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Daily Archives: November 3, 2014

Teachers’ Salaries to Increase in Georgia in 2015

Since 2015 a basic salary of teachers will increase by GEL 50 in Georgia, a salary of teachers of high category –  by GEL 200.  Minister of Finance of Georgia Nodar Khaduri states. According to him, an increase is provided by the draft budget for the next year. “Salaries of teachers …

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New ferry line to open across Caspian Sea

A ferry service will be opened across the Caspian Sea between the ports of Turkmenbashi (Turkmenistan) and Olya (Russia), press service of governor of Russia’s Astrakhan province said. “The opening of the Turkmenbashi- Olya ferry route will become the promising element of the work. This will give impetus to the …

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German manufacturing PMI moves back into expansion territory

Germany Manufacturing Purchasing Managers’ Index (PMI) rose to 51.4 in October from September’s 15-month low of 49.9. That said, the rate of improvement in operating conditions was modest overall and well below levels seen at the beginning of the year.  The headline index reading followed an earlier flash estimate of …

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Sony reports a quarterly loss of $1.2bn sony products

The loss, which was attributed to its struggling mobile phone business, was not as great as analysts had expected. In September the firm warned its annual loss might be more than four times bigger than initially forecast. The firm said it now expects a full-year loss of 230bn yen, compared …

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HSBC sets aside $378m in currency probe

HSBC is among several banks being investigated over the alleged rigging of currency markets. The bank also set aside $589m (£368.2m) for potential further PPI insurance mis-selling claims. “Despite the rising regulatory expectations, I am confident our business model remains sustainable,” said HSBC boss Stuart Gulliver. HSBC disclosed the figures …

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Richard Branson’s ego, PR spin and a disaster waiting to happen

Richard Branson has not yet publicly announced whether he will attend the funeral of Michael Alsbury, the 39-year-old test pilot killed when the spacecraft Virgin Galactic exploded over the Mojave Desert last Friday. Since the question now being asked is whether Branson’s determination to send tourists into space may have …

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