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China to buy 3,400 new airplanes by 2026: Boeing
BEIJING, Sept 18, 2007 (AFP) – China, the world’s fastest growing aviation market, will need 3,400 new airplanes worth about 340 billion dollars over the next 20 years, US aircraft maker Boeing said Tuesday.The forecast marks a dramatic increase from an earlier prediction by Boeing of 2,900 aircraft in the period from 2005 to 2025. […]
Wall Street drops as anxiety high ahead of Fed meet
NEW YORK, Sept 17, 2007 (AFP) – Wall Street stocks fell Monday as anxiety ran high a day ahead of a crucial Federal Reserve meeting to decide the course of US interest rates. Shares in the Nasdaq Stock Market fell 1.43 percent to 34.41 on reports it was close to a deal to sell its […]
World Bank, UN join battle to claw back corrupt leaders spoils
UNITED NATIONS, Sept 17, 2007 (AFP) – The World Bank and United Nations on Monday threw their backing behind developing nations seeking to recover assets pilfered by corrupt leaders, unveiling a scheme to lend muscle to their claims. “There should be no safe haven for those who steal from the poor,” World Bank chief Robert […]
England captain in strip club row
DURBAN, South Africa, Sept 18, 2007 (AFP) – England captain Paul Collingwood on Tuesday apologised for visting a strip club a night before an important tie in the Twenty20 world championships. The tabloid ‘The Sun’ reported on Tuesday that Collingwood accompanied friends to a lap dancing club in Cape Town on Saturday night ahead of […]
England call up Mustard for Sri Lanka tour
LONDON, Sept 18, 2007 (AFP) – Durham wicket-keeper Phil Mustard has been drafted into England’s one-day squad for the upcoming tour of Sri Lanka as a replacement for the injured Matt Prior.The uncapped 24-year-old got the nod ahead of Tim Ambrose, James Foster and Chris Read on the strength of his recent batting record. He […]
Sri Lanka Jayasuriya sets bowling record as Pakistan scores big win
ayasuriya on receiving end as Pakistan crush Sri Lanka by Chris Otton =(PICTURE)= ATTENTION – UPDATES at end of match /// JOHANNESBURG, Sept 17, 2007 (AFP) – Big-hitting Sanath Jayasuriya suffered a taste of his own medicine, brutalised by Pakistan’s batsman as Sri Lanka lost by 33 runs in a World Twenty20 Super Eights match […]
Panel urges UN to act on Sri Lanka killings
Sept 18, 2007 (AFP) – The Asian Human Rights Commission asked the United Nations Tuesday to intervene to end extra-judicial killings in Sri Lanka, where it said at least 50 people were killed in the last month alone.It accused the Sri Lankan government of failing to prevent a wave of killings allegedly carried out by […]
Sri Lanka trade deficit narrows in July, import growth slows
Sept 18, 2007 (LBO) – Sri Lanka’s trade deficit has narrowed in July with oil imports slowing and exports growing by 33.9 percent, the Central Bank said Tuesday. Exports had grown to 690 million US dollars in July 2007 against 516 million US dollars in July. “The persistently strong demand for apparel has continued to […]
Sri Lankan plantations firms call for more land security
Sept 17, 2007 (LBO) – Sri Lanka’s plantations companies have called for greater security of land on which they grow export crops like tea to ensure more investment in the upkeep of estates and factory modernization. To make matters worse, compensation due on such acquisitions is not forthcoming despite repeated appeals. Planters’ Association (PA) chairman […]
Money printing Zimbabwe eyes remaining foreign assets
HARARE, Sept 17, 2007 (AFP) – Planned legislation that would place the majority share of all listed firms in the hands of indigenous blacks will lead to a fall in foreign investment and worsen Zimbabwe’s economic woes, business leaders warned Monday. Members of a parliamentary committee that is currently debating the controversial Indigenisation and Economic […]