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World - Chinese rail official gets death sentence in corruption case


A Beijing court on Wednesday sentenced a former railway official to death for corruption, but promised a reprieve after two years of good behavior, state media reported, in the latest graft case to hit China`s sprawling rail network. Wen Qingliang was sacked as head of the rail bureau in the southwestern city of Kunming in 2011 for `discipline` problems, the usual euphemism for corruption in China. The Beijing court found that Wen took more than 20 million yuan ($3.3 million) in bribes between 2005 and 2011 while working in the northern province of Shanxi `to provide favors to companies bidding on railway projects`, the official Xinhua news agency said. His death sentence will be commuted after two years, Xinhua added, which generally means that after two years of good behavior he will end up with a life sentence.


Wednesday, August 20, 2014  07:14

Yahoo

World - 17 NRL players get notices over banned supplements


SYDNEY (AP) — The Australian Sports Anti-Doping Authority has begun issuing notices to 17 current and former National Rugby League players from the Cronulla Sharks over the use of illegal supplements during the 2011 season.


Wednesday, August 20, 2014  06:22

Yahoo

Business - Wal-Mart: Try, try again


NEW YORK (AP) — Wal-Mart thought shoppers would like the opportunity to use a smartphone app to scan items they want to buy as they walk through store aisles. In theory, they could speed through self-checkout.


Wednesday, August 20, 2014  04:00

Yahoo

World - Foreign minister Davutoglu will be new Turkish PM, says Gul


Turkish President Abdullah Gul said Tuesday that Foreign Minister Ahmet Davutoglu is set to take over from Recep Tayyip Erdogan as the country`s next prime minister. Erdogan won the vote to be Turkey`s first elected head of state on August 10, replacing Gul with whom he founded Turkey`s ruling Islamic-rooted Justice and Development Party (AKP). `As far I understand, Ahmet Davutoglu will be the next head of government,` the outgoing president told the media at his last reception at the presidential palace in Ankara. I am going to support him,` said Gul of the understated former academic, who has been foreign minister since 2009.


Wednesday, August 20, 2014  00:04

Yahoo

Business - Deutsche Bahn sues airlines in U.S. over 1999-2006 price fixing


Deutsche Bahn [DBN.UL] is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters. The airlines` price fixing was first exposed seven years ago and triggered fines of 800 million euros in the European Union in 2010 and a fine of $1.5 billion in the United States. Deutsche Bahn said the companies targeted by the lawsuit in New York include Air France-KLM , Scandinavia`s SAS , Qantas Airways , Cargolux Airlines International [CLUX.UL], Martinair Holland [MART.UL] and All Nippon Airways . Deutsche Bahn transports 390.1 million tons of freight a year, via land, rail, sea and air.


Tuesday, August 19, 2014  19:04

Yahoo

Business - Heinz to tighten supplier controls in China after infant food scare


The company, known globally for its ketchup and baked beans, made the annoucement as it sought to contain the potential damage to its reputation in a country where consumers are highly sensitive to food safety after a series of high-profile scares. Heinz told Reuters on Monday that it had recalled four batches of its AD Calcium Hi-Protein Cereal for infants after a food watchdog in eastern China found levels of the toxic heavy metal above regulation standards. Supply chains issues in China have come under increased scrutiny, with KFC-parent Yum Brands Inc, Wal-Mart Stores Inc and McDonald`s Corp all recently facing food safety issues with suppliers.


Tuesday, August 19, 2014  11:24

Yahoo

World - Turkish president Gul tips FM Davutoglu to be next prime minister


By Orhan Coskun ANKARA (Reuters) - Outgoing Turkish president Abdullah Gul said on Tuesday that Foreign Minister Ahmet Davutoglu was likely to take over as chairman of the ruling AK Party, and thus become the next prime minister. Turkey`s current prime minister and AKP chairman Tayyip Erdogan earlier this month tightened his grip on political power in the NATO member nation when he won the country`s first direct presidential elections with more than 51 percent of the vote. `As far as I see, Davutoglu will take over the post. Erdogan will step down as leader of the AK Party when he is inaugurated as head of state on Aug. 28, as required by the constitution;


Tuesday, August 19, 2014  21:41

Yahoo

Business - Iraqi Kurdistan oil pipeline export capacity to double


By Humeyra Pamuk and Orhan Coskun DUHOK Iraq/ANKARA (Reuters) - The capacity of Iraqi Kurdistan`s independent oil pipeline will almost double to at least 200,000 barrels per day by the end of this month, helping the semi-autonomous region increase exports and revenue, industry sources and officials said. Oil revenues are a lifeline for the Kurdish Regional Government (KRG) in northern Iraq, whose peshmerga forces are being supported by U.S.


Tuesday, August 19, 2014  16:14

Yahoo

Business - Exclusive: Capacity to double on Iraqi Kurdistan oil pipeline - sources


By Humeyra Pamuk and Orhan Coskun DUHOK Iraq/ANKARA (Reuters) - The capacity of Iraqi Kurdistan`s independent oil pipeline will almost double to at least 200,000 barrels per day by the end of this month, increasing the semi-autonomous region`s exports and revenue, industry sources and officials said. Oil revenues are a lifeline for the Kurdish Regional Government (KRG) in northern Iraq, whose peshmerga forces are being supported by U.S. Once it is completed, pumping can increase to up to 220,000 barrels per day (bpd),` one Turkish official told Reuters. Industry sources also said the capacity of the pipeline, which began operating at the start of this year, was set to rise to around 200,000-220,000 bpd from 100,000-120,000 bpd before the flow stopped for upgrade work.


Tuesday, August 19, 2014  13:35

Yahoo

World - Turkish shipbuilder Karadeniz to send floating power station to Gaza


Turkish shipbuilder Karadeniz Holding plans to send an electricity generating vessel to Gaza to provide urgently needed power in the enclave left reeling by an Israeli bombing campaign that began last month. Karadeniz announced its intentions on Tuesday, shortly after Turkish Energy Minister Taner Yildiz said that a power ship - a floating power station - would be sent as soon as Gaza`s port facilities had been upgraded. “The Palestinians have contacted the Israelis concerning the dispatching of the platform and there has been no adverse reaction from the Israeli side,” Yildiz said at a joint press conference in Ankara after a meeting with Palestinian Energy Minister Omar Kittaneh Israel began military operations in Gaza on July 8 in response to rockets being fired into Israeli territory by fighters loyal to Islamist group Hamas. Karadeniz said in a statement to Reuters that it had received a request from the Palestinian authorities and that the ship would be sent within 120 days, once necessary approvals had been obtained.


Tuesday, August 19, 2014  12:16

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