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Big pork deal comes amid friction over livestock drug

Fri, 31 May 2013 12:10:40 GMT

The proposed $4.7 billion sale of Smithfield Foods, America’s largest pork producer, to China’s biggest meat processing company comes amid significant trade friction between the two countries over meat and livestock. China bans ractopamine, a controversial growth-promoting drug that is widely used by U.S. livestiock producers.

China's strength could become its weakness

Wed, 5 Jun 2013 15:04:38 GMT

As China's economic might grows, trading partners from Europe to Asia to the U.S. are crying foul. But growing domestic tensions and internal economic imbalances are forcing Chinese leaders to overhaul the economic model that has served them so well for the past decade.

Wary of 'Frankenfood,' S. Korea suspends US wheat imports

Fri, 31 May 2013 16:07:09 GMT

South Korean millers suspended imports of U.S. wheat on Friday and some Asian countries stepped up inspections after the discovery of an unapproved strain of genetically modified wheat in the United States.

Project aims to track big city carbon footprints

Sun, 12 May 2013 18:23:26 GMT

For years, carbon dioxide and other greenhouse pollutants have been closely monitored around the planet. Now, scientists are eyeing large cities, to observe emissions in the atmosphere as a first step toward verifying whether local — and often lofty — climate goals are being met.

Stirring the pot: McDonald's serving pasta in Italy

Fri, 24 May 2013 18:55:55 GMT

Infamnia! McDonald’s Italy rolled out a new menu item featuring the country’s most beloved culinary staple: pasta.

Soaring taxes feed Europe's booming black markets

Tue, 4 Jun 2013 14:14:51 GMT

Punitive tax regimes, increased labor market regulation and a growing lack of trust in governments are causing many Europeans to abandon formal employment and enter into the murky, illicit world of shadow economies worth billions of dollars, according to a pan-European study published on Tuesday.

Feds shut down 'financial hub of cyber-crime world'

Tue, 28 May 2013 18:57:24 GMT

Liberty Reserve was the financial glue that held together a massive worldwide network of cybercriminals, but the network that enabled $6 billion to change hands has been ripped apart, U.S. prosecutors say, leaving thousands of criminals wondering where the money is.

Facebook may buy Israel's Waze for near $1 billion

Thu, 9 May 2013 21:58:14 GMT

If Facebook bought Waze, it would be Facebook's largest acquisition and give the social networking company a mapping service, allowing it to better compete with Google and Apple.

H&M signs on to safety standards in Bangladesh

Mon, 13 May 2013 18:23:55 GMT

Swedish fashion retailer H&M said Monday that it will sign up to a legally binding fire and building safety plan drawn up by unions in Bangladesh, following the deaths of more than a thousand garment workers in a building collapse there last month. The company described safety issues as "extremely important," saying that it supports the Accord on Fire and Building Safety in Bangladesh, initiated by IndustriALL Global Union.

Ireland calls the diaspora home with The Gathering

Wed, 5 Jun 2013 18:47:09 GMT

Billed as The Gathering, Ireland's initiative is really multiple gatherings, large and small, ranging from the cultural and historic to the sporting, the quirky and the poignant. "Bring them home. Treat them well," Taoiseach Enda Kenny exhorted fellow countrymen and women.

This little piggy went to ... China's strategic pork reserve

Fri, 7 Jun 2013 16:26:49 GMT

Plenty of Americans know that the United States keeps a huge petroleum reserve. Other countries also store oil, or crops. But China takes stockpiling to an entirely different level: It runs a strategic pork reserve.

No, we don't have bananas, but cocaine...

Wed, 12 Jun 2013 15:53:37 GMT

Drug traffickers back in Colombia must be going bananas over how their shipment ended up at Danish supermarkets and not on the streets.

Chinese company to buy Smithfield Foods for almost $5B

Wed, 29 May 2013 13:03:42 GMT

In a marriage made in hog heaven, Smithfield Foods has agreed to be bought by Chinese meat producer Shuanghui Group for between $4.72 billion.

Mars, Nestle, Hershey accused of price-fixing

Fri, 7 Jun 2013 09:47:56 GMT

Nestle, Mars and Hershey companies in Canada have been charged with conspiring with others to fix the price of chocolate, authorities said. Nestle Canada and Mars Canada both said they would “vigorously defend” themselves against the claims.

Need to ship your yacht? No problem (if you have $175K)

Thu, 23 May 2013 13:52:22 GMT

It's springtime, which means it's also time for the annual migration of yachts from the Caribbean to the Mediterranean. For yacht owners who don't want to bother with the time and hassle of an ocean crossing, there's an alternative: Shipping the yacht by boat.

Royal baby to give bounce to British economy

Wed, 12 Jun 2013 13:47:57 GMT

From sales of royal baby barf bags to tourists flocking to the Tower of London, the birth of Prince William's heir is expected to produce a bouncing baby buoy for Britain's economy. With the prince's wife, the Duchess of Cambridge, due to give birth next month, Britons are considering how to best mark the moment.

Coke nixes marketing to kids under 12 globally

Wed, 8 May 2013 16:47:50 GMT

Coca-Cola says it will make lower-calorie options and clear calorie labeling more widely available around the world, intensifying a push against critics who say its drinks pack on the pounds.

Chinese purchase of Smithfield unlikely to sway bacon buyers

Thu, 30 May 2013 20:36:30 GMT

Do Americans care who is makin' their bacon? The proposed $4.7 billion acquisition of U.S. pork producer Smithfield Foods by China's Shuanghui International may elicit an emotional reaction from Americans but history shows they are unlikely to change their eating habits, food experts said.

US isn't respecting meat labeling rules, Mexico says

Wed, 22 May 2013 00:06:12 GMT

The U.S. is not respecting a World Trade Organization (WTO) ruling on meat labeling, Mexico's Agriculture Minister Enrique Martinez said on Tuesday, saying it was hurting local industry.

French president's wine to be sold - to buy more wine

Wed, 29 May 2013 23:01:39 GMT

In headier times, some of these wines were served at dinner for French presidents and their guests. In today's times of austerity, the Elysee Palace is selling these vintage bottles.

China boosts US investment to all-time high

Wed, 22 May 2013 15:10:24 GMT

Although all the news about Chinese investment in the U.S. has focused on the deals that don't get done, it is at an all-time high.

Baijiu on the rocks? Chinese liquor may sell in West

Sun, 2 Jun 2013 14:45:23 GMT

Move over tequila, here comes Chinese firewater. Baijiu, a flammable, pungent white liquor averaging a 110-proof wallop, is the world's most consumed spirit, but for the first time distillers are looking to develop export markets.

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