Massive German growth helps eurozone economy expand by 1 percent in second quarter

Eurozone economy grows by 1 percent in 2nd quarter

LONDON – Official data show that the economy of the 16 countries that use the euro expanded by 1 percent during the second quarter, largely thanks to Germany, which enjoyed its fastest growth since reunification two decades ago.
The increase reported Friday by Eurostat, the EU’s statistics office, … Read the original article on Gaea Times at : Massive German growth helps eurozone economy expand by 1 percent in second quarter.

Nuclear bill report to be tabled Wednesday

NEW DELHI – The Parliamentary Standing Committee on Science and Technology, which is examining the nuclear liability bill, is expected to table its report next week, its chairman T. Subbirami Reddy said here.

“I am confident that the report will be tabled in parliament Wednesday,” Reddy told IANS.
Reddy said he was trying for a consensus … Original source on Gaea Times at : Nuclear bill report to be tabled Wednesday.

Oil rises above $76 in Asia, bouncing back from week’s losses as stock markets gain

Oil rises above $76 as world stocks bounce back

SINGAPORE – Oil prices rose above $76 a barrel Friday in Asia, clawing back some of this week’s losses as stock markets rebounded.
Benchmark crude for September delivery was up 46 cents at $76.20 a barrel at late afternoon Singapore time in electronic trading on the New York …. Source article  : Oil rises above $76 in Asia, bouncing back from week’s losses as stock markets gain.

US FDA commissioner says Chinese working hard to impove safety following quality scandals

US FDA head says China improving food, drug safety
SHANGHAI – The head of the U.S. Food and Drug Administration says China is improving its oversight of its exporters following a slew of scandals over bogus or substandard drugs and foods ranging from vaccines and infant formula to dog chow.
FDA Commissioner Margaret Hamburg said …. Original article on Gaea Times at  : US FDA commissioner says Chinese working hard to impove safety following quality scandals.

BlackBerry draws ‘firm line’ on access to key services

TORONTO – With India setting Aug 31 as the deadline for BlackBerry service providers to allow access to its encrypted data, the Canadian developer of this popular device, Research in Motion (RIM), Friday said it “has drawn a firm line” on the matter.

The company said it already provides telecom carriers some capabilities for “lawful” access …. Read the original article  : BlackBerry draws ‘firm line’ on access to key services.

World shares advance, snapping losing streak as investors scoop up beaten down stocks

World stocks snap losing run amid growth jitters

BANGKOK – World markets rebounded Friday, breaking a weeklong slump as investors scooped up beaten down stocks and Germany’s economy grew at its fastest pace for more than two decades.
But sentiment remained guarded as an overnight fall on Wall Street and a weak U.S. jobs report added to … Read more »».

Indian tourists prefer upscale packages in Malaysia

KUALA LUMPUR – Malaysian tourism industry was Friday urged to create more upscale high-quality travel packages for visitors from India, China and Middle East.

Malaysia Tourism Promotion Board chairman Victor Wee said the National Key Economic Area (NKEA) has forecast that tourists from these countries would increase to 25 percent from the current 15 percent in …. Source article  : Indian tourists prefer upscale packages in Malaysia.

India to link 12 more countries to Pan-African network

NEW DELHI – Twelve more African countries will be formally inducted into India’s flagship initiatives in tele-medicine and tele-education as part of the Pan-African network that will also establish a communication link between secretariats of their heads of states.

On Aug 16, Indian External Affairs Minister S.M. Krishna will have a video-conference with ministers of 12 …. Source  : Gaea News Network.

IAF to receive all six C-130J airlifters in 2011

NEW DELHI – The Indian Air Force (IAF) will receive the first two C-130J special operations aircraft from the United States in February 2011 and the remaining four ordered by the end of the year.

The Chief of Air Staff, Air Chief Marshal P.V. Naik told India Strategic defence magazine (www.indiastrategic.in) in an interview that the …. Source article on Gaea Times at  : IAF to receive all six C-130J airlifters in 2011.

Orange County Chopper: Customized Motorcycle Manufacturer

LOS ANGELES (Gaeatimes.com) — The owners of Orange County Choppers, Sr. Paul & Jr. Paul will be seen together sharing the screen of “American Chopper” in its new season. After the conflict between the dad and son, the duo is in action to create more innovative designs of motorcycles. The show is aired on TLC … Original article on : Orange County Chopper: Customized Motorcycle Manufacturer.

New warehouses being set up for storing foodgrains: Pawar

NEW DELHI – A day after the Supreme Court asked the central government to deal with the problem of foodgrains rotting in warehouses, Agriculture Minister Sharad Pawar Friday said the government was taking “appropriate action” and was in the process of setting up new storage facilities.

“The government, the FCI (Food Corporation of India) has …. Original source  : New warehouses being set up for storing foodgrains: Pawar.

Flight attendant taps into worker fantasy: walking out on job that’s more prison than passion

Flight attendant’s grand exit is a dream for some

NEW YORK – Hasn’t everyone thought about doing it?
When the cubicle started to feel more like a prison than a calling? When the bossiest boss had a smile that was just too smug? When the piddling wage seemed not to be worth the aggravation?
Defying the rules, telling …. Read the original article  : here.

German economic growth surges to 2.2 percent in 2nd quarter, best since reunification

Germany sees fastest growth since reunification

BERLIN – Germany’s economy surged ahead in the second quarter, growing 2.2 percent – the fastest pace for at least two decades and beating market forecasts – as a global recovery fed demand for its exports.
The first-quarter growth figure for Europe’s biggest economy also was revised upward Friday to 0.5 … Original source on Gaea Times at : German economic growth surges to 2.2 percent in 2nd quarter, best since reunification.

Sensex at day’s high

MUMBAI – A benchmark index for Indian equities Friday rose to its intra-day high in noon trade Friday with Asian cues remaining steady.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 18,080.29 points and was ruling 18,220.65 points, 146.75 points or 0.81 percent up from its previous close at …. Source  : Sensex at day’s high.

MakeMyTrip valuation soars 90 percent on Nasdaq debut

NEW YORK – MakeMyTrip, a pioneering Indian online travel portal, has made a dream debut on the US markets with its shares soaring over 90 percent after listing on the Nadaq, catapulting its valuation to $800 million.

“It is fair to say it’s been a fairytale listing for us now,” said Deep Kalra, chief executive officer …. Source article  : MakeMyTrip valuation soars 90 percent on Nasdaq debut.

Asian shares advance, snapping losing streak as investors scoop up beaten down stocks

Asia stocks snap losing run amid growth jitters

BANGKOK – Asian markets rebounded Friday, breaking a weeklong slump as investors scooped up beaten down stocks.
But sentiment remained as an overnight fall on Wall Street and a weak U.S. jobs report added to evidence the recovery in the world’s biggest economy is stumbling.
Economic figures from China and … Read more : Asian shares advance, snapping losing streak as investors scoop up beaten down stocks.

Oil rises above $76 in Asia, bouncing back from week’s losses as regional stocks gain

Oil rises above $76 as Asian stocks rise
SINGAPORE – Oil prices rose above $76 a barrel Friday in Asia, clawing back some of this week’s losses as regional stock markets rebounded.

Benchmark crude for September delivery was up 90 cents at $76.76 a barrel at afternoon Singapore time in electronic trading on the New York Mercantile … Original source on Gaea Times at : Oil rises above $76 in Asia, bouncing back from week’s losses as regional stocks gain.

New land port opens in Bangladesh

DHAKA – Bangladesh Friday opened a new land port at Akhaura in Brahmanbaria district that helps it connect with India’s Agartala city.

With the ceremonial opening of the new port, Bangladesh has 14 land ports that ensure better connectivity with India with which it has 4,300 km land border.
Bangladesh, India, Nepal and Bhutan are … Read more >>>.

German economic growth surges ahead to 2.2 percent in 2nd quarter

Germany economy grew by 2.2 percent in 2nd quarter

BERLIN – Official data show that the German economy – Europe’s biggest – grew by 2.2 percent in the second quarter compared with the previous three-month period. That was its best performance since reunification two decades ago.
Preliminary figures from the Federal Statistical Office showed Friday that growth … Read more »».

Steelmaker ThyssenKrupp reports quarterly earnings of $383 million as orders, revenues soar

ThyssenKrupp reports profit as orders soar

BERLIN – German steelmaker ThyssenKrupp AG says it earned ???298 million ($383 million) in the April-June quarter as orders and revenues both rose strongly in a recovering economy.
The profit reported Friday compared with a net loss of ???630 million a year earlier in the company’s fiscal third quarter.
ThyssenKrupp says that … Read more »».