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Dubai purchases RMS Queen Elizabeth 2 for $100 million

Dubai has announced the purchase of the British ocean liner RMS Queen Elizabeth 2 from Cunard Line for US$100 million, for conversion into a luxury floating hotel, starting in 2009. It is part of Dubai's ongoing plans…

13 schools torched in southern Thailand

In an apparent coordinated attack, 13 schools were set ablaze late yesterday in southern Thailand, an escalation of violence that authorities are blaming on Muslim

Chinese stock markets plunge after tax increase

In trading Wednesday, the Chinese stock markets plunged after the government tripled a tax on securities transactions. The so-called stamp tax was raised from 0.1% to 0.3% in an effort to cool the rapidly rising

Space tourist returns to Earth after 14 day trip

Charles Simonyi, a billionaire software engineer born in Hungary, has returned to Earth after a 25 million dollar trip to the International Space Station with mission Soyuz TMA-10. The original mission, planned to last…

Pigs fed contaminated pet food; meat sold to consumers

The contaminated pet food that was recalled after it was found to contain a harmful industrial chemical called melamine, has been used as pig feed at a hog farm in Ceres, California, located in the United

More dog and cat food recalled in the United States

Natural Balance Pet Foods has recalled some of its wet and dry food for cats and dogs after several owners said that their pets were becoming sick. The company urges owners to stop feeding their pets the food…

A380 makes maiden flight to US

The Airbus A380, the world's largest passenger plane, was set to land in the United States of America on Monday after a test flight. One of the A380s is flying from Frankfurt to Chicago via New York; the airplane will…

San Francisco & New York City office towers get new owner

Vornado Realty Trust of Paramus NJ has completed a deal to take a majority interest in the 1.8 million sq ft building at 555 California St in San Francisco, (aka The Bank of America Center) and the 2 million sq. foot…

Iranian student protesters face expulsion

Students who protested when Iranian President Mahmoud Ahmadinejad visited Amirkabir University of Technology (also called Amir Kabir University) on December 11, 2006 have been expelled and eligibility notices, allowing…

Airbus announces job cuts of 10,000

Airbus, Europe's biggest aircraft manufacturer, has announced 10,000 job cuts over the next four years. The news comes as its parent company, EADS starts a major restructuring programme because the company is not…

Ford Taurus to be revived

Ford Motor Company CEO Alan Mulally has reported that Ford will rename the Ford Five Hundred to the Taurus for the 2008 model year, when a facelifted model is expected to be launched to improve the lackluster sales of…

New edition of Canada's Food Guide released

A new version of Canada's Food Guide was announced by Canadian Health Minister Tony Clement on Feb. 5, 2007. The guide has helped Canadians with healthy eating habits since 1942 but was last updated in 1992. It is the…