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Archive for October, 2009

Disaster-hit Asia counts the dead

Dazed Asian countries reeled from the full force of nature’s fury on Thursday with thousands feared dead in a rapid-fire onslaught of earthquakes, tsunamis and typhoons. Rescuers picked through rubble after a huge quake struck Indonesia and a towering tsunami deluged the Samoan islands,

India, China to lead economic recovery: IMF

Giant neighbours China and India will lead Asian expansion as domestic stimulus measures spur demand, the International Monetary Fund forecast Thursday.    Growth momentum will build in Asia during the second half of 2009, forming the basis for a "generally moderate recovery" in 2010, as demandGiant neighbours China and India will lead Asian expansion as domestic stimulus measures spur demand, the International Monetary Fund forecast Thursday. Growth momentum will build in Asia during the second half of 2009, forming the basis for a “generally moderate recovery” in 2010, as demand

US employee confidence up in third quarter – survey

US employee confidence edged up in the third quarter, with many workers saying the worst of the recession is over, but that optimism came with hopes for raises and advancement when the dust clears, a survey released on Thursday showed. If the economy reaches pre-recession levels, 57 per cent

Philippine floods victims brace for another typhoon

Millions of terrified flood victims in the Philippines, many of them in cramped evacuation camps or still cleaning their homes braced for another storm bearing down on the country. “We must prepare for the rain and the wind,” chief government weather forecaster Prisco Nilo said as Typhoon

Dozens dead after boat capsizes in Indian state of Kerala

Rescue workers pulled bodies from a lake in southern India on Thursday after a boat carrying tourists capsized, killing at least 37 people.    The vessel overturned in the Thekkady tiger reserve, in the coastal state of Kerala when passengers rushed to one side to observe a herd of wildRescue workers pulled bodies from a lake in southern India on Thursday after a boat carrying tourists capsized, killing at least 37 people. The vessel overturned in the Thekkady tiger reserve, in the coastal state of Kerala when passengers rushed to one side to observe a herd of wild

Indonesia quake death toll 100-200: disaster agency

A powerful earthquake, which struck near the city of Padang on Indonesia’s Sumatra island on Wednesday, has killed between 100 and 200 people, but thousands remain buried in rubble, officials said on Thursday morning. Priyadi Kardono, spokesman for the national disaster agency, gave the

At 60, China seeks greater global role

Chinese leaders have told their diplomats to seek greater political and economic influence, changing tack from the low profile they relied on for decades to allay foreign concerns about the country’s growing might. China’s new status found voice in last year’s Beijing Olympics was bolstered

Hong Kong’s old airport set for multi-billion dollar takeoff

It’s probably the most valuable strip of derelict land in the world. The defunct Kai Tak airport sits right in Hong Kong’s Victoria Harbour and is estimated to be worth up to $40 billion -the equivalent, experts say, of around 30 of the world’s tallest skyscrapers. “It is a jewel,” said

Going for gold: Who will land Olympic glory?

Tonight, at a conference in Copenhagen, Denmark, the International Olympic Committee will announce which city has been successful in their bid to host the 2016 Games.   Here, Emirates Business puts questions to the people behind the four citiesTonight, at a conference in Copenhagen, Denmark, the International Olympic Committee will announce which city has been successful in their bid to host the 2016 Games. Here, Emirates Business puts questions to the people behind the four cities’ applications – Carlos Nuzman (chief of bid for Rio