latest world business news

The Group of 20 has tried on Thursday  at Seoul of South Korea  to agree how to put the world economy on a sounder footing as renewed fears over Ireland's ability to pay its debts underscored the lingering fallout of the global financial crisis. The G20 had hoped to use the two-day summit to recapture the unity forged in the depths of the crisis two years ago in order to soothe tensions over exchange rates generated by imbalances between cash-rich exporting nations and debt-burdened importers. But even as U.S. President Barack Obama voiced confidence that leaders would find a formula for more balanced and sustainable growth, negotiators squabbled over the language in a closing statement to be issued when the summit ends on Friday. "The persistence of these imbalances is a problem in the long term and these things have to be addressed," said Canadian Prime Minister Stephen Harper. "Will they be addressed at this conference? I'm not so sure, but I think we'

The world's most demanded and user-friendly Internet search leader Google Inc is not building a social network to compete with Facebook, a company executive reiterated on Thursday, despite an intensifying rivalry between the two leading Internet groups. "We're not working on a social network platform that's just going to be another social network platform," Google's head of mobile product development, Hugo Barra, said in answer to a question at the Monaco Media Forum. "We do think that social networking is an ingredient for success for any application going forward, search and advertising being probably the best two examples that I would mention. So that's how we're thinking about the problem." Social networking has exploded in popularity and begun to reshape the balance of power in the Web industry. Facebook, launched in 2004, has more than 500 million members. Google Chief Executive Eric Schmidt said in September the company intended to

ICC published top 20 Test players of all time. ICC named it in an order according who have maintained more points for a particular time and also in a term consistency. However take a glimpse on the list here:  The list of Top 20 players of all time 1.  Don Bradman (AUS) 961 v India 2. Len Hutton (ENG) 945 v West Indies 3. Jack Hobbs (ENG) 942 v Australia 4.  Ricky Ponting (AUS) 942 v England 5. Peter May (ENG) 941 v Australia 6. Clyde Walcott (WI) 938 v Australia 7. Viv Richards (WI) 938 v England 8. Garry Sobers (WI) 938 v India 9. Kumar Sangakkara (SL) 938 v England 10.  Matthew Hayden (AUS) 935 v England 11. Jacques Kallis (SA) 935 v New Zealand 12 Mohammad Yousuf (PAK)933 v West Indies 13. Graeme Pollock (SA) 927 v Australia 14. Everton Weekes (WI) 927 v New Zealand 15. Dudley Nourse (SA) 922 v England 16.  Doug Walters (AUS) 922 v South Africa 17.  Neil Harvey (AUS) 921 v South Africa 18.  Michael Hussey (AUS) 921 v West Indies 19. Denis Compton (ENG) 917 v Australia 20. Suni

Big Oil is ready to go back to work in the Gulf of Mexico , even with the U.S government promising to rule the waters with a heavier hand. Chevron, Exxon, Royal Dutch Shell are willing to endure the additional time to secure permits and extra costs that will result from new government regulations because they've come to depend on deepwater drilling to replenish their reserves. The companies outlined plans for the Gulf this week as most of them reported improved earnings for the third quarter. These big oil and gas companies know the geology of the Gulf much better than other parts of the world. Taxes and royalties for projects in U.S. waters are considered to be much lower than foreign operations, and it's much easier and cheaper to deliver the oil to the consumer. "It's one-stop shopping," said Fadel Gheit, an analyst with Oppenheimer & Co. "When you're working in the Gulf, you're sitting in the belly of the largest energy-consuming economy

The prestigious Australian Cricket Team captured winning title of ICC Cricket World Cup for at least four times out of total nine events. Their continual three times win may be the most untouchable record for any other team in the history of Cricket World Cup.     The Australian cricket team is the national cricket team of Australia. It is the joint oldest team in Test cricket, who played in the first Test match of the Cricket in 1877 marking also a win by 45 runs. As of 20 January 2010, the Australian team has played 718 Test matches, winning 51.87%, losing 20.87% and drawing 26.98% of its games.It has a winning record against every other Test nation.The Australian national cricket team has also led the ICC Test Championship table for the majority of the time since the creation of the ICC Test table system in January 2001. Australia have made 6 world cup final appearances and have won the Cricket World Cup four times in total; 1987, 1999, 2003 & 2007. Australia have also wo

Cargo planes and trucks in several U.S. cities were inspected Friday after investigators found suspicious packages in at least two locations-Britain & Dubai- abroad, law enforcement sources with detailed knowledge of the investigation said. However, nothing serious was found but toner cartridge only which sparked horror of terror attacks in the countries of U.S., U.K. and Middle East. Jewish community of U.S. and the world was very thoughtful over the apprehension.  See the matter what happened! U.S. officials believe that al Qaeda in the Arabian Peninsula, commonly referred to as AQAP, is behind the plot. One suspicious package, found in the United Kingdom, contained a "manipulated" toner cartridge but tested negative for explosive material, the source said. It led to heightened inspection of arriving cargo flights in Newark, New Jersey, and Philadelphia, Pennsylvania, and a UPS truck in New York. The package had white powder on it as well as wires and a circuit

Fifa president Sepp Blatter says the vote to decide who will host the 2018 and 2022 World Cup tournaments will still take place on December 2 this year. Fifa has made the decision despite two of its executive members being suspended for allegedly selling votes. "We are five weeks from the final decision so there was never a question of changing anything," said Blatter. "So on 2 December the Fifa executive committee will decide in a secret ballot the hosts for 2018 and 2022." Although Fifa has decided to press ahead with the voting schedule Blatter did admit it may have been a mistake to run the bidding process for the two competitions at the same time. The two Fifa executive members who have been suspended are Nigerian Amos Adamu and Tahiti 's Reynald Temarii, and the pair are under investigation by the organisation's ethics panel. Blatter confirmed that a ruling on their future is expected on 17 November and, if the two are not reinstated, then only