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Business News Archive - August 05, 2008

I Was astonished to read BP made pounds6.75-billion profit in the past six months, the equivalent to pounds2-million every hour. With oil prices soaring and fuel prices at an all time high it is scandalous they are able to get away with making so much money.

By Sean Farrell Financial Editor HSBC warned yesterday that there is a real risk of a recession in the United States and that the bank's markets in Asia would suffer from a severe slowdown in the world's biggest economy.

World News IN BRIEF *JERUSALEM A couple going on holiday to Europe remembered to take their duty-free shopping and their 18 suitcases, but left their three-year-old daughter at the airport.

WASHINGTON _ John Anderson's family was taking a trip to Disney World in 2004 when they were stopped by security at Minneapolis-St. Paul International airport. The airlines thought John, who goes by Jack, was on a terror watch list.

By Scott Russon Dr Geoff Andrews, the author of a new book on the Slow Food movement, tells Scott Russon why politicians must focus on long- term, localised solutions to the global food crisis The first in-depth study of the politics of the Slow Food movement has been published by Dr Geoff Andrews, a social scientist at the Open University, whose background is in the history of political ideas and Italian politics.

By S.M. Mohamed Idris IT was reported recently that Japan disposes of 20 million tonnes of food waste a year, equivalent to five times the global food aid given last year to the poor. The waste used to be dumped into landfills but now some of it is recycled into animal feed and fertiliser.

By Sharifah Mahsinah Abdullah KOTA BARU: Operating a stall at a wet market has its advantages for Tumpat-born Hanim Junoh, 37. The mother-of-two, who runs a vegetable stall at the Gok Kapur market here, takes home her unsold vegetables and gets discounts from other stall operators.

By Laura Van Wert The wave pool at Boyce Park might be a great place to burn off extra calories, but the concession stand offerings won't help keep them off.

MOSCOW, Aug. 5 /PRNewswire-FirstCall/ -- OAO Severstal (LSE: SVST; RTS: CHMF), one of the world's leading metals and mining companies, today announced that it has completed its acquisition of Esmark Incorporated, a manufacturer and distributor of flat rolled and other steel products.

WHEELING, W.Va., Aug. 5 /PRNewswire-FirstCall/ -- Esmark Incorporated ("Esmark") today announced the completion of its acquisition by OAO Severstal (LSE: SVST; RTS: CHMF) ("Severstal").

Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.