Archive for the ‘Business’ Category:

China to begin trial of 4 Rio Tinto employees (AP)

Written on March 21st, 2010 by Editorno shouts

Shanghai No. 1 Intermediate People's Court  is seen Thursday, March 18, 2010 in Shanghai, China. Australia expressed disappointment Thursday that charges of stealing business secrets against one of its citizens would be tried in a closed court in China, and some lawmakers doubted the mining executive involved would get a fair hearing.  Australian national Stern Hu is one of four employees of mining giant Rio Tinto who are due to face a court in Shanghai on Monday charged with stealing commercial secrets and taking bribes. (AP Photo/Eugene Hoshiko)AP – An Australian executive and three other employees of mining giant Rio Tinto face charges of stealing secrets and offering bribes in a Shanghai trial beginning Monday that is viewed as a barometer of China’s handling of foreign business.


Thousands of BA flights canceled as crew on strike (AP)

Written on March 20th, 2010 by Editorno shouts

A member of the Unite union, supporter of the British Airways strike, chants slogans at a picket line at Heathrow Airport in London, Saturday March 20, 2010. British Airways canceled more than 1,000 flights after its cabin crew launched a three-day strike Saturday, wreaking havoc on the plans of tens of thousands of passengers just before the busy spring holiday season. Chief Executive Willie Walsh issued a direct apology via YouTube for the walkout, the airline's first in almost 15 years, saying it was a 'terrible day for BA.' The strike — backed by some unions in the United States, Germany and Spain — also risked harm to Britain's Labour government before a tough general election expected before June.   (AP Photo/Lefteris Pitarakis)AP – Retiree Richard Moore arrived at Heathrow with a suitcase of summer clothes for a Miami cruise only to be sent to Denver. Susan Danby wondered if plans for a joint 50th birthday celebration in Las Vegas would be a losing bet.


GM Daewoo to recall 58,000 vehicles in S.Korea: government (AFP)

Written on March 20th, 2010 by Editorno shouts

File photo of a Daewoo Group flag fluttering on top of Daewoo headquarters in Seoul. GM Daewoo Auto and Technology, the South Korean unit of General Motors, is recalling more than 58,000 vehicles due to manufacturing defects, government officials said Sunday.(AFP/File/Kim Jae-Hwan)AFP – GM Daewoo, the South Korean subsidiary of US car giant General Motors, Sunday recalled more than 58,000 vehicles because of defects, in the latest blow to Asia’s crisis-hit auto industry.


Minister: China may report trade deficit in March (AP)

Written on March 20th, 2010 by Editorno shouts

FILE - In this March 5, 2010 file photo, a tractor truck transports one of shipping containers at Yangshan deep-water port in Shanghai, China.  China stepped up resistance Friday, March 19, 2010 to U.S. pressure over currency, calling on Washington to cool its 'politicization and emotionalization' of the issue and warning a further rise in its yuan could drive exporters out of business. (AP Photo/Eugene Hoshiko, File)AP – China could report a trade deficit in March, the country’s commerce minister said Sunday as he rejected U.S. pressure to ease currency controls and blamed Washington for the Sino-U.S. trade gap.


Gas the next fuel to fire Australia’s boom (AP)

Written on March 20th, 2010 by Editorno shouts

FILE - In this Nov. 3, 2009, file image provided by PTTEP Australasia, the West Atlas oil rig is on fire 150 miles (250 kilometers) off Australia's northwest coast. Environmental concerns about the industry deepened last year after the fire erupted on the oil and gas rig and burned unchecked for more than two months, spilling thousands of barrels of oil into the sea. (AP Photo/PTTEP Australasia, File)  ** Editorial Use Only **AP – First gold, then coal and iron ore. Now, a new bonanza is about to be unleashed from beneath Down Under: Australia’s got gas.


Greek debt throws spotlight on civil service excess (AFP)

Written on March 20th, 2010 by Editorno shouts

A Greek soldier stands in front of the tomb of the unknown soldier as a rally by a communist-affiliated union passes by in Athens. The financial crisis rocking Greece has brought into focus the warped reality of the country's civil service, where a long tradition of political perks has bred fiscal disaster, analysts say(AFP/File/Louisa Gouliamaki)AFP – The financial crisis rocking Greece has brought into focus the warped reality of the country’s civil service, where a long tradition of political perks has bred fiscal disaster, analysts say.


IMF paints grim picture of fiscal tightening needs (Reuters)

Written on March 20th, 2010 by Editorno shouts

Reuters – Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year, the No. 2 official at the IMF said on Sunday.

Thousands rally in Russia against economic policy (AP)

Written on March 20th, 2010 by Editorno shouts

Russian Prime MInister Vladimir Putin attends a meeting outside Moscow in Novo-Ogarevo on March 20, 2010. Thousands of protesters rallied in dozens of Russian cities against Putin's government as opposition groups mobilised anger over economic woes. AFP PHOTO / RIA NOVOSTI / POOL / ALEXEY NIKOLSKY(AFP/Alexey Nikolsky)AP – Thousands of people have rallied across Russia to denounce the government’s economic policy and demand more freedom in a new challenge to the Kremlin reflecting increasing disillusionment and a growing potential for protests.


Obama tells Congress: Act soon on financial reform (AP)

Written on March 20th, 2010 by Editorno shouts

President Barack Obama speaks about health care reform at the Patriot Center at George Mason University in Fairfax, Va., Friday, March 19, 2010. (AP Photo/Charles Dharapak)AP – The U.S. needs major changes to its financial system so consumers are better protected, banks fortified and the economy safeguarded from sliding into another Depression, President Barack Obama said Saturday.


Police: Boy, 16, made racial comment at NJ Walmart (AP)

Written on March 20th, 2010 by Editorno shouts

Washington Township Police chief Rafael Muniz, left, listens as Gloucester County, New Jersey prosecutor Sean Dalton answers a question Saturday, March 20, 2010, in Washington Township, N.J., as they announce police have arrested a 16-year-old Atlantic County boy on charges of harassment and bias intimidation in the case of a racial comment that was made over the public-address system at a Wal-Mart store in southern New Jersey. (AP Photo/Mel Evans)AP – A 16-year-old boy who police said made an announcement at Walmart ordering all black people in the southern New Jersey store to leave was charged with harassment and bias intimidation, authorities said Saturday.


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