Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Monday, December 18, 2006

A state of emergency was declared Sunday for the U.S. state of Washington by governor Christine Gregoire, as additional reports of storm-related casualties surfaced. The state National Guard has been deployed to aid in distributing supplies.

Thousands were still without power in the coastal and Puget Sound regions, though most urban areas were back with power as late as Sunday afternoon, and outages were mostly contained to rural and unincorporated areas. Puget Sound Energy reported that roughly 500,000 energy customers out of the 700,000 who lost power were back in service by Sunday evening. Seattle City Light, the city’s independent municipal utility, reported only 18,000 customers still without power as of Monday morning, down from a peak of 175,000.

Four additional deaths related to the post-storm power outage had been reported as of Monday, bringing the total number of casualties to eight. A man in Gig Harbor was electrocuted by a downed power line while walking his dog. Another man in Spanaway died when an unattended candle caused a house fire.

Two died from carbon monoxide poisoning in separate incidents related to use of combustion devices indoors. Roughly a hundred additional cases of non-fatal carbon monoxide poisoning were reported from people using generators or grills indoors. News radio stations and authorities warned the public to stay away from downed power lines and not to use grills indoors. Dr. Neil Hampson at Virginia Mason’s hyperbaric unit, where a number of victims were being treated, warned it could be “the worse case of carbon monoxide poisioning in the country”.

On Monday, four new carbon-monoxide deaths were reported in a family of five in Burien due to an indoor generator. In Canada, which had some damage from the week’s storms, two southern British Columbia carbon monoxide deaths were also reported. Despite continued warnings, hospitals are still seeing cases of carbon monoxide poisoning, including a family in w:Shoreline, Washington which was taken to the hospital after they reported symptoms due to their indoor grill. Neighbors of the Burien family suggested that noise concerns are leading people to place noisy generators indoors.

The massive power outage left many stores and gas stations unable to operate. Some businesses opened with the help of backup generators, conserving power by foregoing heat and refrigeration, exterior lighting, and half the interior lighting. Most stores had run out of “D” size batteries, the most common size for flashlights, as well as firelogs and other essentials. Gasoline shortages were reported throughout the area, with one man selling excess fuel for as high as $15 per gallon, over 5 times the average retail price.

The Red Cross set up shelters throughout King and other affected counties for those without power or food. Hotels reported no vacancies as whole families took shelter in powered hotels, especially in Seattle. Restaurants also reported brisk business as people sought out a hot cooked meal. Tons of perishable food were expected to have become unsafe after the prolonged outage disabled refrigerators and freezers both in homes and stores.

Many of those without power visited nearby friends and family living where power had been continued or restored, while others traveled out of the area to places that had not been affected. The widespread outage made long-distance traveling treacherous on some major routes, with roadway lighting, cellular towers, and services disabled by the outage.

Most major roadways which were closed during the storm were reopened on Friday. The 520 Floating Bridge over Lake Washington, a major conduit to the technology-rich Eastside, sustained minor damage. Amtrak, which had halted its Cascades service, resumed Saturday evening. Sea-Tac Airport resumed operations with a reduced flight load, after a transient power outage on Friday disabled the airport radar and caused all planes to be grounded until it was repaired.

Friday, August 10, 2007

Eight Hungarian migrant workers sacked from a Domino’s Pizza franchise in Derby, England are said to have taken home virtually no pay for months because of illegal deductions.

The claim is refuted by the company who said in a statement “We have begun a thorough investigation during which we have scrutinised the franchisee’s employment practices. This took place with his full co-operation. The franchisee concerned is confident that he possesses the evidence required to refute these allegations. To the extent that we have been informed of all allegations and have reviewed all available evidence, we also believe this to be the case.”

The sacked workers are being supported in their claim by the workers union Unite. The union say the “there appeared to be a deliberate strategy of keeping the workers in debt to the company through a series of crippling deductions. The deductions included payments to cover the contract purchase of a car from their employer, insurance for the vehicle provided through their employer, and exorbitant rent for substandard accommodation, again provided through their employer. In addition, some workers had to pay fees of up to £180 for an “introduction” to the company. One worker earned just £5 in four months because of the constant and hefty deductions out of his wage packet. When the workers protested they were sacked.”

Friday, January 20, 2006

Iran, has decided to pull its finances out of European banks and into different foreign banks. A senior Iranian official stated that this is an attempt to pre-empt possible U.N. sanctions over its resumption of nuclear fuel enrichment activities.

Comments by Iran’s central bank governor Ebrahim Sheibani, carried on air by the ISNA student news agency, confirmed that Iran had started transferring funds.

“We transfer foreign reserves to wherever we see as expedient. On this issue, we have started transferring. We are doing that,” Sheibani told the ISNA agency.

Ebrahim Sheibani also told the agency that the assets were being moved to an “undisclosed” location.

It is unknown exactly how much money is involved or whether or not Iran’s investments in Europe would be affected by the move. Traders have said that they had already factored such a possibility into the market.

Gary Samore, an expert on Iran and vice president for international programs at the McArthur Foundation in Chicago, said “the move reflected concern by Tehran that the Europeans might take unilateral measures amid the crisis over its nuclear program.” He also added that its decision to pull its assets from Europe “makes sense in terms of preparing for the possibility that Europe might take some measure to impose some financial sanctions. I don’t know that it changes the diplomatic formula. The key issue is still the question of whether or not the Western group can engineer a formal referral to the Security Council.”

It is unclear if an asset freeze or other punishment is imminent in Iran, but it has happened before. The country’s assets in the United States have been frozen since Iranians seized the U.S. Embassy in Tehran and held its staff hostage after the 1979 Islamic revolution.

An Italian court last year had ordered an Iranian bank account to be frozen at the request of U.S. plaintiffs who were seeking compensation for terrorist acts they believe were supported by the country (Iran).

Earlier the EU drafted a resolution that calls for referring Iran to the 15-nation council. But it is said to stop short of asking for punitive measures against Iran. The IAEA is expected to meet on February 2, 2006 to discuss Europe’s draft.

A compilation of brief news reports for Thursday, December 4, 2008.

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On December 2, the Toronto city council voted in favor of banning the sales and distribution of bottled water on city property. The council also agreed to provide public drinking fountains on their properties, as well as on a measure that would make shoppers pay at least five Canadian cents for plastic grocery bags and force business owners to offer reusable bags and carry-out containers.

“Toronto’s decision to ban the bottle and turn on the tap sends a clear message that bottled water’s 15 minutes are up,” said Polaris Institute’s campaign coordinator, Joe Cressy.

All of the city’s facilities should be following the water ban by 2011, while businesses will have to implement their bag fees by 2010. Toronto has become the largest city in the world to ban bottled water on government property.

Related news

• “Calls for bottled water bans grow in Canada” — Wikinews, August 23, 2008

Sources

• “Toronto Bans Bottled Water” — CNW Group, December 3, 2008
• “Toronto council approves plastic bag charge, bottle ban” — CBC News, December 3, 2008

On Tuesday, American actor, Patrick Swayze, who suffers from pancreatic cancer, denied reports that he was near death. American tabloid National Inquirer reported on November 28 that Swayze’s cancer had spread to his liver and that he was preparing for his death.

“The only thorn in my side being that many tabloids have been consistently reporting lies and false information about me and those close to me,” said Swayze in a statement to the press who also added that he knows he is in “the fight for his life,” but that it is a fight that he “is winning.”

“I’m one of the lucky few that responds well to treatment,” added Swayze.

Swayze has starred in over a dozen films, including the 1987 hit film Dirty Dancing.

Related news

• “Wikinews Shorts: November 28, 2008” — Wikinews, November 28, 2008

Sources

• “Swayze denies ‘deathbed’ rumours” — BBC News Online, December 3, 2008
• “Patrick Swayze denies reports he is near death” — Reuters, December 2, 2008

Friday, April 13, 2007

On Wednesday, Canadian BlackBerry maker Research In Motion Limited (RIM), reported preliminary fourth quarter and year-end financial results. Despite record profits, up from US$18 million in the same quarter last year to $188 million for the current quarter, the news was dampened by the revelation that the US Securities and Exchange Commission (SEC) had formalized its investigation into RIM’s accounting practices.

An internal review by RIM, initiated eight months ago, revealed irregularities with how the company accounted for stock options. On March 5 of 2007, RIM co-chief executive and chairman, Jim Balsillie, resigned his position of chairman, due to the irregularities.

RIM had indicated, until recently, that the SEC probe into the company’s stock option granting practices was an informal inquiry. In a press release April 11, RIM suggested that “the informal inquiry has been converted to a formal investigation.”

In its press release, RIM indicated it would restate financials for the second and third quarters of fiscal 2007, and the fiscal year ended March 3, 2007 only. Through its internal probe, RIM had determined that the accounting irregularities for recently filed Canadian Generally Accepted Accounting Principles (GAAP) statements would not result in a material adjustment. It would not, therefore, restate Canadian GAAP financial statements, filed previously.

Aside from the record profits just reported, RIM indicated that it had shipped approximately 6.4 million BlackBerry devices in fiscal 2007 and that 1.02 million subscriber accounts were added in the fourth quarter. At the end of the quarter, the total BlackBerry subscriber account base had increased to 8 million.

On the news of the formal SEC inquiry, RIM’s stock price was down over 8%, Thursday, on the NASDAQ.

Wednesday, May 2, 2012

A double-decker ferry capsized late Monday in the Brahmaputra River near Guwahati, India. The ferry was over capacity when a storm caused it to overturn and break in half. The ferry passengers were mostly women and children. Officials estimate there are at least 200 casualties. Inclement weather hindered rescue attempts and as of Tuesday, 103 bodies have been recovered. No life jackets or lifeboats were aboard the ferry at the time of the event.

According to officials, many of the bodies may have floated 25 miles down river to Bangladesh, due to strong currents. The river is a vital source of irrigation and transportation to the people along its coast. It is approximately 1,800 miles long, making rescue efforts difficult to pursue quickly. Rescuers are working around the clock in efforts to locate any remaining survivors.

About 150 passengers swam to a nearby shore. The remaining passengers are missing and are feared dead. Reports indicate this is one of the worst ferry accidents ever recorded in India. Indian Prime Minister Manmohan Singh issued a statement expressing his remorse over the death of the passengers and announcing that he would compensate the next of kin of all casualties Rs 200,000, or about $4,000 US dollars.