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‘s to start coffee chain in Japan
TOKYO, July 12, 2007 (AFP) – McDonald’s said Thursday it will launch a chain of coffeeshops in Japan, hoping to tap into the country’s growing love of coffee but at lower prices than rivals.The Japanese unit of the global burger empire said it will open 15 “McCafes” in the Tokyo region next month and hoped […]
Euro hits record high against dollar on US economy worries
NEW YORK, July 11, 2007 (AFP) – The euro surged to a record high against the dollar Wednesday on growing concerns about risky loans in the US property market and a European Central Bank hint of an interest rate hike.In late New York trade, the dollar stood at 1.2062 Swiss francs, up from 1.2019 Tuesday. […]
Sri Lanka spins off Bangladesh cheaply
KANDY, Sri Lanka, July 12, 2007 (AFP) – Sri Lankan spin wizard Muttiah Muralitharan grabbed 6-28 as Bangladesh were shot out for 131 on the second morning of the third and final cricket Test here on Thursday. The tourists, who resumed at their overnight score of 72-4, lost their last six wickets for 33 runs […]
Tamil Tigers threaten guerrilla warfare after conventional defeat
July 12, 2007 (AFP) – Tamil Tiger rebels have admitted losing a key stronghold in eastern Sri Lanka to government forces and said they would revert to guerrilla tactics in the troubled region. Government forces were clearing landmines in the Thoppigala area which they captured from rebels on Wednesday, after months of heavy fighting, military […]
‘s east
July 12, 2007 (AFP) – Tamil Tiger rebels have admitted losing a key stronghold in eastern Sri Lanka to government forces and said they would revert to guerrilla tactics in the troubled region.The Liberation Tigers of Tamil Eelam (LTTE) fighters melted away from Thoppigala, a mountainous jungle area they dominated for over 13 years, rebel […]
Sri Lanka claims fall of Tiger base amid new peace bid
July 11, 2007 (AFP) – Sri Lanka’s military said Wednesday it had captured the “nerve centre” and last Tamil Tiger jungle stronghold in the east of the island, following months of intense fighting. The claim coincided with a fresh effort by peace broker Norway, who sent a top envoy to the rebel-held northern town of […]
Sri Lanka president welcomes capture of Tiger base
July 11, 2007 (AFP) – Sri Lanka’s president Wednesday paid tribute to his security forces for capturing what he called the “last stronghold” of the Tamil Tiger rebels in the island’s restive east. President Mahinda Rajapakse in a statement welcomed the capture of the area known as Thoppigala, where the Liberation Tigers of Tamil Eelam […]
Sri Lanka petro chief calls for national hedging policy
July 12, 2007 (LBO) – The head of Sri Lanka’s state petroleum utility has called for a national policy on oil hedging for the longer term as international bankers were due to present a fresh proposal on short-term hedging. An accumulation of profits in any import firm would reduce demand in the aggregate economy, resulting […]
Fashion Degree
July 11, 2007 (LBO) – A Sri Lankan clothing technology school is launching a degree course in fashion and merchandising in a tie-up with Australia’s Royal Melbourne Institute of Technology (RMIT), and is also planning to offer a Masters program from next year. The Royal Melbourne Institute of Technology, began in 1887 as the ˜Working […]
Free World
BRUSSELS, July 11, 2007 (AFP) – A top European court ordered EU antitrust regulators Wednesday to pay damages to French firm Schneider for wrongfully blocking its takeover bid of a rival, potentially opening a floodgate to other cases.The court’s ruling was one of two blows it dealt to the Commission on Wednesday after it also […]