Business News – Newsletter for July 4, 2010
Sunday, July 4, 2010
New road links Sharjah with Dubai, Abu Dhabi
Dubai, July 4 (IANS/WAM) A new 70 km-long road linking the emirate of Sharjah, Dubai and Abu Dhabi has been completed that will benefit motorists.
The Roads and Transport Authority (RTA) of the UAE has completed the construction of Dubai Bypass Road.
All phases of the construction of the project, costing over one billion dirhams (about …. Read the original article : New road links Sharjah with Dubai, Abu Dhabi.
After new terminal, Delhi airport to have multi-level parking
NEW DELHI – Driving to the Indira Gandhi International (IGI) Airport here and worried about finding parking space? Not any more. Come July 16 and the new Terminal-3 (T3) will boast of the largest multi-level car parking (MLCP) facility in the country, with a capacity of 4,300 cars.
“For an infrastructure facility like an airport, a …. Source : After new terminal, Delhi airport to have multi-level parking.
Indian packaging firm eyes African market
DUBAI – India’s leading flexible packaging company UFLEX is all set to make ambitious forays into Africa with its state-of-the-art plant in Egypt starting production this month.
“We have set up a manufacturing unit in Egypt for producing flexible packaging material such as polyester films which would help us to cater to African countries more efficiently. …. Read the original article : Indian packaging firm eyes African market.
Brazil’s Embraer proposes regional jets for India
Sao Jose dos Campos,BRAZIL – A growing appetite among Indian carriers to serve regional routes makes the country a potentially big market for 250 regional jets with a capacity of up to 120 seats, Brazil’s aircraft maker Embraer.
In India, around 250 low-to-medium-density routes remain unused, as they are not profitable to run with narrow-bodied aircraft. … Original source on Gaea Times at : Brazil’s Embraer proposes regional jets for India.
Dubai World’s Nakheel property arm gets control of Limitless real estate unit in reshuffle
Dubai World further reshuffles business units
DUBAI, United Arab Emirates – The main property unit of Dubai World has been given control of another real estate company run by the indebted state conglomerate.
Dubai’s media office said in a statement dated Saturday that Dubai World’s Nakheel division will assume management responsibility for the conglomerate’s Limitless unit.
The company … Read this article on Gaea Times at : Dubai World’s Nakheel property arm gets control of Limitless real estate unit in reshuffle.
Land of Krishna protests ban on peacock feather trade
VRINDAVAN – The national bird needs to be protected, but there is a flip side to the proposed ban on the domestic trade of peacock feathers.
Just ask the hundreds of workers who earn their living selling products made from the multi-hued feathers.
In this land of the Hindu god Krishna, always portrayed with a peacock … Read the original article on Gaea Times at : Land of Krishna protests ban on peacock feather trade.
Negotiator says little progress in contract talks with striking LA-Long Beach port clerks
Talks resume but progress slow in LA port strike
LOS ANGELES – There has been “little progress” despite hours of late-night and weekend talks between striking clerical workers and shipping companies at the nation’s busiest port, negotiators said Saturday.
Stephen Berry, lead negotiator for the Harbor Employees Association, which represents the shippers, said talks for much of … Read more >>>.
Wave of Oregonians nearing end of jobless benefits; state extension is ending for 3,000
Wave of Oregonians nearing end of jobless benefits
EUGENE, Ore. – Oregonians by the thousands are using up the last of their unemployment benefits, many after as long as two years.
So far this year, more than 14,000 Oregonians have run out of jobless benefits, the state Employment Department reported Friday. That includes about 3,000 people drawing …. Original article : Wave of Oregonians nearing end of jobless benefits; state extension is ending for 3,000.
Colorado company recalls 66,000 pounds of bison meat after link to E. coli sicknesses
Colorado bison meat recalled after link to E. coli
HENDERSON, Colo. – A Colorado company has recalled 66,000 pounds of bison meat sold nationwide after federal agriculture officials linked it to E. coli sicknesses.
Rocky Mountain Natural Meats in Henderson recalled the ground and tenderized bison after it was linked to sickening five people in Colorado and …. Read the original article : Colorado company recalls 66,000 pounds of bison meat after link to E. coli sicknesses.
SBI’s West Bengal staff association defer stir
KOLKATA – The two-day strike that was called by State Bank of India (SBI) Staff Association (Bengal Circle) has been deferred following assurance by the management for discussions in the second week of this month.
“The strike (July 5 and 6) has been deferred following assurance from the management for discussions in the second week of … Read more >>.
UAE, Ireland agree on tax break for investors
Abu Dhabi, July 3 (IANS/WAM) The United Arab Emirates has signed an agreement with the Republic of Ireland to give tax relaxation to the investors of each other’s country.
According to an agreement signed between the Director General of finance ministry Younis Haji Al Khoori and the Ireland’s ambassador to UAE, people having businesses in both …. Original source : UAE, Ireland agree on tax break for investors.
Poland wants to set up metal packaging unit in Haryana
CHANDIGARH – Poland wants to set up a metal packaging factory in Haryana, its Ambassador to India, Piotr Klodkowski said Saturday.
Klodkowski, who met Chief Minister Bhupinder Singh Hooda in New Delhi, made the offer and sought co-operation of the state government in identifying land and getting other facilities, according to an official statement here. … Original article on : Poland wants to set up metal packaging unit in Haryana.
Gujarat organises event to promote millet
GANDHINAGAR – Gujarat Saturday celebrated “Nagli Mahotsav” to popularise delicacies made from the highly nutritious finger millet, grown in the predominantly tribal hilly district of Dang bordering Maharashtra.
An official spokesperson said here that during the event, the government-sponsored village development agencies arranged marketing drives to popularise delicacies made from nagli by women self-help groups. … Read this article on Gaea Times at : Gujarat organises event to promote millet.
Mulberry acreage to be expanded for boosting silk output
BANGALORE – The central government will facilitate expanding mulberry acreage to boost raw silk production and revive the sericulture sector, Textiles Minister Dayanidhi Maran said Saturday.
“The mulberry acreage will be increased to 2.13-lakh hectares this fiscal from 1.9-lakh hectares and provide irrigation facility to about 10,000 hectares to boost the sericulture sector, which has been … Read the original article on Gaea Times at : Mulberry acreage to be expanded for boosting silk output.
As US fights, China spends billions to build a footprint in Afghanistan
As US fights, China spends to gain Afghan foothold
KABUL, Afghanistan – Gul Akbar’s tiny store is crammed from floor to ceiling with rolls of electric cables, plugs of all sizes and piles of extension cords. Virtually everything comes from China, as do most of the appliances and electronics being sold in Kabul’s busy Nader Pashtun …. Read the original article : here.
With eye for bargains and stomach for risk, investors sift through wreckage of housing bust
Finding gold in them thar foreclosures
GILBERT, Ariz. – If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W. Juanita Ave. is as good a time and place as any to start.
The Cooper Ranch subdivision, tucked behind an industrial park 25 minutes from downtown … Original source on Gaea Times at : With eye for bargains and stomach for risk, investors sift through wreckage of housing bust.
Mortgage rates are a screaming buy. So where are the bargain-hunters?
Mortgage rates scream buy, but who is listening?
An odd scene has been playing out lately in the offices of mortgage brokers and bankers around the country.
Mortgage rates have sunk to levels not seen in more than a half-century – a seductive 4.58 percent for an average 30-year fixed loan. Yet brokers and lenders report not …. Source article : Mortgage rates are a screaming buy. So where are the bargain-hunters?.
Job cuts for state and local government workers could deepen in 2nd half of year
State and local gov’t workers’ job security fades
For years, most people who worked for state or local governments accepted a fact of life: Their pay wasn’t great. The job security was.
Now that’s gone, too.
States and municipalities are facing gaping budget gaps. Many have responded by slashing services, raising taxes and, for the first time in … Read : Job cuts for state and local government workers could deepen in 2nd half of year.
Hegde backs Yeddyurappa’s plea to ban ore exports
BANGALORE – Karnataka Lok Ayukta (ombudsman) N. Santosh Hegde who withdrew his resignation Saturday, said he supports state Chief Minister B.S. Yeddyurappa’s appeal to the prime minister to ban export of iron ore and other minerals.
“It is a wonderful idea. It can be put in place without difficulty, though there will be lobbies (against the … Read : Hegde backs Yeddyurappa’s plea to ban ore exports.
Manmohan hails public-private partnership
KANPUR – Hailing public-private partnership as the key to many success stories, Prime Minister Manmohan Singh Saturday emphasized the need for promoting the arrangement to enhance the rate of growth of the country.
Speaking at the 125th birth anniversary celebrations of noted industrialist Kamlapati Singhania at the Merchants’ Chamber of Uttar Pradesh here, he said: “our … Read : Manmohan hails public-private partnership.