Business Pivot Point

There is a growth which is above 7and a balance investment which is seen in some Asian countries. India along with other Asian countries can be able to prove itself in the global economic recovery. When some of the major economies of the world are faltering some Asian countries have become the driving force. But as for now just Asia cannot be looking after the Growth as it has some slide down growth even.

There is an unrelenting debt woes from countries like Europe side and lower economic growth witnessed. In the economic prospective while some developed countries are slowing slow growth developing countries have growth rate of 7%. There is growth rate which is satisfied in developing countries and some internal issues still persist. There are certain issues developing countries need to take on its own but when these are solved there is a good opportunity for further growth.

The impact of the economic crisis have been found all around in all most all the countries may be due to the exports and imports. The Asian crisis was over in the year 1997but none of the Europe and American markets were affected. But at present the crisis has been started in the developed nations and all the global economies are interlinked. Since the whole world is interdependent the crisis have affected everyone but we can see there has been stability in Asian countries.

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On Monday the west had used the meeting of Afghanistan to show the signal for an enduring support for Kabul as allied troops return home. bIn-spite of all these the economic turbulence in Europe and crisis with Pakistan and Iran has raised doubts about the resolve of western. The main aim is to leave behind the Afghan government which is Strong enough to escape the Soviet era predecessor and had collapsed during 1992. The allies of Afghan has been preparing over the increased scenario and hence one can expect no peace settlement with the Taliban.

By the year 2014 all the troops which are in Afghanistan will be combat Afghanistan and the government needs to manage all the problems. However US has decided to stay during the course in Afghanistan stated Hillary Clinton help Afghanistan take up some decisions though they are hard. Afghanistan will be in pressure and needs to lose more if it becomes the place for terrorism and instability she stated during the conference. A clear message has been sent to the people of Afghanistan that the country will not be left alone due to the spread of terrorism across Afghanistan.

These messages were spoken during the conference Kabul was being criticised due to its corrupt and ineffectiveness and because Pakistan did not attend meeting. The meeting was boycotted by Pakistan as recently the NATO aircraft had killed 24 soldiers who were in border of Afghanistan on November 26. Foreign minster of India S.M.Krishna has taken up the pledge to the investment in a country which has ample opportunities in wealth and trade. The first country which has come into a strategic partnership agreement with Afghanistan is India which has caused a lot of pressure on Pakistan

According to a source Sony Corp has been in talks with Erickson to buy out the stake in the joint venture. The buyout by Sony and Erickson is to catch up with other rivals in the phone venture in the mobile field. The agreement will help Sony to reoccupy the ground in battle from rivals like Apple Inc and Sam-sung electronics. Sony has been hampered due to the disparate offerings got through the mobile gadgets and the online content. Under the Sony brand Tablets,consumer electronics and games devices have being offered while mobile comes under Sony Erickson.

For weeks Sony and Telefon AB LM Erickson have been under talks over the joint venture which will be 50:50 deal. The present month both companies will be re3newing the 10 year old pact according to the sources from industry. According to source on Friday Sony has been discussing about the buyout but yet the talks has not been shown public-ally. The deal would be about $1.3 billion and the agreement will help both about the telecoms patents of Erickson.

Till now the network services and products of Sony has been separate and both by unifying them is a positive approach. On thursday the talks between the two companies are ongoing and could come out anytime says Wall Street journal. The joint venture has been having a long term commitment with both the companies Sony and Erickson stated a spokesman. In-spite of all these both the companies Sony and Erickson has declined for any comment who is a spokesman from Sony.

The oil market has shown a fair strength while the future prices have been lagging in-spite of the worries of slowdown. The impact of slowdown on the demand of physical market which has been showing a remarkable strength in terms of oil. The demand of oil is due to the tightness and signals of supply needed from countries in Asia and from Middle East. The cost of crude oil in Oman -Dubai has surged effectively for the later delivery on the year and ahead of 2012.

The slope downward known as the backwardation can be taken as for the immediate tightness says one of the reports. The premium charges on the other hand Saudi Arabia charges to refineries in Asia main crude stream has been high all the time. The way to weakness in oil market is less says veteran oil watcher Edward Morse from New York from the index noticed. The Oman Dubai backwardation during the first and second month has shown the physical tightness and may further increase.

The seasonal peak in oil demand has been seen in Asian countries and in Middle East while the Backwardation is strong. The demand for oil will increase and according to the estimates given by International Energy Agency for the year 2012. This year the estimates given by Western countries that the oil consumption in Asian market will grow by 915,000 barrels for a day. Global oil demand will be estimated to grow by 1.04m b/d while in Middle east it is about 226,000 barrels for a day.

The defense contractor of Europe BAE is planning to cut 3000 jobs for the present year and in Britain. The reason behind cutting so many jobs is due to the global budget defense which has hit the order for its fighter jets. Further the cutting of jobs will support in buying new fighter jets into the defense system of Britain. The four partner nations in the program-me called as the Euro-fighter Typhoon program-me was announced by BAE.

The four nations will include UK,Germany,Italy and Spain and have been showing low production rate at present. The slow production rate is due to the budget rates which has affected the workload in many of the places.The BAE is one of the major contractors in US has announced the production is weakened over one of the fighter flight. The largest contractors is busy preparing a fighter flight called as the 35 Joint Strike Fighter Jet. The 35 Joint Strike Fighter Jet is a US program-me which has been lead by a person called as Lockheed Martin.

The tailplane of the Joint Strike Fighter Jet is prepared by BAE and has been under pressure to complete the project. The pressure is faced by the US defense budget and there is some of the top level program-me changes in the production. The production rates has been going slowly ad has been impacting the workload hence job cutting is happening.

There has been super human efforts taken up by Greece to bring down the debt reported the Prime minister George Papandreou. On Tuesday as the prime minister prepared to meet the German chancellor Angela Merkel over the crunch talks spoke about the crisis of euro zone. The Greece critics was hit by the Papandreou dialogue stating the single out Athens for the punishment and the scorn for constructive reasons. Further the prime minster addressed a conference which was organized by the German employer Federation BDI during which he spoke about the punishment and scorn. The crisis will not turn itself into a opportunity but it a a lost as people feel it as a punishment stated the prime minster Papandreou.

But even those all these happen the people are determined to make it into success and the situation is quite frustrating at many levels. The Greece is addressed as Pillorying Greece and superhuman effort is made to meet the difficult targets during the deep recession. The Greeks have been taken up painful sacrifices and bought in many changes though difficult in order to bring in changes for the country. The respect for the fact is needed and the changes may take years to happen-describing the condition of the people quoted the prime minster.

The financing minster Evangelos Venizelos during the Athens meeting has stated that it is ridiculous to say that European countries will hgt into bankruptcy. At present the Greek authorities will need about eight million euro to pay the bills even in-spite of the unrest growing over the Greece default crisis. The Greece may further announce the privatization of its deals within the week as the pressure of the creditors are making it tough to meet the targets of fiscal.

NASA astronauts about two in number has ventured out side of the International Space station during Monday. The main reason for venturing the orbital outpost for the life as US may retire from the fleet. The two astronauts who ventured into the space walk where Astronauts Stephen Bowen and Alvin Drew. The two Astronauts Stephen and Alvin after the space venture arrived back to the space station on Saturday.

On Saturday both the Astronauts reached the aboard of the Shuttle Discovery as they returned back to the airlock of the station. At the Air lock the two Astronauts Stephen and Alvin had spent about six and half hours in the space. The exterior was being prepared by both the Astronauts Bowen and Drew and to receive the final module of storage. The final storage module was done at the Discovery and carried out into the orbit and it had blasted off. The blast happened on Thursday and in the Kennedy Space Center situated in Florida when it conducted its 39th mission.

A sample of the space vacuum was trapped by Drew in the metal canister for the space agency in Japan. Soon the Message In A Bottle will be available for museum goers around the world as the spacewalk went excellently. But one mistake happened to be on the technical glitch over the robotic arms of the station forced the astronauts to re track. The 30-shuttle program will be ended by NASA within a period of six months and final months will be made by Sister ships and Atlantis.

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Pakistan has again started back the unmanned drones attacks by CIA against many forces of the country. The resume of drone attacks is operated by CIA as it is under covert campaign against Al-Qaeda and Taliban. Both AL-Qaeda and Taliban are operatives which holed up the tribal belt which are situated in border of Afghanistan and Pakistan.

The drones where back into action during the Sunday night after they had a gap of 28 days. The unmanned drones even killed certain suspected terrorists about five people in South Waziristan. Drones had even pounded into the Taliban compound which they suspected which is near Wana and it is the 11th drone attack. The 11th drone attack this year happened in the Tribal belt and is happening since January 23.

There is being a considerable speculation which is happening inside Pakistan over the possible link. The possible link between the lull in terms of predators visitations and the stand off between US. The recent arrest of American embassy employee Raymond Davis has created some more speculation in Lahore. The Americans are causing the slowdown due to the unpopular campaign says a speculation which is anti-Americanism. The snag may be even due to the diplomatic ties due to which Pakistan is not revealing the Intelligence with CIA.