Category: World

HARARE, Nov 30, 2006 (AFP) – Zimbabwe’s finance minister predicted Thursday marginal economic growth in the coming year and that the country’s four-figure inflation rate would dip to 350 percent as he presented the budget for 2007. “The economy is expected to grow marginally by between 0.5 percent and one percent in 2007,” Herbert Murerwa […]

HARARE, Nov 29, 2006 (AFP) – Zimbabwe’s Finance Minister Herbert Murerwa walks the tightrope Thursday when he unveils the national budget of a food-hungry country groaning under record inflation and a ruined economy.Murerwa has the unenviable task of trying to stem 1,070.2 percent inflation and a free-falling currency in an economy which has shrunk by […]

KUALA LUMPUR, Nov 27, 2006 (AFP) – Three Malaysian plantation firms will merge to create the world’s largest listed palm oil business, worth 31.4 billion ringgit (8.6 billion dollars), under an ambitious plan announced Monday.A new vehicle, Synergy Drive, will buy the assets and liabilities of Sime Darby Bhd, Golden Hope Plantations Bhd and Kumpulan […]

SINGAPORE, Nov 24, 2006 (AFP) – Six Sri Lankan men were handed jail terms of up to 11 years in Singapore for stealing money from automated cash machines using cloned credit cards, court officials said Friday. The Sri Lankans, who were residents in London and were in Singapore on social visit passes, swiped the money […]

WASHINGTON, Nov 23, 2006 (AFP) – As growing numbers of Americans turn to the Internet for holiday shopping, experts warn that online dangers such as fraud and identity theft are increasing as well. One out of 10 people shopping online could become a victim of online fraud this holiday season, according to a report by […]

LONDON, Nov 23, 2006 (AFP) – More than nine million pounds (13 million euros, 17 million dollars) of British government aid for victims of the Asian tsunami may not yet have been spent, a parliamentary committee said Thursday. The British government committed 75 million pounds in humanitarian assistance following the December 26, 2004 disaster, including […]

ISLAMABAD, Nov 23, 2006 (AFP) – Chinese President Hu Jintao promised a new era of cooperation with Pakistan Thursday as he arrived for a visit that will include the signing of a free trade accord with Beijing’s closest ally.Hu received a lavish ceremonial welcome for his four-day visit, the first in a decade by a […]

LONDON, Nov 22, 2006 (AFP) – European aircraft maker Airbus said Wednesday that its estimate of world demand for airliners in the next 20 years had leapt by 31.2 percent in two years to a total of 22,700. The surge from estimates in 2004 was being driven by demand from low-cost airlines and by growth […]

GENEVA, Nov 21, 2006 (AFP) – Some 8.6 million Asians are infected with the HIV virus, UNAIDS said on Tuesday, warning the disease is thriving on risky behaviour in Southeast Asia and slowly taking hold in China, the world’s most populous nation. An estimated 960,000 Asians were newly infected over the past year while about […]

SINGAPORE, Nov 20, 2006 (AFP) – Singapore raised its 2006 growth forecasts on Monday to 7.5-8.0 percent, a target analysts said is achievable after a better-than-expected third-quarter performance. Figures released by the MTI in its latest economic report showed third quarter growth was powered by the key manufacturing sector which surged 10.6 percent on the […]

DUBAI, Nov 20, 2006 (AFP) – The United Arab Emirates (UAE) president announced plans to gradually replace Asian workers with nationals to redress the demographic imbalance in his country, in a newspaper interview Monday. Sheikh Khalifa bin Zayed al-Nayhan told London-based Asharq Al-Awsat he was aware of “the seriousness of the imbalance” in the oil-rich […]

HANOI, Nov 18, 2006 (AFP) – Asia-Pacific leaders on Saturday put their political muscle behind the drive to free up global trade, but they struggled to find common ground on how best to tackle the North Korea nuclear crisis.The quest for consensus over the response to Pyongyang’s shock atom bomb test last month dominated both […]