Governments’ approach to CAG reports ’sluggish’: Meira Kumar

NEW DELHI – Lok Sabha Speaker Meira Kumar Monday criticised the “sluggish” approach of the central and state governments towards the Comptroller and Auditor General’s (CAG) reports and underlined that transparency was the driving force of good governance.

“The response of ministries in taking action on the CAG’s reports has not been very encouraging,” Meira Kumar …. Source  : Governments’ approach to CAG reports ’sluggish’: Meira Kumar.

Israel eases Gaza blockade, but restrictions on construction materials remain in place

Israel completes list of items banned in Gaza
JERUSALEM – Israel on Monday redefined the rules of its Gaza Strip embargo, spelling out on the eve of Prime Minister Benjamin Netanyahu’s White House visit what will be restricted from entering the territory under a much-eased land blockade.
Officials said Israel would allow in virtually all …. Source article on Gaea Times at  : Israel eases Gaza blockade, but restrictions on construction materials remain in place.

President calls for better delivery of welfare schemes

HYDERABAD – President Pratibha Patil Monday called for making delivery systems more effective and non-corrupt to ensure that the benefits of welfare programmes reach all segments of society.

Inaugurating the 500th year of the coronation of Vijayanagara ruler Sri Krishnadevaraya here, she said modern day rulers and policymakers could draw many lessons from the legacy of …. Source article on Gaea Times at  : President calls for better delivery of welfare schemes.

Shutdown disrupts life in Uttar Pradesh

LUCKNOW – Bharatiya Janata Party (BJP) and Samajwadi Party activists Monday took to streets, stopped trains and clashed with police in Uttar Pradesh to enforce an all-India shutdown in the state against rising prices of food and other essential commodities.

BJP leaders including Arun Jaitley, Mukhtar Abbas Naqvi and Lalji Tandon joined hundreds of party activists … Read more : Shutdown disrupts life in Uttar Pradesh.

World stocks mixed after weak jobs report raises worries over US economic recovery

World stocks mixed on new worries over US recovery

BANGKOK – World stocks were mixed Monday in light trading, with some markets dragged down by a disappointing jobs report from the U.S. and concerns over bank lending and slackening growth in China.
Oil prices hovered above $73 a barrel in Asia as investors worried about a weak …. Original source  : World stocks mixed after weak jobs report raises worries over US economic recovery.

All India stir hot topic on twitter

NEW DELHI – The all-India strike called by opposition parties against rising fuel prices made quite an impact on the virtual world too, with ‘Bharat bandh’ being the top trend topic on Twitter, beating the American Independence Day.

On the home page of twitter, the phrase, ‘Bharat Bandh’ (India strike), was at the head of the …. Original article on Gaea Times at  : All India stir hot topic on twitter.

Near total shutdown in Madhya Pradesh

BHOPAL – Madhya Pradesh saw a near total shutdown Monday as part of a daylong strike called by opposition parties against the hike in fuel prices. Protesters clashed with the police at several places and over 200 of them were arrested.

The strike hit normal life in capital Bhopal, Jabalpur and Gwalior cities. At a …. Source article  : Near total shutdown in Madhya Pradesh.

China projects won’t affect Brahmaputra water flow: Minister

NEW DELHI – China has told India it will only carry out ‘run-of-the-river’ projects on the Brahmaputra that will not affect the flow of water, says Water Resources Minister Pawan Kumar Bansal.

“There is intimation from China that it will only carry out run-of-the-river projects, which would not affect the flow of water from the Brahmaputra …. Source article on Gaea Times at  : China projects won’t affect Brahmaputra water flow: Minister.

Oil hovers above $73 as traders eye uneven US recovery amid light holiday trading

Oil hovers near $73 amid light 4th of July trading

SINGAPORE – Oil prices hovered above $73 a barrel Monday in Asia as investors worried about a weak U.S. economic recovery amid light holiday trading volume.
Benchmark crude for August delivery was up 22 cents to $72.36 a barrel at late afternoon Singapore time in electronic trading …. Read the original article  : here.

Shutdown against rising prices complete in Kerala

THIRUVANANTHAPURAM – The nationwide shutdown called by opposition parties was total in Kerala, a Left-ruled state, with schools and colleges shut and public transportation going off the roads.

Attendance in private and government offices was minimum and all educational institutions were given a day off. Shops and markets across the state remained shut.
All university and …. Read the original article  : Shutdown against rising prices complete in Kerala.

Lloyds Banking Group sells majority stake in Bank of Scotland Integrated Finance

Lloyds Banking Group sells control of finance unit

LONDON – Lloyds Banking Group has agreed to sell a controlling stake in its Bank of Scotland Integrated Finance business.
Lloyds said monday that Coller Capital, a private equity company, is paying 332 million pounds ($504 million) for a 70 percent stake in the unit. Lloyds will remain as …. Original article on Gaea Times at  : Lloyds Banking Group sells majority stake in Bank of Scotland Integrated Finance.

Free facebook access for Airtel users for two months

NEW DELHI – Leading telecom operator Bharti Airtel has made access to online social networking site Facebook free for its over 130 million subscribers, the company said Monday.

The offer will, however, be available only for two months till Aug 31.
The Facebook site will be available in English, Hindi and five more Indian languages – … Read more »».

Near total shutdown in Jammu

JAMMU – Jammu witnessed a near total shutdown Monday following the opposition call for a nationwide stir against rising fuel prices.

The strike in Jammu was marked by rallies and processions. Shops and business establishments were closed and public transport too remained off the roads.
“It’s shocking that the UPA (United Progressive Alliance) government is oblivious … Read more : Near total shutdown in Jammu.

Strike over fuel price hike puts India on hold (Afternoon Lead)

NEW DELHI – Flights cancelled, trains disrupted, trucks and buses off the roads and shops and educational establishments closed — life was on hold in many parts of India Monday due to a daylong shutdown called by opposition parties against the hike in fuel prices.

Though the response to the shutdown varied from state to state, …. Source  : Gaea News Network.

Roads blocked, markets closed in Delhi

NEW DELHI – Huge traffic snarls, blocked roads and protests in the national capital marked the daylong shutdown called by opposition parties against the rising fuel prices.

Shutters were down in most shops in the city, with small groups of people roaming the streets to enforce the strike, especially to check the stray shopkeepers who had …. Source  : Gaea News Network.

Sterlite-Leighton to build multipurpose berth at Paradip port

BHUBANESWAR – A consortium of Sterlite Industries and Leighton Contractors will build a multi-purpose berth at Orissa’s Paradip port at an estimated cost of Rs.387.31 crore, a port official said Monday.

“The board of trustees of the Paradip Port Trust has approved issue of letter of award in favour of the consortium at a revenue … Read the original article on Gaea Times at : Sterlite-Leighton to build multipurpose berth at Paradip port.

Hundreds court arrest in Orissa

BHUBANESWAR – Hundreds of activists of non-Congress parties courted arrest in Orissa Monday during a dawn-to-dusk nationwide shutdown to protest against the fuel price hike in India.

Activists of the Communist Party of India (CPI), Biju Janta Dal (BJD) and Bharatiya Janata Party (BJP) offered themselves for arrest during separate protests here.
“The … Read : Hundreds court arrest in Orissa.

Sensex volatile, broader markets steady

MUMBAI – A key index for Indian equities Monday was trading volatile in a narrow range even as broader markets were steady, although the volume was very low as many traders were inactive because of the “Bharat Bandh” called by opposition parties against the rise in fuel prices.

The 30-scrip sensitive index (Sensex) of the …. Read the original article  : Sensex volatile, broader markets steady.

Demand for vegetables from Asia, Africa, Latin America provide opportunity for small farmers

Farmers find opportunity in immigrant vegetables

SOUTH DEERFIELD, Mass. – Maxixe, a Brazilian relative of the cucumber, is relatively unknown in the U.S., but it may one day be as common as cilantro as farmers and consumers embrace more so-called ethnic vegetables.
Agriculture experts at the University of Massachusetts at Amherst and elsewhere are teaching farmers to …. Source  : Gaea News Network.

Poor response to strike call in Punjab, Haryana

CHANDIGARH – Punjab and Haryana witnessed a lukewarm response to the nationwide strike called by opposition parties Monday against rising fuel prices.

All educational institutes, banks, hospitals, shops and transport services in the region, including Chandigarh, functioned normally.
“I thought buses will not run. But everything is normal and there is no bandh like situation,” … Original article on : Poor response to strike call in Punjab, Haryana.

World stock markets higher as China shares jump but rebound may be shortlived

World markets higher on China rebound
BANGKOK – A jump in Chinese shares led world markets higher Tuesday as investors scooped up stocks that had been pummeled to multi-month lows but some analysts doubted the rebound would last.

Weaker data from major economies over the past few weeks has diminished confidence in a strong rebound from last … Read more >>>.

BSP organises protests against price rise

LUCKNOW – Uttar Pradesh’s ruling Bahujan Samaj Party (BSP), which kept away from Monday’s all-India shutdown, staged state-wide protests Tuesday against price rise, a spokesman said.

BSP activists staged demonstrations and held public meeting all over the sprawling state but the event was peaceful and caused no disruption to others, the spokesman said.
According to BSP, …. Source  : Gaea News Network.

China objects to US sanctions against Iran, saying UN sanctions don’t need expanding

China objects to US sanctions against Iran
BEIJING – China said Tuesday that the United States and other countries should not expand on the latest U.N. sanctions imposed on Iran over its nuclear program.
China did not exercise its veto power last month when the U.N. Security Council approved sanctions that target Iran’s Revolutionary Guard, …. Source article on Gaea Times at  : China objects to US sanctions against Iran, saying UN sanctions don’t need expanding.

African Development Bank calls continent’s economic recovery ’spectacular’

African Development Bank bullish on continent

JOHANNESBURG – Africa is making a “spectacular” recovery from the global recession thanks to decades of market reform and strong trade ties with China, the chief economist for the African Development Bank said Tuesday.
Mthuli Ncube, presenting the annual economic forecast of the multilateral bank dedicated to alleviating poverty and boosting …. Original source  : African Development Bank calls continent’s economic recovery ’spectacular’.

Blockade in Delhi over water crisis

NEW DELHI – Over 250 people in east Delhi blocked roads, damaged buses and stoned policemen here Tuesday after going without water in their homes for 10 long days, police said.

The residents of Kondli said they were frustrated because repeated petitions to the authorities had had no effect. “The government officials took no action,” one …. Source  : Gaea News Network.

Oil rises to near $73 in Asia as investors eye stocks, euro gains

Oil rises to near $73 as stocks, euro gain

SINGAPORE – Oil prices rose to near $73 a barrel Tuesday in Asia, joining gains in stock markets and the euro.
Benchmark crude for August delivery was up 42 cents to $72.55 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. … Read : Oil rises to near $73 in Asia as investors eye stocks, euro gains.

India can compete with China in boilers

CHENNAI – Indian boiler manufacturers can compete with Chinese companies if China depegs its currency, yuan, from the dollar and let it move more freely within a basket of currencies, said a boiler manufacturer here.

Many private power projects in India are being executed with Chinese equipment as they are cheaper and available nearly off the … Read : India can compete with China in boilers.

Asian stock markets higher as China shares jump but rebound may be shortlived

Asian markets higher on China rebound
BANGKOK – A jump in Chinese shares led Asian markets higher Tuesday as investors scooped up stocks that had been pummeled to multi-month lows but some analysts doubted the rebound would last.

Weaker data from major economies over the past few weeks has diminished confidence in a strong rebound from last … Original article on : Asian stock markets higher as China shares jump but rebound may be shortlived.

Sensex extends gains, IT stocks shine

MUMBAI – A benchmark index for Indian equities Tuesday extended its morning gains and was up 109 points, helped by buy-ins in IT stocks and heavyweight Reliance Industries, as investors turned bullish with the revival of the monsoon.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,402.68 points, was … Read more >>>.

Railways to take another day to restore normalcy

NEW DELHI – A day after a nationwide shutdown disrupted over 265 train services, Indian Railways Tuesday said it will take another 24 hours to restore full normalcy even as many diverted trains started reaching their destinations.

“In situations like these, it takes at least a day, if not more, to restore normalcy,” a senior official …. Read the original article  : Railways to take another day to restore normalcy.

Rail link in Ethiopia contrasts proactive China with languid India

NEW DELHI – On the rooftop of Africa, the development of Ethiopia’s rail network is demonstrating the different working models of India and China – as both of them are scrambling to get lucrative contracts in the continent.

As India waited for Ethiopia to come with a specific request for help, the Chinese moved in quickly …. Read the original article  : here.

Toyota knew spring problem behind Lexus recall 2 years ago, but did not see recall as needed

Toyota knew about Lexus problem 2 years ago

TOKYO – Toyota knew two years ago about the engine problem behind its latest Lexus recall, even changing the spring part to correct it, but did not think a recall was warranted until recently, a company official said Tuesday.
Toyota Motor Corp. started Monday a global recall over engine …. Source  : Toyota knew spring problem behind Lexus recall 2 years ago, but did not see recall as needed.

Obama, Netanyahu to focus on getting Israelis, Palestinians to begin direct peace talks

Obama, Netanyahu to focus on peace talks
WASHINGTON – President Barack Obama and Israeli Prime Minister Benjamin Netanyahu headed into a White House meeting Tuesday with the same goal: trying to move the Israelis and Palestinians to resume face-to-face peace talks.
Netanyahu on Sunday endorsed the U.S. call for direct talks between the …. Original article on Gaea Times at  : Obama, Netanyahu to focus on getting Israelis, Palestinians to begin direct peace talks.

Cash-strapped post office announcing plans for rate increase, likely to top inflation rate

Post office plans to announce new rate increase

WASHINGTON – Battered by massive losses, the Postal Service wants to raise rates to bring in more money.
Postal officials scheduled a briefing Tuesday to discuss the amount of the increase, which will go to the independent Postal Regulatory Commission for review.
The boost comes as no surprise. Postmaster General …. Source  : Cash-strapped post office announcing plans for rate increase, likely to top inflation rate.

Business as usual in Mumbai after protest

MUMBAI – A day after the nationwide shutdown called by opposition parties to protest against the fuel price hike, life returned to normal in Mumbai Tuesday.

With most offices remaining shut Monday, office goers felt Tuesday was the first day of the week. “With not being able to go to work yesterday, today seems like … Read : Business as usual in Mumbai after protest.

Neyveli Lignite workers call off strike after wage accord

CHENNAI – Two major unions of the Neyveli Lignite Corporation Ltd (NLC) called off their six-day strike Tuesday after hammering out a wage agreement.

The two unions – DMK-backed NLC Workers Progressive Union (NLCWPU) and PMK affiliated Pattali Thozil Sangam (PTS) – had the majority of the 14,000 permanent workers and the support of other …. Source article on Gaea Times at  : Neyveli Lignite workers call off strike after wage accord.

Set up telecom appeal board, says Dhaka parliamentary panel

DHAKA – A committee of Bangladesh’s parliament has opposed arbitrary government powers to punish erring firms in the telecom and IT sectors and recommended the setting up of a telecom appeal board.

Responding to concerns expressed by two largely private-run sectors that have significant foreign investments, the parliamentary standing committee on post and telecommunications ministry recommended …. Original article  : Set up telecom appeal board, says Dhaka parliamentary panel.

British Airways crew vote on new offer

LONDON – British Airways (BA) cabin crew began voting Tuesday on a new offer by the airline aimed at averting fresh strikes over the management’s cost-cutting decisions.

The management made the offer last month when the crew went on a strike disrupting BA’s flight schedules leading to a 11.1 percent fall in passenger numbers.
The …. Source article  : British Airways crew vote on new offer.

EU concerned over garment sector violence in Bangladesh

DHAKA – The European Union (EU), whose member-nations are among the major importers of Bangladeshi readymade garments, has expressed “concern” at the prospects of consignment delays caused by continuing industrial violence.

A three-member delegation led by the EU Ambassador Stefan Frowein met Labour minister Khandakar Mosharraf Hossain and spoke about their concern.
They told …. Source article  : EU concerned over garment sector violence in Bangladesh.

British job market bleak for fresh graduates

LONDON – An estimated 500,000 British graduates are about to join the queue for jobs this year, but the market has become tougher with employers raising the bar for minimum education qualifications.

Most employers in Britain will not be recruiting graduates with lower than a 2:1 pass degree, equivalent to a second class honours degree with … Read more : British job market bleak for fresh graduates.

World shares down as Wall Street gains fail to lift region amid jitters about recovery

World stock markets fall despite Wall Street gains

BANGKOK – World markets retreated Wednesday, with investors losing their appetite for stocks after a disappointing U.S. services report pointed to an anemic recovery in the world’s largest economy.
Oil prices hovered below $72 a barrel as traders prepared to assess weekly crude supply data for signs of recovering … Read : World shares down as Wall Street gains fail to lift region amid jitters about recovery.

World Bank to assist livelihood project in northeast India

AGARTALA – The World Bank will provide Rs.5 billion to four north eastern states of Mizoram, Nagaland Sikkim and Tripura to create self-employment opportunities for the tribals and poor people living in rural and remote areas.

The Bank would provide the assistance for the North East Rural Livelihood Project (NERLP), starting this financial year (2010-11). … Original article on : World Bank to assist livelihood project in northeast India.

Will drought haunt Bihar farmers again?

PATNA – It’s a different year, but little has changed. Farmers in many Bihar districts are a worried lot as scanty monsoon rains have badly affected paddy sowing and triggered fears of a drought – just like last year.

Maheshwar Singh, a farmer in Aurangabad district, fears he will not be able to complete paddy sowing … Read this article on Gaea Times at : Will drought haunt Bihar farmers again?.

Oil hovers below $72 in Asia as traders eye supply data amid fears of slowing US economy

Oil hovers below $72 ahead of US crude supply data

SINGAPORE – Oil prices hovered below $72 a barrel Wednesday in Asia as traders look to weekly crude supply data for signs of recovering U.S. demand.
Benchmark crude for August delivery was down 26 cents to $71.72 a barrel at late afternoon Singapore time in electronic trading … Read more : Oil hovers below $72 in Asia as traders eye supply data amid fears of slowing US economy.

Harrowing time for residents, passengers in Haryana

AMBALA/KURUKSHETRA – Thousands of train passengers and residents of Haryana’s Ambala and Kurukshetra districts had a terrible time as incessant rains breached riverbanks triggering distressing floods.

People in the affected areas complained that civil and railway authorities had failed to provide them drinking water and food over the past 24 hours.
Nearly a dozen trains, including … Read the original article on Gaea Times at : Harrowing time for residents, passengers in Haryana.

Embattled CEO of BP Hayward arrives in Abu Dhabi to meet business partners as spill costs rise

BP’s Hayward flies to Mideast to meet ‘partners’

DUBAI, United Arab Emirates – BP’s embattled CEO is in Abu Dhabi to meet business partners amid speculation that the oil giant is looking to drum up cash to cover clean up costs from the Gulf of Mexico oil spill.
Chief Executive Tony Hayward arrived in the Emirati capital …. Source  : Embattled CEO of BP Hayward arrives in Abu Dhabi to meet business partners as spill costs rise.

China’s Agricultural Bank poised to raise more than $22 billion in world’s biggest IPO

China’s AgBank may raise $22 billion in record IPO

SHANGHAI – Agricultural Bank, the last of China’s big state owned banks to go public, is set to raise more than $22 billion from an initial public offering, defying global market weakness to stage the world’s largest IPO.
Original forecasts had put potential proceeds from the offering at …. Source article  : China’s Agricultural Bank poised to raise more than $22 billion in world’s biggest IPO.

States hope roadside signs raise awareness about drunken driving, replace homemade memorials

States honor drunken driving victims with signs

FLORISSANT, Mo. – Missouri has joined a growing number of states offering roadside signs to honor victims of drunken driving.
Experts say the signs offer a dignified and safer alternative to the homemade memorials that dot roadways nationwide.
Highway officials worry people putting up or tending homemade memorials could be hit … Read the original article on Gaea Times at : States hope roadside signs raise awareness about drunken driving, replace homemade memorials.

Peugeot Citroen posts 17 percent rise in vehicle sales in best half-year ever

Peugeot Citroen has best half-year ever for sales

PARIS – Strong demand for new cars in China helped French auto maker PSA Peugeot Citroen SA report Wednesday a record number of unit sales in the first half of the year.
In a statement, the maker of the popular Peugeot 207 and Citroen C4 Picasso said that sales … Read : Peugeot Citroen posts 17 percent rise in vehicle sales in best half-year ever.

Sensex slips further, energy, banking scrips under presssure

MUMBAI – A benchmark index for Indian equities Wednesday was ruling 106 points lower in noon trade, slipping further from its morning lows, with energy, banking and metal stocks coming under selling pressure.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,623.66 points, was ruling at 17,508.44 points, 106.14 …. Read the original article  : Sensex slips further, energy, banking scrips under presssure.

Obama to use a recess appointment to put a new director in place for Medicare and Medicaid

Obama bypassing Senate for new Medicare chief
WASHINGTON – Bypassing Republicans eager to grill an administration official over the new health care law, President Barack Obama is planning to appoint the head of Medicare and Medicaid without Senate hearings.
Obama intends to use a so-called recess appointment to put Dr. Donald Berwick in charge of …. Source article  : Obama to use a recess appointment to put a new director in place for Medicare and Medicaid.

Aid group: NKorea sent relatives of officials blamed for currency reform to prison camp

Aid group: NKorea jailed kin of currency reformers

SEOUL, South Korea – North Korea sent nearly three dozen relatives of former economic officials to a prison camp over the country’s botched currency reform, a South Korean aid group said Tuesday.
North Korea’s Ministry of State Security last month sent 34 relatives of former economic official Pak Nam …. Original article  : Aid group: NKorea sent relatives of officials blamed for currency reform to prison camp.

Himachal rivers in spate, alert sounded

SHIMLA – A high alert was sounded in Himachal Pradesh as most rivers and their tributaries began flowing above the danger mark after heavy rains, officials said Wednesday.

The alert was announced in Kullu, Mandi, Kinnaur and Shimla districts.
“Continuous heavy rains during the past three days has increased the water level in the …. Read the original article  : Himachal rivers in spate, alert sounded.

NH 1, NH 22 open for traffic

CHANDIGARH – National Highway 1, which connects Ambala with Delhi, and National Highway 22, which connects Ambala with Chandigarh and Shimla, were opened for normal traffic Wednesday morning.

Some parts of these highways were closed after incessant rainfall had led to massive waterlogging with three to four feet of water.
… Read more »».

Samsung forecasts record 2nd-quarter profit operating profit on higher sales

Samsung forecasts record 2Q operating profit

SEOUL, South Korea – Samsung Electronics Co., the world’s largest seller of flat-screen televisions, forecast Wednesday that operating profit rose to a record high in the second quarter as sales increased.
The Suwon, South Korea-based company said it expects consolidated operating profit of between 4.8 trillion won and 5.2 trillion won …. Read the original article  : Samsung forecasts record 2nd-quarter profit operating profit on higher sales.

Mass backout from Hong Kong luxury apartment deal raises suspicions

Hong Kong luxury flat deal raises questions

HONG KONG – As the rest of the world smarted from the global financial crisis, it seemed that boisterously capitalist Hong Kong had landed a blockbuster property deal.
In October, Henderson Land Development Co. signed agreements to sell 25 units at a luxury apartment building with an expansive view of … Read the original article on Gaea Times at : Mass backout from Hong Kong luxury apartment deal raises suspicions.

Volkswagen India Planning Tieups

NEW DELHI, INDIA (GaeaTimes.com)- Volkswagen, the reputed German carmaker is looking forward to strengthen its footprint in the lucrative Indian car market. It already has launched a number of cars like Jetta and Passat in India. However, in this country the majority of customers opt for the small and compact cars. That explains … Read more >>.

Himachal airports remain shut for third day

SHIMLA – Air connectivity in Himachal Pradesh remained snapped for the third consecutive day Wednesday owing to torrential rains, an official said here.

“Flights between Delhi, Shimla, Kullu and Dharamsala have been cancelled,” an official of the Kingfisher Airlines said.
The flight from Delhi arrives at 8.45 a.m. at Shimla and 8.05 am at Kullu. In … Read : Himachal airports remain shut for third day.

Trains again delayed in Chandigarh, Punjab and Haryana

CHANDIGARH – Hundreds of passengers were Wednesday stranded at railway stations in Chandigarh and in various towns in Punjab and Haryana with heavy rains leading to trains being delayed or cancelled for the second consecutive day.

“The Shatabdi train from Chandigarh is running two hours later than its normal time. Rainwater is still accumulated … Original article on : Trains again delayed in Chandigarh, Punjab and Haryana.

Hasina promises higher pay to garment sector workers

DHAKA – Bangladesh Prime Minister Sheikh Hasina has promised an early pay revision for the country’s ailing garment sector, saying the current pay scales were “too little to meet the basic needs of life”.

She asked the workers to be patient and not resort to violence. By burning and vandalising factories, she said, the workers were … Original article on : Hasina promises higher pay to garment sector workers.

Sea Shepherd: Ban on activist was a strategy to help keep him from Japanese prison

Anti-whaling group says activist ban ‘a strategy’

WELLINGTON, New Zealand – An anti-whaling group banned one of its members for carrying a weapon onboard ship as a strategy to help him avoid prison in Japan, and he’s free to rejoin its protests, the group’s leader said Thursday.
A Tokyo court on Wednesday convicted New Zealander Pete Bethune …. Original article  : Sea Shepherd: Ban on activist was a strategy to help keep him from Japanese prison.

New bonus rules for British banks, more in store

LONDON – It is payback time for British banks whose heavy risk-taking caused the country’s worst financial downturn two years ago. New rules, led by cash caps on bonuses, are coming into force to make them more responsible to the general public.

The European Union passed a rule Wednesday which will have bankers’ cash bonuses capped … Read more »»».

Indumathi Subramanian, Vodafone DMG Found Dead in Swimming Pool

MUMBAI, INDIA (GaeaTimes.com) — The Deputy General Manager (DMG) of Vodafone, Indumathi Subramanian was found dead in a swimming pool of the ITC Grand Maratha hotel here yesterday.
Indumathi Subramanian was working as DMG of Chennai division. She had come to Mumbai along with a 10-member group to attend an international company training.
What seems very …. Source  : Indumathi Subramanian, Vodafone DMG Found Dead in Swimming Pool.

US banking on India, China for faster recovery

WASHINGTON – The US has expressed confidence that it will continue to make fast recovery from the global economic crisis thanks to its ability to make goods that emerging markets like India and China need.

“If you look across the rest of the world – China, India, Brazil, Mexico – emerging markets are very strong … Read the original article on Gaea Times at : US banking on India, China for faster recovery.

IOC against frequent fuel price revision

NEW DELHI – State-run oil marketing company Indian Oil Corp (IOC) Thursday said there will not be any revision in the oil price hike if global crude oil prices do not fluctuate wildly.

“We would not like to revise prices too frequently in case crude oil does not rise too much,” said IOC chairman …. Original article on Gaea Times at  : IOC against frequent fuel price revision.

China bans vulgar ads

BEIJING – Chinese authorities have issued new guidelines to curb the use of sex and vulgarity in advertisements of online video games.

The culture ministry issued a notice Tuesday, asking officials to check the vulgar marketing of cyber games, China Daily reported Thursday.
The government had also issued a notice June 22 banning the use of … Read more : China bans vulgar ads.

Food inflation eases to 12.63 percent

NEW DELHI – India’s annual food inflation dropped to 12.63 percent for the week ended June 26 from previous week’s 12.92 per cent with the easing of prices of food items.

But fuel prices jumped 18.02 percent during the period under review.
Data released by the commerce ministry Thursday showed an over 40 percent fall …. Source article on Gaea Times at  : Food inflation eases to 12.63 percent.

German exports rise 9.2 percent on month in May; imports surge 14.8 percent

German exports see strong rise in May
BERLIN – German exports rose by a healthy 9.2 percent on the month in May as an improving global economy stoked demand, while imports surged by an even stronger 14.8 percent, official data showed Thursday.

Germany, the world’s second-biggest exporter after China, exported goods and services worth euro77.5 billion ($97.7 …. Read the original article  : German exports rise 9.2 percent on month in May; imports surge 14.8 percent.

Flights resume in Himachal

SHIMLA – After air connectivity in Himachal Pradesh remained suspended for three days due to torrential rains, flights resumed in the state Thursday after the sky cleared.

“Flights between Delhi, Shimla, Kullu and Dharamsala have resumed,” an official of Kingfisher Airlines said. Kingfisher is the only airline that operates regular flights between Delhi and Himachal …. Original source  : Flights resume in Himachal.

As painful cuts, strikes endure, Greek government battles dissent

As cuts bite, Greece battles dissent
ATHENS, Greece – The Greek government is battling growing discontent over a new round of economic austerity, with fresh strikes, public hostility, and party dissent testing the nation’s ability to make it out of its debt crisis.

Unions on Thursday staged their sixth general strike this year – halting public transport … Read more : As painful cuts, strikes endure, Greek government battles dissent.

Sensex up 251 points in noon trade, Asian cues help

MUMBAI – A benchmark index for Indian equities rebounded Thursday and was ruling 251 points higher than its previous close on expectations of strong results from India Inc and positive Asian cues.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,536.48 points, was ruling at 17,722.34 points, 251.31 points … Read more : Sensex up 251 points in noon trade, Asian cues help.

Infosys Wooing Former Employees

BANGALORE, INDIA (GaeaTimes.com)- It is quite clear that the leading technology giants of India are trying top get back their previous employees back in place. They are finding it hard to cater to the growing demand for outsourcing services with fresh recruits. Another problem bugging these companies is the high rates of attrition. …. Original source  : Infosys Wooing Former Employees.

Obama set to boost Democratic Senate candidates, talk jobs in Missouri, Nevada

Obama as campaigner in chief in Missouri, Nevada
WASHINGTON – President Barack Obama is talking to voters again about jobs and the economy. But he’s also concerned with two jobs in particular: Senate seats for Democrats in Missouri and Nevada.
With Democrats facing uphill battles in the November elections, Obama is combining a couple of …. Read the original article  : here.

Crafts bonanza at Delhi’s new terminal 3

NEW DELHI – Gourmet papad in tricolour hues, homemade pickles, heritage jewellery…India will hawk its flavours at a huge indigenous lifestyle and crafts bazaar being set up in Indira Gandhi International Airport’s swank new terminal 3 (T3).

Spread over 4,000 sq ft, the Delhi Bazaar will open its doors to the flying fraternity at July-end. It … Read this article on Gaea Times at : Crafts bonanza at Delhi’s new terminal 3.

INSIDE WASHINGTON: Congress asks for studies before reining in the financial industry

INSIDE WASHINGTON: Study often replaces crackdowns

WASHINGTON – What to do about the size of too-big-to-fail banks? Order a study. How to hold stockbrokers accountable for their dealings with clients? Another study. How to ensure the reliability of credit rating agencies? Study that, too.
Time after time as Congress wrestled with contentious decisions on how to re-regulate …. Source  : INSIDE WASHINGTON: Congress asks for studies before reining in the financial industry.

Philips puts forward former computer chip arm chief Frans van Houten as new CEO

Philips nominates former division manager as CEO

AMSTERDAM – Royal Philips Electronics NV said Thursday it intends to nominate Frans van Houten, a former head of the company’s semiconductor division, as the new chief executive officer.
If approved by shareholders, Van Houten will replace outgoing CEO Gerard Kleisterlee in April.
The 50-year-old Van Houten led Philips’ consumer electronics …. Original article  : Philips puts forward former computer chip arm chief Frans van Houten as new CEO.

Reliance Mediaworks In Expansion Mode

MUMBAI< INDIA (GaeaTimes.com)- Anil Dhirubhai Ambani Group’s Film and media wing which is known as Reliance MediaWorks is trying to expand its market share in the emerging and lucrative multiplex chain business in India. It has bought 0.5 percent extra stakes in Fame India recently. After this purchase the stake of ADAG in Fame …. Read the original article  : Reliance Mediaworks In Expansion Mode.

ECB seen leaving rates on hold again, attention likely to focus on bank stress tests

ECB meeting to focus on banks
BERLIN – The European Central Bank is set to leave its benchmark interest rate at a record low of 1 percent for the 14th straight month as it meets Thursday amid lingering concerns over the health of the continent’s banking sector.

With little prospect of rates changing soon, ECB President Jean-Claude … Read more »».

Customer-targeted rituals not always good for business: Study

WASHINGTON – Singing ‘Happy Birthday’ to customers in a restaurant might create a good impression on some, but it can leave others embarrassed, even resentful, says a new study.

“Not all customers want to be entertained. Some just want to escape and be left alone. So the bottom line here is that businesses really need to …. Original article  : Customer-targeted rituals not always good for business: Study.

Oil rises to near $75 in Asia as stock market rally, US supply drop bolster confidence

Oil rises to near $75 on global stock rally

SINGAPORE – Oil prices climbed to near $75 a barrel Thursday in Asia, extending big gains from the previous session as global stock markets rallied.
Benchmark crude for August delivery was up 73 cents to $74.80 a barrel at midday Singapore time in electronic trading on the New … Read the original article on Gaea Times at : Oil rises to near $75 in Asia as stock market rally, US supply drop bolster confidence.

480-year-old store forced to close doors in Britain

LONDON – A 480-year-old shop in Britain, which survived two world wars, two depressions and three recessions, is finally closing down its shutters.

King Henry VIII was on the throne when Gill & Co became the country’s first ironmongers in Oxford in 1530, the Daily Mail reported Friday.
The country’s oldest hardware store has been in …. Original article  : 480-year-old store forced to close doors in Britain.

Real Estate Bid By Gitanjali Group

MUMBAI, INDIA (GaeaTimes.com)- Noted diamond jewelry retailer and manufacturer Gitanjali Gems Ltd is going to make foray into lucrative real estate business. Its maiden real estate project is all set to come up at Mumbai’s western suburb, Borivali. It is going to be a residential project as per the available news. The residential project …. Source  : Gaea News Network.

Sensex up 192 points, Bharti soars

MUMBAI – A benchmark index for Indian equities Friday rose considerably for the second consecutive session and was ruling 192 points higher than its previous close with telecom major Bharti Airtel leading the pack.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,667.85 points, was ruling at 17,843.78 points, 192.05 … Original source on Gaea Times at : Sensex up 192 points, Bharti soars.

Shares in Japan’s top energy explorer plunge nearly 13 percent after $6.6 billion fund raising

Shares in Japan’s top energy explorer plunge

TOKYO – Shares in Inpex Corp., Japan’s largest energy explorer, plunged nearly 13 percent to a record low Friday after announcing it would raise 587.2 billion yen ($6.6 billion) via new shares to fund an Australian gas development.
The sheer size of Inpex’s fund raising spooked investors, dragging down the …. Read the original article  : here.

ICICIdirect Down: Customers Cry Foul

NEW DELHI, INDIA (GaeaTimes.com)- The online investment services and retailing portal of ICICI Securities, ICICIdirect gave the customers a harrowing time yesterday when it went down unexpectedly. The breakdown took thousands of users totally by surprise and they were at a loss to understand what had hit the online portal. It got back to …. Original source  : ICICIdirect Down: Customers Cry Foul.

Three Chinese firms in top 10 of Fortune 500

BEIJING – Fifty-four Chinese firms are on the Fortune Global 500 companies list by revenue, with three in the top 10, a media report said Friday.

Three Chinese companies — Sinopec, State Grid and China National Petroleum — ranked seventh, eighth and tenth respectively, the China Daily reported, citing the latest ranking issued Thursday.
China’s private …. Original article  : Three Chinese firms in top 10 of Fortune 500.

India signs MoU with Canada’s Ontario province

TORONTO – Just over a week after the prime ministers of India and Canada signed nuclear and mining agreements, India Thursday signed a memorandum of understanding (MoU) with this country’s Ontario province.

Known as the economic powerhouse of Canada, Ontario – with Toronto as its capital – is considered the country’s mining capital, boasting the world’s …. Source  : India signs MoU with Canada’s Ontario province.

Train services resume on Ambala-Delhi route

AMBALA – Train services resumed on the Ambala-New Delhi section of the railways Friday morning after the track, which had sunk at a few places due to floods, was strengthened with sand bags.

Train traffic was stopped Thursday by railway authorities after the track started sinking near Shahbad town in Haryana, 65 km from Chandigarh.
Trains …. Read the original article  : Train services resume on Ambala-Delhi route.

Oil rises to near $76 in Asia as optimism on global economy boosts equities, commodities

Oil rises to $76 amid optimism on global economy

SINGAPORE – Oil prices rose to near $76 a barrel Friday in Asia, following stock markets higher as confidence rose the global economic recovery remains intact.
Benchmark crude for August delivery was up 25 cents to $75.69 a barrel at late afternoon Singapore time in electronic trading on … Read more : Oil rises to near $76 in Asia as optimism on global economy boosts equities, commodities.

LeGone: LeBron James leaves Cleveland to chase NBA titles with superstar trio in Miami

LeBron James walks away from Cleveland for Miami

LeBron James walked away from the comforts of home to chase an NBA championship.
Perhaps the most hysterically-hyped free agent in sports history, James announced Thursday night on national TV that he plans to leave Cleveland to join the Miami Heat for a chance to play with Olympic teammates … Read more : LeGone: LeBron James leaves Cleveland to chase NBA titles with superstar trio in Miami.

Three East Asian economies reach out to Bangladesh

DHAKA – Three East Asian countries – Japan, South Korea and China – have expressed their intent to enhance relations with Bangladesh.

Prime Minister Sheikh Hasina, who visited China and South Korea, is due to visit Japan in October to further the ties.
New Japanese Prime Minister Naoto Kan has formally written to invite … Read more »».

After begging LeBron to stay, northeast Ohio fans anguished by decision to go to Miami Heat

Cleveland fans anguished by LeBron’s decision

CLEVELAND – Humiliated and heartbroken, the fans in Cleveland turned their backs on LeBron James as suddenly as he had abandoned them for the Miami Heat on national television.
They tore his once-beloved No. 23 jersey off their backs and set them on fire. They threw rocks at a 10-story-tall billboard …. Original article  : After begging LeBron to stay, northeast Ohio fans anguished by decision to go to Miami Heat.

Internet, live TV on flights a reality soon

HONG KONG – Full broadband internet access, mobile phone service and even live television may soon be a reality on flights after a leading international airline revealed plans to introduce them.

Cathay Pacific, the flag carrier of Hong Kong, has announced plans to fit its entire fleet with internet broadband service, a mobile telephone …. Source article  : Internet, live TV on flights a reality soon.

China seizes more dairy products tainted with chemical that killed 6 babies sickened thousands

China finds more milk tainted with deadly melamine

BEIJING – Chinese authorities have found dairy products in at least two provinces tainted with an industrial chemical that killed six babies and sickened thousands more in 2008, state media said Friday.
The discovery suggests toxic milk remains a lingering danger in China despite a crackdown two years ago …. Source article on Gaea Times at  : China seizes more dairy products tainted with chemical that killed 6 babies sickened thousands.

Cavaliers owner Dan Gilbert blasts LeBron James, accuses MVP of quitting in playoffs

Cavs owner says LeBron James quit in playoffs

CLEVELAND – Angered and betrayed by LeBron James’ decision to leave for Miami, Cavaliers owner Dan Gilbert accused the NBA’s MVP of quitting during the playoffs.
Gilbert, who posted a letter to Cavs fans on the team’s website shortly after James announced his plans to sign with the Heat, …. Source  : Cavaliers owner Dan Gilbert blasts LeBron James, accuses MVP of quitting in playoffs.

Money Market Operations as on July 08 , 2010

…. Original article on Gaea Times at  : Money Market Operations as on July 08 , 2010.

LeGone: LeBron James leaves Cleveland to chase titles with superstar trio in Miami

LeBron James walks away from Cleveland for Miami

LeBron James walked away from the comforts of home to chase an NBA championship.
Perhaps the most hysterically-hyped free agent in sports history, James announced Thursday night on national TV that he plans to leave Cleveland to join the Miami Heat for a chance to play with Olympic teammates …. Original source  : LeGone: LeBron James leaves Cleveland to chase titles with superstar trio in Miami.

Asian stock markets advance after jobs report lifts Wall Street, eases global slowdown worries

Asia stocks gain amid respite from slowdown fears

SINGAPORE – Asian stock markets rose Friday after South Korea’s surprise interest rate hike and a fall in U.S. unemployment benefit claims eased the worries that Europe’s debt crisis will derail the global recovery.
South Korea’s central bank raised its benchmark interest rate from a record low – following … Read more »»».

Asian stock markets climb after US jobs report lifts Wall Street

Asian shares up after US jobs report
TOKYO – Most Asian stock markets rose Friday after an encouraging U.S. jobs report helped Wall Street extend gains.

Japan’s Nikkei 225 stock average inched up 0.01 percent to 9,536.24, and South Korea’s Kospi added 0.4 percent to 1,705.12.
Benchmarks in Taiwan and New Zealand rose, while Australian shares posted mild …. Source article on Gaea Times at  : Asian stock markets climb after US jobs report lifts Wall Street.

Bank of Korea raises key interest rate to 2.25 percent from record low 2 percent

Bank of Korea raises key rate from record low

SEOUL, South Korea – South Korea’s central bank unexpectedly raised its key interest rate from a record low amid prospects for robust growth as Asia leads the global economic recovery.
The Bank of Korea announced Friday that it lifted the benchmark seven-day repurchase rate to 2.25 percent from …. Original source  : Bank of Korea raises key interest rate to 2.25 percent from record low 2 percent.

Bank executives with negative emotions take fewer risks

LONDON – Executives with negative emotions tend to take fewer risks, a study based on a survey of managing directors and general directors of Spanish banks has found.

The study had a response rate of 48.3 percent and comprised questions bearing on emotional traits and demographic characteristics of the executives, reports the British Journal of …. Source  : Gaea News Network.

Finnair reports strong Asian growth

HELSINKI – Lifted by robust demand on the India sector, Nordic carrier Finnair has reported a 26 percent growth in Asian traffic this summer.

“The demand for Asian traffic is growing noticeably. We are increasing our capacity to destinations in Asia. Next summer, we will open a new non-stop route to Singapore,” said Finnair’s president and … Read : Finnair reports strong Asian growth.

Paswan demands rollback of fuel price hike

PATNA – The central government should roll back the fuel price hike, Lok Janshakti Party (LJP) chief Ram Vilas Paswan said here Saturday during a statewide shutdown in Bihar.

The price hike should be withdrawn in “people’s interest”, he said.
The central government ended curbs on petroleum pricing and hiked the prices of diesel, kerosene and …. Source  : Gaea News Network.

Executives with higher negative emotional traits take fewer risks: Study

LONDON – A new study has revealed that executives with higher negative emotional traits take fewer risks too.

The study combined two main emotional traits, positive (such as interest or enthusiasm) emotional traits and negative (such as nervousness or irritation).

“It is worth pointing out that although it may not seem so, these two types of … Read : Executives with higher negative emotional traits take fewer risks: Study.

No dearth of resources for agriculture: Pranab

KOLKATA – There will be no dearth of resources to usher in a green revolution in India’s east and Rs.400 crore has been reserved for this, Finance Minister Pranab Mukherjee said here Saturday.

“There will be no dearth of resources as the programme moves on. We need to ensure that benefits of the scheme reach the …. Original article on Gaea Times at  : No dearth of resources for agriculture: Pranab.

BP to install tighter cap on oil well

WASHINGTON – Efforts by BP Plc to replace an existing cap on the gushing oil well in the Gulf of Mexico could begin Saturday, leading to a possible halt of the leak by as early as next week.

Coast Guard Admiral Thad Allen, who is overseeing government efforts regarding the weeks-old oil spill, said the process … Read the original article on Gaea Times at : BP to install tighter cap on oil well.

National Multi Commodity Exchange revises membership fee structure

KOCHI – The National Multi Commodity Exchange of India Ltd. (NMCE), the first online National Multi Commodity Exchange in India has recently revised its Membership fees structure, according to a release issued.

The revised membership fees structure shall be applicable from 1st August, 2010.

The fees for all the three categories viz., Trading Membership ™, Trading Cum … Original article on : National Multi Commodity Exchange revises membership fee structure.

Curfew reimposed in Kashmir towns after fresh violence

SRINAGAR – Curfew was reimposed in Maisuma locality here and Jammu and Kashmir’s Anantnag and Pulwama towns Saturday after stone-pelting mobs clashed with security forces, authorities said.

“Miscreants resorted to stone pelting in Maisuma and in Anantnag and Pulwama during curfew relaxation. Curfew was reimposed at these places,” a senior police officer said.
Markets remained closed … Read more »»».

Rainmaker Declares Availability Of ViewCentral 7.0

CAMPBELL,CALIFORNIA (GaeaTimes.com)- One of the leading e-commerce solution provider Rainmaker Systems have announced the availability of next generation View Central 7.0. Reportedly, Rainmaker Systems aims to pull in more revenue for it’s channel partners with ViewCentral 7.0.
ViewCentral 7.0 which happens to be an on demand e-commerce solution provider is said to maximize the revenue earnings … Read this article on Gaea Times at : Rainmaker Declares Availability Of ViewCentral 7.0.

Kerala planters happy with soaring rubber prices

KOTTAYAM – Planters in Kerala are a happy lot with the soaring prices of natural rubber which are hovering around an all-time high of Rs.182 a kg as demand from the automobile industry is far outstripping the supply.

K.G. Thomas, a retired state government employee, says this is a moment to cherish. “You wait and … Read more >>>.

Finnish mobile software firm to launch Bangalore operations

BANGALORE – Finland-based mobile software firm Qvantel Oy, which has Ericsson, Nokia Siemens and TeliaSonera among its clients, is setting up a centre of excellence in Bangalore to provide software product engineering services to global mobile handset manufacturers and operators, a company official said.

“As part of our growth strategy, we are expanding our operations in …. Source  : Finnish mobile software firm to launch Bangalore operations.

After Obama criticism, Nevada Senate candidate Angle to seek GOP unity against Sen. Reid

GOP candidate Angle to rally GOP against Reid
HENDERSON, Nev. – U.S. Senate candidate Sharron Angle on Friday denounced Majority Leader Harry Reid as a “desperate man” who was distorting her conservative record while ignoring a state that leads the nation in joblessness, foreclosures and bankruptcies.
A day after President Barack Obama delivered a mocking … Read the original article on Gaea Times at : After Obama criticism, Nevada Senate candidate Angle to seek GOP unity against Sen. Reid.

Japan leader tones down tax talk as candidates rush to woo voters on eve of parliamentary vote

Democrats face test on eve of Japanese election
TOKYO – His popularity dented, Japanese Prime Minister Naoto Kan toned down his tax hike talk on the eve of Sunday’s parliamentary elections that are widely considered a referendum on the Democrats’ 10 months in power.
Candidates scurried around in campaign vans, speakers blaring and aides … Read more : Japan leader tones down tax talk as candidates rush to woo voters on eve of parliamentary vote.

China’s customs agency says exports up 35 percent in June, imports up almost 53 percent

China says exports up 35 percent in June
BEIJING – China’s customs agency on Saturday said that exports were up 35 percent in June from a year ago, while imports rose almost 53 percent. The figures showed the largest monthly trade surplus so far this year, $20 million, despite the debt problems of China’s largest trading …. Source article on Gaea Times at  : China’s customs agency says exports up 35 percent in June, imports up almost 53 percent.

3-fete: It might have been Miami-Wade County, but for now, the buzz of LeBron taking over Heat

Welcome to Miami, LeBron, as Heat begin the party

MIAMI – Done deal. LeBron James and Chris Bosh are members of the Miami Heat.
The Heat completed sign-and-trade deals with Cleveland and Toronto on Friday night for their two newest superstars. The Heat sent two future first-round and two second-round picks to the Cavaliers for James, while … Read more : 3-fete: It might have been Miami-Wade County, but for now, the buzz of LeBron taking over Heat.

Curfew relaxation to continue in Kashmir Valley

SRINAGAR – Curfew will continue to be relaxed throughout the Kashmir Valley except the Sopore and Kakpora towns, Jammu and Kashmir authorities said here Saturday.

“Curfew relaxation will continue in the valley except in Sopore and Kakpora. The situation is being closely monitored,” a senior police officer said.
The curfew was relaxed Friday to allow people …. Source article on Gaea Times at  : Curfew relaxation to continue in Kashmir Valley.

Pakistan experiments with new ways to quell decades-old insurgency in Taliban’s backyard

Pakistan tries new counterinsurgency strategy

CHAMALANG, Pakistan – With every bag of coal Madad Khan dumps into trucks at this mine reopened with the army’s help, Pakistan hopes it is moving closer to quelling a 60-year-old nationalist insurgency in this restive southwest province where Afghan Taliban leaders are rumored to hide.
Echoing U.S. counterinsurgency strategy in neighboring …. Source  : Pakistan experiments with new ways to quell decades-old insurgency in Taliban’s backyard.

Large payday lending company closing all Arizona locations because of loan law’s expiration

Payday lending company leaves Ariz. after law ends

PHOENIX – Another payday lending company’s decision to leave the state shows the expiration of a law that allowed high-interest loans is working, Arizona Attorney General Terry Goddard said.
Advance America Cash Advance Centers Inc. announced plans this week to close all 47 of its locations in Arizona, along …. Read the original article  : Large payday lending company closing all Arizona locations because of loan law’s expiration.

Seattle sends All-Star lefty Cliff Lee to Texas Rangers for Justin Smoak, 3 prospects

Mariners trade ace Cliff Lee to Texas Rangers

ARLINGTON, Texas – Cliff Lee is suddenly in the starting rotation for the AL West-leading Texas Rangers, who pulled off a big deal despite bankruptcy proceedings and unsettled ownership.
The Seattle Mariners sent the ace left-hander and reliever Mark Lowe to the Rangers on Friday for rookie first baseman … Read more »».

Recalls: Champion Nutrition Chocolate Peanut Butter Pure Whey Protein, sliced apples

Recalls: Chocolate peanut butter, sliced apples

The following recall has been announced:
- Champion Nutrition is recalling 5-pound containers of Champion Nutrition Chocolate Peanut Butter Pure Whey Protein because peanuts aren’t adequately declared as an ingredient on the product’s label. Those who have allergies to peanuts run the risk of serious or life-threatening allergic reactions if they … Original source on Gaea Times at : Recalls: Champion Nutrition Chocolate Peanut Butter Pure Whey Protein, sliced apples.

Nepal asks India to lift 1,000-rupee note ban

KATHMANDU – Less than a fortnight after an Indian minister was detained in Nepal for carrying banned Indian currency notes, Nepal has reiterated its call to India’s banking transaction regulator to lift the prohibition.

Yubaraj Khatiwada, governor of Nepal Rastra Bank (NRB), the republic’s apex bank, has asked Reserve Bank of India (RBI) Governor D. Subbarao …. Source  : Nepal asks India to lift 1,000-rupee note ban.

Nasdaq Dubai shares start trading on Dubai Financial Market in effort to boost business

Dubai’s 2 stock exchanges start to act as 1

DUBAI, United Arab Emirates – Dubai’s two stock markets are moving closer together by linking their trading platforms in a bid to boost the number of shares changing hands.
Shares listed on the Nasdaq Dubai stock exchange began trading on the more active Dubai Financial Market at the …. Original source  : Nasdaq Dubai shares start trading on Dubai Financial Market in effort to boost business.

Now Bihar has roads to drive development

PATNA – Octogenarian farmer Madhav Singh is a happy man these days. Though his village Alawalpur is only 12 km away from Bihar’s capital, it used to take him over two hours of travel each way for his weekly shopping and farm chores. Not any longer.

The state’s motto, “aap ki sarkar, aap ke dwaar” (your … Original source on Gaea Times at : Now Bihar has roads to drive development.

Patna to have its own Marine Drive (With Bihar roads story)

PATNA – The Nitish Kumar government in Bihar has given its go ahead to a Rs 2,100 crore driveway project that will recreate Mumbai’s Marine Drive along the river Ganga and will serve as an arterial road for the city.

The project will be dovetailed with the state’s plan for at least two large bridges on …. Original article on Gaea Times at  : Patna to have its own Marine Drive (With Bihar roads story).

Left deliberately misleading on fuel pricing: Ahluwalia

NEW DELHI – Planning Commission Deputy Chairman Montek Singh Ahluwalia has charged Left parties with deliberately misleading the public on pricing of petroleum fuels and said there was no alternative but to hike prices.

Ahluwalia also rubbished the theory that since oil retailing companies were making profits there was no reason to hike fuel prices, arguing …. Read the original article  : Left deliberately misleading on fuel pricing: Ahluwalia.

China’s foreign exchange reserves rise to $2.45 trillion in 2Q, 15.1 percent increase on year

China’s foreign reserves rise to $2.45 trillion

BEIJING – China’s foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
However, its reserves increased by only $7.2 billion in the second quarter, a sharp drop from the first quarter when it grew by $126.5 … Read this article on Gaea Times at : China’s foreign exchange reserves rise to $2.45 trillion in 2Q, 15.1 percent increase on year.

Bangladesh baby boom bigger than earlier estimates

DHAKA – Bangladesh’s family planning programme has shown a declining trend and its population may touch 185 million by 2020, higher than the earlier projection of 178 million, making their sustenance difficult, a senior official has said.

The country’s family planning programme, which had earned kudos from international agencies some years ago, has shown a …. Read the original article  : here.

Former tea garden owners are Tripura’s new entrepreneurs

KAMALPUR – A tea garden worker until seven years ago, 48-year-old Matang Tanglua is today among over 5,500 entrepreneurs who own small tea estates of their own, making meaningful contributions to the state that is emerging as a significant exporter of the commodity.

More than four decades ago, Tanglua’s poverty-stricken family had come to Tripura … Read more »».

Tourism eating into Goa’s fish?

PANAJI – Goans and hundreds of thousands of tourists visiting the state annually may soon have to pay a premium to sink their teeth into a fried mackerel or slurp their way through thick prawn curry. Mackerels, sardines and prawns could well be the first in the line of casualties of a fish famine …. Original source  : Tourism eating into Goa’s fish?.

Bangladeshi batteries seek global market

DHAKA – A Bangladeshi car battery maker is targeting export of a million pieces to Australia and Europe by next summer after covering markets across South Asia, including India, and Africa.

Rahimafrooz Globatt Ltd exported 175,000 pieces of car batteries worth $5.5 million during October-June period last fiscal.
India and other South Asian countries … Original source on Gaea Times at : Bangladeshi batteries seek global market.

Car plant a rare win for poor Indian farmers as battles rage with industry over land use

Land wars bedevil India’s rush to industrialize
SANAND, India – It doesn’t look like he’s won much from industrialization. Take his face, weathered beyond his 30 years, or the earth stuck to his bare ungainly feet.
Jaisar Khan Pathan, one in a long line of farmers, is simply too scrawny.
But Pathan, and scores like him …. Original article on Gaea Times at  : Car plant a rare win for poor Indian farmers as battles rage with industry over land use.

Brazil: Air France jet makes emergency landing after bomb threat; all aboard safe

Brazil: Air France jet lands after bomb threat

RIO DE JANEIRO – An Air France passenger jet headed from Rio to Paris made an emergency landing in northeastern Brazil Saturday night due to a bomb threat.
All 405 passengers and 18 crew members were safely evacuated from Air France Flight 443, said Jorge Andrade, a spokesman for [..] Read the original article: here.

Japan votes in parliamentary election seen as test for Democrats’ young rule

Japan votes in election seen as test for Democrats
TOKYO – Japan voted in a parliamentary election Sunday as the ruling Democrats highlighted reforms and cuts in wasteful spending during their 10-month rule – while apologizing for creating “confusion and mistrust” over tax-hike talk and a dispute involving a U.S. base.
The main opposition …. Original source  : Japan votes in parliamentary election seen as test for Democrats’ young rule.

Montana advocacy group shuts down its traveling medical marijuana caravans amid criticism

Mont. advocacy group shuts down cannabis caravans

HELENA, Mont. – A Montana advocacy group is shutting down its traveling medical marijuana clinics amid criticism that the so-called cannabis caravans have added thousands of people to the state registry without conducting thorough patient screenings.
The Montana Caregviers Network has hosted the one-day clinics in hotels and conference centers … Read more : Montana advocacy group shuts down its traveling medical marijuana caravans amid criticism.

Gaza aid ship leaves Greece for Egypt, Greek foreign ministry says

Gaza aid ship leaves Greece for Egypt
ATHENS, Greece – A ship commissioned by a Libyan charity organization has left Greece headed for the Egyptian port of al-Arish, and not for Gaza, as originally planned, according to Greek authorities.

The Moldovan-flagged cargo ship Amalthea left around 8 p.m. local (1700 GMT) Saturday from the port of Lavrio, …. Source article  : Gaza aid ship leaves Greece for Egypt, Greek foreign ministry says.

Governors seeking to spur economic recovery press Obama administration for more assistance

Struggling states seeking more aid from Washington

BOSTON – Governors hamstrung by the sluggish economic rebound in their states and bound to balance their own budgets are pressing anew for Washington to step up with more help, some say even if it means adding to the nation’s red ink.
Republicans and Democrats alike wrestled with how to … Read : Governors seeking to spur economic recovery press Obama administration for more assistance.

Mega Millions Winning Numbers

San Francisco (GaeaTimes.com) The Mega Millions winning numbers for July 9, 2010 are 1, 31, 33, 34, 50 and the Mega Ball is 41, and Megaplier is 4, as reported. The Mega Millions website seems to be down or very slow due to huge number of people checking their numbers on their website. There … Read more >>.

Sign of the times: 10-story-tall mural of LeBron James being taken down in Cleveland

LeBron’s mural coming down in Cleveland
CLEVELAND – LeBron James is being dropped off a building.

And his jerseys, at least the ones not on fire, are almost being given away.
Workers began dismantling the 10-story-tall iconic image of James on a mural in downtown Cleveland on Saturday. The billboard has dominated the city’s skyline for years but … Original article on : Sign of the times: 10-story-tall mural of LeBron James being taken down in Cleveland.

Big changes ahead for financial world from government crackdown more than a year in the making

New rules, big changes coming for financial world
WASHINGTON – Big changes are in store for the financial world from a government crackdown more than a year in the making.
Democratic leaders in the Senate are trying to secure the final votes needed to pass legislation this coming week that …. Original source  : Big changes ahead for financial world from government crackdown more than a year in the making.

Haryana to seek Rs. 1,022.94 crore aid for flood losses

CHANDIGARH – On the basis of a preliminary assessment of losses incurred in the flood-affected districts, Haryana has sought financial assistance of Rs.1,022.94 crore from the central government, officials said Saturday.

“We are going to submit a memorandum to the government of India seeking an approximate assistance of Rs.1,022.94 crore for the flood affected districts. This …. Read the original article  : Haryana to seek Rs. 1,022.94 crore aid for flood losses.