‘s Gazprom proposes natural gas stations for Europe

MOSCOW, June 28, 2008 (AFP) – The chief executive of Russian energy giant Gazprom has proposed setting up a European network of service stations for cars fuelled by natural gas, as an alternative to petrol.“We are proposing to our European partners the creation of a network of natural gas stations in Europe with the participation […]

Global waste meeting fails to break impasse: delegate

NUSA DUA, June 28, 2008 (AFP) – A conference in Indonesia on the international waste trade ended without breaking a 14-year impasse over the sale of hazardous waste across borders, the host’s delegate said Saturday.The five-day conference on the resort island of Bali ended late Friday with a coalition of countries again stalling the ban […]

Powerful earthquake in Indian Ocean, no tsunami threat

PORT BLAIR, June 28, 2008 (AFP) – A powerful 6.3-magnitude earthquake struck off India’s Andaman islands in the Indian Ocean on Saturday, the US Geological Survey said. The Andaman and Nicobar chain of 536 islands, 58 of them inhabited, was badly hit by the 2004 tsunami, with hundreds dead and more than 3,000 still officially […]

Beijing city hikes minimum wage as inflation soars: report

BEIJING, June 28, 2008 (AFP) – China’s capital Beijing is to raise its minimum salary by 10 percent in a bid to help the worst-off cope with rising inflation, state media said Saturday. Beginning from July 1, the minimum monthly salary for city employees will rise from 730 to 800 yuan (106 to 116 dollars), […]

‘s billionaires face daily struggle to make ends meet

HARARE, June 27, 2008 (AFP) – The prices at Dzidzai Guti’s makeshift stall can seem eye-popping, with rotting oranges, a pack of cigarettes and bananas fetching as much as 250 million Zimbabwean dollars.But the 27-year-old gardener struggles.He and his wife, who works as a maid, live in a room in the back of his boss’s […]

Oil prices ease after hitting record 140 dollars

SINGAPORE, June 27, 2008 (AFP) – Oil prices eased in Asia on Friday after reaching 140 dollars for the first time following the OPEC president’s forecast that prices could soon surge as high as 170 dollars a barrel. New York’s main oil futures contract, light sweet crude for August delivery, dropped 18 cents to 139.46 […]

Global stocks slide as oil prices rocket to US$142

LONDON, June 27, 2008 (AFP) – European stocks mostly fell on Friday as oil prices shot to record levels, but losses were less than falls on other global markets hit by soaring crude costs and a weak US economy. Concerns are growing among investors that rising energy costs will fuel inflation and lead to higher […]

US defense secretary enters air tanker controversy

WASHINGTON, June 25, 2008 (AFP) – US Secretary of Defense Robert Gates was scheduled to meet Wednesday with officials in charge of Pentagon and Air Force purchases to discuss the controversial 35-billion-dollar refueling tanker deal. On June 18 the US Government Accountability Office (GAO), the investigative arm of Congress, backed a protest by aerospace giant […]

Google helps advertisers figure out website demographics

SAN FRANCISCO, June 25, 2008 (AFP) – Google has introduced a tool that lets advertisers figure out which websites their ideal customers are inclined to visit.“Google Ad Planner” lets advertisers enter demographics they wish to target and then returns a list of websites likely to appeal to people with those characteristics. “We hope you’ll find […]

Sri Lanka in move to form tea producers group

June 26, 2008 (LBO) – Sri Lanka is to join a global forum of major tea producing countries, Tea Board chairman Lalith Hettiarachchi said. Most major tea producing countries have signed a memorandum of understanding to form the International Tea Producers Forum (ITPF) which will focus on issues of concern to producers, he said. The […]

Consumers set to pay for new cargo security laws: US customs

BRUSSELS, June 25, 2008 (AFP) – US consumers could be hit hard by new security laws demanding that all cargo containers bound for the United States be scanned for radiation or weapons, a senior US customs official said.The measures, which Congress has demanded must enter force in 2012, will oblige countries to scan every one […]

‘s central bank unleashes new rate hike as inflation bites

MUMBAI, June 24, 2008 (AFP) – India’s central bank unleashed a fresh round of monetary tightening Tuesday, raising its key short-term lending rate by half-a-percentage point after inflation hit a 13-year high of over 11 percent. The Reserve Bank of India raised its repo rate at which commercial banks borrow funds from the central bank […]

Page 509 of 723