Canada’s Finning International Inc, the world’s biggest dealer of Caterpillar Inc equipment, posted a lower-than-expected quarterly profit and said it would cut more jobs.
The company, which cut 13 per cent of its global work force last year, said it would cut another 400-500 jobs by mid-2016.
Finning had about 14,500 employees as of Dec. 31, 2014.
Shares of the Vancouver-based company were down 7.4 per cent at $17.29 in early trade.
Caterpillar, the world’s largest maker of construction and mining equipment, has been hit by weak mining, drilling and construction activity around the world.
Finning in November shut 11 facilities in Western Canada, in addition to previously announced 16 closures, to cut costs.
Read more » The Globe And Mail
See more » http://www.theglobeandmail.com/report-on-business/finning-swings-to-loss-to-cut-400-500-more-jobs/article28794252/
By Henry Meyer, Stepan Kravchenko
Russia has promised to protect Kurdish fighters in Syria in case of a ground offensive by Turkey, a move that would lead to a “big war,” the Syrian group’s envoy to Moscow said in an interview on Wednesday.
“We take this threat very seriously because the ruling party in Turkey is a party of war,” Rodi Osman, head of the Syrian Kurds’ newly-opened representative office said in Kurdish via a Russian interpreter. “Russia will respond if there is an invasion. This isn’t only about the Kurds, they will defend the territorial sovereignty of Syria.”
Read more » Bloomberg
See more » http://www.bloomberg.com/news/articles/2016-02-18/kurds-warn-turkey-of-big-war-with-russia-if-troops-enter-syria
Google Translate introduces 13 new languages including Scots Gaelic and Sindhi
Read more » BBC
See more » http://www.bbc.co.uk/newsbeat/article/35602377/google-translate-introduces-13-new-languages-including-scots-gaelic-and-sindhi
ISLAMABAD: South Korea wants to improve trade ties with Pakistan and the establishment of an IT park in Islamabad is a step towards doing so, South Korean Ambassador Dr Song Jong-Hwan said at a gathering at the Islamabad Chamber of Commerce and Industry (ICCI).
South Korea will establish one of the biggest and most advanced IT parks in Islamabad in an area of about one million square feet.
The Exim Bank of Korea has agreed to provide $50 million for the establishment of the park and South Korean teams are expected to conduct a feasibility study with assistance from the Ministry of IT and Pakistan Software Exports Board (PSEB).
It is expected that the IT park will attract international companies to develop software and hardware solutions and will also help boost the country’s IT exports.
“Establishing the park will promote small and medium enterprises as well,” Dr Song said.
Read more » DAWN
See more » http://www.dawn.com/news/1240330/
Now you can chat with people from Ethiopia and Kyrgyzstan.
By Mariella Moon
Google Translate could help connect even more people now that it’s added13 more languages to its roster. Those 13 are Amharic (Ethiopia), Corsican (Corsica island in France), Frisian (Denmark, Germany and the Netherlands), Kyrgyz (Kyrgyzstan), Hawaiian, Kurdish/Kurmanji (Turkey, Iran, Iraq and Syria), Luxembourgish, Samoan, Scots Gaelic, Shona (Zimbabwe), Sindhi (Pakistan), Pashto (Afghanistan) and Xhosa (South Africa). Google says all of Translate’s 103 available languages cover 99 percent of the online population.
Read more » Engadget
See more » http://www.engadget.com/2016/02/18/google-translate-adds-13-languages/