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Beijing backs plan for silk railroad link to Europe

Beijing backs plan for silk railroad link to Europe WORK has begun on a high-speed rail link that is expected torejuvenate the ancient Silk Road trade route between East and West. The 4000km rail link to the western borders of Kazakhstan will become the fastest land route between Asia and Europe. When completed in 2010, the $US5billion ($6.7billion) Iron Silk Road project will take freight, and eventually passengers, from China to Europe via Kazakhstan, Turkmenistan, Iran and Turkey in just 10 days, its proponents say. The Eurasia Land Bridge will also strengthen China's hand as it battles with Russia and the US

Sharp calls Europe market of future for LCD flat panel TVs

Sharp calls Europe market of future for LCD flat panel TVs Japanese group Sharp said on the eve of the IFA consumer-electronics show in Berlin that Europes rapid adoption of flat-panel television sets made it the market of the future for LCD (liquid-crystal display) sets. Sharps chief executive, Katsuhiko Machida, said Thursday the company had just begun manufacture of the worlds biggest substrates, glass panels measuring 2.16 by 2.46 metres. Each mother panel is then cut into either eight 46-inch or six 52-inch TV sets. Machida said in Berlin Sharp would show the first television sets made from the panels at

Europe skeptical of U.S. assurances

Europe skeptical of U.S. assurances BERLIN - Despite her repeated assurances this week that the United States does not torture terrorist suspects, Secretary of State Condoleezza Rice failed to convince European public opinion and, if anything, her visit may have added to the controversy. The pro-Greens newspaper Tageszeitung ran a fake CIA recruitment ad yesterday underscoring the skepticism in Germany and much of Europe: "Torturers Wanted. U.S. citizens may not apply." The problem, said European commentators, is that the new U.S. policy need not apply to foreigners interrogating suspects on the CIA's behalf. "It's not especially reassuring when the biggest Western power has

Fuji Heavy to Release Diesel-Powered Vehicle in Europe by 2007

Fuji Heavy to Release Diesel-Powered Vehicle in Europe by 2007 Fuji Heavy Industries Ltd., the maker of Subaru cars, said it plans to sell its first diesel- powered vehicles in Europe by as early as the end of 2007 to spur sales in the region by 61 percent in five years. Fuji Heavy will set up a 40-member division in Japan next month to develop diesel engines and design vehicles, President Kyoji Takenaka said in an interview in Tokyo yesterday. The Tokyo-based carmaker will put diesel engines in its Legacy station wagons and sedans, which typically are powered by 2-liter

Gold prices tick down in Europe

Gold prices tick down in Europe Gold inched down in Europe on Friday, shedding overnight gains as the dollar rose against major currencies and as earlier buying prompted by a security scare in the United States subsided. Traders were also looking to balance their books ahead of a long weekend in the United States and expected gold to move in a range of $535 to $550 an ounce. US markets will be shut on Monday for the Presidents Day holiday. “I can’t imagine anybody taking any aggressive position for the rest of today,” said Alan Williamson, head of commodity Research at HSBC Bank.