latest world business news

The dollar's strength led to a 3.3 percent drop this week in gold, roughly matching the metal's last significant weekly decline since July. Gold stabled on Friday after its first weekly decline in nearly 3 months, with bullion investors keeping an eye on any statements from the G20 meeting. Any currency reaction to the G20 meeting in South Korea this weekend could provide fresh momentum to the gold market. Analysts, however, said it is unlikely for members to reach a deal on a U.S.-led initiative for a commitment from emerging economies to allow their currencies to rise. "I don't think there was an expectation that they will come up with a grand solution because everybody does have a different interest," said Axel Merk, portfolio manager of Palo Alto, California-based Merk Mutual Funds. "It's just the very beginning of a currency war. It's going to take a while to brew over. I have no doubt gold will be the beneficiary in the long run," he ...

Andre Sougarret, the leader of the Engineering Team conducted the 66-days long rescue operation in Chile to give breathing opportunity to miners Three days after 33 men were sealed deep within a gold mine, Andre Sougarret was summoned by Chile's president. The Chilean leader got right to the point: The square-jawed, straight-talking engineer would be in charge of digging them out. At first Sougarret worried — no one knew if the miners were alive, and the pressure was on to reach them. And he knew he would be blamed if the men were found dead "because we didn't reach them or the work was too slow." But eventually, contact was made, the work was on, and the miners below were calling him "boss." The mission was unprecedented. No one had ever drilled so far to reach trapped miners. No one knew where to find them. From the first confusing days to this week's glorious finale, the 46-year-old Sougarret was the man with the answers. And at the en...

Sales of trucks and passenger cars were both down as the number of new motor vehicles sold dropped 4.8 per cent in Canada in August this year. That's 128,764 new vehicles. Statistics Canada reports preliminary industry data indicate new vehicle sales increased four per cent in September. Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) fell 5.2 per cent to 73,002 in August after four straight monthly increases. The agency says passenger cars sales dropped 4.3 per cent to 55,762. North American-built car sales dropped 5.7 per cent and were the main contributor to the decline, while sales of overseas-built cars fell 2.6 per cent. New vehicle sales dropped seven provinces in August. The largest gain was in Alberta, where sales increased 2.4 per cent.

Home sales in Canada were down 20 per cent in September from the record highs of last year in what the chief economist of Canada's main real estate industry group described Friday as a trend that will continue well into next year. The Canadian Real Estate Association (CREA) said Friday that 33,913 homes were sold in September, up three per cent from last month and the most since May. But sales were still significantly lower than the 42,431 recorded last September, when buyers flocked to the market as the economy showed signs of recovery from the recession. "They were pretty strong year-ago numbers, so that's to be expected," CREA's chief economist, Gregory Klump, said of the drop in comparative numbers. However, he noted that this September's sales reflected similar sales for the month in 2006, 2007 and 2008. Prices were little changed from last year at $331,089. Unfavourable year-over-year comparisons are expected to continue into the second quart...

What did happen on September 11, 2001? People across the years, ages and times will try to unearth  the incident with more attention. Who did this heinous act for what purposes! Whom are the beneficiaries of this inhuman acts? History will also justify the issue with different scientific clues and symbols.    Clock the round incidents shown in world media visible here.

Terrorists attacks on World Trade Centre on September 11, 2001 mostly known as 9/11 attack. Millions of people will remember the incident full with a very shocking as well as turning point human history. However, who is the responsible for the incident is a deep rooted question. 9/11 Attack on WTC in New york. 

Seoul military officials say the North Korea has an army unit of elite hackers. The comments came  when the question arises from Seoul officials and diplomats that hackers in China have stolen secrets on South Korea’s defense and foreign affairs by using bogus emails, the intelligence agency said Friday. The National Intelligence Service uncovered the hacking early this year and warned government offices about the danger of such emails, a spokesman said. Hackers sent emails in the names of South Korean diplomats, presidential aides and other people familiar to Seoul officials. Attached files containing viruses were disguised as important documents, such as analyzes on North Korea’s economy. When a recipient clicked on the attachment, the virus started downloading documents in his or her computer, the spokesman said. Lawmaker Lee Jung-Hyun of the ruling Grand National Party told parliament Thursday that a ‘considerable volume of classified documents’ was feared to have been lea...