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Interesting engineering news and general interest to get you through the week.

Business and Financial

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Business and Financial
Engineering is fun but at the end of the day you need money with which to carry out your activities.  Here we take a look at the news behind the wheeling and dealing that goes on in this industry.  Business and financial engineering news really does make the world go round.

Are developing countries better innovators?

Clipped to the Drawing Board by Dillon Smatcher  

Necessity  being the Mother of Invention --

 It's easy to dismiss fast-growing developing countries as copycat engineers, low-cost outsourcers and back-office operators.

Monday 12 November, 2007 10:05 PM
 

Hu wants to be a billionaire: China climbs rich list

Clipped to the Drawing Board by Rose Shah  

 Money, money, money - it's a rich mans world - if you can engineer the deals

THE United States has more billionaires than any other country: 415 by the last count of Forbes magazine.

No. 2, and closing fast? China

 

Monday 12 November, 2007 08:01 AM
 

Some are more equal than others

Clipped to the Drawing Board by George Tan  

 With apologies to George Orwell and Animal Farm 

German business executives are prickly about declaring their annual income in their company's annual report, arguing disingenuously that it promotes envy in the country's notoriously egalitarian society.


 

Monday 12 November, 2007 02:06 AM
 

Protect people's jobs

Clipped to the Drawing Board by Yan Chu  

It was reported that some 7,000 employees of Huawei Technologies Co were required to resign from and then re-apply for their jobs. This has stirred some controversy in recent weeks.

Huawei Technologies Co. Ltd . is located in Shenzhen, Guangdong, People's Republic of China and is one of the world’s leading networking, engineering  and telecommunications equipment suppliers.

 

Sunday 11 November, 2007 02:04 PM
 

Ford's Shrinking Losses Play Up Mulally's Progress

Clipped to the Drawing Board by Barot Casha  

Fords better-than-expected third-quarter performance shows its new CEO has the carmaker on the right track

and it also announces that it will keep the Volvo business.   

Saturday 10 November, 2007 06:07 AM
 

What's the Real Threat To U.S. Manufacturing from China?

Clipped to the Drawing Board by jackson Browne  

 To clearly understand the competition between the engineering and manufacturing sector in the U.S and in China , we need to look at some basic facts.


 

Saturday 10 November, 2007 12:04 AM
 

Small-town India joins big IT race

Clipped to the Drawing Board by David Singh  

 As the pressures build, so the net for engineers and technical personnel is cast wider afield

Tirunelveli and Trichy, Durgapur and Dankuni hardly trip off the tongue of most Indian IT professionals living in the established hot spots of the information technology industry. 

Friday 9 November, 2007 06:03 PM
 

China bar in strategic energy, mining

Clipped to the Drawing Board by Rose Shah  

CHINA yesterday closed its doors to overseas investment in a range of areas, including most engineering, mining and refining and all ethanol and biodiesel plants.  

Plus introducing Limits on Foreign Investment 

Friday 9 November, 2007 04:10 AM
 

Life after China

Clipped to the Drawing Board by Dave Ellery  

 An interesting New Zealand perspective of the Chinese mass production onslaught. With apologies to Mark Twain

Reports of the death of production engineering at the hands of China have been much exaggerated. The China syndrome shows all the signs of being much softer than the onslaught from Japan that lasted from the mid 1960s until it began faltering in quite recent times.

 

Thursday 8 November, 2007 08:05 PM
 

PetroChina: the most valuable company

Clipped to the Drawing Board by Dillon Smatcher  

 AS engineers continue with exploration, looking for new fields of black gold - 

PETROCHINA became the world's largest company by market value today, overtaking US giant ExxonMobil as shares in Asia¿s top oil and gas producer surged by 191 per cent.

 

Tuesday 6 November, 2007 08:03 AM
 

Visy, Pratt fined $36m over price-fixing

Clipped to the Drawing Board by Adam Crighton  

 Hard to think that anyone would engineer a agreement like this - I'm sure that it was a simple misunderstanding

Billionaire Richard Pratt and his Visy group of companies have been fined a record $36 million for colluding in a price fixing deal with their arch rival in Australia's cardboard industry.

Sunday 4 November, 2007 04:09 PM
 

Chinese cheap labour drying up

Clipped to the Drawing Board by Rose Shah  

 So if you are still thinking about getting your products made in China,  read this and weep - and the Chinese know that it was never "for ever" which is why they are investing so heavily in technology and engineering - preparing for the day when .......

CHINA'S seemingly bottomless pool of cheap peasant labour will soon be dry, according to research by China's leading labour market analyst.

 

Sunday 4 November, 2007 02:04 PM
 

Brazil's Trade Surplus Grows to $34 Billion

Clipped to the Drawing Board by Yan Chu  

 When my baby kisses me I go to Rio - a lot of kisses to keep the surplus kicking along 

Brazil's trade volumes hit new records last month, helping to push this year's trade surplus to $34.38 billion, nearly 10% higher than for the same 10-month period last year, official figures showed Nov. 1.

 

Saturday 3 November, 2007 06:05 PM
 

China to Build First Foreign Industrial Zone in Egypt

Clipped to the Drawing Board by Yan Chu  

 The business of business is business and the Chinese are engineering themselves into long term positions

This new zone will serve as a hub in the region for Chinese manufacturers looking to move closer to markets throughout the Middle East and Africa.

 

Saturday 3 November, 2007 02:06 AM
 

U.S. regains status as the world's most competitive economy

Clipped to the Drawing Board by Peter Wu  

 Despite the doom and gloom - there are some areas of hope !!! and a top spot is a top spot - I'm sure that engineering excellence is in there somewhere 

GENEVA: The United States has regained its status as the world's most competitive economy thanks to strong innovation and excellent universities, according to a survey released Wednesday by the World Economic Forum.

 

Friday 2 November, 2007 02:12 PM
 

Dollar weakness not a storm in a tasse de thé

Clipped to the Drawing Board by jackson Browne  

 It all goes around but goods and services and engineering are fundamental - the economists can theorise but the basics go on,  and on  and on --- we've all got to live

When it comes to analysing this summer's financial squeeze , attention has tended to focus on America and the UK.

 

Friday 2 November, 2007 06:04 AM
 

Bayer Fined $3.8 Million by Canadian Government in Probe of Price-Fixing

Clipped to the Drawing Board by Ali Hamoud  

 Maybe just an honest misunderstanding ------

Bayer AG , Germany's largest drugmaker, was fined C$3.65 million by Canada after pleading guilty to price-fixing conspiracies involving its rubber and chemicals business, the Canadian Competition Bureau said.

 

Thursday 1 November, 2007 02:09 PM
 

US$37b export deals sealed at Canton Fair

Clipped to the Drawing Board by Peter Wu  

 Engineered mechanical and electrical products dominated at

 the 102nd session of the China Import and Export Fair (Canton Fair) concluded yesterday, with export deals reaching US$37.45 billion.

and that's some serious business deals 

Thursday 1 November, 2007 04:01 AM
 

Workers at Chrysler Approve Contract

Clipped to the Drawing Board by Administrator  

Members of the United Automobile Workers union narrowly approved a four-year contract with Chrysler, the union this Saturday, clearing the way for talks to move forward at the Ford Motor Company.

 

 

Wednesday 31 October, 2007 10:12 AM
 

European steelmakers seeking anti-dumping action on Chinese imports

Clipped to the Drawing Board by John William  

 As each party tries to engineer itself into a winning position -  "steel" yourselves for some verbal battles as the politicians try and "iron" out this one

BRUSSELS (AFP) - European steelmakers called on Monday for EU anti-dumping action against imports from China, Taiwan and South Korea, which they claim are flooding the European market at unfair prices and seek tariffs on China imports

Tuesday 30 October, 2007 08:04 PM
 

Brussels and US deal will bring huge expansion in biodiesel

Clipped to the Drawing Board by Dave Ellery  

A  move away from fossil - this will get the engineers active in developing new applications for the subtle differences this fuel brings -----

The EU and America are expected to agree early next month international standards for trading biofuels that could see a huge expansion in the global market for alternative sources of power such as jatropha, senior US diplomats said.

 

Tuesday 30 October, 2007 02:03 AM
 
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"A good scientist is a person with original ideas. A good engineer is a person who makes a design that works with as few original ideas as possible" - Freeman Dyson