EU Commission
launches anti-dumping probe into Chinese candles
BEIJING,
Feb 17: China's candles are under
anti-dumping investigation of the European
Commission after complaints that they have
swamped the EU market, which was having a
"negative impact" on the European
industry.
European candle
producers including Germany's EIKA and the
Netherlands' Bolsius have filed a complaint with
the Commission, which also launched anti-dumping
probe into certain steel products imported from
China.
European retailers
such as Sweden's Ikea import large volumes of
candles from China.
The Commission
said there was "sufficient evidence" to
justify launching the proceedings, the official
Xinhua news agency reported from Brussels where
the EC is based, quoting its official journal.
An anti-dumping
investigation has also been launched into certain
pre- and post-stressing wires and wire strands of
non-alloy steel imported from China, following a
complaint by Eurostress Information Service on
behalf of European producers.
Chinese steel is
already under anti-dumping probe in the last two
months regarding hot-dipped metallic-coated iron
or steel flat-rolled products and stainless steel
cold rolled flat products.
The European
Confederation of Iron and Steel Industries
(Eurofer), a Brussels-based industry body
representing EU steel majors such as
ArcellorMittal and ThyssenKrupp have lodged the
complaint.
The Commission is
yet to give its ruling on a third complaint
lodged by Eurofer against Chinese wire rod.
The EU governments
would decide on imposing definite anti-dumping
duties for five years after investigation by the
Commission which must complete it within 15
months. The Commission can also impose
provisional duties for six months after
consulting its member states. (PTI)
Powerful bosses 'ignore
new opinion'
NEW
YORK, Feb 17: Trying to persuade your powerful
boss of a new idea? Just forget it. Going by a
new study, he would not listen to you.
A team of
international researchers has carried out the
study and found that when people feel the power
of their position, they normally tend to ignore
new opinion -- the reason being
"confidence".
"Powerful
people have confidence in what they are thinking.
Whether their thoughts are positive or negative
towards an idea, that position is going to be
hard to change," said lead researcher
Richard Petty of Ohio State University.
However, the study
has also revealed that the best way to get
leaders to consider new ideas is to put them in a
situation where they don't feel as powerful.
"If you
temporarily make a powerful person feel less
powerful, you have a better chance of getting
them to pay attention," said co-researcher
Pablo Briol of the Universidad Autnoma de Madrid
in Spain.
The team came to
the conclusion after carrying out two related
experiments on a group of college students in
America.
In the first
experiment, the students role -- played in a
situation in which one was a boss or in other
words, had a position of power -- and the other
was an employee who took orders simply.
All the
participants viewed a fake advertisement for a
mobile phone. The ad was designed to see if
participants were paying attention to the
message, so half of them received ads with
particularly weak arguments for buying the phone
while the others received strong arguments.
The participants
were then asked to rate how favourably they
viewed the phone. (PTI)
Layoffs to cost
Yahoo! about Rs 100 crore
NEW
YORK, Feb 17: Internet major Yahoo!, currently
resisting a hostile takeover bid by software
giant Microsoft, will incur about Rs 100 crore in
severance payouts and other expenses related to
its planned job cuts across the world, which
includes about 40 people in India.
The internet firm,
in a regulatory filing here on Friday, said,
"In connection with the strategic workforce
realignment, the company expects to incur pre-tax
cash charges of 20-25 million dollars (about Rs
100 crore) for severance pay expenses and related
cash expenditures associated with the workforce
reductions.
The company
expects to recognise the majority of the
foregoing charges in the first quarter of 2008,
with the remaining costs being recognised over
the remainder of 2008."
Yahoo! had
recently announced plans to cut down its
worldwide workforce by 1,000 employees, which was
followed by about 40 people being told to quit at
its India operations in Bangalore.
When contacted by
PTI, the company's spokesperson for India had
confirmed the move but declined to reveal the
exact number of employees sacked there.
The company had
announced the job cuts at the time of announcing
a 23 per cent drop in its fourth quarter profits
205.7 million dollars, late last month. The move
was aimed at reducing its annual expenditure.
(PTI)
Fiji deports
British member of world legal watchdog
SUVA,
Feb 17: A British lawyer representing the
International Bar Association (IBA) has been
arrested and deported on arrival in Fiji on the
orders of the post-coup interim Government,
officials said today.
Felicia Johnston
was detained by immigration officials when her
flight arrived in Fiji yesterday morning and put
on a Brisbane-bound flight seven hours later.
She was part of a
panel of jurists scheduled to visit Fiji to
examine the state of the rule of law and the
independence of the judiciary.
However, her
deportation has prompted the international law
body to suspend the study visit which was
scheduled to start on February 18.
The interim Fiji
government, installed following a military-led
coup in December 2006, has opposed the IBA visit
claiming it would interfere with the country's
constitution.
Interim Attorney
General Aiyaz Sayed-Khaiyum told the FijiLive
website it was the Fiji interim government's
decision not to allow the IBA into the country.
"The IBA is
most welcome but not now," Sayed-Khaiyum
said. "There are a number of matters before
the court which could be compromised or prejudice
the hearing of these matters.
"In terms of
who they were going to meet, it was extremely
limited, demonstrating a bias.
Sayed-Khaiyum said
the Fiji Law Society had recently attacked the
judiciary and the integrity of its members, and
under such circumstances the visit would not have
been conducive to an independent assessment.
(AGENCIES)
Obama tries to
head off Clinton comeback
WASHINGTON,
Feb 17: Barack Obama reached out to
working-class voters in Wisconsin just days ahead
of the Midwestern state's primary where Hillary
Rodham Clinton hopes to begin her comeback in the
closely contested Democratic presidential race.
On the Republican
side, John McCain moved closer to securing the
party's nomination as he picked up a total of 50
national nominating delegates from Michigan and
Louisiana, where state conventions divided up
delegates to the party's national convention in
September.
Clinton and Obama
campaigned in Wisconsin ahead of Tuesday's
primary to gain an edge in their tight race.
In a stop at the
University of Wisconsin-Eau Claire, Obama
dismissed Clinton's arguments that she is the
better candidate because of her longer tenure in
Washington.
"We don't
need somebody to play the Washington game better
-- we need to end the game plan," he told
about 3,500 supporters.
Clinton made her
first Wisconsin campaign stop yesterday afternoon
at a restaurant in Kenosha.
The former first
lady
accused Obama of
dropping the Democratic Party's longtime platform
of ensuring universal health care coverage,
saying that Obama's plan would leave millions of
people uninsured because it doesn't require
individual mandate for insurance.
"Let's not
give up on the dream of universal health
care," she said. "If we don't even have
a plan to get there, as my opponent doesn't, then
we've given up."
The Illinois
senator has responded by saying his plan would
drive down costs enough to make health care
affordable. He says he opposes a mandate because
it would financially punish those who do not have
insurance. (AGENCIES)
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