Finance & Economics | WPN World People News

Boeing today announced that the company's Vigilare network centric command and control system (NC3S) developed for the Commonwealth of Australia has completed site acceptance testing at the Eastern Regional Operations Centre (EROC) at Royal Australian Air Force (RAAF) Base Williamtown.

An employee counts bundles of Thai bahts at Krung Thai Bank in Bangkok in October. A tidal wave of money is pouring into Asia and driving up regional currencies.

Insurers have been inundated with requests for cover from rich individuals, oil traders and multinationals in North Africa and the Middle East amid fears that civil unrest will spread further.

Tunisians wait outside a bakery to buy bread in Tunis earlier this month.

Smartphones are several years old yet mobile payment systems are still in the horse and buggy stage. Paypal, which is about the closest thing to a universal payment system, is still relatively clunky and few people use it on a regular basis. Other attempts at m-payment systems have come and gone.

As part of a transition announced last year, Boeing today confirmed it will deliver 13 C-17 Globemaster III airlifters in 2011 as the company moves to a new production rate of 10 C-17s per year by reducing approximately 1,100 jobs through the end of 2012. The company delivered 14 C-17s in 2010.

Yemen is a net-food-importing country with an import dependency for 90% of its overall domestic wheat and 100% of its rice requirements, the country's two main staples. As such, Yemen's population suffered considerably during the 2007-2008 food price crisis. Although prices have decreased since the peak, they remain well above pre-crisis levels, continuing to erode the purchasing power of already poor households. The functioning of markets and the behaviour of traders play a pivotal role in ensuring household food security.

Economists have a positive outlook for the new year.

An Irvine man pleaded not guilty this afternoon after surrendering this morning to special agents with the FBI in an investment scheme case that allegedly involved losses totaling $2.4 million.