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The Chechen leader Russian President Vladimir Putin picked to snuff out Islamic extremism has a motto he shares with visitors via a billboard of himself at Grozny airport: “Happiness is serving the people.”
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With North Korea escalating its threats to test a ballistic missile, South Korean President Park Geun Hye was conferring with Bill Gates on another pressing matter. Seated across from Microsoft Corp.’s billionaire co- founder on April 22 at a formal dining table in the Blue House, her official residence, Park picked the tech mogul’s brain about how to nurture entrepreneurs to keep the world’s 15th-largest economy humming.
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Boeing Co.’s 787 Dreamliner cleared another hurdle in restoring its image as United Airlines, the only U.S. operator, resumed flights today after the jet’s lithium-ion battery flaws forced a three-month grounding.
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The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the IEA said.
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Company financial reports are showing little improvement in demand. The Federal Reserve’s third round of stimulus could boost prospects for faster sales gains in the second half of this year.
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Deep inside a high-security laboratory an hour from Melbourne, scientists working behind air-locked doors inject six-week-old chickens with a virus that has killed one in five people it’s known to have infected.
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Roche Holding AG will dissolve its Applied Science unit as it sees further price pressure and funding cuts in life-science research and said it’s ended an alliance with International Business Machines Corp.
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European Union Economic and Monetary Affairs Commissioner Olli Rehn said a debt restructuring in the euro area would cause a “chain reaction” in the banking industry and he ruled out such an operation for Greece.
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A decision by Greece to give up the euro would trigger a chain reaction that would force Spain and Portugal out of the common currency, European Parliament President Martin Schulz said in an interview with Frankfurter Allgemeine Zeitung in which he warned against such a step.
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There is a chain reaction occurring in Europe’s banking industry and signs of contagion are already apparent, European Union Economic Commissioner Olli Rehn said in a speech in Helsinki today.
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