Global tension, Chinese demand to keep oil markets on edge: IEA

PARIS, Oct 11, 2006 (AFP) – Oil prices have fallen because of stockbuilding and slowing demand but a possible OPEC output cut, global instability and growth in China and the Middle East are likely to keep the market under tension, the IEA said Wednesday.The International Energy Agency forecast an increase of 1.2 percent in global […]

Bangladesh to probe Tesco child labour allegations

DHAKA, Oct 11, 2006 (AFP) – Bangladeshi textile manufacturers pledged Wednesday to investigate child labour allegations after a British television network showed children making clothes for supermarket giant Tesco.Channel 4 News had secretly filmed children as young as 12 it said were working at four factories that supply the British supermarket giant. S.M. Fazlul Hoque, […]

Singapore to offer free wireless service from 2007

SINGAPORE, Oct 11, 2006 (AFP) – Tech-savvy Singapore will offer free wireless broadband service in public areas from next year, the government said.The programme will increase the number of wireless hotspots from 900 currently to 5,000 over two years, allowing Singaporeans wireless connectivity beyond homes, offices and schools where the service is currently available, the […]

Malaysia to issue four WiMAX licences: minister

KUALA LUMPUR, Oct 10, 2006 (AFP) – Malaysia will issue up to four licences to telecommunication operators to provide “fourth generation” wireless high speed Internet services, a senior minister said Tuesday.The government in July cancelled the original tender for the WiMAX 2.3 gigahertz spectrum, saying that the specifications were not in line with the ministry’s […]

” vineyards stealing a march on Europeans in fast-growing market

PARIS, Oct 10, 2006 (AFP) – Vineyards in the new world and even in China are stealing a march on traditionally dominant European producers in the race to slake the world’s fast-growing thirst for wine.From having a market share of just 1.6 percent 20 years ago, wines from countries like Chile, Australia and the United […]

Indian PM pledges to push for financial reform

LONDON, Oct 9, 2006 (AFP) – Indian Prime Minister Manmohan Singh pledged to push for reform of the banking and insurance sectors, and to raise investment in infrastructure, in an interview published in the Financial Times on Monday.“These are our two biggest priorities,” Singh told the newspaper. His remarks to the newspaper largely echo those […]

Workers appeal for tighter rules in shipbreaking industry

LONDON, Oct 9, 2006 (AFP) – Indian shipbreaking workers on Monday called on industry chiefs meeting in London Monday for tighter regulations to cut the number of serious injuries and deaths in the sector, particularly in Asia.“We need the help of the world, we need the help of the people to help the workers,” Vidyadhar […]

US economist Edmund S. Phelps wins Nobel Economics Prize

STOCKHOLM, Oct 9, 2006 (AFP) – US economist Edmund S.Phelps won the 2006 Nobel Economics Prize on Monday for work on trade-offs in macroeconomic policy, the Nobel jury said, noting that his work had improved understanding of how policy affected welfare for present and future generations. List of Nobel Economics Prize laureates 2006: Edmund S. […]

Scientists pore over data from NKorea blast

PARIS, Oct 9, 2006 (AFP) – Scientists took a dour wait-and-see attitude after North Korea claimed to have successfully conducted a nuclear test on Monday.Only careful analysis of data returned by seismic or atmospheric sensors will say whether the blast was a success or a damp squib, they said. Nor could they rule out the […]

Headache-immune woodpeckers, picky dung beetles win IgNobels

CAMBRIDGE, Massachusetts, Oct 6, 2006 (AFP) – Scientists who answered questions such as why woodpeckers don’t get headaches, whether dung beetles like their diet and if rectal massage can cure hiccups have at last been recognised for their work.The IgNobel Prizes, a tongue-in-cheek alternative to their more formal Scandinavian counterparts, were presented by genuine Nobel […]

Credit card ousts the giving basket at US churches

WASHINGTON, Oct 6, 2006 (AFP) – The days of donating at church by dropping money into a basket may become a thing of the past if Marty Baker has his way.Baker, a pastor in the southern state of Georgia, has come up with a divine idea to raise money for the Lord — automated teller […]

‘s value added tea exports dip, despite record highs in Aug

Oct 05 2006 (LBO) – Sri Lanka has shipped less value added teas for the eight months to August, as a key buyer Libya is yet to place any big orders, a commodity broker said Thursday.The island main export crop earned 56.48 billion rupees by shipping 218.13 million kilos from Jan-Aug, a growth of 12 percent […]

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