 | QA to start five new routes
QATAR Airways on Wednesday
announced further expansion of
its rapidly-growing international
network with five new passenger
routes, more cargo services
and capacity increases to a number
of destinations served direct
from the airline´s Doha hub ...
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| | IATA suspends Kingfisher
from global payment system |
 INDIA´S cash-strapped
Kingfisher Airlines was suspended
from a global payments
system on
Wednesday by the
International Air Transport
Association (IATA) over
financial difficulties.
The loss-making carrier,
controlled by flamboyant
liquor baron Vijay Mallya,
owes suppliers, lenders and
staff millions of dollars and
has recently scrapped scores
of scheduled flights.
"IATA has suspended
Kingfisher Airlines´ participation
in the IATA Clearing
House (ICH)," Albert Tjoeng,
spokesman for the industry
body representing global airlines
said in a statement.
"This is because the airline
did not settle their ICH
account within the stipulated
deadline," Tjoeng said ... | | | Statoil in talks
to sell Iraq oil
stake to Lukoil |  NORWEGIAN oil firm Statoil
ASA is in talks to sell its share
in one of Iraq´s biggest oil fields
to Russia´s private oil giant
Lukoil, officials said on
Wednesday.
If the talks go well, Statoil
will be the first western oil
company to withdraw from
deals signed with Iraq, which
boasts of attracting major oil
companies to develop its vast
but dilapidated resources for
the first time after decades of
war and sanctions.
Teaming up with Lukoil,
Statoil won the rights to
develop the 12.88 billion barrel
West Qurna Phase 2 field
in the southern province of
Basra in Iraq´s second bidding
round in 2009.
Lukoil leads the consortium
with holdings of 56.25 percent
and Statoil holds a 18.75 percent
. | | | China lambasts US trade bill,
refuses to adjust currency |  A US TRADE bill targeting
Chinese imports goes against
international rules and
Beijing will not adjust the
value of its currency to try to
bridge a trade deficit that is
Washington´s problem to fix,
China´s commerce minister
said on Wednesday.
President Barack Obama is
set to sign the bill into law to
allow duties to be imposed on
subsidised goods from China
and Vietnam, which the White
House says will protect
American jobs.
"We follow the rules of the
WTO, but we have no obligation
to follow domestic laws
or regulations in any specific
country that go beyond international
rules," Commerce
Minister Chen Deming told a
news conference on the sidelines
of an ... | |
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