- 1. Indian textile minister resigns over alleged corruption
Indian Minister of Textiles Dayanidhi Maran resigned Thursday following allegation that he arm-twisted Aircel owner C. Sivasankarn to sell his 74 percent stake to Maxis group of Malaysia, local media reported Friday.
Maran met Prime Minister Manmohan Singh after a routine Cabinet meeting and submitted his resignation.
The meeting between...
- 2. China: over 1,500 billion yuan will be invested in the aviation sector within five years
The Chinese government will invest more than 1500 billion yuan (227.3 billion dollars) in the aviation sector within five years, announced Thursday Jiaxiang Li, Director of Administration of Civil Aviation of China .
This figure represents 500 billion yuan more than in the last five years, said Li Jiaxiang.
China will build 45 airports over...
- 3. China: BAIC buys shares in a Swedish automotive transmission plant
The Beijing Automotive Industry Holding Co. (BAIC) of China announced Wednesday it had bought all the equipment and technologies in a Swedish automotive transmission plant for 31 million euro (42.5 million dollars).
My Tongli, the deputy general manager of BAIC, said that these purchases to WEIGL AB Transmission Plant (WTP) were profitable...
- 4. France: Carrefour recalls its frozen hamburgers
The French giant mass distribution conducted Wednesday to recall a batch of frozen hamburgers in its Carrefour-branded discount stores Carrefour, Carrefour Market, Carrefour City, Carrefour and Carrefour Contact Mountain.
It is within the usual control measures implemented by the provider that the bacterium Escherichia coli 026 H11 has been...
- 5. Sinopec completes acquisition of Unity in Western Argentina
China Petrochemical Group (Sinopec), the country's largest refiner, said Wednesday that the U.S. Occidental Petroleum Corp.. had completed to transfer its assets in Argentina.
Sinopec said in a statement, the company has reached agreement with U.S. Occidental Petroleum Corp.. the purchase of all assets of its Western Argentina for $ 2.45...
- 6. The army of the DPRK says it is doing its best to ensure peace and stability on the peninsula
The army of the Democratic People's Republic of Korea (DPRK) said on Wednesday that the DPRK will do its best to improve North-South relations and safeguard peace and stability on the Korean Peninsula, reported the official news agency KCNA.
According to the media, the inspection group of the National Defense Commission of the DPRK made the...
