| Friday, January 25
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Codemasters Unveils New MMO: Jumpgate
The next MMO that'll try to take a chunk out of the World of Warcraft phenomenon is coming to you courtesy of Codemasters. Today, Codemasters unveiled a space-based MMO called Jumpgate, which is scheduled to ship in late 2008. Jumpgate is being developed by the U.S.-based MMO developer NetDevil. Codemasters Online also confirmed that they will be the exclusive publisher and operator of this next-generation MMO across Europe as they work with NetDevil to bring the game to North America. Whereas World of Warcraft focuses on fantasy-based action, Jumpgate will focus on space combat that allows players to choose from one of three playable nations. Embarking on their space adventure, players will be able to trade valuable commodities, take part in dangerous outer-space raids, meet and play with friends and, basically, live out their dreams of becoming an elite hero or infamous space pirate.
AIRSHOW-Honeywell sees Asia aerospace sales up 10pct in '08
Despite fears of a global downturn amidst a slowing U.S. economy and a growing credit crisis, business activity globally has not been affected, a senior executive from the company said. "It's mainly showing up as just a lot of worry and concerns. But we're not seeing it in the data, we're not seeing it in orders and in business activities," said Mark Howes, President of Honeywell Aerospace Asia Pacific. Howes said Honeywell's aerospace division saw about $900 million in sales in 2007, and expects this to grow to $1 billion this year as airlines receive record number of aircrafts from manufacturers such as Boeing (BA.N: Quote, Profile, Research), Airbus (EAD.PA: Quote, Profile, Research) and Bombardier (BBDb.TO: Quote, Profile, Research) in 2008. Howes, who is attending the Singapore Airshow being held this week, said the U.S.
Venezuela Threatens to Cut US Oil
The U.S. buys 65% of his countries high sulfer crude. The U.S. also supplies over 1/3 of the food consumed in Venezuela as well as the great majority of consumer goods (Cars, refrigerators, electronics, ect). As much as he might rail against the U.S., he knows that his country depends on 4/5 of its revenues from Oil sales, and must import food to feed his citizens. Hopefully it can be resolved without all the theatrics on both sides. .
Iran's refinery problem reflects global fuel shortage
The Islamic Republic produces 44 million litres of refined fuel a day which provides less than half of domestic requirements. It is a vulnerability that Washington has indicated it will use as a lever in its efforts to curb Iran's nuclear programme. Fuel rationingIran finally chose to impose full fuel rationing at the end of June. Private motorists are now allowed to purchase just 100 litres a month. The sudden move allowed no time for hoarding and there has been anger on the streets at the rationing decision, with high inflation already affecting the price of basic commodities, even though Iranian petrol is still sold at about one fifth its economic cost at 11 US cents a litre. The move is scheduled to last up to six months. Iran had faced exhausting its annual budget for gasoline products by the beginning of August.
Beef recall a "black eye," but abuses rare, Texas cattlemen say
LUBBOCK, Texas — The recall of tons of ground beef paints a "black eye" on the meat processing industry but animal treatment like that depicted at a West Coast slaughterhouse isn't typical, say Texas cattle ranchers and those who watch the market. Most believe it's unlikely the recall, the largest ever in the U.S., will impact markets for ground beef. Undercover video taken at the Westland/Hallmark Meat Co. of Chino, Calif., shows workers shocking, kicking and shoving debilitated cattle with forklifts, prompting the government to pull more than 71,000 tons of beef. In Texas, the nation's leading cattle producer, ranchers and officials were incensed. They also were quick to contend the incident is isolated and that the recall pertained to animal welfare, not food safety.
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