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Lufthansa acquires smaller German and British airlines

Lufthansa acquires smaller German and British airlines Frankfurt - Lufthansa, which has announced an earnings setback, is to take controlling stakes in British airline BMI and German airline Eurowings, it said Wednesday in Frankfurt.

Earlier this week, Lufthansa emerged among the last two bidders for Austrian Airlines. Wolfgang Mayrhuber, Lufthansa chief executive, said the German airline could help the Austrian unit increase sales.

High fuel prices earlier this year and a looming recession have put heavy pressure on smaller, weaker airlines in recent weeks, speeding up consolidation in the aviation industry.

Germany to lower vehicle tax to boost car industry

Berlin - Germany is to boost the ailing car industry by reducing its taxes on low-emission cars, a government spokesman said in Berlin on Wednesday.

Ulrich Wilhelm, spokesman for Chancellor Angela Merkel, said the vehicle-tax changes to be adopted in cabinet on Wednesday next week would be part of a programme to boost the flagging economy.

The disclosure follows days of debate in Berlin about whether to increase government spending, cut taxes or both to ease the effects of an approaching slump.

The car industry in both Europe and the United States has been appealing to governments to act to revive sales.

Wilhelm gave no details but said the package would be a "well-adjusted concept."

Rebel aircraft penetrates Sri Lanka's defence

Colombo - Tamil rebels used a crude light aircraft to penetrate air-defence systems and drop two bombs on a power station in the capital, killing one employee, military officials in Sri Lanka said.

Despite warnings by the military and civilians that the low-flying aircraft was heading towards the capital, it managed to drop the bombs at the Kelanitissa power plant and escape, officials said.

In an apparent diversionary tactic, rebels bombed a military base in the coastal district of Mannar, 310 kilometres north of the capital, less than one hour before the attack.

China's central bank cuts interests for second time in month

Beijing - The Chinese central bank, the People's Bank of China, on Wednesday announced a cut in its benchmark interest rates by 0.27 per cent as a spur to economic growth.

Thousands arrive in Congo refugee camps as battle rages

Nairobi/Kinshasa - Around 30,000 people fleeing battles between United Nations-backed Congolese troops and Tutsi rebels are pouring into refugee camps near the eastern city of Goma, the UN refugee agency UNHCR said Wednesday as fierce fighting continued.

UN helicopter gunships and armoured vehicles have been supporting Congolese troops north of Goma, the capital of North Kivu province, as renegade Tutsi general Laurent Nkunda's troops drive for the town.

Nkunda's National Congress for the Defence of the People (CNDP) says it has driven the Congolese army back from the town of Kibumba, which lies about 20 kilometres north of Goma.

NCM seeks ban on Bajrang Dal, VHP for Indore riots

New Delhi, Oct 29 : The National Commission for Minorities (NCM) has sought a ban on Bajrang Dal and Vishwa Hindu Parishad (VHP) for their alleged involvement in communal riots in Indore in July this year.

The Commission also demanded a judicial enquiry into the violence and de-recognition of political parties inciting communal riots.

In its report submitted to Prime Minister Dr. Manmohan Singh the Commission emphasized the need for devising a national policy to discourage communal polarization.

The NCM, while terming the VHP''s shutdown call on the Amaranth issue as the root cause of the violence, called for fixing the responsibility on politicians, officials and other key persons behind organizing the shutdown.

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