British Airways and union claim advantage in strike
LONDON AFP - British Airways said Sunday it was reinstating some flights on the second day of a strike after more cabin crew than expected turned up for work- but the union claimed it held the upper hand. ...
Japan planning 14 nuclear plants- report
TOKYO AFP - Resource-poor Japan is planning to build at least 14 nuclear power plants over the next 20 years to reduce its reliance on other countries for its energy needs- a report said Sunday. ...
AMP cuts rates on entry level mortgages
A stronger securitisation market has enabled AMP Bank to lower interest rates on entry level home loan products after hiking mortgage rates earlier this month. ...
Qantas- S African code share criticised
Virgin Group boss Richard Branson says a lack of competition in the African skies should have barred Qantas and S African Airways from code-sharing on routes. ...
Daewoo to recall 58-000 vehicles
GM Daewoo Auto and Technology is recalling more than 58-000 vehicles due to manufacturing defects- government officials say. ...
Greek debt throws spotlight on civil service excess
ATHENS AFP - The financial crisis rocking Greece has brought into focus the warped reality of the countrys civil service- where a long tradition of political perks has bred fiscal disaster- analysts say. ...
GM Daewoo to recall 58-000 vehicles in S.Korea- govt
SEOUL AFP - 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. ...
China says trade deficit likely in March
BEIJING AFP - Chinas export-dependent economy is likely to experience a trade deficit in March- a senior government official warned Sunday- possibly signalling a slowdown in overseas shipments. ...
Talk of Australian budget surplus over the top- minister
SYDNEY AFP - Australian Finance Minister Lindsay Tanner Sunday downplayed the prospect of the countrys out-performing economy pushing the budget into surplus within a year- saying the situation remained fragile. ...
Saudis look to import WA wheat
A high-level Saudi Arabian delegation will tour Western Australia this week looking to boost wheat imports as the country phases out irrigated crop production. ...
US currency battle with China underscores global concerns
WASHINGTON AFP - By pushing China hard to revalue its currency- the United States may also be doing a favor for export-driven Asian and European nations reeling from Beijings exchange-rate policy. ...
Britain facing tough pre-election budget
LONDON AFP - Britains Labour government will deliver a critical pre-election budget this week to help fix the dire public finances but some experts fear political posturing with an election around the corner. ...
Melbourne property market booming
The Real Estate Institute of Victoria REIV is predicting the property market from the start of the year until Easter is likely to be the strongest Melbourne has ever seen. ...
Airline strike fails to halt BA
British Airways cabin crew have moved into day two of their strike in protest against job cuts and changes to work practices. ...
Ecuador will not forget Chinas mistreatment- president
QUITO AFP - Ecuador will not forget the -amp quotmistreatment -amp quot by China in failed talks to finance a hydroelectric station- President Rafael Correa said Saturday- threatening to seek financing from Taiwan. ...
Spain moves to save 3bln euros a year on energy
MADRID AFP - Spains prime minister Saturday announced a plan to save some three billion euros four billion dollars a year on the states energy bill in a further move to tackle the countrys economic crisis. ...
Bulgarian police rally against planned salary cuts
SOFIA AFP - About 2-000 Bulgarian police and other state employees rallied Saturday in Sofia against government plans to cut their salaries in a bid to balance the countrys budget. ...
Greek leader warns Berlin that EU at risk if no aid
ATHENS AFP - Greek Prime Minister George Papandreou implicitly criticised Germany on Saturday for opposing efforts to help his country out of its fiscal crisis- warning they risked destabilising the EU. ...
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