ISRAEL

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Renault to develop electric cars for Israel project

The Renault-Nissan (RENA.PA: Quote, Profile, Research) (7201.T: Quote, Profile, Research) alliance on Monday signed a deal to begin mass producing electric cars as part of an Israeli-led project to develop alternative energy sources and slash oil dependency.

Israeli blockade deepens hardship in Gaza

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Gaza hospitals will run out of drugs and fuel for generators within a few days unless Israel eases the border blockade it imposed to curb Palestinian rocket attacks, international organizations said on Monday.
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Bush stops in Saudi Arabia for talks

Iran, Mideast peace and democracy in the region topped the agenda for President Bush during talks Monday with ally Saudi Arabia. Bush's first visit to the kingdom came as his administration notified Congress of its intent to sell $20 billion in weapons, including precision-guided bombs, to the Saudis. The announcement was timed to coincide with the president's arrival in the Saudi capital.
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New 3D Camera Controller Takes Step Beyond Nintendo Wii

As the Nintendo Wii video game system continues gain in popularity worldwide, one firm is developing a new 3D video camera controller that may provide a new way to build upon the motion control already being used on the system.
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Doubts linger about U.S. commitment after Annapolis

U.S. President George W. Bush has set himself the Herculean task of shepherding an Israeli-Palestinian peace deal by the end of next year, but doubts remain about his commitment. As Bush proudly beamed behind them, Israeli Prime Minister Ehud Olmert and Palestinian President Mahmoud Abbas shook hands on Tuesday over an agreement to immediately begin their first formal peace negotiations in seven years.
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Bush says Annapolis path will be difficult

President George W. Bush told Israeli and Palestinian leaders gathered for a Middle East conference on Tuesday that the time was right to work toward peace but cautioned the path would be difficult.
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Bush launches drive for Mideast peace

President George W. Bush meets Palestinian and Israeli leaders on Monday in a drive for Palestinian statehood before he leaves office in 14 months.
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Saudi dangles prospect of going to Annapolis

Saudi Arabia has not ruled out the possibility of taking part in a Middle East peace conference with Israel next week, according to comments by Crown Prince Sultan carried by state television on Thursday.
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Israel launches anti-hijack pilot ID system

Israeli authorities plan to issue a new anti-hijack identification system to incoming aircraft which they say is foolproof, but some experts are not convinced it will plug all the security holes on the horizon.
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OPEC summit ends in division over weak dollar

An OPEC summit ended on Sunday in sharp political division over whether to take action over the weak dollar, as heads of state vowed to keep providing Western consumers with an adequate supply of oil.
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ChemChina offers $2.75 billion for Australia's Nufarm

China National Chemical Corp (ChemChina) and U.S. private equity firms offered up to A$3 billion ($2.75 billion) on Monday for Australia's Nufarm Ltd, a deal that would create the world's largest generic farm chemicals firm.
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Rice assures Israel and urges bold peace moves

Condoleezza Rice urged Israel on Sunday to be bold in pursuing peace with the Palestinians after Israeli leaders warned her there could be no deal on a Palestinian state until their own security was guaranteed.
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Samsung acquires Israeli Transchip

Samsung Electronics Co., Ltd., a leading mobile and telecommunications equipment provider as well's as well as world's biggest memory chipmaker on Wednesday announced that it had bought an Israel non-memory chip developer, Transchip.
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Mazda July-September Profit Soars

Mazda Motor Corp., the Japanese affiliate of Ford Motor Co., announced on Friday that its July-September period net profit soared 29 percent to 26.6 billion yen due to strong sales overseas.
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Threat of World War III if Iran goes nuclear

U.S. President George W. Bush warned on Wednesday a nuclear-armed Iran could lead to World War III as he tried to shore up international opposition to Tehran amid Russian skepticism over its nuclear ambitions.Bush was speaking a day after Russian President Vladimir Putin, who has resisted Western pressure to toughen his stance over Iran's nuclear program, made clear on a visit to Tehran that Russia would not accept any military action against Iran.
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Israel kills 9 in Gaza, warns of big sweep

Israel killed nine Palestinians and injured 20 in military operations in the Gaza Strip on Wednesday, and threatened a major ground sweep of the Hamas-run territory to stem cross-border rocket fire.
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In pure Arctic air, signs of China's economic boom

In the apparently pure Arctic air, a research station on a Norwegian island mountain ridge finds tiny chemical traces from factories in Russia, pesticides in Israel or China's coal-fired power plants.

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