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Print - 2010-12-06
Israel overpowers deadly blaze after four-day battle

Israel overpowers deadly blaze after four-day battle

Fire-fighters have overpowered the deadly blaze which tore through a forest in northern Israel after a four-day battle aided by aircraft from the around the world, officials said on Sunday. "The fire is under control. There are no longer any major seats o
Published 06 Dec, 2010 12:00am
Russian satellites crash after failed launch

Russian satellites crash after failed launch

Three Russian satellites crashed into the Pacific Ocean on Sunday after a failed launch, in a setback to a Kremlin project designed as a rival to the widely used US GPS navigation technology. Russian news agencies said the satellites veered off course and
Published 06 Dec, 2010 12:00am
Shark kills German woman in Egypt

Shark kills German woman in Egypt

A shark mauled to death a German woman tourist snorkelling off Sharm el-Sheikh on Sunday, in the third shark attack in Egypt's popular Red Sea resort in a week, local officials told AFP. Mohammed Salem, director of South Sinai Conservation, said she died
Published 06 Dec, 2010 12:00am
China orders nation-wide inspections after deadly blast

China orders nation-wide inspections after deadly blast

China ordered a nation-wide safety inspection of Internet cafes and other entertainment venues on Sunday after a powerful explosion in the south-west killed six people and left 38 injured. The order from the Ministry of Culture came after the blast ripped
Published 06 Dec, 2010 12:00am
Swiss bank checks Assange account amid doubt over address

Swiss bank checks Assange account amid doubt over address

The Swiss Post Office said on Sunday that it was carrying out checks on Wikileaks founder Julian Assange's account with its banking arm, after doubts emerged over the Swiss address he gave. Wikileaks has advertised the PostFinance account details online t
Published 06 Dec, 2010 12:00am
UN sees climate talks progress but disputes linger

UN sees climate talks progress but disputes linger

The United Nations on Sunday pointed to progress in one track of negotiations on climate change, but questions persisted on whether the talks in Mexico can take concrete steps toward a new treaty.
Published 06 Dec, 2010 12:00am
UN sees climate talks progress but disputes linger

UN sees climate talks progress but disputes linger

The United Nations on Sunday pointed to progress in one track of negotiations on climate change, but questions persisted on whether the talks in Mexico can take concrete steps toward a new treaty.
Published 06 Dec, 2010 12:00am
Gates visits Oman; Iran, Yemen on agenda

Gates visits Oman; Iran, Yemen on agenda

Tensions with Iran and the escalating terrorist threat in Yemen were main topics of discussion during US Defence Secretary Robert Gates' meeting Sunday with leaders in Oman. An ally of both the United States and Iran, Oman has served as an intermediary in
Published 06 Dec, 2010 12:00am
Gates visits Oman; Iran, Yemen on agenda

Gates visits Oman; Iran, Yemen on agenda

Tensions with Iran and the escalating terrorist threat in Yemen were main topics of discussion during US Defence Secretary Robert Gates' meeting Sunday with leaders in Oman. An ally of both the United States and Iran, Oman has served as an intermediary in
Published 06 Dec, 2010 12:00am
France, India close in on nuclear reactor sale

France, India close in on nuclear reactor sale

France and India are likely to sign a framework contract during President Nicolas Sarkozy's visit to India for the sale of at least two French atomic reactors but a final deal could take another six months, a French source said on Sunday.
Published 06 Dec, 2010 12:00am
France, India close in on nuclear reactor sale

France, India close in on nuclear reactor sale

France and India are likely to sign a framework contract during President Nicolas Sarkozy's visit to India for the sale of at least two French atomic reactors but a final deal could take another six months, a French source said on Sunday.
Published 06 Dec, 2010 12:00am
Punish WikiLeaks source 'vigorously': Saudi royal

Punish WikiLeaks source 'vigorously': Saudi royal

A senior Saudi royal demanded on Sunday that the source of US embassy cables published by WikiLeaks be "vigorously punished" and suggested the credibility of America's diplomats had been hurt by the disclosures. "If diplomats and leaders can't exchange th
Published 06 Dec, 2010 12:00am
Punish WikiLeaks source 'vigorously': Saudi royal

Punish WikiLeaks source 'vigorously': Saudi royal

A senior Saudi royal demanded on Sunday that the source of US embassy cables published by WikiLeaks be "vigorously punished" and suggested the credibility of America's diplomats had been hurt by the disclosures. "If diplomats and leaders can't exchange th
Published 06 Dec, 2010 12:00am
Turkish diplomat meets Israeli official in Geneva

Turkish diplomat meets Israeli official in Geneva

A top Turkish diplomat met Sunday with an Israeli official in Geneva to discuss ways of settling the deep crisis between the two countries, a Turkish foreign ministry official said. "I can confirm that a meeting took place today in Geneva," the official t
Published 06 Dec, 2010 12:00am
Turkish diplomat meets Israeli official in Geneva

Turkish diplomat meets Israeli official in Geneva

A top Turkish diplomat met Sunday with an Israeli official in Geneva to discuss ways of settling the deep crisis between the two countries, a Turkish foreign ministry official said. "I can confirm that a meeting took place today in Geneva," the official t
Published 06 Dec, 2010 12:00am
Five killed as racing car rams into crowd

Five killed as racing car rams into crowd

Five people were killed and two others were wounded on Sunday evening when during a car race one of the cars crashed into the spectators standing on a footpath in Rawat area of Rawalpindi. According to police, one car went out of control of the driver and
Published 06 Dec, 2010 12:00am
Five killed as racing car rams into crowd

Five killed as racing car rams into crowd

Five people were killed and two others were wounded on Sunday evening when during a car race one of the cars crashed into the spectators standing on a footpath in Rawat area of Rawalpindi. According to police, one car went out of control of the driver and
Published 06 Dec, 2010 12:00am
MONEY WEEK: need of credit to rural areas

MONEY WEEK: need of credit to rural areas

Seasonal working capital need marginally revived private credit amid record high cotton prices. Nonetheless, even though soaring price of the white gold is bringing life to the textile sector, private credit flow in the quarter to date (19-Nov) at Rs 86 b
Published 06 Dec, 2010 12:00am
MONEY WEEK: need of credit to rural areas

MONEY WEEK: need of credit to rural areas

Seasonal working capital need marginally revived private credit amid record high cotton prices. Nonetheless, even though soaring price of the white gold is bringing life to the textile sector, private credit flow in the quarter to date (19-Nov) at Rs 86 b
Published 06 Dec, 2010 12:00am
MONEY WEEK: need of credit to rural areas

MONEY WEEK: need of credit to rural areas

Seasonal working capital need marginally revived private credit amid record high cotton prices. Nonetheless, even though soaring price of the white gold is bringing life to the textile sector, private credit flow in the quarter to date (19-Nov) at Rs 86 b
Published 06 Dec, 2010 12:00am
Altaf to address Ulema today

Altaf to address Ulema today

The chief of Muttahida Qaumi Movement (MQM), Altaf Hussain, will address a gathering of Ulema on telephone from London on Monday to promote sectarian harmony during Muharramul Haram. According to a statement issued on Sunday by the MQM headquarters "Nine
Published 06 Dec, 2010 12:00am
Chairman NAB leaves for US

Chairman NAB leaves for US

A delegation of National Accountability Bureau (NAB) headed by its Chairman former Justice Syed Deedar Hussain Shah left for Washington to attend an international conference on combating transnational bribery. According to a press release, the delegation
Published 06 Dec, 2010 12:00am
Dry weather forecast for next two days

Dry weather forecast for next two days

Pakistan Meteorological Department (PMD) on Sunday forecast mainly dry weather for different parts of the country during next 24 hours. However isolated rain with snowfall over the hills is also expected over upper Khyber Pakhtoonkhwa, Gilgit-Baltistan, K
Published 06 Dec, 2010 12:00am
PAF to construct 600 houses for flood victims

PAF to construct 600 houses for flood victims

Following the successful completion of rescue and relief operations in flood affected areas, Pakistan Air Force (PAF) Sunday launched a project to construct 600 housing units for the shjelterless flood victims. The groundbreaking ceremonies of the project
Published 06 Dec, 2010 12:00am
Plan worked out to generate power through solar energy

Plan worked out to generate power through solar energy

In wake of the power crisis being faced by the country, Azad Jammu and Kashmir (AJK) government would soon achieve a major breakthrough in solar energy sector, official sources said. The sources told APP here Sunday that the integrated solar energy utilis
Published 06 Dec, 2010 12:00am
Degeneration of humanity

Degeneration of humanity

Decomposed bodies, retrieved from a filthy nullah in Pishin, symbolizes the degeneration of humanity and the protracted indifference of the government that is busy striking underhand deals of the gold and copper that actually belongs to our public, the re
Published 06 Dec, 2010 12:00am
Success in Asian Games

Success in Asian Games

Pakistan hockey team and squash teams have made Pakistan proud. In both sports, Pakistan won gold medal in Asian Games. It was very good to see that hockey team win the final against Malaysia. I remember that before the Commonwealth Games, PHF President Q
Published 06 Dec, 2010 12:00am
RGST and salaried class

RGST and salaried class

The government is trying very hard to convince the opposition political parties and people to get RGST bill passed by National Assembly. After the RGST, it is confirmed by experts that prices of many basic commodities will go up and it will directly attac
Published 06 Dec, 2010 12:00am
Cholera burial team gets no rest in Haiti

Cholera burial team gets no rest in Haiti

The mobile phone of Rochefort Saint-Louis has been ringing non-stop for weeks, and each ring means one thing only: someone has died of cholera in Haiti's Western Province, where Port-au-Prince is located. Saint-Louis is the co-ordinator of the so-called E
Published 06 Dec, 2010 12:00am
Is project Greater Albania gaining acceptance?

Is project Greater Albania gaining acceptance?

The idea of a Greater Albania that was formulated some 130 years ago has floated back and forth between the realms of daydreams and realistic policies. It is essentially the concept of shifting Balkan borders one more time, to enable all ethnic Albanians
Published 06 Dec, 2010 12:00am
Inflation and the public

Inflation and the public

Inflation, we know every time we go to shop, is on the rise. Just by how much is debatable. All stakeholders whose responsibility it is to keep inflationary pressures in check, namely the federal government and the State Bank of Pakistan (SBP), are at gre
Published 06 Dec, 2010 12:00am
Sindh Bank

Sindh Bank

The government of Sindh was finally able to cross the first major hurdle of setting up its own bank on 3rd December, 2010 when it was granted licence to operate the Sindh Bank after complying with the initial regulatory requirements of the State Bank. Acc
Published 06 Dec, 2010 12:00am
WikiLeaks: The horse is out of the barn

WikiLeaks: The horse is out of the barn

Six days on, the tsunami of revelations released by the WikiLeaks is still raging with full fury; nor are any signs of its relenting or retreating. What has been released so far is said to be just the tip of the iceberg. What is still in store, we don't k
Published 06 Dec, 2010 12:00am
Car plows into group of cyclists in Italy, 7 dead

Car plows into group of cyclists in Italy, 7 dead

Police say a speeding car has plowed into a group of cyclists in southern Italy and killed at least seven of them. Sgt. Umberto Perri of the municipal police in Lamezia Terme said two other people were airlifted by helicopter to area hospitals in critical
Published 06 Dec, 2010 12:00am
Yemen blamed Iran for crashed US spy plane: WikiLeaks

Yemen blamed Iran for crashed US spy plane: WikiLeaks

Yemen's government had intentionally identified a crashed unmanned spy plane as Iranian while knowing it belonged to the United States, according to a WikiLeaks release of a US memo seen Sunday. The April 2007 memo from the US embassy in Sanaa reported th
Published 06 Dec, 2010 12:00am
Three hikers killed in avalanche in French Alps

Three hikers killed in avalanche in French Alps

Regional officials say three hikers have died in a snow avalanche in the French Alps. Authorities in the Isere region say the accident occurred near the Ayes pass close to the town of Saint-Pancrasse on Sunday.
Published 06 Dec, 2010 12:00am
Top Chinese officials led Google hacking: WikiLeaks

Top Chinese officials led Google hacking: WikiLeaks

The hacking of Google Inc that led the Internet company to briefly pull out of China was orchestrated by two members of China's top ruling body, according to US diplomatic cables released by WikiLeaks and cited by The New York Times on Saturday. Citing th
Published 06 Dec, 2010 12:00am
China to lead world in innovation by 2020: survey

China to lead world in innovation by 2020: survey

China is set to become the world's most important centre for innovation by 2020, overtaking both the United States and Japan, according to a public opinion survey to be published on Monday. China is already the world's second-largest economy, after establ
Published 06 Dec, 2010 12:00am
Brother of Dagestan president killed in air crash

Brother of Dagestan president killed in air crash

The brother of the president of the Russian republic of Dagestan was one of the two people killed in a plane crash at Moscow airport, a Dagestan official quoted by Ria-Novosti agency said Sunday.
Published 06 Dec, 2010 12:00am
Protesters march in Hong Kong for jailed Nobel winner Liu

Protesters march in Hong Kong for jailed Nobel winner Liu

About 400 protesters marched through central Hong Kong on Sunday calling for the release of jailed Chinese Nobel Peace Prize winner Liu Xiaobo, less than a week before the award ceremony in Oslo. Activists chanted and waved placards demanding Liu's releas
Published 06 Dec, 2010 12:00am
Flood chaos in Balkans as Europe begins to thaw

Flood chaos in Balkans as Europe begins to thaw

An early cold snap slowly released Europe from its icy grip Sunday after days of mayhem and dozens of deaths, but floods displaced thousands in the Balkans and chaos still hit Spanish airports.
Published 06 Dec, 2010 12:00am
Malaysian police fire tear gas on opposition protest

Malaysian police fire tear gas on opposition protest

Malaysian police on Sunday fired tear gas and water cannons to break up an opposition-backed protest focused on public utilities after some 5,000 defied a ban on the rally. Human rights lawyer Latifah Koya said about 60 people were arrested and were being
Published 06 Dec, 2010 12:00am
Haiti anti-elections protesters clash with police

Haiti anti-elections protesters clash with police

Stone-throwing Haitian protesters demanding the annulment of elections held a week ago clashed on Sunday with riot police next to the damaged presidential palace in the capital, witnesses said.
Published 06 Dec, 2010 12:00am
Thailand marks 83rd birthday of king

Thailand marks 83rd birthday of king

Thailand on Sunday marked the 83rd birthday of King Bhumibol Adulyadej, the world's longest-reigning monarch, but elaborate celebrations could not mask concern over his health and the future of the royal institution.
Published 06 Dec, 2010 12:00am
New heart scans pose small cancer risk

New heart scans pose small cancer risk

The added cancer risk from undergoing state-of-the-art heart scans may be trivial, according to Greek researchers. Over a lifetime, they estimate, about one in 4,000 women who've had their hearts examined once with the latest generation of computed tomogr
Published 06 Dec, 2010 12:00am
Tiny blood vessels show air pollution, heart disease link

Tiny blood vessels show air pollution, heart disease link

By photographing tiny blood vessels in a person's eyes, researchers have found a way to link exposure to air pollution with a higher risk of heart disease, a study published on November 30 said.
Published 06 Dec, 2010 12:00am
Salty diet does harm in heart failure

Salty diet does harm in heart failure

People who've experienced heart failure and eat a high-salt diet are more likely to end up in the hospital, a new study finds. "High salt intake is particularly dangerous for heart failure patients, even for those who are doing well and are stable on thei
Published 06 Dec, 2010 12:00am
Treating dengue more difficult with growing obesity

Treating dengue more difficult with growing obesity

Experts warned that treating dengue, a potentially fatal disease caused by a mosquito-borne virus, will become more difficult in the future as more people around the world become overweight and obese.
Published 06 Dec, 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 06 Dec, 2010 12:00am
Global temperature up 4oC by 2060s

Global temperature up 4oC by 2060s

World temperatures could soar by 4 degrees Celsius (7.2 degrees Fahrenheit) by the 2060s in the worst case of global climate change and require an annual investment of $270 billion just to contain rising sea levels, studies suggested.
Published 06 Dec, 2010 12:00am
2010 so far among three warmest years: UN

2010 so far among three warmest years: UN

This year is set to be among the three warmest since records began in 1850 and caps a record-warm decade that is a new indication of man-made climate change, the United Nations said on December 02.
Published 06 Dec, 2010 12:00am
Climate deaths more than double in 2010: Oxfam

Climate deaths more than double in 2010: Oxfam

Climate-related disasters killed 21,000 people in the first nine months of this year, more than double the number in 2009, the humanitarian organisation Oxfam reported.
Published 06 Dec, 2010 12:00am
UNICEF says HIV-free generation is achievable

UNICEF says HIV-free generation is achievable

A generation of babies could be born free of AIDS if the international community stepped up efforts to provide universal access to HIV prevention, treatment and social protection, the United Nations said.
Published 06 Dec, 2010 12:00am
DiBcom still sees life in live TV on mobiles

DiBcom still sees life in live TV on mobiles

Broadcasters and telecom operators could inject new life into the faltering technology to broadcast live TV to mobiles, though the search for a viable business model continues, the head of mobile TV chip maker DiBcom said on Dec 1.
Published 06 Dec, 2010 12:00am
Rules for chatting: kids must be careful when using new media

Rules for chatting: kids must be careful when using new media

Most young people can hardly go a day without logging on to the Internet. In particular, they love to enter chat rooms to interact with people their age with similar interests. At least that's what they want to believe it is about. But a lot of dangers lu
Published 06 Dec, 2010 12:00am
US regulator wants 'Do Not Track' button on Internet

US regulator wants 'Do Not Track' button on Internet

US regulators in charge of protecting the privacy of consumers are proposing safeguards including a "Do Not Track" mechanism for people who want to be stealthy online. The Federal Trade Commission (FTC) preliminary staff report released on December 1 is i
Published 06 Dec, 2010 12:00am
Verizon launches new high-speed service

Verizon launches new high-speed service

Verizon Wireless introduced a new high-speed wireless data service, which it said will be up to 10 times faster than its existing wireless service. The top US mobile company, a venture of Verizon Communications Inc and Vodafone Group Plc, said the 4G LTE
Published 06 Dec, 2010 12:00am
Google ramps up fight against online piracy

Google ramps up fight against online piracy

Google on December 2 unveiled new tactics to thwart "bad apples" that post or share pirated material on the Internet. "As the web has grown, we have seen a growing number of issues relating to infringing content," Google general counsel Kent Walker said i
Published 06 Dec, 2010 12:00am
Google alters algorithm to combat abusive sellers

Google alters algorithm to combat abusive sellers

Google is tweaking its algorithms after an online eyeglass merchant managed to get his site listed at the top of search rankings by being deliberately rude to customers and sparking complaints.
Published 06 Dec, 2010 12:00am
Apple's iPad goes on sale in S Korea

Apple's iPad goes on sale in S Korea

Apple's iPad went on sale on December 30 in South Korea, three weeks after the local giant Samsung Electronics launched its rival tablet computer the Galaxy Tab in its home market. One hundred invited pre-order customers, anxious to get their hands on the
Published 06 Dec, 2010 12:00am
Microsoft in talks for new TV service

Microsoft in talks for new TV service

Microsoft Corp has held talks with media companies to license TV networks for a new online pay-television subscription service through devices such as its Xbox video game console, two people familiar with the plans told Reuters.
Published 06 Dec, 2010 12:00am
Tencent to offer Facebook-like services: report

Tencent to offer Facebook-like services: report

Chinese Internet firm Tencent plans to offer users links to third-party websites and access to externally developed applications, mirroring some features of Facebook, a report said on November 29. Tencent was testing about 10 third-party applications to r
Published 06 Dec, 2010 12:00am
Almost half of Israel left without mobile phone service

Almost half of Israel left without mobile phone service

Almost half of Israel's population was left without mobile phone services on December 1 after the country's biggest operator was hit by a massive network outage. Cellcom said the crash meant its 3.3 million customers, roughly 44 percent of Israel's popula
Published 06 Dec, 2010 12:00am
President Press Club Mirpurkhas shot dead

President Press Club Mirpurkhas shot dead

President Mirpurkhas Press Club and senior journalist Sultan Mehmood Chandio was killed in firing outside his house in Al-Imran Town phase-II in the limits of Town police station here on Sunday.
Published 06 Dec, 2010 12:00am
Speakers call for continued support to R&D

Speakers call for continued support to R&D

The participants at 10th 'Biennial Conference of Pakistan Society for Biochemistry and Molecular Biology' (PSBMB) have called for continued unhindered support to research activities in the universities of the country. The five-day conference concluded, he
Published 06 Dec, 2010 12:00am
Sindh University Convocation 2009 held

Sindh University Convocation 2009 held

Sindh University (SU) has conferred 755 Bachelors, Masters, M.Phil and Ph.D degrees while 99 male and female candidates received gold and silver medals in academic convocation-2009 held here on Sunday at Allama I.I.Kazi Campus Jamshoro.
Published 06 Dec, 2010 12:00am
Moong, bajra, Irri prices rise; world commodities' move both ways

Moong, bajra, Irri prices rise; world commodities' move both ways

Moong, bajra, Irri, guwar and dyes were marked gaining on the wholesale commodity markets during the week ended on December 4, while commodities depicted mixed pattern abroad. On Monday wheat old registered higher at Rs 2640, while new was trading at Rs 2
Published 06 Dec, 2010 12:00am
Volatility in cotton market may extend to third quarter of cotton season

Volatility in cotton market may extend to third quarter of cotton season

Latest national cotton arrival and disposal figures through 1st. December, 10 mention total arrivals as 8.357 million local weight bales against 10.428 million bales same period last season - shortfall being 2.070 million bales = 19.86 percent; Sindh shor
Published 06 Dec, 2010 12:00am
Volatility in cotton market may extend to third quarter of cotton season

Volatility in cotton market may extend to third quarter of cotton season

Latest national cotton arrival and disposal figures through 1st. December, 10 mention total arrivals as 8.357 million local weight bales against 10.428 million bales same period last season - shortfall being 2.070 million bales = 19.86 percent; Sindh shor
Published 06 Dec, 2010 12:00am
Bangladesh exports surge 30 percent on apparel sales

Bangladesh exports surge 30 percent on apparel sales

Bangladesh's exports in November surged 30 percent to $1.55 billion, led by strong demand for the country's ready-made garments, the Export Promotion Bureau said on Sunday. Exports for July to November, the first five months of 2010/11 fiscal year, were u
Published 06 Dec, 2010 12:00am
Zain shareholder threatens to sue any Zain Saudi buyers

Zain shareholder threatens to sue any Zain Saudi buyers

Al Fawares Holding, a Zain shareholder unhappy with the telecom carrier's sale process, threatened to sue potential buyers of the firm's Saudi unit in an escalation of its opposition to the deal with the UAE's Etisalat.
Published 06 Dec, 2010 12:00am
Passengers clog Spain's airports as strike lifts

Passengers clog Spain's airports as strike lifts

Hundreds of thousands of passengers packed Spain's airports Sunday as flights resumed after the military forced air traffic controllers to end a 24-hour wildcat strike under threat of jail. The strike hit an estimated 300,000 passengers on a long holiday
Published 06 Dec, 2010 12:00am
IMF to tell eurozone to boost rescue fund

IMF to tell eurozone to boost rescue fund

The eurozone should have a bigger rescue fund and the European Central Bank should boost its bond buying to prevent the sovereign debt crisis from derailing economic recovery, an IMF report obtained by Reuters said.
Published 06 Dec, 2010 12:00am
IMF to tell eurozone to boost rescue fund

IMF to tell eurozone to boost rescue fund

The eurozone should have a bigger rescue fund and the European Central Bank should boost its bond buying to prevent the sovereign debt crisis from derailing economic recovery, an IMF report obtained by Reuters said.
Published 06 Dec, 2010 12:00am
South Korean lawmakers call US trade deal 'humiliating'

South Korean lawmakers call US trade deal 'humiliating'

A sweeping free trade agreement with the United States looks set for a rough ride through the South Korean legislature after opposition parties branded it a "humiliating and treacherous" deal. But the ruling Grand National Party with a majority 172 seats
Published 06 Dec, 2010 12:00am
Afghanistan shakes up mining sector for transparency

Afghanistan shakes up mining sector for transparency

Afghanistan's mining minister says he has shaken up a "Soviet-era" mentality of compulsive secrecy, shed some of his staff and drawn up the ministry's first business plan in a bid to create a more accountable industry.
Published 06 Dec, 2010 12:00am
Russia's X5 retailer buys rival Kopeika

Russia's X5 retailer buys rival Kopeika

X5, Russia's biggest food retailer by sales, said it had reached an agreement to buy rival Kopeika, with sources close to the deal saying it was worth 51.5 billion roubles ($1.65 billion). X5 Chief Executive Officer Lev Khasis would not comment on the siz
Published 06 Dec, 2010 12:00am
South Korean parliament panel OKs bond tax bill

South Korean parliament panel OKs bond tax bill

A South Korean parliamentary subcommittee at the weekend gave a nod to reinstating taxes on foreigners' local bond investments in a flexible manner, a media report said on Sunday. The tax subcommittee of the National Assembly agreed to imposing a zero-to-
Published 06 Dec, 2010 12:00am
South Korean parliament panel OKs bond tax bill

South Korean parliament panel OKs bond tax bill

A South Korean parliamentary subcommittee at the weekend gave a nod to reinstating taxes on foreigners' local bond investments in a flexible manner, a media report said on Sunday. The tax subcommittee of the National Assembly agreed to imposing a zero-to-
Published 06 Dec, 2010 12:00am
Fast reforms can help Greece convince markets

Fast reforms can help Greece convince markets

Greece must try to cut deficits and pursue economic reforms at a faster pace to persuade markets of its ability to dig out of its debt crisis, its central banker said in a newspaper interview published on Sunday.
Published 06 Dec, 2010 12:00am
US lawmakers optimistic about tax cut deal

US lawmakers optimistic about tax cut deal

Senior US lawmakers said on Sunday they were optimistic about striking a deal to extend Bush-era tax cuts for all taxpayers and continue emergency jobless aid for millions of long-term unemployed Americans.
Published 06 Dec, 2010 12:00am
Germany sees risk of anti-euro party emerging

Germany sees risk of anti-euro party emerging

German Finance Minister Wolfgang Schaeuble said the risk of an anti-euro party arising had to be taken seriously in a newspaper interview in which he defended the troubled European single currency. "The danger of an anti-euro party needs to be taken serio
Published 06 Dec, 2010 12:00am
Czech crown to stay long, no euro opt-out needed

Czech crown to stay long, no euro opt-out needed

The Czech Republic does not need to negotiate a formal opt-out from joining the euro currency, which would not be to the country's advantage for a long time, Prime Minister Petr Necas said on Sunday.
Published 06 Dec, 2010 12:00am
ILO urges Gulf states to protect migrant workers

ILO urges Gulf states to protect migrant workers

The International Labour Organisation (ILO) on Sunday urged energy-rich Gulf countries to protect millions of migrant workers by reforming the sponsor system and introducing a minimum wage. ILO also called for allowing foreign workers to form representati
Published 06 Dec, 2010 12:00am
UAE hopes to rejoin Gulf single currency

UAE hopes to rejoin Gulf single currency

The United Arab Emirates hopes it and Oman will rejoin a planned Gulf single currency project one day, UAE economy minister was quoted as saying by a Saudi newspaper on Sunday, ahead of a Gulf rulers summit this week. Rulers from Gulf Arab countries will
Published 06 Dec, 2010 12:00am
Westwood triumphs at Sun City

Westwood triumphs at Sun City

Lee Westwood of England shot a final-round 68 Sunday to win the Sun City Challenge by eight strokes and remain world number one going into the new year. The 37-year-old needed a top-two finish at the north-west South African resort to ensure he stayed ahe
Published 06 Dec, 2010 12:00am
New team Kochi gets IPL go-ahead

New team Kochi gets IPL go-ahead

The Indian Premier League on Sunday cleared the new Kochi franchise to take part in the lucrative Twenty20 cricket tournament from next year, ending a long dispute over the team's ownership structure. The Board of Control for Cricket in India (BCCI), whic
Published 06 Dec, 2010 12:00am
Ogilvy wins Australian Open

Ogilvy wins Australian Open

Geoff Ogilvy claimed his first Australian Open title after a final round of three-under 69 at The Lakes Golf Club on Sunday. Showing the class that has helped him to eight other international career titles, Ogilvy maintained his dominance to win the Stone
Published 06 Dec, 2010 12:00am
Morocco's Gharib wins Fukuoka marathon

Morocco's Gharib wins Fukuoka marathon

Two-time world champion Jaouad Gharib of Morocco kept his own pace in a long solo run despite a surprise challenge by Kenya's Eliud Kiptanui for an easy victory in the Fukuoka marathon on Sunday. The Beijing Olympic silver medallist took the lead when the
Published 06 Dec, 2010 12:00am
Serbia win Davis Cup for first time

Serbia win Davis Cup for first time

Serbia celebrated their first Davis Cup title on Sunday as Viktor Troicki thrashed France's Michael Llodra to secure a memorable 3-2 victory inside a rocking Belgrade Arena. Chants of "Viktor" and "Serbia" reverberated around the imposing 17,000-capacity
Published 06 Dec, 2010 12:00am
ICC eyes June 2013 for first test world championship

ICC eyes June 2013 for first test world championship

The International Cricket Council is eyeing June 2013 for the inaugural test world championship and will use current rankings to decide the four playoff spots, CEO Haroon Lorgat told Australian radio on Sunday.
Published 06 Dec, 2010 12:00am
London Mayor revokes FIFA hotel freebie

London Mayor revokes FIFA hotel freebie

Mayor of London Boris Johnson has reportedly withdrawn his offer to let FIFA executives stay at London's posh Dorchester hotel for free during the 2012 Olympics in the English capital. According to the BBC website, Johnson's snub to FIFA president Sepp Bl
Published 06 Dec, 2010 12:00am
BBC defends controversial FIFA broadcast

BBC defends controversial FIFA broadcast

The British Broadcasting Corporation on Sunday defended a broadcast levelling allegations of bribery at FIFA despite the programme being seen in some quarters as having helped derail England's chances of hosting the 2018 World Cup.
Published 06 Dec, 2010 12:00am
Lille back on top after six-goal rout of Lorient

Lille back on top after six-goal rout of Lorient

Senegal striker Moussa Sow claimed a hat-trick as Lille returned to the top of the French first division with an extraordinary 6-3 win at home to Lorient in their rearranged game on Sunday.
Published 06 Dec, 2010 12:00am
Sangakkara bemoans 'topsy turvy' weather

Sangakkara bemoans 'topsy turvy' weather

Sri Lanka captain Kumar Sangakkara called for cricket officials to analyse weather patterns thoroughly before hosting test matches after the third and final test against West Indies ended in a tame draw at the Pallakele Stadium on Sunday. The three-test s
Published 06 Dec, 2010 12:00am
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