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Saturday, 10 May 2008 01:30 AM EET
  
News Archives  
May 9, 2008
   Global News
500 Protest Olympic Torch Relay in Paris  7 Apr 2008
Paris became the stage Monday for the latest round of global protests against China, with thousands of police deployed to protect the ...
 
NATO Reject ex-Soviet Republic Membership  7 Apr 2008
President George Bush support for NATO membership expansion went unheard on Thursday at the final summit he will attend as a U.S. ...
 
Slowing deforestation may be worth $billions - study  6 Apr 2008
A slowdown of deforestation from the Amazon to the Congo basin could generate billions of dollars every year for developing nations as part ...
 
UN Chief Urges Action on Darfur  6 Apr 2008
Secretary-General Ban Ki-moon deplored "alarming levels" of violence in Darfur Friday, saying that the suffering of millions in ...
 
After Castro, African Is Longest-Ruling  6 Apr 2008
Behind the tall white walls of a grandiose home belonging to the world's longest-ruling president, ostriches, buffalo and camels roam ...
 
   Companies
Egypt's Orascom Hotels 2007 net profit surges  6 Apr 2008
Egypt's Orascom Hotels and Development posted a 124 percent rise in 2007 net profit before minority interest to 478.5 million Egyptian ...
 
Egypt's Citadel says refinery loan pkg on course  6 Apr 2008
The leading Egypt-based private equity firm, Citadel Capital, said on Sunday it was on course to finalise a loan package of up to $2.25 ...
 
Cameroon's CDC to boost rubber cultivation  5 Apr 2008
The Cameroon Development Corporation (CDC), the West African country's main employer after the state, has launched a project to boost ...
 
ArcelorMittal sees coal price rising 150-200 pct  3 Apr 2008
The price of coking coal, a key ingredient in steelmaking, is expected to rise by 150 percent to 200 percent, driving up steel prices ...
 
Japan Central Bank Raises Interest Rate  22 Feb 2007
Encouraged by signs of robust economic growth, Japan's central bank raised its benchmark interest rate by a quarter point to 0.5 ...
 
   Markets
Market supplied with enough oil, OPEC official says  6 Apr 2008
The market is supplied with enough oil and OPEC is not under pressure to raise output, the organisation's secretary general was quoted ...
 
No global warming: Charcoal fuels 80% of Africa  6 Apr 2008
It is 21st century and do you know what is the main fuel for several African nations now? It is charcoal. Maybe, a shocking news for ...
 
Ethiopia says exports up 32 pct so far in '07-'08  6 Apr 2008
Ethiopia's export earnings rose 32 percent year-on-year to $854.5 million for the first eight months of the 2007-2008 fiscal year, ...
 
Egypt textile stocks lead Egyptian market higher  6 Apr 2008
Egyptian stocks inched higher on Sunday led by gains in the textile sector after the market shrugged off any potential effects of a ...
 
Oil prices above $ 106 on weak US dollar  4 Apr 2008
World oil prices surged to $ 106.23 a barrel, up by $ 2.40 or by two percent Friday on a weak US dollar and a record decline in job ...
 
   Personal Finance
Buying your first house  4 Apr 2008
Note to young renters: It's a very good time to start thinking about buying your first house. Sure, the housing market is in the ...
 
Sony Says to Cut Back Sharply on Chip Spending  13 Feb 2007
Sony Corp will cut back on future chip spending and may not produce advanced "cell" microchips used in its PlayStation 3 (PS3) ...
 
KarstadtQuelle's Thomas Cook Acquires MyTravel  12 Feb 2007
Thomas Cook, the second-biggest European travel group, is to merge with British rival MyTravel, the British group has said. "The ...
 
African Union Adopts United Front for Trade Talks  18 Jan 2007
African Union ministers adopted a united front for global trade talks at a summit, calling on Western countries to scrap agricultural ...
 
UK's CDC Joins Citigroup in $200 Million Africa Venture  15 Jan 2007
CDC Group, a private equity investor owned by the British government, has teamed up with U.S. banking giant Citigroup to invest at least ...
 
   Technology
Microsoft Gives Yahoo Deadline on Offer  6 Apr 2008
Microsoft Corp. has sent a letter to the Yahoo Board of Directors setting a three-week deadline for moving forward on its buyout ...
 
Yahoo Search Links to Dash Satellite Mapping for Cars  4 Jan 2007
Yahoo and Dash Navigation announced plans to combine online searchs for local businesses with global positioning satellite (GPS) guidance ...
 
Toyota Creating Alcohol Detection System  4 Jan 2007
Toyota Motor Corp. is developing a fail-safe system for cars that detects drunken drivers and automatically shuts the vehicle down if ...
 
Cisco Says India to be Base of Globalization Drive  7 Dec 2006
Global networking giant Cisco Systems announced plans to make India a base for its globalization drive as it forecast the country could ...
 
UN Forum on Control of the Internet Opens in Athens  31 Oct 2006
A year after the United States narrowly avoided a bruising row with the rest of the world over control of the Internet, round two of talks ...
 
   Comments & Features
South Korean Petrochemical Firms Fined 111 Million Dollars for Price-Rigging  20 Feb 2007
South Korea's antitrust watchdog has fined 10 local petrochemical companies a total of 111 million dollars for rigging the prices of ...
 
Hurdles Loom for XM, Sirius Combination  20 Feb 2007
XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in the fledgling satellite radio industry, have agreed to combine ...
 
Three Croatian workers kidnapped in Nigeria  19 Feb 2007
Gunmen seized three Croatian workers in the latest kidnapping to hit Nigeria's unruly southern oil region, police said Monday. The men ...
 
Rift Between Coke, Some Bottlers Eases  13 Feb 2007
A rift between The Coca-Cola Co. and some bottlers has been eased as the world's largest beverage maker announced Monday that several ...
 
Wall Street Looking to Bernanke  12 Feb 2007
Wall Street has been running short on inspiration lately and will look to a stream of economic data in the coming week for clues on whether ...
 
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