China cuts business visas for Olympics
Beijing has issued new restrictions on business visas for the next two months as the government steps up its campaign to keep out unwelcome foreigners at next month’s games
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 China cuts business visas for OlympicsBeijing has issued new restrictions on business visas for the next two months as the government steps up its campaign to keep out unwelcome foreigners at next month’s games GSK in Harvard stem cell dealGlaxoSmithKline will invest at least $25m over five years on a collaborative agreement with the Harvard Stem Cell Institute, ‘leading to the development of new medicines’ Wary backing for clone food safetyFood products from healthy, cloned animals pose no greater risk than comparable products from conventionally bred counterparts, Europe’s food safety watchdog says UK Treasury seeks tax reform dialogueSigns emerge that some businesses are still considering leaving Britain in spite of this week’s concessions over the international tax regime Redress sought as Egypt halts new plantCanadian fertiliser company wants compensation after construction of a $1.4bn fertiliser plant on the editerranean coast was halted in a case closely followed by foreign investors Inflation brakes Asian constructionGovernments are shelving billions of dollars worth of landmark infrastructure projects and shifting funds to more immediate economic assistance China cuts business visas for OlympicsChina has issued new restrictions on business visas for the next two months as the government steps up its campaign to keep out unwelcome foreigners at next month’s games Arctic has 90bn barrels of crudeThe Arctic holds as much as 90bn barrels of undiscovered oil and as much undiscovered gas as all the reserves known to exist in Russia, US government scientists say Missions at the ‘outer limits’ of peacekeepingThe head of United Nations peacekeeping has urged the Security Council to satisfy itself there is a peace to keep before sending troops on further large-scale missions Cost of housing expatriate employees risesThe cost of housing expatriate employees has jumped by almost a fifth in the past 12 months, according to a study comparing the cost of living in more than 140 of the world’s largest cities Arctic has 90bn barrels of crudeThe Arctic holds as much as 90bn barrels of undiscovered oil and as much undiscovered gas as all the reserves known to exist in Russia, US government scientists say The company will always make a comebackNo other organisations set prices as efficiently or pursue market experiments so single-mindedly, writes Jonathan Guthrie French consumer spending falls in JuneFalling car sales dented French consumer spending on manufactured goods in June, amid signs that households are likely to tighten their belts further in the second half of the year. Basel committee looks to close risk loopholeThe proposal could overhaul the way banks calculate risk and make it more costly to own the complex assets that have caused huge losses during the credit crisis More donations to UN food agency urgedThe UK parliament’s International Development Committee said significant increases to the World Food Programme’s budget should be sustained over the years How to restore European resilienceThe biggest domestic risk for the eurozone is a full-blown confrontation between monetary policy and wage policy, writes Holger Schmieding Cherished myths fall victim to economic realityThere is a danger that the macroeconomic models now in use in central banks operate like a Maginot line. They have been constructed in the past as part of the war against inflation. They do not provide banks with the right tools to be successful, writes Paul De Grauwe Mediterranean gas field fires IsraelTo many Israelis, the geology of the Middle East has always seemed unfair. While other countries in the region have been raking in hydrocarbon riches for decades, Israel has searched for oil and gas largely in vain US plans cut in farm subsidyThe US has made the first significant move in this week’s politically fraught meeting of trade ministers in Geneva, cutting its proposed ceiling for farm subsidies to $15bn a year A bigger dose: Why generic drug producers are bulking upA wave of mergers illustrates how the makers of cheap unbranded medicines are stepping up their challenge to innovative pharmaceutical companies Cherished myths have fallen victim to economic realityThere is a danger that the macroeconomic models now in use in central banks operate like a Maginot line. They have been constructed in the past as part of the war against inflation. They do not provide banks with the right tools to be successful, Paul De Grauwe Brown’s rules are a flawed basis for policyThe effect of the target is to focus attention on the target rather than its purpose. The target is met; the objective is not, writes John Kay In search of fresh capitalAlthough the financial sector is finding it ever harder to raise funds, other listed groups can buy their way through the downturn Little Big Bang to redefine physicsThe world’s biggest scientific experiment, designed to re-create in miniature the conditions shortly after the Big Bang 14bn years ago, is set to start in late August ‘Risks’ dash hopes on foreign profitsThe prospect that multinationals will soon be able to bring profits from overseas free of tax was dashed when the Treasury told the CBI the ‘fiscal risks are too great’ Chávez widens cheap oil finance networkVenezuela is broadening its network of regional alliances into Central America with its financing initiative Petrocaribe, as countries find it harder to turn down amid soaring oil prices Famine looming for 14m in AfricaHunger on a massive scale is looming across the Horn of Africa as drought and high food prices leave millions in five countries in need of emergency food aid, according to the UN Expectations low as Doha talks beginA week of tense trade talks has started in Geneva with most sides professing willingness to compromise but saying that others have to take the lead Bad debts mean more bank bidsThe next stage of the recovery process will be takeovers. Many weak banks need to raise capital but investors are nursing heavy losses Pressure mounts for global trade accordThere are good reasons for believing that this really is, in the words of Pascal Lamy, WTO chief, the ‘moment of truth’ for the seven-year-old Doha round of trade talks |
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