Ministers receptive to plans for Boris Island

The government have displayed enthusiasm for new engineering projects in the UK. First they announced plans for the High Speed 2 Railway project between London and Birmingham will go ahead. Now the government is discussing the proposal for a new airport to be built on the Thames Estuary. The project has been dubbed “Boris Island” after mayor Boris Johnson who has been pushing for the new development.

Brazil Ranked Sixth Largest Economy

Brazil has moved above the UK  to establish itself as the sixth largest economy in the World. This is driven by a very large population with a growing manufacturing industry and a wealth of natural resources. The Brazilian economy is expected to continue to grow in the build up to hosting the2014 World Cup and the 2016 Olympics.

The US remains as the World’s largest economy followed by China, Japan, Germany and France. India and Russia are expected to grow and possibly leapfrog both the UK and Brazil over the next 10 years.

Walmart Invests in Leading Chinese Ecommerce Website

Walmart has acquired a 51% stake in Yihaodian, a leading Chinese ecommerce website. Yihaodian is one of the fastest growing companies in China and the move will establish Walmart’s presence in China.