Thursday, July 19, 2007

Turning a corner

General Motors is having to recall hundreds of Chevrolet Aveo cars in the UAE. The company says it needs to fix a fault that can cause the fuel line to crack in the event of a front-end collision.

Local distributors say the defect affects 1,488 units of certain 2007 model year Chevrolet Aveo sedans equipped with a 1.4-litre engine.

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Wednesday, July 18, 2007

Go Mena!

Sama Dubai isn’t the first Gulf company to invest in Tunisia, but it is currently the biggest. By some distance.

The property unit of government-owned Dubai Holding is to spend $14 billion creating a luxury real estate development north of the Tunisian capital. The 837 hectare development will include apartments, offices, trade centers and hotels. Local newspapers claim the deal could create 150,000 jobs, doubly good news in a country with a jobless rate of 14.3%.

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Sunday, July 15, 2007

Chinese crackers

Starbucks has been turfed out of the Forbidden City. For some reason this will make lots of people happy, from tea drinkers to anti-globalists. More than 500,000 people signed up to an online petition complaining about the Seattle company’s presence at China’s number one tourist spot, and UNESCO world heritage site.

Why? Starbucks appears to have done nothing wrong, save for selling pricey coffee, and that’s no crime.

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