Archive for May, 2010
Summer of Oil Looms for Beleaguered Gulf Coast
This summer on the oil-stained Gulf Coast promises to be like no other. Just off Louisiana on Grand Isle, which was hit with oil from…
Interactif gives Pletcher a shot at the Belmont
NEW YORK (AP) — The expected field for the Belmont Stakes has increased to 12 with trainer Todd Pletcher’s announcement that he will enter Interactif…
3 Killed in Oyster Bay Crash
Three men were killed after a driver speeding down an Oyster Bay road lost control of the car, crossed a traffic lane and slammed…
Country-by-country look at Europe’s debt crisis
LONDON (AP) — Europe’s governments are struggling to deal with a mountain of debt made worse by the past three years of global financial and economic turmoil. Here are thumbnail sketches of how some of the countries involved are faring – and what they’re doing to escape the crisis. ITALY: 2009 debt: 115.8 percent of gross domestic product Deficit: 5.3 percent of GDP.
Turkmenistan starts new $2 billion gas pipeline
SHATLYK, Turkmenistan (AP) — Turkmenistan on Monday started work on a $2 billion gas pipeline that aims to boost its export capacity and increase the reclusive nation’s economic and political clout in the global gas market. President Gurbanguli Berdymukhamedov hailed the new 620-mile (1,000-kilometer) pipeline – dubbed East-West – stressing that Turkmen firms would build it on their own. “Construction of the East-West pipeline, using our own resources, is advantageous not only economically, but politically as well,” he said at a welding ceremony in the southeastern part of the country.
Algerian president fires CEO of state oil firm
ALGIERS, Algeria (AP) — Amid a growing corruption scandal, Algeria’s president has fired the CEO and all top managers at the state-owned oil firm that dominates the North African country’s economy, local media reported Monday. CEO Mohammed Mezian and the four vice presidents of oil company Sonatrach were officially removed by presidential decree Sunday, the official APS news agency and other media reported, quoting the official government register. They had already been jailed or placed under house arrest because of an investigation into the suspected embezzlement of hundreds of millions of dollars.
