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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Chancellor to stay on economic path

Category : Business

Chancellor George Osborne tells business leaders at the CBI that he will not deviate from the government’s economic road to reducing the deficit.

Read the original: Chancellor to stay on economic path

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Results for the 1st Quarter of 2013

Category : Stocks, World News

SAO PAULO, BRAZIL–(Marketwired – May 14, 2013) – CCR S.A. (CCR) (BMFBOVESPA: CCRO3), Brazil’s largest road concession operator in revenue terms hereby announces its results for the first quarter of 2013.

Read the original here: Results for the 1st Quarter of 2013

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Call for ‘green badges’ and free parking for electric cars

Category : Business

Parking charges exemption and removing yellow and red line restrictions will improve take-up, thinktank says

Electric car owners should be allowed to park on yellow and red lines, and park for free, a leading thinktank said on Thursday.

On one of the busiest days of the year for road traffic as people take to their cars for Easter breaks, the Institute for Public Policy Research (IPPR) said that a ‘green badge’ akin to the blue badge scheme for disable drivers should be introduced to drive take-up of electric vehicles, seen as a key way to cut carbon emissions. Owners of such a badge would be exempt from charges in car parks and permit areas, and allowed to drive for free through congestion charging zones such as London’s and Durham’s and across toll roads such as the M6 toll or Severn bridge.

But the idea was immediately attacked by motoring organisation AA, which suggested the plans could in fact increase greenhouse gas emissions rather than reduce them.

An AA spokesman said: “Allowing them [electric car owners] to park on double yellow lines, which are there mainly to ensure good traffic flow, you may create problems. The disturbing irony is that these low emission vehicles could create more congestion, which would increase emissions from other vehicles and be a bit of an own goal.”

He warned that if electric cars became much more popular, a “saturation point” could be reached. However, he said that cheaper parking charges for such cars would be a good idea to encourage take-up.

Electric car sales increased rapidly in 2012 in part due to the £5,000 government grant launched in 2011, outstripping growth in the wider car industry. But the number registered under a grant scheme last year – about 2,000 – was just a fraction of the 1.9m conventional cars sold in 2012.

The IPPR also suggests fining owners of combustion engine-powered cars parked in front of electric charging points, and that parking charges should go up for normal cars to offset loss revenue for local authorities giving exemptions to electric cars. It even suggests electric cars should potentially be allowed into bus lanes, an idea which has been trialled in Oslo, Norway.

The proposals are contained in an IPPR report due soon on the UK’s automotive industry, whose authors say “the UK is already lagging behind other countries” on electric car ownership because they are perceived to be too expensive and people do not know enough about them. The thinktank also calls for keeping the £5,000 ‘plug-in car grant’, which is due to expire in 2015.

Will Straw, IPPR’s associate director, said: “Although early days, Britain is currently behind other European countries and the US in terms of the take up of electric cars and other ultra low emission vehicles. A ‘green badge’ scheme would help increase demand, giving a much needed boost to the industry and supporting other government policies like the ‘plug in’ grant.

“While we want to encourage innovation from local authorities, they need to act together to make sure their policy is uniform across neighbouring areas. This will provide clarity for drivers about the privileges that they are entitled to as they travel around.”

Peguis First Nation: Berger Peat Moss Clear Cutting Despite Licence Requirements

Category : Stocks, World News

PEGUIS, MANITOBA–(Marketwire – March 22, 2013) - Berger Peat Moss is clear cutting Manitoba forest. Manitoba Conservation issued a road building permit to Berger January 1, 2013. Berger Peat Moss’ new environment licence, issued late February after a year and half of appeals, is for a new peat mine in the Washow Peninsula on Lake Winnipeg, Manitoba. The company was road building the day after the licence was issued. Clear cutting started recently.

Read more: Peguis First Nation: Berger Peat Moss Clear Cutting Despite Licence Requirements

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Kleiner Perkins explains itself to investors

Category : Business, Stocks

Why Kleiner Perkins called its investors to Sand Hill Road.

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Sporting village plan for Belfast

Category : Business

Discussions are under way about transforming the Boucher Road area of south Belfast into a sporting village.

Read more here: Sporting village plan for Belfast

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Fiat Panda: car review

Category : Business

It may look cute and cuddly, but the latest generation of the Fiat Panda is ready to kick some butt

Price £10,750
MPG 67.3
Top speed 110mph

I’m not sure what planet my 11-year-old daughter lives on, but it’s obviously a

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Fiat Panda: car review

Category : Business

It may look cute and cuddly, but the latest generation of the Fiat Panda is ready to kick some butt

Price £10,750
MPG 67.3
Top speed 110mph

I’m not sure what planet my 11-year-old daughter lives on, but it’s obviously a

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China and cars: a love story

Category : Business

China is now the world’s biggest market for new cars. Its motorway network will soon rival America’s. But while the rich splash out on Porsches and Ferraris, resentment is growing among the have-nots

It is half a century since Zhang Jing’s father impressed the neighbours with a mark of his family’s rising fortunes. He was the first in the village to acquire a bicycle; like Ford’s Model T, the Forever came in any colour you liked, as long as it was black. Though America was deep in the golden age of the automobile, those days lay so far ahead for China that small boys would loiter on street corners in Beijing, waiting until a car drove by and the exotic tang of petrol fumes filled their nostrils. Even by the early 1980s, glimpses of imported Soviet Ladas or stately Chinese Red Flag saloons were rare outside the capital.

“We never dreamed we would have a chance to have our own car… and not only one,” Zhang’s husband, Wang Junfang, says.

China’s love affair with cars began late, but it has more than made up for the delay. In 2000 there were 4m cars for the 1.3bn population and experts predicted that the number would be six times higher by the end of the decade. Instead, it soared 20-fold. Two years ago, the country became the world’s largest new car market. This year, it should see about 18m sales, against 14.5m in the US. The kingdom of bicycles is now the land of the car.

Michael Dunne, whose firm Dunne & Company advises on investments in the Asian automobile industry, calls it car culture with Chinese characteristics. People are looking for freedom and convenience, but “it’s different from the US experience – open highways, rolling down your windows, putting music on,” he says. “In China, it’s more about social status: look at me, look at my

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Alexander: No triple dip slump

Category : World News

Chief Secretary to the Treasury Danny Alexander denies Britain is heading for a triple dip recession, but says the road to economic recovery is “longer and harder” than expected.

Excerpt from: Alexander: No triple dip slump

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