BAE Systems of UK has disclosed it is in talks over a multi-billion-pound arms contract with Saudi Arabia. The announcement by the defence, aerospace and electronics giant will stoke controversy over weapons sales to the Arab kingdom. However, it will hold out a lifeline to aircraft factories in the North West.CENTRAL ASIA
Kazakhstan plans to launch first junk car recycling plant in six months. Kazakhstan plans to launch at least three junk car recycling plants with capacity of about 10 to 15 cars per year. The plants will be located in close proximity to large cities of Kazakhstan, such as Astana, Karaganda, Almaty and Shymkent. In the future, the capacities will be expanded.SOUTH ASIA
While India may be known for its oppressive pollution, poverty and bureaucracy, itís a better place to be sent to work than China or even the United States according to a recent survey.SOUTHEAST ASIA
Facebook Inc launched a stripped down version of its popular Messenger app for emerging markets as it seeks to expand its international footprint. Messenger Lite, which uses less data and is designed to work in areas with slower internet connections, will roll out in Malaysia, Sri Lanka, Kenya, Tunisia and Venezuela. Facebook said it will expand to other countries in the coming months.Facebook has largely saturated Western markets, including North America and Europe, and has set its sights on developing countries, in part by rolling out ”lite” versions of its main Facebook app and now Messenger, which have fewer capabilities than the main apps.
Despite a broad economic slowdown in the region, itís getting more expensive to be rich in Asia. Just how expensive? Cigars cost 7.6% more this year than last while the price of ladies shoes has risen 4.9% and golf club memberships by 4%, according to a report from Swiss private bank .
State and territory ministers will consider uniform renewable energy targets and a formal review of the national power market at an emergency meeting in the aftermath of the South Australian blackout.