Fri, Jun 20, 2003 page12

• World business quick take

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  ■Electronics
  

  AAFES to buy Chinese TVs

  The US military will buy 45,000 high-definition televisions from Xiamen Overseas Chinese Electronics Co, one of China's biggest appliance makers, China's state-owned Xinhua News Agency said, citing the Xiamen Daily newspaper. The Army and Air Force Exchange Service, a purchasing agency, will take delivery now of 5,000 of the sets, capable of delivering sharper pictures than conventional TVs, Xinhua said. Xiamen Overseas will deliver the balance within a year. The report didn't give a value for the contract. Chinese appliance makers including Xiamen Overseas, Sichuan Changhong Electric Co and Konka Group Co may be assessed anti-dumping tariffs by the US after the US International Trade Commission ruled on Tuesday that cheap Chinese and Malaysian sets are hurting American producers.

  ■ Policy

  Mercosur pledges effort

  South American leaders agreed Wednesday to keep working toward greater regional integration by strengthening their countries' political and economic ties through the Mercosur trade bloc. The presidents of the Mercosur trading nations issued a communique at the end of a two-day summit here and expressed support for the group, whose members have been battered by economic crises over the last year. The leaders voiced their commitment to "the strengthening of Mercosur, with the aim of sustainable development of its member countries and their competitive insertion into the global economy." Mercosur members Brazil, Argentina, Uruguay and Paraguay held their biannual meeting at a riverside resort in the Paraguayan capital. Chile and Bolivia are associate members and Venezuela's president Hugo Chavez attended as a guest.

  ■ Computers

  Microsoft defends actions

  Microsoft Corp and the Bush administration defended their antitrust settlement, and the world's largest software maker urged a US appeals court to reject Massachusetts's call for tighter restrictions on its business practices. Micro-soft, which negotiated the settlement after the appeals court ruled the company illegally protected its Windows monopoly, said the agreement was approved by a trial judge who "considered but rejected" more restrictions. "The relief that Massachusetts seeks is so extreme that its own economist would not support several key aspects of it," Microsoft said in a brief filed with the appeals court in Washington. The settlement requires Microsoft to give computer makers freedom to promote rival software on personal computers powered by the Windows operating system. Windows runs 95 percent of the world's PCs.

  ■ Airlines

  NZ warns air carriers

  New Zealand's consumer watchdog, the Commerce Commission, has warned airlines to stop hiding extra charges that can add up to 44 percent to the price of cheap advertised fares, a news-paper reported yesterday. It said burying extra charges such as levies, taxes and insurance in the small print of advertise-ments misrepresented the price of fares, The New Zealand Herald said. Director of fair trading Deborah Battell said the commission was concerned about inadequate disclosure in advertisements. "When businesses are advertising, they should be advertising the price people have to pay," she said.

  Agencies
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