Nov 13 2010

Qantas A380's not known when service will resume

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Qantas is unable to say when she returned to service its six Airbus A380 jumbo jets, grounded since a Nov. 4 incident, said Saturday the director general of the Australian airline.

Alan Joyce said that Rolls-Royce, which manufactures the engines of these aircraft had recommended new audits and proposed changes.

"We work closely with them to return to service as quickly as possible. There is no timetable," he added.

The six A380s are grounded since one of them had to make an emergency landing in Singapore, with 459 passengers and crew on board, due to damage. One of the aircraft's engines exploded after a fire.Rolls-Royce has determined that the damage had been caused by engine parts.

Qantas has denied speculation that some large aircraft will be grounded for several months. It will probably take more than a few days for the company to obtain permission to fly again its A380, said a regular visitor to this type of file.


Nov 12 2010

The G20 should be treated "stresses and weaknesses"

The Heads of State and Government of the Group of Twenty agreed on Friday after the Seoul summit to tackle the "tensions and weaknesses" of the international monetary system that has raised fears of a war of currencies and a return to protectionism.

The major existing and emerging economic powers, in a statement drafted after the final debate particularly lively and heated, ask their finance ministers to establish "indicative guidelines" to get a clearer picture of existing imbalances between their economies.

The precise modalities of such guidelines should however be evaluated in the first half of 2011.

At the end of the fifth summit of the G20 since the 2008 financial crisis, leaders of major world economies are also committed to move towards greater exchange rate determined by the market and not to fall into the temptation of cash until payday loans competitive devaluations.

They also believe that there is significant potential, but limited to conclude the trade negotiations of the Doha Round launched in 2001 as part of the World Trade Organization (WTO).

"The risks remain," reads the statement. "Some of us are experiencing strong growth, while others face high unemployment and a sluggish recovery.Irregular growth and imbalances which are increasing feed the temptation to depart from global solutions to the benefit of uncoordinated actions. "

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The final communiqué of the G20 shows an attempt to re-forge the unity that had emerged as the financial crisis erupted.But the heads of state and government have not ventured far beyond what had been agreed by their finance ministers last month at their preparatory meeting for the summit.

Thus they were unable to agree on how to determine from where the global imbalances pose a threat to economic stability, referring to discussions on a series of economic indicators in the first witnesses half of 2011 payday loans in California