Multinationals fobbing us off with inferior food, says Bulgarian minister
Businessam Staff
May 30, 2017
Bulgaria has become the latest eastern European state to accuse multinationals of selling food of a lower quality in their country than in the west, and has launched a pan-European taste-test to prove its case. The country’s minister for agriculture, food and forestry, Rumen Porozhanov, said experts had been sent to buy well-known food and […]
Malawi’s hopes aid embargo to be lifted after World Bank support resumed
Businessam StaffMay 29, 2017
Malawi hopes global lenders will release funds frozen over a government graft scandal three years ago now that the World Bank has resumed its budget support programme, Finance Minister Goodall Gondwe said on Monday. The World Bank decision early this month to restore budget support signals a return of donor confidence in Malawi, he told […]
Airbus begins building first helicopter plant in China
Businessam StaffMay 28, 2017
Airbus has begun building its first helicopter assembly plant in China, Newsrep.net reports. The European plane-maker in its plans, intend to produce 18 machines a year in the Asia country, in hopes that the country will soon open up its low-altitude airspace. China currently has a shortage of civilian helicopters for emergency medical purposes and other […]
Israel appoints new minister to oversee telecom reforms
Businessam StaffMay 28, 2017
Israeli Prime Minister Benjamin Netanyahu appointed on Sunday Ayoob Kara, a minister in his Likud party, as communications minister, who will oversee Israel’s telecom market as it undergoes significant reforms. Netanyahu himself held the post until he relinquished it in February amid allegations he had negotiated a deal with a newspaper owner for good press […]
The best Chinese cities: Ranking of the most commercially charming Chinese cities 2017
Businessam StaffMay 27, 2017
There are no hard-and-fast rules governing how Chinese cities should evolve. Each city is unique and has its own development path. The Rising Lab re-ranked 338 Chinese cities above the prefectural level based on the latest business data from 160 commercial brands, customer behavior data from 17 internet companies and Big Data on cities compiled […]
Warthog attack plane finds new life in Trump administration
Businessam StaffMay 27, 2017
The Warthog is sitting pretty. Once on the brink of forced retirement, the A-10 attack plane with the ungainly shape and odd nickname has been given new life, spared by Air Force leaders who have reversed the Obama administration’s view of the plane as an unaffordable extra in what had been a time of tight […]
China April industrial profits up 14 percent but slowing pace stokes economy worries
Businessam StaffMay 27, 2017
Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March’s pace and adding to concerns that the world’s second-largest economy may be losing steam. Profits in April rose to 572.78 billion yuan ($83.59 billion), the National Bureau of Statistics (NBS) said on […]
Uganda, Tanzania partner on world’s longest heated pipeline
Businessam StaffMay 26, 2017
Uganda and Tanzania signed a framework agreement on their proposed $3.55 billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years. An official at Uganda’s Ministry of Energy told Reuters the agreement covered terms on tax incentives for the […]
Angola allows tax payments in foreign currency to cope with FX shortages
Businessam StaffMay 26, 2017
Tax payments in Angola can now be paid in foreign currency under the amended general tax law approved by lawmakers in a move to cope with a foreign currency shortage that has led to a flourishing black market. Hit by a collapse in the price of crude oil, Africa’s second largest oil exporter has been […]
UK lags behind major competitors on infrastructure as projects have been “plagued by long delays”,
Businessam StaffMay 26, 2017
The UK is falling behind its major competitors when it comes to the quality of its infrastructure assets, according to a new briefing from the National Institute of Economic and Social Research (Niesr). The latest World Economic Forum report ranked the UK 24th out of 138 countries in the world on the perceived quality of […]