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Archive for May 11th, 2008Korean, Japanese firms win contracts for Kuwaiti refineryPosted by UK Economy News
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11May 08 Four South Korean and a Japanese firm were on Sunday declared winners of four major contracts worth billions of dollars to build a new refinery in Kuwait, an oil official said.
Read full story Qatar signs deals to build bln dlr power plantPosted by UK Economy News
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11May 08 Gas-rich Qatar on Sunday signed a series of deals to build a 3.8-billion-dollar (2.5-billion-euro) desalination and power plant part-owned by Japanese and French firms, a statement said.
Read full story Comments Off French autoparts maker Faurecia to open Czech exhaust plantPosted by UK Economy News
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11May 08 French auto components multinational Faurecia will open a 20 million euro (30.9 million dollar) plant producing exhausts in the eastern Czech town of Karvina as part of a wider shake-up of its Czech business, the domestic CTK news agency reported Sunday.
Read full story Comments Off Japan’s Yamada Denki to expand in ChinaPosted by UK Economy News
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11May 08 Yamada Denki, Japan's largest discount home electronics retail chain, is planning to open its first Chinese outlet by 2010.
Read full story Comments Off John Elkann, 32, to become new czar of Italy’s Fiat dynastyPosted by UK Economy News
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11May 08 The Agnelli dynasty will crown the new czar of the Fiat automotive empire on Tuesday when John Elkann, scion of the family known as "Italy's Kennedys," takes over at the tender age of 32.
Read full story Comments Off High oil prices will break some airlines: Ryanair bossPosted by UK Economy News
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11May 08 The current record highs in oil prices will force some airlines into bankruptcy, the outspoken chief executive of budget airline Ryanair told a German newspaper on Sunday.
Read full story Comments Off China unveils new jumbo jet company: reportPosted by UK Economy News
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11May 08 China unveiled its own jumbo jet maker in Shanghai on Sunday, state press reported, in a move that could eventually rival Airbus and Boeing.
Read full story Comments Off China forms company to make regional and jumbo jetsPosted by UK Economy News
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11May 08 China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.
Read full story Comments Off French contemplate bid for leading UK nuclear utilityPosted by UK Economy News
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11May 08 French state-owned energy giant EDF, the world's biggest nuclear energy producer, has ambitions to expand into a lucrative future British market with a bid for the leading British nuclear energy producer.
Read full story Comments Off South Africa faces up to ‘wage apartheid’Posted by UK Economy News
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11May 08 Whites in South Africa earn five times more than their black counterparts on average, according to a new study, illustrating the enduring legacy of apartheid 14 years after its abolition.
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