January 15, 2012 in Nation/World

In brief: Strike over gas cost imperils Nigerian oil

From Wire Reports

ABUJA, Nigeria – Nigeria’s government and labor unions failed Saturday night to end a paralyzing nationwide strike over high gasoline costs, potentially sparking an oil production shutdown.

It was not immediately clear this morning whether a major oil workers’ union had gone ahead with its threat to have its members walk off their jobs starting at midnight.

Nigeria, which produces 2.4 million barrels of oil a day, is the fifth-largest oil exporter to the United States.

Labor unions called the nationwide work stoppage Monday in response to a government decision to remove subsidies, causing fuel prices to more than double in Africa’s most populous nation.

Election could bring Taiwan, China closer

TAPEI, Taiwan – Taiwan’s President Ma Ying-jeou won re-election Saturday, receiving a mandate from voters that he vowed would spell closer economic ties with the island’s old foe, China.

Ma won 51 percent of the vote, compared with 46 percent for his chief rival, Tsai Ing-wen, after a tense campaign packed with criticism of his overtures to China. Ma had urged voters to see his attempts at rapprochement as a stimulus for the local economy, but was accused of getting too cozy with Taiwan’s rival of more than 60 years.

Beijing applauded the results. “We are willing to join hands with Taiwan’s all walks of life on the basis of continuing to oppose the Taiwan independence,” read a statement released by the Taiwan Affairs Office of the State Council.

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