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Nov 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-15
Lebanon arrests preacher who praised 9/11 hijackers

Lebanon arrests preacher who praised 9/11 hijackers

Lebanese security forces arrested Islamist preacher Omar Bakri Mohammed on Sunday, three days after a court sentenced him and 21 other people to life in prison for carrying out "terrorist acts". A police statement said Bakri tried to flee when they came t
Published 15 Nov, 2010 12:00am
Lebanon arrests preacher who praised 9/11 hijackers

Lebanon arrests preacher who praised 9/11 hijackers

Lebanese security forces arrested Islamist preacher Omar Bakri Mohammed on Sunday, three days after a court sentenced him and 21 other people to life in prison for carrying out "terrorist acts". A police statement said Bakri tried to flee when they came t
Published 15 Nov, 2010 12:00am
France's Sarkozy keeps Fillon as Prime Minister in reshuffle

France's Sarkozy keeps Fillon as Prime Minister in reshuffle

French President Nicolas Sarkozy reappointed trusted ally Francois Fillon as prime minister on Sunday ahead of a ministerial reshuffle aimed at shoring up his position 18 months before a presidential election.
Published 15 Nov, 2010 12:00am
France's Sarkozy keeps Fillon as Prime Minister in reshuffle

France's Sarkozy keeps Fillon as Prime Minister in reshuffle

French President Nicolas Sarkozy reappointed trusted ally Francois Fillon as prime minister on Sunday ahead of a ministerial reshuffle aimed at shoring up his position 18 months before a presidential election.
Published 15 Nov, 2010 12:00am
Textile units to remain closed for two days

Textile units to remain closed for two days

Textile processing and printing mills, sizing units and foundries will remain closed for two days on Monday and Tuesday due to gas shedding, while 380 CNG stations of Faisalabad region were remained closed their Business owing to gas shedding, here on Sun
Published 15 Nov, 2010 12:00am
Textile units to remain closed for two days

Textile units to remain closed for two days

Textile processing and printing mills, sizing units and foundries will remain closed for two days on Monday and Tuesday due to gas shedding, while 380 CNG stations of Faisalabad region were remained closed their Business owing to gas shedding, here on Sun
Published 15 Nov, 2010 12:00am
Textile units to remain closed for two days

Textile units to remain closed for two days

Textile processing and printing mills, sizing units and foundries will remain closed for two days on Monday and Tuesday due to gas shedding, while 380 CNG stations of Faisalabad region were remained closed their Business owing to gas shedding, here on Sun
Published 15 Nov, 2010 12:00am
Commissioner can empower IR officials to demand tax record

Commissioner can empower IR officials to demand tax record

The Federal Board of Revenue (FBR) has empowered all officials of Inland Revenue, authorised by the concerned commissioner, to direct taxpayers for submitting tax records/documents to conduct sales tax audit under section 25 of the Sales Tax Act, 1990.
Published 15 Nov, 2010 12:00am
Commissioner can empower IR officials to demand tax record

Commissioner can empower IR officials to demand tax record

The Federal Board of Revenue (FBR) has empowered all officials of Inland Revenue, authorised by the concerned commissioner, to direct taxpayers for submitting tax records/documents to conduct sales tax audit under section 25 of the Sales Tax Act, 1990.
Published 15 Nov, 2010 12:00am
Commissioner can empower IR officials to demand tax record

Commissioner can empower IR officials to demand tax record

The Federal Board of Revenue (FBR) has empowered all officials of Inland Revenue, authorised by the concerned commissioner, to direct taxpayers for submitting tax records/documents to conduct sales tax audit under section 25 of the Sales Tax Act, 1990.
Published 15 Nov, 2010 12:00am
Germany renews call for permanent UN seat

Germany renews call for permanent UN seat

Germany repitched its appeal for a permanent seat on the United Nations Security Council Sunday, following Washington's backing of Asian heavyweights India and Japan for such posts. "Germany is also ready to take on more responsibility," German Foreign Mi
Published 15 Nov, 2010 12:00am
Germany renews call for permanent UN seat

Germany renews call for permanent UN seat

Germany repitched its appeal for a permanent seat on the United Nations Security Council Sunday, following Washington's backing of Asian heavyweights India and Japan for such posts. "Germany is also ready to take on more responsibility," German Foreign Mi
Published 15 Nov, 2010 12:00am
Nato says five soldiers killed in Afghanistan

Nato says five soldiers killed in Afghanistan

Five soldiers serving with the Nato-led force in Afghanistan were killed on Sunday, including three in a clash with insurgents in the east, the coalition said, one of the worst daily tolls in a month. The International Security Assistance Force (ISAF) gav
Published 15 Nov, 2010 12:00am
Nato says five soldiers killed in Afghanistan

Nato says five soldiers killed in Afghanistan

Five soldiers serving with the Nato-led force in Afghanistan were killed on Sunday, including three in a clash with insurgents in the east, the coalition said, one of the worst daily tolls in a month. The International Security Assistance Force (ISAF) gav
Published 15 Nov, 2010 12:00am
Malik Saeed arrested in Saudi Arabia

Malik Saeed arrested in Saudi Arabia

Malik Saeed a contractor to provide transport to Pakistani pilgrims during Hajj was arrested in Saudi Arabia on Sunday, Aaj News reported. According to the channel, the Saudi authorities arrested Malik Saeed after complaints lodged by the Pakistani pilgri
Published 15 Nov, 2010 12:00am
Malik Saeed arrested in Saudi Arabia

Malik Saeed arrested in Saudi Arabia

Malik Saeed a contractor to provide transport to Pakistani pilgrims during Hajj was arrested in Saudi Arabia on Sunday, Aaj News reported. According to the channel, the Saudi authorities arrested Malik Saeed after complaints lodged by the Pakistani pilgri
Published 15 Nov, 2010 12:00am
Sugar crisis

Sugar crisis

According to newspapers, sugar mill owners in Punjab have earned 2.72 billion rupees in last two weeks by increasing the prices of sugar. I wonder what the government is doing for reducing the prices (except the blame-game).
Published 15 Nov, 2010 12:00am
Cheap and clean energy

Cheap and clean energy

Dabeer Hashmi, in his letter, 'Electricity crisis' in Business Recorder of November 13, while lamenting about loadshedding, has said, "Almighty Allah has given us each and everything of our need. He keeps on bestowing upon us and we keep on wasting
Published 15 Nov, 2010 12:00am
Eastern Europe's first science centre wows in Poland

Eastern Europe's first science centre wows in Poland

Eastern Europe can finally boast its first ultra-modern, multi-million dollar science museum in the Polish capital Warsaw, a city already drawing tens of thousands to Europe's biggest annual outdoor science fair.
Published 15 Nov, 2010 12:00am
In Pakistan's interest

In Pakistan's interest

Why is it that every time there is a need for reform, especially the ones that are likely to be unpopular, the government insists that it is being forced down our throat by the international financial institutions (IFIs) - the IMF, World Bank and Asian De
Published 15 Nov, 2010 12:00am
Transparency is no quick fix?

Transparency is no quick fix?

In what he would probably term a scathing attack on donors for their failure to support Pakistan's 20 million flood victims, Federal Finance Minister Dr Hafeez Sheikh stated that "there are some countries that do not want to bail out Pakistan and...are us
Published 15 Nov, 2010 12:00am
Jamali cold-shouldered

Jamali cold-shouldered

Quite expectedly, Mir Zafarullah Khan Jamali has failed to successfully persuade Nawaz Sharif to come to the fold of Muttahida Muslim League - at least of now.
Published 15 Nov, 2010 12:00am
The principles of democracy

The principles of democracy

Although, Oxford Advanced Learner's Dictionary defines words 'banana republic' as "a poor country with a weak government, that depends on foreign money" what essentially distinguishes a functional democracy from a banana republic is the inviolability of i
Published 15 Nov, 2010 12:00am
Japan to return historical documents to South Korea

Japan to return historical documents to South Korea

Tokyo and Seoul on Sunday signed an agreement for the return of more than 1,200 volumes of Korean historical texts that were taken during its war-time colonisation by Japan. Japanese Prime Minister Naoto Kan and South Korean President Lee Myung Bak met an
Published 15 Nov, 2010 12:00am
Indian politician in graft probe to have property seized

Indian politician in graft probe to have property seized

Indian authorities investigating a former state chief minister accused of corruption are likely to seize property from him worth millions of dollars, a report said Sunday. Madhu Koda is in prison facing charges of accepting hundreds of millions of dollars
Published 15 Nov, 2010 12:00am
Lebanon's Hariri vows he won't give in to 'threats'

Lebanon's Hariri vows he won't give in to 'threats'

Lebanese Prime Minister Saad Hariri has vowed not to give in to "threats" in a television interview, after his Hezbollah rivals ramped up rhetoric against a UN-backed probe into his father's murder.
Published 15 Nov, 2010 12:00am
US senator 'stunned' at Karzai comments

US senator 'stunned' at Karzai comments

Republican Senator Lindsey Graham, who met with Afghan President Hamid Karzai during a recent visit, said on Sunday he was "stunned" at Karzai's comments to a Washington newspaper, which appeared at odds with US military strategy.
Published 15 Nov, 2010 12:00am
Karzai wants US to cut back Afghan military operations

Karzai wants US to cut back Afghan military operations

Afghan President Hamid Karzai wants the US military to scale back the visibility and intensity of its operations in Afghanistan and end night raids that he said incited people to join the Taliban insurgency, The Washington Post reported on Saturday.
Published 15 Nov, 2010 12:00am
Haiti cholera toll tops 900, six provinces affected

Haiti cholera toll tops 900, six provinces affected

The death toll from Haiti's cholera epidemic has reached more than 900 and the disease is present in six of the 10 provinces of the earthquake-battered Caribbean country, the Health Ministry said on Sunday.
Published 15 Nov, 2010 12:00am
Italian giant truffle sold for 105,000 euros

Italian giant truffle sold for 105,000 euros

A giant white truffle was sold off on Sunday to a Hong Kong buyer for 105,000 euros (144,000 dollars) at a lavish auction near the town of Alba in northern Italy, organisers said. The truffle weighed 900 grammes and the auction was held at the medieval Ca
Published 15 Nov, 2010 12:00am
Hiroshima Nobel summit closes without Liu statement

Hiroshima Nobel summit closes without Liu statement

The Dalai Lama and other Nobel Peace laureates ended a Hiroshima meeting Sunday by calling for a nuclear-free world but made no statement on this year's winner, Chinese dissident Liu Xiaobo.
Published 15 Nov, 2010 12:00am
Iraq violence kills eight

Iraq violence kills eight

Violence in central and northern Iraq killed eight people, four of them troops, on Sunday, security officials said. In the deadliest attack, a roadside bomb killed three soldiers in a town south of the ethnically mixed northern oil hub of Kirkuk, police C
Published 15 Nov, 2010 12:00am
Bangladesh police fire tear gas at protesters

Bangladesh police fire tear gas at protesters

Police fired tear gas in Bangladeshi capital Dhaka on Sunday as political violence that broke out on Saturday continued during a day-long general strike, officers and witnesses said. Thousands of protesters marched on the streets of Dhaka and other cities
Published 15 Nov, 2010 12:00am
Delay possible to Greek debt repayments: Prime Minister

Delay possible to Greek debt repayments: Prime Minister

Greek Prime Minister Georges Papandreou said he did not rule out asking for more time to pay back the 110 billion euro loan granted Greece in May by the EU and IMF in an interview published Sunday. "The question has already been put on the table," he told
Published 15 Nov, 2010 12:00am
Hundreds protest in Moscow against journalist attacks

Hundreds protest in Moscow against journalist attacks

Around 200 people protested in the centre of Moscow on Sunday to demand a halt to attacks on Russian journalists and activists after a string of assaults on reporters, an AFP correspondent said.
Published 15 Nov, 2010 12:00am
Palestinians say settlers torched their olive trees

Palestinians say settlers torched their olive trees

Palestinians said that Israeli settlers in the occupied West Bank burned about 200 of their olive trees on Sunday and also torched surrounding grazing land. The alleged attackers were seen heading in the direction of the nearby Elon Moreh settlement after
Published 15 Nov, 2010 12:00am
'Pakistan ranks seventh amongst high-diabetic countries'

'Pakistan ranks seventh amongst high-diabetic countries'

Among the top 10 countries in the world with people suffering from diabetes, Pakistan ranks seventh, and by year 2030, it will rank fourth unless action is taken to implement effective public health programmes, said experts on the occasion of World Diabet
Published 15 Nov, 2010 12:00am
Political reconciliation need of the hour: Minister

Political reconciliation need of the hour: Minister

Provincial Minister for Finance and Planning & Development, Tanvir Ashraf Kaira has said that political parties should forget their petty differences and work together to solve the problems of the people especially in controlling price-hike. He said that
Published 15 Nov, 2010 12:00am
Record high cotton prices jeopardise apparel, home textile industries

Record high cotton prices jeopardise apparel, home textile industries

Cotton crop arrivals appear attaining peak level in this month. A sharp drop of Rs 3,000 a maund of 37.324 Kg ex-gin last week would force the seed-cotton suppliers / growers to accelerate the pace of deliveries in fear of further drop in cotton prices.
Published 15 Nov, 2010 12:00am
Record high cotton prices jeopardise apparel, home textile industries

Record high cotton prices jeopardise apparel, home textile industries

Cotton crop arrivals appear attaining peak level in this month. A sharp drop of Rs 3,000 a maund of 37.324 Kg ex-gin last week would force the seed-cotton suppliers / growers to accelerate the pace of deliveries in fear of further drop in cotton prices.
Published 15 Nov, 2010 12:00am
Tai Chi reduces arthritis pains

Tai Chi reduces arthritis pains

The Chinese exercise regimen Tai Chi helps reduce fatigue and arthritis pain, a new study has found. "Our study shows that there are significant benefits of the Tai Chi course for individuals with all types of arthritis, including fibromyalgia, rheumatoid
Published 15 Nov, 2010 12:00am
Mother-baby HIV box aims to help halt transmission

Mother-baby HIV box aims to help halt transmission

It's no great medical breakthrough, just a simple colour-coded box packed with HIV drugs and pictures, but its backers UNICEF hope it may help finally end transmission of the often deadly virus to babies.
Published 15 Nov, 2010 12:00am
China to rein in dioxin emissions to help air quality

China to rein in dioxin emissions to help air quality

China has said it aims to cut the intensity of dioxin emissions in key industries by 10 percent by 2015, as part of efforts by the world's top polluter to tackle ever-worsening air quality. The Ministry of Environmental Protection said in a statement that
Published 15 Nov, 2010 12:00am
Scientists turn skin into blood

Scientists turn skin into blood

Stem cell researchers have found a way to turn a person's skin into blood, a process that could be used to treat cancer and other ailments, according to a Canadian study published on November 07. The method uses cells from a patch of a person's skin and t
Published 15 Nov, 2010 12:00am
Tuberculosis levels off with progress in China, India: WHO

Tuberculosis levels off with progress in China, India: WHO

The World Health Organisation said on November 11 that the number of cases of tuberculosis world-wide had levelled off last year, with lifesaving inroads against the disease especially in China and India.
Published 15 Nov, 2010 12:00am
Special formula may help prevent childhood diabetes

Special formula may help prevent childhood diabetes

Researchers said on Wednesday they found some evidence that keeping babies off cow's milk may help prevent the development of type 1 diabetes in children with an inherited risk of the disease. The children will have to be followed for years to be sure, bu
Published 15 Nov, 2010 12:00am
Text messaging joins Africa's war on AIDS

Text messaging joins Africa's war on AIDS

Using mobile-phone text messages to remind HIV patients to take their dose of life-saving medications can give a major boost to drug adherence, according to an innovative trial in Kenya unveiled on November 9. In the "WelTel Kenya1" study, three clinics r
Published 15 Nov, 2010 12:00am
Mobile technology can help improve global health: Gates

Mobile technology can help improve global health: Gates

Mobile technology can help improve global health with cheap diagnostic tools, patient reminders and making immunisation programmes more efficient, Microsoft founder Bill Gates said on November 9. "The mobile phone is pretty interesting for lots of things,
Published 15 Nov, 2010 12:00am
Android now second biggest smartphone platform

Android now second biggest smartphone platform

Google's Android mobile operating system surged past Apple's iPhone and Canada's Blackberry in the third quarter to become the second biggest smartphone platform after Nokia's Symbian, research firm Gartner said on Nevember 10.
Published 15 Nov, 2010 12:00am
35 hours of video a minute uploaded to YouTube

35 hours of video a minute uploaded to YouTube

YouTube said on November 11 that 35 hours of video are being uploaded to the video-sharing site every minute, up from 24 hours per minute in March. Hunter Walk, director of product management at Google-owned YouTube, said the number of uploads to YouTube
Published 15 Nov, 2010 12:00am
Mobile subscriptions in N Korea 'quadruple'

Mobile subscriptions in N Korea 'quadruple'

Mobile phone subscriptions have more than quarupled in North Korea in 12 months, the operator said on November 9, as a growing number of youths in the reclusive communist state clamour for wireless telecom. Cairo-based Orascom Telecom Holding said in its
Published 15 Nov, 2010 12:00am
Microsoft's MSN in tie-up with China's Sina

Microsoft's MSN in tie-up with China's Sina

US software firm Microsoft's online services arm said November 11 that it has inked an agreement to tie up with leading Chinese portal Sina in its latest move to expand in the world's largest web market.
Published 15 Nov, 2010 12:00am
Facebook may be poised to launch email service

Facebook may be poised to launch email service

Facebook, rumoured for some time to be planning its own email service, may finally be on the verge of doing so in a move that would send a shot across the bow of Google, Yahoo! and Microsoft.
Published 15 Nov, 2010 12:00am
New Web browser launched with backing from Netscape pioneer

New Web browser launched with backing from Netscape pioneer

RockMelt, a new Web browser that highlights social networking, launched on November 8 with backing from the co-founder of browsing pioneer Netscape. RockMelt, which launched in beta, or test, version is vying to make a mark in a crowded Web browser arena
Published 15 Nov, 2010 12:00am
Bangladesh links villages to Internet

Bangladesh links villages to Internet

Bangladesh on November 11 launched rural information service centres to connect villages to the Internet to give ordinary people the benefits of information technology.
Published 15 Nov, 2010 12:00am
Apple to bring iAd mobile ad platform to Japan

Apple to bring iAd mobile ad platform to Japan

Apple and Japanese advertising giant Dentsu Inc are teaming up to bring the California-based company's iAd advertising network for portable devices to Japan early next year, the companies said on November 10. Dentsu, Japan's largest ad agency, will sell a
Published 15 Nov, 2010 12:00am
System to prevent drivers nodding off at wheel devised

System to prevent drivers nodding off at wheel devised

Scientists at Germany's Fraunhofer Institute have designed a system to prevent drivers from nodding off at the wheel, developer Frank Klefenz told German Press Agency dpa on Tuesday. The technology, which tracks eyelid and pupil movements, is to be instal
Published 15 Nov, 2010 12:00am
Google rolls out instant preview of search results

Google rolls out instant preview of search results

Search giant Google rolled out an instant preview feature of search results on November 9 as it attempts to preserve its online lead from the joint challenge of Microsoft and Yahoo.
Published 15 Nov, 2010 12:00am
Web tool aims at preventing embarrassing messages online

Web tool aims at preventing embarrassing messages online

A Web security company is offering a free tool designed to prevent users of social networks from posting embarrassing drunken messages online. On the premise that "Nothing good happens after 1:00 am," the tool from Colorado-based Webroot promises to "put
Published 15 Nov, 2010 12:00am
Barclays bank says profits slump in third quarter

Barclays bank says profits slump in third quarter

British bank Barclays said on November 09 that underlying profits slumped 76 percent in the third quarter, hit by its poorly-performing investment unit and despite a sharp drop in bad debts. Pre-tax earnings collapsed to 327 million pounds (379 million eu
Published 15 Nov, 2010 12:00am
GE to invest $2 billion in China

GE to invest $2 billion in China

US conglomerate General Electric said on November 09 that it plans to invest more than two billion dollars over two years to improve research and development in China and to fund new joint ventures. GE Chairman and Chief Executive Jeff Immelt said during
Published 15 Nov, 2010 12:00am
S&P plans to create second Gulf ETF in 2010 and 2011

S&P plans to create second Gulf ETF in 2010 and 2011

Standard and Poor's plans to help launch the Gulf Arab region's second exchange-traded fund (ETF) this or next year in collaboration with several local providers, the ratings agency said on November 08.
Published 15 Nov, 2010 12:00am
S&P plans to create second Gulf ETF in 2010 and 2011

S&P plans to create second Gulf ETF in 2010 and 2011

Standard and Poor's plans to help launch the Gulf Arab region's second exchange-traded fund (ETF) this or next year in collaboration with several local providers, the ratings agency said on November 08.
Published 15 Nov, 2010 12:00am
Gap opens first store in China

Gap opens first store in China

US clothing retailer Gap Inc opened its first store in mainland China on November 11, the first of its four planned stores in the country, as it banks on rising Chinese incomes to prop up soft demand back home.
Published 15 Nov, 2010 12:00am
Etisalat says to create $8 billion bond programme

Etisalat says to create $8 billion bond programme

UAE telecoms group Etisalat, which is eyeing a stake in Kuwait's Zain, said on November 11 it will create an $8 billion bond programme in the coming few days. Etisalat will establish a $7 billion global medium-term note (GMTN) programme and a $1 billion s
Published 15 Nov, 2010 12:00am
Etisalat says to create $8 billion bond programme

Etisalat says to create $8 billion bond programme

UAE telecoms group Etisalat, which is eyeing a stake in Kuwait's Zain, said on November 11 it will create an $8 billion bond programme in the coming few days. Etisalat will establish a $7 billion global medium-term note (GMTN) programme and a $1 billion s
Published 15 Nov, 2010 12:00am
Societe Generale keen for Egyptian acquisition

Societe Generale keen for Egyptian acquisition

French bank Societe Generale is interested in acquisition opportunities in Egypt but will keep its growth strategy organic in other areas where it is already present, said its international retail head.
Published 15 Nov, 2010 12:00am
Islamic finance in Gulf needs regulation boost

Islamic finance in Gulf needs regulation boost

From Australia to South Africa, governments are scrambling to change the law to accommodate the $1 trillion Islamic finance industry, whose avoidance of toxic debt has looked increasingly attractive since the global crisis. But in the Gulf Arab region, bi
Published 15 Nov, 2010 12:00am
Miner to drill beneath Sydney for gas

Miner to drill beneath Sydney for gas

Miners will drill under central Sydney hoping to strike what is believed to be a vast natural gas reserve the government Sunday said could reduce the Australian city's carbon footprint.
Published 15 Nov, 2010 12:00am
OECD says Australia should tax all miners

OECD says Australia should tax all miners

The OECD has supported Australia's controversial proposed mining tax by saying it is fair and efficient and recommended it be imposed on all miners. In an upbeat survey of Australia's economic future, the Organisation for Economic Co-operation and Develop
Published 15 Nov, 2010 12:00am
Bangladesh, Turkey target $3 billion in trade by 2015

Bangladesh, Turkey target $3 billion in trade by 2015

Bangladesh and Turkey agreed on Sunday to boost bilateral trade to $3 billion a year by 2015, from $600 million at present, a Bangladesh official said. Bangladesh Prime Minister Sheikh Hasina and her Turkish counterpart Tayyip Erdogan, who is on a two-day
Published 15 Nov, 2010 12:00am
High US deficits could spark bond crisis: Greenspan

High US deficits could spark bond crisis: Greenspan

The United States must move to rein in its massive budget deficits or it faces the risk of a bond market crisis, former Federal Reserve Chairman Alan Greenspan said on Sunday. "We've got to resolve this issue," Greenspan said of the ballooning US debt lev
Published 15 Nov, 2010 12:00am
High US deficits could spark bond crisis: Greenspan

High US deficits could spark bond crisis: Greenspan

The United States must move to rein in its massive budget deficits or it faces the risk of a bond market crisis, former Federal Reserve Chairman Alan Greenspan said on Sunday. "We've got to resolve this issue," Greenspan said of the ballooning US debt lev
Published 15 Nov, 2010 12:00am
Obama opposes permanent tax break for wealthy

Obama opposes permanent tax break for wealthy

President Barack Obama will not go along with a permanent extension of tax cuts for the wealthiest, presidential adviser David Axelrod said on Sunday, without closing the door to a temporary continuation. "There's no bend on the permanent extension of tax
Published 15 Nov, 2010 12:00am
Painful road ahead for Japan on free trade, says Kan

Painful road ahead for Japan on free trade, says Kan

Tearing down the trade barriers surrounding its faltering economy will mean "pain and suffering" for Japan, Prime Minister Naoto Kan warned Sunday as he concluded a Pacific Rim summit.
Published 15 Nov, 2010 12:00am
Oil prices up to $90 won't hurt global economy: Iran

Oil prices up to $90 won't hurt global economy: Iran

Iran's OPEC governor said oil prices of $70-$90 per barrel would not hurt the global economy and that up to $100 might not create problems, the oil ministry's official website SHANA reported on Sunday.
Published 15 Nov, 2010 12:00am
World economy needs 'profound reform': Pope

World economy needs 'profound reform': Pope

Pope Benedict XVI on Sunday called for "profound reform" of the world economy in the wake of last week's G20 summit in Seoul, calling for a revival of agriculture to ensure sustainable development.
Published 15 Nov, 2010 12:00am
Bin Laden Group wins bid for Jeddah airport revamp

Bin Laden Group wins bid for Jeddah airport revamp

Saudi industrial conglomerate Bin Laden Group has won two contracts worth 27 billion riyal ($7.2 billion) to revamp King Abdulaziz International Airport in the Red Sea port city of Jeddah, the state news agency reported. The contracts were for the first p
Published 15 Nov, 2010 12:00am
UAE central bank tells lenders to provision quarterly

UAE central bank tells lenders to provision quarterly

UAE banks have been told to take provisions for bad loans on a quarterly basis, in long-awaited guidelines from the central bank aimed at bringing the banking system in line with international standards. Banks in the United Arab Emirates have suffered fro
Published 15 Nov, 2010 12:00am
India eyes double-digit growth

India eyes double-digit growth

India is eyeing double-digit growth as it pulls out of the worst global financial slump in decades, its finance minister said Sunday, but needs greater foreign investment to speed growth. Pranab Mukherjee's upbeat forecast to the India World Economic Foru
Published 15 Nov, 2010 12:00am
Iraq signs deals for Mansuriyah, Siba fields

Iraq signs deals for Mansuriyah, Siba fields

Iraq's oil ministry signed deals with foreign companies on Sunday to develop its Mansuriyah and Siba natural gas fields, as it tries to boost its energy production and break into global gas markets.
Published 15 Nov, 2010 12:00am
South Africa probing problems with currency printer

South Africa probing problems with currency printer

The agency responsible for printing the currency of South Africa and other southern African countries has suspended an official for possible technical flaws in producing notes under his watch, it said on Sunday.
Published 15 Nov, 2010 12:00am
Eighth world title gives Pacquiao unique status

Eighth world title gives Pacquiao unique status

Manny Pacquiao cemented his place in the pantheon of boxing greats by recording an unanimous points victory over Antonio Margarito on Saturday to claim the vacant WBC super welterweight title. The 31-year-old southpaw dominated all 12 rounds against his b
Published 15 Nov, 2010 12:00am
Soderling wins Paris Masters

Soderling wins Paris Masters

Robin Soderling signalled his intentions for the season-ending ATP World Tour Finals when he claimed his maiden Masters title with a clinical 6-1 7-6 defeat of local favourite Gael Monfils in Paris on Sunday. Fourth seed Soderling, twice a French Open run
Published 15 Nov, 2010 12:00am
Harbhajan props up India

Harbhajan props up India

Indian off-spinner Harbhajan Singh frustrated New Zealand with the bat once again, smashing 85 runs off 82 balls on the third day of the second Test on Sunday. The feisty tailender hammered five sixes and seven fours to add 69 runs for the unfinished last
Published 15 Nov, 2010 12:00am
Umer Akmal's horrible stroke brought downfall

Umer Akmal's horrible stroke brought downfall

Prodigiously talented, Umer Akmal is proving to be the prodigal son of Pakistan cricket. His sublime skills have never been in doubt, but question marks over his temperament keep piling, at a higher rate than his recent run- scoring.
Published 15 Nov, 2010 12:00am
South Africa take control of first Test against Pakistan

South Africa take control of first Test against Pakistan

South Africa held the upper hand in the first Test against Pakistan after paceman Morne Morkel grabbed five wickets and off-spinner Johan Botha took three on the third day at the Dubai Stadium on Sunday. South Africa reached 139-2 at stumps to increase th
Published 15 Nov, 2010 12:00am
Chelsea stunned 3-0 by inspired Sunderland

Chelsea stunned 3-0 by inspired Sunderland

Chelsea suffered a shock defeat and their first home loss in the Premier League this season when Sunderland beat them 3-0 thanks to goals from Nedum Onuoha, Asamoah Gyan and Danny Welbeck on Sunday.
Published 15 Nov, 2010 12:00am
Platini warns that match-fixers risk their careers

Platini warns that match-fixers risk their careers

UEFA president Michel Platini has warned that players who get involved in match-fixing are putting their careers on the line. "I always tell the players to be very careful," Platini told a news conference on Sunday. "They should know they'll never play fo
Published 15 Nov, 2010 12:00am
Amir desperate to return

Amir desperate to return

Muhammad Amir, the Pakistan fast bowler provisionally suspended by the International Cricket Council (ICC) for his alleged involvement in the spot-fixing controversy, has said he is "desperate" to return to the national team.
Published 15 Nov, 2010 12:00am
Vettel becomes youngest Formula One world champion

Vettel becomes youngest Formula One world champion

German Sebastian Vettel was crowned as the youngest drivers champion in Formula One history on Sunday when he outstripped all his rivals and won the Abu Dhabi Grand Prix for the outstanding Red Bull team.
Published 15 Nov, 2010 12:00am
Asian Games 2010: Park shines but can't stop Chinese juggernaut

Asian Games 2010: Park shines but can't stop Chinese juggernaut

South Korean swimming superstar Park Tae-Hwan powered back to his best at the Asian Games on Sunday, but China dominated once again with another 18 gold medals. The Games saw their first world records with Chinese weightlifter Li Ping setting new marks in
Published 15 Nov, 2010 12:00am
Investors assume worst in murky euro reform debate

Investors assume worst in murky euro reform debate

Confusion over governments' intentions, and poor communications between officials and markets, are causing eurozone bond investors to assume the worst as weak countries grapple with their debts. The bond yields of Ireland, Portugal and Greece have soared
Published 15 Nov, 2010 12:00am
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