German car makers are scrambling to keep up with international orders. They expect that by the end of the year they will have exported 4.15 million German made cars. But the majority of those cars are not going to the U.S., they’re going to China, and to some extent India.
“We are seeing international markets […] Continue Reading…
Germany, not the United States, is becoming China’s most important business partner.
In fact the latest deal puts to shame the recent deal signed between China and the United Kingdom, by several hundred billion dollars. At the end of June Germany and China signed a $290+ billion deal.
The deal includes not just the purchase of […] Continue Reading…
Almost four months after the world’s worst nuclear accident, is the Japanese government finally taking serious action in Fukushima Prefecture?
On 04 July 2011, the Japanese government announced they will take over all radiation monitoring in Fukushima, including the monitoring being done by Tokyo Electric Power Company.
This comes after growing complaints by residents of Fukushima […] Continue Reading…
A group of residents of the city of Moriya say they will begin monitoring radiation levels, because the central government can not.
Moriya is 200 kilometers (124 miles) from Fukushima Daiichi nuclear plant, yet it is showing some of the highest radiation levels in the area.
Residents say when they approached the central Japanese government with […] Continue Reading…
Rare earth minerals will become the ‘oil’ of the 21st century. That’s because they’re used in high tech electronics, and the more the world becomes reliant on electronics, the more valuable rare earth minerals become.
In fact, some analysts say some of the current wars raging on the African continent are all about control of […] Continue Reading…
The city of Date, 50 kilometers (31 miles) from the damaged Fukushima Daiichi nuclear plant, will undergo intensive decontamination. This announcement comes after the central Japanese government announced the evacuation of 113 more households.
City officials, and residents, are not happy with the central government’s targeted evacuations. Many residents want a mass evacuation, because radiation […] Continue Reading…
On July 3, Indonesia’s Mount Soputan, on the Sulawesi island chain, erupted. An ash cloud went 5,000 meters (16,404 feet) high. An evacuation zone of 6 kilometers (3.7 miles) was ordered.
This is the second Indonesian volcano to erupt this year. In March, Mount Karangetang, also on the Sulawesi island chain, spewed lava and gas […] Continue Reading…
The Chinese government is contemplating another increase for interest rates, in an attempt to fight off inflation.
On top of that, the Chinese government has ordered banks to tighten their hold on cash. Currently Chinese banks are required to hold back 21.5% of their cash. The increase in capital reserves, as it’s sometimes called, is […] Continue Reading…
Estee Lauder Group announced they will be raising prices on their various makeup brands by 8% to 10%.
Corporate officials are blaming the price rise on the increased cost of labor, and resources.
Estee Lauder Group is not the first cosmetics company to raise their prices. Earlier in the year Christian Dior, Lancome, Biotherm, Chanel and […] Continue Reading…
“We will continue to monitor the situation and evaluate whether this bodes a further slowdown for business activity and economic growth.”-Cai Jin, China Federation of Logistics and Purchasing
China continues to see evidence of economic slowdown, as the non-manufacturing sector shows slowed growth for second month in a row.
The slowdown in non-manufacturing (things like […] Continue Reading…