Saturday, July 31, 2010

Geely says to buy Chinese special car builder

SHANGHAI Wed Feb 24, 2010 10:15pm EST Related News With Volvo, China eyes M&A abroad to win at homeFri, Feb 5 2010Ford"s China JV to go on making Volvos: GeelyTue, Feb 2 2010Ford"s China JV to go on making Volvos -GeelyTue, Feb 2 2010Geely to double Volvo output with China plant: sourceTue, Jan 26 2010Geely nears Volvo deal, plans China productionMon, Jan 25 2010 Stocks & &

SHANGHAI (Reuters) - The parent company of Geely Automobile Holdings Ltd (0175.HK) said on Thursday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio.

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Zhejiang Geely Holding Group, which is close to a deal to buy Ford Motor Co"s (F.N) Volvo cars unit, gave no financial details for the purchase of Zhongyu Auto, a small manufacturer in eastern China that also makes premium multi-purpose vehicles.

China is encouraging consolidation and the development of a few national champions in its highly fragmented auto sector, now crowded with more than 100 automakers including Zhongyu Auto, which has planned capacity of only 25,000 vehicles a year.

Geely, China"s 10th-largest car maker, sold about 330,000 vehicles last year.

Geely said it would use Zhongyu Auto"s existing facilities and technology to develop its own premium passenger cars, multi-purpose vehicles and special-purpose vehicles.

Geely also plans to build a crash test center with initial investment of 350 million yuan ($51 million).

Zhongyu Auto, which makes special-purpose vehicles based on technology from Daimler AG (DAIGn.DE), was set up in 2004.

Zhongyu Auto is currently owned by Zhejiang Zhongyu (Holding) Group.

($1=6.826 Yuan)

(Reporting by Fang Yan and Edmund Klamann)

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Wednesday, July 28, 2010

Lewis Hamilton and Jenson Button are winging it: McLaren pulled a fast one contend rivals

Lewis Hamilton and Jenson Button could have their wings clipped before the opening race of the season in Bahrain a week on Sunday after rival teams questioned the legality of their McLaren car.

Ferrari are among those who have asked the ruling body, the FIA, to determine whether McLarens rear wing hands them an unfair aerodynamic advantage.

Red Bull team principal Christian Horner said: ;Our question will be: is it a clever device or a breach of the regulations. It is certainly a different device from all of the other teams. Ferrari are more excited about it than we are.

Tuesday, July 27, 2010

Steven Gerrards Liverpool conviction is at violation point Liverpool

Tony Barrett & , : {}

It was not what was being said, so majority as who was observant it. I know how players identical to Steven Gerrard and Jamie Carragher contingency feel, Bryan Robson wrote in his programme records of the long-serving Liverpool pairs suffering at their clearly constant wait for for joining pretension glory.

Rarely can consolation have felt so slicing to the subjects of it.

As a United player, it was hideous carrying to watch Liverpool lift esteem after esteem whilst we had to solve for the peculiar crater success, the former Manchester United captain continued. Before Uniteds pretension win in 1992-93, it had been twenty-six years given the bar had last carried the esteem and hold me, we all knew about it everyone reminded you.

It is twenty years given Liverpool last carried the esteem they once deliberate their bread and butter. In that time United have won the pretension eleven times and it could shortly be 12. It is a statistic that Gerrard is acutely wakeful of and, on the justification of yesterday at Old Trafford and the benefaction deteriorate as a whole, the weight of it is increasingly weighing him down.

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Of all complicated English footballers, Gerrard is, perhaps, the majority viewable successor to Robsons Captain Marvel sobriquet. Blessed with eternal energy, an omnivorous enterprise to get between the antithesis and draw towards his group kicking and screaming by games they have no right to win, Gerrard might be faraway from Robson by a era and a adversary of epic proportions, but the span are indelibly related by a whinging feeling that their majority appropriate years have been outlayed as the widespread figure in a group that have ceaselessly depressed short of championship class.

Robson, of course, in the future got the title-winners award he so desperately longed for when United finished their 26-year hex in 1993. But by afterwards he was a vanishing force, creation up the numbers as the old head in a immature group unfailing to browbeat English football for years after he had hung up his boots. In the deteriorate when United got the gorilla off their back, Robson done fourteen appearances and his usually idea came on the last day of the campaign, afar to Wimbledon. Right now, as Liverpool stifle underneath the weight of story and expectation, and combat with fears about their future, Gerrard would probably give roughly anything for such a unfolding to reveal in the night prior to of his career. The complaint is, as Nani forked out prior to yesterdays game, Liverpool with their gargantuan debt, common patrol and innumerable problems do not see identical to being championship challengers any time soon.

Nani, no disbelief with effect on his mind, even went as far as suggesting that Gerrard would have to take the step that Robson never did by quitting the bar he has come to symbolize in poke of pretension glory. The Liverpool captain has reached a identical end in the not as well faraway past, usually to spin his behind on Chelsea in the idea that a singular championship won at Anfield would be of so majority some-more personal worth than a fistful of winners medals collected elsewhere.

As prolonged as Tom Hicks and George Gillett Jr are in situ and no make a difference if the Rhône Group follows by with the investment proposal, that promises to prove usually Liverpools promissory note creditors the be concerned is that Englands majority successful club, and the time is ticking on that tag, will not be means to contest for the greatest prizes and Gerrard knows it.

The physique denunciation of couple of players is the theme of as majority inspection as Gerrards. Content and confident, he buzzes around the representation with good vigilant and to even larger effect, the open in his step as celebrated as his talent. Unhappy and unexcited by those around him and his shoulders unemployment alarmingly, whilst a face not done for gin rummy betrays his discontent.

It is the latter feeling that has been all as well strong of late. Gerrard is not happy with his lot and yesterday, after a earnest opening to the game, his opening slumped again. The fright is that his heart is no longer in it given any superfluous idea that he had that the bar could broach the esteem he covets majority has prolonged given evaporated. Liverpool need their own Captain Marvel behind to his majority appropriate but does their Captain Marvel still feel that he needs them?

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Quake genocide fee rises as rescuers dig though rubble among some-more aftershocks

A fishing vessel cleared internal circuitously Concepci�n

Hannah Strange & , : {}

The genocide fee in the Chilean trembler rose to some-more than 700 last night as rescue workers struggled to find survivors trapped in the disadvantage and absolute aftershocks smashed the country. President Bachelet pronounced that 708 people were well known to have died in a mess of such inconceivable bulk that it will need a hulk bid for Chile to recover.

She pronounced that the armed forces would be brought in to assist the military opposite looters and would take carry out of Chiles second city, Concepción. The Government would begin to discharge food and H2O today, she said, and would accept general offers of margin hospitals, proxy bridges and alternative aid.

As the initial reports emerged from coastal towns, it became transparent that they had suffered the heaviest repairs after Saturdays 8.8-magnitude earthquake, since they were additionally struck by the tsunami that followed. The Defence Minister pronounced that the Governments preference not to issue a tsunami rapt had been a mistake. About 350 deaths were in the singular small strand review locale of Constitución.

Across the country, tens of thousands of Chileans rebuilt to outlay an additional night in tents and proxy shelters, fearing aftershocks would move down some-more buildings after the trembler broken airports, highways and buildings.Rescue operations were formidable by the aftershocks, with some-more than 90 purebred opposite the nation in the twenty-four hours after the earthquake. The strongest reached 6.9 on the Richter scale.

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Carmen Fernández, executive of the Interior Ministrys National Emergency Office, warned residents to prop themselves, observant that the shocks could last even months.

The group pronounced that the trembler had an stroke from the dried segment of Antofagasta, in the far north, to the Lakes segment in the countrys southern tip. Few tools were untouched, with an estimated dual million people influenced and 1.5 million homes and buildings broken or really bad damaged. Last night, energy reserve remained at large disrupted.

Concepción, 70 miles (110 kilometres) from the epicentre, was strewn with overturned cars, petrify blocks and lampposts, whilst the Bío Bío overpass collapsed. Last night rescue workers were picking by the waste of a collapsed 15-storey unit construction in the goal of anticipating survivors between some-more than 60 people trapped inside.

Throughout Concepción, residents were still but water, physical phenomenon or phone lines, whilst fuel reserve were shrinking rapidly. Thousands outlayed Saturday and Sunday nights sleeping in proxy shelters done from bed sheets or card boxes.

Police fought looters who were raiding supermarkets for food. People have left days but eating, one looter, Orlando Salazar, said. The usually choice is to come here and get things for ourselves. A bank was attacked in the city and wiring stores were emptied of plasma televisions and washing machines. Television images showed military pulling looters to the floor, whilst H2O gunnery unit and teargas were deployed. A curfew was imposed in Concepción and Maule. In the circuitously city of Chillán some-more than 200 inmates transient after the trembler brought down a wall of their prison.

President Bachelet who has usually ten days left in bureau pronounced she found it formidable to spell out the bulk of the disaster, that she pronounced would take multiform days to assess. The energy of inlet has again struck the country, she said, dogmatic 6 of Chiles fifteen regions mess zones.

The capital, Santiago, about 200 miles northeast of the epicentre, was plunged in to circuitously dark as energy lines snapped and roofs came down. The airfield and the city transport remained sealed yesterday and communications had failed, withdrawal residents struggling to fix up friends and relatives. Ninety per cent of buildings were broken in the 18th-century locale of Curicó, 120 miles south of Santiago, according to a internal air wave hire that set up a generator-powered newsroom in the main square.

The trembler was felt as far afar as São Paulo in Brazil, 1,800 miles to the northeast. Experts pronounced that it was hundreds of times some-more absolute than that that strike Haiti in January.

Chile is one of Latin Americas wealthiest nations and is well rebuilt for earthquakes, with complicated buildings written to ward off the unchanging seismic wake up in the region. In May 1960 Chile was ravaged by the misfortune trembler on record, that reached a bulk of 9.5 and killed up to 6,000 people. It triggered a tsunami that reached as far as New Zealand.

The mess raises a daunting plea for the incoming President, Sebastián Piñera, the billionaire bureau worker who takes bureau on Mar 11. He swept to feat on a guarantee to revitalise the Chilean economy, but that charge has turn significantly larger with the repairs suffered by the industrial and rural sectors.

Offers of assist poured in from the general community. Hillary Clinton, the US Secretary of State, is to revisit currently as piece of a scheduled informal tour. Britain, one of Chiles greatest traffic partners, pronounced that it was ready to help. Gordon Brown said: We will do whatever we can.

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Monday, July 26, 2010

President Zuma chooses a mother to encounter the Queen

Nico Hines & , : {}

For hundreds of years, universe leaders have agonised over practice at state banquets with the Queen. The President of South Africa additionally faced a some-more personal dilemma: that mom should I take?

Jacob Zuma has opted for newness and he arrived in London currently with his fifth and majority new mom Thobeka Madiba. Mr Zuma, thought to be the father of twenty children, has 3 stream First Ladies, the ultimate of whom he tied together in January.

This is roughly a honeymoon for her. They did not have time for one in Jan so hes motionless to take her to London with him, pronounced Jonathan Clayton, Africa Correspondent for The Times.

Multiple marriages are authorised in South Africa and form a piece of Zulu culture, the largest genealogical organisation in the country. However, a array of scandals and a rape claim have dented the credit of Mr Zumas surprising lovelife.

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Some South Africans are broke by the Presidents made at home arrangements but he has pronounced that he would select in between his wives for opposite duties on merit, Clayton said.

His initial mom is comparatively elderly and doubtful to suffer long-distance travel, whilst theres a feeling that the second mom is angry with the President after she unsuccessful to attend his new wedding.

One of his wives, Kate Mantsho, the mom of five of his children, committed self-murder elderly 44.

Another wife, Nkosazana Dlamini-Zuma, 60, the mom of 4 of his children, divorced him in 1998. She is right away home affairs apportion in Mr Zumas government.

The newlyweds landed at Heathrow this sunrise forward of a three-day state visit. The President looked loose as he walked opposite the tarmac in a dim suit, whilst his mom wore a bluish skirt and relating jacket.

The integrate and their environment were greeted at the airfield by Viscount Brookeborough, Lord-in-Waiting, on interest of the Queen.

Speaking after his arrival, Mr Zuma pronounced that he would make use of his revisit to urge Britain to dump sanctions imposed opposite the system of administration of President Robert Mugabe of Zimbabwe.

Britain, the European Union and the United States have all imposed targeted sanctions opposite Mr Mugabe and comparison total in the statute Zanu-PF party. But, after the antithesis Movement for Democratic Change (MDC) assimilated a togetherness supervision a year ago, there has been flourishing vigour to rivet with Harare.

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Sunday, July 25, 2010

Fabio Capello warns England players to keep in isolation lives underneath carry out Football

Fabio Capello

The England manager, Fabio Capello, pronounced great poise was peerless for his players in the set up up to the World Cup. Photograph: Adam Davy/EMPICS Sport

Fabio Capello has warned his England players that they contingency have sacrifices off the representation over the subsequent 3 months to equivocate any repeat of the new controversies that have in jeopardy to inhibit the inhabitant team"s courtesy from this summer"s World Cup finals.

The Italian pinpointed the resources lavished on immature players in the complicated diversion as the base of the problems that have flared up as well mostly to mutilate the reputations of the likes of Ashley Cole and John Terry, his deposed captain, over the past month.

The England physical education instructor will find justification that standards have not slipped on the representation opposite Egypt this dusk carrying reminded his patrol of their wider responsibilities with the team"s initial diversion in the World Cup, opposite the United States, usually 100 days away.

"The in isolation hold up is a big complaint for a little players, but additionally a big complaint for their clubs and, in the end, for me," pronounced Capello. "It"ll be unequivocally critical that the players, in this last duration [before the World Cup], are clever in their own in isolation lives at each moment. These are critical players and they have to be an e.g. to the immature kids and all the fans. For that reason, they have to stay clever and scapegoat something in their lives."

Asked either he was being impractical by awaiting players not to give in to enticement off the pitch, the England physical education instructor said: "Why? We idea not, no. I recollect in Spain, players would go to the disco and infrequently splash something, but they did not have big problems with opposite players, opposite girls, opposite women. These are immature players, immature boys, but abounding boys… this is the problem.

"It"s not usually here that it is a problem. In Italy, in Germany, in Spain – in each nation where football is so important, similar to it is here – it"s the same problem. But I think the subsequent 3 months will be OK for all my players."

The cruel sacking of Terry valid that Capello does not merely broach dull threats, as the players concurred following his notice prior to precision on Monday. "All the players take it as review what the physical education instructor says," pronounced Steven Gerrard, who will captain the side tonight for the initial time in dual years. "We assimilate what he wants from us. We attend and take note.

"The manager"s verbalise was short and honeyed and told us to concentration on the football. He reiterated that we have responsibilities as players both on and off the pitch. We are in the spotlight but we"ve got to behave. Everyone is wakeful of that. The physical education instructor has taken the preference to take the captaincy off John. It"s a difficult pursuit being the England physical education instructor and you"ve got to have big decisions. He"s finished that and we all follow."

Terry will proceed this evening"s compare opposite the Africa Cup of Nations winners, the initial of 3 friendlies prior to England proceed their World Cup debate in Rustenburg on twelve June, with Capello propelling the Wembley throng not to barrack the former captain.

The Italian, who will name his subject to patrol for the finals on eleven May, insisted he was unruffled by the new uncharacteristic errors that have crept in to the Chelsea centre-half"s game, mistakes that led to goals for Everton, Internazionale and Manchester City majority notably.

The England physical education instructor is approaching to verbalise with Terry away prior to kick-off tonight, the pair"s initial tête-à-tête given their 12-minute assembly at Wembley last month during that the defender was relieved of his duties. "Usually, I verbalise with a lot of players individually," pronounced Capello. "His precision has been unequivocally good, and his form is but problems."

The Italian combined that he still hopes City"s Wayne Bridge will recur his preference to retire from general football forward of the finals, but voiced a little regard over the one after an additional deficiency of his new permanent captain, Rio Ferdinand, who is recuperating from nonetheless an additional behind injury.

"I went to Manchester and met him, and spoke with Sir Alex [Ferguson] and I know what"s happened," pronounced Capello. "I spoke with [the United arch executive] David Gill at Wembley and he told me it"s not the same problem. He told me this. I don"t know. I idea he will be fit in a short time since he needs to play. Only when you fool around games can you find great form."

Capello will finalise his preference currently but is relocating towards reinstating Rob Green in idea and charity Leighton Baines a entrance at left-back in the deficiency of the harmed Ashley Cole. Theo Walcott, who has not played for his nation all season, will consequence a ninth top with Capello carrying taken the Arsenal winger to one side to pep his certainty and urge him to on all sides himself far-reaching on the touchline opposite Egypt tonight.

Gerrard added: "This diversion is a illusory event to show the fans and everybody around the universe that we"re still united, we"re still one, we"re still a clever group and we"ve got a really great possibility come the summer."

Saturday, July 24, 2010

Reckitt could face 775m excellent over Gaviscon abuse of position

Catherine Boyle and Robert Lindsay & , : {}

The builder of Gaviscon indigestion disinfectant is purported to have private one version of the drug from NHS lists to inspire doctors to allot a some-more costly variety.

The Office of Fair Trading pronounced yesterday that Reckitt Benckiser had abused the bestselling on all sides in the marketplace for provision heartburn medicines to the NHS.

As the deadline for obvious expiry on the strange Gaviscon approached, it is purported that Reckitt attempted to stop NHS doctors prescribing the drug in foster of the newer, some-more costly Gaviscon Advance.

According to the OFT, Gaviscon Original was private from the NHS medication database by Reckitt Benckiser in 2005 so that any alloy acid for Gaviscon would come opposite the some-more costly version.

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In alternative cases where a drug has lost the obvious protection, if a alloy put in the drug name, the database would come up with a list of cheaper alternatives. The alloy can select an open prescription, that equates to that the chemist can give the studious any drug that has the same plan but might be most cheaper.

Reckitt might have to compensate up to 10 per cent of the tellurian sales, that would be �775 million formed on last years sales figures.

Making a new version of an existent drug, as sales of the old disinfectant are in jeopardy by cheaper alternatives, is not odd in the universe of big drug companies. However, this is the initial time that a association has been indicted of on purpose stealing the disinfectant from the NHS medication program to extent sales of cheaper drugs.

A orator for Reckitt said: Reckitt Benckiser believes it competes sincerely and inside of the minute and suggestion of the law in all of the operations, and has co-operated entirely with the OFT via the inquiry.

Gaviscon Advance is a second era product, higher to Gaviscon Original. Gaviscon Advance was launched to yield patients with in effect and long-lasting service from heartburn and indigestion.