Monday, June 07, 2010

Business News – Newsletter for June 7, 2010

Monday, June 7, 2010


German Cabinet meets to complete major package of savings amid debt crisis

Germany to unveil cuts to welfare, jobs
BERLIN – Germany was close to finalizing Monday a major package of government savings, which would likely cut social welfare benefits, slash public sector jobs, and raise taxes to tackle the budget deficit.

With the debt crisis undermining the euro, Chancellor Angela Merkel’s government is determined to tackle Germany’s deficit …. Original article  : German Cabinet meets to complete major package of savings amid debt crisis.

Tamil Nadu to follow PPP model to develop ecotourism

CHENNAI – The Tamil Nadu government will adopt the public-private partnership (PPP) model, especially in the areas of infrastructure sharing and knowledge exchange, to promote ecotourism in the state.

Deputy Chief Minister M.K. Stalin Monday released a policy document on this at the state secretariat here.
“The main focus of the policy is to educate the … Read this article on Gaea Times at : Tamil Nadu to follow PPP model to develop ecotourism.

AP Top News at 4:35 a.m. EDT

AP Top News at 4:35 a.m. EDT
NJ men accused in Somali terror plot due in court
ELMWOOD PARK, N.J. – The young men’s intentions were sinister: to head to Somalia to seek terror training from al-Qaida-affiliated jihadists and unleash attacks against fellow Americans. But their preparations apparently were unsophisticated. They lifted weights, bought military-style pants and … Read more >>.

AP Top News at 4:22 a.m. EDT

AP Top News at 4:22 a.m. EDT
NJ men accused in Somali terror plot due in court
ELMWOOD PARK, N.J. – The young men’s intentions were sinister: to head to Somalia to seek terror training from al-Qaida-affiliated jihadists and unleash attacks against fellow Americans. But their preparations apparently were unsophisticated. They lifted weights, bought military-style pants and … Read this article on Gaea Times at : AP Top News at 4:22 a.m. EDT.

AP Top News at 4:20 a.m. EDT

AP Top News at 4:20 a.m. EDT
NJ men accused in Somali terror plot due in court
ELMWOOD PARK, N.J. – The young men’s intentions were sinister: to head to Somalia to seek terror training from al-Qaida-affiliated jihadists and unleash attacks against fellow Americans. But their preparations apparently were unsophisticated. They lifted weights, bought military-style pants and … Read the original article on Gaea Times at : AP Top News at 4:20 a.m. EDT.

World markets tumble on fears over US jobs report, Hungary’s debt troubles

World markets tumble on fears over Hungary

BANGKOK – World stock markets tumbled Monday, dragged down by weak U.S. employment figures and fresh fears that Europe’s debt crisis is spreading to Hungary.
Oil was also buffeted, falling to near $70 a barrel, while the dollar fell against the yen and gained versus the euro. Wall Street was …. Source article  : World markets tumble on fears over US jobs report, Hungary’s debt troubles.

AP Top News at 4:15 a.m. EDT

AP Top News at 4:15 a.m. EDT
NJ men accused in Somali terror plot due in court
ELMWOOD PARK, N.J. – The young men’s intentions were sinister: to head to Somalia to seek terror training from al-Qaida-affiliated jihadists and unleash attacks against fellow Americans. But their preparations apparently were unsophisticated. They lifted weights, bought military-style pants and …. Source  : Gaea News Network.

AP Top News at 4:10 a.m. EDT

AP Top News at 4:10 a.m. EDT
NJ men accused in Somali terror plot due in court
ELMWOOD PARK, N.J. – The young men’s intentions were sinister: to head to Somalia to seek terror training from al-Qaida-affiliated jihadists and unleash attacks against fellow Americans. But their preparations apparently were unsophisticated. They lifted weights, bought military-style pants and … Read : AP Top News at 4:10 a.m. EDT.

AP Top News at 4:08 a.m. EDT

AP Top News at 4:08 a.m. EDT
NJ men accused in Somali terror plot due in court
ELMWOOD PARK, N.J. – The young men’s intentions were sinister: to head to Somalia to seek terror training from al-Qaida-affiliated jihadists and unleash attacks against fellow Americans. But their preparations apparently were unsophisticated. They lifted weights, bought military-style pants and … Original article on : AP Top News at 4:08 a.m. EDT.

AP Top News at 4:05 a.m. EDT

AP Top News at 4:05 a.m. EDT
Long road to oil cleanup looms over Gulf Coast
GULF SHORES, Ala. – A wellhead cap at the bottom of the Gulf of Mexico is slowly pinching off a geyser of oil spewing from the earth, but there’s no containing much of the crude that’s already escaped, a reality becoming … Read this article on Gaea Times at : AP Top News at 4:05 a.m. EDT.

Nepal rules out changing exchange rate with India

KATHMANDU – Nepal’s central bank has ruled out changing the exchange rate of the national currency against the Indian rupee.

“This is to inform the public that since the exchange rate (with the Indian rupee) acts as the foundation on which economic stability rests, there is no situation to alter the rate or process,” Nepal … Read the original article on Gaea Times at : Nepal rules out changing exchange rate with India.

Lufthansa offers students a ‘Touch of Home’ in the air

New Delhi, June 7 (ANI-Business Wire India): German carrier Lufthansa is offering an ‘Indianised’ flight experience geared to give its passengers a touch of home away from home – be it on board entertainment or the in-flight menu.

In fact this experience starts right from the point of first contact at check-in, where passengers are …. Source  : Lufthansa offers students a ‘Touch of Home’ in the air.

Britain worried that BP oil spill may hit ties with US

LONDON – The British government is concerned that criticism towards energy company BP for its failure to curb the oil spill in the Gulf of Mexico may hamper the country’s relationship with the US.

The scale and ferocity of the US attacks are said to have disturbed David Cameron, The Telegraph reported quoting government sources. …. Original source  : Britain worried that BP oil spill may hit ties with US.

AP Top News at 3:50 a.m. EDT

AP Top News at 3:50 a.m. EDT
Long road to oil cleanup looms over Gulf Coast
GULF SHORES, Ala. – A wellhead cap at the bottom of the Gulf of Mexico is slowly pinching off a geyser of oil spewing from the earth, but there’s no containing much of the crude that’s already escaped, a reality becoming …. Original article on Gaea Times at  : AP Top News at 3:50 a.m. EDT.

AP Top News at 3:40 a.m. EDT

AP Top News at 3:40 a.m. EDT
Long road to oil cleanup looms over Gulf Coast
GULF SHORES, Ala. – A wellhead cap at the bottom of the Gulf of Mexico is slowly pinching off a geyser of oil spewing from the earth, but there’s no containing much of the crude that’s already escaped, a reality becoming …. Source  : AP Top News at 3:40 a.m. EDT.

Primaries, general election spooks lawmakers on spending; budget, big price tags shelved

Election spooks lawmakers, curbs Congress spending
WASHINGTON – The 2010 elections have changed the direction of government only half way through the primary season, with voter anger and economic jitters causing lawmakers to balk at their most basic duties as well as key elements of President Barack Obama’s agenda.
After betting their political future on … Read more »»».

Berlin air show to display latest aerospace technology

BERLIN – The Berlin Air Show (ILA 2010) takes off Tuesday in this scenic German capital to demonstrate the advances made in the global aviation and aerospace fields on the ground and in the air.

As the world’s oldest and largest aviation show, the six-day trade fair (June 8-13) is being held in the aftermath of … Original source on Gaea Times at : Berlin air show to display latest aerospace technology.

AP Top News at 3:05 a.m. EDT

AP Top News at 3:05 a.m. EDT
Gulf oil crisis could stretch into the fall
NEW ORLEANS – A containment cap was capturing more and more of the crude pouring from a damaged oil well in the Gulf of Mexico, but that bit of hope was tempered Sunday by a sharp dose of pragmatism as the federal … Read : AP Top News at 3:05 a.m. EDT.

Restoring traditional farming methods to meet food security

NEW DELHI – Maharashtra’s Korku tribe stores grain with dried neem leaves, while the Konda Savara tribe of Andhra Pradesh has an irrigation system where water is diverted through pipes made of banana trunks. These are some examples of local wisdom sustaining agriculture, which will now be backed by a specialised UN agency.

The Food and … Read : Restoring traditional farming methods to meet food security.

AP Top News at 2:04 a.m. EDT

AP Top News at 2:04 a.m. EDT
Gulf oil crisis could stretch into the fall
NEW ORLEANS – A containment cap was capturing more and more of the crude pouring from a damaged oil well in the Gulf of Mexico, but that bit of hope was tempered Sunday by a sharp dose of pragmatism as the federal … Read more >>.

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