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Business News

• World airlines see blue skies ahead (AP)
  AP - Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said Thursday, halving its loss forecast for 2010 to $2.8 billion. […]
• U.S. warns EU of rift over fund regulation: report (Reuters)
  Reuters - U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported. […]
• Japan to fight global trade ban on Atlantic bluefin tuna (AFP)
  AFP - Japan vowed Thursday to fight a global trade ban on Atlantic bluefin tuna, the pricey mainstay of sushi and sashimi, as Europe and the United States step up moves to protect the species. […]
• BP to pay $7 billion for exploration rights (AP)
  AP - Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp. […]
• China's inflation accelerates in February (AP)
  AP - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track. […]
• Democrats, White House close in on health bill (AP)
  AP - A final agreement nearly in hand, President Barack Obama and Democratic leaders are about to embark on one last sales job that will determine the outcome of the president's signature health care overhaul. […]
• Safety agency under spotlight in House hearing (AP)
  AP - Toyota's massive recalls are bringing new scrutiny to the government's auto safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of protecting motorists. […]
• Greece paralyzed by strike over austerity plan (AP)
  AP - Greek public transport was halted, flights grounded and state hospitals left with emergency staff only on Thursday as workers held yet another general strike to protest painful spending cuts. […]
• Kali+Salz' Q4 net income falls 93 pct to $22M (AP)
  AP - German salt and fertilizer company Kali+Salz AG said Thursday that its fourth-quarter net income plunged 93 percent to euro16 million ($22 million) as the downturn significantly affected demand in global agricultural markets. […]
• Toyota subsidiary Daihatsu recalls 275,000 vehicles (AFP)
  AFP - Daihatsu Motor Co., a subsidiary of embattled Toyota, said Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese carmakers. […]