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Print - 2012-03-26
GSK to create 1,000 jobs with help of British budget

GSK to create 1,000 jobs with help of British budget

British drugmaker GlaxoSmithKline will create 1,000 jobs and open a new production site in northern England, it said on March 22, citing the government's budget as a key reason for the investment.
Published 26 Mar, 2012 12:00am
Protests against power loadshedding continue

Protests against power loadshedding continue

Citizens and industrial workers staged protest demonstrations against the unscheduled prolonged load shedding, here Sunday on fourth consecutive day, while eight persons were injured in an armed clash between shopkeepers and protestors at Chowk Clock Towe
Published 26 Mar, 2012 12:00am
World Theatre Day on April 27

World Theatre Day on April 27

World Theatre day will be observed on March 27 all over the world including Pakistan to increase intercultural awareness among masses. This year marks the 50th anniversary of World Theatre Day, created to celebrate the power of theatre to strengthen cultu
Published 26 Mar, 2012 12:00am
10 killed in Afghan bombing: Officials

10 killed in Afghan bombing: Officials

Eight Afghan security personnel and a foreign soldier were among 10 people killed in a Taliban-style roadside bombing in the southern province of Kandahar, officials said Sunday.
Published 26 Mar, 2012 12:00am
Mumbai residents pay 437,000 dollars in spitting fines

Mumbai residents pay 437,000 dollars in spitting fines

Residents of India's financial hub, Mumbai, paid fines worth 437,000 dollars for spitting in just six months in spite of health officials warning it was spreading tuberculosis, news reports said Sunday. The 200-rupee (about 4-dollar) fine for the offence
Published 26 Mar, 2012 12:00am
Kuwait arrests seven Iraqi sailors in its waters: KUNA

Kuwait arrests seven Iraqi sailors in its waters: KUNA

Kuwaiti coastguards arrested seven Iraqi sailors on a fishing boat on Sunday, saying they had trespassed into Kuwait's northern territorial waters, state-run news agency KUNA said. The sailors had been taken to the Marine Security Department for investiga
Published 26 Mar, 2012 12:00am
Merkel's CDU wins in German state but allies out

Merkel's CDU wins in German state but allies out

Angela Merkel's Free Democrat (FDP) coalition partners crashed out of the assembly in the state of Saarland on Sunday with just 1.5 percent of the vote, according to exit polls, continuing a dismal run which has weakened Germany's centre-right government.
Published 26 Mar, 2012 12:00am
Iraqi woman attacked in California home; threat left

Iraqi woman attacked in California home; threat left

A mother from Iraq was gravely injured after being attacked in her home in this southern California city and left with a threatening note nearby, police said on Saturday. Shaima Alawadi, 32, was found unconscious in the dining room of her home in El Cajon
Published 26 Mar, 2012 12:00am
Spain's centre-right set to win key elections in Andalucia

Spain's centre-right set to win key elections in Andalucia

Voters in Spain's economically troubled region of Andalucia were expected to hand victory on Sunday to the centre-right People's Party, boosting Prime Minister Mariano Rajoy as he slashes spending to pull Spain out of the euro zone debt crisis.
Published 26 Mar, 2012 12:00am
UK asks China to probe death in ousted Bo's city

UK asks China to probe death in ousted Bo's city

Britain said on Sunday it had asked China to investigate the death of a British man in Chongqing, the south-west Chinese metropolis formerly run by Bo Xilai, the leadership contender whose abrupt ousting shook the ruling Communist Party. The British natio
Published 26 Mar, 2012 12:00am
Moroccans stage a pro-Palestinian march

Moroccans stage a pro-Palestinian march

Tens of thousands of Moroccans staged a pro-Palestinian march in Rabat on Sunday in a show of force organised by an Islamist group seen as the main opposition to Morocco's monarchy. A Reuters reporter in the Moroccan capital said at least 40,000 people jo
Published 26 Mar, 2012 12:00am
Greek protesters disrupt national day parades

Greek protesters disrupt national day parades

Greek police fired tear gas on Sunday to disperse anti-austerity protesters at national day parades to mark Greece's independence from Ottoman rule in three cities.
Published 26 Mar, 2012 12:00am
US says Iran active in north, south Yemen

US says Iran active in north, south Yemen

Washington believes Iran is working with Shi'ite Muslim rebels in northern Yemen and secessionists in the country's south to expand its influence at the expense of Yemen's Gulf neighbours, the US envoy to Sanaa was quoted as saying on Sunday.
Published 26 Mar, 2012 12:00am
Syrian forces on the offensive; Annan in Moscow

Syrian forces on the offensive; Annan in Moscow

Russia offered "full support" for peace envoy Kofi Annan's efforts to end fighting in Syria on Sunday but said his mission would need more time as forces loyal to President Bashar al-Assad attacked Homs and other rebel strongholds.
Published 26 Mar, 2012 12:00am
Turning point in the currency war

Turning point in the currency war

A counteroffensive of sorts may be underway this year in what has seemed like a one-sided "global currency war" as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies.
Published 26 Mar, 2012 12:00am
British growth data, trading updates await London investors

British growth data, trading updates await London investors

An official estimate of British growth in the fourth quarter of last year and a clutch of trading updates from bluechip companies are on the agenda for London's stock market investors next week. The capital's FTSE 100 index of leading shares finished at 5
Published 26 Mar, 2012 12:00am
Tokyo stocks could gain on hope of recovery

Tokyo stocks could gain on hope of recovery

Tokyo shares may stage a rally in the coming week if positive economic data boosts sentiment after they were depressed in the past few sessions by worries over a global slowdown, analysts said Friday. In the week to March 23, the benchmark Nikkei 225 inde
Published 26 Mar, 2012 12:00am
Austerity will help Brazil trim rates more: Belchior

Austerity will help Brazil trim rates more: Belchior

Brazil's tighter controls on government spending are here to stay and will help the central bank further cut its lofty benchmark interest from 9.75 percent, Planning Minister Miriam Belchior said on Saturday.
Published 26 Mar, 2012 12:00am
Slim majority expect Bank Indonesia to hold rates for rest of 2012

Slim majority expect Bank Indonesia to hold rates for rest of 2012

A slim majority of economists expect Bank Indonesia to keep interest rates on hold this year, as it aims to support growth while averting a resurgence in inflation, a Reuters poll showed. The poll of 23 economists, conducted after the central bank held ra
Published 26 Mar, 2012 12:00am
Wall Street week ahead: last-minute shopping could lift stocks

Wall Street week ahead: last-minute shopping could lift stocks

Portfolio managers will be doing some last-minute shopping for winners from the big US stock market rally as they take part next week in the quarter-end ritual of window dressing. The activity could help stocks resume their upward course in the week ahead
Published 26 Mar, 2012 12:00am
Czech central bank rate seen flat rest of year

Czech central bank rate seen flat rest of year

The Czech central bank will keep its key two-week repo rate at an all-time low of 0.75 percent for the rest of 2012 as the latest pick up in inflation driven by a tax hike subsides, while growth remains close to zero, a Reuters poll showed.
Published 26 Mar, 2012 12:00am
Mining sector could fuel 2012 IPO flurry

Mining sector could fuel 2012 IPO flurry

The mining sector could bring a flurry of IPOs to London and elsewhere in the second half of 2012 after several lean years for investors and bankers, as miners eye deals or seek to raise funds for increasingly costly projects. The IPO waiting list is buil
Published 26 Mar, 2012 12:00am
Modest rises seen in major government bond yields

Modest rises seen in major government bond yields

Yields on major government bonds will rise only slightly in the coming year as the global economic recovery stutters and huge amounts of liquidity continue to swirl through markets, a Reuters poll showed on Thursday.
Published 26 Mar, 2012 12:00am
Modest rises seen in major government bond yields

Modest rises seen in major government bond yields

Yields on major government bonds will rise only slightly in the coming year as the global economic recovery stutters and huge amounts of liquidity continue to swirl through markets, a Reuters poll showed on Thursday.
Published 26 Mar, 2012 12:00am
Canada's Harper says Viterra bid not 'primarily' foreign

Canada's Harper says Viterra bid not 'primarily' foreign

Canadian Prime Minister Stephen Harper said on Sunday that the structure of Glencore's C$6.1 billion ($6.1 billion) deal to buy No. 1 Canadian grain handler Viterra means it should not necessarily be seen as a full foreign take-over.
Published 26 Mar, 2012 12:00am
Chile central bank president says rate neutral, no bias

Chile central bank president says rate neutral, no bias

Chile's interest rate is at a neutral level and has no directional bias, due to an uptick in inflation and a softer than expected slowdown, central bank president Rodrigo Vergara told a local newspaper's Sunday edition. The bank cut the key rate for the f
Published 26 Mar, 2012 12:00am
China banks underestimate local government loan risks

China banks underestimate local government loan risks

China's banking regulator has told its lenders they incorrectly classified about 20 percent of their outstanding local government loans into the safest category of lending, Bloomberg reported on Saturday, citing a person with knowledge of the matter whom
Published 26 Mar, 2012 12:00am
GM to expand capacity in low-cost countries

GM to expand capacity in low-cost countries

General Motors may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in Britain, a German magazine said, citing an internal strategy document. If vehicle sales rise, GM would build the addit
Published 26 Mar, 2012 12:00am
Sinopec fourth quarter net profit falls 30 percent, misses estimates

Sinopec fourth quarter net profit falls 30 percent, misses estimates

China Petroleum and Chemical Corp (Sinopec Corp), the country's second largest integrated oil company, posted a 30 percent fall in fourth-quarter net profit on Sunday, missing forecasts, as big losses at its refining arm offset upstream gains.
Published 26 Mar, 2012 12:00am
Young protege named Kuwait central bank governor

Young protege named Kuwait central bank governor

Kuwait's cabinet has approved Mohammad al-Hashel as the new governor of the country's central bank, promoting him from his position as deputy and marking the first change at the helm in over two decades. The 37-year-old replaces his former mentor Sheikh S
Published 26 Mar, 2012 12:00am
Oil shutdown pushing South Sudan to end row: Sudan

Oil shutdown pushing South Sudan to end row: Sudan

South Sudan's shutdown of its crude production in a damaging row with Sudan over oil payments appears to have backfired and put pressure on Juba to soften its bargaining stance, on e of Khartoum's negotiators said on Sunday.
Published 26 Mar, 2012 12:00am
Spain vows to stick to budget deficit targets

Spain vows to stick to budget deficit targets

Spain vowed Sunday to deliver on its promise to reduce its budget deficit, as the country's economic situation sparks concern in the eurozone and financial markets. "We're going to do it," Spain's secretary of state for EU affairs, Inigo Mendez de Vigo, t
Published 26 Mar, 2012 12:00am
Oman backs merger of HSBC unit with local lender

Oman backs merger of HSBC unit with local lender

Oman's central bank has approved the planned merger of HSBC Holdings' operations in the tiny Gulf Arab state with local lender Oman International Bank, the central bank said on Sunday. Both HSBC and OIB said in October last year they were in talks about m
Published 26 Mar, 2012 12:00am
German savings banks pull out of BayernLB deal

German savings banks pull out of BayernLB deal

German savings banks have pulled out of a deal to restructure Bayerische Landesbank , Bloomberg reported on Sunday, citing a person familiar with the talks.
Published 26 Mar, 2012 12:00am
German savings banks pull out of BayernLB deal

German savings banks pull out of BayernLB deal

German savings banks have pulled out of a deal to restructure Bayerische Landesbank , Bloomberg reported on Sunday, citing a person familiar with the talks.
Published 26 Mar, 2012 12:00am
Lufthansa weighing job cuts in Switzerland

Lufthansa weighing job cuts in Switzerland

German flagship airline Deutsche Lufthansa is looking at job cuts in Switzerland as part of group-wide cost-saving measures, its chief executive was quoted as saying in a Swiss newspaper on Sunday. "We are intensively looking into location-related costs,"
Published 26 Mar, 2012 12:00am
Lufthansa weighing job cuts in Switzerland

Lufthansa weighing job cuts in Switzerland

German flagship airline Deutsche Lufthansa is looking at job cuts in Switzerland as part of group-wide cost-saving measures, its chief executive was quoted as saying in a Swiss newspaper on Sunday. "We are intensively looking into location-related costs,"
Published 26 Mar, 2012 12:00am
UAE's First Gulf Bank lends $350 million to Indonesia's AKT

UAE's First Gulf Bank lends $350 million to Indonesia's AKT

First Gulf Bank is providing a $350 million loan to one of Indonesian coking coal producers PT Asmin Koalindo Tuhup (AKT) to meet its working capital needs for exports, the United Arab Emirates lender said on Sunday.
Published 26 Mar, 2012 12:00am
Whatmore satisfied with Pakistan's performance

Whatmore satisfied with Pakistan's performance

Pakistan coach Dav Whatmore Sunday expressed satisfaction over his team's performance during their winning Asia Cup campaign, saying it would have been the icing on the cake to beat arch-rivals India.
Published 26 Mar, 2012 12:00am
England have a point to prove, says captain

England have a point to prove, says captain

England captain Andrew Strauss on Sunday urged his world number one Test side to bounce back against Sri Lanka after the morale-sapping loss to Pakistan. "I think we've obviously got a point to prove," Strauss said ahead of the two-Test series starting at
Published 26 Mar, 2012 12:00am
South Africa take grip on New Zealand Test

South Africa take grip on New Zealand Test

Centuries from Alviro Petersen and JP Duminy gave South Africa an iron grip on the weather-affected third Test against New Zealand on Sunday in Wellington. South Africa declared their first innings at 474 for nine in the final session at Basin Reserve and
Published 26 Mar, 2012 12:00am
Birmingham back in top six after Cardiff draw

Birmingham back in top six after Cardiff draw

Birmingham returned to the top six of the second-tier Championship on Sunday after a 1-1 draw at home to Cardiff. Erik Huseklepp, after Marlon King had missed a penalty, gave the hosts a 68th minute lead before, 10 minutes later, Cardiff skipper Mark Huds
Published 26 Mar, 2012 12:00am
Djokovic, Federer advance, Clijsters crashes

Djokovic, Federer advance, Clijsters crashes

Defending champ Novak Djokovic and world No. 3 Roger Federer both advanced through the Miami Masters second round in straight sets, but crowd favourite Kim Clijsters crashed out of the women's draw. Top seed Djokovic easily defeated Marcos Baghdatis 6-4,
Published 26 Mar, 2012 12:00am
Australia may go with spin against West Indies: Clarke

Australia may go with spin against West Indies: Clarke

Captain Michael Clarke said Sunday Australia could play two spinners in the opening Test against the West Indies next month before he left to join up with the rest of the squad in the Caribbean. Clarke stayed in Australia for treatment on a hamstring inju
Published 26 Mar, 2012 12:00am
Leverkusen's Rolfes facing first suspension

Leverkusen's Rolfes facing first suspension

Leverkusen's Germany midfielder Simon Rolfes is facing the first suspension of his career after elbowing Schalke 04's teenage midfielder Julian Draxler in the face. Rolfes, who made the last of his 26 appearances for Germany in the 3-0 friendly win over H
Published 26 Mar, 2012 12:00am
Tendulkar still hungry for Indian success

Tendulkar still hungry for Indian success

Sachin Tendulkar said Sunday he was focused on helping India fight their way back to the top of cricket rather than on personal records after recently achieving his 100th international century. The 38-year-old brushed aside speculation about his retiremen
Published 26 Mar, 2012 12:00am
Sri Lanka ups prices for England Test

Sri Lanka ups prices for England Test

Sri Lanka's cricket chiefs have angered fans by adopting a 10-fold increase in ticket prices for the Test series against England starting on Monday. Daily tickets have been priced at 5,000 and 7,500 Sri Lankan rupees ($39 dollars and $58 dollars), as comp
Published 26 Mar, 2012 12:00am
Cisse double steers Newcastle closer to Europe

Cisse double steers Newcastle closer to Europe

Newcastle United continued their push for Europa League football next season when two excellent goals from Papiss Cisse and a superb strike from Hatem ben Arfa gave them a 3-1 win at West Bromwich Albion in the Premier League on Sunday.
Published 26 Mar, 2012 12:00am
Nagoya beat Niigata in J-League

Nagoya beat Niigata in J-League

Australian international striker Joshua Kennedy scored the decisive goal in helping Nagoya Grampus beat Albirex Niigata 2-1, lifting the side to fifth in the J-League standings on Sunday. Midfielder Mu Kanazaki opened the scoring four minutes into the sec
Published 26 Mar, 2012 12:00am
Time to turn the screw, Fergie tells United

Time to turn the screw, Fergie tells United

Sir Alex Ferguson believes Manchester United should be applauded for still being in the title race but has told his players to ram home their advantage against Fulham on Monday.
Published 26 Mar, 2012 12:00am
Swiss banks still draw rich despite secrecy blows

Swiss banks still draw rich despite secrecy blows

Swiss bankers are on the defensive with their secretive industry under sustained attack for sheltering tax dodgers. Some cannot travel abroad for fear of arrest in tax investigations.
Published 26 Mar, 2012 12:00am
Credit Suisse names Amine investment banking head

Credit Suisse names Amine investment banking head

Credit Suisse is reshuffling its investment banking business, installing Jim Amine as the sole global head of the unit while former co-head Luigi de Vecchi goes on sabbatical, according to an internal memo on March 20.
Published 26 Mar, 2012 12:00am
Apps could fence in free-range Internet

Apps could fence in free-range Internet

The free-ranging Internet is under assault by mobile applications that connect people exclusively to content kept in "walled gardens" online, according to a US study released on March 23.
Published 26 Mar, 2012 12:00am
Former US vice president Cheney gets heart transplant

Former US vice president Cheney gets heart transplant

Former US vice president Dick Cheney was in hospital Sunday, recovering after a long-awaited and "lifesaving" heart transplant from an unknown donor to whom he will "be forever grateful."
Published 26 Mar, 2012 12:00am
Australia's ruling Labor Party crushed in state polls

Australia's ruling Labor Party crushed in state polls

Australia's ruling Labor Party has suffered a crushing defeat in an election in the state of Queensland, handing the conservative Liberal National coalition the biggest majority in the state's history.
Published 26 Mar, 2012 12:00am
Senegal votes in cliff-hanger run-off poll

Senegal votes in cliff-hanger run-off poll

President Adboulaye Wade accused foreign powers of being duped by his political rivals on Sunday after casting his ballot in Senegal's most contentious poll in its recent history. The 85-year-old leader, whose bid for a third term triggered deadly street
Published 26 Mar, 2012 12:00am
'Exhausted' Suu Kyi cancels Myanmar campaign tour

'Exhausted' Suu Kyi cancels Myanmar campaign tour

Myanmar opposition leader Aung San Suu Kyi has cancelled campaign rallies a week before crucial parliamentary by-elections after being taken ill while on tour, her party said on Sunday. Suu Kyi, 66, had been vomiting as a result of air and sea sickness wh
Published 26 Mar, 2012 12:00am
Italian novelist Antonio Tabucchi dies

Italian novelist Antonio Tabucchi dies

Antonio Tabucchi, one of Italy's leading contemporary writers and a ferocious critic of billionaire former prime minister Silvio Berlusconi, died in Lisbon on Sunday at the age of 68. Tabucchi died of cancer in the country that had become his second home,
Published 26 Mar, 2012 12:00am
Afghan police seize 17 tonnes of explosives

Afghan police seize 17 tonnes of explosives

Afghanistan, March 25, 2012 (AFP) - Afghan police in the southern province of Kandahar have seized at least 17 tonnes of explosives insurgents were planning to use for improvised explosive devices, a senior officer said Sunday.
Published 26 Mar, 2012 12:00am
Beijing loyalist to lead Hong Kong after fraught election

Beijing loyalist to lead Hong Kong after fraught election

An election committee of about 1,200 Hong Kong notables picked Beijing-loyalist Leung Chun-ying as the city's next leader on Sunday, after a fraught campaign which will intensify pressure on China to keeps its promise to allow Hong Kong a direct leadershi
Published 26 Mar, 2012 12:00am
Little home comfort for Santorum in Pennsylvania

Little home comfort for Santorum in Pennsylvania

A staunch conservative from a moderate state, Rick Santorum is unlikely to get much home comfort in Pennsylvania as he tries to stay near the front of the race for the Republican presidential nomination.
Published 26 Mar, 2012 12:00am
Indian Maoists release one Italian hostage

Indian Maoists release one Italian hostage

One of two Italians, abducted by Maoist rebels in the eastern Indian state of Orissa, who was released Sunday said "your life gets stolen," but added that he was treated well. Tourist Claudio Colangelo, 61, was released to a team from broadcaster NDTV. Co
Published 26 Mar, 2012 12:00am
Chief minister Punjab vows to fight corruption

Chief minister Punjab vows to fight corruption

Punjab Chief Minister Shahbaz Sharif has said that serving the masses was the mission of Punjab government and all-out resources were being utilized for the betterment and uplift of deprived segments of the society.
Published 26 Mar, 2012 12:00am
Taliban faction claims French gunman trained in Pakistan

Taliban faction claims French gunman trained in Pakistan

The al Qaeda-inspired gunman who killed seven people in France trained with the a faction of the Pakistan Taliban at a camp near the border with Afghanistan, a spokesman for the militant group said on Sunday.
Published 26 Mar, 2012 12:00am
Threats to minister, MPA: Sindh chief minister orders investigation

Threats to minister, MPA: Sindh chief minister orders investigation

Sindh Chief Minister Syed Qaim Ali Shah has taken a serious notice of alleged threats received by Provincial Minister for Culture Ms Sassui Palejo, Sindh Minister, Abdul Salam Thaheem and MPA Rai Naz Bozdar who have been sent letters by some organisation.
Published 26 Mar, 2012 12:00am
Zardari attends Nauroz celebrations

Zardari attends Nauroz celebrations

Terming solidarity and unity as hallmark of South and Central Asian region, President Asif Ali Zardari on Sunday said the bonds that bring together people of the region, were deeply rooted in history, culture, religion and shared values.
Published 26 Mar, 2012 12:00am
FBR chief for enhancing revenue collection

FBR chief for enhancing revenue collection

Chairman Federal Board of Revenue (FBR) Mumtaz Haider Rizvi held a series of meetings in Lahore this weekend to strengthen this effort and to remove the hurdles, if any, to achieve the revenue collection target well in time.
Published 26 Mar, 2012 12:00am
Omega-three fat tied to less cancer-related fatigue

Omega-three fat tied to less cancer-related fatigue

Breast cancer survivors who eat a healthy dose of omega-3 fats may have some extra energy throughout their day, a new study suggests. Many people treated for cancer have lingering fatigue, even years after their therapy ends. There's evidence that good sl
Published 26 Mar, 2012 12:00am
Proper diet important for cancer patients

Proper diet important for cancer patients

When someone gets a diagnosis of cancer, radiation therapy or chemotherapy usually follow. But there is another measure that cancer patients should not underestimate - the proper diet. "When it comes to cancer, in particular, it's very important that the
Published 26 Mar, 2012 12:00am
Coffee not linked to psoriasis

Coffee not linked to psoriasis

First it was beer, then it was cigarettes. Finally, researchers have found a vice that's not tied to psoriasis: coffee. In fact, when Dr Abrar Qureshi and his team at Brigham and Women's Hospital in Boston first set out to study whether there was a link b
Published 26 Mar, 2012 12:00am
2001-2010 warmest decade on record: WMO

2001-2010 warmest decade on record: WMO

Climate change has accelerated in the past decade, the UN weather agency said on March 23, releasing data showing that 2001 to 2010 was the warmest decade on record. The 10-year period was also marked by extreme levels of rain or snowfall, leading to sign
Published 26 Mar, 2012 12:00am
Blood test could predict heart attacks: study

Blood test could predict heart attacks: study

US researchers have found oddly-shaped blood cells in heart attack patients, indicating that a blood test could help predict whether a patient is at risk of an imminent cardiac emergency. The study by the Scripps Translational Science Institute (STSI) fou
Published 26 Mar, 2012 12:00am
70,000 children dying every year from tuberculosis: WHO

70,000 children dying every year from tuberculosis: WHO

As many as 70,000 children are dying every year from tuberculosis, as the curable disease often goes unnoticed due to a failure by health workers to recognise the symptoms, the WHO said on March 21. "Often TB is undiagnosed in children because the symptom
Published 26 Mar, 2012 12:00am
Climate to cost $2 trillion yearly in damage to oceans: study

Climate to cost $2 trillion yearly in damage to oceans: study

Greenhouse gases are on track for inflicting costs of nearly $2 trillion annually in damage to the oceans by 2100, according to a Swedish study published on March 21. The estimate by the Stockholm Environment Institute is based on the assumption that clim
Published 26 Mar, 2012 12:00am
Electrotherapy dampens brain connections: study

Electrotherapy dampens brain connections: study

Scientists have discovered how electroconvulsive or electric shock therapy - a controversial but effective treatment - acts on the brains of severely depressed people and say the finding could help improve diagnosis and treatment of mental illness. Electr
Published 26 Mar, 2012 12:00am
Satellite images identify early human settlements

Satellite images identify early human settlements

An American archaeologist has used satellite images and a computer program to uncover thousands of ancient human settlements in Syria, according to a research study published on March 19. Software developed jointly by Harvard University professor Jason Ur
Published 26 Mar, 2012 12:00am
Consumer watchdog warns iPads hot to handle

Consumer watchdog warns iPads hot to handle

A vaunted consumer watchdog organisation on March 20 warned that Apple's new iPad is a bit hot to handle. US non-profit product testing group Consumer Reports reported that the new-generation iPad with its more powerful processor hit temperatures as high
Published 26 Mar, 2012 12:00am
Apple widens its lead in survey of app developers

Apple widens its lead in survey of app developers

Apple has cemented its dominance as the most popular mobile platform among application developers while Google's Android has receded and Research In Motion's devices plunged anew, according to a quarterly survey that may signal sales trends for mobile dev
Published 26 Mar, 2012 12:00am
Next sees UK consumer mood subdued in 2012

Next sees UK consumer mood subdued in 2012

The head of Next, Britain's second largest clothing retailer, said he expected the UK consumer mood to remain subdued in 2012. "I don't think things are going to get any worse than last year, they may get slightly better, but I don't think they're going t
Published 26 Mar, 2012 12:00am
Microsoft to release Windows 8 in October

Microsoft to release Windows 8 in October

Microsoft will release its new operating system Windows 8 in October, allowing the software company plenty of time to target shoppers over the holiday season, according to a report on March 20 by Bloomberg News.
Published 26 Mar, 2012 12:00am
Telcos to ease cellphones' use of WiFi hotspots

Telcos to ease cellphones' use of WiFi hotspots

Within a year cellphones will be able to use operators' WiFi hotspots without cumbersome logging-in procedures, giving consumers faster access to the Internet on the go, a new industry initiative promised on March 20.
Published 26 Mar, 2012 12:00am
Internet 'economy' to hit $4.2trn by 2016: study

Internet 'economy' to hit $4.2trn by 2016: study

Online business is playing an increasingly powerful role in national economies and is projected to account for $4.2 trillion of the Group of 20 nations' total gross domestic product by the year 2016.
Published 26 Mar, 2012 12:00am
UK's Metro Bank to add 260 jobs, eyes more capital

UK's Metro Bank to add 260 jobs, eyes more capital

Metro Bank, whose launch in 2010 marked the arrival of Britain's first new High Street retail bank in more than 100 years, has plans to hire around 260 more staff this year and is looking for additional capital to fund its development.
Published 26 Mar, 2012 12:00am
GSK to create 1,000 jobs with help of British budget

GSK to create 1,000 jobs with help of British budget

British drugmaker GlaxoSmithKline will create 1,000 jobs and open a new production site in northern England, it said on March 22, citing the government's budget as a key reason for the investment.
Published 26 Mar, 2012 12:00am
PostNL eyes special dividend from TNT sale

PostNL eyes special dividend from TNT sale

Dutch mail group PostNL is considering a one-off special dividend or share buyback after the sale of its stake in TNT Express to United Parcel Service, a PostNL official said.
Published 26 Mar, 2012 12:00am
UK's Metro Bank to add 260 jobs, eyes more capital

UK's Metro Bank to add 260 jobs, eyes more capital

Metro Bank, whose launch in 2010 marked the arrival of Britain's first new High Street retail bank in more than 100 years, has plans to hire around 260 more staff this year and is looking for additional capital to fund its development.
Published 26 Mar, 2012 12:00am
China surpasses US in smartphone activations: report

China surpasses US in smartphone activations: report

China has passed the United States when it comes to how many people are adopting smartphones and tablets powered by Apple or Google software, mobile analytics firm Flurry said on March 21.
Published 26 Mar, 2012 12:00am
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