Sunday, October 03, 2010

Business News – Newsletter for October 3, 2010

Sunday, October 3, 2010


India should tap African continent’s resources: Jacob Zuma

DURBAN – South African President Jacob Zuma has urged India to tap the resources of the African continent to strengthen economic ties and secure access to a one billion strong consumer market.

India should tap the resources of African continents resources and strengthen our economic ties South Africa is the gateway to the one billion … Read the original article on Gaea Times at : India should tap African continent’s resources: Jacob Zuma.

Now, Metro from Central Secretariat to Sarita Vihar too

NEW DELHI – Delhi Metro chief E. Sreedharan Sunday flagged off a new line from Central Secretariat to Sarita Vihar that will also provide access to the Jawaharlal Nehru Stadium, the main venue for the Commonwealth Games.

People going to Jawaharlal Nehru Stadium Sunday evening for the inauguration of the Commonwealth Games can use …. Source  : Now, Metro from Central Secretariat to Sarita Vihar too.

Rs.454-crore ADB loan for Himachal tourism development

SHIMLA – Himachal Pradesh has got a multi-million dollar loan from the Asian Development Bank (ADB) for developing tourism infrastructure and services, an official statement said here Sunday.

“The ADB has agreed in principle to fund various tourism development projects amounting to Rs.454 crore in different parts of the state,” said the statement, quoting Chief … Read this article on Gaea Times at : Rs.454-crore ADB loan for Himachal tourism development.

Brazil to elect new leader after 8 years under Silva; Rousseff could be first woman president

Brazil to pick successor for popular president

SAO PAULO – Brazilians vote Sunday in national elections that could see front-running candidate Dilma Rousseff become the country’s first female president, succeeding her popular ally and mentor.
Rousseff, a 62-year-old former guerrilla, represents the ruling Workers Party and is the hand-chosen successor of outgoing President Luiz Inacio Lula da … Read : Brazil to elect new leader after 8 years under Silva; Rousseff could be first woman president.

Medics meet Frontier Airlines flight in Denver after report of sick passenger

Medics meet Frontier Airlines flight in Denver

DENVER – Medics have met a Frontier Airlines flight at the Denver airport after a child on board was reported to potentially have a contagious disease.
Flight 64 from Puerto Vallarta, Mexico, to Denver landed as scheduled late Saturday afternoon.
Denver Health spokeswoman Betty Rueda says initial reports were the illness … Read the original article on Gaea Times at : Medics meet Frontier Airlines flight in Denver after report of sick passenger.

Sikorsky cuts 200 salaried jobs, citing global economy, weak commercial helicopter market

Sikorsky cuts 200 jobs, citing commercial slump

STRATFORD, Conn. – Sikorsky Aircraft says it’s cutting 1 percent of its global workforce, citing ongoing problems with the global economy and a slump in the market for commercial helicopters.
The maker of commercial and military helicopters said in a brief statement Friday the layoffs affect salaried workers only. Stratford, [..] Read the original article: here.

Exit poll, partial results show Latvians opt for stability while electing parliament

Latvians opt for political stability in key poll

RIGA, Latvia – Voters in Latvia, which has suffered one of the world’s worst recessions, agreed to endure more painful economic reforms by re-electing the country’s center-right government, a nearly complete vote count in Saturday’s election shows.
With over 90 percent of the ballots counted, the government of Prime … Original article on : Exit poll, partial results show Latvians opt for stability while electing parliament.

Budget pact would close $19 billion California deficit with spending cuts, rosy projections

Details emerge on no-tax California budget pact

SACRAMENTO, Calif. – After a record-long impasse, California legislators are set to vote this week on a no-new-taxes budget that relies on a combination of spending cuts and optimistic financial projections to close a $19 billion deficit.
Details of the agreement between Gov. Arnold Schwarzenegger and legislative leaders began emerging …. Original source  : Budget pact would close $19 billion California deficit with spending cuts, rosy projections.

National Dems blast GOP candidate Linda McMahon in Conn. Senate ad that calls her a ‘bad CEO’

National Dems bash McMahon in Conn. Senate race ad

HARTFORD, Conn. – National Democrats have begun airing a TV ad attacking the business record of the Republican candidate for Connecticut’s U.S. Senate seat, accusing former professional wrestling executive Linda McMahon of being “a bad CEO.”
The Democratic Senatorial Campaign Committee released a 30-second spot on Saturday. It …. Original article  : National Dems blast GOP candidate Linda McMahon in Conn. Senate ad that calls her a ‘bad CEO’.

French unions launch 3rd pension plan protest in a month

French unions launch new pension plan protests

PARIS – Hundreds of thousands of protesters young and old demonstrated in France on Saturday, waving union flags and pressing conservative President Nicolas Sarkozy to drop plans to raise the retirement age from 60 to 62. It was the third day of protests in a month.
Unions tried a new … Original article on : French unions launch 3rd pension plan protest in a month.

Whitman blames opponent for controversy over housekeeper’s immigration status

Whitman blames opponent for housekeeper flap

FRESNO, Calif. – GOP candidate Meg Whitman blamed Democratic opponent Jerry Brown for the controversy over an illegal immigrant housekeeper.
Early in their second debate Saturday, Whitman responded to a question about the flap by turning to Brown and saying he and his surrogates were to blame.
Brown fired back, saying Whitman …. Source article  : Whitman blames opponent for controversy over housekeeper’s immigration status.

TV exit poll shows Latvia’s center-right government winning re-election

TV exit poll: Latvian government wins re-election

RIGA, Latvia – Voters in Latvia, one of the world’s most recession-scarred economies, have extended the mandate to the current center-right government to continue painful economic reforms, results of an exit poll and partial count of Saturday’s election show.
An exit poll by the BNS news service and LTV television …. Source  : TV exit poll shows Latvia’s center-right government winning re-election.

Farmer Jon: US Senator breaks from mold spending weekends plowing fields and fixing tractors

Farmer Jon: US Sen. spends weekends plowing fields

BIG SANDY, Mont. – Even for a Montana grain farmer, the ripped and greasy clothes worn by Jon Tester on a typical weekend back home are a bit ragged. For a U.S. senator, they are downright grubby.
Tester is a bit of an anomaly in what has been dubbed …. Original source  : Farmer Jon: US Senator breaks from mold spending weekends plowing fields and fixing tractors.

Green team visits Himachal hydro plant

SHIMLA – A team of the National Environment Appellate Authority (NEAA) Saturday visited Kinnaur district where the Kashang hydro-power project is coming up and heard grievances of the local people against the project authorities.

The team, comprising NEAA chairman J.C. Kala visited the site of the run-of-the-river 195 MW project to assess the environment damage, …. Source  : Gaea News Network.

Electric utilities face shortage of line workers, train replacements with stimulus money

Aging work force inspires utility worker training

BERLIN, Conn. – In the worst recession in memory, Helen Duguay discovered that climbing utility poles is a better career choice than selling real estate.
A former real estate agent out of work since May, the 43-year-old mother of five is learning to scale poles and operate a crane, a … Original article on : Electric utilities face shortage of line workers, train replacements with stimulus money.

Brazilians voting for new president, leader Silva hoping to elect successor for victory lap

In election, Brazil’s Silva hopes for victory lap

SAO PAULO – The emcee’s voice begins rising to a crescendo rivaling that of any Las Vegas ring announcer, a yell driving through a dense tropical rain that concisely explains what Brazil’s adored president means to his nation.
“He is the man who turned our dreams into reality!” the …. Original article  : Brazilians voting for new president, leader Silva hoping to elect successor for victory lap.

Iraq to announce new figures on oil reserves

BAGHDAD – Iraq plans to announce Monday its latest figures on the number of crude oil reserves in the country, according to the ministry of oil.

Since the fall of Saddam Hussein, Iraq’s leaders have suggested that reserves could be up to three times greater than the current estimate of 115 billion barrels.
Asim Jihad, …. Source  : Gaea News Network.

Do business with India, Indians in Africa told

DURBAN – Africans of Indian origin should look at India as a “land of economic opportunity” and connect more through business and education, besides traditional social and cultural ties, Overseas Indian Affairs Minister Vayalar Ravi said at the inauguration of a conclave to connect the scattered Indian diaspora in the continent to the land of … Read more : Do business with India, Indians in Africa told.

North Korean gymnast who competed under 3 different birth dates being investigated

NKorean gymnast investigated for 3 birth dates

LAUSANNE, Switzerland – International gymnastics officials are investigating another case of possible age falsification, this time of a North Korean gymnast who listed three different birth dates.
North Korea and Hong Su Jong will be given a chance to explain the discrepancies at a hearing and in written statements, the …. Source  : North Korean gymnast who competed under 3 different birth dates being investigated.

Germany to support India’s stand against US protectionism

NEW DELHI – Germany will support India’s stand against protectionist policies, adopted by the United States in the last few months, at the major international forums, including the upcoming G20 Seoul Summit, its envoy has said.

“Protectionism is a poison. It is not good for any country. We share India’s concern and will fully … Original source on Gaea Times at : Germany to support India’s stand against US protectionism.

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