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High-Tech Japanese, Running Out of Engineers (17 May 09:11) |
| Engineering skill made Japan an economic superpower, but its young people are now choosing other careers.
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This July 4, Fewer Bombs May Burst in Air (17 May 08:41) |
| An explosion that destroyed 20 fireworks warehouses in China three months ago will probably mean dimmer night skies on the Fourth of July in the United States.
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In Siberia, Shopping Malls Are Sprouting All Over (17 May 08:20) |
| Siberia, where Russians waited in long lines to buy food with ration cards not long ago, is the improbable epicenter of a huge mall boom.
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Business Briefing | Lawsuits: Parmalat Had Little Cash Left, Executive Testifies (17 May 07:56) |
| Parmalat, the Italian dairy, had 6.5 million euros ($10 million) in cash left six days after filing for bankruptcy in 2003, rather than the 4 billion euros it claimed to have.
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Scrapping 2 Costly Reactors, Canada Reopens Aging One (17 May 07:21) |
| The 51-year-old reactor had been temporarily closed by Canada’s nuclear regulator in November for safety reasons, but two troubled replacement units could not be completed.
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Write-Down at Royal Bank of Canada (17 May 12:50) |
| The bank said it would take a write-down of 855 million Canadian dollars ($846 million) on its second-quarter earnings, largely because of problems in the United States debt market.
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3 Nordic Banks Help Iceland Prop Up Currency (17 May 12:47) |
| The central banks of Sweden, Denmark and Norway have lent Iceland emergency credit of up to $2.3 billion to shore up its swooning currency and forestall a broader economic collapse.
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Germany Debates Subsidies for Solar Industry (16 May 05:19) |
| Thanks to its aggressive push into renewable energies, cloud-wreathed Germany has become an unlikely leader in the race to harness the sun’s energy.
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Microsoft Joins Effort for Laptops for Children (16 May 11:52) |
| After years of conflict, Microsoft and the computing and education project One Laptop Per Child, have reached an agreement that will put Windows on the organization’s computers.
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French Bank to Sell Assets to Offset Subprime Losses (16 May 11:36) |
| Crédit Agricole named a new head for its investment banking unit and said it planned to sell 5 billion euros, or $7.75 billion, of assets to help pare losses linked to the subprime market d... |
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Solar Valley Rises in an Overcast Land (16 May 08:52) |
| Thanks to its aggressive push into renewable energies, cloud-wreathed Germany has become an unlikely leader in the race to harness the sun’s energy.
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U.S. Declines to Say China Manipulates Its Currency (16 May 08:35) |
| The Bush administration on Thursday declined to label China a manipulator of currency to gain unfair trade advantages.
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Deal for Auto Workers (16 May 07:38) |
| The Canadian Auto Workers union reached tentative agreements with General Motors of Canada and Chrysler Canada, four months before current contracts expire.
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Led by Germany, a Strong Quarter for Europe (16 May 01:14) |
| The German economy grew 1.5 percent in the first quarter of this year, delivering its best performance in over a decade. The euro zone grew 0.7 percent during the period.
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To Pare Losses, French Bank Plans to Sell Assets (15 May 11:47) |
| Crédit Agricole named a new head for its investment banking unit and said it planned to sell 5 billion euros, or $7.75 billion, of assets to help pare losses linked to the subprime market d... |
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Canadian Union and G.M. Agree on Contract (15 May 11:20) |
| Under the deal, General Motors workers will get no wage increases for three years but will see cost-of living improvements. Union members will vote on the agreement on Friday.
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BT Profit Falls as Broadband Gains (15 May 06:42) |
| The company said profit fell 6.2 percent to 426 million pounds ($828.5 million) in the fourth quarter as costs rose and it lost some wholesale customers to broadband services.
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Benjamin Gaon, Who Aided Israel-Arab Trade, Dies at 73 (15 May 03:18) |
| Mr. Gaon was an Israeli industrialist who tried to build trade links with the Arab world and helped the Israeli economy move toward privatization.
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Europe Expanding Inquiry on Availability of Drugs (15 May 08:59) |
| Investigators are seeking to determine whether companies are blocking generics drugmakers from getting less-expensive medicines to market quickly.
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British Bank Chief Expects No Relief From Inflation (15 May 08:58) |
| The central bank governor, Mervyn King, said that inflation in Britain, which rose to 3 percent in April, would probably remain that high or rise as energy and food prices increase.
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I.R.S. Seeks Reports of Foreign Accounts (15 May 08:24) |
| In its hunt for wealthy Americans who have stashed money overseas to evade taxes, the U.S. government has turned to an obscure law enacted nearly four decades ago.
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Airbus Unit Helps EADS Post Profit (15 May 08:23) |
| EADS bounced back to a quarterly profit, reflecting an unexpected turnaround at Airbus, its commercial plane maker, and a hefty early payment for its military transport aircraft.
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Telecom Deal By Germans In Greece (15 May 08:22) |
| Greek officials said that it had sold a 3 percent stake in the country’s public telecommunications operator to Deutsche Telekom, the largest telephone company in Europe.
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Benjamin Gaon Dies at 73; Aided Israel-Arab Trade (15 May 08:20) |
| Mr. Gaon was an Israeli industrialist who tried to build trade links with the Arab world and who helped the Israeli economy move from its socialist roots toward privatization.
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Sony Braces for Letdown After a Year of Gains (15 May 08:10) |
| Income at the consumer electronics giant rebounded as the company was able to hold down chip costs, but was hurt by a drop in the value of its financial holdings.
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Canadian Oil Sands Project Is Delayed (15 May 05:43) |
| Work on a large oil sands project was delayed after the Federal Court of Canada rejected an appeal by Imperial Oil to reinstate a permit that was voided in March.
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Writedown at Royal Bank of Canada (15 May 05:39) |
| The Royal Bank of Canada said it would take a write down of 855 million Canadian dollars ($846 million) on its second-quarter earnings, largely because of problems in the United States debt ... |
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Tax Havens Face Pressure From Europe (15 May 05:34) |
| The European Commission will propose expanding a directive to ensure that Europeans do not evade taxes on the interest from savings by opening accounts abroad.
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Deutsche Telekom to Share Control of Greek Rival (15 May 01:25) |
| Greek officials said that it had sold a 3 percent stake in the country’s public telecommunications operator to Deutsche Telekom, the largest telephone company in Europe.
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Europe Expands Inquiry of Drug Companies (15 May 12:50) |
| Investigators are seeking to determine whether companies are blocking generics drugmakers from getting less-expensive medicines to market quickly.
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British Bank Chief Expects Inflation to Accelerate (14 May 11:26) |
| The central bank governor, Mervyn King, said that inflation in Britain, which rose to 3 percent in April, would probably remain that high or rise as energy and food prices increase.
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Games Unit Helps Sony in Quarter (14 May 08:00) |
| Income at the consumer electronics giant rebounded as the company was able to hold down chip costs, but was hurt by a drop in the value of its financial holdings.
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ING Profit Down 19% Amid Market Turmoil (14 May 07:53) |
| The Dutch financial services group reported a bigger-than-expected drop in quarterly net profit, hit by weaker returns from real estate, private equity and market investments.
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EADS Returns to Profit as Deliveries Rise (14 May 07:37) |
| The parent of Airbus reported a net profit in the first quarter of 285 million euros ($440 million), as it increased deliveries and cut costs, helping offset the weaker dollar.
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Sony Posts Surprise Quarterly Loss (14 May 12:04) |
| Sony Corp. posted a loss as the weak stock market ate into the value of its securities holdings, but it forecast a bigger-than-expected profit this year.
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Delays Stall Delivery of Airbus A380s Again (14 May 10:55) |
| The European plane maker announced another delay in deliveries of its A380 superjumbo, a report that came as no surprise to a market jaded by overambitious promises from manufacturers.
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Nissan Warns Profit Jump Is Fleeting (14 May 10:41) |
| Nissan became the latest major Japanese automaker to report booming earnings for the fiscal year that just ended while forecasting a plunge in profit for the current year.
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Ex-Banker From UBS Is Indicted in Tax Case (14 May 10:40) |
| A former UBS banker and another man were charged for their alleged role in a tax evasion scheme.
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Relief on Société Générale’s Profit Report (14 May 10:39) |
| Société Générale said quarterly net profit fell 23 percent. But Crédit Agricole said it would seek a $9.1 billion infusion to shore up capital after write-downs at one of its investment... |
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Indians Find U.S. at Fault in Food Cost (14 May 10:37) |
| Instead of blaming India and others for the rise in food prices, Americans should rethink their energy policy — and stop eating so much, say a growing number of Indians.
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2 Indicted in UBS Tax Fraud Case (14 May 01:43) |
| A former UBS banker and another man were charged for their alleged role in a tax evasion scheme.
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2 Indicted in UBS Tax Investigation (14 May 12:09) |
| Federal authorities indicted a former UBS banker for his role in a tax evasion scheme that allowed an ultra-wealthy American to use overseas trusts to avoid paying taxes on $200 million in a... |
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Indians Bristle at U.S. Criticism on Food Prices (13 May 11:37) |
| Instead of blaming India and others for the rise in food prices, Americans should rethink their energy policy — and stop eating so much, say a growing number of Indians.
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French Bank Plans to Raise $9.1 Billion (13 May 10:02) |
| Crédit Agricole said the equity offering is aimed at shoring up capital after further write-downs at its Calyon investment bank. Earlier, Société Générale said quarterly net profit fell... |
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Australian Bank Acquires Rival for $17.5 Billion (13 May 06:31) |
| Westpac Banking said that it would acquire St. George in a deal that will create one of Australia’s largest banks.
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Société Générale’s First-Quarter Profit Drops 23.4% (13 May 02:44) |
| Despite the drop in profits, the large French bank pummeled by a rogue trading scandal, beat the average market earnings forecast.
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Nissan Plans Electric Car in U.S. by ’10 (13 May 11:47) |
| The commitment, announced Tuesday, will be the first by a major automaker to bring a zero-emission vehicle to the American market.
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For HSBC, Asia Offsets Loan Problems in the U. S. (13 May 11:36) |
| Europe’s biggest bank put aside $3.2 billion for bad loans in the United States in the first quarter, in line with its expectations.
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World Business Briefing | Americas: Venezuela: Steel Company Is Nationalized (13 May 10:16) |
| President Hugo Chávez of Venezuela signed a law to formally assume state control of the Venezuelan unit of Ternium, a steel maker based in Luxembourg.
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World Business Briefing | Europe: Britain: Power Supply Maker Rejects Bid (13 May 10:16) |
| The Chloride Group, the largest maker of backup power supplies in Europe, rejected a preliminary $1.3 billion takeover approach from the Emerson Electric Company of St. Louis, setting off a ... |
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