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Archive - 2011-02-14
European stocks close mixed
Financial

European stocks close mixed

LONDON: European stock markets closed mixed on Monday, with London's FTSE 100 Index of leading shares losing 0.05 percen
Published 14 Feb, 2011 06:17pm
Sarwan dismisses doubters
Sports

Sarwan dismisses doubters

COLOMBO: Recalled West Indies batsman Ramnaresh Sarwan declared Monday that his side was determined to silence critics w
Published 14 Feb, 2011 06:02pm
Ban imposed on pillion riding for 2days
Top News

Ban imposed on pillion riding for 2days

KARACHI: There will be complete ban on pillion riding and carrying and display of arms with effect from midnight of Mond
Published 14 Feb, 2011 05:30pm
US sees China as top economy: poll
Top News

US sees China as top economy: poll

WASHINGTON: Most Americans believe China is the world's leading economy, even though in reality the rising Asian power's
Published 14 Feb, 2011 03:37pm
India releases Rahat Ali Khan
Top News

India releases Rahat Ali Khan

? KARACHI: Rahat Fateh Ali Khan, the nephew of the late qawali maestro Nusrat Fateh Ali Khan, has been released by In
Published 14 Feb, 2011 02:18pm
Brent oil rises to $102
Commodities

Brent oil rises to $102

LONDON: Brent crude oil rose towards $102 a barrel on Monday supported by Chinese trade data highlighting strong demand
Published 14 Feb, 2011 12:58pm
Rupee stable against dollar
Financial

Rupee stable against dollar

KARACHI: The rupee gained against the dollar reflecting a positive sign of economic strength despite high rate of unem
Published 14 Feb, 2011 11:47am
NBP sacks Butt, Aamer, Asif
Top News

NBP sacks Butt, Aamer, Asif

KARACHI: The National Bank of Pakistan has sacked opener Salman Butt and strike bowlers Muhammad Aamer and Muhammad Asif
Published 14 Feb, 2011 10:56am
Business leaders clueless in Pakistan
Top News

Business leaders clueless in Pakistan

ANALYSIS KARACHI: World Economic Forum (WEF) Organised conference to develop consensus among participant to guide gover
Published 14 Feb, 2011 09:17am
Palestinian government quits
Top News

Palestinian government quits

RAMALLAH: Palestinian Prime Minister Salam Fayyad on Monday tendered his government's resignation to president Mahmud Ab
Published 14 Feb, 2011 07:52am
Oil market well supplied: UAE
Energy

Oil market well supplied: UAE

ABU DHABI:  The energy minister of the United Arab Emirates said Monday the oil markets were well supplied while prices
Published 14 Feb, 2011 07:24am
KSE confidence dips with FIPI
BR Research

KSE confidence dips with FIPI

KSE-100s movement last week has left many observers speechless. Its one of those times when you can decide whether the movement depicts a c
Published 14 Feb, 2011 12:00am
Allied Bank Limited
BR Research

Allied Bank Limited

Bankers seem to have finally gotten a handle of the economic situation. The banker of todays Pakistan has found ways to churn out healthy pr
Published 14 Feb, 2011 12:00am
Futures open interest down 24 percent

Futures open interest down 24 percent

Total open interest position at futures counter declined by 24 percent during the week ended on February 12, 2011 to Rs 1.3 billion. However, futures spreads increased by 565bps to 9.74 percent. Trading at the futures counter remained low and average dail
Published 14 Feb, 2011 12:00am
Futures open interest down 24 percent

Futures open interest down 24 percent

Total open interest position at futures counter declined by 24 percent during the week ended on February 12, 2011 to Rs 1.3 billion. However, futures spreads increased by 565bps to 9.74 percent. Trading at the futures counter remained low and average dail
Published 14 Feb, 2011 12:00am
Yusuf Haroon passes away

Yusuf Haroon passes away

Yusuf Haroon, a prominent Muslim League leader who was a close confidant of Quaid-e-Azam Mohammad Ali Jinnah, passed away in New York on Saturday after protracted illness. He was 95. The end came at New York Hospital where he was admitted for the past few
Published 14 Feb, 2011 12:00am
Yusuf Haroon passes away

Yusuf Haroon passes away

Yusuf Haroon, a prominent Muslim League leader who was a close confidant of Quaid-e-Azam Mohammad Ali Jinnah, passed away in New York on Saturday after protracted illness. He was 95. The end came at New York Hospital where he was admitted for the past few
Published 14 Feb, 2011 12:00am
India to pull 10,000 troops from IHK

India to pull 10,000 troops from IHK

India plans to withdraw 10,000 paramilitary troops from held Kashmir in 2011 and renew efforts to hold talks in the rebellion-hit Himalayan region, a top government official said Sunday. "I think this year we can easily take out 10 battalions (10,000 pers
Published 14 Feb, 2011 12:00am
India to pull 10,000 troops from IHK

India to pull 10,000 troops from IHK

India plans to withdraw 10,000 paramilitary troops from held Kashmir in 2011 and renew efforts to hold talks in the rebellion-hit Himalayan region, a top government official said Sunday. "I think this year we can easily take out 10 battalions (10,000 pers
Published 14 Feb, 2011 12:00am
Egypt's army dissolves parliament

Egypt's army dissolves parliament

Egypt's new military rulers said on Sunday they had dissolved parliament and suspended the constitution and would govern only for six months or until elections took place, following the overthrow of Hosni Mubarak. Troops, some wielding sticks, earlier too
Published 14 Feb, 2011 12:00am
Egypt's army dissolves parliament

Egypt's army dissolves parliament

Egypt's new military rulers said on Sunday they had dissolved parliament and suspended the constitution and would govern only for six months or until elections took place, following the overthrow of Hosni Mubarak. Troops, some wielding sticks, earlier too
Published 14 Feb, 2011 12:00am
Emirates' exiles in spotlight after Mubarak fall

Emirates' exiles in spotlight after Mubarak fall

For political figures in exile, the United Arab Emirates has been a luxury refuge, a base for plotting attempted comebacks and for at least one unable to escape assassins a final stage. There is no shortage of speculation that Egypt's Hosni Mubarak could
Published 14 Feb, 2011 12:00am
Emirates' exiles in spotlight after Mubarak fall

Emirates' exiles in spotlight after Mubarak fall

For political figures in exile, the United Arab Emirates has been a luxury refuge, a base for plotting attempted comebacks and for at least one unable to escape assassins a final stage. There is no shortage of speculation that Egypt's Hosni Mubarak could
Published 14 Feb, 2011 12:00am
UK calls for international action on Mubarak assets

UK calls for international action on Mubarak assets

A British government minister said on Sunday there should be an international approach to dealing with the overseas assets of deposed Egyptian president Hosni Mubarak and his family. Britain's Serious Fraud Office (SFO), which investigates financial crime
Published 14 Feb, 2011 12:00am
UK calls for international action on Mubarak assets

UK calls for international action on Mubarak assets

A British government minister said on Sunday there should be an international approach to dealing with the overseas assets of deposed Egyptian president Hosni Mubarak and his family. Britain's Serious Fraud Office (SFO), which investigates financial crime
Published 14 Feb, 2011 12:00am
Hajj expenses may be cut by Rs 36,000 per pilgrim

Hajj expenses may be cut by Rs 36,000 per pilgrim

Ministry of Religious Affairs is making all-out efforts to ensure maximum facilities to intending Hujjaj and is considering to reduce Hajj expenses by Rs 36,000 per pilgrim for the year 2011. "Efforts are on to curtail Hajj expenses from Rs 236,000 to Rs
Published 14 Feb, 2011 12:00am
Hajj expenses may be cut by Rs 36,000 per pilgrim

Hajj expenses may be cut by Rs 36,000 per pilgrim

Ministry of Religious Affairs is making all-out efforts to ensure maximum facilities to intending Hujjaj and is considering to reduce Hajj expenses by Rs 36,000 per pilgrim for the year 2011. "Efforts are on to curtail Hajj expenses from Rs 236,000 to Rs
Published 14 Feb, 2011 12:00am
Bomb attack survivor is new Iran atom chief

Bomb attack survivor is new Iran atom chief

Iran has appointed nuclear scientist Fereydoon Abbasi Davani, who survived a bomb attack in November, as the country's new atomic chief, state television reported on its website on Sunday. Abbasi Davani, a target of UN sanctions, replaces Ali Abkar Salehi
Published 14 Feb, 2011 12:00am
Bomb attack survivor is new Iran atom chief

Bomb attack survivor is new Iran atom chief

Iran has appointed nuclear scientist Fereydoon Abbasi Davani, who survived a bomb attack in November, as the country's new atomic chief, state television reported on its website on Sunday. Abbasi Davani, a target of UN sanctions, replaces Ali Abkar Salehi
Published 14 Feb, 2011 12:00am
Eight-year-old girl, brother die in Indian held Kashmir blast

Eight-year-old girl, brother die in Indian held Kashmir blast

A girl aged eight and her ten-year-old brother were killed Sunday when they played with a grenade abandoned during a gunbattle between alleged Mujahideen and occupation troops in Indian held Kashmir, police said.
Published 14 Feb, 2011 12:00am
Eight-year-old girl, brother die in Indian held Kashmir blast

Eight-year-old girl, brother die in Indian held Kashmir blast

A girl aged eight and her ten-year-old brother were killed Sunday when they played with a grenade abandoned during a gunbattle between alleged Mujahideen and occupation troops in Indian held Kashmir, police said.
Published 14 Feb, 2011 12:00am
'PIA turnaround possible if government follows proposed strategies'

'PIA turnaround possible if government follows proposed strategies'

The Pakistan International Airlines (PIA) can be turned around in 2011 provided the government follows the innovative strategies which have been developed by a veteran PIA marketing specialist. This would also resolve the current fiasco of joint venture a
Published 14 Feb, 2011 12:00am
'PIA turnaround possible if government follows proposed strategies'

'PIA turnaround possible if government follows proposed strategies'

The Pakistan International Airlines (PIA) can be turned around in 2011 provided the government follows the innovative strategies which have been developed by a veteran PIA marketing specialist. This would also resolve the current fiasco of joint venture a
Published 14 Feb, 2011 12:00am
''PIA turnaround possible if government follows proposed strategies''

''PIA turnaround possible if government follows proposed strategies''

The Pakistan International Airlines (PIA) can be turned around in 2011 provided the government follows the innovative strategies which have been developed by a veteran PIA marketing specialist. This would also resolve the current fiasco of joint venture a
Published 14 Feb, 2011 12:00am
Iranian opposition defies warning, calls for rally

Iranian opposition defies warning, calls for rally

Iran's opposition on Sunday renewed its call for a rally in support of protesters in Tunisia and Egypt despite a government warning of repercussions if demonstrations take place, a reformist website reported.
Published 14 Feb, 2011 12:00am
Iranian opposition defies warning, calls for rally

Iranian opposition defies warning, calls for rally

Iran's opposition on Sunday renewed its call for a rally in support of protesters in Tunisia and Egypt despite a government warning of repercussions if demonstrations take place, a reformist website reported.
Published 14 Feb, 2011 12:00am
US lawmaker told NYSE team will run merged exchange

US lawmaker told NYSE team will run merged exchange

A top US lawmaker on Sunday said he was told that officials at NYSE Euronext, in talks to be acquired by larger rival Deutsche Boerse, will have management control of the exchanges company if they merge. US Senator Charles Schumer, the senior senator from
Published 14 Feb, 2011 12:00am
US lawmaker told NYSE team will run merged exchange

US lawmaker told NYSE team will run merged exchange

A top US lawmaker on Sunday said he was told that officials at NYSE Euronext, in talks to be acquired by larger rival Deutsche Boerse, will have management control of the exchanges company if they merge. US Senator Charles Schumer, the senior senator from
Published 14 Feb, 2011 12:00am
President lauds performance of former ministers

President lauds performance of former ministers

President Asif Ali Zardari said the performance of all the former ministers was laudable and he shall remember the sacrifices rendered by them. President Asif Ali Zardari said here in a statement on Sunday that his friends and dear ones never hesitated to
Published 14 Feb, 2011 12:00am
President lauds performance of former ministers

President lauds performance of former ministers

President Asif Ali Zardari said the performance of all the former ministers was laudable and he shall remember the sacrifices rendered by them. President Asif Ali Zardari said here in a statement on Sunday that his friends and dear ones never hesitated to
Published 14 Feb, 2011 12:00am
British firm's Saddam bribery profits go to Iraq good causes

British firm's Saddam bribery profits go to Iraq good causes

Profits confiscated from British engineering firm Weir for paying illegal kickbacks to Saddam Hussein's regime are to be ploughed into Iraqi good causes, the Scottish government announced Sunday. Some 1.4 million pounds ($2.25 million, 1.65 million euros)
Published 14 Feb, 2011 12:00am
British firm's Saddam bribery profits go to Iraq good causes

British firm's Saddam bribery profits go to Iraq good causes

Profits confiscated from British engineering firm Weir for paying illegal kickbacks to Saddam Hussein's regime are to be ploughed into Iraqi good causes, the Scottish government announced Sunday. Some 1.4 million pounds ($2.25 million, 1.65 million euros)
Published 14 Feb, 2011 12:00am
Swiss vote to keep army guns at home

Swiss vote to keep army guns at home

Switzerland, which has the highest rate of suicide by firearms in Europe, voted Sunday to hold fast to its long-standing tradition of letting citizens keep army-issue weapons at home. A referendum, launched by a coalition of non-governmental groups, relig
Published 14 Feb, 2011 12:00am
Swiss vote to keep army guns at home

Swiss vote to keep army guns at home

Switzerland, which has the highest rate of suicide by firearms in Europe, voted Sunday to hold fast to its long-standing tradition of letting citizens keep army-issue weapons at home. A referendum, launched by a coalition of non-governmental groups, relig
Published 14 Feb, 2011 12:00am
US Republicans find tempest in the Tea Party

US Republicans find tempest in the Tea Party

Top US Republicans put on a brave face this week after a series of surprise setbacks, some suffered at the hands of their own archconservative political shock troops in the Tea Party. "We're in a new era," House Speaker John Boehner told reporters, shrugg
Published 14 Feb, 2011 12:00am
US Republicans find tempest in the Tea Party

US Republicans find tempest in the Tea Party

Top US Republicans put on a brave face this week after a series of surprise setbacks, some suffered at the hands of their own archconservative political shock troops in the Tea Party. "We're in a new era," House Speaker John Boehner told reporters, shrugg
Published 14 Feb, 2011 12:00am
MONEY WEEK: private crowding out

MONEY WEEK: private crowding out

The private sector is going to be cornered after being credited Rs211 billion in the second quarter. The signs are visible. Credit to the corporate sector historically slows down in the second half of the fiscal year - in FY10 Rs109 billion was advanced t
Published 14 Feb, 2011 12:00am
MONEY WEEK: private crowding out

MONEY WEEK: private crowding out

The private sector is going to be cornered after being credited Rs211 billion in the second quarter. The signs are visible. Credit to the corporate sector historically slows down in the second half of the fiscal year - in FY10 Rs109 billion was advanced t
Published 14 Feb, 2011 12:00am
MONEY WEEK: private crowding out

MONEY WEEK: private crowding out

The private sector is going to be cornered after being credited Rs211 billion in the second quarter. The signs are visible. Credit to the corporate sector historically slows down in the second half of the fiscal year - in FY10 Rs109 billion was advanced t
Published 14 Feb, 2011 12:00am
Afghan national held with drugs at airport

Afghan national held with drugs at airport

The Customs Drug Enforcement staff intercepted an Afghan passenger at Jinnah International Terminal here on Sunday morning for alleged charges of possession of drugs. An official of Pakistan Customs told APP here on Sunday that the Afghan national identif
Published 14 Feb, 2011 12:00am
Gas pipeline blown up

Gas pipeline blown up

Unidentified persons blew up a 4-inch diameter gas pipeline in Nasirabad district on Sunday. "Unknown men blew up the gas pipeline supplying natural gas to Sohbatpur from Dera Allahyar," a Levies source told APP. An investigation into the matter has been
Published 14 Feb, 2011 12:00am
Gas pipelines damaged in blast

Gas pipelines damaged in blast

There was a sabotage attempt on two Sui Southern Gas Company (SSGC)'s 10-inch diameter gas distribution main supply lines near Phuleli Canal, Hyderabad early Sunday morning, according to a press release issued by SSGC here. It said the casings fixed on ga
Published 14 Feb, 2011 12:00am
Poverty alleviation in Pakistan: Brazil for launching pilot project

Poverty alleviation in Pakistan: Brazil for launching pilot project

The government of Brazil has shown keen interest to initiate a symbolic pilot project in Pakistan to improve the living standard of rural folk in particular and agriculture sector in general as part of his country's zero hunger and poverty campaign.
Published 14 Feb, 2011 12:00am
Faiz's birthday celebrated

Faiz's birthday celebrated

A revolutionary poet and journalist, Faiz Ahmed Faiz's birthday was celebrated across the country on Sunday. He was born in 1911 at Kala Kader village, Sialkot in Punjab. People paid glorious tributes to the poet through reading his unforgettable verses.
Published 14 Feb, 2011 12:00am
Lieutenant General (retd) Jahandad Khan passes away

Lieutenant General (retd) Jahandad Khan passes away

President Al-Shifa Trust (AST) Lieutenant General (retd) Jahandad Khan Sunday passes away at Combined Military Hospital (CMH) Rawalpindi. He was 83 and left in bereaved family one daughter and one son. He was the founder of Al-Shifa Trust eye hospitals at
Published 14 Feb, 2011 12:00am
Overcoming problems: 'Muslim Ummah must practice Islam in its totality'

Overcoming problems: 'Muslim Ummah must practice Islam in its totality'

Muslim Ummah has to embrace Islam in its totality by following the footprints of the Holy Prophet (PBUH) to overcome various problems being faced by them. These were the views of speakers at a Seerat conference arranged in connection with the celebration
Published 14 Feb, 2011 12:00am
President and Prime Minister discuss political situation

President and Prime Minister discuss political situation

Prime Minister, Syed Yusuf Raza Gilani called on President, Asif Ali Zardari at Aiwan-e-Sadr on Sunday. Current political situation was discussed during the meeting. President's forthcoming visit to Japan also came under discussion.
Published 14 Feb, 2011 12:00am
Valentine's Day today

Valentine's Day today

The most awaited day of the year is being celebrated with mutual trust and love on February 14 (today). People anticipate arrival of this day to express their heart feelings to their friends and life partners.
Published 14 Feb, 2011 12:00am
JI's Jirga demands immediate end to military operation

JI's Jirga demands immediate end to military operation

Jamaat-e-Islami chief, Syed Munawwar Hasan, has said that thousands of Raymond Davis were rushing around in the country but instead of overpowering them, the army was killing its own countrymen.
Published 14 Feb, 2011 12:00am
Chief minister Punjab reviews pace of projects' implementation

Chief minister Punjab reviews pace of projects' implementation

Punjab Chief Minister Shahbaz Sharif has said that all resources are being utilised for rapid development of the province and provision of basic amenities to the masses. He said that besides good governance, merit and promotion of transparency, strict fin
Published 14 Feb, 2011 12:00am
PGMI organising scientific symposium from February 23

PGMI organising scientific symposium from February 23

Postgraduate Medical Institute (PGMI) Lahore is holding its first annual scientific symposium on February 23 and 24th at Lahore General Hospital. Principal of the college, Professor Tariq Salah-ud-Din would be the chairman and Professor Agha Shabbir Ali,
Published 14 Feb, 2011 12:00am
Rain lashes parts of Balochistan

Rain lashes parts of Balochistan

Rain lashed the parts of eastern Balochistan at night between Saturday and Sunday. The areas received rains include Jhal Magsi, Jaffarabad, Naseerabad, Bolan, Dhadar, Mach, Sibi and others. The rain lashed the region after the widespread westerly rain sys
Published 14 Feb, 2011 12:00am
Lawyers' convention demands revision of judicial policy

Lawyers' convention demands revision of judicial policy

The National Lawyers Convention has demanded revision of National Judicial Policy as some aspects of it have seriously hampered the cause of justice. It recommended that while reviewing the NJP, representatives of District Bars should be heard directly an
Published 14 Feb, 2011 12:00am
Two Chinese engineers killed

Two Chinese engineers killed

Two Chinese engineers were killed when an avalanche fell on a chromite mine in Bagha Wala area of Qila Saifullah district some 200 kilometres off Quetta, the provincial capital of Balochistan province on Sunday.
Published 14 Feb, 2011 12:00am
Political parties reject new cabinet as 'old medicine with new label'

Political parties reject new cabinet as 'old medicine with new label'

Expressing disappointment over the formation of new federal cabinet by the PPP-led government, opposition parties termed it as 'mere cosmetic change." It is nothing more than old medicine with new label which would not heal the nation's wounds, said MNA M
Published 14 Feb, 2011 12:00am
No similarity between Pakistan and Egypt situations: minister

No similarity between Pakistan and Egypt situations: minister

Provincial Minister for Finance Tanvir Ashraf Kaira has said that the situation of Pakistan is not similar to Egypt and Tunisia because in Pakistan democratic system is functioning and judiciary is working independently.
Published 14 Feb, 2011 12:00am
PEF to help restore flood-hit schools

PEF to help restore flood-hit schools

The Punjab Education Foundation (PEF) will help restore 86 partner schools in the flood-affected districts of the province. According to the rehabilitation plan, a sum of Rs 0.1 million for completely damaged school and Rs 35,000 for partially damaged sch
Published 14 Feb, 2011 12:00am
Journalists' colony in doldrums

Journalists' colony in doldrums

Journalists' community has expressed deep concerns over the delay of establishment of journalists' colony in Sialkot. They said that the project of setting up of the proposed colony is in doldrums since long due to unknown reason.
Published 14 Feb, 2011 12:00am
NH&MP conduct special patrolling

NH&MP conduct special patrolling

On the directions of Inspector General, National Highways and Motorway Police, Dr Waseem Kausar N-5 Central conducted an extraordinary special patrolling to conduct enforcement against illegal usage of LED lights, incorrect use of indicators and vehicles
Published 14 Feb, 2011 12:00am
Farooq Sattar terms PML-Q a 'real Muslim League'

Farooq Sattar terms PML-Q a 'real Muslim League'

A delegation of MQM comprising Farooq Sattar, Babar Ghauri, and Ifthikar Rindahwa was given a tumultuous welcome in Pakistan Muslim League (Q) House here on Sunday in which Farooq Sattar termed PML-Q as 'real Muslim League', pointing out that this had sho
Published 14 Feb, 2011 12:00am
Babar presents Rs 156 million cheques to president PBC

Babar presents Rs 156 million cheques to president PBC

The Federal Minister for Law, Justice and Parliamentary Affairs addressed the members of Punjab Bar Council (PBC) at Punjab Bar Council, Lahore on Sunday. Dr Babar Awan gave Rs156 million cheques to President Punjab Bar Council.
Published 14 Feb, 2011 12:00am
Malaysian Muslims warned against Valentine's Day

Malaysian Muslims warned against Valentine's Day

As couples around the world ready for Valentine's Day, Islamic officials in Malaysia have warned Muslims against celebrating something "synonymous with vice activities".
Published 14 Feb, 2011 12:00am
French Prime Minister calls for dialogue at Gulf's Sorbonne

French Prime Minister calls for dialogue at Gulf's Sorbonne

French Prime Minister Francois Fillon on Sunday inaugurated a campus at the Abu Dhabi branch of the famed Sorbonne with a call for dialogue and an appeal against the idea of a clash of civilisations. Fillon, on the first visit to the United Arab Emirates
Published 14 Feb, 2011 12:00am
Four die in New York stabbing spree

Four die in New York stabbing spree

At least four New Yorkers were killed in a stabbing spree by a man whose rampage left a trail of blood from an immigrant neighbourhood to touristy Times Square, police said Sunday. The 23-year-old suspect, Maksim Gelman, was wrestled by police to the floo
Published 14 Feb, 2011 12:00am
Clashes in Algeria as opposition plans new protest

Clashes in Algeria as opposition plans new protest

Hundreds of stone-throwing demonstrators clashed with police in the eastern Algerian city of Annaba on Sunday, as the opposition announced another major anti-government rally next weekend. The next anti-government rally will be held February 19, said Must
Published 14 Feb, 2011 12:00am
Women call time on Berlusconi in mass protests

Women call time on Berlusconi in mass protests

Hundreds of thousands of women took to Italy's streets Sunday in protest against Silvio Berlusconi, as a key rival launched a scathing attack at the start of a crucial week for the embattled leader. "Enough!" shouted the tens of thousands who crowded into
Published 14 Feb, 2011 12:00am
Afghan security ban seen holding up $6bn in US aid

Afghan security ban seen holding up $6bn in US aid

The Afghan government's halting steps to banish private security companies guarding aid workers and other Westerners against a growing insurgency has frozen some $6 billion in US aid, a US official has said.
Published 14 Feb, 2011 12:00am
China restricts smoking in films, TV

China restricts smoking in films, TV

China has ordered that smoking scenes in films and television series be restricted, amid concern it is failing to deliver on pledges to help its 300 million smokers kick the habit. The State Administration of Radio, Film and Television (SARFT), China's me
Published 14 Feb, 2011 12:00am
Egypt says major pieces looted from famed museum

Egypt says major pieces looted from famed museum

Several ancient treasures were stolen from the Egyptian Museum, including a statue of King Tutankhamun, when looters broke in during the uprising that toppled Hosni Mubarak, authorities said on Sunday.
Published 14 Feb, 2011 12:00am
Yemeni police block protesters' march on palace

Yemeni police block protesters' march on palace

Hundreds of anti-government protesters, inspired by the mass uprising in Egypt, clashed with police blocking them from marching to Yemen's presidential palace in Sanaa on Sunday, witnesses said.
Published 14 Feb, 2011 12:00am
Iraqi parliament approves eight new ministers

Iraqi parliament approves eight new ministers

Iraq's parliament approved eight new ministers on Sunday, filling some crucial posts in the premier's new cabinet but still leaving three sensitive security portfolios and the planning ministry vacant.
Published 14 Feb, 2011 12:00am
Iraqi dies after setting himself on fire in unemployment protest

Iraqi dies after setting himself on fire in unemployment protest

An Iraqi man has died after setting himself ablaze in the northern Iraqi city of Mosul to protest against unemployment, police sources said Sunday. The 31-year-old man set himself on fire when he could not find a job, the sources told the German Press Age
Published 14 Feb, 2011 12:00am
No risk to Egypt-Israel ties: Ehud Barak

No risk to Egypt-Israel ties: Ehud Barak

Israel's ties with Cairo are safe and sound, Israeli Defence Minister Ehud Barak said in comments aired Sunday, adding that Egypt's uprising shares little with the 1979 Iranian revolution. "I don't think that the relationship between Israel and Egypt is u
Published 14 Feb, 2011 12:00am
Egyptian markets may be boosted by optimism

Egyptian markets may be boosted by optimism

Egyptian stocks may be boosted by optimism following the downfall of Hosni Mubarak when markets reopen next week, but confidence is unlikely to be fully restored until political stability is achieved.
Published 14 Feb, 2011 12:00am
Deutsche Boerse results due as it mulls merger with NYSE

Deutsche Boerse results due as it mulls merger with NYSE

The German stock exchange operator Deutsche Boerse is to release 2010 results this week as it holds tie-up talks with NYSE Euronext in a bid to build the world's biggest exchange by revenues and profit.
Published 14 Feb, 2011 12:00am
Japan market to weigh China tightening risk

Japan market to weigh China tightening risk

The Japanese share market ended a holiday-shortened trading week Thursday with its focus on possible further Chinese credit tightening that could trigger a correction. Fresh Chinese consumer price data due Tuesday will provide further clues as to what mea
Published 14 Feb, 2011 12:00am
Global Markets Weekahead: earnings and price worries

Global Markets Weekahead: earnings and price worries

There is no shortage of market moving events for investors in the coming week - from Egypt unrest to inflation data - but the biggest shape-shifter would be a continuation of the recent burst of disappointing earnings.
Published 14 Feb, 2011 12:00am
US covered bonds a step closer with GSE reform

US covered bonds a step closer with GSE reform

The development of a covered bond market in the United States may be a step closer to fruition as part of the long-awaited reform of Fannie Mae and Freddie Mac. To date, only two US lenders have offered covered bonds, securities that are issued by banks a
Published 14 Feb, 2011 12:00am
US covered bonds a step closer with GSE reform

US covered bonds a step closer with GSE reform

The development of a covered bond market in the United States may be a step closer to fruition as part of the long-awaited reform of Fannie Mae and Freddie Mac. To date, only two US lenders have offered covered bonds, securities that are issued by banks a
Published 14 Feb, 2011 12:00am
Volatility shows up limited money market recovery

Volatility shows up limited money market recovery

The eurozone banking system has shown signs it can wean itself off the ECB's life support loans but while interbank rates are volatile and funding for weaker banks troublesome, money market 'normality' is a long way off.
Published 14 Feb, 2011 12:00am
India woos Muslim investors with new stock index

India woos Muslim investors with new stock index

India's stock market has traditionally been dominated by Hindu investors but the country has taken a step towards financial inclusion with the creation of a new index compliant with Islamic law. The Bombay Stock Exchange, Asia's oldest stock market, has l
Published 14 Feb, 2011 12:00am
US stocks push higher as optimism builds

US stocks push higher as optimism builds

The new national pastimes are calling the top of the stock market, commenting on Middle Eastern affairs and - buying dips. Stocks have shown remarkable resilience as investors snap up any drop in prices, even in the face of what seem like considerable ris
Published 14 Feb, 2011 12:00am
British traders to weigh on major banks

British traders to weigh on major banks

Traders will next week feast their eyes on Britain's major banks as Barclays unveils annual earnings and details the size of bonuses for staff amid public anger over bankers' high pay. The London market will also closely watch the latest inflation data am
Published 14 Feb, 2011 12:00am
Health insurer stock run may just be starting

Health insurer stock run may just be starting

The fast start for US health insurer shares this year may turn into a long climb. Shunned like pariahs during the economic crisis and healthcare reform debate, the stocks have caught fire, with the Morgan Stanley Healthcare Payor index of large and small
Published 14 Feb, 2011 12:00am
Legal burdens weigh on LSE-TMX 'London Bridge'

Legal burdens weigh on LSE-TMX 'London Bridge'

The blockbuster merger bridging the London and Toronto Stock Exchanges may have been announced, but this London bridge may yet fall under the sheer weight of staggering legal complexity. A broad group, from AIM to Borse Dubai, and from the Montreal Exchan
Published 14 Feb, 2011 12:00am
Volkswagen, PSA to invest $1.5 billion in south China

Volkswagen, PSA to invest $1.5 billion in south China

Volkswagen AG, PSA Peugeot-Citroen and other automakers will invest more than 10 billion yuan ($1.52 billion) in manufacturing capacity in China's Guangdong province this year, Chinese state media reported on Sunday.
Published 14 Feb, 2011 12:00am
Radical change needed on UK bank bonuses: Cable

Radical change needed on UK bank bonuses: Cable

Britain's banks need radical reform to end a culture of paying "offensively" large bonuses, Business Secretary Vince Cable, a long-time critic of the banking sector, said on Sunday. The Conservative-Liberal Democrat coalition finalised a deal this week wi
Published 14 Feb, 2011 12:00am
Toyota plans to produce Corolla car in Turkey

Toyota plans to produce Corolla car in Turkey

Japanese automaker Toyota is to produce its Corolla saloon car at its plant in Turkey, the state-run Anatolian news agency said on Sunday. Anatolian said the plan was disclosed by the chairman of one of Toyota's partners in Turkey, Abdul Latif Jameel Co (
Published 14 Feb, 2011 12:00am
EU, IMF seek to repair Greek rift after asset sale furore

EU, IMF seek to repair Greek rift after asset sale furore

The EU and IMF on Sunday hastened to prevent a rift with Greece after the debt-hit country slammed one of their auditors over controversial calls for a huge state asset sale to keep Athens' tortuous recovery on track.
Published 14 Feb, 2011 12:00am
Bangladesh investors, police clash over stocks slide

Bangladesh investors, police clash over stocks slide

Hundreds of Bangladeshi small investors, angry at a new plunge in share prices, set fire to tyres and pelted police with bricks on Sunday outside the stock exchange and demanded the resignation of the finance minister. Police with batons dispersed the pro
Published 14 Feb, 2011 12:00am
Telecom executives gather for Spain expo

Telecom executives gather for Spain expo

Executives from the mobile phone industry streamed Sunday into Barcelona for a major congress, two days after cellphone heavyweight Nokia sought help from Microsoft to avert a looming loss of market share.
Published 14 Feb, 2011 12:00am
Kuwait's KFH fourth quarter profit falls 29 percent

Kuwait's KFH fourth quarter profit falls 29 percent

Quarterly profit at Kuwait Finance House, the Gulf state's biggest Islamic lender, fell 29.2 percent, missing analysts' forecasts. The lender made 8.7 million dinars ($31.13 million) in the three months to December 31, Reuters calculated, compared with 12
Published 14 Feb, 2011 12:00am
Kuwait's KFH fourth quarter profit falls 29 percent

Kuwait's KFH fourth quarter profit falls 29 percent

Quarterly profit at Kuwait Finance House, the Gulf state's biggest Islamic lender, fell 29.2 percent, missing analysts' forecasts. The lender made 8.7 million dinars ($31.13 million) in the three months to December 31, Reuters calculated, compared with 12
Published 14 Feb, 2011 12:00am
G20 sees two steps to tackle global imbalances: EU

G20 sees two steps to tackle global imbalances: EU

Finance ministers from the world's 20 biggest developed and developing economies (G20) are likely to agree next week on a two-stage approach to tackling global economic imbalances, a European Union document showed.
Published 14 Feb, 2011 12:00am
Obama plans to cut deficit by $1.1 trillion

Obama plans to cut deficit by $1.1 trillion

US President Barack Obama's proposed budget for fiscal 2012 will seek to cut the record federal deficit by $1.1 trillion over the next 10 years, White House budget director Jack Lew said on Sunday. Lew, speaking on CNN, said the president was also on trac
Published 14 Feb, 2011 12:00am
Trichet for strengthening of financial system

Trichet for strengthening of financial system

European Central Bank president Jean-Claude Trichet called on Sunday for industrial nations to work further to strengthen the global financial system, saying it would be "gigantic foolishness" to grow complacent.
Published 14 Feb, 2011 12:00am
Middle East bankers see M&A rebound in 2011

Middle East bankers see M&A rebound in 2011

Mergers and acquisitions activity in the Middle East is expected to show a rebound in 2011 despite there being some concerns over buyers and sellers remaining at odds over prices, said a survey released on Sunday.
Published 14 Feb, 2011 12:00am
France will maintain AAA rating: Lagarde

France will maintain AAA rating: Lagarde

France will retain its top-notch AAA rating grade because it is cutting new borrowing and boosting growth with reform policies, French Economy Minister Christine Lagarde said in an interview published on Sunday. Lagarde told Der Spiegel news magazine that
Published 14 Feb, 2011 12:00am
France will maintain AAA rating: Lagarde

France will maintain AAA rating: Lagarde

France will retain its top-notch AAA rating grade because it is cutting new borrowing and boosting growth with reform policies, French Economy Minister Christine Lagarde said in an interview published on Sunday. Lagarde told Der Spiegel news magazine that
Published 14 Feb, 2011 12:00am
Strong euro hitting aircraft sales

Strong euro hitting aircraft sales

The strong euro is harming French aircraft maker Dassault Aviation's chances of selling the Rafale combat aircraft abroad, owner Serge Dassault told i-Tele in an interview on Sunday. Dassault, who is also a conservative politician, said the company had th
Published 14 Feb, 2011 12:00am
World Cup defining moment for Pakistan, says Shoaib Akhtar

World Cup defining moment for Pakistan, says Shoaib Akhtar

Fast bowler Shoaib Akhtar has called the upcoming World Cup his last, claiming it to be the "defining moment" of Pakistan cricket and perhaps of his own career. "Is this the twilight of my career? Yes. It is very special, playing in the sub-continent's Wo
Published 14 Feb, 2011 12:00am
English FA clamps down on Twitter use

English FA clamps down on Twitter use

Premier League stars have been warned not to step out of line on Twitter as the English Football Association responded to a spate on controversies involving the micro-blogging website.
Published 14 Feb, 2011 12:00am
Sturridge maintains hot streak to sink Everton

Sturridge maintains hot streak to sink Everton

Daniel Sturridge maintained his current hot streak as the Bolton striker sealed a 2-0 win over Everton at the Reebok Stadium on Sunday. Sturridge has been in superb form since his loan move from Chelsea on transfer deadline day and Everton were unable to
Published 14 Feb, 2011 12:00am
Kvitova beats Clijsters to win Paris title

Kvitova beats Clijsters to win Paris title

New world number one Kim Clijsters refused to blame a slight neck injury for a 6-4 6-3 defeat by Czech fourth seed Petra Kvitova in the Paris Open final on Sunday. Top seed Clijsters, who retained her US Open title in September and won the Australian Open
Published 14 Feb, 2011 12:00am
China, US onlookers at cricket's big bash

China, US onlookers at cricket's big bash

They are the unconquered frontiers of cricket - giant nations with huge populations, but China and the United States can only look on from the sidelines as battle is joined at the World Cup. The two nations together account for about 1.6 billion of the wo
Published 14 Feb, 2011 12:00am
Strauss discounts tired England's trouncing Down Under

Strauss discounts tired England's trouncing Down Under

England skipper Andrew Strauss on Sunday blamed fatigue and injury for his side's recent 6-1 one-day series pasting by Australia and declared his team were still capable of winning their first 50-over World Cup.
Published 14 Feb, 2011 12:00am
Smith blasts Chennai wicket

Smith blasts Chennai wicket

South African skipper Graeme Smith has criticised the wicket prepared for their World Cup warm-up game against Zimbabwe and called for better tracks during the tournament. The pitch caused worries to Smith despite his team cantering to an eight-wicket win
Published 14 Feb, 2011 12:00am
Australia crash to Chawla spin in warm-up match

Australia crash to Chawla spin in warm-up match

Piyush Chawla spun India to a remarkable 38-run win over defending champions Australia in a high-profile World Cup warm-up match on Sunday. The leg-spinner took 4-31 as Australia collapsed to 176 chasing a modest 215-run target, after being strongly place
Published 14 Feb, 2011 12:00am
Soderling retains Rotterdam title

Soderling retains Rotterdam title

French Open finalist Robin Soderling retained his ATP Rotterdam title with a 6-3, 3-6, 6-3 defeat of France's Jo-Wilfried Tsonga here on Sunday. World number four Soderling, the top seed, ran his record over Tsonga to 4-0 after losing his first set in the
Published 14 Feb, 2011 12:00am
Hantuchova wins in Pattaya Open

Hantuchova wins in Pattaya Open

Daniela Hantuchova of Slovakia won her fourth WTA singles title Sunday with a crushing 6-0, 6-2 victory over Italy's Sara Errani at the Pattaya Open. The number-four seed took just one hour and 16 minutes to defeat Errani, breaking serve six times to end
Published 14 Feb, 2011 12:00am
Ace Quiros wins Dubai Desert Classic

Ace Quiros wins Dubai Desert Classic

Spain's Alvaro Quiros rode a roller-coaster of a round to win the Dubai Desert Classic on Sunday. The 28-year-old bomber from Cadiz clinched the biggest win of his career after an eagle-two at the second, a triple-bogey seven at the eighth, and, above all
Published 14 Feb, 2011 12:00am
AirAsia delays delivery of 10 Airbus A320s

AirAsia delays delivery of 10 Airbus A320s

Malaysian budget carrier AirAsia has delayed the scheduled delivery of ten of its aircraft by three years to 2015, in a bid to switch its order to more fuel-efficient planes, the company said.
Published 14 Feb, 2011 12:00am
Gazprom reports higher earnings

Gazprom reports higher earnings

The world's largest gas firm Gazprom reported a 40 percent rise in nine-month profits whose impact was muted by a sharp drop in third quarter earnings that were attributed to higher costs. The Russian monopoly said in a statement that its net profits for
Published 14 Feb, 2011 12:00am
Sony aims to sell more TVs in 2011/12

Sony aims to sell more TVs in 2011/12

Sony Corp aims to boost flat TV sales in the next business year from April and will vary its procurement of LCD panels to help lower costs and turn its struggling TV operations profitable, a top executive said. Raising sales will be a challenge, given tha
Published 14 Feb, 2011 12:00am
Senegal in bid to revive Airbus jet order

Senegal in bid to revive Airbus jet order

Senegal Airlines, the West African country's relaunched airline, is in talks with Airbus to buy around half a dozen aircaft including two A330 long-haul jets, its chief executive told Reuters. Such a deal would most probably be based on a previous tentati
Published 14 Feb, 2011 12:00am
Emaar net profit falls 62 percent, misses forecast

Emaar net profit falls 62 percent, misses forecast

Emaar Properties, builder of the world's tallest tower, posted a 62 percent fall in fourth-quarter profit, hit by impairments related to its associates and the results missed analysts forecasts. Net profit in the fourth quarter of 2010 fell to 274 million
Published 14 Feb, 2011 12:00am
Emaar net profit falls 62 percent, misses forecast

Emaar net profit falls 62 percent, misses forecast

Emaar Properties, builder of the world's tallest tower, posted a 62 percent fall in fourth-quarter profit, hit by impairments related to its associates and the results missed analysts forecasts. Net profit in the fourth quarter of 2010 fell to 274 million
Published 14 Feb, 2011 12:00am
State-rescued RBS and Lloyds agree to curb bonuses

State-rescued RBS and Lloyds agree to curb bonuses

Britain's state-rescued Royal Bank of Scotland and Lloyds Banking Group announced on February 08 that they will limit their chief executives' bonuses as part of a wide-ranging deal agreed with the government. However, RBS boss Stephen Hester and his LBG c
Published 14 Feb, 2011 12:00am
Mid-sized Asia hedge funds poised for big boost

Mid-sized Asia hedge funds poised for big boost

Mid-sized Asian hedge funds are poised to receive major money inflows this year, as some of the region's biggest managers shut doors to new investors on fears that running bulky portfolios could harm returns.
Published 14 Feb, 2011 12:00am
Mid-sized Asia hedge funds poised for big boost

Mid-sized Asia hedge funds poised for big boost

Mid-sized Asian hedge funds are poised to receive major money inflows this year, as some of the region's biggest managers shut doors to new investors on fears that running bulky portfolios could harm returns.
Published 14 Feb, 2011 12:00am
Algebris to launch first CoCo bond fund

Algebris to launch first CoCo bond fund

Alternative asset manager Algebris Investments is to launch what it says is the first fund to invest in contingent convertible (CoCo) bonds, a new type of hybrid bond that turns into equity under certain conditions. The Basel Committee of banking regulato
Published 14 Feb, 2011 12:00am
Algebris to launch first CoCo bond fund

Algebris to launch first CoCo bond fund

Alternative asset manager Algebris Investments is to launch what it says is the first fund to invest in contingent convertible (CoCo) bonds, a new type of hybrid bond that turns into equity under certain conditions. The Basel Committee of banking regulato
Published 14 Feb, 2011 12:00am
Kindle puts readers & friends on same page

Kindle puts readers & friends on same page

Amazon on February 7 released a preview version of a Kindle software update that puts electronic book readers on the same page with friends still clinging to ink and paper works. Page numbers in tens of thousands of Kindle digital books, including best-se
Published 14 Feb, 2011 12:00am
Second generation iPad in production: WSJ

Second generation iPad in production: WSJ

Apple has started production of a thinner, more powerful version of its popular iPad tablet computers, according to unnamed sources cited by the Wall Street Journal on February 8. The second-generation iPad will have more memory and a front-facing camera
Published 14 Feb, 2011 12:00am
Google translation 'app' hits iPhone

Google translation 'app' hits iPhone

Google software that turns iPhones into interpreters became available at Apple's online App Store on February 8. "The new app accepts voice input for 15 languages, and - just like the web app - you can translate a word or phrase into one of more than 50 l
Published 14 Feb, 2011 12:00am
Android tops iPhone in US: comScore

Android tops iPhone in US: comScore

Google's Android surged past Apple's iPhone last quarter and is closing in on the Blackberry as the most popular smartphone platform in the United States, market tracking firm comScore said on February 7. According to comScore, 63.2 million Americans owne
Published 14 Feb, 2011 12:00am
One-third of EU computers hit by a virus in 2010

One-third of EU computers hit by a virus in 2010

As Europeans cough and sniffle their way through another flu season, new data shows their computers are also quite likely to catch a bug. Despite widespread use of antivirus software, nearly one-third of Internet users in the European Union were infected
Published 14 Feb, 2011 12:00am
Hewlett-Packard takes operating software into its own hands

Hewlett-Packard takes operating software into its own hands

Hewlett-Packard on February 9 announced that it is adding its own operating software to personal computers to augment the capabilities of Microsoft's Windows. HP executives said webOS software from freshly-acquired Palm would complement Windows in machine
Published 14 Feb, 2011 12:00am
Cyber crooks targeting smartphones: McAfee

Cyber crooks targeting smartphones: McAfee

Smartphones have become prime targets for hackers and spammers, computer security firm McAfee said in a report released February 8. The number of pieces of malicious software, referred to as "malware," surged 46 percent last year as compared with 2009, ac
Published 14 Feb, 2011 12:00am
85 percent of US adults own cellphone: survey

85 percent of US adults own cellphone: survey

Mobile phones are the most popular gadget among adult Americans followed by computers, digital music players, game consoles and electronic book readers, according to a new survey. The survey by the Pew Research Centre's Internet & American Life Project fo
Published 14 Feb, 2011 12:00am
Tablets, smartphones to eclipse PCs in 2011: Deloitte

Tablets, smartphones to eclipse PCs in 2011: Deloitte

Sales of tablets and smartphones will outnumber personal computers this year as consumers begin using a wider variety of devices to access the Internet, according to a study by the Deloitte consulting firm.
Published 14 Feb, 2011 12:00am
Nokia needs to make Windows phones hip

Nokia needs to make Windows phones hip

Nokia has scrapped its smartphone software for Microsoft's supercharged mobile operating system. Now a world enamoured by Apple's iPhone and Android handsets needs reason to care. Microsoft is hoping that its alliance with the world's largest mobile phone
Published 14 Feb, 2011 12:00am
Smartphones seen driving travel bookings: Abacus

Smartphones seen driving travel bookings: Abacus

More people are set to book their travels while on the move due to a phenomenal rise in the number of smartphones, with Asia leading the way, a key industry player said on February 9. Abacus International, which provides travel information and reservation
Published 14 Feb, 2011 12:00am
'Thinking cap' makes brain waves in Australia

'Thinking cap' makes brain waves in Australia

Scientists in Australia say they are encouraged by initial results of a revolutionary "thinking cap" that aims to promote creativity by passing low levels of electricity through the brain. The device, which consists of two conductors fastened to the head
Published 14 Feb, 2011 12:00am
Junk food diet linked to lower IQ

Junk food diet linked to lower IQ

Toddlers who have a diet high in processed foods may have a slightly lower IQ in later life, according to a British study described as the biggest research of its kind.
Published 14 Feb, 2011 12:00am
Australia blames mining for greenhouse gas rise

Australia blames mining for greenhouse gas rise

Australia said on February 09 that carbon emissions will rise more than predicted by 2020 in the world's biggest per capita polluter, blaming its Asian-led mining boom. The climate change department predicted Australia's emissions will surge by as much as
Published 14 Feb, 2011 12:00am
South Asia faces rising incidence of heart disease, diabetes

South Asia faces rising incidence of heart disease, diabetes

South Asia is facing a health crisis, with rising rates of heart disease, diabetes and obesity, and patients facing impoverishment as they pay for treatment out of their own pockets, the World Bank said on February 08.
Published 14 Feb, 2011 12:00am
Cancer to kill 1.3 million in Europe this year

Cancer to kill 1.3 million in Europe this year

Fewer than 1.3 million people will die from cancer in Europe this year as death rates from the disease fall, researchers said on February 09, except that more women are dying of lung cancer in every country except Britain.
Published 14 Feb, 2011 12:00am
International cotton market target at two dollars a pound

International cotton market target at two dollars a pound

Now, cotton production in 2010-11 season is estimated around 12.0 million local weight bales as by 31st January, 2011, seed-cotton arrivals had reached equivalent of 11.1 million local weight bales.
Published 14 Feb, 2011 12:00am
International cotton market target at two dollars a pound

International cotton market target at two dollars a pound

Now, cotton production in 2010-11 season is estimated around 12.0 million local weight bales as by 31st January, 2011, seed-cotton arrivals had reached equivalent of 11.1 million local weight bales.
Published 14 Feb, 2011 12:00am
Three children crushed to death, bus torched

Three children crushed to death, bus torched

A speedy passenger bus crushed three children to death at Shahra-e-Liaquat near Akbar Market, here on Sunday. After the accident, angry people set the bus on fire.
Published 14 Feb, 2011 12:00am
'SU to establish links with industry, communities'

'SU to establish links with industry, communities'

Vice Chancellor, University of Sindh, Professor Dr Nazir A. Mughal has said that the varsity will be establishing links with the industry and community and urged upon the faculty members to follow semester rules as a strong part of the community.
Published 14 Feb, 2011 12:00am
South Africa deploys warship to fight piracy

South Africa deploys warship to fight piracy

South Africa has deployed a frigate to the Mozambique Channel off east Africa to help fight the southward creep of piracy, the public broadcaster SABC reported Sunday. The deployment marks the first time South Africa has sent a ship to take part in anti-p
Published 14 Feb, 2011 12:00am
Series of quakes rattle Chile a year after disaster

Series of quakes rattle Chile a year after disaster

Three earthquakes struck central Chile early Sunday, US monitors said, two days after a powerful temblor rattled residents in the quake-prone country. The latest quakes were magnitude 6.0, 5.8 and 5.6, and located some 95 kilometres (60 miles) west of Chi
Published 14 Feb, 2011 12:00am
Opposition protesters back on streets of Bangkok

Opposition protesters back on streets of Bangkok

Thousands of anti-government protesters gathered in Bangkok on Sunday for the latest in a series of rallies calling for the release of their key leaders in prison on terrorism charges.
Published 14 Feb, 2011 12:00am
740 trainers still needed for Afghan forces: Nato

740 trainers still needed for Afghan forces: Nato

More nations are pledging support, yet Nato still faces a shortage of 740 trainers needed to get Afghan soldiers and policemen ready to take the lead in securing their nation, the coalition's top training official says.
Published 14 Feb, 2011 12:00am
Fire on Washington reservation burns several homes

Fire on Washington reservation burns several homes

Dozens of firefighters battled a blaze fuelled by strong winds on Washington's Yakama Indian Reservation that damaged or destroyed 20 homes, officials said. The fire apparently started in one house early Saturday afternoon and then spread in the town of W
Published 14 Feb, 2011 12:00am
US Internet censorship fight falling short

US Internet censorship fight falling short

State Department efforts to combat Internet censorship in China and other countries have fallen short and funding for the drive should be shifted to another US agency, a Senate committee report says.
Published 14 Feb, 2011 12:00am
Venezuela loses $1.5 billion a year in gasoline subsidy

Venezuela loses $1.5 billion a year in gasoline subsidy

Venezuela's state oil company PDVSA loses around $1.5 billion a year through domestic subsidies that make the South American OPEC member's gasoline the cheapest in the world, the energy minister said on Sunday.
Published 14 Feb, 2011 12:00am
Indian boy kills himself after failing dance show audition

Indian boy kills himself after failing dance show audition

A 9-year-old Indian boy hanged himself after he was rejected in auditions for several television dance shows, news reports said Sunday. Sandip Mondal had auditioned for several television reality dance shows, but failed to make the cut, the Indian Express
Published 14 Feb, 2011 12:00am
Iran says Western spies concocting revolt

Iran says Western spies concocting revolt

Western spies are conspiring to ignite an uprising in Iran by recruiting a candidate willing to set himself on fire in an anti-regime protest, the Islamic republic's volunteer militia warned on Sunday. Basij commander Mohammad Reza Naghdi's accusation cam
Published 14 Feb, 2011 12:00am
Gantz appointed new Israel's military chief

Gantz appointed new Israel's military chief

Israel's cabinet on Sunday approved the appointment of Major General Benny Gantz as next chief of staff of the armed forces, ending months of infighting for the post among top generals. A cabinet statement said Gantz had been unanimously approved for the
Published 14 Feb, 2011 12:00am
Sri Lanka flood damage $600 million

Sri Lanka flood damage $600 million

The damage from monsoon flooding in Sri Lanka over the last six weeks is estimated at $600 million, a government minister said Sunday amid a slow response to an international appeal for help. Disaster Management Minister Mahinda Amaraweera said the govern
Published 14 Feb, 2011 12:00am
Cuban political prisoners freed against wishes

Cuban political prisoners freed against wishes

Two political prisoners who had refused to leave prison were freed against their wishes on Saturday as Cuba released more jailed government opponents. Hector Maseda and Angel Moya were among the last of 52 prisoners President Raul Castro agreed to release
Published 14 Feb, 2011 12:00am
Surging inflation

Surging inflation

Inflationary trends in the economy seem to have become entrenched. According to the latest data released by the Federal Bureau of Statistics (FBS), the CPI inflation surged by 14.19 percent in January, 2011, over its corresponding level a year ago, with p
Published 14 Feb, 2011 12:00am
The end of a despot

The end of a despot

President Hosni Mubarak, the despot that ruled Egypt for nearly three decades has been ousted through a peaceful uprising of the Egyptian people that has no precedent either in that country. Egypt is the second domino to fall after Tunisia. Ironically the
Published 14 Feb, 2011 12:00am
Corruption galore!

Corruption galore!

There is general agreement that corruption in Pakistan is endemic. Even the most diehard PPP loyalists accept it, though they are at pains to point out two relevant arguments. First, it is not unique to their leadership and any mechanism designed to speci
Published 14 Feb, 2011 12:00am
US says cutting aid threatens Afghanistan fight

US says cutting aid threatens Afghanistan fight

Congressional plans to slash US foreign assistance, including multibillion-dollar aid to Afghanistan, risk undermining the Obama administration's bid to leave behind a stable nation when it withdraws its troops.
Published 14 Feb, 2011 12:00am
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