Keynote speakers, eco-warriors and Canadian speed merchants feature in our latest round up of the procurement sector...
The amount former England manager Sam Allardyce requested to give an unspecified number of speeches as a “keynote speaker” in a meeting with (or so he believed) businessmen from the Far East. They proved to be Daily Telegraph reporters in disguise. Their account of the meeting – and other remarks made during the conversation – led to Allardyce leaving his £3m a year job as England boss after 67 days, the shortest such reign on record.
The growth in world trade in 2017, as forecast by the World Trade Organization. The WTO has slashed its original forecast – of 3.6% growth – and is warning that the slowdown in trade could damage long-term economic growth. In the long run, it says, world trade usually grows 1.5 times as fast as economic output. Sluggish demand from Brazil, China and North America – and the issue of tariffs being debated in the US presidential election – has prompted the body to be less optimistic about trade volumes in 2017.
The length of a Greenpeace blockade of IOI Group’s palm oil refinery in Rotterdam. IOI was targeted after a report linked its third-party suppliers in Indonesia to deforestation. Thirteen activitists were arrested by Dutch police when they cleared the blockade. Greenpeace is convinced that Korindo, Eagle High and the Indofood/Salim group, which together supply two-thirds of IOI’s palm oil, have contributed to the disappearance of 25% of Indonesia’s rain forest in the past 20 years.
The new human-powered land speed record, set by Canadian Todd Reichart, on a custom bike in Battle Mountain, Nevada. Reichart, who has a Ph.D in aeronautic engineering from the University of Toronto. He broke the record on the Aerovolo Eta, a bike that looks like a pointed egg and has, he claims, “100 times less drag” than most streamlined cars.
The investment a consortium of Indian state-owned oil firms will make in Russian oil-fields after the deals were approved by India’s cabinet. A consortium of Oil India, Indian Oil, and Bharat Petroleum will acquire 23.9% of Rosneft’s Vankor oil fields for $2bn and 29.9% of the Taas-Yuryakh oil field for $1.24bn. India is in the market for bargains with crude-oil prices so low as it currently imports 75% of its oil.
The number of jobs created in Greece between January and August 2016 by the booming tourism industry. In that period, the number of holidaymakers arriving at the country’s major airports rose by 6.5% – the equivalent of 750,000 extra tourists.
The period from which ten bronze and copper Roman coins, unearthed in castle ruins on the Japanese island of Okinawa, are said to date from. This is the first time Roman coins have been found in Japan. Some of the dime-sized coins were embossed with what looked like an image of Emperor Constantine I (272-337AD). The 14th century castle was abandoned 200 years later and archaeologists have no clue as to how these Roman relics came to Japan.
The number of cable car projects being mooted in and around Paris. Trying to ease congestion in the French capital, the authorities have decided that new trams are too exepsnive and new buses are too unreliable in rush hours. Valerie Pécresse, the head of the Ile-de-France region (which includes the city and its suburbs) hopes to get the first cable cars up and running by 2021.
The UK’s ranking in the World Economic Forum’s latest World Competitiveness Index – up three places from 2015. The top three countries are the same: Switzerland (1st), Singapore (2nd) and the USA (3rd). The UK is now said to be more competitive than Japan, Hong Kong and Finland. Bottom of the ranking of 138 nations is Yemen.