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New Zealand inflation hits 18-year high at 5.1 per cent

New Zealand inflation hits 18-year high at 5.1 per cent Wellington - New Zealand's inflation rate, boosted by soaring petrol prices, hit an 18-year high of 5.1 per cent in the 12 months ending September 30, official figures revealed Tuesday.

The consumers price index rose 1.5 per cent in the September quarter, Statistics New Zealand said.

The figures came as no surprise to analysts, who said that the inflation rate was likely to have peaked with consumer prices for fuel and food already beginning to ease.

Convicted Lockerbie bomber Al-Megrahi terminally ill

Amsterdam - Abdelbaset Ali Mohmed al-Megrahi, who was convicted for the so-called Lockerbie disaster, is terminally ill with cancer and expected to die within "weeks or months," a Dutch documentary filmmaker told Deutsche Presse-Agentur dpa early Tuesday.

Libyan former intelligence agent al-Megrahi, 56, was sentenced for life imprisonment in 2001 for the bombing of Pan Am Flight 103 in 1988.

A terrorist bomb on board the aircraft brought the plane down over the Scottish town of Lockerbie, killing some 270 people.

The Dutch documentary maker says he was given the information about al-Megrahi by "reliable sources close to a Libyan delegation."

Australian stocks follow Wall Street gains

Australian stocks follow Wall Street gainsSydney - Australi

Creativity Software teams up with Universal Software

UK-based Creativity Software has informed that it has signed a partnership deal with Universal Software Corporation to supply the market in India with its location based solutions.

Bharti Airtel offers another Six-Year Contract to IBM’s unit

HP launches ‘Accidental Damage Protection Service’ across India

India’s leading IT brand Hewlett-Packard, commonly referred to as HP, has introduced its Accidental Damage Protection service under the HP Total Care programme in India.

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