Chrysler and the Canadian Auto Workers reached a provisional agreement
Xinhua in Ottawa on April 25th, with April 30th of the deadline of restructuring plan submitted approaching, Chrysler of the United States is doing a last-ditch effort. On the evening of 24th, the company with the Canadian Auto Workers have reached an interim agreement to cut labor costs. At the same time, Chrysler’s creditors have also made some concessions to make the proposal 4.5 billion U.S. dollars of debt-equity swap.
Egypt lifted the ban on the use of Global Positioning System
Xinhua in Cairo, on April 25th (Xinhua Wang Wei and Chen Gongzhen) Egypt National Telecommunications Authority has announced the ban of the lifting of the Global Positioning System (GPS) to use, to allow the production and use of the Egyptian national GPS navigation devices. According to local media reports on 25th, a lifting of the embargo of the National Telecommunications Authority, means that dealers of Egypt can import cars and mobile phones with GPS navigation devices.
International Energy Agency said in 2013 we could face the global shortage of crude oil
Xinhua in Tokyo, on April 26th Executive Director of International Energy Agency Nobuo Tanaka said on 25th, as the Organization of Petroleum Exporting Countries (OPEC) and other oil-producing countries in investment in the oil exploration and production slowed, by 2013 we could face the global shortage of crude oil situation. According to Nobuo Tanaka, it is predicted that in 2013, OPEC spare capacity fell to below 3.5 million barrels per day.
Translate (most links are in Chinese)