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Archive for May, 2008Fishing fuel strikes, protests hold firm across EuropePosted by UK Economy News
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31May 08 An all-out strike by Spanish fishermen, who operate Europe's largest fishing fleet, went into a second day Saturday, amid protests on land and at sea across Europe at rocketing fuel prices.
Read full story RWE offers to sell off German gas transport networkPosted by UK Economy News
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31May 08 German energy group RWE proposed Saturday to sell off its 4,100 kilometres (2,500 miles) of gas transmission network in order to avoid a drawn-out anti-trust battle with the European Commission.
Read full story Comments Off Myanmar cyclone raises risk of forced labour: ILOPosted by UK Economy News
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31May 08 The International Labour Organisation expressed its concern Saturday that the Myanmar ruling military junta will use forced labour to rebuild areas of the country devastated by Cyclone Nargis.
Read full story Comments Off Spain to approve economic stimulus measures: PMPosted by UK Economy News
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31May 08 Spanish Prime Minister Jose Luis Rodriguez Zapatero said Saturday his government is planning new measures to stimulate economic growth and make Spanish business more competitive.
Read full story Comments Off Gulf dollar peg is sovereign issue: US treasury chiefPosted by UK Economy News
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31May 08 US Treasury Secretary Henry Paulson said on Saturday that the link of Gulf currencies to the dollar is a sovereign matter, as he started a Gulf tour in the Red Sea city of Jeddah.
Read full story Comments Off Candle-lit protest in Seoul intensifies against US beef importsPosted by UK Economy News
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31May 08 Some 20,000 protestors took to the streets in Seoul Saturday, urging the government to call off its decision to resume US beef imports in the coming week, witnesses said.
Read full story Comments Off Airbus picks Franco-German group to take over German plantPosted by UK Economy News
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31May 08 A partnership between German firm Diehl and France's Thales has been picked to take over from Airbus a German factory that finishes cabin interiors for the European aircraft-maker, a statement said Saturday.
Read full story Comments Off OPEC chief insists speculation behind price risesPosted by UK Economy News
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31May 08 OPEC president Chakib Khelil again blamed speculators for the steep rise in oil prices Saturday, insisting that supply was not a problem.
Read full story Comments Off Philippine beef and pork prices set to rise: reportPosted by UK Economy News
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31May 08 Philippine consumers already battling to cope with record rice and fuel prices can expect to pay more for beef and pork, media reports said Saturday.
Read full story Comments Off Airbus says Diehl/Thales is bidder for German unitPosted by UK Economy News
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31May 08 European aircraft maker Airbus is in exclusive talks with a joint-venture between German defence group Diehl and French electronics group Thales for its cabins factory in Laupheim, Germany.
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