German Finance Minister Puts Focus on Unemployment
Speaking at an investment conference in London, Wolfgang Schäuble cited joblessness among young people as Europe’s biggest problem.
Peru Deputy Minister Resigns as Humala Rolls Back Indigenous Law
A key Peruvian official tasked with implementing a law to give indigenous groups more rights has resigned to protest efforts by President Ollanta Humala's cabinet to roll back the law to protect mining investments.
Hon Hai Looks Toward Indonesia's Promising Economy As Apple's Growth Slows
Hon Hai is planning to diversify its business away from producing Apple devices by signing an agreement with Indonesia to make and sell handsets in that country, reports Reuters. A Hon Hai spokesman said that the company, which derives about 60 to 70 percent of its revenue from manufacturing work for Apple, hopes to sign the agreement next month. Hon Hai, the parent company of Foxconn, is one of Apple’s largest suppliers. The Taiwanese company joins other manufacturers looking to make their business less dependent on Apple contracts as the Cupertino company’s growth slows. Earlier this month, Hon Hai reported a 19 percent in 1Q sales, due in large part to falling demand for iPhones. Another heavily Apple-dependent manufacturer, Cirrus Logic, has said that it is trying to diversify its customer base and is now shipping to several mobile phone manufacturers. Fellow Apple chip maker SK Hynix may start selling to Samsung, a deal that could help the Korean tech giant avoid supply disruptions ...
Hungary Seeks More Stable Forint
The Hungarian government plans to lure much-needed investment into the economy by making its currency more stable rather than seeking to boost exports by weakening it, the country's new Economy Minister Mihaly Varga said in an interview.
India Ink: A Conversation With: Haryana Chief Minister Bhupinder Singh Hooda
Haryana's chief minister, now in his second term, on investment, pro-farmer policies and crime in his state.