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Sri Lanka attacks Tiger lines in north
May 18, 2008 (AFP) – Sri Lanka mounted air and ground attacks against the Tamil Tigers across the island’s embattled northern district at the weekend, killing at least 17 rebels, the defence ministry said Sunday. Russian-built Mi-24 helicopter gunships backed troops advancing towards rebel-held areas in the Mannar area on Sunday, air force spokesman Wing […]
Inside Sri Lanka M&”’ factory
May 18, 2008 (LBO) – Built on the naturally sloping ground inside the 180-acre Thulhiriya Fabric Park, north of the Sri Lankan capital Colombo, surrounded by patches of greenery and pools of water stands a building. At first glance, the MAS group’s new lingerie factory that manufactures exclusively for Marks and Spencer looks like any […]
‘s Reliance Entertainment signs Hollywood deals
NEW DELHI, May 18, 2008 (AFP) – India’s Reliance Entertainment said Sunday it had signed deals with the production houses of top Hollywood stars such as Brad Pitt and George Clooney to make films worth about a billion dollars.The media group has signed separate deals with the production firms of Hollywood stars Nicolas Cage, Jim […]
Ex-Soviet economies hit by high inflation: EBRD
KIEV, May 18, 2008 (AFP) – The new market economies of the former Soviet block have shrugged off the global credit crunch but are facing slower economic growth because of rampant inflation, the EBRD said Sunday at its annual meet. The European Bank for Reconstruction and Development’s 17th annual two-day conference takes place this year […]
Biodiversity loss costs six percent of world income: report
BERLIN, May 17, 2008 (AFP) – The destruction of flora and fauna is costing the world two trillion euros (3.1 trillion dollars) a year, or six percent of its overall gross national product, according to a report trailed by German news weekly Der Spiegel.The European Union and German environment ministry-led research, entitled “The Economics of […]
Takeover Watch
May 17, 2008 (LBO) – Fitch Sri Lanka has placed the ‘A-(lka)’ rated Commercial Leasing Company on credit watch after Lanka Orix Leasing Company (LOLC) gained 67 percent control of the firm. CLC was started in 1988 by Commercial Bank of Ceylon PLC, Chemanex Limited, and Singer (Sri Lanka) Limited (‘A+(lka)’/Negative). It has a network […]
Tree Walkers
WASHINGTON, 2008 (AFP) – Scientists have long thought that walking is easier than climbing for primates — explaining why we humans ended up on our feet all the time.But researchers at two US universities have found that, at least for smaller primates like squirrel monkeys and lemurs, climbing is no more difficult and energy-consuming than […]
Sri Lanka clashes leave 16 Tiger rebels dead: military
May 17, 2008 (AFP) – Sri Lankan ground troops killed at least 16 Tamil Tiger rebels while airforce fighter jets bombed guerrilla targets in the island’s north, the defence ministry said on Saturday.The air sorties were carried out over the rebel-held Iranamadu area late on Friday, the ministry said in a statement. The offensive came […]
‘s quake zone survivors say
JUYUAN, China, May 17, 2008 (AFP) – Local residents have a simple answer for why the four-storey Juyuan Middle School collapsed during the China quake — killing hundreds of children — while nearby buildings remained standing.Greed. “Look at the building materials they used,” said one resident in this rural community in southwest China.“The cement wasn’t […]
Africans agree on custom union by September: Kenya
NAIROBI, May 17, 2008 (AFP) – Africa’s main trading bloc has agreed to finalise the details of a customs union by September to pave the way for its launch by the year’s end, Kenyan Trade Minister Uhuru Kenyatta said. Ministers of the 19-member Common Market for Eastern and Southern Africa (COMESA) ended a two-day meeting […]