Finnair launches advanced emissions calculator

HELSINKI – Nordic carrier Finnair has launched an advanced emissions calculator and says it is the “only one in the world to be based on actual quarterly cargo, passenger and fuel consumption figures, not averages or assumptions”.

“We wanted to devise a calculator whose figures are indisputable because transparency is one of the cornerstones of our …. Read the original article  : Finnair launches advanced emissions calculator.

Dubai World says it has 99 percent of lenders on board with its $24.9B restructuring bid

Dubai World wins over most creditors to debt plan

DUBAI, United Arab Emirates – Dubai World says it has won over nearly all its creditors to its plan to restructure $24.9 billion in debt.
The struggling state conglomerate said Friday it has the support of about 99 percent of its lenders, who represent nearly all the debt … Read the original article on Gaea Times at : Dubai World says it has 99 percent of lenders on board with its $24.9B restructuring bid.

Oil climbs to near $76 a barrel in Asia on improvement in economic indicators

Oil climbs to near $76 on economic indicators

BANGKOK – Oil prices climbed to near $76 a barrel Friday in Asia as better economic indicators from Japan to the U.S. boosted confidence that demand for fuel will improve.
Benchmark crude for October delivery was up $1.57 to $75.82 a barrel at late afternoon Bangkok time in electronic … Read more : Oil climbs to near $76 a barrel in Asia on improvement in economic indicators.

Spanish Accelya takes control of Kale Consultants for $21 mn

MUMBAI – Leading technology solutions provider to the global airline, logistics and travel (ALT) industry, Kale Consultants Friday said its promoters have sold their controlling stakes in the company to Spanish firm Accelya for Rs.97.52 crore ($21 million).

The deal makes the Barcelona-based Accelya the world’s largest back-office services provider for airlines.
“Under the …. Source article  : Spanish Accelya takes control of Kale Consultants for $21 mn.

Maryland features a competitive gov’s race _ with some tea party side drama in GOP primary

Tight gov’s race brewing in Democratic Maryland
ANNAPOLIS, Md. – Four years of budget woes, tax increases in 2007 and the national antiestablishment mood have given Republican Robert Ehrlich a shot at winning his old job back against Gov. Martin O’Malley in one of the most Democratic states in the country.
Ehrlich first must prevail … Original source on Gaea Times at : Maryland features a competitive gov’s race _ with some tea party side drama in GOP primary.

Japan revises up 2Q economic growth before announcing new stimulus details

Japan introduces new stimulus, better 2Q growth

TOKYO – Japan’s economy isn’t quite as weak as first thought, but it still needs help, the government said Friday as it unveiled details of a new $11 billion stimulus package.
Revised figures showed that gross domestic product expanded at an annualized rate of 1.5 percent in the April-June period, …. Source article on Gaea Times at  : Japan revises up 2Q economic growth before announcing new stimulus details.

ECB’s Trichet: phasing out special crisis funding for banks will take time

Trichet: phasing out crisis measures to take time

BERLIN – The European Central Bank’s president says it may take a while yet to phase out special efforts to keep banks supplied with credit in the wake of the financial crisis.
The ECB said last week that the remaining measures will stay for the rest of the year.
Trichet …. Original article on Gaea Times at  : ECB’s Trichet: phasing out special crisis funding for banks will take time.

Euro down slightly at $1.2684 after better US data, European bank jitters

Euro slightly lower at $1.2684
BERLIN – The euro is a little lower against the dollar after U.S. data showed a drop in the number of people signing up for jobless benefits and as jitters about the European banking sector persist.

The euro bought $1.2684 in Friday morning European trading, down from $1.2700 in New York late … Original article on : Euro down slightly at $1.2684 after better US data, European bank jitters.

POLITICAL INSIDER: Ex-Ambassador Bolton weighing presidential bid to push national security

POLITICAL INSIDER: John Bolton weighs a WH run
WASHINGTON – Former U.S. Ambassador to the United Nations John Bolton says he’s considering a White House run.
President George W. Bush’s top arms control official and later the nation’s top diplomat at the U.N., Bolton told Fox Business Network on Thursday that he is weighing a … Read more : POLITICAL INSIDER: Ex-Ambassador Bolton weighing presidential bid to push national security.

India’s July industrial output jumps to 13.8 percent

NEW DELHI – A 63 percent rise in capital goods production pushed India’s industrial output up to 13.8 percent in July, as against 7.1 percent in the previous month, according to official data released Friday.

The index of industrial production (IIP) had grown at 7.2 percent in July of 2009-10.
The double-digit growth is signifiant … Original source on Gaea Times at : India’s July industrial output jumps to 13.8 percent.

TVS Infotech soon to finalise South African foray

CHENNAI – TVS Infotech Ltd, a software solutions company, expects to finalise its South African foray strategy by the end of this year, a company official said here.

“By December, we will decide whether to have a joint venture with a local partner or operate on our own in South Africa. We are also setting …. Source  : Gaea News Network.

Obama to chastise Republicans on economy, tax cuts, policy at White House news conference

Obama to take GOP to task on economy, tax cuts
WASHINGTON – Striving to gain the upper hand on a crucial political issue, President Barack Obama is faulting Republicans for refusing to help him turn around the sluggish economy or support some proposed new tax breaks for businesses that the … Original source on Gaea Times at : Obama to chastise Republicans on economy, tax cuts, policy at White House news conference.

Experts disagree on whether big farms are riskier, but agree egg recall shows potential danger

Experts say big egg farms can mean big problems

CHAMPAIGN, Ill. – From the first days of the massive egg recall from two Iowa farms, one point been clear: When something goes wrong on a big farm, it’s going to be a big problem.
Petaluma, Calif., farmer Arnold Riebli acknowledges that because his operation includes more than … Read the original article on Gaea Times at : Experts disagree on whether big farms are riskier, but agree egg recall shows potential danger.

India’s July industrial output surges 13.8 percent, rebounding from a 13-month low in June

India’s July industrial output surges 13.8 percent

MUMBAI, India – India’s industrial output grew 13.8 percent in July – far more than expected – rebounding from a 13-month low in June and adding to pressure on the central bank to hike interest rates to curb inflation.
Manufacturing, which has the greatest weight in India’s index of industrial … Read more >>>.

US-India Business Council to focus on biotechnology

WASHINGTON – The US-India Business Council will embark on a life sciences executive mission to coincide with the Biotechnology Industry Organisation’s first annual international partnering conference in Hyderabad Sep 21-22.

Led by Amgen’s Romi Singh, executive director of Global Regulatory Affairs and Safety, the mission aims to increase industry cooperation, said the trade association which …. Source  : US-India Business Council to focus on biotechnology.

Malaysian Indian billionaire may invest in Indian venture

KUALA LUMPUR – An ethnic Indian, rated as the second richest Malaysian, may invest $250 million in a power production venture in India.

T. Ananda Krishnan’s Usaha Tegas Sdn aims to invest in KSK Energy Ventures Ltd, The Star newspaper said, quoting sources in the firm.
Usaha Tegas may provide as much as US$250 … Read more >>>.

US carriers limited to midnight hours as Tokyo Haneda airport opens to international flights

US airlines squeezed as Haneda goes international

TOKYO – Haneda airport will open up to international flights next month as Japan works to maintain Tokyo’s status as an Asian travel hub. But it comes with a big catch for U.S. airlines who’ve been squeezed into the least convenient time slots.
Opening Haneda to international flights makes a …. Source  : US carriers limited to midnight hours as Tokyo Haneda airport opens to international flights.

Indian markets closed Friday

MUMBAI – Indian equities markets were closed Friday on account of Eid.

The benchmark index of the Bombay Stock Exchange (BSE) has moved up 3.17 percent during the week at 18,799.66 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty rose 2.93 percent to close the week at 5,640.05 points.
Broader markets …. Source article on Gaea Times at  : Indian markets closed Friday.

Chinese firm to build hydro-power plants in Honduras

Tegucigalpa, Sep 10 (IANS/EFE) The Honduran government and Chinese company Sinohydro have signed an agreement to begin construction next year of three dams on the Patuca river to generate electricity up to 524 MW.

The Honduran president’s office did not indicate the cost of the dams but said that Sinohydro will fund the project with loans … Read more : Chinese firm to build hydro-power plants in Honduras.

$220 million World Bank credit for Bihar flood-affected

WASHINGTON – The International Development Association (IDA), the World Bank’s concessionary lending arm, has approved a $220 million credit to support rebuilding efforts in areas affected by the 2008 Kosi floods in Bihar.

The Bihar Kosi Flood Recovery Project will finance flood recovery efforts through the reconstruction of about 100,000 houses, 90 bridges and 290 kilometres … Read more »»».