Search Results for: United Nations

BY RAGHAVENDRA VERMA

INDIA’S cosmetics industry appears to have taken the international economic downturn in its stride as the US$950 million market grew by more than 15% in 2008-09, according to the Confederation of Indian Industries (CII).

All the major brands speaking to Soap Perfumery & Cosmetics are registering a positive growth and companies remain confident about the future prospects.…

BY KEITH NUTHALL, JULIAN RYALL, in Tokyo, EMMA JACKSON and LEAH GERMAIN

TIME was when counterfeit personal care products were commonly crude fake perfumes pedalled in markets and workplaces during the Christmas and other festive periods to bargain hunters who knew they were buying rubbish.…

By Emma Jackson

As the recession digs deeper and major accounting scandals bubble to the surface, business and accounting teaching and training programmes across the globe are scrambling to endow a sense of ethics in their students.

Ethics have been largely ignored in many prestigious business schools, says one accountings professor at Australia’s Deakin University, Steven Dellaportas, who argues students aren’t equipped to deal with ethical dilemmas.…

BY KARRYN MILLER

"THE STONE Age did not end for lack of stone, and the oil age will end long before the world runs out of oil," said Sheik Ahmed Zaki Yamani in 2003, former oil minister of Saudi Arabia. Six years on Mr Yamani’s words appear to ring true more than ever before – with alternative fuels becoming a viable petroleum substitute.…

BY STEVEN SWINDELLS

POLITICALLY stable Botswana is moving ahead with investment in expanded and upgraded airports despite the economic downturn which has hit the southern African country’s tourism sector.

The main project is the US$60 million upgrade and expansion of the Sir Seretse Khama International Airport in the capital Gaborone.…

BY RUSSELL BERMAN

THE SWEEPING energy reforms being undertaken by the new administration of US President Barack Obama include billions of dollars in funding for biofuels and other clean energy sources.

America’s biofuels industry is applauding Mr Obama’s early moves, although advocates are still awaiting regulatory directives on renewable fuel standards.…

BY RUSSELL BERMAN

WITH the auto industry in the United States and Europe in the midst of an unprecedented downturn, the international paints and coatings sector has taken a deep hit as well and has been forced to turn to painful strategies in the hopes of riding out the recession.…

BY MARK GODFREY

INVESTMENT in Bangladeshi dyeing capacity appears stalled as growth in the country’s garment exports slows. Prices for imported dyes are also dipping. Yet given long-term steady growth expected in the country’s apparel industry, there are opportunities for dye importers.…

BY LEAH GERMAIN

BROWN University, in Providence, Rhode Island, is expecting lower revenues across the board because of the recession, according to a communiqué from its central administration. After its annual winter meeting in February, the governing Corporation of Brown University (composed of its Board of Fellows and Board of Trustees) has decided to begin a series of budget cuts that anticipate a US$90 million decrease in overall spending by 2014.…

By Lorraine Mallinder, in Montréal

As the polar ice cap continues to shrink, the five nations surrounding the Arctic Ocean are hurriedly positioning themselves for what is shaping up to be one of the biggest geopolitical brawls of the coming years.

Beneath the thinning ice lies the tantalising prospect of up to a quarter of the world’s untapped oil and gas reserves and the promise of new shipping routes between East and West. It’s enough to turn the heads of even the most placid nations.…