US, UN condemn military coup in Mauritania
WASHINGTON, August 6, 2008 (AFP) – US Secretary of State Condoleezza Rice on Wednesday condemned the military coup in Mauritania and called for the …
World
German insurer Allianz warns on profits after weak second quarter
FRANKFURT, August 7, 2008 (AFP) – Shares in the German insurance group Allianz plunged on Thursday after the group warned that it would not reach its …
India completes key trade road in Afghanistan
KABUL, August 07, 2008 (AFP) – India has almost completed a key road linking Afghanistan to Iranian sea ports despite Taliban attacks that claimed more …
Fed avoids rate hike as oil bubble pauses
WASHINGTON, August 5, 2008 (AFP) – The Federal Reserve, in a widely predicted move, kept its main interest rate unchanged at 2.0 percent Tuesday citing …
Britain’s Prince Philip has prostate cancer: report
LONDON, August 6, 2008 (AFP) – Queen Elizabeth II’s elderly husband Prince Philip has been diagnosed with prostate cancer but is defying the …
US charges 11 in massive credit, debit card scam
WASHINGTON, August 6, 2008 (AFP) – Eleven people were indicted in Boston Tuesday for stealing and selling some 40 million credit and debit card numbers …
Intel reveals design for fast, efficient future chips
SAN FRANCISCO, August 4, 2008 (AFP) – Intel on Monday revealed details of a new generation of chips designed for video game lovers, multi-taskers, and …
Australian central bank leaves rates on hold as credit demand slows
SYDNEY, August 5, 2008 (AFP) – Australia’s central bank left interest rates unchanged Tuesday at a 12-year high of 7.25 percent and indicated …
Scores of Australians duped by Olympic ticket scam: reports
SYDNEY, August 4, 2008 (AFP) – Scores of Australians have been caught in an alleged global scam believed to have conned people worldwide into buying …
ArcelorMittal’s takeover of Chinese steelmaker on hold: company
BEIJING, August 4, 2008 (AFP) – China Oriental said Monday a takeover of the firm by ArcelorMittal had stalled after Chinese regulators failed to give …
S Korea unveils plans to become regional oil storage hub
SEOUL, August 4, 2008 (AFP) – South Korea, the world’s fifth largest crude importer, Monday announced plans for a regional oil storage hub to …
Murdoch plans six new Indian regional TV channels
MUMBAI, August 4, 2008 (AFP) – Media mogul Rupert Murdoch on Monday announced plans to launch six new regional television channels in India, where the …
Japan Inc suffers 15 percent profit fall in April-June: report
TOKYO, August 3, 2008 (AFP) – The pre-tax profit of major Japanese companies fell 15 percent year on year in the April-June quarter, weighed down by the …
Iran expects OPEC to control quotas: minister
TEHRAN, August 3, 2008 (AFP) – Iran, the number two oil producer in OPEC, expects the cartel to discuss ways of controlling the quotas of member …
Malaysia’s Proton develops new hybrid car: reports
KUALA LUMPUR, August 3, 2008 (AFP) – Malaysia’s state-owned carmaker Proton is developing a new, fuel-efficient hybrid car to beat rising costs and …
Thousands of workers strike in inflation-battered Vietnam
HANOI, August 3, 2008 (AFP) – Thousands of workers have gone on strike in Vietnam, demanding higher wages to match the rising cost of living after …
GM posts 15.5 bln dlr loss as US sales skid
WASHINGTON, August 1, 2008 (AFP) – General Motors posted Friday a whopping 15.5-billion-dollar net loss in the second quarter as the US auto giant took …
India willing to rejoin WTO talks but won’t compromise on farmers
NEW DELHI, July 31, 2008 (AFP) – India said on Thursday it was willing to return to the negotiating table to work out a new global trade deal but warned …
Chavez nationalizes Bank of Venezuela
CARACAS, August 1, 2008 (AFP) – Leftist President Hugo Chavez on Thursday said he will nationalize the Bank of Venezuela, one of the country’s …
WTO talks on sticking point continue at technical level: Lamy
GENEVA, August 1, 2008 (AFP) – Talks at a technical level are under way at the World Trade Organization on safeguard issues that ended marathon …