One of President Bush's first failures was to gain permission for the exploitation of the Alaskan oilfields. Now the damage to the South East oil industry is providing new momentum for his aims.
JP: trade surplus down, yen follows
As Japan's trade surplus falls off a cliff, the yen is falling against the USD and other currencies are acting up, too.
Comms: China threatens VOIP
According to rumour this morning, China is to deal a blow to Voice Over IP communications threatining, amongst others, Skype. But the issues it raises are global as mass communications technology runs ahead of the best efforts of the security fo...
Crime: "Biggest theft ever."
It's not true but even so it's being billed as "The biggest theft ever." Yet, the taking of USD1 milliard from the Iraqi Defence Ministry is a massive crime.
Banking: be afraid....
The US Treasury has sparked a run on a Macau bank by taking action to prevent it using US dollar accounts. The timing is remarkably coincidental.
As American airlines fall into administatration, it seems possible that one may be coming out of the process, although it will have been much cha...
Aviation: fuel costs drive airlines to seek creditor protection
As the USA's leading airlines take up slots at insolvency courts, the price of aviation fuel is blamed. But it's only part of the story.
China's bank frauds - The Regulator Speaks
Official statistics from the China Banking Regulatory Commission published on 10 September 2005 create a worrying or encouraging picture dependin...
Clothing: UK demands low priced product
Vogue: exclusive preserve of those with more money than sense and, often, more money than style. Or so its reputation goes. It's not true but the...
Comms: battle heats up
The battle lines are being drawn over PC to PC phone calls.
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