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Miliband warns of piracy danger

Foreign Secretary David Miliband has said that piracy in Somalia "is a grave danger to stability in the region".

Big 3 carmakers beg for $25B, warn of catastrophe

WASHINGTON -- Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.

Wednesday, 19 November 2008

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  • Berlusconi backs Lufthansa rescue of AlitaliaItaly's prime minister declares that he and the German chancellor are in favour of an alliance between the two airlines, a remark dismissed by other parties as political theatre
  • EasyJet dispute deepens over accountsShares in UK-based low-cost airline fall further as founder and largest shareholder Sir Stelios Haji-Ioannou refuses to approve the group's annual results

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  • Ford sells Mazda stake and seeks aid from Congress Ford ended 12 years in the driving seat at Mazda yesterday with the sale of a 20 per cent stake in the Japanese carmaker. The struggling American company, which has given warning that it could run out of cash by next April, will raise about $538 million ($£359 million).

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  • China Railway Group says gets $1.63 bln contractsSHANGHAI (Reuters) - China Railway Group , the country's largest railway and highway builder, said on Tuesday that subsidiaries had won contracts worth a total of 11.12 billion yuan ($1.63 billion).
  • Boeing shares fall to 5-yr low on earnings worriesNEW YORK (Reuters) - Boeing Co shares tumbled 6.5 percent to a nearly five-year low on Tuesday as analysts expressed concerns about the plane maker and defense contractor meeting profit estimates over the next two years, as it grapples with production delays, airlines' lack of financing to buy planes, and risks that the new U.S. administration will cut defense spending.

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  • Airline boss flying high

    HE began his career checking in passengers. Today Jim French is the head of Europe's biggest independent regional airline, as Sheryl Moore discovers...

  • City car club proves a real Whizz of an ideaA PAY-BY-THE-HOUR car club is motoring ahead with ambitious plans to dramatically increase the number of vehicles it operates in Manchester.

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  • $2.5 Billion Hit to Md. Transportation Forecast Maryland could be forced to rein in transportation projects by an additional $2.5 billion in coming years, legislative analysts said yesterday, citing a sharp drop-off in tax collections on car sales and gas purchases that has also hamstrung Virginia and other states.
  • Big 3 carmakers beg for $25B, warn of catastrophe WASHINGTON -- Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.

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