A US debt that is topping $12 trillion is raising fresh questions about the cost of President Barack Obama's proposed healthcare overhaul, but those concerns are unlikely to sink the legislation.
Honduras' Supreme Court ruled on Wednesday that ousted President Manuel Zelaya cannot legally return to office, dimming the possibility of his reinstatement after a June coup, court sources said.
South Korean railway workers Thursday went on strike to cripple the nation's cargo train service after talks with management over working conditions failed, officials said. The 25,000-strong union of KORAIL, the country's railway monopoly, said about 16,0
Military-ruled Myanmar's rebel ethnic groups are increasingly cashing in their illegal drugs hordes on expectations of a junta crackdown, a UN expert said Thursday.
Lebanon's new cabinet has agreed on a policy statement that acknowledges Hezbollah's right to use its weapons against Israel, despite disagreement by some members of the ruling majority. Information Minister Tarek Mitri said late Wednesday after a cabinet
The US Secret Service is investigating how two aspiring reality TV stars beat several layers of security to gatecrash President Barack Obama's first White House state dinner.
Twenty-seven journalists were among 57 people killed in a massacre in the southern Philippines blamed on an ally of President Gloria Arroyo, the military said Thursday. The dead also included up to 15 motorists who, like the reporters, had no known quarre
The principal suspect in the grisly killing of 57 people in the southern Philippines surrendered Thursday to a senior aide of President Gloria Macapagal Arroyo, who has been criticized for her government's timid response to the carnage.Police immediately
The Roman Catholic archdiocese of Dublin obsessively covered up widespread sexual abuse of children by priests until the mid-1990s in a misuse of the Church's central role in Irish society, an official report said on Thursday.
New Delhi authorities have been paying salaries to 23,000 non-existent employees at a cost of more than 40 million dollars annually, a statement from the mayor's office said Thursday. The discrepancy was discovered after Kanwar Sain, mayor of the Indian c
Eritrean President Isaias Afwerki said the international community would regret moves to impose sanctions on the country, a government website said on Thursday. The UN Security Council is reviewing draft plans for punitive measures against the Red Sea sta
Sindh Government Press (SGP), Sui Southern Gas Company (SSGC), Islamabad's Ravi Club forced their way into elimination phase of Pakistan Football Federation (PFF) League 2009 on Thursday when they join Sahiwal's Young Blood, Quetta's Baloch FC, Pakistan T
Indian fast bowler Shanthakumaran Sreesanth grabbed six wickets on his comeback to leave Sri Lanka facing an innings defeat in the second Test on Thursday. The 26-year-old captured five for 75 to dismiss Sri Lanka for 229 in the first innings and help Ind
Pakistan were 307-8 at stumps on the third day of the first cricket Test against New Zealand at University Oval in Dunedin, a first innings deficit of 122. Umar Akmal, 19, top scored with 129 - the 11th Pakistani to make a hundred on debut - while Shane B
The much-anticipated Spanish league showdown between champions Barcelona and their arch-rivals Real Madrid later this weekend will be shown in cinemas across the country, broadcast rights holder Mediapro said Wednesday.
Cristiano Ronaldo ended two months of injury torment with a 20-minute appearance as Real Madrid put one foot in the Champions League knockout phase with a 1-0 Group C home win over FC Zurich on Wednesday.
Rafael Nadal will not be carrying home any fond memories from his trips to London this year after he became the first player to be knocked out of the ATP World Tour Finals on Wednesday.
Sabzazar's famous Roma Football Club continued their giant-killing act in final when they caused sensational solitary goal win over formidable Real Lahore to win the title of All Punjab Model Town Soccer Cup at Fame Sports Academy Ground, A-B Garden, Mode
Malaysia plans to impose a goods and services tax, likely from 2012, in a bold but potentially unpopular move to boost revenues as it faces its largest budget deficit in more than 20 years. A top Malaysian finance official said on Thursday that the long p
US President Barack Obama is paying a price for a recession that began before he took office, and fellow Democrats have started to balk at his legislative agenda and demand greater efforts to create jobs.
DSG International, Europe's No 2 electricals retailer reported a pick-up in sales in recent weeks helped by store upgrades and demand for Microsoft's new Windows 7, giving it confidence for Christmas.
DSG International, Europe's No 2 electricals retailer reported a pick-up in sales in recent weeks helped by store upgrades and demand for Microsoft's new Windows 7, giving it confidence for Christmas.
Investment by Australian businesses slipped unexpectedly last quarter but a sharp upward revision to spending plans supported policy makers' optimism about the economy and left intact the case for an imminent rise in interest rates.
The European Union is looking to tighten regulations on websites selling travel packages, a move to protect consumers better when tour operators fail. The plan is a response to the huge increase in people booking holidays online, particularly "dynamic pac
The Japanese finance minister and one of his deputies said they had no plans to intervene to try to stop the yen's rise as it jumped to a 14-year high on Thursday, saying current moves were led by the dollar's fall. "We are not considering intervention ri
Tata Steel posted a second consecutive consolidated quarterly net loss, but the world's No 8 steelmaker by output expects a sharp improvement in the second half of the fiscal year to March on reviving demand.
Tata Steel posted a second consecutive consolidated quarterly net loss, but the world's No 8 steelmaker by output expects a sharp improvement in the second half of the fiscal year to March on reviving demand.
The Federal Reserve's zero interest rate policy is provoking growing complaints from some economists who argue it is doing little to spark lending activity and may be fuelling new asset bubbles. Few expect any immediate hike in the federal funds rate, whi
Brazil's jobless rate fell in October to its lowest level since December, underscoring the momentum gathering behind a recovery in Latin America's largest economy. The rate fell to 7.5 percent in October from 7.7 percent in September, statistics agency IB
Taiwan's economy grew at a solid pace in the third quarter on an annualised basis, as domestic demand and exports picked up, backing views the central bank will start lifting rates as early as in the first quarter of next year.
The yuan fell slightly against the dollar in key offshore non-deliverable forwards (NDFs) on Thursday as the US Thanksgiving Day holiday made trading sluggish in overseas markets, offsetting the impact of a globally weak dollar, traders said. Benchmark on
The dollar tumbled to a 14-year low against the yen on Thursday and struck a 1-1/2 year low on the Swiss franc, extending its broad slide on ultra-low US interest rates, even as Japan signalled it had no plans to step in to stem the yen's rise.
The US dollar fell to a more than 15-month low against a basket of six currencies on Wednesday a day after the Federal Reserve indicated the greenback's decline was orderly and that US interest rates would remain low for some time. The euro broke above $1
The Hong Kong dollar was steady at the top of its trading band against the US dollar on Thursday, despite a drop in the stock market. Dealers said inflows of funds would likely remain parked in the territory. The currency is pegged to the US dollar, which
The Australian dollar fell to its lowest level in over three weeks against the yen on Thursday, after the Japanese currency broke a key resistance level that sent it surging against major currencies. A view the US dollar could weaken further sparked the r
The Thai baht inched up to its highest in 17 months against the dollar on Thursday, while the Philippine peso fell after data showed the economy grew at a slower-than-expected pace in the third quarter. The dollar tumbled to its lowest in 14 years against
The Swiss franc fell against the dollar and the euro on Thursday after hitting fresh highs against both currencies, with traders citing intervention from the Swiss National Bank. Both the SNB and the Bank for International Settlements (BIS) - which trader
A helicopter belonging to a military contractor has gone missing in Afghanistan and Nato forces are helping search for it, a spokeswoman said on Thursday.
Guinean soldiers raped at least 100 women during a crackdown on protesters in September, a human rights group said on Thursday. The findings were released as United Nations experts began to investigate the repression, in which about 160 people were killed
Britain's Tony Blair may have swung behind US calls for regime change in Iraq after meeting President George W. Bush at his Texas ranch in 2002, a top diplomat told an inquiry into the war on Thursday.
China unveiled its first firm target to curb greenhouse gas emissions on Thursday, a carbon intensity goal that Premier Wen Jiabao will take to climate talks next month as his country's central commitment. The announcement came a day after the United Stat
About 310 people have been evacuated from their homes after a large fire swept through a block of flats in south London in the early hours of Thursday, police said. Dozens of fire-fighters were tackling the blaze in Peckham and some 20 ambulance crews wer
A spate of attacks in Iraq killed seven people and struck a church and a convent on Thursday, with one bomb at a busy market claiming three lives as shoppers stocked up for a Eidul-Azha holiday. Two home-made bombs exploded in the market in Mussayib, 60 k
Somali pirates said they freed a Greek ship on Thursday that they hijacked more than six months ago as it sailed to the Middle East from Brazil. But there were contradictory reports about whether the Maltese-flagged vessel had actually been released, and
Two journalists from Canada and Australia flew out of Somalia on Thursday at the end of a 15-month hostage ordeal during which they were tortured and shackled in windowless rooms by their captors.
Israel's foreign minister on Thursday shrugged off the Palestinian dismissal of a 10-month moratorium on some building in West Bank settlements, saying winning international support was more important.
A session of the Serbian parliament was interrupted Thursday when a member of the opposition Radical Party threw her shoes at the chairman of the parliamentary session, Belgrade media reported. The shoes missed their target but the session was interrupted
A student opened fire at a university in the southern Hungarian city of Pecs on Thursday, killing one student and wounding three other people, a university spokesman said. Zoltan Gyorffy, press chief of Pecs University, told Reuters the shooting happened
Venezuelan President Hugo Chavez received Iranian President Mahmoud Ahmadinejad Wednesday in Caracas as a "friend and brother" with full military honours. The left-wing Chavez and arch-conservative Ahmadinejad, united in their animosity toward the United
An Iranian court has sentence leading reformist Behzad Nabavi to six years in prison for his part in June demonstrations but freed him on bail pending a possible appeal, his lawyer told AFP on Thursday. It was the latest in a string of tough jail terms ha
The Indian rupee tumbled from a one-week high on Thursday as debt problems in Dubai hit the stock market, boosted the dollar and raised concerns that risk aversion may temper foreign inflows. The partially convertible rupee ended at 46.44/45 per dollar, o
Sterling fell on Thursday, hitting its weakest in a month against the euro and a basket of currencies, on worries about British banks' potential exposure to debt problems in Dubai. Dubai's shock move on Wednesday to restructure Dubai World, and delay repa
The dollar gained sharply in holiday-thinned trade on Thursday as renewed risk aversion prompted investors to shed riskier assets. A more than 3 percent fall in European stocks and a 2 percent drop in US futures encouraged traders to trim positions that i
The interbank cost of borrowing euros held steady on Thursday after rising for three straight days as data showed cash-flush banks were still reluctant to lend it onto the wider economy.
Philippines share prices closed 0.83 percent higher on Thursday with mining stocks in demand on rising metal prices, dealers said. The composite index added 25.52 points to 3,089.82, while the all shares index gained 0.46 percent or 8.78 points to 1,910.7
European shares slipped 3.3 percent on Thursday to record their biggest one-day percentage drop in seven months as concerns about debt problems in Dubai weighed on the market, with banks the major fallers. The pan-European FTSEurofirst 300 index of top sh
European credit derivative indices widened on Thursday as European equities sold off over worries about potential bank exposure to Dubai. By 1553 GMT, the investment-grade Markit iTraxx Europe index was at 88.3 basis points, according to data from Markit,
European credit derivative indices widened on Thursday as European equities sold off over worries about potential bank exposure to Dubai. By 1553 GMT, the investment-grade Markit iTraxx Europe index was at 88.3 basis points, according to data from Markit,
Indian stocks fell two percent on Thursday as investors took profits in index heavyweights on the back of weakening global markets, dealers said. The benchmark 30-share Sensex index ended down 344.02 points at 16,854.93. Weak global markets triggered prof
Britain's top shares ended at a three-week closing low on Thursday, pressured by hefty falls in the banking sector as concerns over Dubai's ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 percent, or 170.68 points, at 5,194
France's headline unemployment rose 52,400 in October, the largest rise since April, data from the economy ministry showed on Thursday, confirming expectations for a worsening labour market. The monthly data showed the headline jobless total in the eurozo
Twenty-two developing countries are close to an agreement on cutting tariffs that could be signed when ministers gather here next week for a World Trade Organisation meeting, diplomats told AFP Thursday.
Japan's government made some of its most pointed remarks to the Bank of Japan at its Oct. 30 policy meeting about the need for action to combat deflation, underlining the simmering row between the two over how best to handle the economy.
The European parliament on Thursday urged EU nations to delay a planned EU accord allowing the United States to use data about European citizens in anti-terror investigations. EU interior ministers meeting in Brussels on Monday - their last official talks
A Civil Aviation Authority spokesman on Thursday clarified a news item published in a section of the press on November 20, 21 and 22 regarding bureaucrats who allegedly benefited from the NRO.
Seafood exports during October 2009 witnessed positive growth of 37.85 percent as compared to the exports of September 2009. Fish and fish preparation exports were recorded at $24.826 million during October 2009 as compared to the exports of $18.009 milli
Pakistan on Thursday expressed deep concern over the report of Federation Indian Chamber of Commerce and Industry (FICCI) about its anti-Pakistan suggestions.
Cotton Yarn is being exported on lesser average unit price of 1.91 dollar per kg at present as compared to earlier year's average unit price of 2.06 dollar in 2005-06, 2.15 dollar in 2006-07 and 2.34 dollar in 2007-08 respectively not withstanding the cur
In defence of being identified as one of the top 10 most corrupt institutions in Pakistan by the Transparency International (TI), well placed sources in the Capital Development Authority (CDA) maintained that no solid evidence against the Authority was pr
Special Investigation Unit (SIU) of Karachi Police on Thursday morning arrested two persons after an encounter and recovered a kidnapped boy who was being kept in chains. The accused arrested from Pir Bux Goth in the jurisdiction of Police Station Gulshan
Sindh Minister for Population Welfare, Syed Ali Mardan Shah on Thursday distributed Rs 4.650 million among the heirs of employees of Sindh Population Welfare Department of Grade 1-18, who had passed away during service. The Minister presented cheques of t
Cold and cough may sound to be benign, yet their manifestations, as irritation in throat, choked nostrils, headache are quite distressing for the sufferer. Dr Zahid Qureishi, a senior physician said cold and cough causes nostril inflammation among all age
International Bank for Reconstruction and Development (IBRD) will provide US $125 million for Karachi Port Improvement Project at the end of current fiscal year to replace the lost port capacity and reduce shipping costs to the Pakistan economy through th
The Defence Housing Authority (DHA) has announced the timings of Eid ul Azha prayers at the DHA mosques. An announcement on Thursday said that the Eid namaz will be held at 7.30am at Masjid Mustafa 2B East Street Phase I, Masjid Abul Qasim M-17 Staff Lane
District Coordination Officer (DCO) Sukkur, Abdul Majeed Pathan has said that offal will be removed from all areas of the Sukkur city after Eid-ul-Azha. The work of removing and destroying offal of the sacrificial animals this year will be carried out swi
The Auto Teller Machines (ATMs) would remain open and continue smooth functioning during Eid-ul-Azha holidays to facilitate the customers. The bank managements have made special arrangements and would keep sufficient cash in ATM machines to ensure that cu
The Federal Board of Revenue's latest advertisement in the newspapers ("Everyone has to pay tax") is intimidating and in bad taste, to say the least. The change in the tone and tenor of this department, after September 30, baffles me. Earlier, the FBR was
I would request the politicians to stop blaming Musharraf for their mistakes now, it has been more than two years Musharraf is practically out of decision making, he is history now. These politicians have sufficient time to reverse the so called decisions
Earthmovers lay paths and workers clear the undergrowth with a pace of urgency that the derelict Union Carbide factory site in Bhopal has not known in a quarter of a century. A pesticide tank at the plant leaked deadly gas shortly after midnight of Decemb
Without the slightest doubt, for decades at a stretch, Balochistan suffered because, while area-wise it is the largest province, given its small population it could not enjoy even a shred of the clout enjoyed by the Punjab or Sindh (courtesy the mega city
The root-cause of trouble in our region is "cross-border terrorism" - a phenomenon that cannot be understood in isolation of the New Great Game unleashed by imperialist and neo-imperialist forces. Onslaughts of Jihadists in the wake of Talibanization of A
At a joint sitting of the two houses of Parliament, specially convened for the purpose, the government unveiled its much-awaited Balochistan package. To keep the door open for further reforms the package has been named "Aghaz-e-Haqooq-e-Balochistan" which
Governor State Bank of Pakistan, Syed Salim Raza, revealed that currently the country's premier bank is working to establish an infrastructure development bank and a mortgage refinance company under public-private partnership.
The Benazir Income Support Programme has signed an agreement with United Bank Limited (UBL) to pay benefits to 318,126 families of Swat and Malakand through visa cards. The process to issue these cards to the IDPs will be initiated in the first week of De
An accountability court on Thursday awarded sentence of seven years rigorous imprisonment along with fine to a private Hajj tour operator for embezzling Rs 40.038 million from 59 intending pilgrims.
A conference on modernising the country's agriculture will be organised at a local hotel on December 5. An announcement here on Thursday said that the moot was aimed at providing a forum for all the stakeholders to interact and listen to presentations fro
Ambassador of China to Pakistan, Luo Zhaohui called on Minister for Interior Rehman Malik on Thursday and discussed issues of bilateral interest. Rehman Malik said that Pakistan gives best value to its relations with China and their exemplary friendship i
Zahid Hussain, a scholarship holder of the Higher Education Commission (HEC), has won the prestigious "Certificate of Inventor" award of Technical University, Graz, Austria. His product "Mamtam" was selected from top five under the category of Public Forw
Japan will extend financial support of Rs4.4 million to the "The Citizens Foundation (TCF)", a non- governmental organization, under the "Grant Assistance for Grassroots Human Security Projects" for the extension of primary school in Dina Nath, Bhai Phero
As the countrymen are about to observe Eid-ul-Azha on Saturday, it is imperative to remember the sacrifices made by our martyrs in flushing out militants and bringing peace to Swat, Malakand, DI Khan, South Waziristan and other parts of the country.
In order to keep environment safe on Eid days, butchers should be trained in a way that they could manage the animals waste and draining off their blood after slaughtering them, said an expert on Thursday. Lack of adequate slaughterhouses and arrangements
On the directions of DCO, Saeed Wahlah, the municipal services department has established various complaint centres on town level for the monitoring of the cleanliness in the city during Eid-ul-Azha days.
The district administration has sent 5 truckload of relief goods to Dera Ismail Khan to help the operation affectees of South Waziristan. The trucks were sent from the office of Faisalabad Chamber of Commerce and Industries (FCCI) under the supervision of
Children make up more than half of Pakistan's population and yet the powers in the corridors cannot hear their voices, calling for help to solve their issues of quality education, good health, freedom from child labour and opportunities to live a happy li
Kashmiri Muslims dwelling either side of the Line of Control and rest of the world will celebrate Eid-ul-Azha on Saturday (Nov 28) with traditional religious fervour and devotion with the renewal of the resolve to continue acting upon and upholding the te