Fire in job Market : ArcelorMittal going to cut 9000 jobs

The job market firinig is on, the latest victim are 9000 employees of worlds largest steel prodcing company.The slowing demand and worsy ever financial situation in a decade is making the cost cutting one of the...

Tokyo Fashion Overview

"Introduction For much of the last 50 years, since the modern fashion industry developed, cities like New York, Paris, London, and Milan have all been centers of new trends, fashions, and brands that have...

FT: Oil demand to weaken as countries tip into recession

" By Javier Blas in London. Published: October 10 2008 09:00 | Last updated: October 10 2008 09:00 Global oil demand will grow far less than forecast this year and in 2009 as the financial crisis...

BBC DJs criticised for promoting booze

BBC DJs and in particular DJ Chris Moyles who hosts Radio 1's flagship morning show, have been criticised in a report by Bristol University for promoting booze culture. When DJ generated comments alone on...

Iran wants OPEC to cut oil supply

" Tue, 02 Sep 2008 22:23:30 GMT   Iran's OPEC governor says the oil cartel needs to decrease its output to balance the global markets which have faced oversupply. Mohammad-Ali Khatibi said the market...

Opec Summit Leads to Supply Boost Promise

After meeting in Jeddah, Opec nations and their biggest customers have agreed that oil supplies should be boosted, though no exact amount or percentage has been announced. In its announcement, Saudi Arabia...

Saudi Arabia Increases Oil Production To 9.7 Million Barrels Per Day

"King Abdullah has agreed that his country will increased output to 9.7 million barrels a day as he opened a summit on the soaring international price of crude."

Nigeria: Another heavy attack by Militants on oil pipelines

Nigerian militants blew up a key oil supply pipeline operated by Chevron, in the latest attack targeting the country's multi-billion-dollar oil industry, company and military sources said Saturday.The US oil giant was forced to shut down operations as a result of the...

Oilsands output to triple by 2020

The output of Canada's oilsands will triple by 2020, according to an estimate by the Canadian Association of Petroleum Producers. Pollution will likely also triple: the oilsands have been described by...

Oil at record near $140 a barrel

"US light crude rose to $139.89 a barrel, surpassing the previous high of $139.12 on 6 June. The price later fell 25 cents to $134.61 at the end of New York trade. On Sunday, Saudi Arabia said it would boost...

Saudis Run out of $50.00 a Barrel Oil, Find New Reserves of $150.00 A Barrel Oil

OpinionBarry Artiste, Now Public ContributorSeem since President Bush's visit to Saudi Arabia to get the Saudi's to increase oil output failed last month, it seemed because the Saudi's ran out of $50.00 a barrel...

Most overpaid MLB players

"Going into the 2008 season, 124 baseball players hold contracts with an annual salary of $8 million or more. Getting a contract of that value generally means a player has shown his worth with great performances or long-term durability. Teams, however, sometimes overpay for...

Mad Catz Brings HDMI to All Xbox 360 Owners

"Mad Catz Interactive, Inc. (AMEX/TSX: MCZ), a leading third-party interactive entertainment accessory provider announced today the release of the Xbox 360 HDMI Conversion Kit, a revolutionary new accessory designed to allow owners of the Xbox 360 console to connect directly...

Fluxxlab taps energy from revolving doors to generate free electricity

"The designers at New York City based Fluxxlab studio have come up with the unique idea of creating sustainable energy from otherwise wasted human energy from the revolving doors that abound in a huge number of buildings across cities. Named the Revolution Door, this project...

Inflation rate is worst in 17 years

Troubling numbers on the economy today.  Hopefully this doesn't signal stagflation:"WASHINGTON - Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas....

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