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/ 4 October 2007

Media scent political scandal in Eads share probe

French newspapers mined the Watergate archive to describe the political ramifications of a share trading scandal enveloping Airbus parent Eads on Thursday, posing questions about ”Who knew what, and when?” Coverage of suspicions of ”massive” insider trading focused on the risk of instability at Europe’s largest aerospace and defence group.

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/ 17 September 2007

Motor-strike talks to resume

Negotiations in a bid to resolve a crippling motor-industry strike will resume on Monday night, the Retail Motor Industry said on Monday. The four-day strike has seen several motoring-manufacturing plants temporarily closing their doors as parts became unavailable.

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/ 14 September 2007

Talks under way in motor-industry dispute

Talks to resolve the wage dispute between the National Union of Metal Workers of South Africa and employers in the motor industry were under way on Friday, the union said. Spokesperson Mziwakhe Hlangani said: ”They are in talks as we speak … there are no new developments yet, it’s better to speak a bit later.”

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/ 10 September 2007

SA auto-parts workers to strike, says union

More than 50 000 South African vehicle-component workers are set to go on indefinite strike on Wednesday after a breakdown in wage talks, the main metalworkers’ union said on Monday. Mziwakhe Hlangani, spokesperson for the National Union of Metalworkers of South Africa, said in a statement the strike would affect automotive-component suppliers.

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/ 10 September 2007

European shares fall as fears grow over US outlook

European stocks fell by midday on Monday in a choppy session as gains in commodity stocks were overshadowed by mounting concern that the United States economy could be headed for recession after Friday’s dismal jobs report. Oil and gas shares were the top performers on the broader European market in spite of a fall in crude oil futures.