Swiss Voters Approve Limits on ‘Fat Cat’ Executive Pay

Swiss voters approved some of the world’s toughest limits on executives’ pay in a referendum, a move critics say could make Switzerland less attractive to multinational corporations.

Top five Indian IT services companies grew 23.8%, even as global IT market grew 7.7%: Gartner

NEW DELHI: Even as the global IT spending is in single digits, Indian IT players are clocking healthy double digit growth.

What Constitutes Sustainable Tea?

A battle between Unilever and an Amsterdam-based non-governmental group over the rights of workers on tea plantations in India and Kenya shows the difficulties facing multinational companies that are trying to ensure their products are ethically produced.nilever, which makes the popular Brooke Bond and Lipton brands, has committed to sourcing all its tea sustainably by 2020.

Chinese firms gain ground

Many multinational corporations believe their Chinese rivals will pose an increased threat due to improving brand recognition levels, wider product portfolios and stronger marketing capabilities.

Trade body the European Chamber, representing 1,600 regional firms active in China, worked with consultancy Roland Burger to survey 598 of its members. In all, 79% of featured organisations agreed the outlook for their category in China should remain positive over the next two years.

British Baptists urge end to tax-dodging by multinational corporations

An annual assembly of British Baptists called on the government to crack down on strategies used by multinational corporations to avoid paying taxes in the Third World.

While not illegal, a Baptist Union of Great Britain resolution said that tax-avoidance strategies cost developing countries about $160 billion in lost tax income that could help them build financial sustainability.

Corporate tax reform - lower rates, close loopholes

Tax the rich!

This rallying cry has long been a popular, populist solution to the national economic crisis except, as a new report suggests, it doesn't work, especially when applied to multinational corporations.

New Report Showcases Growth of African Multinational Corporations

The Initiative for Global Development in conjunction with Dalberg Global Development Advisors today released a groundbreaking report detailing how homegrown multinational corporations (MNCs) have expanded and flourished throughout Sub-Saharan Africa—despite an historic economic downturn in developed countries and slow growth in other emerging markets. The report, Pioneers on the Frontier: Sub-Saharan Africa’s Multinational Corporations, is the first of its kind to look at homegrown Sub-Saharan African MNCs and highlight steps taken by CEOs at some of the top companies to expand their businesses across the continent and beyond, while contributing to the development of the communities in which they operate.

Rise of affluent middle class in India attracting upscale restaurants

Restaurateurs of upmarket and franchise chains are increasingly turning towards southeast Asia where the economy in India is growing at a breakneck pace.

And the brands that are eyeing the Indian market aren't just multinational corporations but trendy, fine dining establishments, points out a story in The Times of India.

Chief Executive visits multinational corporations

The Chief Executive, Mr Donald Tsang, visited two multinational corporations today ( April 27 ) to keep abreast of their businesses in Hong Kong and the job opportunities they bring to young people.

The tour started with Microsoft Hong Kong Limited in Cyberport. Accompanied by the Director-General of Invest Hong Kong, Mr Simon Galpin, the Chief Executive was briefed on the company's operations as well as the latest technological trends including cloud computing technology.

DTI eyes R40bn from multinationals

The department of trade & industry believes it can generate as much as R40bn of investment into the country through “equity equivalence” deals involving multinational corporations that operate in SA.

Trade & industry revealed the ambitious plan at the unveiling of the first phase of Microsoft’s R475m equity equivalence empowerment deal on Tuesday.

Firms blame high tariffs, lack of tech'l skills for low R&D investments

Local companies consider the high cost of equipment and technology and the lack of skilled manpower as major obstacles to investments into research and development (R&D), a government think-tank said.

The Philippine Institute of Development Studies (PIDS), in a policy paper, said major constraints for home-grown companies and multinational corporations (MNCs) are "high tariffs" and the "lack of tax breaks," as well as the absence of technical manpower especially in the fields of engineering and science and technology.

Survey: Multinational corporations want better communications with managed service providers

Managed service providers have room to improve on their relationships with multinational customers, a survey of multinational corporations conducted by Virtela, an MSP with an international focus. Only one in five respondents gave its MSP high marks.

Better communications with customers could go a long way toward improving those results, the survey suggests. Nearly a quarter (24%) of respondents said MSPs should have a better understanding of their requirements, 29% said MSPs could improve satisfaction through more proactive notification of problems, and 24% said MSPs should provide more timely communication of status and issues.