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Business : Page 1416

Delays in major projects will raise power costs in East Africa
East AfricaJune 25, 2014 ET
As East African countries launch massive projects in the power sector, the United Nations Economic Commission for Africa (Uneca) is warning that delays in implementing them could push the region towards expensive alternatives.
Boris Johnson awards 20,000 pounds prize to power app
Boris JohnsonJune 25, 2014 ET
The Mayor of London Boris Johnson has awarded a 20,000 pounds prize to a small London business for a new app to help global big city households use their power more efficiently and reduce the risk of power shortages.
Free meals to help feed 400,000 children this summer in New York State
New York free mealJune 24, 2014 ET
Governor Andrew M. Cuomo reminded parents that while the school year is drawing to a close, thousands of children remain eligible for free meals at hundreds of sites around New York State this summer.
De Blasio signs Vision Zero traffic safety bills
Bill de BlasioJune 24, 2014 ET
New York City Mayor Bill de Blasio signed eleven bills into law, meant to improve traffic safety and reduce pedestrian fatalities in the nation's largest city.
China, U.S. airlines carry 4.4m passengers
China airlineJune 24, 2014 ET
A total of 4.4 million air passenger trips were made in 2013 between China and the United States, according to latest Chinese official data.
Qatar-based banks loan book grew by 23 percent
Qatar bankJune 24, 2014 ET
Qatar-based banks witnessed the highest increase in their loan book growth in the GCC during the first quarter of 2014. The banks' loan book grew by 23 percent year-on-year, the highest among GCC nations, a new report showed.
Smartphones in Germany more widespread than feature phones
SmartphonesJune 24, 2014 ET
Smartphones are in the ascendant in Germany. In a May 2014 BITKOM survey conducted by ARIS, 55% of consumers ages 14 and older said they used a smartphone at least occasionally, compared with 41% a year earlier.
Mexico seeks new markets for tequila
TequilaJune 24, 2014 ET
Mexico plans to conquer new markets with tequila, with projections showing that China will be the liquor's No 2 importer in five years, Mexican President Enrique Pe'a Nieto said.
EU overtakes U.S. as main food exporter
EU foodJune 24, 2014 ET
The EU beat out the United States to become the world's top exporter of agricultural and food products last year, AFP cites a European Commission report on the global farming market as saying.
Biomass boom triggers Brazil power output spike
BiomassJune 24, 2014 ET
Booming biomass production helped lift generation from Brazilian power plants in April, according to the latest figures from energy trade chamber CCEE.
France output down for 2nd month
Banque de FranceJune 24, 2014 ET
June's flash PMI data painted another picture of subdued economic performance in France, with output down for a second successive month, orders falling slightly and the sharpest cut in staffing levels for four months.
U.S. manufacturing sector expansion steepest since 2007
U.S. jobsJune 24, 2014 ET
June data pointed to a robust and accelerated improvement in the performance of the U.S. manufacturing sector.

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