Google-China Talks to Resume

February 23, 2010 Leave a comment

Google Inc. representatives are scheduled to resume discussions in coming days with Chinese officials about the fate of Google’s China business, said people briefed on the matter.

The schedule and the status of the talks, which are being picked up after a break for the Chinese New Year holiday, are unclear. Among the range of Google officials handling the talks on the ground is Google policy executive, Ross LaJeunesse, said people familiar with the matter.

Any resolution to the matter of whether Google will be able to operate an unfiltered search engine in the country is likely to be at least weeks away, said one of the people

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Maruti to recall A-Star for faulty fuel pump

February 23, 2010 Leave a comment

It seems to be a season of recalls for the automobile industry with Maruti Suzuki now deciding to call back some 100,000 A-Star cars from the Indian market for a faulty fuel pump.

“In November 2009, we came across an anomaly reported in the fuel tank in some of the vehicles and by December 2009, we started contacting the customers through letters,” the company said in a statement.

“These vehicles belonged to a lot made till Aug 22, 2009 only. In case fuel is filled to the brim, beyond the fuel auto cut off position, a possible fuel leakage from the fuel pump mounting area may take place. No problem has been reported by customers.”

But as a matter of caution, the company said it decided to check all vehicles from the lot and the fuel pump gasket and ring were being replaced for around 100,000 cars including those exported overseas.

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Original post credit: IBNLive

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O’Brien: Rain, aftershocks compound misery in Haiti

February 23, 2010 Leave a comment

We had not been in Port-au-Prince in a month, not since those horrible days following the earthquake when the city looked like wreckage.The city seemed so upbeat when we arrived Saturday morning on one of the first flights in since commercial airlines resumed service. Musicians wearing Western Union T-shirts greeted us near the hanger that now passes as baggage claim. Next to our hotel, street vendors peddled souvenirs outside a tent city surrounding the presidential palace.

But those optimistic signs were eclipsed Sunday night when a torrent of rain poured down on this wounded city where outdoor tent communities have sprouted up in every empty space.

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Original post credit: CNN

Asian Stocks Rise on Dubai World Report; Copper, Oil Decline

February 23, 2010 Leave a comment

Asian stocks rose, reversing an earlier decline, amid speculation Dubai World will be able to fix its finances. Copper fell on concern increasing stockpiles may signal slowing global demand.The MSCI Asia Pacific Index rose 0.2 percent to 118.58 as of 3 p.m. in Tokyo, after falling 0.7 percent earlier. Five stocks rose for every four that declined. Copper for three-month delivery dropped 0.2 percent to $7,3165.75 a metric ton, down from $7,450 a ton on Feb. 19, the highest price since Jan. 26. Oil declined below $80 a barrel. Futures for the Standard & Poor’s 500 stock index rose 0.1 percent.

Stocks rallied after the Al-Ittihad newspaper reported that Dubai’s government had allocated 18.3 billion dirhams ($5 billion) to Dubai World. The report didn’t reflect a new development, a spokeswoman of the emirate’s Department of Finance said. Concerns over budget deficits in Europe had contributed to the MSCI Asia Pacific’s 6.4 percent drop from a 17-month high on Jan. 15.

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Original post  credit: Bloomberg

Categories: asia, economy Tags: , ,

Clinton warns on Pakistan threat

October 11, 2009 Leave a comment

The US secretary of state has said that a militant attack on Pakistan’s army HQ is evidence of an increasing threat against the authority of the state.

Speaking in London, Hillary Clinton said that despite the attack, the US remained confident about Pakistan’s control over its nuclear weapons.

The attack, which began on Saturday and turned into a siege, ended hours ago after hostages were released.

Correspondents say the attack is highly embarrassing for Pakistan’s leaders.

“Yesterday was another reminder that extremists … are increasingly threatening the authority of the state, but we see no evidence they are going to take over the state,” Mrs Clinton said.

“We have confidence in the Pakistani government and military’s control over its nuclear weapons,” she added.

Original post credit: BBC News

Maoists give Taliban justice, behead cop

Maoist rebels have beheaded Jharkhand Police officer Francis Induwar, who they had abducted a week ago to force the release of their leaders.

“He (Induwar) has been beheaded. His body and head were recovered near Raisha Ghati under Namkom Police station on Tuesday, about 12 km from Ranchi,” said Superintendent of Police (Rural) Hemmant Toppo.

A poster was seen pasted on a tree saying the body was that of the police officer. Induwar, who was with the state police’s Special Branchwas kidnapped on September 30 by the Maoists from Hembrom Bazaar in Khunti district, about 70 km from Ranchi.

Samarj, the Maoists’ South Chhotanagpur Committee secretary, had on Saturday called a local newspaper and said the Inspector would be released only after the police set free Ghandy

Original post credit: IBNLive

Letterman apologizes to wife on Monday night’s show

After declaring last week that he won’t publicly discuss his sexual relationships with staffers again, David Letterman continued his mea culpa Monday night — apologizing to his wife who, he said, had been “horribly hurt by my behavior.”

The host of CBS’ “Late Show” said he now has to try to repair his relationship with Regina Lasko.

“Either you’re going to make some progress and get it fixed, or you’re going to fall short and perhaps not get it fixed, so let me tell you folks, I got my work cut out for me,” he told the audience.

The apology came about 15 minutes into the show, but Letterman fired self-deprecating zinger after zinger as soon as he strode on stage and began his opening monologue.

“I mean, I’ll be honest with you folks,” he said. “Right now, I would give anything to be hiking on the Appalachian Trail. I got in the car this morning — and the navigation lady wasn’t speaking to me.”

Original post credit: CNN