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RIYADH, July 28, 2007 (AFP) – A Sri Lankan minister on Saturday wrapped up a mission to Saudi Arabia aimed at securing clemency for a teenage maid condemned to death, saying he was confident the visit would “bear fruit.” They are a key source of foreign currency for Sri Lanka. A total of 110 people […]
‘s Bajaj in talks with Renault to make small car
NEW DELHI, July 28, 2007 (AFP) – Indian two-wheeler maker Bajaj Auto said Saturday it was in talks with French automaker Renault for a business partnership. The two companies issued a statement follows media reports they were close to concluding a deal for Renault’s proposed plans to manufacture a 3,000-dollar car. In it, they said […]
Sri Lanka™s Bogawantalawa Tea Estates loses money but enters export marketing
July 26, 2007 (LBO) – Bogawantalawa Tea Estates Ltd. has reported loss last year but its marketing subsidiary, about whose viability auditors have raised doubts, has made a breakthrough in overseas markets with contracts to pack teas for private labels. Bogawantalawa Tea Estates reported a group net loss of 121.6 million rupees for the year […]
Bruised Wall Street sees more losses as global markets reel
NEW YORK, July 27, 2007 (AFP) – The bruised US stock market slid further Friday as investors retrenched amid fears of a housing slump and a potential credit crunch that led to a massive rout a day earlier. The Dow Jones Industrial Average tumbled 208.10 points (1.54 percent) to close at 13,265.47, a day after […]
Open Plan
July 28, 2007 (LBO) – An anti-graft action plan developed with the involvement of civil society and state agencies was presented to representatives of Sri Lanka’s judiciary, government and parliament at conference in Colombo Saturday. The National Anti-Corruption Action Plan prepared with funding from the United States Agency for International Development, proposes actions to be […]
Toyota to test electric plug-in hybrid Prius cars
SAN FRANCISCO, July 27, 2007 (AFP) – Toyota announced this week a partnership with the University of California to road test two plug-in hybrid cars, a step toward getting the fuel-efficient vehicles to consumers. The study to be launched this fall will be the first time a major automaker puts the experimental cars on US […]
US new home sales plunge 6.6 percent in June
WASHINGTON, July 26, 2007 (AFP) – Sales of new homes in the United States dropped 6.6 percent in June to an annualized 834,000 units, in a further sign of the persistent slump in the housing sector, the Commerce Department said Thursday. The June number of new home sales, the lowest since March, was significantly below […]
” trafficking ring
HANOI, July 27, 2007 (AFP) – A Taiwanese man and five Vietnamese have been jailed for between five and 12 years for trafficking more than 120 Vietnamese women to Malaysia, a court official said Friday in the communist country.Vietnam’s Prime Minister Nguyen Tan Dung last month urged local authorities to raise awareness and make every […]
Saudi Sword
July 26 (LBO) – The Asian Human Rights Commission (AHRC) has urged the Sri Lankan government to ratify part of an international treaty to help save the life of a young girl facing a death sentence in Saudi Arabia. The called came as it emerged that more Sri Lankans were facing executions in Saudi Arabia. […]
New Zealand central bank lifts interest rates
WELLINGTON, July 26, 2007 (AFP) – New Zealand’s central bank raised interest rates Thursday for the fourth successive time this year due to sustained inflationary pressures.“But easing is going to be a considerable time away unless the economy softens very rapidly.” Reserve Bank of New Zealand Governor Alan Bollard raised the official cash rate (OCR) […]
May to July in Britain wettest since 1776
LONDON, July 26, 2007 (AFP) – The three-month period from May to July has already become the wettest in history here, even before the end of the month, Britain’s Met Office said Thursday.Figures released by the weather forecasting agency showed that 387.6 millimetres (15.3 inches) of rain has fallen across England and Wales, the most […]