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Malaysia's AirAsia takes off with Toyota in Formula One An Air Asia aircraft in Kuala LumpurAn Air Asia aircraft in Kuala Lumpur. Malaysia's budget carrier has signed a 10 million ringgit (2.8 million dollar) sponsorship deal with Toyota for the 2007 Formula One season.



Wii sales for February trounce Xbox 360 and PlayStation 3 Boxes of Wii Nintendo consoles Boxes of Wii Nintendo consoles are seen in a shop in December 2006. US sales of Wii video game consoles nearly matched those of rivals Xbox 360 and PlayStation 3 combined, according to figures released on Friday by NPD Group.



TUI, First Choice in mega European travel tie-up Michael Frenzel, chairman of Europe's leading travel group TUIMichael Frenzel, chairman of Europe's leading travel group TUI, gives a press conference in Hanover, Germany, March 2006. German travel giant TUI moved Monday to cement its position as Europe's leading travel and tourism group by announcing plans to merge it tourism division with British rival First Choice.



Sanyo's high-flying chairwoman resigns amid accounting probe Tomoyo NonakaTomoyo Nonaka, chairwoman and CEO of Japan's Sanyo Electric Co., at a press conference in Tokyo, January 2006. Japan's Sanyo Electric announced Monday the resignation of Nonaka, one of Japan's top female executives, as it grapples with big losses and allegations of window dressing.



Europe's A380 superjumbo makes first trip to the United States An Airbus A380 is made ready for takeoff An Airbus A380 is made ready for takeoff from the airport in Frankfurt. The world's biggest passenger plane, the double-decker 555-seat Airbus A380 superjumbo, was well across the Atlantic on Monday on a first and highly symbolic test flight to the United States.



Brilliance China's parent plans to spend big on developing new cars Beijing trafficBeijing traffic. Huachen Automotive Group, parent of Hong Kong-listed Brilliance China, plans to spend 390 million dollars on new car development this year to expand at home and abroad



US appeals court bars Enron investors from suing banks as group Enron logoA US court of appeals ruled Monday that Enron shareholders cannot pursue a group lawsuit against banks accused of having a role in the energy giant's collapse in 2001. File picture shows the Enron logo



Air China 2006 profits get a boost on strong passenger numbers Beijing's Capital AirportBeijing's Capital Airport. Mainland flag carrier Air China announced Tuesday an 11.7 percent rise in 2006 net profit to 2.7 billion yuan (347 million dollars as increased passenger traffic offset the impact of higher jet fuel prices



P&G not in league with the Devil: court Procter and Gamble Co. LogoProcter and Gamble Co. does not worship Satan, according to a US court ruling that revolves around a decades-old urban myth targeting the world's biggest consumer goods company.



Efficiency, not nationalism should rule EADS: Spain European Aeronautic Defence and Space CompanyEuropean Aeronautic Defence and Space Company (EADS) logo. Spain wants competitiveness, rather than national interests to determine the awarding of contracts by European aerospace group EADS, Spanish Industry Minister Joan Clos said Tuesday.



Hynix and US firm forge patent cross license deal South Korean pedestrians walk in front of Hynix headquarters in Seoul South Korean pedestrians walk in front of Hynix headquarters in Seoul in January. Hynix Semiconductor, the world's second largest memory chipmaker, said Wednesday it has forged a patent cross-licensing and product supply deal with SanDisk of the United States. Hynix said the agreement would help it settle patent suits in the United States. It follows a similar alliance announced Tuesday between the Korean firm and Japanese