Diamond production to double in 10 years
Demand for diamonds on the world market will make it possible to double production by 2020, due to a recovery of the US economy and the needs of countries such as China and India. Doubling of production would be a result of a rise in China's market share to 10 per cent and increasing demand from India by 2015, as well as from retailers and long-term acquisition contracts.
Apple to host event January 27, tablet expected
Apple Inc will host a special event on January 27 where it is widely expected to unveil its tablet computer, as the company looks to extend its hot hand into a brand new product category.
Banks should use profits for lending, not compensation: ECB Keynote
Lorenzo Bini Smaghi, a member of the European Central Bank Executive Board, today suggested that the ethical and farsighted use of European bank profits is lending.
Obama State of Union set for Jan 27, budget Feb 1
President Barack Obama plans to deliver his annual State of the Union address on January 27 and will present his budget plan on February 1, senior administration officials said on Monday.
Obama talks race on Martin Luther King Jr. Day
Barack Obama, marking his first Martin Luther King, Jr. Day as president of the United States, urged Americans on Monday to remember that the civil rights era is not ancient history.
Credit and employment: the next phase of the economic recovery
IMF managing director Dominique Strauss-Khan said in a speech today that global economic growth has been faster than expected largely due to government stimulus.
U.N. Chief sees need to deploy 3,500 more troops to Haiti
The Secretary General of the United Nations asked its Security Council on Monday to add 3,500 U.N. troops and police to be deployed to Haiti to ensure that international aid reaches the victims of the January 12 earthquake.
Apple confirms January 27 product launch event
Apple Inc. confirmed on Monday that it will hold a product launch event on January 27 at the Yerba Buena Center for the Arts in San Francisco to introduce its latest creation.
Daily Forecast - 19/1/2010
The Aussie dollar survived a brief selloff in Asia yesterday to bounce back from intraday lows of around 0.9175 and open at 0.9265 this morning.
Baidu CTO resigns for personal reasons
Baidu Inc. said on Monday its chief technology officer Yinan Li has resigned for personal reasons.
U.N.'s Ban asks council for extra Haiti peacekeepers
U.N. chief Ban Ki-moon asked the Security Council on Monday to approve 3,500 more peacekeepers for Haiti -- a nearly 40 percent increase -- to help cope with the chaos that followed last week's earthquake.
Global Air Alliances in Flux as JAL Nears Bankruptcy
As Japan Airlines nears a likely bankruptcy, two of the largest global airline alliances could see a shift of JAL from the OneWorld Alliance, which includes American Airlines, to the SkyTeam alliance, which is headed by Delta Airlines and Air France-KLM Group.
Guatemala, El Salvador hit by earthquake, panic greater than damage
A 6.0 magnitude earthquake hit Guatemala and El Salvador Monday morning but authorities did not report damages or victims, according to Reuters.
Toyota to double hybrid output in 2011: report
Toyota Motor Corp aims to double its global output of gas-electric hybrid cars to 1 million units in 2011, as it fights to stay in the lead in the growing market for low-emission cars, the Nikkei business reported on Monday.
Spyker CEO says still in talks with GM over Saab
Dutch luxury car maker Spyker Cars said on Monday it was still in talks to buy Swedish auto brand Saab from General Motors, but gave no indication of when a deal might be clinched.
Opel CEO to staff: Don't blame GM for everything
Opel management called on staff to abandon any false illusions that parent General Motors was the root cause of the ailing European carmaker's problems and accept its own shortcomings.
No recovery yet at VW's commercial vehicles ops
Volkswagen's light commercial vehicles (LCV) unit warned the industry has not yet escaped last year's violent market downturn, the maker of the all new Amarok pickup said on Monday.
Antarctic wind farm reduces bases' reliance on diesel
The world's southernmost wind farm has been opened in Antarctica, the first in what could be a number of renewable energy projects aimed to lower the frozen continent's reliance on diesel for power.
Controlling oil sands pace a risky move for Alberta
Alberta's new energy minister would face more flak from the very oil industry he is trying to mend fences with if he tried to regulate the pace of development in the Canadian province's vast oil sands, analysts said on Friday.
Apple confirms Jan 27 product event
Apple confirmed that it will hold an invitation-only event in San Francisco on Wednesday, January 27 to introduce its “latest creation.”
Reporters' Gmail accounts hacked into in China
The Gmail accounts of foreign reporters in at least two news bureaus in Beijing have been hijacked, similar to the ones against human rights activists that the search giant cited as a reason, a journalists' group in China said Monday.
OPEC unlikely to cut supply at March meet: Qatar
OPEC is unlikely to cut oil supply at its next meeting in March, Qatar's oil minister said on Monday.
Commodity currencies edge up on European stocks and IMF comments
The Australian dollar and the Canadian dollar rallied against the US dollar on news of the European stock market recovery and comments from various officials pledging their support for continued government stimulus.
IMF urges care as Europe worries recovery may slow
France raised its economic growth forecast for 2010 on Monday but the central banks of Germany and Italy offered more sobering readouts on the probable strength of the recovery from recession in Europe.
U.S. troops boost Haiti aid security as looters swarm
The United States was sending more troops on Monday to help protect a huge relief operation in Haiti from marauding looters as tens of thousands of earthquake survivors waited desperately for promised food and medical care.
Qaeda says fighters alive, Yemen vows more strikes
The Yemen-based wing of al Qaeda said on Monday its fighters had survived an air strike last week that Yemeni officials said killed six leaders of the militant group.
Swiss Re gets $1.27 billion in Berkshire life deal
Swiss Re said it had agreed to transfer a U.S. life reinsurance contract to Warren Buffett for 1.3 billion Swiss francs ($1.27 billion), allowing it to reinvest capital more profitably elsewhere.
Flu pandemic remains moderate, easing in areas: WHO
Margaret Chan, WHO director-general, also said the H1N1 pandemic appeared to be easing in the northern hemisphere but could still cause infections until winter ends in April. It was too soon to say what would happen once the southern hemisphere enters winter and the virus becomes more infectious.
Global healthcare fraud costs put at $260 billion
A study by the European Healthcare Fraud and Corruption Network (EHFCN) and the Center for Counter Fraud Services (CCFS) at Britain's Portsmouth University found that 5.59 percent of annual global health spending is lost to mistakes or corruption.
Cash-healthy Camco faces carbon offset shortfall
UK-based carbon offset aggregator Camco International Ltd grew its cash balance to 28 million euros ($40.3 million), the firm said in a trading update on Monday, but faces a steep climb to reach its 2012 offset inventory goal.
