By Ocean on Oct 31, 2008 in Uncategorized | 0 Comments
There were no reports of deaths in the blast, which happened at 1110 (1010 GMT), but at least 15 people were injured and some cars were set ablaze.
The University of Navarra is near the Basque Country, where Eta separatists are continuing a violent campaign for independence from Spain.
Local officials said they had received a vague [...]
By Ocean on Oct 31, 2008 in Uncategorized | 0 Comments
SAN FRANCISCO (Reuters) - Google Inc and Yahoo Inc could announce a decision to walk away from their search deal by the middle of next week, The Wall Street Journal reported on Thursday, citing people familiar with the matter.
The two Internet companies have so far failed to reach an agreement with the U.S. Department of [...]
By Ocean on Oct 31, 2008 in Uncategorized | 0 Comments
Laurent Nkunda, the leader of the rebel group that has been advancing on the Democratic Republic of Congo’s city of Goma, has called for direct talks with the government.
The government has not yet responded to Nkunda’s request, but direct talks could build upon a ceasefire, which has halted much of the fighting in the country’s [...]
By Ocean on Oct 31, 2008 in Uncategorized | 0 Comments
Prime Minister Taro Aso unveiled a fresh stimulus package Thursday that includes about ¥2 trillion in benefits payments to households, expressway toll cuts and record tax breaks on home loans.
The first such package under Aso is an effort to cope with the ongoing economic turmoil, to revitalize regional economies and to protect citizens from the [...]
By Ocean on Oct 31, 2008 in Uncategorized | 0 Comments
TOKYO/HONG KONG (Reuters) - Japan cut interest rates for the first time in seven years on Friday and warned severe conditions in the global economy could persist, as more central banks shift from stabilizing credit markets to slashing borrowing costs in the face of the worst crisis since the Great Depression.
However, the rate reduction was [...]
By Ocean on Oct 30, 2008 in Uncategorized | 0 Comments
NEW YORK (Reuters) - American Express Co said on Thursday it will cut 7,000 jobs, slash expenses and scale back investments to save $1.8 billion next year, in its biggest restructuring since 2001 as it struggles with bad loans and surging funding costs.
The expected cost savings lifted the company’s shares 2.3 percent on Thursday morning.
The [...]
By Ocean on Oct 30, 2008 in Uncategorized | 0 Comments
Lufthansa is buying the 50% of firm owned by BMI chairman Sir Michael Bishop, who forced the purchase under a long-standing agreement.
The German carrier was already BMI’s second-largest shareholder, with a stake of 30% minus one share.
The deal will give Lufthansa control of more flights from London Heathrow airport than any other airline except British [...]
By Ocean on Oct 30, 2008 in Uncategorized | 0 Comments
TAIPEI, Oct 30 (Reuters) - Taiwan’s central bank cut interest rates on Thursday for the third time in about a month, joining efforts by the U.S. Federal Reserve and other central banks around the world to cushion the economic fallout from the global financial crisis.
The central bank cut its benchmark discount rate by 25 basis [...]
By Ocean on Oct 30, 2008 in Uncategorized | 0 Comments
Tens of thousands of residents, refugees and government troops have fled the town of Goma in eastern Democratic Republic of Congo, despite rebel forces declaring a ceasefire to prevent panic.
Troops loyal to Laurent Nkunda, a renegade army general, were on the outskirts of the provinvial capital of Nord-Kivu province on Thursday after government resistance appeared [...]
By Ocean on Oct 30, 2008 in Uncategorized | 0 Comments
Police say at least 18 bombs have exploded across the northeastern Indian state of Assam, killing 20 people and injuring scores more.
An official at the police control room in Guwahati, the state capital, told the Associated Press (AP) news agency that at least four of the explosions took place in the city itself.
An AP reporter [...]