How to Buy the Perfect Christmas Gift

Lee Coleman, managing director of concierge company Quintessentially Gifts, discusses how to purchase the perfect Christmas gift. She also reveals what sort of gifts to avoid.

Coming Soon: A Computer That Can See (& Smell) You

Bloomberg Television's Tim Chilcott reports on the computer IBM is developing that can understand the five senses.

South Korea Beats Japan as China Supplier

For today's Global Outlook Bloomberg's Mia Saini explores how the island dispute between China and Japan could be benefiting South Korea.

Diamonds From Shovel to Shop: Inside De Beers

Rough diamond prices have slumped 16% over the past year, but De Beers expects a turnaround in the coming months. Bloomberg's Olivia Sterns has been looking at the effort involved in getting diamonds from the mine to the shop.

Temple Gold Can Help India Cut Imports, Group Says

India, the world’s largest bullion buyer, should mobilize idle gold lying with its citizens to curb imports and lower a record current-account deficit, according to the All India Gems & Jewellery Trade Federation.

India Forecasts Lowest Growth in a Decade

India’s economy will grow at the slowest pace in a decade in the current fiscal year, according to forecasts by the Finance Ministry, which predicts inflation will slow enough to allow interest-rate cuts.

Asian Stocks Rise and Australia Leads Gains

Asian stocks rose to an eight-month high and crude oil advanced on signs of progress in U.S. budget talks. The yen held near a 20-month low.

World's Biggest Oil Rig Builder May Buy in China

Keppel Corp. Chief Executive Officer Choo Chiau Beng talks about buying a yard in China as the nation boosts offshore drilling and opportunities in Brazil.

Philippines Typhoon Victims

Published on Dec 16, 2012

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Samoa, Fiji begin clean-up from Cyclone Evan

Published on Dec 17, 2012

Cyclone Evan has brought devastation to the Pacific Islands of Samoa and Fiji.

Radio Australia's Geraldine Coutts has been speaking to those on the ground.

Bangladesh fashion industry faces competition

Published 15 December 2012 09:01

Bangladesh, the world's second largest garment exporter, wants to take over China's spot as number one. It has a young workforce, a minimum wage three times lower than China's, and preferential treatment under European import laws. But there are major challenges to overcome, including power shortages, poor infrastructure and an ageing sea port. Bangladesh's neighbor, Myanmar sees an opportunity in those shortcomings. It is investing in a huge new port to lure investors. Al Jazeera's Nicolas Haque reports from the district of Teknaf on the border with Myanmar.

Sudan's sinking economy raises tensions

Published 16 December 2012 06:10

According to the International Monetary Fund, Sudan has the worst performing economy in the world with inflation rates varying from 45 to 60 percent. This is causing a steep increase in the cost of living prices in the country. The Sudanese labour union has warned the government against more increases in next year's budget. Al Jazeera's Omar al-Saleh reports from the capital, Khartoum.

Salvation Army band set for Eurovision glory

Published on Dec 17, 2012

http://www.euronews.com/ Switzerland will send a Salvation Army band to next year's Eurovision Song Contest. The group Heilsarmee was picked to go to next May's event in Sweden by a public vote, after performing the rock anthem 'You and Me'. One member of the group is a 94-year-old double bass player.

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Italian multi national billion euro investment in Libya

Published on Dec 17, 2012

http://www.euronews.com/ Italy's multi national oil and gas company, Eni plans to invest six billion euros in Libya over the next ten years.

The move is designed to develop ongoing production as well as exploration activities. It will strengthen the company's grip as the leading international oil and gas producer in the country.

Eni which has operated in Libya since 1959 had to halt production early in 2011 after civil war broke out.

It currently produces about one third of Libya's total output and was the first international company to resume production in September last year.

Banking measures set to restore confidence - Draghi

Published on Dec 17, 2012

http://www.euronews.com/ The European Parliament's Economic and Monetary Affairs Committee has heard that new European Central Bank powers to oversee eurozone banks will help restore confidence.

That's the view of Mario Draghi the banks president who also told the committee that he believed the deal will help revive interbank lending.

"We end the year on a positive note with the re-launcing of the longer term vision and most recently with unanimous agreement by the ECOFIN to establish a single supervisory mechanism. This is a clear demonstration that European institutions are determined to act in a timely and decisive way to complete the European monetary union," he said.

Ministers clinched a deal last week to give the ECB oversight of around 150 of the bloc's 6,000 banks although it will have the authority to intervene in smaller banks if there are signs of trouble.

Mario Draghi also told the committee the medium term outlook for the eurozone economy remained, "challenging".

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European markets at close: 17.12.2012

Published on Dec 17, 2012

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ECONOMY 2013: China will overtake U.S. as Mary Kay’s biggest market next year (6:09)

Dec 17 - Forget about the U.S., China will overtake it as the top growth market for Mary Kay in 2013, according to the company's CEO David Holl

Stocks surge as cliff talks emerge (1:25)

Dec. 17 - Summary of business headlines: Dow climbs 100 points as Republican leader puts new offer on the table; NY Manufacturing extends contraction; Apple rating cut on competition fears; AIG shopping around Asia unit; Sprint and Clearwire shift to action from talk. Conway G. Gittens reports