World Business

Upbeat view on economy at Hanover Fair

Hanover, Germany  - A successful Hanover Fair, the world's biggest annual industrial machinery expo, offered an upbeat picture this week for the world economic outlook, fair chief Sepp Heckmann sai

Telia Sonera first-quarter earnings up

Stockholm  - Nordic telecommunications group Telia Sonera on Friday reported increased pre-tax income on higher sales for first quarter 2008, benefiting from its markets in Eurasia.

Altria profit shrinks after international spinoff

New York - Altria Group IncAltria Group Inc, which spun off its overseas unit last month, T

EU trade officials say China's new visa rules hamper business

Beijing - ChinaChina's new visa stipulations ahead of the Olympic Games in August are hampering econom

BMW takes a hit in world financial crisis

Munich  - German carmaker BMW disclosed Thursday it had suffered a blow from the financial crisis radiating out from the United States, but said it believed its provisions were adequate to cover th

Kenya faces maize shortfall after 10-per-cent drop in production

Nairobi - Kenya faces a shortfall in maize production this year after rising prices for fertilizer forced many farmers to reduce the size of their cultivated land or avoid using fertilizers altoget

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