Business News Archive - October 12, 2008

Airline failures, the credit crunch and a dismal airport experience have caused a sharp fall in the number of fliers from the UK. Martin Hickman reports Air travel is declining for the first time in almost 20 years, The Independent on Sunday discloses today.

By The Associated Press HAVANA (AP) - Cuba is limiting how much basic fruits and vegetables people can buy at Farmers' Markets, irritating some customers but ensuring there's enough - barely - to go around.The lines are long and some foods are scarce, but because the government has maintained and even increased rations in some areas, Cubans who initially worried about getting enough to eat now seem confident they won't go hungry despite the destruction of 30 percent of the island's crops by hurricanes Gustav and Ike last month."Of the little there is, there is some for everyone," 65-year-old Mercedes Grimau said as queued up behind more than 50 people to buy lettuce, limited to two pounds per person."I'm not afraid that I will be left without food, but it's a pain to think about all the work we are going to have to go through," Grimau added.

By Marshall Brain Have you ever held an actual lump of coal in your hands? It looks like a black rock. But the thing you immediately notice is its weight. Coal feels incredibly light compared to a normal rock.

Unable to make the grade as a cricketer, and deterred from journalism by his parents, Gordon Ottewell appeared destined for a life down the pits. His 10-year mining career was a testing time but it also brought him in to contact with a wealth of characters.

So gordon BROWN has hailed the Government's pounds50billion bank bail-out plan, saying it should restore 'confidence and trust' to the financial system.

By Donny Sheridan Q I need advice on what bracket to use to hang a 32in flat- screen TV. A A bracket is only as strong as the fixings and wall it is mounted on to. If you have a solid brick wall then you will be fine.

Text of report by Karachi-based private Pakistani channel Geo TV website on 12 October Islamabad: President Asif Ali Zardari on Saturday said power and energy was most critical for economic development of the country and directed swift measures to end load shedding and power shortages on war footing.

Excerpt from report by state-owned Kyrgyz Television 1 on 8 October Russia is going to invest in large energy projects in Kyrgyzstan, Russian Energy Minister Sergey Shmatko has said at the tenth session of the Kyrgyz-Russian inter-governmental commission.

Text of report by Khalid Mustafa headlined "Power crisis worsens as deficit swells to 4,000 MW" published by Pakistani newspaper The News website on 12 October Islamabad: The prevailing power crisis in the country worsened on Saturday [11 October] as power deficit swelled to 4,000 MW because of further reduction in water outflows from the Tarbela Dam, closure of seven thermal power units and zero supply of gas to power houses.

Text of report by Gakuu Mathenge entitled "Chinese takeover" published by Kenyan privately-owned daily newspaper The Standard website on 12 October; subheadings inserted editorially During KANU's [Kenya African National Union] reign, China-Kenya relations were frosty.

Word of the Day
  • Emitting flashes of light; glittering.
The word 'coruscant' comes from a Latin word meaning 'to flash' or 'to sparkle'.