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Print - 2010-05-10
Australia wrap up 5-0 Davis Cup win over Japan

Australia wrap up 5-0 Davis Cup win over Japan

Australia wrapped up a 5-0 win over Japan after winning both their "dead" singles matches on the final day of their Davis Cup Asia/Oceania Group 1 tie here on Sunday. Lleyton Hewitt and Carsten Ball won their return singles rubbers for the Australians, wh
Published 10 May, 2010 12:00am
Chinese leader warns on falsification of Soviet history

Chinese leader warns on falsification of Soviet history

Chinese President Hu Jintao on Sunday spoke out against rewriting the history of the Soviet Union's role in World War II, while attending Moscow celebrations for the 65th anniversary of victory. "Some forces are trying to rewrite or erase the outstanding
Published 10 May, 2010 12:00am
Mexican former governor extradited to USA

Mexican former governor extradited to USA

Mexico has extradited a former state governor to the United States to face charges of helping a cartel smuggling cocaine through the resort of Cancun en route to the US market.
Published 10 May, 2010 12:00am
Brazil will explore all options in Iran nuclear talks

Brazil will explore all options in Iran nuclear talks

Brazilian President Luiz Inacio Lula da Silva said he would try everything to reach a solution with Iran over its nuclear programme, according to a newspaper interview on Sunday. "I want to exhaust every possibility up until the last minute of finding a p
Published 10 May, 2010 12:00am
Iraq recount 50 percent done, no big change in results

Iraq recount 50 percent done, no big change in results

Iraq's parliamentary election results have not changed significantly as the result of a recount of 2.5 million ballots that has now reached the halfway point, an elections official said on Sunday.
Published 10 May, 2010 12:00am
'Murdered' Chinese man reappears after 10 years

'Murdered' Chinese man reappears after 10 years

A Chinese man who was supposedly hacked to death in a fight has reappeared in his hometown after 10 years, state media said, raising questions about police torture to extract a confession from the alleged killer.
Published 10 May, 2010 12:00am
New scale of disaster looms in Gulf of Mexico

New scale of disaster looms in Gulf of Mexico

Concern grew Sunday that the US Gulf coast is facing a whole new level of environmental disaster after the best short-term fix for a massive oil spill ran into serious trouble. BP's giant containment box lay idle on the seabed as engineers furiously tried
Published 10 May, 2010 12:00am
BP spends $10 million a day on oil spill clean-up

BP spends $10 million a day on oil spill clean-up

BP Plc could be spending as much as $10 million a day on clean-up efforts after a giant oil spill in the Gulf of Mexico, exceeding initial estimates, the Sunday Telegraph quoted Chief Executive Tony Hayward as saying.
Published 10 May, 2010 12:00am
Fresh oil war threat for new Nigerian leader

Fresh oil war threat for new Nigerian leader

Militants in the Niger Delta have threatened a fresh wave of potentially crippling attacks on Nigeria's oil industry, giving the African country's newly-installed president weeks to address their demands.
Published 10 May, 2010 12:00am
Malaysian thieves return police car, with written apology

Malaysian thieves return police car, with written apology

Malaysian thieves who stole a car on the outskirts of the capital Kuala Lumpur quickly returned the vehicle, complete with a written apology, after realising it belonged to the local police chief. The thieves made off with the car on Thursday while Selang
Published 10 May, 2010 12:00am
Obama tells aides not to be distracted on Afghanistan

Obama tells aides not to be distracted on Afghanistan

US President Barack Obama has told key members of his administration not to be "distracted" by public spats with Afghan President Hamid Karzai, but to focus on shared common goals. A US official signalled on the eve of Karzai's arrival in Washington for a
Published 10 May, 2010 12:00am
Afghanistan's Karzai heads to Washington

Afghanistan's Karzai heads to Washington

Afghan President Hamid Karzai left for Washington Sunday on a four-day visit, his office said, aiming to mend ties after a damaging row over his criticism of foreign partners. Karzai will meet President Barack Obama, Secretary of State Hillary Clinton and
Published 10 May, 2010 12:00am
Merkel coalition loses state poll, upper house majority

Merkel coalition loses state poll, upper house majority

Chancellor Angela Merkel's coalition suffered a stinging defeat in a state poll Sunday that cost it its majority in the upper house, preliminary results showed, amid voter anger over a Greek bail-out.
Published 10 May, 2010 12:00am
Church of England paves way for women bishops

Church of England paves way for women bishops

The Church of England has moved a step closer to the consecration of women bishops, setting up a possible showdown with traditionalists who back all-male clergy in the Anglican communion.
Published 10 May, 2010 12:00am
Obama stresses education over iPod, Xbox

Obama stresses education over iPod, Xbox

President Barack Obama told college graduates on Sunday the era of the iPod and the Xbox has not always been good for the cause of a strong education. Obama made the point in a commencement speech to more than 1,000 graduates and thousands of their family
Published 10 May, 2010 12:00am
British soldier killed by explosion in Afghanistan: ministry

British soldier killed by explosion in Afghanistan: ministry

A British soldier was killed by an explosion while on foot patrol Sunday in southern Afghanistan, the Ministry of Defence said in London. The serviceman, from 40 Commando Royal Marines, was hit by the blast in Sangin, Helmand province on a patrol in suppo
Published 10 May, 2010 12:00am
Treasury to sell $78 billion in notes and bonds

Treasury to sell $78 billion in notes and bonds

The US Treasury will sell $78 billion in notes and bonds in the coming week and the reception for those sales depends on whether investors' renewed regard for safety will justify the price of those securities which has been driven higher by rising alarm a
Published 10 May, 2010 12:00am
Treasury to sell $78 billion in notes and bonds

Treasury to sell $78 billion in notes and bonds

The US Treasury will sell $78 billion in notes and bonds in the coming week and the reception for those sales depends on whether investors' renewed regard for safety will justify the price of those securities which has been driven higher by rising alarm a
Published 10 May, 2010 12:00am
South Africa bourse eyes platinum fund

South Africa bourse eyes platinum fund

South African stock exchange operator JSE Ltd hopes to list an exchange-traded fund (ETF) for platinum this year, a top executive said, as Africa's biggest bourse looks to tap growing appetite for commodities.
Published 10 May, 2010 12:00am
European debt worries slam global stocks

European debt worries slam global stocks

Stocks fell in volatile trade around the world Friday on persistent fears the debt crisis in Greece could spread through the eurozone, while the dollar rose against the yen after strong US jobs data. The better-than-expected jobs figures, showing the US e
Published 10 May, 2010 12:00am
Euro could reach parity with dollar: German economist

Euro could reach parity with dollar: German economist

Battered by the Greek fiscal crisis, the euro could weaken to the point of parity with the US dollar, a top German economist said Sunday, as others warned of inflation in Europe's biggest economy.
Published 10 May, 2010 12:00am
Egypt, Qatar, Kuwait post loss on Greece woes

Egypt, Qatar, Kuwait post loss on Greece woes

Stocks in Qatar, Kuwait and Egypt posted on Sunday their biggest daily losses since Dubai World's restructuring roiled markets in November, as fears over Greece's debt crisis and lower oil prices dominated sentiment. Other Gulf markets, with the exception
Published 10 May, 2010 12:00am
Hong Kong's IPO market hits the brakes

Hong Kong's IPO market hits the brakes

Hong Kong's IPO market - the biggest in the world last year - has hit the brakes with several companies shelving share sales as the Greek debt crisis pounds global markets Swire Properties, a major real estate developer in the city, Thursday pulled a plan
Published 10 May, 2010 12:00am
US Treasuries still a good friend in bad times

US Treasuries still a good friend in bad times

It took a Greek fiscal debacle threatening to blow up Europe's common currency experiment, but global investors have finally rediscovered their love of US government bonds.
Published 10 May, 2010 12:00am
US Treasuries still a good friend in bad times

US Treasuries still a good friend in bad times

It took a Greek fiscal debacle threatening to blow up Europe's common currency experiment, but global investors have finally rediscovered their love of US government bonds.
Published 10 May, 2010 12:00am
Yen strength seen as anxiety returns: Foreign Exchange Concepts

Yen strength seen as anxiety returns: Foreign Exchange Concepts

After this week's slide and Thursday's broad market plunge, the yen has regained favour among investors. FX Concepts Chairman and Chief Executive Officer John Taylor said on Friday he expects the dollar to fall back to around 88 yen by the beginning of Ju
Published 10 May, 2010 12:00am
Euro crisis raises questions over future expansion

Euro crisis raises questions over future expansion

The crisis raging in the eurozone's fringe could delay European Union newcomers' entry into the single currency for years, but is not likely to derail their obligation to join.
Published 10 May, 2010 12:00am
Frayed investors eye skittish stocks

Frayed investors eye skittish stocks

The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent US stocks into Thursday's dizzying intraday spiral. With talk of a new credit crisis looming in Europe, the week ahead could get ugly
Published 10 May, 2010 12:00am
London stock market faces uncertainty

London stock market faces uncertainty

The London Stock Exchange faces a week of uncertainty following an inconclusive British general election that has left investors in the dark as to who their next prime minister will be.
Published 10 May, 2010 12:00am
Norway wealth fund buying European bonds

Norway wealth fund buying European bonds

Norway's $468 billion sovereign wealth fund has mostly stopped buying equities from mid-2009 and has spent most of its inflows since on fixed-income securities in Europe, its chief executive told Reuters. The wealth fund, fed by Norway's oil and gas reven
Published 10 May, 2010 12:00am
Norway wealth fund buying European bonds

Norway wealth fund buying European bonds

Norway's $468 billion sovereign wealth fund has mostly stopped buying equities from mid-2009 and has spent most of its inflows since on fixed-income securities in Europe, its chief executive told Reuters. The wealth fund, fed by Norway's oil and gas reven
Published 10 May, 2010 12:00am
Greek crisis not seen further delaying euro entry bids

Greek crisis not seen further delaying euro entry bids

Plans to adopt the euro by the newest EU members have not been further delayed by the Greek debt crisis' escalation of the last three months, according to a quarterly Reuters poll of economists. February's survey showed the Greek debt crisis had undermine
Published 10 May, 2010 12:00am
Dubai house prices rise for first time y/y since crisis

Dubai house prices rise for first time y/y since crisis

Dubai house prices climbed 2 percent year-on-year in the first quarter, their first annual rise since the 2008 financial downturn, but oversupply would pressure prices going forward, Colliers International said on Sunday.
Published 10 May, 2010 12:00am
UK will act to support markets, but no support for euro

UK will act to support markets, but no support for euro

British finance minister Alistair Darling said on Sunday it was important to do everything possible to stabilise the financial markets, but his country would not provide support for the euro.
Published 10 May, 2010 12:00am
Dubai jeweller in talks to recover $55 million

Dubai jeweller in talks to recover $55 million

UAE Jeweller Damas International said it was taking longer to recover the $55 million owed by its founders, the Abdulla brothers, due by April 30, but the delay does not mean a default. Dubai-based Damas was ordered to dismiss its board and pay fines, aft
Published 10 May, 2010 12:00am
Ahmadinejad opens region's 'biggest' car plant: report

Ahmadinejad opens region's 'biggest' car plant: report

President Mahmoud Ahmadinejad opened on Sunday what is being dubbed as the Middle East's biggest car plant set up by Iranian state-run automobile company Saipa, the official IRNA news agency reported. IRNA said the plant, "biggest" in the Middle East and
Published 10 May, 2010 12:00am
London buys back Underground contractor Tube Lines

London buys back Underground contractor Tube Lines

Transport for London, controlled by London Mayor Boris Johnson, has bought out the shareholders of subway contractor Tube Lines for 310 million pounds ($480 million), ending a tumultuous public-private partnership. TfL said it had bought Tube Lines' entir
Published 10 May, 2010 12:00am
Iraq plans power boost after gas fields auction

Iraq plans power boost after gas fields auction

Iraq plans to boost power capacity to 27,000 megawatts in four years after opening its gas sector to foreign investment and sealing a gas capture deal with Royal Dutch Shell, a minister said on Sunday. The OPEC member would need to invest at least $3 bill
Published 10 May, 2010 12:00am
BHP warns Australia resource tax could hit investment

BHP warns Australia resource tax could hit investment

Australia's proposed 40 percent tax on resources profits could not only drive investment overseas but impact expansion at BHP Billiton's Olympic Dam mine, chief executive Marius Kloppers said Sunday. The centre-left Labour government is holding firm on it
Published 10 May, 2010 12:00am
Europe crisis, China fiscal policy risks for oil

Europe crisis, China fiscal policy risks for oil

The sovereign debt crisis unfolding in Europe and the potential for China to tighten fiscal policy were among the biggest risks to global oil demand, the head of the International Energy Agency said on Sunday.
Published 10 May, 2010 12:00am
US regulators eye curbs to slow stock price drops

US regulators eye curbs to slow stock price drops

US securities regulators are considering new curbs to slow stock trades when markets are plunging following Thursday's dramatic sell-off, two people familiar with the matter said on Saturday.
Published 10 May, 2010 12:00am
Chavez lashes 'bourgeoisie' for economic woes

Chavez lashes 'bourgeoisie' for economic woes

President Hugo Chavez blamed "bourgeois" speculators for Venezuela's runaway inflation and ever-weaker bolivar currency and promised strong action in coming days to control the OPEC member's economy.
Published 10 May, 2010 12:00am
Opec says markets oversupplied

Opec says markets oversupplied

Global oil markets are oversupplied but Opec thinks it is too early for the group to take action to halt a recent decline in prices as fallout from the eurozone debt crisis sets in. Opec Secretary General Abdullah al-Badri said on Sunday global oil market
Published 10 May, 2010 12:00am
Chelsea rout Wigan to clinch EPL title in style

Chelsea rout Wigan to clinch EPL title in style

Chelsea secured the Premier League title in magnificent fashion by destroying 10-man Wigan Athletic 8-0 in a party atmosphere at Stamford Bridge on Sunday. Didier Drogba netted a hat-trick to finish top of the Premier League scoring charts with 29 goals a
Published 10 May, 2010 12:00am
Barca beat Sevilla to close in on La Liga title

Barca beat Sevilla to close in on La Liga title

Barcelona moved to within a whisker of a second straight La Liga crown when Lionel Messi, Bojan Krkic and Pedro earned a nervy 3-2 win at 10-man Sevilla on Saturday.
Published 10 May, 2010 12:00am
Liverpool gets extension for debts

Liverpool gets extension for debts

British Premier League football club Liverpool, put up for sale by its US owners last month, has been granted an extension on its debt pile under a deal brokered by its new chairman, the Sunday Times reported.
Published 10 May, 2010 12:00am
Henin shocked in Madrid first round, Sharapova exits

Henin shocked in Madrid first round, Sharapova exits

Four-time French Open champion Justine Henin's preparation for the Roland Garros grand slam event suffered a shuddering jolt with a defeat by France's Aravane Rezai in the Madrid Open first round on Sunday.
Published 10 May, 2010 12:00am
Kevin Pietersen confident England can get to semi-finals without him

Kevin Pietersen confident England can get to semi-finals without him

Kevin Pietersen is heading back home for the birth of his first child confident he will be returning to the Caribbean to help England reach the World Twenty20 final. Pietersen said what he hopes will be a temporary farewell to the squad in style with a su
Published 10 May, 2010 12:00am
Balochistan to host PFF 'Talent Referees Course'

Balochistan to host PFF 'Talent Referees Course'

Quetta, the capital of Balochistan will host PFF Talent Acceleration Referee's Course from 7th-11th July 2010. Balochistan Football Association (BFA), with the collaboration of Pakistan Football Federation (PFF) will be organising six-day course during wh
Published 10 May, 2010 12:00am
Player row harming Pakistan's title defence: Afridi

Player row harming Pakistan's title defence: Afridi

Pakistan captain Shahid Afridi said the banning of several senior players and ongoing disciplinary action by home officials was hampering the team's defence of its World Twenty20 title.
Published 10 May, 2010 12:00am
Gayle and West Indies push India towards exit

Gayle and West Indies push India towards exit

West Indies captain Chris Gayle struck a powerful 98 to lead his team to a 14 run victory over India in the Twenty20 World Cup in front of a wildly celebrating home crowd on Sunday. The win means West Indies can reach the semi-finals with victory over Aus
Published 10 May, 2010 12:00am
India beat South Korea in Sultan Azlan Shah Cup

India beat South Korea in Sultan Azlan Shah Cup

Defending champions India put on a masterful performance to beat Asian Champions South Korea 3-2 in the Sultan Azlan Shah Cup in Malaysia Sunday. The Indians went to the top of the standings with seven points after three matches while the Koreans remained
Published 10 May, 2010 12:00am
Depression treatable by electromagnetic therapy

Depression treatable by electromagnetic therapy

Patients suffering from depression may find relief from treatments using electromagnetic stimulation, offering a possible alternative to mood-altering medications, a new study found. The research tested 190 patients who had previously failed to respond to
Published 10 May, 2010 12:00am
AG report against extension: Ministry rejects bid to remove SNGPL MD

AG report against extension: Ministry rejects bid to remove SNGPL MD

The Ministry of Petroleum and Natural Resources has expressed its inability to remove the Managing Director (MD) of Sui Northern Gas Pipeline (SNGPL), Rasheed Lone, after SNGPL management challenged the Auditor General''s report which observed that his ex
Published 10 May, 2010 12:00am
AG report against extension: Ministry rejects bid to remove SNGPL MD

AG report against extension: Ministry rejects bid to remove SNGPL MD

The Ministry of Petroleum and Natural Resources has expressed its inability to remove the Managing Director (MD) of Sui Northern Gas Pipeline (SNGPL), Rasheed Lone, after SNGPL management challenged the Auditor General's report which observed that his ext
Published 10 May, 2010 12:00am
AG report against extension: Ministry rejects bid to remove SNGPL MD

AG report against extension: Ministry rejects bid to remove SNGPL MD

The Ministry of Petroleum and Natural Resources has expressed its inability to remove the Managing Director (MD) of Sui Northern Gas Pipeline (SNGPL), Rasheed Lone, after SNGPL management challenged the Auditor General's report which observed that his ext
Published 10 May, 2010 12:00am
The Weather

The Weather

The weather report on Sunday (May 09, 2010) and the forecast for Monday (May 10, 2010).

Published 10 May, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 03 to 07, 2010).

Published 10 May, 2010 12:00am
The COMSATS Experience

The COMSATS Experience

COMSATS Institute of Information Technology (CIIT) started its journey in 1998, and established its first campus at Islamabad in April, 1998. In August 2000, in recognition of CIIT's achievements, the Federal Government granted it the status of a Degree A
Published 10 May, 2010 12:00am
Indian minister says chance of global climate deal 'remote'

Indian minister says chance of global climate deal 'remote'

India's environment minister warned Sunday that there was little prospect of a breakthrough in efforts to forge an international agreement this year to fight global warming. "So far as negotiations are concerned... the prospects of a breakthrough in 2010
Published 10 May, 2010 12:00am
Italy shuts north airports as ash cloud moves in

Italy shuts north airports as ash cloud moves in

Italy closed a large part of its airspace in the north of the country until at least the early afternoon on Sunday to counter the risk posed by volcanic ash coming from Iceland, the civil aviation authority ENAC said. The block on flights began at 0600 GM
Published 10 May, 2010 12:00am
Five dead on eve of Philippine elections

Five dead on eve of Philippine elections

Five people were killed in the Philippines on Sunday as tensions flared on the eve of national elections, which are expected to see favourite Benigno Aquino win the presidency in a landslide. The build-up to the elections has been typically tumultuous for
Published 10 May, 2010 12:00am
Clashes in Nepal despite end of Maoist strike

Clashes in Nepal despite end of Maoist strike

Riot police in the Nepalese capital Kathmandu fired tear gas on Sunday to quell Maoist protesters who have staged a week of street rallies in the city demanding the government step down. The Maoists had enforced a general strike closing all shops and offi
Published 10 May, 2010 12:00am
Thai Prime Minister urges quick end to Bangkok protests

Thai Prime Minister urges quick end to Bangkok protests

Thai Prime Minister Abhisit Vejjajiva demanded on Sunday a speedy end to anti-government protests that have stifled the economy, after renewed violence in Bangkok raised the death toll from the crisis to 29.
Published 10 May, 2010 12:00am
Powerful quake hits Indonesia's Aceh

Powerful quake hits Indonesia's Aceh

A powerful quake with a magnitude of at least 7.2 hit the Indonesian province of Aceh on Sunday, causing panic in an area that was devastated by the killer waves of the 2004 tsunami.
Published 10 May, 2010 12:00am
Mammograms catch few cancers in young women

Mammograms catch few cancers in young women

Mammograms detect few cancers in women under the age of 40 but cause expense and anxiety because women frequently get "false positives" that require follow-up to rule out cancer, researchers reported. Mammograms did not detect any tumors among women under
Published 10 May, 2010 12:00am
Are taller men at greater risk of blood clots?

Are taller men at greater risk of blood clots?

Men who are six feet tall or taller may have a higher risk of blood clots in their veins than do their shorter counterparts, while height does not seem to have an impact on women's risk, a new study suggests.
Published 10 May, 2010 12:00am
US carbon emissions fall record seven percent in 2009

US carbon emissions fall record seven percent in 2009

US emissions of the main greenhouse gas from fossil fuels such as coal, oil, and natural gas fell a record 7 percent in 2009 due to the recession and more efficient use of fuels, the Energy Information Administration (EIA) said on May 05.
Published 10 May, 2010 12:00am
Experts find reason for severe dengue illness

Experts find reason for severe dengue illness

Scientists in Britain and Thailand may have discovered why people who get infected again and again by dengue viruses suffer more severe symptoms like hemorrhagic fever and shock, and sometimes die. Transmitted by mosquitoes, there are four different dengu
Published 10 May, 2010 12:00am
World needs bailout plan for species loss

World needs bailout plan for species loss

Facing what many scientists say is the sixth mass extinction in half-a-billion years, our planet urgently needs a "bailout plan" to protect its biodiversity, a top conservation group said. Failure to stem the loss of animal and plant species will have dir
Published 10 May, 2010 12:00am
Open multiple tabs within one browser

Open multiple tabs within one browser

Most web browsers these days offer tabbed browsing, a feature that will help you keep the clutter down on your computer. Instead of opening multiple browser windows, you can just open multiple tabs within one browser. The keyboard shortcut Ctrl-T will typ
Published 10 May, 2010 12:00am
Stags clinch Lahore Veterans Cricket title

Stags clinch Lahore Veterans Cricket title

Sayid Papers Mills Stags caused sensational 78 runs win to National Champions Lahore Whites to win first SPM Lahore Veterans Cricket League at Model Town Whites track, Model Town F-Block on Sunday. The highlight of the final was superb 88 runs by Shahid A
Published 10 May, 2010 12:00am
Standard Bank launches Islamic banking product

Standard Bank launches Islamic banking product

South Africa's Standard Bank Group has launched its first Islamic banking product in Tanzania and is awaiting regulatory approval to offer similar services in Nigeria, a senior executive said.
Published 10 May, 2010 12:00am
Unilever sees European volume growth slowing

Unilever sees European volume growth slowing

Consumer goods giant Unilever Plc/NV expects its strong sales volume growth in Western Europe to slow later in 2010 after pushing up prices as commodity costs start to rise again, its western European chief executive said.
Published 10 May, 2010 12:00am
Unilever sees European volume growth slowing

Unilever sees European volume growth slowing

Consumer goods giant Unilever Plc/NV expects its strong sales volume growth in Western Europe to slow later in 2010 after pushing up prices as commodity costs start to rise again, its western European chief executive said.
Published 10 May, 2010 12:00am
Luxury car market rebound helps BMW swing to profit

Luxury car market rebound helps BMW swing to profit

A recovery in luxury car markets led by China drove forecast-beating results at Germany's BMW , forcing the world's biggest premium auto maker to rethink its unambitious earnings target by August. Shares outperformed European peers on May 05 as BMW comple
Published 10 May, 2010 12:00am
Ericsson says no acquisitions on radar

Ericsson says no acquisitions on radar

Ericsson, the world's biggest mobile network gear maker, is determined to grow faster than the market in traditional segments but has no immediate plans for acquisitions, its chief executive said on May 05.
Published 10 May, 2010 12:00am
De Beers' owners weigh possible re-listing

De Beers' owners weigh possible re-listing

The owners of diamond group De Beers, including miner Anglo American Plc, are mulling a possible re-listing for the firm but feel the time is not yet right, sources close to the situation said.
Published 10 May, 2010 12:00am
Lufthansa needs hard work to close valuations gap

Lufthansa needs hard work to close valuations gap

German flag carrier Lufthansa needs to further rein in its costs or sell assets to catch up with peers in terms of valuation. Lufthansa has already postponed some spending, is cutting costs at its passenger airlines, and skipped its 2009 dividend. Still,
Published 10 May, 2010 12:00am
BlackRock fund backs BHP & Rio despite tax

BlackRock fund backs BHP & Rio despite tax

BlackRock-managed Global Mining Investments Ltd is keeping BHP Billiton and Rio Tinto among its top stock picks despite a new Australian mining tax, GMI's top executive said on May 03. "It won't lead us to re-adjust our holdings," GMI Chairman John Robins
Published 10 May, 2010 12:00am
Nike says revenue to jump over 40 percent by 2015

Nike says revenue to jump over 40 percent by 2015

Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on May 05. "We're going to continue to bui
Published 10 May, 2010 12:00am
Google buys Canadian 3D desktop software startup

Google buys Canadian 3D desktop software startup

Bump Technologies told fans of its 3D desktop computer software on May 3 that it has been bought by Google. The Canada-based startup is behind BumpTop, a programme crafted to make computer screens appear more similar to real desktops where boxes can be mo
Published 10 May, 2010 12:00am
Google revamps search results page

Google revamps search results page

Google on May 5 began a global roll-out of streamlined search results pages enhanced with tools for more effectively tracking down content on the Internet. "It's powerful, yet simple," Google vice president of search products and user experience Marissa M
Published 10 May, 2010 12:00am
Nokia and Microsoft new launch

Nokia and Microsoft new launch

Nokia and Microsoft unveiled on Thursday the first result of their new software collaboration aimed at breaking the dominance of Research in Motion's BlackBerry in wireless services for corporations. Nokia and Microsoft, at one time fierce rivals in the m
Published 10 May, 2010 12:00am
Google to start selling e-books

Google to start selling e-books

Google on May 4 said it will soon begin selling electronic books that people can read on any Internet-connected device including Apple's hot-selling iPad tablet computers. Google will launch an Editions online digital bookshop by the end of July and its v
Published 10 May, 2010 12:00am
Working with computers may benefit children

Working with computers may benefit children

Time spent working with computers can have a positive effect on children. Many games demand strategic thinking and skill. Online communities can also help children learn to report on their experiences, reports the Techniker Krankenkasse (TK), a German hea
Published 10 May, 2010 12:00am
Bad night's sleep can hamper body's insulin use

Bad night's sleep can hamper body's insulin use

Just one sleepless night can hamper the body's ability to use insulin to process sugar in the bloodstream, according to a study which scientists say might help explain why diabetes is on the rise.
Published 10 May, 2010 12:00am
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