The Media Line Staff Cairo, Egypt David Rosenberg – The five countries hit hardest by turmoil of the Arab Spring will show a combined drop in economic output of about 2.3 percent this year as they struggle with unrest and its after effects, according to figures based on a forecast by the Institute for International [...]

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – London Mayor Boris Johnson warned Monday that the international standing of Britain’s capital city as an aviation and business hub could decline unless a new airport is built. Johnson proposed the construction of a new international gateway in the region southeast of the city [...]

Vittorio Hernandez – AHN News Waterloo, Ontario, Canada (AHN) – The board of directors of BlackBerry-maker Research in Motion named Thursday co-chief executives Jim Balsillie and Mike Lazaridis as co-chairmen. On the same day, RIM announced its third quarter results which featured a 40 percent rise in sales. Because of the higher-than-expected performance, RIM’s sales [...]

Kris Alingod – AHN News Contributor Herzogenaurach, Germany (AHN) – Adidas reported 25 percent growth in its third quarter profits on Thursday, beating analysts’ expectations. The German sports goods manufacturer upgraded its outlook for the full year. Net income for the period ended Sept. 30 rose to 266 million euros ($378 million), or 1.27 euros [...]

In the last few years, statutory reporting and planning have been fiercely competing for the attention of the Finance department. So far, statutory reporting seems to be winning. The legal and reputation implications of not complying with the ever-growing regulation requirements have left management with no other choice than to assign top priority status to [...]