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Print - 2009-03-09
Scarcity of superstars

Scarcity of superstars

Sports express the identification of nations. For instance, when we talk about Australia the first thing that comes into our mind is that they are the cricket world champions or Brazil as the football ones.
Published 09 Mar, 2009 12:00am
Five Afghan policemen killed in blast, friendly fire

Five Afghan policemen killed in blast, friendly fire

Three Afghan police were killed in a roadside bomb blast in southern Afghanistan, while a joint patrol of Afghan and US-led coalition troops killed two Afghan policemen in friendly fire in the eastern region, officials said Sunday.In the latest incident,
Published 09 Mar, 2009 12:00am
Thousands flee as cyclone menaces Australian coast

Thousands flee as cyclone menaces Australian coast

Thousands of holidaymakers fled one of Australias top tourist destinations Sunday as a tropical cyclone lashed the countrys north-east coast. Authorities in Queensland state ordered the evacuation of Fraser Island as Tropical Cyclone Hamish approached the
Published 09 Mar, 2009 12:00am
Turkish mosque holds first official Kurdish sermon

Turkish mosque holds first official Kurdish sermon

A state-run mosque in south-eastern Turkey held the countrys first official Kurdish-language sermon this weekend, part of the governments efforts to boost rights for Kurds and meet European Union political standards.
Published 09 Mar, 2009 12:00am
Karzai offers to stay in power until August vote

Karzai offers to stay in power until August vote

Afghan President Hamid Karzai said Sunday he could remain in power after his term ends and until August elections, provided it was agreed by the Supreme Court or via a consensus of tribal leaders. Karzais term ends on May 21, but with presidential electio
Published 09 Mar, 2009 12:00am
Obama tamps down attorney generals racist remarks

Obama tamps down attorney generals racist remarks

President Barack Obama has waded again into the fractious issue of race relations in America, this time to tamp down a firestorm over remarks by his top law enforcement officer. "Im not somebody who believes that constantly talking about race somehow solv
Published 09 Mar, 2009 12:00am
Anwar pushes for change in key Malaysia by-elections

Anwar pushes for change in key Malaysia by-elections

Opposition leader Anwar Ibrahim Sunday urged party loyalists to continue the push for political change in Malaysia and strive for a win in three crucial by-elections next month. Anwar also said the opposition alliance will continue to fight corruption and
Published 09 Mar, 2009 12:00am
Iran hangs convicted murderer

Iran hangs convicted murderer

An Iranian man convicted of murdering a jeweller was hanged on Sunday in the western city of Kermanshah, the state-run television website reported. The report did not identify the culprit but said he had been found guilty of killing a jeweller and stealin
Published 09 Mar, 2009 12:00am
Clinton rolls out foreign policy approach in trip

Clinton rolls out foreign policy approach in trip

Six weeks into the job, US Secretary of State Hillary Clinton is starting to roll out the Obama administrations approach to the most prickly foreign policy challenges from Arab-Israeli peace to Russia. In her second foreign trip which ended early on Sunda
Published 09 Mar, 2009 12:00am
India to prevent future Gandhi auctions

India to prevent future Gandhi auctions

India is preparing legislation to prevent more of Mahatma Gandhis belongings being auctioned off abroad, after a recent sale sparked outrage, the Press Trust of India reported Sunday. A senior official at the ministry of culture told the news agency that
Published 09 Mar, 2009 12:00am
Wall Street still seeks elusive bottom

Wall Street still seeks elusive bottom

Wheres the bottom? Bruised investors on Wall Street keep asking the question after another brutal week of losses. But a growing sense of fear and gloom make it risky to bet that the worst is over for the shrinking economy and stock market.
Published 09 Mar, 2009 12:00am
Japanese government bonds move higher

Japanese government bonds move higher

Japanese government bonds (JGBs) rose on Friday as a slide in Tokyo stocks on worries about the US auto sector and the health of the US banking system led investors to seek safety in government debt.
Published 09 Mar, 2009 12:00am
Tokyo shares may teeter on brink of 26-year lows

Tokyo shares may teeter on brink of 26-year lows

The Tokyo stock market, teetering on the brink of 26-year lows, faces a major test as economic gloom threatens to send the Nikkei below the key 7,000 points level, dealers said Friday.
Published 09 Mar, 2009 12:00am
Torontos index falls to five-year low

Torontos index falls to five-year low

Torontos key stock index ended at its lowest closing level in five years on Friday, as early strength credited to a better-than-expected US jobs report faded, replaced by fears about the severity of the economic downturn.
Published 09 Mar, 2009 12:00am
Japanese government bonds move higher

Japanese government bonds move higher

Japanese government bonds (JGBs) rose on Friday as a slide in Tokyo stocks on worries about the US auto sector and the health of the US banking system led investors to seek safety in government debt.
Published 09 Mar, 2009 12:00am
Asian currencies mostly weaker against dollar

Asian currencies mostly weaker against dollar

Asian currencies were mostly down against the dollar during the week, as lingering concerns about the effect of the global recession on the region spooked investors.
Published 09 Mar, 2009 12:00am
Seoul bourse likely to be range-bound

Seoul bourse likely to be range-bound

South Koreas stock market is expected to be largely range-bound next week given the lack of upside momentum, analysts said on Friday. The KOSPI index closed Friday at 1,055.03, down 10.0 points or 0.9 percent on the previous on Friday.
Published 09 Mar, 2009 12:00am
Philippines shares expected to follow US lead

Philippines shares expected to follow US lead

The Philippines stock market will likely follow the lead of the US economy in the coming week with further bad news on the horizon, dealers said on Friday. "It will go a little sideways. But aside from the earnings reports of some companies, there is no g
Published 09 Mar, 2009 12:00am
Hong Kong shares struggle likely to continue

Hong Kong shares struggle likely to continue

Hong Kong share prices will struggle again, as the dearth of confidence in the United States financial sector continues to pummel investor sentiment, dealers said on Friday. For the week ending March 6, the benchmark Hang Seng Index fell 6.9 percent to 11
Published 09 Mar, 2009 12:00am
Taiwan shares may gain further

Taiwan shares may gain further

Taiwan share prices are expected to gain further amid active rotational buying as investors short cover their positions after recent heavy losses, dealers said. A stronger Taiwan dollar is likely to encourage foreign funds to come in, injecting more capit
Published 09 Mar, 2009 12:00am
London stock market likely to seek recovery after dive

London stock market likely to seek recovery after dive

The London FTSE 100 will be a seeking a quick recovery when traders return on Monday after Europes biggest stock market plunged nearly eight percent to six-year lows this week. Londons FTSE 100 index of leading shares ended the week down 7.82 percent, or
Published 09 Mar, 2009 12:00am
Jakarta shares may set for rebound

Jakarta shares may set for rebound

Indonesian share prices are set for a rebound in the coming week with investors focusing on selected telecoms and banking stocks seen as undervalued at current levels, analysts said Friday. "I expect a technical rebound to take place next week since some
Published 09 Mar, 2009 12:00am
Thai market likely to move narrowly

Thai market likely to move narrowly

The Thai market is likely to move narrowly as no new factors are expected to stimulate trade, an analyst said Friday. The bourse has seen light trading in recent weeks as most investors remain sidelined until the full effects of the global economic downtu
Published 09 Mar, 2009 12:00am
Indian shares likely to track overseas markets

Indian shares likely to track overseas markets

Indian market trends are likely to be determined by overseas markets and foreign fund flows, dealers said. For the week to March 6, the benchmark 30-share Sensex index fell 5.85 percent or 517.39 points to 8,325.82, a near three-year-low.
Published 09 Mar, 2009 12:00am
Egypt bourse inches up

Egypt bourse inches up

Ezz Steel extended its rise on Sunday to a second straight session on its plans to pay a dividend of 1.3 Egyptian pounds ($0.23) per share, helping Egypts benchmark index inch higher. Shares in the largest independent steel producer in the Middle East ros
Published 09 Mar, 2009 12:00am
Australian shares may continue to fall

Australian shares may continue to fall

The Australian stock market is likely to continue to fall with grim news mounting and no reprieve in sight, dealers said on Friday. For the week ending March 6 the benchmark S&P/ASX 200 lost 199 points, or six percent, to close at 3,145.5. Critical US job
Published 09 Mar, 2009 12:00am
Thaksin supporters rally in Thailand

Thaksin supporters rally in Thailand

Up to 1,500 supporters of ousted Thai premier Thaksin Shinawatra gathered in his north-eastern stronghold on Sunday as part of a protest campaign to topple the government, police and organisers said. The group known as the Red Shirts have vowed to take th
Published 09 Mar, 2009 12:00am
FBI to help Bangladesh probe border guards mutiny

FBI to help Bangladesh probe border guards mutiny

A team from the FBI will assist Bangladeshi police investigating last months bloody mutiny by border guards that killed more than 70 people _ mostly army officers, a government minister said Sunday. Police also said Sunday that they have so far arrested 3
Published 09 Mar, 2009 12:00am
China clamps down ahead of key Tibetan anniversary

China clamps down ahead of key Tibetan anniversary

Armored troop carriers and tour buses packed with police roll along the winding mountain roads. Internet service is dead in some places. Military camps fortified with sandbags sit amid Tibetan communities, where strings of prayer flags flutter in the wind
Published 09 Mar, 2009 12:00am
Womens Day marks crisis of poverty, violence for some

Womens Day marks crisis of poverty, violence for some

Indian activists marked International Womens Day on Sunday by protesting over a spate of violent attacks launched on women by religious extremists in the name of "moral policing."
Published 09 Mar, 2009 12:00am
Over 100 Sri Lankan rebels killed: government

Over 100 Sri Lankan rebels killed: government

More than 100 Tamil Tiger rebels have been killed in two days of fighting in Sri Lanka as they tried to break a military stranglehold, the defence ministry said Sunday. They died when the army beat back a series of counter-attacks Friday and Saturday by t
Published 09 Mar, 2009 12:00am
Turkish minister warns Obama against genocide recognition

Turkish minister warns Obama against genocide recognition

Turkeys Foreign Minister Ali Babacan said Sunday there was a "risk" that US President Barack Obama would recognise the massacre of Armenians a century ago as genocide. But Babacan said in an interview with the NTV television channel that such a move would
Published 09 Mar, 2009 12:00am
Sudans Bashir threatens more expulsions in Darfur

Sudans Bashir threatens more expulsions in Darfur

Sudans President Omar Hassan al-Bashir threatened on Sunday to expel diplomats and more aid groups, brandishing a sword at a Darfur rally days after a Hague court issued a warrant for him for war crimes.
Published 09 Mar, 2009 12:00am
Cranach masterpiece stolen from church

Cranach masterpiece stolen from church

Thieves broke into a church in Norway and stole a valuable 16th century painting by the German Renaissance master Lucas Cranach the Elder, police said on Sunday. One or more thieves climbed a ladder and broke a window to enter the church at Larvik, south
Published 09 Mar, 2009 12:00am
Australia in command after another Hughes ton

Australia in command after another Hughes ton

Phillip Hughes powered to his second century of the match as Australia extended their lead over South Africa to 506 at the close on the third day of the second test at Kingsmead on Sunday. Hughes advanced to 136 not out as Australia surged to 292 for thre
Published 09 Mar, 2009 12:00am
Barca back to winning ways as Real held in derby

Barca back to winning ways as Real held in derby

Barcelona returned to winning ways and extended their Primera Liga lead with a 2-0 home victory over Athletic Bilbao on Saturday while Real Madrid were held to a 1-1 draw by city rivals Atletico at the Bernabeu. The win opened up a six-point gap over chas
Published 09 Mar, 2009 12:00am
Sissoko breaks bone in left foot

Sissoko breaks bone in left foot

Juventus midfielder Mohamed Sissoko has broken a metatarsal bone in his left foot which may keep him out for the remainder of the season. "Last night, in the course of the game between Torino and Juventus, Mohamed Sissoko suffered trauma to his left foot
Published 09 Mar, 2009 12:00am
Butt says tours could resume Shortly

Butt says tours could resume Shortly

Pakistan Cricket Board chairman Ejaz Butt said on Sunday his country could host an international team in the next six to nine months and will still co-host the 2011 World Cup.
Published 09 Mar, 2009 12:00am
Sharapova seeing double in comeback bid

Sharapova seeing double in comeback bid

Former world number one Maria Sharapova is to make her comeback from injury by playing doubles at the top tier WTA tournament in Indian Wells next week. The 21-year-old Russian has been sidelined since last August with a serious shoulder injury that has b
Published 09 Mar, 2009 12:00am
Pietersen considering pulling out of IPL

Pietersen considering pulling out of IPL

Former England captain Kevin Pietersen is considering pulling out of the Indian Premier League (IPL) Twenty20 tournament after last weeks militant attack on the Sri Lanka team bus in Pakistan. Pietersen was the most expensive player in last months auction
Published 09 Mar, 2009 12:00am
Bangladesh aiming to reschedule tour by month-end

Bangladesh aiming to reschedule tour by month-end

Bangladesh is making efforts to reschedule the tour of Pakistan cricket team by the end of March. After postponement of Pakistans tour of Bangladesh as per the advice of the government authorities, the Bangladesh Cricket Board (BCB) hopes that they would
Published 09 Mar, 2009 12:00am
BoE to buy 10-15 billion stg of corporate paper: RBC

BoE to buy 10-15 billion stg of corporate paper: RBC

The Bank of England is likely to spend 10-15 billion pounds ($14-$21 billion) buying corporate paper, leaving it 60-65 billion pounds to spend on gilts, John Wraith of RBC Capital Markets said in a note to clients.
Published 09 Mar, 2009 12:00am
BoE to buy 10-15 billion stg of corporate paper: RBC

BoE to buy 10-15 billion stg of corporate paper: RBC

The Bank of England is likely to spend 10-15 billion pounds ($14-$21 billion) buying corporate paper, leaving it 60-65 billion pounds to spend on gilts, John Wraith of RBC Capital Markets said in a note to clients.
Published 09 Mar, 2009 12:00am
England run feast puts West Indies under pressure

England run feast puts West Indies under pressure

Paul Collingwood and Matt Prior cracked centuries in a 218-run partnership to carry England to 546 for six declared on the second day of the fifth and final test against West Indies on Saturday. West Indies in reply raced to 90 for no loss inside 17 overs
Published 09 Mar, 2009 12:00am
Nowhere safe after Lahore attacks, says ICC chief

Nowhere safe after Lahore attacks, says ICC chief

The attacks on the Sri Lankan cricket team in Pakistan have shown that athletes could be a target anywhere in the world, the International Cricket Council chief executive said on Sunday. Haroon Lorgat also said the attack by a small group of heavily armed
Published 09 Mar, 2009 12:00am
Beckham to extend Milan loan in dream deal

Beckham to extend Milan loan in dream deal

David Beckham will stay on loan at AC Milan for the rest of the season before returning to Los Angeles Galaxy although his long-term future remains unresolved. "Im really grateful to the LA Galaxy and AC Milan for making this dream deal happen," the Engla
Published 09 Mar, 2009 12:00am
Wenger fears militant attack on football

Wenger fears militant attack on football

Arsenal manager Arsene Wenger has said he is concerned that militants could attack Premier League clubs but added he had no plans to seek increased security for his side.
Published 09 Mar, 2009 12:00am
Nadal beats Djokovic to give Spain 3-1 Davis Cup win

Nadal beats Djokovic to give Spain 3-1 Davis Cup win

World number one Rafael Nadal beat number three Novak Djokovic 6-4 6-4 6-1 on Sunday to give champions Spain an unassailable 3-1 lead in their Davis Cup world group first-round tie.
Published 09 Mar, 2009 12:00am
Khan gets prize Sarwan wicket for England

Khan gets prize Sarwan wicket for England

England debutant pace bowler Amjad Khan captured the vital wicket of Ramnaresh Sarwan for 14 on Sunday as West Indies reached 176 for three in their first innings at lunch on the third day. West Indies, chasing Englands 546 for six, need a further 171 run
Published 09 Mar, 2009 12:00am
White House announces three Treasury picks

White House announces three Treasury picks

President Barack Obama on Sunday announced his picks for three top Treasury Department posts to fill out the thin ranks under embattled Secretary Timothy Geithner at a time of economic crisis.
Published 09 Mar, 2009 12:00am
China wont adopt national voucher plan: vice minister

China wont adopt national voucher plan: vice minister

China has no plan to issue national vouchers as part of its economic stimulus plan, but Vice Finance Minister Liao Xiaojun encouraged local governments to use them to help spur consumption, the Beijing News reported on Sunday.
Published 09 Mar, 2009 12:00am
Germanys SPD puts pressure on Merkel over Opel

Germanys SPD puts pressure on Merkel over Opel

Germanys Social Democrats (SPD) said their conservative coalition partners risk jeopardising German industry if they fail to help carmaker Opel, in an attack that may set the tone for this years federal election.
Published 09 Mar, 2009 12:00am
Indias Tata Consultancy to lay off 1,300 staffers

Indias Tata Consultancy to lay off 1,300 staffers

Indias largest software company, Tata Consultancy Services, will lay off 1,300 of its employees over the next few months, the Times of India newspaper reported Sunday.Those made redundant will be staff who fail to meet performance standards, it said.
Published 09 Mar, 2009 12:00am
Italy government puts economys fate in construction spree

Italy government puts economys fate in construction spree

Italys government hopes to jump-start the economy and create hundreds of thousands of jobs with a massive public works programme and a home improvement spree worth a combined tens of billions of euros.
Published 09 Mar, 2009 12:00am
Kuwait petrochemical giants profit slips 11 percent

Kuwait petrochemical giants profit slips 11 percent

Kuwaits Equate Petrochemical Co on Sunday reported an 11.2 percent drop in 2008 net profit mainly because of a slide in the price of chemical products. The company, a joint-venture with US Dow Chemical Co, posted a net profit of 683 million dollars in 200
Published 09 Mar, 2009 12:00am
Indias Tata Consultancy to lay off 1,300 staffers

Indias Tata Consultancy to lay off 1,300 staffers

Indias largest software company, Tata Consultancy Services, will lay off 1,300 of its employees over the next few months, the Times of India newspaper reported Sunday.Those made redundant will be staff who fail to meet performance standards, it said.
Published 09 Mar, 2009 12:00am
Iran parliament passes $298 billion budget

Iran parliament passes $298 billion budget

Irans parliament on Sunday approved a budget of 298 billion dollars for the year to March 2010 that was submitted by President Mahmoud Ahmadinejad in January, the official IRNA news agency said. It said the lawmakers were discussing the details, including
Published 09 Mar, 2009 12:00am
Kuwait petrochemical giants profit slips 11 percent

Kuwait petrochemical giants profit slips 11 percent

Kuwaits Equate Petrochemical Co on Sunday reported an 11.2 percent drop in 2008 net profit mainly because of a slide in the price of chemical products. The company, a joint-venture with US Dow Chemical Co, posted a net profit of 683 million dollars in 200
Published 09 Mar, 2009 12:00am
Malaysia to unveil new economic stimulus plan

Malaysia to unveil new economic stimulus plan

Malaysia will this week unveil a second stimulus plan worth up to 9.4 billion dollars in a bid to prevent its export-driven economy sliding into recession, a government official said.
Published 09 Mar, 2009 12:00am
Iran says co-operation with non-Opec necessary: IRNA

Iran says co-operation with non-Opec necessary: IRNA

Irans oil minister called for co-operation between crude producers inside and outside Opec, saying it was necessary in view of the global economic downturn, the official IRNA news agency reported.
Published 09 Mar, 2009 12:00am
Saudi to expedite work on two gas fields

Saudi to expedite work on two gas fields

Top oil exporter Saudi Arabia will expedite work on two offshore gas fields in the kingdom as it seeks to meet growing domestic energy demand, the weekly Middle East Economic Survey (MEES) reported. A spokesman with state oil giant Saudi Aramco declined t
Published 09 Mar, 2009 12:00am
Japanese welfare rolls at record high in January

Japanese welfare rolls at record high in January

A major national daily newspaper says the number of Japanese households on welfare hit a record high in January amid mounting job losses and an ever-deepening recession. Calculations by the Asahi newspaper say that almost 1.17 million households received
Published 09 Mar, 2009 12:00am
Nissan to cut costs in line with sales

Nissan to cut costs in line with sales

Nissan Motor Co aims to get through the industry downturn by cutting costs at the same pace as a fall in revenues, a top executive at Japans third-biggest automaker said.
Published 09 Mar, 2009 12:00am
Sharia banks need common risk management system

Sharia banks need common risk management system

The Islamic finance industry needs a common risk management system to police institutions now guided by voluntary standards and ill-fitting conventional rules, a banker and an asset manager said on March 04. The sharia finance industry is a global reservo
Published 09 Mar, 2009 12:00am
Nissan to cut costs in line with sales

Nissan to cut costs in line with sales

Nissan Motor Co aims to get through the industry downturn by cutting costs at the same pace as a fall in revenues, a top executive at Japans third-biggest automaker said.
Published 09 Mar, 2009 12:00am
Cyprus bourse plans alternative small cap market

Cyprus bourse plans alternative small cap market

The Cyprus Stock Exchange plans to create a small cap alternative trading market with less regulation, slated for launch in the middle of 2009, the bourses general manager said on March 03.
Published 09 Mar, 2009 12:00am
Mazda aims to defend European market share

Mazda aims to defend European market share

Mazda Motor Corp aims to defend its share in the sinking European market as it rolls out the remodelled Mazda3 compact car - its best-selling car - later this year, a top executive said. Mazdas sales in Europe rose 9.2 percent to about 340,000 in 2008, li
Published 09 Mar, 2009 12:00am
Adidas sees 2009 profit fall

Adidas sees 2009 profit fall

Adidas is looking ahead to a year of slower growth as the global downturn bites, it said on March 04 after reporting forecast-beating results for the final quarter of 2008. The worlds second-biggest sporting goods maker after Nike said it expects group sa
Published 09 Mar, 2009 12:00am
Adidas sees 2009 profit fall

Adidas sees 2009 profit fall

Adidas is looking ahead to a year of slower growth as the global downturn bites, it said on March 04 after reporting forecast-beating results for the final quarter of 2008. The worlds second-biggest sporting goods maker after Nike said it expects group sa
Published 09 Mar, 2009 12:00am
Mazda aims to defend European market share

Mazda aims to defend European market share

Mazda Motor Corp aims to defend its share in the sinking European market as it rolls out the remodelled Mazda3 compact car - its best-selling car - later this year, a top executive said. Mazdas sales in Europe rose 9.2 percent to about 340,000 in 2008, li
Published 09 Mar, 2009 12:00am
Acer expects first quarter growth in Germany

Acer expects first quarter growth in Germany

Taiwans Acer Inc, the worlds third-biggest PC maker, expects to grow in Germany in the first quarter compared with the same period last year, the head of its German unit told Reuters. "We have not experienced a slump in business in Germany," Stefan Engel
Published 09 Mar, 2009 12:00am
Acer expects first quarter growth in Germany

Acer expects first quarter growth in Germany

Taiwans Acer Inc, the worlds third-biggest PC maker, expects to grow in Germany in the first quarter compared with the same period last year, the head of its German unit told Reuters. "We have not experienced a slump in business in Germany," Stefan Engel
Published 09 Mar, 2009 12:00am
Rio Tinto sees rough year ahead

Rio Tinto sees rough year ahead

Global miner Rio Tinto expects 2009 to be a rough year in terms of both prices and volumes for key commodities, the firms chief economist said on March 04. Vivek Tulpule, speaking to Reuters on the sidelines of a conference, said a pickup was possible in
Published 09 Mar, 2009 12:00am
Rio Tinto sees rough year ahead

Rio Tinto sees rough year ahead

Global miner Rio Tinto expects 2009 to be a rough year in terms of both prices and volumes for key commodities, the firms chief economist said on March 04. Vivek Tulpule, speaking to Reuters on the sidelines of a conference, said a pickup was possible in
Published 09 Mar, 2009 12:00am
Gazprom to up 2009 UK commercial gas sales

Gazprom to up 2009 UK commercial gas sales

The British retail unit of Russian gas giant Gazprom will increase commercial gas sales to end-users in Britain by two-thirds this year, a senior executive told Reuters.
Published 09 Mar, 2009 12:00am
Saab chief executive targets new buyer within three months

Saab chief executive targets new buyer within three months

Swedish carmaker Saab is hoping to find a new investor within three months, promising profitability even with a volume of as little as 150,000 vehicles sold, its chief executive told Reuters in an interview.
Published 09 Mar, 2009 12:00am
Swisscom posts 15 percent slide in profits

Swisscom posts 15 percent slide in profits

Swiss telecommunications group Swisscom on March 04 said its 2008 profit fell 15.1 percent to 1.756 billion Swiss francs due to one-off charges, including the early termination of a leasing agreement.
Published 09 Mar, 2009 12:00am
Swisscom posts 15 percent slide in profits

Swisscom posts 15 percent slide in profits

Swiss telecommunications group Swisscom on March 04 said its 2008 profit fell 15.1 percent to 1.756 billion Swiss francs due to one-off charges, including the early termination of a leasing agreement.
Published 09 Mar, 2009 12:00am
Sony TVs to have electronic money function

Sony TVs to have electronic money function

Sonys new liquid crystal display televisions will have an electronic money function to make it easier for users to pay to watch movies and programmes, the company said on Monday. Sonys Bravia W5 and F5 series will be equipped with electronic money card re
Published 09 Mar, 2009 12:00am
Skype plans to charge for new services

Skype plans to charge for new services

Skype, the popular phone-like service that lets people talk free over the web, plans a set of new services which it will charge for, chief operating officer Scott Durchslag said on Wednesday at the CeBIT trade show in Germany.
Published 09 Mar, 2009 12:00am
Venezuela unveils 14-dollar mobile phone

Venezuela unveils 14-dollar mobile phone

Venezuela is to start selling in May a mobile phone it is billing as one of the worlds cheapest: a 14-dollar handset that includes an MP3 player, radio and camera. President Hugo Chavez unveiled the phone - named "El Vergatario" - on Thursday, saying it w
Published 09 Mar, 2009 12:00am
YouTube Symphony Orchestra selected

YouTube Symphony Orchestra selected

The YouTube Symphony Orchestra is tuning up and getting ready to play. YouTube has selected the winners of its contest to create the worlds first online orchestra, choosing more than 90 professional and amateur musicians from over 30 countries through aud
Published 09 Mar, 2009 12:00am
Internet Explorer to come with off switch in Windows 7

Internet Explorer to come with off switch in Windows 7

Microsoft said on Friday that a control panel in its next-generation computer operating system will let users shut off Internet Explorer 8 and other built-in programmes. The news comes less than two months after the European Commission sent Microsoft a St
Published 09 Mar, 2009 12:00am
Germans cant imagine life without Web: poll

Germans cant imagine life without Web: poll

Despite a rising tide of cyber-fraud, cyber-stalking and spam, the vast majority of Germans say the Web has changed their lives for the better, a study released on Monday showed.
Published 09 Mar, 2009 12:00am
Microsoft testing new Internet search engine Kumo

Microsoft testing new Internet search engine Kumo

Microsoft on Tuesday confirmed it is testing a new Internet search engine it hopes will power the US software giant out of distant third place in a market dominated by Google. A Kumo.com search engine being privately tested by Microsoft workers is reporte
Published 09 Mar, 2009 12:00am
Google lets patients share health records

Google lets patients share health records

Google is letting patients share electronic medical records with loved ones or care providers who may be needed to help in emergencies. The decision to let people selectively allow others to glimpse medical profiles results from feedback it has gotten sin
Published 09 Mar, 2009 12:00am
Warning of catastrophic Web security

Warning of catastrophic Web security

German authorities on Tuesday warned against the "catastrophic" state of security on the Internet, with growing armies of viruses, worms and Trojan horses unleashed by ever savvier criminals.
Published 09 Mar, 2009 12:00am
Apple unveils beefed-up Macintosh desktop

Apple unveils beefed-up Macintosh desktop

Apple on Tuesday unveiled beefed-up Macintosh desktop computers in a revamped line it touts as offering more muscle for buyers money. The "flagship" of the iMac line is a new 24-inch model with enhanced graphics and memory capabilities. It has the same 1,
Published 09 Mar, 2009 12:00am
Facebook revamps for quick news, wide audience

Facebook revamps for quick news, wide audience

Facebook on Wednesday unveiled a redesign that gives users instant updates about friends and provides a platform for stars, politicians and others to reach mass audiences. Facebook will begin shifting users to a new home page design on March 11 and posted
Published 09 Mar, 2009 12:00am
How to get a good nights sleep

How to get a good nights sleep

Unlike what most people believe, sleeping is not just a lazy pastime. It is an active state essential for mental and physical restoration. Recent studies on sleep disorders have shown that a significant number of people of all ages fail to get a good nigh
Published 09 Mar, 2009 12:00am
Too much TV linked to higher asthma risk

Too much TV linked to higher asthma risk

Children who watch television for more than two hours a day have twice the risk of developing asthma, British researchers said. Asthma affects more than 300 million people world-wide and is the most common childrens chronic illness. Symptoms include wheez
Published 09 Mar, 2009 12:00am
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