BUSINESS June 15, 2011 | 5:37 PM
The oil and gas industry is a major contributor to the Australian economy with total revenue of nearly $7 billion in 2010.
Australia’s biggest export in the industry is liquefied natural gas (LNG). Australia is the 18th largest producer of natural gas in the world and the seventh largest exporter of LNG. It is also the third-largest LNG exporter in the Asia-Pacific region. Australia’s LNG industry is forecast to continue its strong growth, with exports expected to rise at an annual rate of nearly 3.5% between 2010 and 2015.Read more »
BUSINESS May 24, 2011 | 3:12 PM
As the world tries to cut down on greenhouse emissions and move away from traditional fossil fuels, the market for renewable energy is developing fast.
The world’s two fastest-growing economies, China and India, are still largely dependent on coal, but investment in green energy has become a priority. China is the largest producer of wind turbines in the world, and India is one of the leading producers of wind energy.Read more »
BUSINESS May 23, 2011 | 11:13 AM
Nanobiotechnology is an integration of biology, molecular engineering, chemistry and biotechnology, and a major area of investment in the realm of pharmaceutical and healthcare research. It is used more and more in drug development, with pharmaceutical companies and biotechnology industries driving advances in drug delivery. Skin penetration is one of the most improved areas of drug delivery.
Nanomedicine is nearing the stage where nanorobots could diagnose and treat certain illnesses, while nanosurgery promises dramatically improved and less invasive operating procedures.Read more »
BUSINESS May 16, 2011 | 10:46 AM
The ultraviolet LED is increasingly outshining the traditional mercury lamp all across the world.
More economical, environmentally friendly and with various portable application advantages, the UV LED industry is expecting an annual growth rate of more than 30% over the next five years. By 2016 it is set to top $100 million, compared to $25 million today, according to a report by market research company Yole Developpement.Read more »
BUSINESS May 9, 2011 | 11:35 AM
Coalition loyalty programs are on the rise, both in terms of the variety of programs available and the number of members signed up worldwide. In addition to the traditional airline frequent flyer programs, banks, insurers, hoteliers and consumer-facing organizations such as food services, electronics retailers and florists, are increasingly offering rewards schemes.
Today there are an estimated 650 million consumers worldwide who are members of coalition loyalty programs – 14% of the global adult population. With companies tailoring their rewards schemes to specific customers needs, that number is set to top 1 billion in 2011.Read more »
BUSINESS May 5, 2011 | 5:16 PM
In 2011, 80% of US companies counting over 100 employees will market themselves using social media. In 2008, only 42% of these businesses used social media as a promotion tool.
As social media continues to permeate every aspect of global consumer society, businesses and corporations have ramped up their marketing to the maximum.Read more »
BUSINESS May 5, 2011 | 11:45 AM
The global automotive industry is one of the biggest generators of revenue across all economic sectors. China is the single largest vehicle producer in the world. In 2010 it produced a total of 18.2 billion vehicles, including 13.9 million cars and 4.4 million commercial vehicles, according to the International Organization of Motor Vehicle Manufacturers (OICA).
With a combined total of 9.6 million units, Japan is the second-largest vehicle manufacturer and home to the biggest carmaker in the world in Toyota. Together with Nissan and Honda, they provide car parts to just about every manufacturer in the world. The aftermath of the earthquake and tsunami that hit Japan in March is continuing to disrupt production across the country, which is sending global car prices higher.Read more »
BUSINESS May 3, 2011 | 5:06 PM
The number of people accessing the internet throughout the world has risen by almost 20% since the beginning of the decade. In 2010, nearly 25% of the world’s population surfed the World Wide Web. As the online community becomes ever more mobile, that figure is expected to soar over the coming years.
Social media websites give a good indication of how the world is changing on a social and economic level. Sites like Facebook, Twitter, YouTube, LinkedIn, Wikipedia and MySpace have been at the forefront of innovation in the digital media landscape.Read more »
BUSINESS May 3, 2011 | 4:48 PM
The global media industry is made up of advertising, television and broadcasting, movies, publishing and entertainment markets. Advertising is by far the largest segment, accounting for 47% of total market value.
In 2010, the United States media industry reported the highest profits worldwide, totaling $264 billion – around 48% of total global revenue. Japan was second on the list with $98.5 billion.Read more »
BUSINESS April 28, 2011 | 9:10 AM
In the booming market of e-commerce, more focus is being placed on order fulfillment and shipping logistics as rivals compete to draw in consumers, according to market research firm yStats.com.
In the United States, retailers are increasingly trying to compete with online marketplace heavyweight Amazon.com. For example, eBay recently announced an acquisition deal for GSI Commerce, which would see the online auction and shopping giant include customer orders and distribution services – a open shot across the bows for Amazon.Read more »
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