Archive for May 30th, 2008

Kenya Airways annual after tax profits down 5.6%

Friday, May 30th, 2008

Kenya's national carrier, Kenya Airways, announced on Friday that its annual profits after tax for the year ending March 31, 2008, declined by 5.6 percent to 3.869 billion shillings (62.4 million U.S. dollars) from 4.098 billion shillings ( ...

Eurozone economic confidence remains stable in May

Friday, May 30th, 2008

The economic confidence in the euro zone remained stable in May, while business climate indicator picked up slightly, the European Commission said on Thursday. The economic sentiment indicator in the euro zone, which has been on a d ...

EU calls for restructure of fishery sector hit by fuel costs

Friday, May 30th, 2008

The European Commission called on Thursday for restructure of the European Union (EU) fishery sector which was severely hit by surging fuel costs. "I am very aware of the acute difficulties that the European sector is currently faci ...

WTO chief raps U.S., EU on Doha Round trade talks

Friday, May 30th, 2008

The chief of the World Trade Organization (WTO) Thursday criticized a new U.S. farm bill, saying it sent a wrong signal to the Doha Round trade talks, while urging the European Union (EU) to show more flexibility. "I was quite trans ...

Facebook says no plan for sale

Friday, May 30th, 2008

Facebook Chief Executive Officer Mark Zuckerberg has no plans to sell the social-networking site, even if Microsoft Corp offered 15 billion U.S. dollars. "The end goal isn't to sell the company or IPO," Zuckerberg, 24, said at the D: ...

WB grants Liberia emergency loan to address food crisis

Friday, May 30th, 2008

The World Bank's Board of Executive Directors Thursday approved an emergency loan to Liberiato address food price concerns. According to a press release by the Wold Bank, the Emergency Food Crisis Response Program, totaling 10 milli ...

Chavez revokes charges for retransmission of state-run TV signal

Friday, May 30th, 2008

Venezuelan President Hugo Chavez on Thursday ordered the annulment of a measure that would introduce charges for the retransmission of the state-run channel's signals by private TV stations. The order came two days after Information ...

Ford plans salaried workers layoffs as sales plummet

Friday, May 30th, 2008

Ford Motor Co. plans to layoff an undetermined number of U.S. salaried employees by August due to the sudden downturn in auto sales and record-high gas prices, media reported on Friday. Ford spokeswoman Marcey Evans said the company ...