Category: Other

MAJURO, June 12 (Asia Pulse) – The cost of living rose by more than 10 per cent in the Marshall Islands from January to March this year. This was more than double the inflation rate for all of fiscal year 2007, according to a report issued by the government’s Economic Policy, Planning and Statistics Office […]

SINGAPORE, June 11, 2008 (AFP) – Oil prices rose again in Asia on Wednesday as the world’s biggest oil producers and consumers prepared to meet to discuss record crude prices which have sparked fears for the global economy. New York’s main oil futures contract, light sweet crude for July delivery, was 61 cents higher at […]

NEW YORK, June 10, 2008 (AFP) – Security scanners which can see through passengers’ clothing and reveal details of their body underneath are being installed in 10 US airports, the US Transportation Security Administration said Tuesday.A random selection of travellers getting ready to board airplanes in Washington, New York’s Kennedy, Los Angeles and other key […]

TOKYO, June 11, 2008 (AFP) – Japanese pharmaceutical group Daiichi Sankyo Co. said Wednesday that it had agreed to buy a majority stake in India’s top drug company Ranbaxy Laboratories for up to 4.6 billion dollars. The deal reflects growing efforts by the world’s pharmaceutical giants to cope with fierce competition from generic drugmakers based […]

LONDON, June 9, 2008 (AFP) – Crude oil prices pulled back Monday from last week’s record highs as the dollar firmed against the euro and OPEC kingpin Saudi Arabia stressed its willingness to meet any increase in demand.New York’s main oil futures contract, light sweet crude for July delivery, slid 4.19 dollars a barrel to […]

KATHMANDU, June 10, 2008 (AFP) – Nepal’s ousted king is thought to have close to 200 million dollars stashed away inside the country and even more abroad, according to an author who has probed royal finances.Surya Thapa, a journalist who has written three books on the Himalayan royals, said ex-king Gyanendra is unlikely to feel […]

LONDON, June 10, 2008 (AFP) – Uganda is benefiting from the current hike in world food prices because it is a net producer of goods like bananas, its President Yoweri Museveni said here Tuesday.“We are very happy with the food crisis. Why? Because we produce a lot of food, and our problem has been the […]

MUMBAI, June 9, 2008 (AFP) – Indian shares fell 4.66 percent to under 15,000 points in morning trade Monday in the wake of a Wall Street plunge triggered by surging oil prices and a sharp jump in US unemployment, dealers said. The benchmark Mumbai 30-share Sensex index fell 726 points to 14,846.18, a near-three month […]

TOKYO, June 9, 2008 (AFP) – Japanese shares were trading sharply lower early Monday after falls on Wall Street on Friday and a record surge in crude oil prices combined with a sharp jump in US unemployment. The benchmark Nikkei-225 index fell 343.04 points or 2.37 percent to 14,146.40 about fifteen minutes after the opening […]

SINGAPORE, June 9, 2008 (AFP) – World oil took a breather Monday from spiralling prices seen hitting 150 dollars which have prompted consumer nations to urge a production increase amid warnings of a global recession. New York’s main oil futures contract, light sweet crude for July delivery, eased 1.06 dollars to 137.48 dollars a barrel […]

TOKYO, June 8, 2008 (AFP) – As world oil prices skyrocket, thousands of households in energy-poor Japan are taking part in an ambitious experiment to use fuel cells to light and heat their homes.Since the prime minister’s official residence became the first house in the world to be equipped with a domestic fuel cell in […]