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Print - 2010-03-23
Thousands march to press for US immigration reform

Thousands march to press for US immigration reform

Tens of thousands of people marched outside the White House Sunday to press Congress to move on a long-delayed immigration reform, which President Barack Obama told the protesters "won't happen overnight." Organisers hope the 100,000-strong "March for Ame
Published 23 Mar, 2010 12:00am
Market volatility could lead to another mess

Market volatility could lead to another mess

Recently, 130 US lawmakers called for sanctions against China unless it agrees to let its currency appreciate on the international currency markets; rumour is that the US Treasury may label China a 'currency manipulator'. The US views itself as the lawgiv
Published 23 Mar, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Cult Pakistan website fires classic cars passion

Cult Pakistan website fires classic cars passion

In a country beset by terrorists and bombings, with a capital likened to a "living graveyard", a cult website has fired Pakistani passion for classic cars and the freedom of the open road. Listed by Forbes as the fourth most dangerous country in the world
Published 23 Mar, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Rs 308 million revenue loss - Section 25-A misconstrued

Rs 308 million revenue loss - Section 25-A misconstrued

This has reference to the news release that the Directorate General of Post Clearance Audit has detected cases involving loss of revenue to the tune of Rs 308 million during October, 2009 to February, 2010. Time and again similar news are released in orde
Published 23 Mar, 2010 12:00am
Four of a family die of gas suffocation

Four of a family die of gas suffocation

Four persons of an Afghan family died due to gas suffocation in the posh locality of Hayatabad Township on Monday, local police said. The tragic incident occurred at the residence of Haji Yaqub, an Afghan national, as the gas emitted because of excessive
Published 23 Mar, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Nisar Bazmi's death anniversary observed

Nisar Bazmi's death anniversary observed

Music lovers across the country remembered and paid tribute to the contribution of Nisar Bazmi, one of the most iconic musicians of the country, on his third death anniversary on Monday. Without having musical background, Bazmi contributed alot in the fil
Published 23 Mar, 2010 12:00am
Transporters continue strike in twin cities

Transporters continue strike in twin cities

Commuters of twin cities of Rawalpindi and Islamabad are facing a third consecutive tough day as transporters continued strike. According to a private news channel transporters continued their strike against the decision of Islamabad Capital Territory (IC
Published 23 Mar, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Clinton says dialogue to help forge closer US-Pak ties

Clinton says dialogue to help forge closer US-Pak ties

Pledging to support Pakistani efforts for a prosperous and peaceful country, US Secretary of State Hillary Clinton has said this week's strategic dialogue with the South Asian ally will offer an opportunity to foster even closer relationship.
Published 23 Mar, 2010 12:00am
February food export increases by 35.59 percent

February food export increases by 35.59 percent

Food group export from the country during the month of February 2010 witnessed an increase of 35.59 percent as compared to same period of last financial year. Food commodities worth of US $297.10 million were exported during February 2010 as against US $2
Published 23 Mar, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Pak-UK relations constructive: Gilani

Pak-UK relations constructive: Gilani

Prime Minister Yusuf Raza Gilani said Pakistan and Britain enjoy close friendly relations which have remained constructive. The prime minister was talking to a delegation of British Broadcasting Corporation led by Mark Thompson, Director General BBC who i
Published 23 Mar, 2010 12:00am
Billions deprived of fresh water: experts

Billions deprived of fresh water: experts

One billion inhabitants of the planet earth do not have an access to fresh drinking water, while another two billion are deprived of sanitation facilities, experts in Peshawar said in a seminar on Monday. The seminar was organised by the Department of Env
Published 23 Mar, 2010 12:00am
Supreme Court raises objection over Khosa's capacity as private counsel

Supreme Court raises objection over Khosa's capacity as private counsel

The Supreme Court on Monday raised objection on appearance of Advisor to Prime Minister Latif Khosa as private counsel and issued notice to vice chairman, Pakistan Bar Council and Attorney General (AG) for assistance. The court fixed March 25 for argument
Published 23 Mar, 2010 12:00am
MoU signed to launch first health TV channel

MoU signed to launch first health TV channel

The Ministry of Health and Zia-ud-Din Enterprises Private Limited have singed a Memorandum of Understanding (MoU) to create awareness among the masses on health related issues through a Health TV channel. The MoU was singed here on Monday between the two
Published 23 Mar, 2010 12:00am
'National drinking water policy awaiting implementation'

'National drinking water policy awaiting implementation'

Participants of a seminar on "Endangered Water Resources of Pakistan" called for creating awareness among masses about the importance of clean drinking water and sanitation. The seminar was organised by Sustainable Development Policy Institute (SDPI) in c
Published 23 Mar, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (March 22, 2010) and for Tuesday (March 23, 2010)
Published 23 Mar, 2010 12:00am
Four students injured in Karachi University clash

Four students injured in Karachi University clash

At least four students were injured in two different incidents on Monday, sources said. According to detail, four students were injured during a clash between two student groups at Swedish College of Technology. In another incident, a group of the student
Published 23 Mar, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Masood Hashmi elected MAP president

Masood Hashmi elected MAP president

Masood Hashmi, CEO - Orientm McCann Erickson was elected President, Marketing Association of Pakistan (MAP) unanimously following the Annual General Meeting of the association held at a local hotel. This is for the sixth time that Masood Hashmi has been e
Published 23 Mar, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
PTCL starts revamping work in Korangi

PTCL starts revamping work in Korangi

Pakistan Telecommunication Company Limited (PTCL) has started revamping work on emergency basis in Korangi to provide better facilities to its valued customers. The network in the area will be restored shortly in Sectors 15 and 23, KATI Building Korangi,
Published 23 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 23 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 23 Mar, 2010 12:00am
Repatriation of Afghan refugees starts

Repatriation of Afghan refugees starts

Registration of Afghan refugees started here on Monday with the volunteer registration of nine members of one family on the very first day of the resumption of the repatriation process. For this purpose, the United Nations High Commission for Refugees (UN
Published 23 Mar, 2010 12:00am
French envoy calls on chief minister Punjab

French envoy calls on chief minister Punjab

French Ambassador in Pakistan Daniel Jouanneau called on Punjab Chief Minister Muhammad Shahbaz here on Monday. According to an official, co-operation in various sectors and matters of mutual interest came under discussion during the meeting.
Published 23 Mar, 2010 12:00am
Drone attacks: LHC seeks reports from ministry

Drone attacks: LHC seeks reports from ministry

The Lahore High (LHC) Court, Chief Justice Khawaja Muhammad Sharif, here Monday sought reports and para-wise comments till April 06, from respondent ministry in a constitutional petition seeking registration of FIR against responsible for drone attacks ca
Published 23 Mar, 2010 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 23 Mar, 2010 12:00am
Hamza Shahbaz calls on Prime Minister

Hamza Shahbaz calls on Prime Minister

Prime Minister Syed Yousuf Raza Gilani said that the government is determined to provide relief to the masses through special initiatives focused on the welfare of common man. The efforts relate to ensuring basic needs, facilities and economic opportuniti
Published 23 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Monday (March 22, 2010) and the forecast for Tuesday (March 23, 2010).

Published 23 Mar, 2010 12:00am
Services of former Zila Nazim Hyderabad eulogised

Services of former Zila Nazim Hyderabad eulogised

The former Zila Nazim Hyderabad, Kanwar Naveed Jamil, has said that party backup, team work and sense of ownership were the main factors behind his success in converting devastated district Hyderabad into developed ones. This, he said, while addressing a
Published 23 Mar, 2010 12:00am
Yamaha keen to invest 15 billion yen

Yamaha keen to invest 15 billion yen

Yamaha, a leading motorbikes manufacturer, is keen to invest around ¥15billion in Pakistan. In a statement issued here on Monday, Yamaha is interested to make foreign direct investment of ¥15 billion in motorcycles industry. For the purpose, a high level
Published 23 Mar, 2010 12:00am
Port Grand to be inaugurated in two months: Ghouri

Port Grand to be inaugurated in two months: Ghouri

Minister for Ports and Shipping Babar Khan Ghouri has said that Asia's biggest port-based food and entertainment project, Port Grand, would be inaugurated within next 60 days. He was talking to Governor Sindh Dr Ishrat-ul-Ibad and Provincial Minister for
Published 23 Mar, 2010 12:00am
Nawaz seeks French government help to overcome energy crisis

Nawaz seeks French government help to overcome energy crisis

Pakistan Muslim League-Nawaz (PML-N) Quaid Muhammad Nawaz Sharif has sought help of French government to overcome persistent energy shortage in the country, which is not only hurting the economy but also hitting hard to common man. He was talking to Ambas
Published 23 Mar, 2010 12:00am
Paintings of Jamil Naqsh

Paintings of Jamil Naqsh

The present display is pigeons and slice of light, as for the past several decades Jamil Naqsh has been working on the themes of women, pigeons, horses, manuscripts and Prajna Paramita. There have been other themes, too, but these have been the preferred
Published 23 Mar, 2010 12:00am
Capacity building, training workshop held

Capacity building, training workshop held

A capacity building and training workshop was held at a local hotel the other day. The workshop was organised by Transparency International-Pakistan (TI-P) in collaboration with the Sindh Public Procurement Regulatory Authority (SPPRA). It was well attend
Published 23 Mar, 2010 12:00am
Automotive parts through ATT: EDB panel concerned about illegal imports

Automotive parts through ATT: EDB panel concerned about illegal imports

Serious concern was expressed by stakeholders over the continued gross and group under-invoicing, misdeclarations, and illegal imports of automotive parts through Afghan Transit Trade (ATT) in contravention of its negative listed position at the meeting o
Published 23 Mar, 2010 12:00am
ZAB 'judicial murder': Burgari appeals CJP to take suo motu notice

ZAB 'judicial murder': Burgari appeals CJP to take suo motu notice

Sindh Minister for Fisheries Zahid Ali Bhurgari has appealed to the Chief Justice of Pakistan to take suo motu notice and ordered inquiry into the "judicial murder" of Zulfiqar Ali Bhutto. He said that if suo motu notice was not taken than he would file p
Published 23 Mar, 2010 12:00am
Prices of commodities in Sialkot on the rise

Prices of commodities in Sialkot on the rise

The tall claims of controlling prices of commodities of daily use by the district administration is turning out to be hollow as the spiralling prices of commodities are adversely affecting the common man. The current unprecedented hike in prices of meat,
Published 23 Mar, 2010 12:00am
'Institutions can be strengthened through democracy'

'Institutions can be strengthened through democracy'

Speaker Punjab Assembly Rana Muhammad Iqbal has said that institutions can be strengthened through democracy as dictatorship had weakened all the institutions of the country. Talking to newsmen here on Monday he said if the real democratic forces demonstr
Published 23 Mar, 2010 12:00am
2.2 million people die from waterborne diseases: Indonesian envoy

2.2 million people die from waterborne diseases: Indonesian envoy

As many as 2.2 million people across the world die due to water related diseases, most of them are children under the age of five, while 1.1 billion people in the world still lack access to improved water supply and more than 2.6 billion people to improve
Published 23 Mar, 2010 12:00am
Reforms body to table report in National Assembly: Hashmi

Reforms body to table report in National Assembly: Hashmi

Senior leader Pakistan Muslim League-Nawaz Makhdoom Javed Hashmi has that he is hopeful the constitutional reforms committee would table its recommendation in National Assembly on March 23 or 24. He said there is no need of debate on constitutional amendm
Published 23 Mar, 2010 12:00am
All set to celebrate Pakistan Day in Malaysia

All set to celebrate Pakistan Day in Malaysia

Like other parts of world, Pakistani community in Malaysia is all set to celebrate the 70th anniversary of "Pakistan Day" with great fervour and patriotism. A flag-hoisting ceremony would be held at 10:00 on March 23 at the High Commissioner for Pakistan'
Published 23 Mar, 2010 12:00am
Government to buy wheat from provincial food department, Passco

Government to buy wheat from provincial food department, Passco

Federal Minister for Food and Agriculture Nazar Muhammad Gondal has said the government will not leave the farmers at the mercy of "Beoparis" (Middlemen) and it would purchase maximum wheat from provincial food department and Pakistan Agriculture Storage
Published 23 Mar, 2010 12:00am
Steps under way to regularise doctors: minister

Steps under way to regularise doctors: minister

Insufficient wages is the basic reasons for agitation and rampant corruption. Contractual employees have been regularised and steps are underway to regularise doctors by the Punjab government. This was stated by Punjab Minister for Labour Muhammad Ashraf
Published 23 Mar, 2010 12:00am
'Steps being taken to bring about radical changes in agriculture sector'

'Steps being taken to bring about radical changes in agriculture sector'

Punjab government has taken drastic steps for bringing radical changes in agriculture sector aimed at enhancing per acre yield and resolving the farmers' problems. Engineer Imran Ashraf Member of Punjab Assembly stated this while addressing Green Tractor
Published 23 Mar, 2010 12:00am
Lok Virsa sets stage to celebrate Pakistan Day today

Lok Virsa sets stage to celebrate Pakistan Day today

Folk artists, traditional drummers, art and craft display and a paintings exhibition has set the stage of Lok Virsa to add colours into the celebration of Pakistan Day here on March 23.
Published 23 Mar, 2010 12:00am
Wapda chief for construction of more reservoirs

Wapda chief for construction of more reservoirs

Chairman Water And Development Authority of Pakistan (Wapda) Shakil Durrani has said that Pakistan is facing acute shortage of water and there is a need of development of additional reservoirs as well as the need of increasing the storage capacity of wate
Published 23 Mar, 2010 12:00am
President grants awards to Armed Forces personnel on Pakistan Day

President grants awards to Armed Forces personnel on Pakistan Day

President Asif Ali Zardari has granted military awards to officers and men of Pakistan Army, Navy and Air Force in recognition to their gallantry contributions, an ISPR press release said here on Monday. Detail of Pakistan Army personnel who are nominated
Published 23 Mar, 2010 12:00am
SSC annual exams from March 24

SSC annual exams from March 24

The Controller of Examinations, Board of Intermediate and Secondary Education Hyderabad, has announced that the Secondary School Certificate Annual Examination 2010 will commence from March 24, 2010. Consequently the practical exams will be held on April
Published 23 Mar, 2010 12:00am
US MIDDAY: gold hits 3-1/2 week low

US MIDDAY: gold hits 3-1/2 week low

US gold futures fell to their weakest in more than three weeks early on Monday, trading below $1,100 an ounce, as market consolidation continued on a combination of oil losses and dollar rise. COMEX April gold down $11.70, or 1.1 percent, at $1,095.90 an
Published 23 Mar, 2010 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell at the open on Monday, losing ground for a third straight session, as ongoing uncertainty over Greece's debt crisis drove investment away from riskier assets and into the safety of the US dollar. Copper for May delivery off 5.15 cen
Published 23 Mar, 2010 12:00am
US MIDDAY: soya and wheat up; corn down

US MIDDAY: soya and wheat up; corn down

CBOT May soyabean futures turned up 5-1/4 cents per bushel at $9.67 to a 2-1/2 week high early on Monday as the dollar turned weak, traders said. Short-covering adds support; managed funds expanded their net short in soyabeans to 32,386 contracts, up 5,00
Published 23 Mar, 2010 12:00am
US MIDDAY: coffee and cocoa turn higher

US MIDDAY: coffee and cocoa turn higher

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. May arabica coffee contract rose 0.85 cent to $1.3335 per lb at 11:07 am EDT (1507 GMT). Ranging from $1.3085 to $1.3365. Arabica coffee futures reversed higher, bouncing up
Published 23 Mar, 2010 12:00am
Gold hits one-week low in European trade

Gold hits one-week low in European trade

Gold hit a one-week low on Monday, breaking through key psychological support at $1,100 an ounce as the euro extended losses versus the dollar, with the market awaiting fresh news on a potential bail-out for Greece. Investors are also nervous that a surpr
Published 23 Mar, 2010 12:00am
Oil rises above $81

Oil rises above $81

Oil rose for the first time three days, climbing above $81 a barrel on Monday as a new US healthcare reform bill boosted Wall Street and the dollar weakened slightly against foreign currencies. President Barack Obama's landmark healthcare overhaul brought
Published 23 Mar, 2010 12:00am
Copper rebounds

Copper rebounds

Copper reversed losses late on Monday, inching higher as the dollar broadly eased and risk appetite returned to support the red metal. Copper for three-months delivery on the London Metal Exchange closed at $7,450 a tonne from a close of $7,435 on Friday.
Published 23 Mar, 2010 12:00am
Liffe sugar hits 7-1/2 month low, coffee up

Liffe sugar hits 7-1/2 month low, coffee up

May white sugar ended $20.60 lower at $507.50 per tonne on Monday after hitting a 7-1/2 month low of $505.00. Market back on the defensive as failure of rebound to breach key resistance level late last week sparked a further wave of fund selling. May coco
Published 23 Mar, 2010 12:00am
New York cotton futures slightly higher

New York cotton futures slightly higher

Cotton futures finished slightly higher on Monday, buoyed by a positive turnaround in crude oil, while the market looked ahead to a government plantings report at month's end, traders said. The key May cotton contract rose 0.31 cent to close at 82.49 cent
Published 23 Mar, 2010 12:00am
FTSE ends smidgen lower

FTSE ends smidgen lower

Britain's top share index ended slightly lower on Monday, as weakness in oil stocks outpaced firmer drugmakers, as the US House of Representatives approved a healthcare reform bill, and with miners also in demand. The FTSE 100 ended down 5.58 points, or 0
Published 23 Mar, 2010 12:00am
Indian shares snap four-day win

Indian shares snap four-day win

Indian shares snapped a four-day winning streak and dropped nearly 1 percent on Monday, weighed down by the central bank's surprise rate hike late on Friday, with financials leading the decline. The Reserve Bank of India (RBI) raised its short-term borrow
Published 23 Mar, 2010 12:00am
Monday's afternoon trade: Wall Street gains

Monday's afternoon trade: Wall Street gains

US stocks rose on Monday on gains in the tech sector and after a bill overhauling the healthcare system was passed, ending much of the uncertainty for investors. The US House of Representatives approved the bill late on Sunday, and while analysts have rai
Published 23 Mar, 2010 12:00am
BSC plans $29 million public offer

BSC plans $29 million public offer

State-owned Bangladesh Shipping Corporation (BSC) will launch a public offering worth nearly $29 million in phases, officials said. An initial offering worth about $9 million will be launched soon, while the rest will be offered in phases in the country's
Published 23 Mar, 2010 12:00am
BSC plans $29 million public offer

BSC plans $29 million public offer

State-owned Bangladesh Shipping Corporation (BSC) will launch a public offering worth nearly $29 million in phases, officials said. An initial offering worth about $9 million will be launched soon, while the rest will be offered in phases in the country's
Published 23 Mar, 2010 12:00am
Brazil IPO slump to persist

Brazil IPO slump to persist

Eager investment bankers and companies looking to sell stock in initial public offerings in Brazil will have a tough time luring investors burned by underperforming deals last year as concerns mount over the outlook for global growth. All four IPOs this y
Published 23 Mar, 2010 12:00am
Brazil IPO slump to persist

Brazil IPO slump to persist

Eager investment bankers and companies looking to sell stock in initial public offerings in Brazil will have a tough time luring investors burned by underperforming deals last year as concerns mount over the outlook for global growth. All four IPOs this y
Published 23 Mar, 2010 12:00am
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Most Southeast Asian stock markets fell on Monday, hit by worries over Greece's debt, while weaker oil prices squeezed energy and resource shares. Singapore slid 0.9 percent to its lowest since March 16, Malaysia edged down 0.23 percent, Thailand ended 0.
Published 23 Mar, 2010 12:00am
European CDS indices widen

European CDS indices widen

European credit derivatives indices widened on their rollover to new longer-dated benchmarks and on concerns about the prospects for an EU bailout of Greece. By 1132 GMT, the investment-grade Markit iTraxx Europe index was at 84.5 basis points, according
Published 23 Mar, 2010 12:00am
European CDS indices widen

European CDS indices widen

European credit derivatives indices widened on their rollover to new longer-dated benchmarks and on concerns about the prospects for an EU bailout of Greece. By 1132 GMT, the investment-grade Markit iTraxx Europe index was at 84.5 basis points, according
Published 23 Mar, 2010 12:00am
Asian sovereigns outpace Europe

Asian sovereigns outpace Europe

Asian sovereign credit default swaps widened on Monday as worries about Greece's debt crisis raised the cost of insuring government debt and made investors averse to buying riskier assets. Risk appetite for emerging market assets soured amid uncertainty w
Published 23 Mar, 2010 12:00am
Asian sovereigns outpace Europe

Asian sovereigns outpace Europe

Asian sovereign credit default swaps widened on Monday as worries about Greece's debt crisis raised the cost of insuring government debt and made investors averse to buying riskier assets. Risk appetite for emerging market assets soured amid uncertainty w
Published 23 Mar, 2010 12:00am
Euro slips

Euro slips

The euro slipped to a three-week low against the dollar on Monday, pressured by uncertainty about whether Greece would be able to secure aid this week to help service its ballooning debts. Traders were jittery before the March 25-26 summit of European Uni
Published 23 Mar, 2010 12:00am
Indian rupee drops

Indian rupee drops

The Indian rupee dropped to a one-week low late on Monday as share losses and the dollar's gains versus major currencies offset the positive sentiment post the Reserve Bank of India's surprise rate hike late on Friday. The partially convertible rupee clos
Published 23 Mar, 2010 12:00am
Sterling rebounds

Sterling rebounds

Sterling rebounded on a broadly weaker euro, but the pound remained pressured by concerns about the UK outlook before this week's budget and a general election that looks set to be closely fought. Investors were eyeing Wednesday's budget to be delivered b
Published 23 Mar, 2010 12:00am
Dollar Libor rises, euro at new low

Dollar Libor rises, euro at new low

The interbank cost of dollars rose to a five-month high on Monday as the market adjusted to baby steps taken by the US Federal Reserve to normalise the financial system in the wake of the two-year financial crisis. Benchmark dollar Libor rates hit their h
Published 23 Mar, 2010 12:00am
Tata Motors invests in Myanmar

Tata Motors invests in Myanmar

India's largest vehicle maker Tata Motors said on Monday it signed a contract with Myanmar Automobile and Diesel Industries to set up a heavy truck plant in the military-ruled country. The new plant would be set up at Magwe, nearly 480 kilometres (300 mil
Published 23 Mar, 2010 12:00am
German bank levy plan boosts chance of global deal

German bank levy plan boosts chance of global deal

Germany's coalition has agreed to place a levy on banks to raise billions of euros for future bailouts, boosting the chances of a global deal later this year. Berlin's move means it is no longer left pushing for a Tobin tax on financial transactions that
Published 23 Mar, 2010 12:00am
IMF calls for more Asian infrastructure, social spending

IMF calls for more Asian infrastructure, social spending

Asia's developing economies must invest more in infrastructure and social welfare to promote long-term growth in a region where millions fell back into poverty during the global economic crisis, an IMF official said Monday. John Lipsky also said that, des
Published 23 Mar, 2010 12:00am
Dubai restaurants banned from cooking with alcohol

Dubai restaurants banned from cooking with alcohol

Dubai restaurants will face stiff fines for cooking with alcohol following a municipality ban, a United Arab Emirates newspaper reported on Monday. The National daily reported that Dubai's municipality sent a notice to restaurants banning the sale of dish
Published 23 Mar, 2010 12:00am
British Airways cabin crew wants talks

British Airways cabin crew wants talks

Striking British Airways cabin crew offered on Monday to resume talks with the company to try to settle a dispute that could damage the ruling Labour Party in an election due within weeks. Cabin crew were due to return to work on Tuesday after a three-day
Published 23 Mar, 2010 12:00am
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