Hyundai to launch one new car model in India every year

SEOUL – Heartened by a maturing Indian automobile market, Hyundai Motor has decided to launch at least one new model in the country every year even as moves are afoot to expand the rural marketing network and localise more components.

“Our plan is to introduce more than one new model every year and refurbish more than … Read more : Hyundai to launch one new car model in India every year.

India sets quarterly targets for infrastructure growth

NEW DELHI – India Monday set quarterly targets for its infrastructure sector during this fiscal in a bid to monitor progress in power generation and building of roads and ports, critical to its economic growth.

“We will be able to tell how much we are targeting and how much we have been able to achieve,” Panning … Original article on : India sets quarterly targets for infrastructure growth.

Delhi Metro chief Sreedharan resumes work

NEW DELHI – Delhi Metro Rail Corporation (DMRC) chief E. Sreedharan resumed attending office Monday after heart surgery last month and is working according to schedule like before, an official said.

Sreedharan, who underwent a successful bypass surgery last month, reached DMRC office in central Delhi sharp at 9 a.m., the official said.
“He (Sreedharan) [..] Read the original article: here.

Indian shares under pressure amid depressed global cues

MUMBAI – Indian equities markets continued to be depressed in afternoon trade Monday, after falling sharply in the morning, taking cues from a global sell-off triggered by fears that the Euro zone financial woes could derail economic recovery.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,961.92 points, was ruling … Read : Indian shares under pressure amid depressed global cues.

Nepal reopens tainted passport deal

KATHMANDU – Nepal Monday reopened a deal to buy new passports after an earlier contract awarded to an Indian company had to be scrapped due to protests by lawmakers.

The foreign ministry Monday invited bids from international security printing companies to print about four million modern Nepali passports that will be machine-readable instead of the earlier … Read this article on Gaea Times at : Nepal reopens tainted passport deal.

Oil falls to near $70 in Asia as euro, equities drop as traders eye Europe debt crisis

Oil falls to near $70 as euro sinks to 4-year low

SINGAPORE – Oil prices dropped to near $70 a barrel Monday in Asia as the euro sank to a four-year low and stock markets tumbled on investor concern Europe’s economy will wither amid a debt crisis and fiscal austerity measures.
Benchmark crude for June delivery was …. Original source  : Oil falls to near $70 in Asia as euro, equities drop as traders eye Europe debt crisis.

China auctions sidewalks to street vendors

BEIJING – Street shops in China will be legalised soon with the government launching an auction of sidewalks to vendors, a move that many say was brought about due to hygiene concerns.

Instead of chasing away unlicensed street vendors off the sidewalks, urban law enforcement officials from China’s Jiangxi province are auctioning off public space for … Read more : China auctions sidewalks to street vendors.

Minnesota Legislature bound for budget special session after missing adjournment deadline

Minn. Legislature bound for budget special session

ST. PAUL, Minn. – The Minnesota Legislature missed a midnight Sunday deadline for approving a plan to balance the state budget, sending lawmakers into an immediate special session.
Legislative leaders said they had a settlement with Gov. Tim Pawlenty to fix a $3 billion deficit but ran out of time …. Original source  : Minnesota Legislature bound for budget special session after missing adjournment deadline.

Rogue Thai general reputed to be Red Shirt military strategist dies; Bangkok chaos continues

Wounded rogue Thai general dies as chaos continues

BANGKOK – A rogue Thai general who helped anti-government protesters and was shot by an unidentified sniper died Monday from his wounds, raising fears of new violence after five days of street battles that have killed 36 people in downtown Bangkok.
Maj. Gen. Khattiya Sawasdiphol, a renegade army officer …. Source  : Rogue Thai general reputed to be Red Shirt military strategist dies; Bangkok chaos continues.

Sensex plummets in morning trade

MUMBAI – A benchmark index for Indian equities Monday fell 350 points within the first 30 minutes after the opening bell, amid depressed global cues.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,961.92 points, was ruling at 16,643.62 points, 350.98 points or 2.07 percent down from its previous close …. Source article on Gaea Times at  : Sensex plummets in morning trade.

Dramatic 10-fold surge seen in kids hospitalized with MRSA; docs shift antibiotics to fight it

Dramatic surge seen in kids hospitalized with MRSA

CHICAGO – The number of children hospitalized with dangerous drug-resistant staph infections surged 10-fold in recent years, a study found.
Disease incidence increased from 2 cases to 21 cases per 1,000 hospital admissions from 1999 to 2008. Most infections were caught in the community, not in the hospital.
The study … Read the original article on Gaea Times at : Dramatic 10-fold surge seen in kids hospitalized with MRSA; docs shift antibiotics to fight it.

Late payment data shows credit card reforms provide immediate help to overstretched consumers

Late payment drop shows impact of credit reforms

NEW YORK – Consumers struggling to pay their bills in the first few months of the year got an immediate benefit from credit card reforms.
Late credit card payments fell sharply in the first quarter, and at least part of the drop can be attributed to the law that …. Source  : Gaea News Network.

Money Market Operations as on May 14, 2010

… Read : Money Market Operations as on May 14, 2010.

Sides trade offers as Minn. session pushes against midnight deadline; deal deemed ‘doable’

MN session pushes deadline; deal deemed ‘doable’

ST. PAUL, Minn. – Minnesota leaders closed in Sunday night on an agreement to fix a $3 billion budget deficit as lawmakers worked against a midnight deadline to finish the legislative session.
Senate Majority Leader Larry Pogemiller emerged from a negotiation session just before 10 p.m. with an upbeat report.
“We’re … Read more >>>.

Asian stocks tumble in early trading on fresh worries over debt woes in Europe

Asian stocks fall on worries over Europe debt woes

TOKYO – Asian stock markets tumbled in early trading Monday as fresh worries over debt woes in Europe dampened sentiment across the region.
Japan’s benchmark Nikkei 225 stock average dropped 207.50 points, or 2.0 percent, to 10,255.01.
South Korea’s Kospi lost 2.1 percent to 1,660.85. Australia’s S&P/ASX 200 index … Read this article on Gaea Times at : Asian stocks tumble in early trading on fresh worries over debt woes in Europe.

Japan machinery orders rise in March, the first upturn in 3 months on economic recovery

Japan machinery orders rise 5.4 percent in March

TOKYO – Japan’s machinery orders, a closely watched indicator of future business investment, rose in March for the first time in three months, indicating companies are becoming bullish on spending in line with an economic recovery.
The Cabinet Office said Monday that Japan’s core machinery orders in March increased …. Original source  : Japan machinery orders rise in March, the first upturn in 3 months on economic recovery.

Sestak, Specter try to project confidence in tight Democratic primary race for US Senate

Sestak, Specter try to project confidence in race
MEDIA, Pa. – With the election just days away, the candidates in Pennsylvania’s too-close-to-call Democratic primary race for U.S. Senate jockeyed Sunday to project confidence and control and prove who will be the stronger man against the Republicans in the fall.
At a rally on the Delaware …. Source article on Gaea Times at  : Sestak, Specter try to project confidence in tight Democratic primary race for US Senate.

UAE, South Korea pledge close ties

Seoul, May 17 (IANS/WAM) The United Arab Emirates (UAE) and South Korea have agreed to form a joint committee to explore cooperation in small and medium ventures, technology and healthcare.

UAE Economy Minister Sultan Al Mansouri recently held a series of meetings here with South Korean officials, including Economy Minister Tchoy Kwingwan, on enhancing cooperation between … Read the original article on Gaea Times at : UAE, South Korea pledge close ties.

Calif. solar cell company plans $20 million manufacturing plant in Las Vegas area

Company plans manufacturing plant for solar cells

LAS VEGAS – A California company is planning to build a $20 million manufacturing plant for solar power cells in the Las Vegas area.
The operation will employ about 278 workers, according to officials at Amonix Inc., which is based in Seal Beach, Calif.
The plan was announced Saturday during a …. Original article  : Calif. solar cell company plans $20 million manufacturing plant in Las Vegas area.

NBC launching aggressive fall schedule, hoping to climb out of fourth place

NBC will be new at 10 _ but it won’t be Leno

NEW YORK – NBC will give viewers a turn-the-page schedule next fall that attempts to erase the memory of this season’s failed Jay Leno experiment and another fourth-place finish by presenting new scripted programming each weeknight at 10 p.m.
That 10 p.m. schedule has four …. Source  : NBC launching aggressive fall schedule, hoping to climb out of fourth place.

Fitch revises Corning rating outlook to ‘positive’ from ’stable’

Fitch revises Corning rating outlook to ‘positive’

CHICAGO – Fitch Ratings said Monday it has affirmed its “BBB+” issuer default rating for Corning Inc., the world’s largest maker of liquid-crystal-display glass.
Fitch also said its rating outlook has been revised to “positive” from “stable.” The ratings agency said its actions affect about $3 billion of debt.
The outlook … Original article on : Fitch revises Corning rating outlook to ‘positive’ from ’stable’.

As senators struggle in primaries, Republicans, Democrats test themes for fall in Pennsylvania

Primary Day: Testing themes for big fall elections
WASHINGTON – For all the primaries testing tea party clout and veteran senators’ ability to survive, a special House election in southwestern Pennsylvania is the multimillion-dollar battleground of choice Tuesday for the two political parties, previewing themes for a fall campaign shadowed by recession and voter … Original article on : As senators struggle in primaries, Republicans, Democrats test themes for fall in Pennsylvania.

YouTube, age 5, is just getting started

SAN FRANCISCO – It’s spawned scandals, spoofs and sensations and is probably the biggest time waster on the planet.

But as video-sharing internet site YouTube celebrated its fifth birthday on Monday, all the signs were that it’s just getting started.
The site, which uploaded its first video in May 2005, now boasts two billion video views … Read the original article on Gaea Times at : YouTube, age 5, is just getting started.

Rising prices remain a worry, but economy progressed (One Year of UPA-II: Economy)

NEW DELHI – Although high inflation remained a sore point during the first year of the United Progressive Alliance (UPA) government’s second term, some major steps were taken, such as a cut in fertiliser subsidy, to keep the reform process going.

Logging a 6.5-percent growth when economies the world over were floundering and limiting the impact …. Read the original article  : Rising prices remain a worry, but economy progressed (One Year of UPA-II: Economy).

GAIL declares 45 percent quarterly net profit

NEW DELHI – Gas Authority of India Limited (GAIL), largest gas transmission and marketing company in India has reported a 45 percent rise in quarterly net profit.

“Gas transmission business has shown a growth of 28 percent with a level of 106.74 mmscmd, and the gas trading … Read more »»».

Emerging Asia should act on potentially destabilizing capital inflows: ADB

MANILA – Governments in emerging Asia should stay on guard and be ready to act if volatile capital inflows threaten to destabilize the region’s financial markets, a new Asian Development Bank (ADB) report says.

Emerging Asia’s capital markets have posted rapid gains as …. Source  : Emerging Asia should act on potentially destabilizing capital inflows: ADB.

US engineers’ body lauds low-cost Indian toilet technology

NEW YORK – A top American engineers’ body has recognized the low-cost toilet technology developed by Indian NGO Sulabh International to improve community health, hygiene and environment in the developing world and in the process triggerring off social reform, restoring human rights and dignity to millions of downtrodden women involved in manual scavenging.

The World … Read more : US engineers’ body lauds low-cost Indian toilet technology.

Telecom companies revive value of the Indian paisa (Comment)

Visiting us during her vacations, Manjari, my teenage niece, asked me if I would help her with a summer project. I agreed. It involved the study of coins. The curious kid wanted to know what a one-paisa coin looked like. Her next question: “What can one paisa buy?”

We were amused as to why a teacher … Read more : Telecom companies revive value of the Indian paisa (Comment).

AirTran Airways pilots, seeking new contract, to step up pressure on management at meeting

AirTran pilots to picket outside annual meeting

ATLANTA – AirTran Airways’ pilots plan to picket outside the discount carrier’s annual meeting to step up pressure on management over the workers’ more than five-year effort to secure a new contract with better wages and quality-of-life improvements.
They also expect to announce during Tuesday’s shareholders’ meeting in Milwaukee that … Read this article on Gaea Times at : AirTran Airways pilots, seeking new contract, to step up pressure on management at meeting.

Mo. lawmakers balk at canceling holidays; Nixon to cancel Friday after Thanksgiving anyway

Mo. lawmakers balk at canceling state holidays

JEFFERSON CITY, Mo. – Missouri state employees will still have days off for the birthdays of Abraham Lincoln and Harry Truman, but they will have to be at work the day after Thanksgiving.
Cash-strapped and facing the possibility of greater budget problems next year, Gov. Jay Nixon had called for …. Source article on Gaea Times at  : Mo. lawmakers balk at canceling holidays; Nixon to cancel Friday after Thanksgiving anyway.

Stocks end little changed after investors track gyrations of euro; Dow posts gain of 6 points

Dow recovers from 184-point drop to edge higher

NEW YORK – Stocks have ended an erratic session little changed after investors spent the day tracking the euro’s moves against the dollar.
A drop and subsequent rebound in the euro Monday has steered the Dow Jones industrial average from a loss of 184 points at midday to a …. Source  : Gaea News Network.

Asian stocks mixed as investors stay cautious after erratic day on Wall Street

Asian stocks mixed after Wall Street finishes flat

TOKYO – Asian stock markets were mixed Tuesday as investors stayed cautious after an erratic session on Wall Street.
Japan’s Nikkei 225 stock average rose 0.5 percent to 10,283.34, recovering slightly after shedding more than 2 percent the previous day. Hong Kong’s Hang Seng index edged up 0.2 percent … Read : Asian stocks mixed as investors stay cautious after erratic day on Wall Street.

Money Market Operations as on May 17, 2010

…. Original article  : Money Market Operations as on May 17, 2010.

Treasury takes $1.6 billion loss; Chrysler pays portion of $4 billion loan received in 2009

Treasury takes $1.6 billion loss on Chrysler loan

WASHINGTON – The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009.
Taxpayer losses from bailing out Chrysler and General Motors are expected to rise as high as $34 billion, congressional auditors have said.
Treasury said Monday that Chrysler repaid $1.9 …. Original article on Gaea Times at  : Treasury takes $1.6 billion loss; Chrysler pays portion of $4 billion loan received in 2009.

Prudential announces delayed plan for financing acquisition of Asian insurer AIA from AIG

Prudential details $20.9B rights issue for AIA

LONDON – Prudential PLC on Monday announced a rights issue to raise 14.5 billion pounds ($20.9 billion) to help finance its $35.5 billion acquisition of the Asia-based life insurer AIA Group from bailed-out U.S. insurance firm AIG.
The announcement had been expected last week but Prudential was delayed by questions …. Original article on Gaea Times at  : Prudential announces delayed plan for financing acquisition of Asian insurer AIA from AIG.

Fox’s fall schedule focuses on comedies; no announcement on Simon Cowell replacement

Fox network reveals stable new fall schedule

NEW YORK – Fox executives promised to boost a sagging “American Idol” as they confidently outlined plans on Monday for a new season and declared the network the one that “delivers America’s favorite shows.”
Fox is making a special effort to establish new comedies next season, introducing shows that feature … Read the original article on Gaea Times at : Fox’s fall schedule focuses on comedies; no announcement on Simon Cowell replacement.

Eurozone finance ministers defend ‘credible’ euro after 4-year lows against dollar

Eurozone nations defend currency union
BRUSSELS – Eurozone finance ministers defended the euro as a “credible” currency, despite its slide to four-year lows against the dollar, as they sought to tame the fears that have gripped financial markets in recent weeks.

The eurozone meeting came ahead of a Tuesday session of finance ministers from all 27 European … Read more : Eurozone finance ministers defend ‘credible’ euro after 4-year lows against dollar.

Military joins fight against auto dealers over policing car loans

Auto dealers fight to avoid new regulations

WASHINGTON – The nation’s 18,000 auto dealers are trying to cut themselves a deal in the Senate, seeking exemption from proposed consumer regulations that would police how they write car loans.
The Obama administration is pushing back, using the Pentagon to make the case that soldiers are particularly vulnerable to … Original source on Gaea Times at : Military joins fight against auto dealers over policing car loans.

Canada’s PM dispatches his ministers around the world to discourage international bank tax

Canada to voice international bank tax opposition

TORONTO – Canada’s prime minister has dispatched his top ministers around the world to wage a campaign against a proposed international bank tax that he said would unfairly penalize Canadian banks.
Prime Minister Stephen Harper noted Monday that Canada has not experienced the failure of any major financial institution and …. Read the original article  : Canada’s PM dispatches his ministers around the world to discourage international bank tax.

Oil prices fall below $70 for first time since February; pump prices slowly drop

Oil drops again; decline slowly gets to gas pump

Oil prices continue to dramatically spiral downward. A decline in U.S. pump prices apparently will be more drawn out.
Oil fell below $70 Monday for the first time since February due to concerns about the European economy and weakness in the euro. The price has dropped nearly 20 …. Source  : Oil prices fall below $70 for first time since February; pump prices slowly drop.

Allotting panchayat land for golf course illegal: Congress

CHANDIGARH – The Congress has termed as “illegal” and “unconstitutional” the Punjab government’s decision to persuade village panchayats to allot land in their area on lease to a private company to set up a golf course.

According to a report of the state-empowered committee on mega projects — a meeting of which was held in February … Original source on Gaea Times at : Allotting panchayat land for golf course illegal: Congress.

Delhi airport’s new terminal promises faster check-ins

NEW DELHI – Come July, passengers flying out of the upcoming terminal at the Indira Gandhi International Airport won’t have to encounter serpentine queues at the check-in counters, thanks to a new system that also promises huge savings for airlines.

Called the common use passenger processing system, or Cupps, it does away with the need for … Original source on Gaea Times at : Delhi airport’s new terminal promises faster check-ins.

Thai protesters attack local TV station, stock exchange; newspaper evacuates staff.

Thai protesters attack TV station, stock exchange

BANGKOK – Staff at the Thai local TV station Channel 3 say their building has been attacked by Red Shirt protesters.
One staffer said cars parked outside the building were set on fire and protesters then entered the Channel 3 building.
A journalist said the Red Shirts also set fires at …. Source  : Gaea News Network.

Why consumers feel confident about some choices

WASHINGTON – The confidence of consumers when making a choice depends on how easy the choice seems and whether the person making the choice is thinking concretely or abstractly, according to experts.

Claire I. Tsai from University of Toronto and Ann L. McGill from University of Chicago, the authors of the study, insist that abstract …. Source article  : Why consumers feel confident about some choices.

World stocks sharply down on investor concern European woes will drag on global economy

World stocks drop on European economy concerns

SINGAPORE – World stock markets fell Wednesday amid investor concern weak European spending will drag on global economic growth as the euro dropped to a fresh four-year low.
Traders are fearing the deep government spending cuts in some European countries that are part of a $1 trillion debt bailout package … Original article on : World stocks sharply down on investor concern European woes will drag on global economy.

US faces opposition from Turkey, Brazil, Lebanon on proposed new Iran sanctions resolution

Proposed Iran sanctions face opposition
UNITED NATIONS – The United States and its Western allies won crucial support from Russia and China for new sanctions against Iran over its suspect nuclear program, but they now face a tough campaign to get backing from the rest of the U.N. Security Council.

The draft resolution, obtained Tuesday by The [..] Read the original article: here.

CDMA operators ask government to accept TRAI proposals

NEW DELHI – CDMA operators have asked the government to accept the telecom regulator’s recommendations on capping of spectrum in circles, cost for buying additional spectrum, and mergers and acquisitions, without caving in to the GSM players’ pressure.

“TRAI recommendations are pro-consumer and will help bridge digital divide by linking spectrum allocation with roll-out obligations. These …. Read the original article  : here.

Rural Electrification Corp Q4 net up 45 percent

MUMBAI – State-run Rural Electrification Corp (REC) Wednesday said its net profit for January-March quarter increased by 44.6 percent to Rs.561.17 crore as against Rs.388.04 crore in the like period a year ago.

The company’s total income jumped by 29.2 percent to Rs.1,869.57 crore for the quarter ended March 2010 as compared to Rs.1,447.09 crore in … Read this article on Gaea Times at : Rural Electrification Corp Q4 net up 45 percent.

Oil falls to near $68 in Asia on investors concern Europe crisis will drag on global economy

Oil falls near $68 to 8-month low on Europe fears

SINGAPORE – Oil prices fell to near $68 a barrel Wednesday in Asia, extending losses to an eight-month low as mixed U.S. crude supply figures failed to stem a two week sell-off.
Benchmark crude for June delivery was down $1.06 to $68.35 a barrel at late afternoon … Read more »».

Hyundai plans $550 million new engine unit in India

SEOUL – Hyundai Motor plans a $550 million diesel engine plant in India with locally-sourced components to give customers a wider choice and consolidate its position as the country’s largest exporter of passenger cars, top officials said.

“We concluded a feasibility study on a new diesel engine plant in India around three months ago. I think, …. Source article on Gaea Times at  : Hyundai plans $550 million new engine unit in India.

Democratic leaders like having Paul as Republican target heading into general election

Democrats relish Paul’s GOP win in Ky. Senate race

BOWLING GREEN, Ky. – Democratic leaders were relishing the Republican primary victory of tea party candidate Rand Paul, suggesting he will be an easy target for them in November for Kentucky’s U.S. Senate seat.
In a closely watched race across the country as a test of the tea …. Original source  : Democratic leaders like having Paul as Republican target heading into general election.

Sestak, Toomey race for US Senate will focus on jobs, economy as candidates eye fall campaign

Sestak, Toomey race will be about jobs, economy
PHILADELPHIA – Joe Sestak had barely won the Democratic nod to run for U.S. Senate before he pledged to begin the next campaign within a matter of hours.
Sestak, a second-term congressman from suburban Philadelphia and a former Navy admiral, will face off against Republican …. Source article on Gaea Times at  : Sestak, Toomey race for US Senate will focus on jobs, economy as candidates eye fall campaign.

Cigarette makers sow uncertainty in tobacco country as they cut contracts with US farmers

Big Tobacco cutting contracts with US farmers

CYNTHIANA, Ky. – After years of faithfully supplying leaf to tobacco giant Philip Morris International, farmer Jess Burrier received a postcard, thanking him for his contributions and telling him his service wasn’t needed this year.
“They were very courteous, but a Dear John letter’s still a Dear John letter,” said … Read this article on Gaea Times at : Cigarette makers sow uncertainty in tobacco country as they cut contracts with US farmers.

Germany’s Merkel: Europe faces historic test as it works to shore up euro

Merkel: Europe faces historic test in euro crisis

BERLIN – Europe faces an “existential” test in its effort to shore up the euro, German Chancellor Angela Merkel said Wednesday, as she pushed for tougher regulation of markets and tighter public finances across the region.
Merkel told lawmakers that closer oversight of the financial world was needed to [..] Read the original article: here.

Senate sees finish line on Wall Street rules, key vote to end debate looms Wednesday

Senate readies for end game on Wall Street rules

WASHINGTON – An exhausted, occasionally cranky Senate is turning into the home stretch on a weekslong effort to pass a massive financial regulation bill.
Senators were scheduled to vote Wednesday to end debate on the legislation. Still, several issues remained unresolved and tempers were running short on the … Read : Senate sees finish line on Wall Street rules, key vote to end debate looms Wednesday.

China’s Geely plans to make world’s cheapest car

BEIJING – Chinese manufacturer Geely plans to unveil a budget city car which would cost less than the Indian-made Tata Nano.

The new Geely IG would sell for around $2,250 when it goes on sale in China in 2012. That compares to an asking price of between $2,700 and $3,800 for the Nano in India.
The …. Source article  : China’s Geely plans to make world’s cheapest car.

Immigration expected to dominate Obama-Calderon meetings, with new Arizona law sparking debate

Immigration highlighted in Obama-Calderon meetings
WASHINGTON – Propelled by a new Arizona law, the debate over immigration reform will take center stage when President Barack Obama welcomes Mexico’s Felipe Calderon to the White House and could overshadow the drug wars as the prime topic in talks between the two countries for the first time …. Source  : Gaea News Network.

Goa industry mulls conveyor belts to transport ore

PANAJI – Mining industries in Goa are mulling the possibility of setting up a network of conveyor belts to transport ore from the mining pits to the port from where it is exported, an industry insider said Wednesday.

Secretary of the Goa Mineral Ore Exporters Association (GMOEA) Glen Kalavampara said a string of conveyor belts may … Read more >>>.

Taiwan leader says improved ties may compel China to dismantle missiles aimed at island

Taiwan leader says China may dismantle missiles

TAIPEI, Taiwan – China could feel compelled to dismantle the more than 1,000 missiles it has pointed at Taiwan as relations between the rivals improve, the island’s president said Wednesday.
Ma Ying-jeou said the easing of tensions across the 100-mile-(160 kilometer-) wide Taiwan Strait makes it increasingly difficult for Beijing … Original source on Gaea Times at : Taiwan leader says improved ties may compel China to dismantle missiles aimed at island.

How companies can secure brand loyalty

WASHINGTON – When a firm picks a single celebrity to endorse their brand, it can backfire – just like Tiger Woods’ recent indiscretions affected Accenture. Now, a new research has examined different ways to secure brand loyalty.

“A widely applied method for improving how people feel about a brand is to pair the brand with positive … Read more »»».

MTNL not seeking concessions on 3G price: Kuldip Singh

NEW DELHI – Mahanagar Telephone Nigam Ltd (MTNL) chairman and managing director Kuldip Singh Thursday said the state-run telecom operator has not sought any concessions from the government on the auction price for third generation (3G) spectrum.

“We are not seeking any concessions. We are still discussing things with the board and the government,” Singh told … Read the original article on Gaea Times at : MTNL not seeking concessions on 3G price: Kuldip Singh.

Fading of inflation keeps rates low and makes it cheaper to buy a car or refinance a mortgage

Fading of inflation helps buyers and borrowers

WASHINGTON – It’s a good time to buy a car, refinance a mortgage, hit the road or shop for clothes.
Invest in a saving account? Forget it.
Consumer inflation has all but disappeared, the government reported Wednesday. The Federal Reserve may now be emboldened to keep interest rates at record lows … Original source on Gaea Times at : Fading of inflation keeps rates low and makes it cheaper to buy a car or refinance a mortgage.

Indian goods trans-shipment via Bangladesh may start in July

DHAKA – The trans-shipment of Indian cargo through Bangladesh is likely to begin in July, authorities said.

The customs department of the National Board of Revenue has drafted a circular regarding the trans-shipment and sent the proposal to the law and parliamentary affairs ministry for vetting, NBR sources told New Age newspaper.
According …. Source article  : Indian goods trans-shipment via Bangladesh may start in July.

Asian markets lower, Europe gains in early trading as investors mull debt crisis

Asian markets fall, Europe gains in early trading

SINGAPORE – Asian stock markets were lower Thursday, but European shares rebounded as investors mulled the impact of financial upheaval in Europe amid concern the continent may be unable to quickly resolve its debt crisis.
As trading to started in Europe, Britain’s FTSE 100 rose 0.8 percent, Germany’s DAX …. Original source  : Asian markets lower, Europe gains in early trading as investors mull debt crisis.

Theme-based lounge bar business picking up in metropolitan cities

NEW DELHI/CHANDIGARH – Influenced by the western trends, the theme ‘Lounge Culture’ is picking up pace among youngsters in metro cities.

In recent years, the lounge bar has emerged on the map of tidings in a city as a popular spot for.

“The culture now is more westernised, the system of having fun, so what we think … Read : Theme-based lounge bar business picking up in metropolitan cities.

All telecom stocks in green a day after 3G auction

NEW DELHI – Indian stock markets Thursday reacted positively to telecom companies winning precious airwaves for third generation (3G) phone services, with all their scrips trading in the green a day after the conclusion of auctions.

But analysts remained concerned over the high debt these companies may have to bear to pay off the licence fee …. Original article  : All telecom stocks in green a day after 3G auction.

Atlantis astronauts finally get to relax in orbit, only 1 more spacewalk remaining

Atlantis astronauts finally get to relax in orbit

CAPE CANAVERAL, Fla. – The Atlantis astronauts finally get a chance to relax in orbit, following two grueling spacewalks.
Only one spacewalk remains for the shuttle crew, on Friday. The astronauts will finish installing batteries at the International Space Station.
Two of the crew replaced four space station batteries during [..] Read the original article: here.

Dubai World says it’s won support for restructuring bid from group of leading creditors

Dubai World says it has deal with top creditors

DUBAI, United Arab Emirates – Dubai World said Thursday it has reached a deal “in principle” with a majority of its creditors on the company’s $23.5 billion restructuring plan.
The indebted state company – at the center of Dubai’s overall immense debt pile – said a coordinating committee [..] Read the original article: here.

Oil rises above $70 in Asia as mixed US supply data slows steep May sell-off

Oil rises above $70 amid mixed US supply data

SINGAPORE – Oil prices rose above $70 a barrel Thursday in Asia, recovering from an eight-month low after the European debt crisis battered crude this month.
Benchmark crude for June delivery was up 80 cents to $70.67 a barrel at late afternoon Singapore time in electronic trading on … Read more >>>.

SABMiller full year profit up 1.5 pct in a ‘difficult’ market with strong results in Americas

SABMiller annual profit up 1.5 pct in tough market

LONDON – SABMiller PLC, the world’s second-largest brewer, on Thursday posted a modest rise in profit for the full year as strong growth in the Americas, where it owns a stake in MillerCoors, helped it through an otherwise difficult market.
SABMiller, brewer of Grolsch, Pilsner Urquell and Peroni … Original article on : SABMiller full year profit up 1.5 pct in a ‘difficult’ market with strong results in Americas.

Food inflation rises to 16.49 percent

NEW DELHI – India’s annual food inflation edged up for the second straight week, rising to 16.49 percent for the week ended May 8, official data released Thursday showed.

The food inflation stood at 16.44 percent the previous week, up from 16.04 percent for the week ended April 24.
Data on the wholesale price index (WPI) …. Original article on Gaea Times at  : Food inflation rises to 16.49 percent.

NKorea, Iran, Japan base issues overshadow key US-China strategic and economic talks

Security issues overshadow Clinton’s Asia trip
WASHINGTON – Secretary of State Hillary Rodham Clinton is embarking on a three-nation tour of Asia whose centerpiece – a new round of U.S.-China strategic and economic talks – is likely to be overshadowed by a crisis with North Korea, possible new sanctions on Iran and the debate …. Original article  : NKorea, Iran, Japan base issues overshadow key US-China strategic and economic talks.

Novartis ordered to pay 250 m dollars to sexually harassed female sales reps

NEW YORK – A Manhattan jury has asked drugs giant Novartis to cough up 250 million dollars in punitive damages to thousands of female sales reps who were victims of gender discrimination.

The award came two days after jurors in the Manhattan Federal Court case awarded 3.3 million dollars in compensatory damages to 12 plaintiffs, who … Read the original article on Gaea Times at : Novartis ordered to pay 250 m dollars to sexually harassed female sales reps.

Canada’s seeks India, China support against global bank tax

TORONTO – Before G8 and G20 summits here next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has mounted an international effort to scuttle the idea. To get the US, India, China and other economies on their side and scuttle the idea, three Canadian ministers have … Read : Canada’s seeks India, China support against global bank tax.

New Indonesian finance minister, former bank CEO, says he will continue on reform path

Indonesia’s new finance chief: reforms will go on

JAKARTA, Indonesia – Indonesia’s new finance minister pledged Thursday to continue with the reform agenda started by his predecessor, who maintained economic growth but angered some with her anti-corruption sweep and tax enforcement.
Agus Martowardojo, CEO of state-owned Bank Mandiri – the country’s largest bank – was named Wednesday … Read more >>.

Angry at austerity measures, Greek unions to hold new general strike, protests

Greek unions hold new general strike against cuts

ATHENS, Greece – Greek workers held a general strike against the government’s austerity measures Thursday, two weeks after the previous day of protests deteriorated into rioting in which three people died in a burning bank.
Ferries stayed tied up at port, buses, the Athens metro and trains suspended services, …. Original article on Gaea Times at  : Angry at austerity measures, Greek unions to hold new general strike, protests.

Asian markets mostly lower as Europe debt crisis keeps investors jittery

Asian markets lower amid Europe debt doubts

SINGAPORE – Asian stock markets were lower Thursday, as financial upheaval in Europe continued to reverberate around the globe, with continued fears the continent will be unable to quickly resolve its debt crisis.
Japan’s benchmark Nikkei 225 stock average was off 1.5 percent at 10032.26 after the government said the …. Source article on Gaea Times at  : Asian markets mostly lower as Europe debt crisis keeps investors jittery.

ATM inventor dead

LONDON – John Shepherd-Barron, who invented the world’s first automatic cash dispensing machine, better known as ATM, is dead. He had come up with the idea after wondering why banks couldn’t operate a system like a chocolate-vending machine.

John had also thought of the four-digit Pin number.
He died in a hospital in Inverness Saturday after …. Source  : ATM inventor dead.

Oil gains to above $70 in Asia as mixed US supply data slows steep May sell-off

Oil gains to above $70 amid mixed US supply data

SINGAPORE – Oil prices rose above $70 a barrel Thursday in Asia, recovering from an eight-month low after the European debt crisis battered crude this month.
Benchmark crude for June delivery was up 44 cents to $70.31 a barrel at midday Singapore time in electronic trading on [..] Read the original article: here.

Singapore’s economy soars 16 percent in 1Q as manufacturing spurs comeback from recession

Singapore’s GDP soars 16 percent in first quarter

SINGAPORE – Singapore revised up its first quarter economic growth to a blistering 16 percent as manufacturing, finance and tourism roared back from last year’s recession.
Gross domestic product grew 15.5 percent in the first quarter from a year earlier, up from an initial estimate last month of 13.1 … Read this article on Gaea Times at : Singapore’s economy soars 16 percent in 1Q as manufacturing spurs comeback from recession.

Markets focus on Berlin, where German parliament expected to clear huge eurozone rescue deal

Eyes on Germany as lawmakers vote on euro rescue

BERLIN – With the future of the euro in the balance, German lawmakers were expected Friday to approve the massive rescue deal to save the common currency and contain the debt crisis, a package the government said combines solidarity with a drive to heal public finances.
Both houses … Read the original article on Gaea Times at : Markets focus on Berlin, where German parliament expected to clear huge eurozone rescue deal.

Abbott to buy Piramal’s branded drugs business for $3.71 bn

NEW YORK/MUMBAI – Illinois-based pharmaceuticals major Abbott Friday said it is acquiring Piramal Healthcare’s formulations business for $3.72 billion, to make the combined entity one of the largest players in the country’s generic drugs market.

Abbott, which is celebrating its 100th year in India and owns such brands as Creamffin, Brufen and Digene, will make an …. Original source  : Abbott to buy Piramal’s branded drugs business for $3.71 bn.

Long-range Afghan firefights prompt US Army rethink of reliance on workhorse M-4 rifle

US rifles not suited to warfare in Afghan hills

KABUL, Afghanistan – The U.S. military’s workhorse rifle – used in battle for the last 40 years – is proving less effective in Afghanistan against the Taliban’s more primitive but longer range weapons.
As a result, the U.S. is reevaluating the performance of its standard M-4 rifle and …. Source  : Long-range Afghan firefights prompt US Army rethink of reliance on workhorse M-4 rifle.

Abbott buys unit of India’s Piramal Healthcare for $3.7B as it chases emerging market growth

Abbott buys unit of Piramal Healthcare for $3.7B

MUMBAI, India – Abbott Laboratories has agreed to buy the domestic healthcare business of India’s Piramal Healthcare Ltd., a leading generics company, for $3.72 billion, the companies said Friday.
The deal reflects the growing global importance of generics as well as the rise of India’s consumer market for drugs.
Illinois-based …. Read the original article  : Abbott buys unit of India’s Piramal Healthcare for $3.7B as it chases emerging market growth.

Over 420,200 people visits UAE pavilion at Shanghai Expo

Shanghai, May 21 (IANS/WAM) More than 420,200 people from China and abroad visited the UAE pavilion at the Shanghai Expo 2010 since the event kicked off here three weeks ago, the organisers said.

UAE’s National Media Council (NMC), the organisers of the pavilion, forecast the number of visitors would cross half a million by the end … Read this article on Gaea Times at : Over 420,200 people visits UAE pavilion at Shanghai Expo.

Sensex under pressure as global peers fall

MUMBAI – Indian equities continued to trade in the red, mirroring the bearish sentiment in other bourses as Europe’s debt crisis and rising US jobless claims fuelled investor risk aversion across the globe.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,317.94 points, ruled at 16,342.6 points, 177.08 points or … Original article on : Sensex under pressure as global peers fall.

‘South Maharashtra beaches no threat to Goa yet’

PANAJI – The relatively virgin beaches of southern coastal Maharashtra are no threat to beach tourism in Goa, at least not in the immediate future, a top tourism trade official said Friday.

Beaches like Malvan and Tarkarli in south Maharashtra’s Sindhudurg district have a long way to go before they can be seen as a … Read more >>>.

Oil falls below $70 in Asia as investor confidence gives way amid Europe’s debt crisis

Oil falls below $70 on global economy concerns

SINGAPORE – Oil prices fell below $70 a barrel Friday in Asia on investor concern that a financial crisis in Europe could undermine the global economic recovery and crude demand.
Benchmark crude for July delivery was down $1 to $69.80 a barrel at late afternoon Singapore time in electronic …. Original article on Gaea Times at  : Oil falls below $70 in Asia as investor confidence gives way amid Europe’s debt crisis.

Spain says austerity cutbacks to restrict 2011 growth by half percentage point

Spain cuts 2011 growth forecast as austerity bites

MADRID – Spain says cutbacks aimed at reigning in its deficit will hurt economic growth in 2011, which it now expects to be half a percentage point lower than previously forecast.
Finance Minister Elena Salgado says the government now expects economic growth for next year to be 1.3 percent, …. Source  : Gaea News Network.

Spain says austerity cutbacks to restrict 2011 growth by half percentage point

Spain cuts 2011 growth forecast as austerity bites

MADRID – Spain says cutbacks aimed at reigning in its deficit will hurt economic growth in 2011, which it now expects to be half a percentage point lower than previously forecast.
Finance Minister Elena Salgado says the government now expects economic growth for next year to be 1.3 percent, …. Original source  : Spain says austerity cutbacks to restrict 2011 growth by half percentage point.

With sweeping bank bill, Congress seeks to end ‘too big to fail’ and ‘too good to be true’

Congress aims to put some discipline in lending

WASHINGTON – Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged the nation into a severe recession two years ago.
Under sweeping financial overhauls that have now passed the House and Senate, home buyers won’t be able to …. Source article  : With sweeping bank bill, Congress seeks to end ‘too big to fail’ and ‘too good to be true’.

Thai PM says order restored in Bangkok, provinces

Thai PM says order restored in Bangkok
BANGKOK – Thailand’s prime minister says order has been restored in Bangkok and the provinces, wracked by violence over the past week.

Prime Minister Abhisit Vejjajiva said Friday in a nationally broadcast television address that the government will “move swiftly to restore normalcy.”
He says “We have restored order in the …. Source  : Gaea News Network.

Piramal sells healthcare business to US firm

MUMBAI – Piramal Healthcare Friday said it will sell its healthcare solutions business in India, Sri Lanka and Nepal to US-based Abbott for $3.72 billion.

The business involves manufacturing, marketing and sales of branded pharmaceutical products.
The company said in a regulatory filing that it will transfer its manufacturing facilities at Baddi in Himachal … Read : Piramal sells healthcare business to US firm.

NKorea crisis looms over Clinton tour of Asia, ship sinking overshadows key US-China talks

Clinton in Asia as NKorea crisis looms
TOKYO – U.S. Secretary of State Hillary Rodham Clinton kicked off a three-nation tour of Asia on Friday that was supposed to focus on U.S.-China economic issues but is being overshadowed by a crisis over North Korea’s sinking of a South Korean warship.
Clinton landed in Japan for …. Original article  : NKorea crisis looms over Clinton tour of Asia, ship sinking overshadows key US-China talks.

AP INVESTIGATION: Documents show Texas reservist faked his way into military service

AP INVESTIGATION: Texas man faked way into Army

FORT WORTH, Texas – A Texas man with no military experience managed to trick the Army into letting him enter a reserve unit as a noncommissioned officer earlier this year, putting an untrained soldier in a leadership position in a time of war.
An Associated Press investigation found that … Read this article on Gaea Times at : AP INVESTIGATION: Documents show Texas reservist faked his way into military service.

Air Canada voted ‘Best in North America’

TORONTO – After almost surviving bankruptcy in 2008 and then making a strong comeback last year, Air Canada was voted as the best airline in North America in a worldwide survey released Thursday.

In the annual survey of more than 17 million air travellers by independent research firm Skytrax between July 2009 and April 2010, Air …. Source  : Air Canada voted ‘Best in North America’.

British Airways posts annual record loss ahead of further cabin crew strikes

BA posts another record annual loss
LONDON – British Airways PLC posted a record net loss for the second consecutive year on Friday after a cost savings program at the flagship carrier wasn’t enough to outweigh the impact of lower passenger numbers and strikes by cabin crews.

But the earnings report for the year ended March 31 … Original source on Gaea Times at : British Airways posts annual record loss ahead of further cabin crew strikes.

German parliament expected to approve huge eurozone rescue package

German parliament to vote on eurozone rescue

BERLIN – Germany’s parliament is expected to approve the huge eurozone rescue package on Friday.
Both houses of parliament are scheduled to vote on the euro750 billion (nearly $1 trillion) package drawn up two weeks ago. Germany, Europe’s biggest economy, is to contribute at least euro123 billion in loan guarantees.
Chancellor …. Source article on Gaea Times at  : German parliament expected to approve huge eurozone rescue package.

Hitler in pink posters cause storm in Italy

LONDON – Huge posters of Hitler wearing a lurid pink uniform with a love heart, instead of swastika, on his arm band have whipped up a storm in Italy.

The posters, which are 18 feet high, are for a line of clothing for young people and they have been prominently set up in Palermo city.
They …. Source article  : Hitler in pink posters cause storm in Italy.

Toyota starts recall of 4,509 Lexus cars in Japan over steering problems, US recall due Friday

Toyota recalls Lexus cars in Japan, US to follow

TOKYO – Toyota Motor Corp. began a recall Friday of 4,509 Lexus cars in Japan because of a computer problem affecting the model’s steering system, with a similar recall to follow in the U.S.
The carmaker said Wednesday it would recall the cars in Japan, with another 7,000 … Read more : Toyota starts recall of 4,509 Lexus cars in Japan over steering problems, US recall due Friday.

Dozens of deaths and recalls lead to effort for congressional ban on drop-side baby cribs

Move afoot in Congress to ban drop-side cribs

WASHINGTON – Drop-side cribs may soon be a thing of the past.
The cribs, which have a side rail that moves up and down, are blamed in the deaths of at least 32 infants or toddlers since 2000 who suffocated or were strangled in a drop-side crib.
Sen. Kirsten Gillibrand, … Original source on Gaea Times at : Dozens of deaths and recalls lead to effort for congressional ban on drop-side baby cribs.

Naga blockade of Manipur enters 42nd day

IMPHAL – The ongoing deadlock in Manipur entered its 42nd day Sunday with the main lifeline, National Highway 39, remaining paralysed due to an indefinite economic blockade enforced by Naga tribal groups, although supply of essentials has started trickling in through an alternative route, besides airdropping of food, fuel and medicines, in recent days.

“The crisis …. Original article  : Naga blockade of Manipur enters 42nd day.

93 mobile phones per 100 people in Brazil

Rio de Janeiro, May 23 (IANS/EFE) The number of mobile phone connections in Brazil has climbed to 180 million – or 93.8 cell phones per 100 people, a telecommunications regulator in the country has said.

A total of 6.8 million phone lines were activated in the first four months of 2010, said a statement from the … Read the original article on Gaea Times at : 93 mobile phones per 100 people in Brazil.

Israel begins annual civil defense drill at time of rising regional tension

Israel holds defense drill amid regional tension

JERUSALEM – Israel held a dress rehearsal for disaster Sunday, beginning a defense drill to test the response of soldiers, emergency crews and civilians to simulated missile barrages, terrorist attacks and chemical strikes.
Israel embarked on its fourth annual home front drill at a time when Iranian-backed militants are rearming … Read this article on Gaea Times at : Israel begins annual civil defense drill at time of rising regional tension.

South Korean, Chinese, Japanese trade ministers praise free trade agreement study effort

SKorea, China, Japan trade chiefs praise FTA study

SEOUL, South Korea – Trade ministers from China, Japan and South Korea on Sunday praised efforts to explore a potential joint free trade deal to boost commerce among three of Asia’s biggest economies.
South Korean Trade Minister Kim Jong-hoon, Chinese Commerce Minister Chen Deming and Japanese Economy, Trade and [..] Read the original article: here.

Stage set for world telecom meet in Hyderabad

HYDERABAD – A meeting here, beginning Monday, of global telecom experts will adopt the Hyderabad Action Plan that will set the agenda for development of telecommunication and information and communication technologies (ICT) over the next four years.

Over 700 delegates from across the world will attend the fifth world telecommunication development conference being organised by …. Source article on Gaea Times at  : Stage set for world telecom meet in Hyderabad.

India’s computer sales up 33 percent in first quarter

NEW DELHI – India’s personal computer sales touched 2.2 million in the first quarter of this year, registering a growth of an impressive 33 percent, says IDC, a leading technology consultancy and think tank.

Among the various segments, desktop computers accounted for nearly two-thirds of the total sales at 1.44 million units, representing an 18 percent …. Read the original article  : India’s computer sales up 33 percent in first quarter.

As Europe falters, China balks at revaluing currency, courting fresh friction with US

As Europe falters, China balks at revaluing yuan
SHANGHAI – Saleswoman Li Li stood in a booth at the Canton trade fair, surrounded by luggage decorated with floral, leopard and news headline prints like “credit crunch” and “economic disaster looms.”
She pointed to one that said “dollar exchange rate” with a chuckle. “We’re all worried … Read more »».

The goose with the golden spectrum (Comment)

Finally, it’s over. Eleven years after the birth of third generation (3G) telephony and near the end of its life, India’s auction for enabling spectrum or airwaves concluded May 19.

Here’s to the teamwork among India’s communications, finance and defence ministries that set telecom back by a half-decade. From its place ‘ahead of the curve’ … Read this article on Gaea Times at : The goose with the golden spectrum (Comment).

Give food stamps to poor instead of subsidised food: FICCI

NEW DELHI – The government should issue food stamps directly to families living below poverty line (BPL), instead of subsidised food, to ensure food security of the poor, an industry lobby said in a report.

The Federation of India Chambers of Commerce and Industry (FICCI) said the current system of providing subsidised food items through the …. Read the original article  : Give food stamps to poor instead of subsidised food: FICCI.

Dhaka to enact law to make jute use compulsory

DHAKA – Bangladesh is set to enact a law to make use of jute compulsory in packaging certain commodities, taking a cue from a 1987 law enacted by India — also a major producer of the commodity — to raise domestic demand.

The move is also intended to meet the rise in demand for jute packaging … Read more »».

South Korean, Chinese, Japanese trade ministers meet as countries study free trade agreement

South Korea, China, Japan trade chiefs meet

SEOUL, South Korea – Trade ministers from China, Japan and South Korea met Sunday to discuss issues including a possible three-way free trade agreement, amid worries over the world economy sparked by Europe’s debt crisis.
South Korean Trade Minister Kim Jong-hoon, Chinese Commerce Minister Chen Deming and Japanese Economy, Trade …. Original source  : South Korean, Chinese, Japanese trade ministers meet as countries study free trade agreement.

Republican Djou wins Hawaii congressional vote, giving GOP a victory in Obama’s hometown

GOP wins House seat in Obama’s home district
HONOLULU – Republicans scored a midterm election victory Saturday when Honolulu City Councilman Charles Djou won a Democratic-held House seat in Hawaii in the district where President Barack Obama grew up – the latest triumph for the GOP as … Read more : Republican Djou wins Hawaii congressional vote, giving GOP a victory in Obama’s hometown.

Clinton courts Chinese people ahead of tough diplomatic mission _ trying to punish North Korea

Clinton courts Chinese people; tough mission nears
BEIJING – U.S. Secretary of State Hillary Rodham Clinton said Sunday that she would be pushing the Chinese for a “more balanced economic relationship” with the U.S. in upcoming economic and strategic talks in Beijing.
Those talks, to be …. Source  : Gaea News Network.

Clinton headed to Beijing for economic, strategic talks with Chinese leaders

Clinton headed to Beijing for economic talks

SHANGHAI – Secretary of State Hillary Rodham Clinton is heading to Beijing for high-level economic and strategic talks with Chinese leaders that will be dominated by efforts to win China’s support to punish North Korea for the sinking of a South Korean warship.
Clinton, who will co-chair the talks with …. Source article on Gaea Times at  : Clinton headed to Beijing for economic, strategic talks with Chinese leaders.

Taiwan protests its exports labelled ‘Made in Taiwan, China’

TAIPEI – Taiwan was to persuade China to drop its demand that all Taiwanese goods exported to China must be marked “Made in Taiwan Province of China,” it was reported Sunday.

“We will not accept China’s demand, and will hold talks with China to find a solution,” the Liberty Times quoted Vice Economics Minister Lin Sheng-chung … Original source on Gaea Times at : Taiwan protests its exports labelled ‘Made in Taiwan, China’.

British Airways talks disrupted as protesters storm building

LONDON – The chief executive officer of British Airways had to be taken away under police escort after demonstrators stormed the building where he was in negotiations with cabin crew about planned labour stoppages, Scotland Yard said.

Willie Walsh needed the police escort Saturday to get out of the building after the demonstrators managed to get …. Source article on Gaea Times at  : British Airways talks disrupted as protesters storm building.

30,000 to 35,000 NJ protesters rally against state budget cuts proposed by Gov. Chris Christie

More than 30,000 in NJ protest state budget cuts

TRENTON, N.J. – A crowd estimated at 30,000 to 35,000 people gathered Saturday near New Jersey’s Statehouse to protest Gov. Chris Christie’s proposed budget cuts.
State police, who gave the crowd estimate, said no problems were reported.
The crowd is believed to be one of the largest ever to …. Source article  : 30,000 to 35,000 NJ protesters rally against state budget cuts proposed by Gov. Chris Christie.

Astros ace Roy Oswalt says he didn’t demand a trade, but deal might be best

Oswalt: No trade demand, but deal might be best

HOUSTON – Astros ace Roy Oswalt said he has not demanded a trade, but questioned the direction of his team and thinks a deal might be the best thing for everyone.
The 32-year-old Oswalt (2-6, 2.66 ERA) said Saturday that it’s time for him to move on and …. Source  : Gaea News Network.

Grace Foods corned beef cans recalled due to high levels of anti-parasite drug

Grace Foods recalls cans of corned beef
MIRAMAR, Fla. – Caribbean food products maker Grace Foods USA is voluntarily recalling two batches of its canned corned beef because they have higher than acceptable levels of a drug used to treat cattle for parasites, the company said Saturday.

There is a remote possibility that people could be sickened …. Original article  : Grace Foods corned beef cans recalled due to high levels of anti-parasite drug.