Business News – Newsletter for June 27, 2010
Sunday, June 27, 2010
A mega tunnel under the ‘pile of dead bodies’
ROHTANG PASS – Its beauty notwithstanding, this 13,300 feet high mountainous pass also, because of its treacherous terrain, ominously means “pile of dead bodies”. For India’s Border Roads Organisation (BRO), that is building the nearly 9 km-long Rohtang tunnel, it will prove a “geological challenge” to cut through the mighty Himalayas to create an all-weather …. Source article : A mega tunnel under the ‘pile of dead bodies’.
World leaders struggle to find common ground to revive global economy with splits remaining
World leaders struggle for common economic ground
TORONTO – After achieving notable success in dealing with the worst economic crisis in decades, major countries are now struggling to manage the global recovery.
Leaders of the Group of 20 rich industrial and major developing countries were wrapping up their summit by agreeing to pursue separate strategies to sustain …. Original article on Gaea Times at : World leaders struggle to find common ground to revive global economy with splits remaining.
Tata-owned Corus CEO to quit
LONDON – Chief executive officer of Tata-owned British steel maker Corus, Kirby Adams is to step down this October, media reports said.
Adams, who will remain as an adviser to the Corus board, will be replaced by Karl-Ulrich K??hler, the company’s chief operating officer.
The Sunday Times quoted senior steel industry sources as saying … Read : Tata-owned Corus CEO to quit.
Opposition observes nationwide strike in Bangladesh
DHAKA – The opposition in Bangladesh Sunday observed a nationwide dawn-to-dusk strike to protest against the policies of Prime Minister Sheikh Hasina, chief among them being the five deals signed with India.
Though Hasina has also signed pacts with China, Russia and other countries, her arch rival Begum Khaleda Zia of the Bangladesh Nationalist Party (BNP) … Original article on : Opposition observes nationwide strike in Bangladesh.
Mahindras to make foray in aerospace industry
BANGALORE – India’s auto major Mahindra and Mahindra is all set to make its presence felt in the skies since it is making a foray in the aviation sector.
Addressing media here, Mahindra and Mahindra’s Managing Director Anand Mahindra, said the company is investing 2.5 billion rupees into aerospace … Original article on : Mahindras to make foray in aerospace industry.
New British premier to visit India in July
TORONTO – Indian Prime Minister Manmohan Singh has once again invited his newly-elected British counterpart David Cameron to visit India — an offer that was immediately accepted and decided for July.
Manmohan Singh met Cameron Saturday for the first time after the latter replaced Gordon Brown as the British prime minister. The meeting took place on … Read the original article on Gaea Times at : New British premier to visit India in July.
Online shopping brings about more ‘phishing’ in China
BEIJING – With low prices, discounts and the ease of buying, online shopping has attracted more than 100 million netizens in China in recent times, and with it a lot of “phishing”.
“Phishing” is a fraudulent process in which a fake website attempts to acquire a user’s passwords or credit card information by disguising itself as … Original article on : Online shopping brings about more ‘phishing’ in China.
G20 leaders for talks on global recovery
TORONTO – Leaders of the world’s 20 leading economies arrived Saturday in Canada, aiming to smooth over differences on financial regulation and how to keep the global economic recovery afloat.
Major developing economies including China, India, Brazil and South Africa joined a three-day gathering that began Friday with the Group of Eight (G8) meeting of wealthy … Read : G20 leaders for talks on global recovery.
Fiorina courts Latino voters but key supporter differs with her on immigration policy
Fiorina courts Latinos in California Senate race
SACRAMENTO, Calif. – Republican Senate candidate Carly Fiorina launched a new effort Saturday to reach out to Latino voters, unveiling a Spanish-language website with supporters at a Hispanic-owned catering company.
But her chief endorsement at Saturday’s event, former U.S. Commerce Secretary Carlos Gutierrez, has sharply different views from Fiorina on …. Source article on Gaea Times at : Fiorina courts Latino voters but key supporter differs with her on immigration policy.
World leaders turn from economic differences in hunt for common ground on security threats
World leaders seek common ground on crises
TORONTO – At odds over how to strengthen the global recovery, top world leaders found common ground on foreign policy Saturday, condemning North Korea for the alleged sinking of a South Korean warship and endorsing a five-year exit timetable for Afghanistan
In a joint statement, … Original source on Gaea Times at : World leaders turn from economic differences in hunt for common ground on security threats.
Interim manager Edwin Rodriguez gets chance to formally interview for Marlins’ permanent job
Rodriguez gets formal interview with Marlins
MIAMI – Florida interim manager Edwin Rodriguez will still be with the Marlins when they open a three-game series in his native Puerto Rico on Monday.
He just doesn’t know what job he’ll have during that trip.
The Marlins gave Rodriguez a formal interview Saturday, the latest part of their ongoing quest … Original source on Gaea Times at : Interim manager Edwin Rodriguez gets chance to formally interview for Marlins’ permanent job.
World leaders set aside economic differences to unite in criticism of Iran and North Korea
Leaders blast North Korea on warship sinking
TORONTO – Briefly putting aside deep economic differences, top world leaders on Saturday condemned North Korea for the alleged sinking of a South Korean warship, set a five-year exit timeline for Afghanistan and said the standoff in Gaza was “not sustainable and must be changed.”
In a joint …. Read the original article : here.
Obama, South Korean leader say North Korea must face consequences for alleged ship sinking
Obama, Lee criticize North Korea on ship sinking
TORONTO – President Barack Obama said Saturday that North Korea must be “held to account” for its alleged sinking of a South Korean warship, a tough statement of support for an ally, made at its leader’s side.
After talks with South Korean President Lee Myung-Bak on the …. Read the original article : Obama, South Korean leader say North Korea must face consequences for alleged ship sinking.
Algirdas Brazauskas, 1st president of Lithuanian after independence, dies aged 77
Lithuania’s former president Brazauskas dies at 77
VILNIUS, Lithuania – Lithuania’s first post-independence president, Algirdas Brazauskas, died at his home Saturday, his wife said. He was 77.
Brazauskas had been receiving treatment since the beginning of the year for prostate cancer and lymphoma, Kristina Brazauskiene said.
He became Lithuania’s first freely elected president in 1993, two years after …. Original article : Algirdas Brazauskas, 1st president of Lithuanian after independence, dies aged 77.
Administration: US will resume talks to resolve issues blocking South Korea free trade deal
Obama will resume talks on South Korea trade
TORONTO – President Barack Obama said Saturday his administration will launch talks with South Korea aimed at resolving remaining issues blocking the completion of a South Korea free trade agreement.
Obama said that his goal would be to clear up the remaining issues before he visits South …. Read the original article : here.
Geithner says G-20 must focus on keeping global recovery on track
Geithner: Keeping recovery on track is top focus
TORONTO – World leaders must work together to make sure the global recovery stays on track, Treasury Secretary Timothy Geithner said Saturday.
Geithner made his remarks as President Barack Obama has warned his counterparts from the Group of 20 nations to not reel in measures to stimulate … Read more >>>.
Top 8 industrial democracies agree on 5-year Aghanistan exit timeline; slam North Korea, Iran
World leaders unite in slamming North Korea, Iran
TORONTO, Ontario – Briefly putting aside deep economic differences, top world leaders on Saturday condemned North Korea for the alleged sinking of a South Korean warship, set a five-year exit timeline for Afghanistan and said the standoff in Gaza was “not sustainable and must …. Source article : Top 8 industrial democracies agree on 5-year Aghanistan exit timeline; slam North Korea, Iran.
China vows not to bow to outside pressure on currency reform
China vows not to bow to currency pressure
TORONTO – China vowed Saturday not to bow to outside pressure to make more changes to its currency policy, which some U.S. officials and experts say is crucial to a global economic recovery.
Senior Chinese officials warned at a summit of the Group of 20 leading … Read this article on Gaea Times at : China vows not to bow to outside pressure on currency reform.
Four-time champion Johnson tops Junior in fan-sponsored contest
Johnson tops Junior in popularity
LOUDON, N.H. – Jimmie Johnson has another win this year, this time in a popularity contest.
Johnson beat his Hendrick Motorsports teammates, Jeff Gordon and Dale Earnhardt Jr., to win a $100,000 grant as part of the Pepsi Refresh Project. Johnson’s award will go toward providing financial relief to pediatric bone marrow …. Original article on Gaea Times at : Four-time champion Johnson tops Junior in fan-sponsored contest.
Blue Dog in red state: Republicans take aim at rare Democratic congresswoman in South Dakota
Republicans take aim at a Democrat in South Dakota
PIERRE, S.D. – As a Blue Dog in a red state, Democrat Stephanie Herseth Sandlin has worked carefully to develop a moderate reputation in an area where Republicans outnumber their rivals.
Building on a stellar political pedigree, the state’s lone congresswoman and first female House member has kept …. Original article : Blue Dog in red state: Republicans take aim at rare Democratic congresswoman in South Dakota.