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Mon, Nov 19, 2007 - Page 10 News List

World Business Quick Take



Gatwick worst for delays

London's Gatwick and Heathrow airports had the worst records for delayed departing flights of all Europe's leading airports in the three months through September, the Financial Times reported. Gatwick reported 41 percent of flights delayed for more than 15 minutes at departure and Heathrow had 39 percent during the period, it said, citing figures from the Association of European Airlines. The UK airports were also among the worst for delayed flight arrivals, joining Istanbul, the newspaper said, as well as the most congested.


Ivory Coast needs EU pact

Failure to sign a new trade deal with the EU before a preferential pact expires next month could cost Ivory Coast up to US$1.5 billion, the EU's top aid official said on Saturday. The EU wants to ink economic partnership agreements with nearly 80 countries in Africa, the Caribbean and Pacific regions that will replace deals deemed illegal by the WTO. Louis Michel, EU commissioner for development and humanitarian aid, said signing an agreement was of "colossal" importance for Ivory Coast. An economic partnership agreement grants the EU tariff-free access to African markets except on a few selected, sensitive goods.


Samsung cuts 1,000 jobs

Samsung Electronics Co, Asia's largest maker of semiconductors, flat screens and mobile phones, has cut more than 1,000 jobs for the first time since 2002, Yonhap news agency reported, citing data submitted to South Korea's Financial Supervisory Service. According to figures reported by Samsung Electronics yesterday, its workforce totaled 85,269 at the end of September, down 1,630 from the 86,899 reported six months earlier, the Korean-language news agency said. The number of executive-level officials also declined by 15 over the same period, the report said. The cuts come as Samsung is struggling with falling prices for memory chips.


Maker offers software

ArcelorMittal, the world's largest steelmaker, said it will combine its design software with building and construction programs from four companies, in an effort to increase the use of steel. The agreement was made with Germany's Nemetschek AG and its Belgian subsidiary SCIA; Finland's Tekla Oyj and two closely held French companies, Graitec and Rabobat, the Luxembourg-based steelmaker said in a statement. The software will enable architects and engineers to take advantage of ArcelorMittal products such as composite beams in construction, ArcelorMittal said.


City of London ranks low

The City of London ranks near the bottom of UK districts with female-led companies, the Financial Times reported, citing research firm Gavurin. In the survey of 2.2 million British companies, the the City of London was second to last with 19.1 percent of its businesses run by women. London borough Tower Hamlets ranked last at 19 percent. Alnwick in Northumberland has the highest proportion of companies run by women at 31.2 percent, the newspaper cited the report as saying. London's Kensington and Chelsea ranked among the top 15 districts.

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