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French strike cost Paris region 150 mln euros -report

PARIS, Oct 26 (Reuters) Last week's strike by transport and power workers cost businesses and workers in the Paris region 150 million euros, according to an internal report by the French economy ministry quoted in a newspaper today.

The October 18 strike, over President Nicolas Sarkozy's planned reform of generous pensions that are given to a minority of public sector workers, caused widespread disruption to the region's transport system. Companies whose employees struggled to get to work lost about 79 million euros as a result of the strike, the Figaro newspaper said, quoting the report.

A further 40 million euros was lost by workers who were stuck in traffic, while those who failed to make it to work at all lost 30 million euros.

The rest was made up of extra transport costs and the cost to public funds.

The report estimated total losses equivalent to 0.03 per cent of the region's gross domestic product, which makes up one-third of French GDP.

The transport and energy workers unions, whose leaders are due to meet on October 31, have threatened more strikes unless the government withdraws the proposed reform.

If they do decide to hold another day of action it may coincide with a November 20 strike by civil servants protesting at government plans to leave nearly 23,000 public sector jobs unfilled next year.

REUTERS ARB SSC1255

Urdu scholars to discuss Mir's poetry

Imphal, Oct 26 (UNI) A three-day seminar on the impact of Mir Taqi Mir on Urdu Poetry began here today. Dr Purandeswari, Union Minister of State for Higher Education, inaugurated the seminar at the first Manipur Rifles. It is being attended by over 200 delegates from all over the country. The literary and cultural organisations of Manipur organised the seminar under the aegis of the National Council for Promotion of Urdu language. Speaking on the occasion Dr Purandeswari said.....

Silver, gold surge ahead on bullish advice

Mumbai, Oct 26: Spot silver and gold advanced further in the opening session as silver was up by Rs 350 per kg from its previous close of Rs 18,400 and gold by Rs 125 per ten gm from its previous close of Rs 9,825 owing to good demand, traders at the Bombay Bullion Association said. Following are the opening rates of spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 18,750, Gold (per 10 gm): Gold 99.5 purity standard mint.....

World's second largest pearl to be auctioned on Nov 19

Dubai, Oct 26 (UNI) World's second largest natural pearl 'Arco Valley' will go under the hammer in Dubai on November 19. The UAE Pearl Revival Committee yesterday announced that the auction would be held during the first International Pearl Convention here next month. It will be an attempt to revive UAE's distinguished pearling tradition and make it the keystone of the country's cultural identity. ''The convention will lay the foundation for a remarkable revival of our wonderful history in the pearl.....
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