Business News

Kamal Nath targets five percent world trade share by 2020

Commerce and Industry Minister Kamal NathNew Delhi, Apr.

Court backs strike at Renault's Romanian plant

Bucharest- A court has ruled that a three-week-old strike at Renault SA's Romanian plant is legal, bolstering worker demands for higher pay and benefits ahead of a rally planned for Thursday.

Budapest transport workers to strike again over service cuts

Singapore, Chinese authorities endorse eco-city project

Singapore-

Head of German state bank resigns over banking crisis

German bankBerlin - The head of Germany's state-owned KfW development bank resigned Monday as a re

Danish dairy group Arla sales impacted in Middle East

Copenhagen - Danish food company Arla was Monday reported to again be struggling with a consumer boycott in the Middle East in the wake of anger against the re-publication of controversial cartoons of the Prophet Mohammed.

Sales in the region have halved although the group still sells its products in most markets, sales director Finn Hansen told newspaper Jyllands-Posten, estimating the sales drop to be 1.3 billion kroner (274 million dollars).

Arla was also targeted in 2006 in the wake of the crisis triggered by the publication of 12 controversial caricatures of the prophet when religious and political leaders called for a boycott.

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