Food crisis moves up agenda January 24, 2011 GENETICALLY-MODIFIED crops could help meet the rising demand for food amid growing populations, the government’s chief scientific adviser said yesterday. “If there are GM organisms that solve problems that we can’t solve in other ways, and are shown to be safe from human health and environmental points of view, then we should use them,” said [...]
CITY VIEWS: DO YOU AGREE THAT WE SHOULD USE MORE GM FOODS? January 24, 2011 MUSTAFA GHULAN LENDING & CREDIT OPERATOR “All our foods are supported by artificial ingredients to some extent. I tend to agreed with GM in developing countries, if it’s going to help supply food.” RICHARD SMITH UNIVERSITY OF BRITISH COLUMBIA “I would be fine with eating GM foods. It’s a matter of informing people about the [...]
Sarkozy calls for regulation January 24, 2011 WITH global food prices rising, French President Nicolas Sarkozy called for stronger regulation of commodity markets yesterday. His comments came on the eve of the Davos summit, as economists decide how best to respond to food inflation. The world risks food riots and weaker growth if leaders fail to act, Sarkozy told 300 diplomats and [...]
Medvedev delays Davos trip due to terrorist blast January 24, 2011 RUSSIAN president Dmitry Medvedev has delayed his trip to the World Economic Forum in Davos this week due to a suicide bomb at Moscow’s Domodedovo airport that killed 35 people yesterday. The president swore to hunt down the culprits, writing on Twitter: “Security will be strengthened at large transport hubs. We mourn the victims of the [...]
Companies cut delegates due to gender quota January 24, 2011 DAVOS has courted controversy this year by imposing a gender quota on its main sponsors. Every company sending delegates into the Congress Centre has to have at least one woman among its five allotted attendees. However, not all companies have managed and have instead cut down their accredited delegates to four. “This is an attempt [...]
events January 24, 2011 WELCOME TO DAVOS The World Economic Forum Annual Meeting 2011 opens today and runs until Sunday 30 January. Today, delegates will be arriving at the Swiss mountain town of Davos, the highest city in Europe, for the conference. Registration takes place throughout the afternoon. The programme begins at 5.30pm – 7pm UK time, with a [...]
StanChart to pay $1bn for GE loans unit January 24, 2011 STANDARD Chartered, the emerging markets-focused bank, yesterday announced it was buying General Electric’s (GE) Singaporean car financing arm. The bank did not reveal the terms of the transaction, although sources close to the deal said it was paying just under S$1bn (£490m) for GE Money, which has S$2.35bn of assets. The deal is expected to close [...]
Deal is more significant than it seems January 24, 2011 ON the face of it, Standard Chartered’s acquisition of General Electric’s (GE) car financing arm is pretty unremarkable. It will pick up $1.8bn of loans through the deal (worth around $780m), representing just 2.4 per cent of its total Singaporean assets. However, the importance of Singapore to Standard Chartered’s ambitions should not be underestimated. It [...]
Firms to benefit from pensions windfall following index change January 24, 2011 A PENSIONS liability windfall in excess of £15bn could be experienced by firms in the FTSE 100, following changes to the way some pensions are calculated. Some pension schemes at large companies will now be linked to the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI) saving an average 2.5 per cent [...]
IAG hunts for new brokers as joins FTSE January 24, 2011 INTERNATIONAL Consolidated Airlines Group (IAG) began trading in London and Spain yesterday as British Airways and Iberia continued to complete their merger. IAG shares closed at 285p in London yesterday, 3p above BA’s final price of 282p. The new firm is overhauling its advisory teams, with a beauty parade underway for a corporate broker. UBS, [...]
