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    Airbus has said it will take on the load of paying for fixes to the wings of A380 planes, which are being delivered this year. The money will be spent on cracks to wing components. While more ...

  • Indian energy company agrees to new pipeline

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    Around seven thousand oil and natural gas blocks will be put up for auction by the US government in June. The US Interior Department and Bureau of Ocean Energy Management are combining to lease ...

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  • China refuses to accept US solar dumping loss

    A US anti-dumping case which has come down against China has created tensions between the two countries. US-Chinese trade relations are likely to be heading lower after a preliminary ruling by ...

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    Japan's economy grew slowly but more strongly over the first three months of the year. The economy grew by one percent between January and March, compared to the final quarter in 2011. The ...

  • Japan in space-push for foreign money

    Japan has launched a rocket carrying an environment monitoring satellite from South Korea. In the country's first commercial launch of a foreign satellite, technicians sent the HII-A rocket into ...

  • Senate panel will take evidence from Jamie Dimon

    The head of JP Morgan has accepted a call from a US Senate committee to appear before it. Chairman and chief executive Jamie Dimon will go before the committee to explain the bank's unexpected $2 ...

  • BMW in push to develop world manufacturing sites

    German luxury carmaker BMW is believed to be considering the building of plants in Mexico, Slovakia and Hungary. As reported in Germany's daily newspaper Handelsblatt, company sources have ...

  • Indian rupee hits new lows

    The Indian rupee has fallen drastically over the past week. On Friday, the Indian currency had sunk to a record low against the dollar. It was the third day the rupee had fallen, due in part ...

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Featured Story

Romney Wins Maine Caucuses, Tops CPAC Straw Vote

The Republican Party's race to find a challenger to U.S. President Barack Obama in November's election got somewhat clearer Saturday when the frontrunner, Mitt Romney, scored two victories.

The first came in a symbolic vote at an annual convention of conservative Republican activists (CPAC) in Washington where Romney won 38 percent of the vote. Later in the day, the former Massachusetts governor won the Maine caucuses, getting 39 percent of the votes there.

In the CPAC vote, former senator Rick Santorum, coming off Tuesday's victories in contests in three states to the west (Minnesota, Missouri and Colorado), got 31 percent.

In Maine, Romney faced a challenge from Texas Congressman Ron Paul, who has yet to win any of the previous Republican party contests but who had hoped to score one in that far northeastern state. Both men spent time campaigning in Maine, whose caucuses, like the CPAC balloting, are considered a straw vote that is non-binding.

So far Romney has won the votes in New Hampshire, Florida and Nevada. He lost to former House of Representatives Speaker Newt Gingrich in South Carolina and to Santorum, who won the first contest in January in Iowa.

Tuesday's losses to social conservative Santorum highlighted Romney's struggle to gain the support of the conservative Republican base. On Friday, he sought to change that by calling himself "severely conservative" in a speech at the CPAC meeting.

The Republican presidential contenders face primaries later this month (February 28) in Arizona and Michigan, the state where Romney was born and raised.

Some information for this report was provided by AP, AFP and Reuters.

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