Wednesday, December 22, 2010

More snow forecast, cold snap to dent German growth-WRAPUP 3 00:23 Hours ago
Cold weather is likely to dent fourth quarter growth in Germany, Europe's biggest economy, Volker Treier, chief economist at Germany's DIHK chamber of industry and commerce, told Reuters.
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Wolfgang Prock-Schauer, chief executive of Lufthansa's BMI airline, accused Spanish-owned BAA of being unprepared for the heavy snow at Heathrow.

"What is really incredible is that 10 cm (4 ins) of snow closed the airport down for two days and then it operated at one-third capacity," he told the Times newspaper. "BAA was not prepared. It did not have enough de-icing fluid."

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