Articles by: The Business Age Bureau

Russia plans new Mars probe in 2018

February 1, 2012 11:40 pm0 comments
Russia plans new Mars probe in 2018

Moscow: Russia would make another attempt to send a Phobos-Grunt probe to Mars’ satellite in 2018, a leading space expert has said. According to Lev Zeleny, director of the academy’s Institute of Space Research, the probe would be named Phobos-Grunt-2. The plan was initiated by the Russian Academy of Sciences, […]

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Obama presents mortgage refinancing plan

11:28 pm0 comments
Obama presents mortgage refinancing plan

Washington: President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates. Due to the precipitous decline in housing prices in recent years, more than 10 million […]

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Ecuador signs deals to boost oil output

11:26 pm0 comments
Ecuador signs deals to boost oil output

Quito: Ecuador has signed contracts for $1.7 billion in investment – the biggest to date in the country’s oil sector – to boost output at a pair of mature Amazon fields. Non-Renewable Natural Resources Minister Wilson Pastor, speaking at a signing ceremony at the presidential palace in Quito, described the […]

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73 killed, 1,000 hurt in Egypt football stadium violence

11:04 pm0 comments
73 killed, 1,000 hurt in Egypt football stadium violence

Cairo: At least 73 people were killed and up to a 1,000 injured following clashes and a stampede at a football stadium in the Egyptian city of Port Said Wednesday night. Numerous fans rushed to the field after their home team from Port Said, Al-Masry, defeated Al-Ahly, one of Egypt’s […]

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Petroleos Mexicanos posts nearly $25 bn surplus in 2011

12:51 am0 comments
Petroleos Mexicanos posts nearly $25 bn surplus in 2011

Mexico City: Petroleos Mexicanos, or Pemex, said Tuesday it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year. Exports totaled $55.79 billion, while imports came in at slightly more than $30.8 billion, the state-owned oil giant said in a preliminary statistical report on […]

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No more fraudulent marriages in Spain, marriage fraud ring busted

12:46 am0 comments
No more fraudulent marriages in Spain, marriage fraud ring busted

Barcelona: Thirty eight people suspected of organizing fraudulent marriages in Spain as a way of legalizing the immigration status of Dominican women working as prostitutes in the northeastern region of Catalonia have been arrested. Further arrests are not ruled out, police officials said. The investigation began in September 2010 after […]

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Chilean held for stealing ice from a glacier

12:26 am0 comments
Chilean held for stealing ice from a glacier

Santiago: Chilean police nabbed a man who was transporting in a refrigerated truck 5,200 kg of ice that had been removed from a glacier, the cargo apparently destined for bars and restaurants here in the capital. “It’s the first time that a situation with these characteristics has been reported,” the […]

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TVS Motor logs five percent sales growth in January

12:19 am0 comments
TVS Motor logs five percent sales growth in January

Chennai: Two- and three-wheeler maker TVS Motor Company Ltd closed last month with a five percent sales growth compared to January 2011. Announcing the monthly sales figures Wednesday, the company said it had sold 173,514 untis (171,112 two-wheelers and 2,402 three-wheelers) last month, up from 165,152 units (two-wheelers 161,725 and […]

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‘Occupy’ protesters defy ban, stay put in Washington

January 31, 2012 7:38 am0 comments
‘Occupy’ protesters defy ban, stay put in Washington

Washington: Occupy protesters in Washington defied a police deadline and erected a “tent of dreams” around a statue as part of their protest against eviction. The camps at McPherson Square and Freedom Plaza, a couple of blocks from either end of the White House, are the group’s most visible sites […]

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Obama confirms Pakistan drone strikes

7:07 am0 comments
Obama confirms Pakistan drone strikes

Washington: Unmanned drones regularly strike suspected militants in Pakistan’s tribal areas, US President Barack Obama confirmed during a video “hangout” on Google’s social network Google+ that was also streamed live on YouTube. Use of the unmanned drones began under former president George W. Bush, BBC reported. There were 118 drone […]

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