The luxury hotel Ritz Carlton Abu Dhabi, in the UAE capital, expects to delay its opening by one year, the hotel operatorÔÇÖs president and CEO said on Monday.┬áIt was scheduled to open in 2011 but in an interview with Arabian Business, Simon Cooper said that it would ÔÇ£probablyÔÇØ open a year later.ÔÇ£ItÔÇÖs relatively on schedule. I would probably err to 2012 if you asked me,ÔÇØ he said, without elaborating on the reasons for the delay.

US carmaker Chrysler has filed for Chapter 11 bankruptcy protection, and has formed an alliance with Fiat, making the partnership the worldÔÇÖs sixth largest carmaker. ┬á The filing for Chapter 11 protects Chrysler from its creditors, allowing it to rearrange its finances while still trading, and will lead to the forming of a new corporate entity. ┬á Italian carmaker Fiat will take a 20 percent stake, with the possibility of it rising to 35 percent if performance targets are met, and 51 percent by 2016 if Chrysler's government loans are fully repaid.

US carmaker Chrysler has filed for Chapter 11 bankruptcy protection, and has formed an alliance with Fiat, making the partnership the worldÔÇÖs sixth largest carmaker. ┬á The filing for Chapter 11 protects Chrysler from its creditors, allowing it to rearrange its finances while still trading, and will lead to the forming of a new corporate entity. ┬á Italian carmaker Fiat will take a 20 percent stake, with the possibility of it rising to 35 percent if performance targets are met, and 51 percent by 2016 if Chrysler's government loans are fully repaid.

Quoting architect Daniel Hudson Burnham who helped rebuild Chicago after the great fire, ÔÇ£make no little plans,ÔÇØ is what Obama said on 16 April about tackling the economic crisis that has been the centerpiece of the US presidentÔÇÖs first 100 days in office.┬á It is not yet clear whether the $787 billion stimulus package or the $1 trillion bank bailout plan will succeed in stemming the sharp fall in the US economy, but it is very clear that President Obama has even bigger economic ambitions for transforming the US economy and ultimately rebuilding US power and presti

Twelve of South Africa's neighbors have vowed to supply electricity to help avoid power cuts during the 2010 football World Cup.   South Africa was hit by severe power shortages last year, which led it to cut some power supplies to its neighbors, and which led some to doubt its ability to stage the showpiece.   The Southern African Power Pool (Sapp), whose members include Angola, Botswana, the Democratic Republic of Congo, Lesotho, Malawi, Namibia, Swaziland, Tanzia and Zambia, already share electricity supplies, and promised to transmit extra power to South Africa.

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German carmaker Daimler has marked a definitive separation from Chrysler by making a deal to give up its 19.9 percent stake in the US firm and forgiving its outstanding loans, the company has said.   Under the deal, Daimler has also agreed to three annual payments of $200 million (£137 million) into Chrysler's pension plans.   "In this way, Daimler is helping to secure pension payments to former employees of DaimlerChrysler," it said in a statement.

German carmaker Daimler has marked a definitive separation from Chrysler by making a deal to give up its 19.9 percent stake in the US firm and forgiving its outstanding loans, the company has said.   Under the deal, Daimler has also agreed to three annual payments of $200 million (£137 million) into Chrysler's pension plans.   "In this way, Daimler is helping to secure pension payments to former employees of DaimlerChrysler," it said in a statement.