latest world business news

London Heathrow Airport has topped the world’s busiest airport list (by international passengers) for the past 11 years, but the rank will certainly change when Beijing’s Daxing airport opens. Currently under construction, the new airport will be Beijing’s third airport -- after Beijing Capital International Airport and the semi-military Nanyuan Airport -- and will occupy a total of 54 square kilometers with nine runways. Due to be completed in 2015, Daxing airport is expected to handle 120 to 200 million passengers a year. That’s twice, or even three times, the capacity of Heathrow’s current annual passenger flow. The airport is planned only three years after the third terminal of Beijing Capital International Airport was put into operation. Designed to manage air traffic during the 2008 Olympic Games in Beijing, the terminal was then the world's largest airport building, with more floor space than all five Heathrow terminals combined. Even that is not enough to handle China’...

As "All My Children" fans get ready to say goodbye to the soap on September 23, they're also bidding farewell to "AMC" actress Mary Fickett, who has passed away. According to the New York Times, Fickett died Thursday at her home in Callao, Va., at the age of 83. Her daughter tells the Times the cause was complications from Alzheimer's. Fickett was one of the original cast members, and portrayed the outspoken nurse Ruth Martin from 1970-1995 and again from 1998-2000. In 1973, the character earned Fickett the first Emmy given to an actor for a daytime drama on the strength of a speech delivered against the Vietnam War. The network says in a statement that they're "very saddened to learn about the passing" of Fickett. "As we honor 'All My Children’s' 41 years on ABC, we cannot help but recognize and remember Mary’s wonderful depiction of Pine Valley’s revered Ruth," the statement continues. "Ruth’s marriage to chief ...

A passenger train rammed into a waiting train in southern India, killing nine people and leaving dozens injured, officials said Wednesday. The accident happened Tuesday at a stop sign in Tamil Nadu state. At least 60 passengers onboard the stationary train were injured, railway spokesman Anil Kumar Saxena said. Emergency crews have rescued all the survivors trapped in the wrecked carriages, he said. India's massive rail network, used by hundreds of thousands of passengers daily, has a poor safety record. Official figures show 100 train accidents occurred in India in the 2009-10 fiscal year and 115 in 2008-09.

Khairul Anam borne in a village of Bangladesh in the late of 1980s. Mr. Anam passed his early life in the village Khojarhut under the Sadar Upazila of Jessore, a south-west District of the country. He used to go to school every morning taking bath from a pond situated beside their house. He saw that farmers were cultivating paddy without any under-ground water at least two seasons of the total three seasons every year. People used to catch fish from the tiny river flowed beside their village. Meanwhile, Mr. Khairul passed his Primary and Secondary education during mid of the last decade of the last century. He looked change of environment of his society very consciously. The water flow of the river had been flowed for about unknown number of years came to totally plain field in the dry season during the first five years of the first decade of the new century.  Besides, the only pond where Mr. Anam used to take bath and catch fish with his father also has turned into a ...

The decisive victory by Yingluck Shinawatra and her Pheu Thai party was "a very strong punch in the gut" to Thailand's ruling elite and will in fact lend the country some stability for now, said one political observer of Thailand. The new reality for Thailand is that Yingluck's brother Thaksin, the former prime minister who was ousted in a 2006 coup, remains extremely popular, and that fighting the electoral will would be dangerous, said Roberto Herrera-Lim, a director at Eurasia Group, a political risk research and consulting firm. In a strong message to those who would consider being a turncoat to Yingluck's party, former Thaksin supporters who had defected in 2007 and enabled Prime Minister Abhisit Vejjajiva's rise to prime minister, lost in Sunday elections, Herrera-Lim pointed out. The ensuing months will also be a time for the military to reassess strategy, to assess whether the pro-Yingluck sentiment is a temporary development or not, he added. Yin...

UK oil giant BP and Indian company Reliance Industries have announced a "transformational" strategic oil and gas partnership in India.The deal is expected to result in a total combined investment in India of $20bn, according to the companies' joint statement. The companies will form a 50:50 joint venture for sourcing and marketing energy in India. The deal gives BP a 30% stake in 23 oil and gas blocks owned by its new partner including 19 off India's east coast. In return, the UK firm will pay $7.2bn (£4.4bn), plus up to a further $1.8bn in future performance-related payments. "This is a clear reflection of the way in which believe that the energy industry is developing," said BP's chairman, Carl-Henrik Svanberg. He said that the company predicted global energy consumption would rise by 40% between now and 2030 , with most of the growth coming from emerging markets such as India. "This has huge significance for India's economic devel...

Two executives at Alibaba, China's largest e-commerce group, have resigned after a rise in fraudulent sales. The firm said an internal investigation had discovered more than 1,000 fraud cases in both 2009 and 2010. The pair, chief executive David Wei Zhe and chief operating officer Elvis Lee Shi-Huei, were not involved in the frauds but were taking responsibility for a "systemic breakdown". The company has paid out $1.7m (£1.1m) as a result of the claims. Most trades involved offering popular consumer electronics at bargain prices with a low minimum order value to entice buyers, Alibaba said in a statement. The average value of the fraudulent claims was less than $1,200. Alibaba's chairman and founder, Jack Ma, said the company had picked up a spike in the number of fraudulent transactions conducted on its site by so-called China Gold Suppliers members. These members undergo more rigorous checks on their reliability and are supposed to be the most trustworthy ...