Washington

Pentagon reopens bidding on tanker contract

Pentagon reopens bidding on tanker contract Washington  - The US Defence Department on Wednesday formally reopened bidding for the contract to build the next generational of Air Force tanker refuellers, a spokesman said.

The contract was initially won by the Northrop Grumman-EADS partnership but a congressional oversight agency upheld a protest by rival Boeing, effectively forcing the Pentagon to rehold the competition for the 35-billion-dollar contract.

The Pentagon on Wednesday formally asked the companies to resubmit proposals to build the 179 KC-X aerial refuellers, spokesman Chris Isleib said.

IMF: Britain's high inflation leaves little room for rate cut

IMF: Britain's high inflation leaves little room for rate cut Washington  - Britain is in for an "extended period" of high inflation and lower growth that will test the government's policy of fiscal restraint, the International Monetary Fund said Wednesday.

The IMF also warned the Bank of England against further interest rate cuts ahead of its meeting Thursday. Rising food and fuel prices would keep inflation above the government's target of 2 per cent, providing "little scope for monetary easing" despite sluggish growth.

Freddie Mac loses 800 million dollars in second quarter

Freddie Mac loses 800 million dollars in second quarter Washington  - Freddie Mac Wednesday reported 821 million dollars in second-quarter losses amid record foreclosures and a US housing slump that has threatened the home mortgage giant with collapse.

The results come after a 151-million-dollar net loss in the first quarter of 2008 as housing prices continue to fall across the United States. The lender reported profits of 729 million dollars in the second quarter of 2007.

McCain ad: "We're worse off than we were four years ago"

McCain ad: "We're worse off than we were four years ago" Washington  - Republican White House hopeful John McCain made his sharpest divide yet from US President George W Bush, declaring in a new television advertisement Tuesday that the state of the nation has worsened over the last four years.

"Washington's broken. John McCain knows it," a narrator says in the new ad. "We're worse off than we were four years ago."

Poll: Women hold important key to US presidential elections

Poll: Women hold important key to US presidential elections Washington  - Women hold an important key to winning the US presidential elections in November because neither Democrat Barack Obama nor Republican John McCain has yet won a majority of women voters into their corner, according to a poll released Tuesday.

Obama has won the support of 49 per cent of women, while 38 per cent are for McCain, according to the poll commissioned by a coalition of Lifetime Entertainment Services, a female-oriented TV broadcaster, and hundreds of women's organizations.

Mars finding dims chance of life

Mars finding dims chance of lifeWashington  - A NASA rover on Mars has discovered a toxin in soil on the north pole, diminishing the likelihood of finding life on the Red Planet, space agency officials said Tuesday.

The Phoenix lander several weeks ago scooped up the dirt samples and extensive analysis confirmed the existence of perchlorate, a highly oxidizing substance that would harm life.

"This is surprising since an earlier ... measurement of surface materials was consistent with but not conclusive of the presence of perchlorate," said Peter Smith, the principal investigator at the University of Arizona.

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