Business and Finance News
- Chavez nationalises Venezuelan steel
Russia News.Net
Venezuelan President Hugo Chavez has nationalised the country's largest steel company.
- Big banks merge in Australia
Russia News.Net
In Australia, two large banks, St George Bank and Westpac, say they have agreed to the key terms of their proposed AUD$18.6 billion merger.
- New luxury marina for London via the Gulf
Russia News.Net
Gulf property developers are planning to build luxury island resorts in England, complete with marinas, theatres, an opera house and housing.
- Dubai generating massive waste
Russia News.Net
Construction and demolition waste generated in Dubai has registered a record 163 percent growth.
- Bahrain sells cheap fares to India
Russia News.Net
Bahrain Air's maiden flight from Kerala in India is set to take off from Cochin International Airport to Bahrain on May 26th.
- China Eastern cancels flights due to earthquake
Russia News.Net
China Eastern Airlines had to cancel all flights to the southwestern Sichuan provincial capital of Chengdu on Monday, after an earthquake hit the region.
- IPhone announces Australian servers
Russia News.Net
Australian phone provider, Optus has announced that it will become the second mobile phone carrier in Australia to sell the iPhone.
- Plastic bags becoming unpopular in China
Russia News.Net
Plastic-bag standards are going into effect in China.
- Arab investor pulls out of deal with Austrian Airlines
Russia News.Net
Austrian Airlines and a Saudi investor have gone their separate ways after having talks about a stake in the airline.
- Hugo Chavez buys more weapons from China
Russia News.Net
Venezuelan President Hugo Chavez has contracted to buy Chinese military training planes, expanding recent arms purchases and cementing ties.
- Nigerian president warns that oil developers will flee
Russia News.Net
President Umaru Musa Yar'Adua of Nigeria has visited the town of Yenagoa in the Niger Delta region.
- New man at the helm of Fiat
Russia News.Net
In Italy, it has been announced that John Elkann will become the new head of Fiat, at the age of 32.
- Real estate plan for new Abu Dhabi stock exchange
Russia News.Net
A new multi-billion dirham real estate development has been announced for Sowwah Island in Abu Dhabi.
- Egyptian finance companies consumed by Global
Russia News.Net
Cairo based companies, Egypt Capital Trust and Misr International Securities have been taken over by leading international investment firm Global Investment House.
- British Airways on the lookout for new blood
Russia News.Net
British Airways has ignited fresh speculation over the continuing role of Willie Walsh, the airline's chief executive.
- Venezuela and China in new oil venture
Russia News.Net
Venezuela and China have signed deals for a joint venture to produce oil in Venezuela's Orinoco area to supply a new 400,000-barrel-a-day refinery that will be built in China.
- Overseas funds help build Qatar desalination plant
Russia News.Net
Gas-rich Qatar has signed deals to build a US$3.8 billion-dollar desalination and power plant.
- Australian budget will penalise the rich
Russia News.Net
Australia’s Federal Budget, which will be handed down on Tuesday, will include higher taxes for luxury cars.
- Wall Street rallies as oil prices fall, dollar gains
The Seattle Times
NEW YORK — Wall Street rallied today as oil prices, supported by a stronger dollar, fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials...
- Your PCs just turned into mini Hubble telescopes, thanks to Microsoft
Russia News.Net
Canberra, : Microsoft has launched a free downloadable software that can turn any computer into mini Hubble telescopes capable of displaying high resolution images of millions of stars, planets and other celestial bodies.
- AIG raises $11.9 bn to bolster balance sheet
Times Of India
NEW YORK: American International Group Inc the world's largest insurer, on Monday raised $11.9 billion to help strengthen its balance sheet, after suffering record losses in the past two quarters...
- Microsoft WorldWide Telescope blasts off
C News
Microsoft Corp. has launched its WorldWide Telescope bringing the free web-based program for zooming around the universe to a broad audience. WorldWide Telescope, launched late Monday...
- Microsoft and HOYA Enter Into Patent Cross-Licensing Agreement Covering Digital Cameras and Other Consumer Products
RedOrbit
Posted on: Monday, 12 21:00 CDT REDMOND, Wash. and TOKYO, /PRNewswire-FirstCall/ -- Microsoft Corp. and HOYA CORPORATION PENTAX Imaging Systems Division have signed a patent...
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