According to a regulatory filing by shareholder Yahoo, which holds a 24 percent stake in the company, Alibaba’s net profits for the three months to December 2012 rose to $642 million from $237 million the previous year. Meanwhile revenues were more than 80 percent higher during the same time period.

 

Anyone with an eye on the travel industry will see that there has been a lot of activity around Air Mauritius in the last year and that it has begun to make ripples that will get it noticed even by its biggest competitors. The fact is that Air Mauritius is not simply a regional airline but one that flies each week to four continents and is punching way above its weight in the global industry.

The MTConnect standard facilitates data collection vital for meaningful analysis of machine tool behavior. In 2007, a group at the Association for Manufacturing Technology (AMT) led by Paul Warndorf realized the need for a comprehensive standard to address the inability to collect data from manufacturing equipment. That was six years ago and various machine tool builders and controller manufacturers functioned as islands of automation, requiring proprietary methods to access their data.

Costing $1.3 billion to build, the news of the plant approval is a major boost for GM, coming at a time when it has expressed its interest to increase its share of the luxury car market in China. Currently dominated by Audi and BMW, this market has been steadily growing in recent years as people’s income levels have increased.

The two companies first entered into a strategic alliance in August 2012 with the stated aim being to acquire such projects in Brazil.

Under the first stage of the MoUs, the alliance will spend some $4 million on exploration, with BC Iron noting that the expenditure for each following stage would be dependent on the success of the preceding work to delineate economic mineralisation.

Regions such as Latin America, the Middle East and China were singled out by the International Air Transport Association (Iata) for their robust expansion at a time when developed markets had seen relatively little growth.

Iata's director general, Tony Tyler said in a statement: "Strong demand for air travel is consistent with improving business conditions. Performance, however, has been uneven. Mature markets are seeing relatively little growth, while emerging markets continue to show a robust expansion."

Having beaten off France’s Total to the deal, Shell will now work with ADNOC to develop the Bab field. The project in question, which could be worth up to $10 billion over the course of its lifetime, is considered to be a particularly complex undertaking as it contains sour gas, a poisonous and foul smelling product.