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Print - 2009-12-28
Gulf needs better bankruptcy rules to serve sukuk

Gulf needs better bankruptcy rules to serve sukuk

The near-default of Dubai developer Nakheel's Islamic bond will trigger calls for better bankruptcy rules in the Gulf as investors wake up to legal and financial risks now that the boom years are over.
Published 28 Dec, 2009 12:00am
Concept of judicial Independence

Concept of judicial Independence

The judiciary as a custodian of the constitution and guarantor of the fundamental rights of the people is not only considered as the most sanctimonious organ of the state machinery, but also a foundation on which civilisations are built.
Published 28 Dec, 2009 12:00am
Whose fault is tight commercial property lending?

Whose fault is tight commercial property lending?

In early December, Simon Property Group Inc, the largest US real estate investment trust and mall owner, obtained a slightly larger revolving credit facility to replace an existing one. Curiously, the existing $3.5 billion credit line was not due to expir
Published 28 Dec, 2009 12:00am
No let-up in flight bomb risk

No let-up in flight bomb risk

Is air travel any safer from militant attacks, three years after a group of men tried to blow up transatlantic airliners using liquid explosives? For many analysts the balance of risk looks little changed: While the industry has tightened security, attack
Published 28 Dec, 2009 12:00am
Benazir remembered

Benazir remembered

Leaders are always the personalities in focus for the people. People follow and learn many things through their intellectual decisions. They are the voices of thousands and millions of people. People have expectations of them. Shaheed Benazir Bhutto was o
Published 28 Dec, 2009 12:00am
War on terror and world's responsibility

War on terror and world's responsibility

President Zardari rightly pointed out to the French defence chief, who met him on December 22, that the monster of militants and extremists was created by the international community in the past to fight the rival ideology and that it was their responsibi
Published 28 Dec, 2009 12:00am
US asks Israel to clarify deadly West Bank raid

US asks Israel to clarify deadly West Bank raid

Washington has questioned Israel over a deadly West Bank raid over the weekend that killed three members of Palestinian president Mahmud Abbas's Fatah movement, an Israeli official said on Sunday. Washington has passed on the Palestinians' concerns over w
Published 28 Dec, 2009 12:00am
US special forces step up operations in Afghanistan

US special forces step up operations in Afghanistan

US special forces have stepped up counterterrorism missions against some of the most lethal groups in Afghanistan and plan an even bigger expansion next year, The New York Times reported late Saturday.
Published 28 Dec, 2009 12:00am
Six dead, 20 missing after new Philippine ferry disaster

Six dead, 20 missing after new Philippine ferry disaster

At least six people died and 20 were missing after a small inter-island ferry sank in waters south of the Philippine capital, the coast guard said Sunday, the second sea disaster in three days. The MV Baleno-9, carrying 88 passengers and crew, began listi
Published 28 Dec, 2009 12:00am
Nigerian charged with trying to blow up US airliner

Nigerian charged with trying to blow up US airliner

US investigators on Sunday tried to piece together terrorism connections of a Nigerian man who has been charged with attempting to blow up a US jetliner after reportedly confessing that he had been trained by al Qaeda in Yemen.
Published 28 Dec, 2009 12:00am
Netanyahu to visit Egypt on December 29

Netanyahu to visit Egypt on December 29

Israeli Prime Minister Benjamin Netanyahu said on Sunday he would hold talks in Egypt on Tuesday with President Hosni Mubarak to seek ways to promote Middle East peacemaking. "I believe we have an interest in moving the peace process forward in a variety
Published 28 Dec, 2009 12:00am
Nigerian 'bomber' devout, broke contact: family

Nigerian 'bomber' devout, broke contact: family

A Nigerian charged with trying to blow up a US airliner was a devout Muslim who had broken contact with his family several weeks ago, relatives stunned by his attempted attack told AFP Sunday.
Published 28 Dec, 2009 12:00am
Obama orders security review after plane attack: White House

Obama orders security review after plane attack: White House

US President Barack Obama has ordered two security "look-back reviews" including on watch-list procedures, after a Nigerian man tried to blow up a US-bound airliner on Christmas Day, the White House said Sunday.
Published 28 Dec, 2009 12:00am
Gaza marks year since start of deadly Israeli war

Gaza marks year since start of deadly Israeli war

Sirens wailed across the Gaza Strip on Sunday as the still-devastated Hamas-ruled enclave marked one year since the start of Israel's deadliest offensive ever launched on the territory.
Published 28 Dec, 2009 12:00am
Two Hamas members among three killed in Beirut blast

Two Hamas members among three killed in Beirut blast

Three people were killed in a mysterious blast in Hezbollah's stronghold in southern Beirut, security officials said on Sunday, including two members of the Palestinian Islamist group Hamas. "The death toll from Saturday night's explosion has risen to thr
Published 28 Dec, 2009 12:00am
$4 million ransom paid for chinese ship: Somali pirates

$4 million ransom paid for chinese ship: Somali pirates

A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said. The De Xin Hai and its 25 crew were carrying about 76,000 tonnes of coal
Published 28 Dec, 2009 12:00am
US troop death in Afghanistan doubles toll for 2008

US troop death in Afghanistan doubles toll for 2008

A bomb attack killed a US service member in Afghanistan, Nato said Sunday, doubling the number of American soldiers killed in the country this year compared with 2008, according to an AFP tally.
Published 28 Dec, 2009 12:00am
Hezbollah chief asks Egypt to stop Gaza border wall

Hezbollah chief asks Egypt to stop Gaza border wall

Hezbollah leader Sayyed Hassan Nasrallah on Sunday called on Egypt to stop building a steel wall along the Gaza border that could obstruct tunnels which provide a lifeline for the blockaded enclave. Nasrallah told a crowd of tens of thousands of Lebanese
Published 28 Dec, 2009 12:00am
Vatican court to judge Pope assailant within weeks

Vatican court to judge Pope assailant within weeks

A Vatican court will judge the woman who launched a Christmas Eve assault on Pope Benedict XVI "within a few weeks", its president said on Sunday. The woman, identified as 25-year-old Susanna Maiolo, leapt over a security barrier and knocked the pope to t
Published 28 Dec, 2009 12:00am
JGB futures off on Treasuries, await budget

JGB futures off on Treasuries, await budget

JGB futures hit their lowest level this week after US Treasuries dropped on upbeat economic data and upcoming supply concerns. March futures slip 0.15 point to 139.74 after hitting 139.62, their lowest since December 16.
Published 28 Dec, 2009 12:00am
JGB futures off on Treasuries, await budget

JGB futures off on Treasuries, await budget

JGB futures hit their lowest level this week after US Treasuries dropped on upbeat economic data and upcoming supply concerns. March futures slip 0.15 point to 139.74 after hitting 139.62, their lowest since December 16.
Published 28 Dec, 2009 12:00am
Thai shares expected to remain quiet

Thai shares expected to remain quiet

The Thai stock market is expected to remain quiet as foreign investors stay away for seasonal holidays, an analyst said on Friday. The Stock Exchange of Thailand (SET) composite index gained 14.73 points or 2.06 percent over the week to close at 730.41 po
Published 28 Dec, 2009 12:00am
India's NMDC share sale may raise $4.9 billion

India's NMDC share sale may raise $4.9 billion

The Indian government is hoping to raise over 230 billion rupees ($4.9 billion) from the sale of a stake in iron ore miner National Mineral Development Corp, the Times of India said on Saturday. The public offering is likely to take place in March 2010, t
Published 28 Dec, 2009 12:00am
India's NMDC share sale may raise $4.9 billion

India's NMDC share sale may raise $4.9 billion

The Indian government is hoping to raise over 230 billion rupees ($4.9 billion) from the sale of a stake in iron ore miner National Mineral Development Corp, the Times of India said on Saturday. The public offering is likely to take place in March 2010, t
Published 28 Dec, 2009 12:00am
Hong Kong equity markets may rise

Hong Kong equity markets may rise

Hong Kong shares may edge higher next week, but trading will likely be thin after investors locked in gains ahead of the Christmas holiday, dealers said. The benchmark Hang Seng index rose 1.6 percent on the week to 21,517.00.
Published 28 Dec, 2009 12:00am
Turkish stocks gain in thin, pre-holiday trade

Turkish stocks gain in thin, pre-holiday trade

Turkish stocks and lira gained modestly on Friday in trade thinned by the Christmas holiday in many foreign markets. The lira ended at 1.5100 against the dollar from the previous day's 1.5125. The yield on the benchmark August 3, 2011 bond rose slightly t
Published 28 Dec, 2009 12:00am
Taiwan stocks up, Asustek gains on better outlook

Taiwan stocks up, Asustek gains on better outlook

Taiwan stocks rose 0.25 percent on Friday, led by gains in big tech exporters such as Asustek Computer Inc, on hopes of rising PC sales next year, and after the island's central bank kept interest rates steady.
Published 28 Dec, 2009 12:00am
Asian currencies lower against the dollar

Asian currencies lower against the dollar

Asian currencies were mostly lower against the greenback this week, with the US unit rising amid speculation the Federal Reserve will raise interest rates earlier next year than predicted. Trade was thin as risk-averse investors mostly stayed on the sidel
Published 28 Dec, 2009 12:00am
Tokyo shares likely to be quiet

Tokyo shares likely to be quiet

Japan's stock market is likely to be quiet with many players away for the year-end holidays, analysts said Friday. Over the week to December 25, the Nikkei-225 index of the Tokyo Stock Exchange climbed 352.66 points, or 3.48 percent, to 10,494.71. The bro
Published 28 Dec, 2009 12:00am
Japan's Core CPI falls 1.7 percent from year ago, as forecast

Japan's Core CPI falls 1.7 percent from year ago, as forecast

Japan marked nine months of deflation in November with increasing signs that weak demand is hitting prices, adding to the political pressure on the Bank of Japan for further monetary easing. While the pace of falling prices slowed in the year to November
Published 28 Dec, 2009 12:00am
Asian stocks miss 'Santa Claus rally'

Asian stocks miss 'Santa Claus rally'

Japanese and Chinese stocks fell back on Friday in subdued trade as investors took profits, with many players in the region away for the Christmas holidays. Investors were in a cautious mood despite fresh gains on Wall Street that lifted US stocks to fres
Published 28 Dec, 2009 12:00am
Oil fuels new rally for Ghana's once-booming stocks

Oil fuels new rally for Ghana's once-booming stocks

Ghana's stock exchange was the best performing market in the world in 2008 but has suffered this year in the global economic crisis. Now, an oil boom is putting the west African nation back on track.
Published 28 Dec, 2009 12:00am
MUFG is first foreign bank to issue yuan bonds in China

MUFG is first foreign bank to issue yuan bonds in China

Mitsubishi UFJ Financial Group is set to become the first foreign bank to issue yuan-denominated bonds in China, saying it was planning to issue 1 billion yuan ($147 million) two-year bonds around February. The bank said it had received permission for the
Published 28 Dec, 2009 12:00am
MUFG is first foreign bank to issue yuan bonds in China

MUFG is first foreign bank to issue yuan bonds in China

Mitsubishi UFJ Financial Group is set to become the first foreign bank to issue yuan-denominated bonds in China, saying it was planning to issue 1 billion yuan ($147 million) two-year bonds around February. The bank said it had received permission for the
Published 28 Dec, 2009 12:00am
Putin to oversee launch of Pacific oil terminal

Putin to oversee launch of Pacific oil terminal

Russian Prime Minister Vladimir Putin will oversee on Monday the loading of the first tanker to carry Siberian oil to Asian markets from the nation's new Pacific terminal, the government said on Sunday. The launch will be attended by top Russian officials
Published 28 Dec, 2009 12:00am
Abu Dhabi plans joint bid for EDF's UK grid

Abu Dhabi plans joint bid for EDF's UK grid

An Abu Dhabi sovereign wealth fund is planning a joint bid for EDF's electricity distribution network in the UK, the Sunday Telegraph reported. Abu Dhabi Investment Authority is working with the Canadian Pension Plan on a 5 billion pound ($8 billion) bid
Published 28 Dec, 2009 12:00am
Spain wants 2020 growth strategy EU helm

Spain wants 2020 growth strategy EU helm

Spain will seek a way for recession-hit European economies to grow over the next decade when it takes over the EU presidency from January 1, its foreign minister said in an interview published on Sunday. "The most important goal is a co-ordinated exit fro
Published 28 Dec, 2009 12:00am
Saudi Southern Cement sees 2009 profit down eight percent

Saudi Southern Cement sees 2009 profit down eight percent

Southern Province Cement Co, one of Saudi Arabia's top three cement firms by market value, said on Sunday its net profit in 2009 would be 7.8 percent lower than in 2008. SPCC said preleminary results show that its net profit this year would reach 729 mill
Published 28 Dec, 2009 12:00am
Saudi Southern Cement sees 2009 profit down eight percent

Saudi Southern Cement sees 2009 profit down eight percent

Southern Province Cement Co, one of Saudi Arabia's top three cement firms by market value, said on Sunday its net profit in 2009 would be 7.8 percent lower than in 2008. SPCC said preleminary results show that its net profit this year would reach 729 mill
Published 28 Dec, 2009 12:00am
Japan can avoid double-dip recession: minister

Japan can avoid double-dip recession: minister

Japanese National Strategy Minister Naoto Kan said on Sunday the country's economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by the government and better market conditions.
Published 28 Dec, 2009 12:00am
Bangladesh to import power, gas from Myanmar

Bangladesh to import power, gas from Myanmar

Bangladesh intends to import gas and electricity from Myanmar, a senior government official said, as it looks to boost energy supplies to help spur faster economic growth. Bangladesh Foreign Secretary Mohamed Mijarul Quayes said the issue would be a focal
Published 28 Dec, 2009 12:00am
Ferrero says still mulling Cadbury bid

Ferrero says still mulling Cadbury bid

Italian chocolate giant Ferrero said it is still examining its options on a possible bid for Britain's Cadbury PLC, daily La Stampa reported on Sunday. Cadbury has rejected a $16.2 billion offer from US food group Kraft. US-based Hershey Co and the unlist
Published 28 Dec, 2009 12:00am
Union workers at Xstrata smelter in Chile to strike

Union workers at Xstrata smelter in Chile to strike

Union workers at Chile's Altonorte copper smelter plan to strike and block roads on Monday after scrapping a final wage offer from owner global miner Xstrata, the union and company said on Sunday. The 274 union workers, which represent about 90 percent of
Published 28 Dec, 2009 12:00am
Australians become world leaders in personal debt

Australians become world leaders in personal debt

Australians lead the world in personal debt, with the value of what households owe exceeding the value of what the entire economy produces.Reserve Bank of Australia figures released Sunday showed Australia had overtaken the United States in terms of debt
Published 28 Dec, 2009 12:00am
Investors plan low-cost carrier in Abu Dhabi

Investors plan low-cost carrier in Abu Dhabi

An investment company plans to launch the third low-cost carrier in the United Arab Emirates in 2010, a newspaper reported on Sunday, quoting unnamed aviation sources. The airline, which will be based in the capital and flying out of Abu Dhabi, will start
Published 28 Dec, 2009 12:00am
Swiss bank secrecy emerges from 2009 with holes

Swiss bank secrecy emerges from 2009 with holes

Switzerland's finance minister acknowledges that he had a rough time this year after the Swiss bowed to international pressure on banking secrecy under the onslaught of US lawsuits and a crackdown on tax evasion.
Published 28 Dec, 2009 12:00am
China won't be pressured over yuan peg: Wen

China won't be pressured over yuan peg: Wen

Chinese Premier Wen Jiabao on Sunday struck a defiant note about the country's controversial exchange rate policy, saying the government would not give into foreign demands to let the yuan rise.
Published 28 Dec, 2009 12:00am
China to seek bigger share of world exports: minister

China to seek bigger share of world exports: minister

Beijing will not relax its efforts to sell Chinese products overseas in 2010 and seek a bigger share in the global market, China's vice trade minister said on Sunday. China, which may have replaced Germany to be the world's largest exporter in 2009, is a
Published 28 Dec, 2009 12:00am
Eurozone countries must cut deficits: ECB chief

Eurozone countries must cut deficits: ECB chief

European Central Bank President Jean-Claude Trichet urged the 16 countries using the euro to slash their deficits "in 2011 at the latest," in an interview published Sunday.
Published 28 Dec, 2009 12:00am
South Korea, Turkey in talks on nuclear power deal

South Korea, Turkey in talks on nuclear power deal

South Korea's Korea Electric Power Corp (KEPCO) said on Sunday it was in talks with Turkey to export two nuclear power reactors to Black Sea areas. State-run KEPCO is also planning to bid for an expected tender by Ukraine soon to build more than one nucle
Published 28 Dec, 2009 12:00am
Orascom Tel shareholders agree $800 million rights issue

Orascom Tel shareholders agree $800 million rights issue

Shareholders at Egypt's Orascom Telecom (OT) agreed on Sunday to an $800 million rights issue to strengthen the firm's balance sheet as it works to resolve a dispute with the Algerian tax authority. Market heavyweight Orascom had said it was seeking share
Published 28 Dec, 2009 12:00am
Strauss leads strong England reply

Strauss leads strong England reply

Andrew Strauss hit a sparkling half-century and led a strong England response to a challenging South African total on the second day of the second Test at Kingsmead here on Sunday. Strauss made 54 as England reached 103 for one in reply to South Africa's
Published 28 Dec, 2009 12:00am
City owner wants to buy Real Madrid

City owner wants to buy Real Madrid

Manchester City owner Sheikh Mansour Bin Zayed Al Nahyan has made inquiries about trying to buy Real Madrid, according to an unconfirmed report here Sunday. AS said the Abu Dhabi-based billionaire would be prepared to pay one billion euros (dollars) for t
Published 28 Dec, 2009 12:00am
Corica strike puts Sydney top of A-League ladder

Corica strike puts Sydney top of A-League ladder

Sydney FC moved to the top of the Australian A-League after veteran Steve Corica scored the only goal of the game in his side's 1-0 win over Adelaide United in Sydney on Sunday. Corica, 36, pounced four minutes after the break to give Sydney the points ag
Published 28 Dec, 2009 12:00am
Vlasic, Kostelic named Croatian athletes of the year

Vlasic, Kostelic named Croatian athletes of the year

Croatia's high jump world champion Blanka Vlasic and skier Ivica Kostelic were named the country's top athletes of the year for 2009 by a national newspaper Sunday. Vlasic retained her world crown at the world athletics championships in Berlin in August w
Published 28 Dec, 2009 12:00am
Gerrard sees light at end of Liverpool tunnel

Gerrard sees light at end of Liverpool tunnel

Steven Gerrard insists Liverpool can turn their season around as they prepare for two vital matches. The Reds got back on track with a 2-0 win over Wolves at Anfield on Saturday and now face season-defining games against Aston Villa and Tottenham as they
Published 28 Dec, 2009 12:00am
Pakistan struggling as Aussies declare first inning

Pakistan struggling as Aussies declare first inning

Australia's bowlers vindicated Ricky Ponting's bold first innings declaration with a disciplined and aggressive display on the second day at the Melbourne Cricket Ground.
Published 28 Dec, 2009 12:00am
Emerging talent Wilshere plays down World Cup talk

Emerging talent Wilshere plays down World Cup talk

Arsenal's teenage talent Jack Wilshere has played down talk that he could make the England squad for next year's World Cup finals in South Africa. The midfielder, who turns 18 on New Year's Day, said in his first interview on Sunday that he was keeping hi
Published 28 Dec, 2009 12:00am
Arsenal go second after Fabregas double sees off Villa

Arsenal go second after Fabregas double sees off Villa

Cesc Fabregas scored twice to send Arsenal second in the Premier League, four points behind Chelsea but with a game in hand, after brushing aside Aston Villa 3-0 at the Emirates Stadium on Sunday. Stuttering Chelsea had dropped precious points on Saturday
Published 28 Dec, 2009 12:00am
Gulf needs better bankruptcy rules to serve sukuk

Gulf needs better bankruptcy rules to serve sukuk

The near-default of Dubai developer Nakheel's Islamic bond will trigger calls for better bankruptcy rules in the Gulf as investors wake up to legal and financial risks now that the boom years are over.
Published 28 Dec, 2009 12:00am
Police arrest Indian stowaway from Air India plane

Police arrest Indian stowaway from Air India plane

Police arrested an Indian stowaway who hid on an Air India flight from Saudi Arabia to return to his country, a police officer said Sunday. Habib, who uses one name, was employed by a Saudi company as a loader and cleaner at the Medina airport, said Biju
Published 28 Dec, 2009 12:00am
MQM welcomes 'Pakistan Khappay' slogan: Altaf

MQM welcomes 'Pakistan Khappay' slogan: Altaf

Commenting on President Zardari's speech on the occasion of 2nd death anniversary of Benazir Bhutto, Muttahida Qaumi Movement (MQM)'s chief Altaf Hussain said views expressed by President Zardari are valuable and MQM welcomes it.
Published 28 Dec, 2009 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 21 to 26, 2009).

Published 28 Dec, 2009 12:00am
MQM welcomes 'Pakistan Khappay' slogan: Altaf

MQM welcomes 'Pakistan Khappay' slogan: Altaf

Commenting on President Zardari's speech on the occasion of 2nd death anniversary of Benazir Bhutto, Muttahida Qaumi Movement (MQM)'s chief Altaf Hussain said views expressed by President Zardari are valuable and MQM welcomes it.
Published 28 Dec, 2009 12:00am
Israeli soldier killed by comrade in shopping mall

Israeli soldier killed by comrade in shopping mall

An Israeli soldier was shot dead by another soldier on Sunday during an argument in a shopping mall in the southern city of Beersheba, police said. They said the two had been arguing when one shot the other in the chest, and he was later pronounced dead i
Published 28 Dec, 2009 12:00am
Six killed in Italy avalanche

Six killed in Italy avalanche

Six people, including four rescue workers, were killed in an avalanche in northern Italy, officials said. The six were killed in the Lasties valley in the northern Trentino-Alto Adige region on Saturday. Their bodies were recovered on Sunday. The rescue w
Published 28 Dec, 2009 12:00am
More than 20 whales die in mass beaching in New Zealand

More than 20 whales die in mass beaching in New Zealand

More than 20 pilot whales died in a mass beaching in New Zealand Sunday while another 40 were successfully herded back to sea, conservation officials said. About 63 whales were stranded on the Coromandel Peninsula on the east of North Island.
Published 28 Dec, 2009 12:00am
Five killed in latest southern Thailand violence: police

Five killed in latest southern Thailand violence: police

Three Muslim villagers and two militants have died in the latest violence in Thailand's insurgency-plagued southern provinces, police said Sunday. Suspected militants shot and killed a 39-year-old Muslim as he was standing in front of his house in Pattani
Published 28 Dec, 2009 12:00am
Army, UN forces uncover boxes of explosives in south Lebanon

Army, UN forces uncover boxes of explosives in south Lebanon

Lebanese troops and UN peacekeepers found 12 boxes of the explosive TNT in a village in southern Lebanon, a security source said Sunday. The source said the discovery was made in the village of Khiam in Hamames overnight by the Spanish battalion of the Un
Published 28 Dec, 2009 12:00am
Family of five hacked to death in China

Family of five hacked to death in China

Police in south-west China have arrested a man suspected of hacking a father and his four children to death, the latest in a string of grisly killings to occur in the nation, state press said Sunday. Deng Xueyun was captured by police in Guizhou province
Published 28 Dec, 2009 12:00am
Australian youth musician killed by drug cocktail in Hong Kong

Australian youth musician killed by drug cocktail in Hong Kong

An Australian youth orchestra musician found dead in a Hong Kong hotel room died after taking a deadly cocktail of drugs, a news report said Sunday.Daniel Hall, 21, an oboe player with the Perth-based Western Australian Youth Orchestra, took a mixture of
Published 28 Dec, 2009 12:00am
Anti-Israeli, US slogans mark Ashura in Lebanon

Anti-Israeli, US slogans mark Ashura in Lebanon

Tens of thousands of members and supporters of Lebanese Shia militant group Hezbollah gathered in the southern suburbs of Beirut to mark the Shia ceremony of Ashura Sunday, chanting anti-Israeli and anti-US slogans.
Published 28 Dec, 2009 12:00am
EU hopeful Croatia votes for new president

EU hopeful Croatia votes for new president

Croats were voting for a new president on Sunday, with an opposition candidate who pledges to back the European Union candidate country's anti-corruption drive seen as favourite to win most votes in the first round.
Published 28 Dec, 2009 12:00am
France condemns Iran protest violence

France condemns Iran protest violence

France on Sunday condemned the violent response of Iranian security forces against "simple protesters" in Tehran that left several dead and called for a political solution. In a statement, the foreign ministry cited information that the clashes had left a
Published 28 Dec, 2009 12:00am
China discovers tomb of famed general Cao Cao

China discovers tomb of famed general Cao Cao

Chinese archaeologists have unearthed a large third-century tomb, which they say could be that of Cao Cao, the legendary politician and general famous throughout East Asia for his Machiavellian tactics.
Published 28 Dec, 2009 12:00am
Taiwan's Ma fights for traditional Chinese characters

Taiwan's Ma fights for traditional Chinese characters

Taiwan's President Ma Ying-jeou has vowed to promote traditional Chinese characters, which are threatened by the increasingly popular simplified system launched by Beijing over 50 years ago. Beijing was rewarded the China seat by the UN in 1971, and since
Published 28 Dec, 2009 12:00am
China draft rules allow villagers to impeach chiefs

China draft rules allow villagers to impeach chiefs

China has published new draft rules for village elections, allowing villagers to fire officials who don't perform as promised. When village elections were rolled out nation-wide in 1998, to improve local officials' responsiveness to local concerns, some C
Published 28 Dec, 2009 12:00am
Families of Americans held in Iran hire Iranian lawyer

Families of Americans held in Iran hire Iranian lawyer

The families of three Americans charged with espionage in Iran after straying over the border from northern Iraq in July said on Sunday they have secured an Iranian lawyer to try to get them released. Iran's judiciary has announced espionage charges again
Published 28 Dec, 2009 12:00am
Israel says Jewish immigration up 17 percent in 2009

Israel says Jewish immigration up 17 percent in 2009

Jewish immigration to Israel increased in 2009 by 17 percent compared to the previous year, the first rise in a decade, the government said on Sunday. According to figures presented by the Jewish Agency, the government body in charge of immigration, 16,24
Published 28 Dec, 2009 12:00am
Abdullah brothers to repay Damas 'transactions'

Abdullah brothers to repay Damas 'transactions'

Dubai jeweller Damas International Ltd on Sunday said that two executives and the former head of the company had registered 350 million shares to repay nearly $165 million in "unauthorised transactions." The three Abdullah brothers made the pledge as part
Published 28 Dec, 2009 12:00am
Snow, icy temperatures, chill US Midwest, cancel flights

Snow, icy temperatures, chill US Midwest, cancel flights

Icy temperatures and snow chilled the US Midwest Saturday, delaying and cancelling flights just as Christmas revellers were trying to return home after the holidays. Meteorologists expected more than 30 centimetres of snow in North Dakota, with temperatur
Published 28 Dec, 2009 12:00am
Indonesia detains 17 Afghan and Iraqi migrants: police

Indonesia detains 17 Afghan and Iraqi migrants: police

Indonesian police said Sunday they had detained in East Java province 17 Afghan and Iraqi migrants who were trying to reach Australia. The men - 14 Afghans and three Iraqis - were arrested early Sunday at the coast in Sidoarjo district, district police ch
Published 28 Dec, 2009 12:00am
Kurds clash with police in Turkey

Kurds clash with police in Turkey

News reports say Kurdish protesters threw stones and firebombs at police in Istanbul and south-east Turkey as tensions escalated over the arrest of dozens of Kurds on charges of links to rebels. Dogan agency says police dispersed dozens of protesters in I
Published 28 Dec, 2009 12:00am
Rebel leader could be dead: Yemen

Rebel leader could be dead: Yemen

The leader of Yemen's Zaidi Shia rebels Abdul Malek al-Huthi may have been killed following an air raid last week and buried, a website linked to the defence ministry reported on Sunday.
Published 28 Dec, 2009 12:00am
Gaza aid stuck in Jordan; Turkey Mediating

Gaza aid stuck in Jordan; Turkey Mediating

An aid convoy trying to reach the blockaded Gaza Strip through Egypt was still stranded in Jordan on Sunday amid Cairo's refusal to let it cross through its territory. Members of the convoy, which is led by British MP George Galloway, were however hoping
Published 28 Dec, 2009 12:00am
Turkish Prime Minister denies tensions with army

Turkish Prime Minister denies tensions with army

Turkish Prime Minister Tayyip Erdogan denied tension between his government and the military as state prosecutors investigating an alleged assassination plot searched an army office on Sunday. It was the second search of the office in two days and followe
Published 28 Dec, 2009 12:00am
Bombs kill seven Shiite pilgrims in Iraq

Bombs kill seven Shiite pilgrims in Iraq

A bomb killed five Shiite pilgrims in a procession in north-east Iraq on Sunday and blasts in Baghdad killed two more pilgrims as millions of people marched to commemorate the most important Shiite religious observance.
Published 28 Dec, 2009 12:00am
Millions of Iraqis gather for Ashura

Millions of Iraqis gather for Ashura

Millions of Shia Muslims gathered at shrines and mosques across Iraq on Sunday for the Ashura religious festival while Iraqi forces stood watch against the bloody attacks that have marred past pilgrimages. Loudspeakers blared traditional Ashura chants acr
Published 28 Dec, 2009 12:00am
Al Qaeda in Yemen threatened US

Al Qaeda in Yemen threatened US

An al Qaeda operative in Yemen threatened the United States and said ``we are carrying a bomb' in a video posted online four days before the botched Christmas Day attempt to blow up a Northwest Airlines flight.
Published 28 Dec, 2009 12:00am
Thousands evacuated after World War-II bomb is found

Thousands evacuated after World War-II bomb is found

Thousands of people, including 450 prisoners, were evacuated after an unexploded World War II bomb was found in the northern German town of Vechta on Sunday. The authorities moved 8,500 people living within a 1-kilometre radius of the site, including the
Published 28 Dec, 2009 12:00am
Nepal's first confirmed swine flu death: official

Nepal's first confirmed swine flu death: official

Nepal on Sunday confirmed its first death from swine flu after a female patient died at a hospital in the capital Kathmandu, an official said. A woman in her early 30s died of the A(H1N1) virus while undergoing treatment at the Bir Hospital, the head of t
Published 28 Dec, 2009 12:00am
NextMedia files for bankruptcy

NextMedia files for bankruptcy

NextMedia Group Inc filed for bankruptcy protection under a pre-arranged plan that will hand over control of the US radio station operator and outdoor advertising company to certain creditors, court papers showed.
Published 28 Dec, 2009 12:00am
Twitter buys geolocation startup Mixer Laboratories

Twitter buys geolocation startup Mixer Laboratories

Twitter not only wants to know what you're doing it wants to know where you are. The micro-blogging service announced on December 23 that it has purchased Mixer Labs, a California-based startup that builds location-tracking tools.
Published 28 Dec, 2009 12:00am
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