European regional airline Flybe announces purchase of up to 140 Embraer aircraft

Euro carrier Flybe to buy up to 140 Embraer planes

FARNBOROUGH, England – European regional airline Flybe says it has signed a contract to buy 35 Embraer 175 aircraft from the Brazilian manufacturer in a $1.3 billion deal.
Flybe said Tuesday at the Farnborough International Airshow that it also signed up for options on a total of … Read more »»».

Sensex slips from morning high of 18,000 plus

MUMBAI – A benchmark index for Indian equities Tuesday slipped from its morning highs with the overall market turning sluggish in afternoon trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,918.43 points, was ruling at 17,968.69 points, 40.27 points or 0.22 percent up from its previous close at 17,928.42 … Read more >>>.

China steps up crackdown on potentially dangerous ‘gutter oil’ skimmed from kitchen waste

China sounds alarm over filthy cooking oil

BEIJING – China has ordered food safety officials nationwide to step up the fight against “gutter oil” that is illegally skimmed from kitchen waste and resold, part of a government crackdown on foods tainted with potentially lethal substances.
China’s Cabinet, the State Council, said the black market trade in waste … Read the original article on Gaea Times at : China steps up crackdown on potentially dangerous ‘gutter oil’ skimmed from kitchen waste.

Those storm troopers are real! Costumed members of 501st Legion get ready to invade Comic-Con

Storm troopers get ready to invade Comic-Con

LOS ANGELES – On the outside, they all look the same: White armor, white helmets, black blaster rifles. Imperial soldiers from a galaxy far, far away, they’re loyal only to the Empire and recognizable everywhere as “Star Wars” storm troopers.
Inside, though, are different stories. Those armored clones are lovingly … Original article on : Those storm troopers are real! Costumed members of 501st Legion get ready to invade Comic-Con.

Optimistic start for Farnborough Air show fuels hope that worst is past for airlines

Air show fuels hope of better days for airlines

FARNBOROUGH, England – A flurry of orders for Airbus and Boeing signaled an optimistic start to the Farnborough International Airshow – and more are expected as the show enters its second day.
On Monday, deals worth more than $17 billion suggested the worst may be over for the … Read more : Optimistic start for Farnborough Air show fuels hope that worst is past for airlines.

R-Ifra bags Rs.3,000-crore Delhi-Agra road project

NEW DELHI – Anil Dhirubhai Ambani Group firm Reliance Infrastructure has signed an agreement with the National Highways Authority of India for developing the Rs.3,000 crore Delhi-Agra highway project.

“R-Infra has signed a concession agreement for six-laning of the 180-km stretch of the Delhi-Agra road project,” the company said in a statement.
The total … Original source on Gaea Times at : R-Ifra bags Rs.3,000-crore Delhi-Agra road project.

Afghanistan invites Indian firms to tap minerals

KABUL/NEW DELHI – Afghanistan has invited Indian companies to tap mineral deposits estimated to be worth up to $3 trillion, a move that is set to raise India’s stakes in reconstruction of the violence-torn country.

Afghan Minister for Minerals Wahidullah Shahrani met India’s External Affairs Minister S.M. Krishna in Kabul Monday night and welcomed Indian …. Source  : Afghanistan invites Indian firms to tap minerals.

Ryanair’s Q1 net profit falls 24 percent over business lost to volcanic ash, higher fuel costs

Ryanair Q1 profit falls over volcano, fuel costs

DUBLIN – Irish budget airline Ryanair reported a 24 percent drop in first-quarter net profit Tuesday, citing euro50 million ($65 million) in lost business from the Icelandic volcano as well as a rising fuel bill – but the carrier says it remains poised to keep expanding.
Net profit for …. Original article on Gaea Times at  : Ryanair’s Q1 net profit falls 24 percent over business lost to volcanic ash, higher fuel costs.

Indian-origin man offers world’s most expensive car wash

LONDON – An Indian origin man has started offering the world’s most expensive car wash service in Britain at 7,200 pounds.

Thirty-year-old car enthusiast Gurcharn Sahota takes up to 250 hours to systematically clean each vehicle with 100 cleaning fluids and wax and he ends up polishing the car inside and out five times.
He uses …. Original article  : Indian-origin man offers world’s most expensive car wash.

US sees big drop in child labour use by Indian carpet-makers

WASHINGTON – Finding sizeable drop in the use of child workers by India’s carpet industry, the US Labour Bureau has done away with the need for a guarantee from federal procurement agencies that such merchandise is free from child labour.

According to an official statement, after thorough third-party monitoring and detailed analysis of data collected on …. Read the original article  : US sees big drop in child labour use by Indian carpet-makers.

Backed by moderate Republicans, Democrats expect to extend jobless benefits with Senate vote

Democrats to give jobless benefits another vote
WASHINGTON – Millions of people stuck on the jobless rolls would receive an extension of unemployment benefits averaging $309 a week under a Senate bill that appears set to break free of a Republican filibuster.
Democrats have stripped the unemployment insurance measure down to …. Source  : Gaea News Network.

Trying to show he knows Americans’ woes, Obama points to himself to win support for agenda

For Obama, selling an agenda can get personal
WASHINGTON – Ever in search of the right face to humanize his agenda, President Barack Obama sure isn’t shy about using his own.
Never mind the limousine, the butlers and the presidential jet Obama has now. Or the Ivy League degrees and the millions of dollars in …. Source article  : Trying to show he knows Americans’ woes, Obama points to himself to win support for agenda.

AP-Univision Poll: For US Hispanics, high hopes blend with realism, deep economic stresses

AP-Univision Poll: US Hispanics mix hopes, strains

MIAMI – Yadilka Aramboles eyes her three young children playing on the sidewalk and sees college in their future – even though her husband’s modest accountant’s income barely covers the family’s most basic expenses.
“The situation is bad now, but I have faith that this is going to change,” says … Read more : AP-Univision Poll: For US Hispanics, high hopes blend with realism, deep economic stresses.

American Eagle is On the Rise

NEW YORK (GaeaTImes.com) — American Eagles are one of the costliest birds in the sky of economy. It is the official gold coin of USA govt. and is perhaps the most sought after coin in the world. The brand also includes coins of silver and platinum.
The reason that most of the people investing in … Read more : American Eagle is On the Rise.

Asian stocks mostly rise, shrugging off IBM result as China shares jump for second day

Asia markets mostly rise amid jump in China shares

BANGKOK – Asian markets mostly rose Tuesday, shrugging off weak U.S. corporate results as Chinese shares leapt for a second day amid expectations Beijing will moderate its efforts to cool the world’s No. 3 economy. European stocks were mostly lower.
Asia’s markets reversed course from a lackluster early … Read more : Asian stocks mostly rise, shrugging off IBM result as China shares jump for second day.

BlackBerry now touts Messenger to woo the young

TORONTO – Facing a fierce onslaught from Apple’s iPhone 4 and Google Android devices, BlackBerry maker Research In Motion (RIM) is pulling out all the stops to woo consumer and youth market.

The Waterloo-based Canadian wireless giant has just launched TV, Internet and poster ads to woo young people in North America by playing up its … Read more : BlackBerry now touts Messenger to woo the young.

SE Asian ministers urge Myanmar to hold free election; want to help bring NKorea back to talks

ASEAN urges Myanmar to hold free, fair election

HANOI, Vietnam – Southeast Asian foreign ministers gave Myanmar’s military-run government an “earful” while demanding that it hold free and fair elections – a rare stand by the cautious group often accused of overlooking rights abuses in member nations.
Foreign ministers from the 10-member Association of Southeast Asian Nations …. Read the original article  : here.

India shops for combat aircraft at Farnborough

FARNBOROUGH – Indian defence authorities, led by Minister of State for Defence M.M. Pallam Raju, are looking to see the international response to some of the latest multi-role combat aircraft on display at the Farnborough Air Show here which are being evaluated by India for upgrading its air force.

Pallam Raju is leading the Indian delegation, …. Source article on Gaea Times at  : India shops for combat aircraft at Farnborough.

Oil hovers below $77 as mixed signs from economy, stock markets extend July malaise

Oil hovers below $77 amid mixed signs on economy

SINGAPORE – Oil prices hovered below $77 a barrel Tuesday in Asia as crude traders wait for clearer signals on the strength of the global economy and stock markets.
Benchmark crude for August delivery was up 18 cents to $76.72 a barrel at late afternoon Singapore time in …. Source  : Gaea News Network.

ADB: China needs higher interest rates or stronger yuan to avoid inflation and ‘hard landing’

ADB: China may need rate hikes to avoid inflation

SINGAPORE – China should boost interest rates or allow its currency to strengthen to help curb inflation pressures, the Asian Development Bank said Tuesday.
China, like most Asian countries, boosted government spending and slashed lending rates last year to help spur economic growth amid a global recession. The …. Source  : ADB: China needs higher interest rates or stronger yuan to avoid inflation and ‘hard landing’.