Archive for the ‘Business’ Category

Can Oil Rescue Guyana from the Brink of Calamity?

Can Oil Rescue Guyana from the Brink of Calamity?

Scott B. MacDonald  – February 7, 2017 – http://nationalinterest.org

oil-rigNot if Venezuela has anything to say about it.

Guyana is one of the poorest countries in the Western Hemisphere, with a small population of fewer than one million people. Most of its population hugs the Atlantic coast. Despite a wealth of natural resources, Guyana’s location on the relatively remote northeast shoulder of South America, political dysfunction until the 1990s, and a longstanding border dispute with neighboring Venezuela have left the country in challenged economic straits. The recent discovery of a large offshore track of oil could change this, but also opens the door to new tensions with Venezuela, and could make Guyana one of the Caribbean’s hot spots in 2017.

In early January two major oil companies, Exxon Mobil and Hess, announced that they had successfully drilled a deepwater exploration well that strongly suggests that the seafloor beneath Guyana’s coastal waters contains one of the largest oil and natural-gas discoveries in recent years. Continue reading

Nigerian officials row over ‘plastic rice’ – BBC News

Nigerian officials row over ‘plastic rice’

 Nigeria’s food safety agency has denied claims by the health minister that it has cleared the reported “plastic” rice.

A senior official at the National Agency For Food and Drugs (Nafdac) said the minister’s Twitter statement “is not their position”.

Health Minister Isaac Adewole had tweeted that tests by the agency found “no evidence” of plastic material.

About 2.5 tonnes of the “plastic” rice has been confiscated.

Rice is Nigeria’s staple food and it is a tradition for people to give bags of rice as a gift during the Christmas period.

Africa Live: More on this and other stories

Lagos customs chief Haruna Mamudu said on Wednesday the fake rice was intended to be sold during the festive season but has not commented on the health minister’s statement.

The official at Nafdac told the BBC’s Stephanie Hegarty that the tests were still ongoing:

“We are not done with comprehensive tests. We are still in the laboratory. We haven’t concluded analysis and it is not something we can conclude in two days.”

“We are yet to conclude the chemical and biological analysis,” he added.

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Panties And Personality: What Your Underwear Choice Says About You – Gigi Engle in Elite Daily

Panties And Personality: What Your Underwear Choice Says About You – Gigi Engle in Elite Daily

pantiesUnderwear is a secret a girl has with only herself, and the guy she’s sleeping with. It’s like a secret identity she hides under her clothes, a part of her feminine mystique she keeps tucked away from the eyes of the general public. It’s a part of a woman that belongs to her alone.

A lady’s choice of panties has a lot to do with her style. You might be able to guess what kind of underwear she’s got on under a pencil skirt or maxi dress. Or maybe she isn’t wearing anything at all? What a woman chooses to don under her outer garments also says a lot about her personality. Whether she prefers comfort to sexy or cotton to lace, every girl’s panty preference gives a lot of insight into the woman she is.    Continue reading

Lavish wedding angers cash-strapped Indians

Lavish wedding angers cash-strapped Indians

  • 15 November 2016 – From the section India – BBC News
Mr Reddy (left) with his daughter and other family membersImage copyrightJANARDHANA REDDY FAMILY
Image captionJanardhana Reddy (left) with his daughter and other family members

The lavish wedding of the daughter of an Indian politician has sparked outrage as millions across the country are in the midst of a cashflow crisis.

The five-day wedding of businessman and ex-state minister G Janardhana Reddy’s daughter, Brahmani, is estimated to cost about 5bn rupees ($74m; £59m).

But with gold-plated invitations and Bollywood stars expected to perform, the nuptials have proved controversial.

Critics have described it as an “obscene display of wealth”.

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NZ: Fonterra blindsided as nineteen arrested in China over milk powder scam

New Zealand- fonterraFonterra blindsided as nineteen arrested in China over milk powder scam

Fonterra says it does not know if anyone has fallen ill from consuming its expired milk powder, as the NZ dairy giant tries to come to terms with the latest scandal to engulf the Chinese food industry.

Chinese police on Monday (NZT) arrested 19 people in Shanghai for selling about 300 tonnes of expired Fonterra milk powder, Shanghai Daily reported.

The suspects were allegedly managing a company, which was packaging expired products of the New Zealand dairy company – one of the most popular brands in China – into smaller packages for resale below market prices, according to media reports.

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MARTI….NIS FORMER GM TO BE FUNERALISED THURSDAY 25 AUGUST, 2016

MARTI….NIS FORMER GM TO BE FUNERALISED THURSDAY 25 AUGUST, 2016

By Waltie Ainsworth

Patrickmartinborough

Patrick Martinborough

Approximately a fortnight ago the children of the late Patrick Martinborough discovered him motionless in bed.  In closer examination they discovered he was dead and sounded the alarm which rebounded all over Guyana and every other community where staff, clients and beneficiaries of Guyana’s Experiment into social security.

Marti as he was familiarly called was 72, retired and became an authentic author on matters of socio economic value in the local community. He will be funeralised on Thursday August 25th, 2pm at the Central Assembly Seven Day Adventist Church, at Church and Oronoque street in Georgetown Guyana.   Continue reading

West Indian cricket – Why The Economist failed to predict a stunning victory

West Indian cricket – Why The Economist failed to predict a stunning victory

Apr 9th 2016 | KOLKATA | The Economist Magazine

West Indian cricket logoWRITING about West Indian cricket last year, The Economist tried to explain “why a dazzling team has faded”. On April 3rd in Kolkata, the West Indian men’s and women’s teams both dazzled by winning the Twenty20 (T20) championships. We feel nearly as sheepish as the bookmakers who put the odds of that happening at 150 to one.

Caribbean players excel at T20 cricket, a three-hour version of the game in which each side bowls 20 overs (six ball-tosses towards the batsman). When they come together every few years for international T20 tournaments they do well; the men won a world championship in 2012. Where they fall short is in one-day international (ODI) and five-day Test matches. In fact, those failures are one reason for the West Indies’ T20 success. Continue reading