Eurozone Economy Slumps Further

8 WORLD The Minsk Times Thursday, January 12, 2012 Indian cars Eurozone vie for smallest, economy cheapest slumps title India seems to be locked in a contest to produce the world’s tiniest and further cheapest cars Th e latest, the Bajaj RE 60, The eurozone’s economy has just been unveiled at the New Delhi Car Show. Made slumped further at the end of by a motorcycle and rickshaw manufacturer it’s intended last year as retail sales fell and as an upgrade for rickshaw consumer confidence slid drivers rather than as a rival to the Tata Nano, the previ- That according to the dence fell 0.7 points in the ously touted world’s cheapest latest data from the EU’s 17 countries sharing the car. With few safety features, statistics office Eurostat Euro. do not expect to see either of and the European Com- High unemployment is them on Europe’s roads any- mission. Eurozone retail hitting consumption and time soon. trade fell a worse-than-ex- Eurostat said the euro- pected 0.8 percent in No- zone jobless rate was 10.3 Two young women look at the display window of a shoe store advertising big sales vember from October, Eu- percent of the working ‘God help rostat said. Pointing to the population in November while hiring intentions fell One apparent bright spot in for the first time in 10 cautiousness of European up slightly from one year further in December. the data released was the months as factory manag- us’ say households, the European earlier. The number of un- That compared with an improvement in the Com- ers showed optimism about Commission said that in employed increased for the unemployment rate of 8.6 mission’s business climate future production plans Japanese December consumer confi- seventh consecutive month, percent in the United States. indicator, which increased and export order books. businesses Mexico inaugurates world’s Japanese business leaders have been making their tradition annual new year visit to highest cable-stayed bridge pray at a shrine in Tokyo which is considered to be Mexican President Felipe lucky for business Calderon has inaugurated Th e ancient Kanda Myou- the world’s highest cable- jin shrine is braced for more Tableware from the RMS stayed bridge visitors than usual; 110,000 Titanic during a news Th e 403m (1,321ft ) tall each day where they pray to conference Baluarte Bridge spans a deep Ebisu, the Japanese god of com- ravine in the Sierra Madre merce. Aft er a year wracked by Occidental mountains in the the March 11th earthquake Salvaged north. It is part of a new high- and tsunami which led to a way crossing some of Mexico’’s nuclear power disaster, as well Titanic most rugged terrain, from Ma- as record high levels for the zatlan on the Pacifi c Coast to XINHUA - BELTA Yen hitting exports, Japanese artefacts Durango in the interior. Th e Baluarte Bicentennial Bridge is the highest in the world businessmen and women are cable-stayed bridge is so tall were on hand to present him can offi cials hope it will boost will be eight other bridges over doing everything they can to to be that the Eiff el Tower would with an award recognising the tourism and commerce in the 300m high, as well as more make 2012 a brighter year. easily fi t under its central span. engineering feat. region. Th e Mazatlan-Duran- than 60 tunnels. Offi cials say auctioned “Th is project will unite the Th e opening of the 1,124m go highway replaces a notori- it will reduce the journey be- More than 5,000 artefacts people of northern Mexico as (3,687ft ) long bridge is part of ously dangerous winding road tween Mazatlan and Durango Samsung retrieved from the never before,” President Cal- celebrations to mark 200 years known as the ‘Devil’s backbone’ by about six hours. Eventually, wreckage of Titanic are to deron said at the inauguration of Mexico’s independence from that crosses the jagged peaks of it will form part of a modern calls in be auctioned off on the ceremony. Offi cials from the Spain. It is expected to open to the Sierra Madre Occidental. highway linking the Pacifi c and 100 year anniversary of Guinness World of Records traffi c later this year, and Mexi- As well as Baluarte, there Atlantic coasts. record the ship’s sinking Th e items, which include crockery, fi ne clothing, de- profit signer handbags and early Stricken cargo ship Rena South Korea’s Samsung 20th century gadgets were all has reported a record picked up from the ocean’s quarterly operating surface. Titanic, at the time breaks up off New Zealand profi t — the equivalent the world’s biggest passen- of 3.5bn Euros ger steamship, set sail from A cargo ship which ran heavy seas, Maritime New Th e world’s leading maker Southampton in the UK aground off the coast Zealand (MNZ) spokesman of memory chips and smart- bound for New York City on of New Zealand three Ross Henderson said. “Th e phones credited one-off gains April 10th, 1912. RMS Titan- months ago has broken forward section remains fi rmly and its best-ever sales of high- ic hit an iceberg in the North in two, spilling containers grounded on the reef, but the end handsets. As well as over- Atlantic four days later. More and threatening a new oil rear section has broken away,” taking Apple as the world’s than 1,500 people died. spill he said, adding that the two top smartphone maker, Sam- Th e wreck was found at a Heavy seas snapped off parts of the ship were now 20- sung also supplies rivals with depth of 4 kilometres off the the stern section of the Greek- 30m apart. components for their tablet coast of Newfoundland by owned Rena, which leaked Mr. Henderson spoke of computers and smartphones. an American-French expedi- large amounts of fuel on be- a ‘signifi cant release of con- Samsung only entered the tion in 1985. Th e items will be coming stranded in October. tainers and container debris’. smartphone market in ear- sold off in New York in April Up to 300 containers have MV Rena is seen in two pieces after overnight wreck Tonnes of milk powder from nest in 2010, but its handset as a single collection. Under been washed overboard, with Th e stranding has been de- tober 5th. Its captain and other one of the containers have division is now its biggest the rules of the sale, the new most expected to sink. While a scribed as New Zealand’s worst senior offi cers face up to 16 spilled into the sea, making earnings generator. owner will have to make the new oil leak is feared in com- maritime disaster. Th e Rena charges relating to the wreck. the water around the wrecked collection available for public ing days, clean-up teams ex- struck the well-marked Astro- Th e ship broke in two af- vessel murky. Timber has also Materials prepared viewing. Th ey’ve been valued pect it to be smaller than the labe Reef off the North Island ter being hit by waves of up been sighted among the de- with aid of information at $189m. initial escape. resort area of Tauranga on Oc- to 6m (20ft ), heavy winds and bris. agencies.

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