Bloomberg:- Novozymes A/S, the world’s no.1 maker of enzymes, plans to move its sugar-based production to China and the US after the European Union scrapped sugar export subsidies.
- Crude oil flirted with a record $62.10/bbl. in NY on concern Hurricane Dennis might damage oil rigs and platforms in the Gulf of Mexico.
- Chinese exporters reached a cap the US imposed on imports of knit shirts and underwear and neared the limit on trousers just seven weeks after the Commerce Dept. put restrictions on the import of those products.
- Time Warner CEO Parsons said his company is interested in buying more cable systems after agreeing to acquire assets from bankrupt Adelphia Communications in April.
- Leaders of the Group of Eight richest nations pledged to double aid to Africa to $50 billion a year, part of a package of measures aimed at relieving poverty in the world’s poorest countries.
Wall Street Journal:- London’s 500,000 surveillance cameras that can capture one person as often as 300 times a day may offer clues to identifying people behind yesterday’s bombings in the UK capital.
- Clear Channel Communications and Yahoo! plan to jointly market concerts.
- A Canadian panel of experts is recommending that the country’s regulators allow painkiller Vioxx, made by Merck, back onto the market.
Washington Post:- Pragmatism, not ideology, drove President Bush’s four nominations to the Texas Supreme Court while he was governor.
Globe and Mail:- Most Canadians are willing to pay to get faster medical care, suggesting the government’s efforts to prohibit private clinics are out of step with public opinion.
AFP:- OPEC President al-Sabah said he plans to resume consultations with other OPEC members on soaring oil prices and a possible increase in output.
Economic Times:- India overtook China to become the country with the world’s second-largest road network after the US.
Xinhua News Agency:- As much as 14% of China’s population, or 180 million people, have no access to safe drinking water, pointing to the problem of water pollution.
al-Sharq al-Awsat:- Terrorist attacks on London that killed at least 50 people and wounded 700 other yesterday were probably carried out by one of al-Qaeda’s so-called sleeper cells.
