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Print - 2012-06-18
Chief minister orders judicial inquiry into killing of four persons

Chief minister orders judicial inquiry into killing of four persons

Sindh Chief Minister Syed Qaim Ali Shah taking note of reports about killing of four persons near Jamshoro in police encounter, talked to MPA Sikandar Shoro and DIG Hyderabad on phone and then directed the Additional Secretary Home to get the incident pro
Published 18 Jun, 2012 12:00am
SAUDIS TELL PIA TO MAINTAIN FLIGHT SCHEDULES

SAUDIS TELL PIA TO MAINTAIN FLIGHT SCHEDULES

Pakistan International Airlines (PIA) has decided to increase technical human resource at Jeddah airport to assist its local staff in an effort to ensure punctuality of PIA flights' landings and takeoffs, being the core requirement of Saudi authorities, o
Published 18 Jun, 2012 12:00am
Name of BISP being misused

Name of BISP being misused

Karachiites, already beset by an unabated spree of violence, vandalism and high crime rate, are being fleeced by unscrupulous elements in the name of Benazir Income Support Program (BISP), Business Recorder learnt reliably.
Published 18 Jun, 2012 12:00am
Milkman gunned down in Quetta

Milkman gunned down in Quetta

Unidentified armed men gunned down a milkman in Fakir Muhammad road area of the provincial capital on Sunday. Police said that unknown gunmen riding bike opened fire at a milkman, killing him. The assailants managed to escape. The victim was identified as
Published 18 Jun, 2012 12:00am
Qaim condoles death

Qaim condoles death

Sindh Chief Minister Syed Qaim Ali Shah has condoled the demise of renowned educationist, poet and writer professor Afaq Siddiqui. In a statement on Sunday, Qaim expressed profound grief on the death of Afaq Siddiqui and prayed to Almighty Allah to rest t
Published 18 Jun, 2012 12:00am
Professor Afaq Siddiqui passes away

Professor Afaq Siddiqui passes away

Pakistan's famous researcher, poet and writer Professor Afaq Siddiqui passed away at the age of 86, on Sunday after protracted illness in Karachi. He was born in 1928 in a house of a police officer in India. He migrated to Pakistan after partition and was
Published 18 Jun, 2012 12:00am
Local ANP leader commits suicide to avoid arrest: police

Local ANP leader commits suicide to avoid arrest: police

Police on Sunday claimed that a local leader of the Awami National Party (ANP), Liaquat Bangash, killed himself by jumping off the roof of an apartment building to avoid arrest in Rabia City in the Gulistan-e-Jauhar area.
Published 18 Jun, 2012 12:00am
Bus owners' body calls for reduction in fares

Bus owners' body calls for reduction in fares

Anjuman-e-Ettehad Bus Malikan Karachi (AEBMK) has welcomed the cut in petroleum prices and called upon the transporters to reduce their fares to trickle down the effect to the common man.
Published 18 Jun, 2012 12:00am
Sindh Ombudsman orders action against unauthorised construction

Sindh Ombudsman orders action against unauthorised construction

Sindh Ombudsman Asad Ashraf Malik has ordered legal action against the concerned officers, owner/ builder involved in alleged unauthorised construction on plot No-163/4, street No-16, 'E' Road, Behar Colony, in Lyari Town of Karachi.
Published 18 Jun, 2012 12:00am
'Invention to Innovation-2012' summit today

'Invention to Innovation-2012' summit today

Pakistan Science Foundation (PSF)is organising "Invention to Innovation Summit-2012" in collaboration with the Institute for Research Promotion (IRP) and University of the Punjab, Lahore, here on Monday (today). Minister of State for Science & Technology
Published 18 Jun, 2012 12:00am
Certain new measures to be taken: Acting CCPO

Certain new measures to be taken: Acting CCPO

Acting CCPO Karachi, Ghulam Shabir Shaikh on Sunday said that certain new administrative steps would be taken to improve the law and order situation in the city. These included deployment of police force in plain clothes to check the growing incidents of
Published 18 Jun, 2012 12:00am
Prices move both ways on commodities' market

Prices move both ways on commodities' market

Shortened by one day on strike call by harassed businessmen trading experienced measured going, buying in mainly Ramazan related commodities during the past week. The world powers were overawed by lingering multiple problems like debt and food prices. Ban
Published 18 Jun, 2012 12:00am
Injections ineffective for knee arthritis: study

Injections ineffective for knee arthritis: study

Injections of the lubricating substance hyaluronic acid may be little help to people with knee arthritis, researchers reported on June 11. Hyaluronic acid exists naturally in the fluids that bathe the joints, where it acts like a shock absorber and lubric
Published 18 Jun, 2012 12:00am
Diabetes drug may help fight cancer

Diabetes drug may help fight cancer

A cheap and relatively safe diabetes drug, metformin, might have cancer-fighting properties, according to an international study - but findings fall short of proving it actually can stave off cancer. Researchers, whose findings were published in the Journ
Published 18 Jun, 2012 12:00am
Stem cells can be harvested long after death: study

Stem cells can be harvested long after death: study

Some stem cells can lay dormant for more than two weeks in a dead person and then be revived to divide into new, functioning cells, scientissts in France said on June 12 The research, published in the journal Nature Communications, unlocks further knowled
Published 18 Jun, 2012 12:00am
Environmental collapse now a serious threat

Environmental collapse now a serious threat

Climate change, population growth and environmental destruction could cause a collapse of the ecosystem just a few generations from now, scientists recently warned in the journal Nature.
Published 18 Jun, 2012 12:00am
Secondhand smoke tied to more health effects

Secondhand smoke tied to more health effects

People regularly exposed to secondhand smoke may have increased risks of dying from strokes and emphysema as well as from heart disease and lung cancer, according to a study from China that followed people for nearly two decades.
Published 18 Jun, 2012 12:00am
Key environment problems since 1972

Key environment problems since 1972

Since the world's first big environment conference in 1972, green issues have become woven into the political agenda and into consumer consciousness. But as this snapshot shows, few problems have been resolved and some are worsening fast.
Published 18 Jun, 2012 12:00am
'Spectrum crunch' may slow US mobile revolution

'Spectrum crunch' may slow US mobile revolution

The United States is bracing for a data crunch from the surging use of smartphones, tablets and other mobile devices as the explosion of Internet-ready devices eats up the radio spectrum allocated for mobile broadband.
Published 18 Jun, 2012 12:00am
New device powers gadgets through walking

New device powers gadgets through walking

British scientists have built a novel device that converts body movement into electricity capable of powering small gadgets such as GPS trackers. The device, unveiled last week in the July issue of the journal Smart Materials and Structures, is designed t
Published 18 Jun, 2012 12:00am
New app allows sharing of mobile Internet access

New app allows sharing of mobile Internet access

Travelling and looking for Internet access? A new smartphone app allows users to share mobile Web access for free with other people nearby who have the same app. Called Open Garden, the app forms a mesh network that enables each person connected to it to
Published 18 Jun, 2012 12:00am
Yahoo!, US cable station team up for finance news

Yahoo!, US cable station team up for finance news

Internet pioneer Yahoo! and US cable news network CNBC on June 13 launched a new drive to provide more original content both on the Yahoo! Finance website and on the air. CNBC will dramatically expand its presence on the site, which has a monthly audience
Published 18 Jun, 2012 12:00am
More Cubans have local intranet, mobile phones

More Cubans have local intranet, mobile phones

The number of Cubans linked to the country's state-controlled intranet jumped more than 40 percent in 2011 compared to the previous year and mobile phone use rose 30 percent, the government reported, even as Cuba's population remained largely cut off from
Published 18 Jun, 2012 12:00am
Skype jacks ads into free Internet phone calls

Skype jacks ads into free Internet phone calls

Skype on June 13 began showing callers on-screen ads while they use the globally popular free Internet telephone service. What Skype euphemistically referred to as "Conversation Ads" appear in calling windows of users who don't pay for subscriptions or ha
Published 18 Jun, 2012 12:00am
US web giants lead charge for new internet names

US web giants lead charge for new internet names

American internet giants Amazon and Google were the top applicants June 13 for a broad range of new top level domain names that could dramatically change the functioning of the internet address system.
Published 18 Jun, 2012 12:00am
Twitter widens window to links in tweets

Twitter widens window to links in tweets

Twitter added June 13 to the array of online content people could preview in messages without having to click on links included in tweets. People who access the one-to-many text messaging service online at twitter.com or mobile.twitter.com were provided m
Published 18 Jun, 2012 12:00am
Amazon offer Cloud Player app for iPhone

Amazon offer Cloud Player app for iPhone

Amazon on June 12 released its music player app for iPhone and iPod touch, a move that expands the reach of the Internet retail giant for Apple users. The Cloud Player app allows customers to stream or download music stored in Amazon accounts to the iPhon
Published 18 Jun, 2012 12:00am
Researchers find link between Flame & Stuxnet

Researchers find link between Flame & Stuxnet

The researchers who discovered the Flame spy virus said on June 11 that they had identified key components that it had in common with the earlier Stuxnet virus. The finding increased suspicions that the same organisation was responsible for both the virus
Published 18 Jun, 2012 12:00am
Microsoft's Bing adds Yelp to power local search

Microsoft's Bing adds Yelp to power local search

Microsoft's Bing search engine tied up on June 14 with the business review firm Yelp to power local search in a move countering similar offerings from Google and Apple. The two companies said Yelp content including review snippets, photos, business attrib
Published 18 Jun, 2012 12:00am
HTC boosts patent bank; not worried over disputes

HTC boosts patent bank; not worried over disputes

The head of Taiwanese smartphone maker HTC Corp, embroiled in patent battles with Apple Inc and others, said his company had completed the purchase of US graphics chipmaker S3 Graphics, arming itself with more than 200 patents.
Published 18 Jun, 2012 12:00am
HTC boosts patent bank; not worried over disputes

HTC boosts patent bank; not worried over disputes

The head of Taiwanese smartphone maker HTC Corp, embroiled in patent battles with Apple Inc and others, said his company had completed the purchase of US graphics chipmaker S3 Graphics, arming itself with more than 200 patents.
Published 18 Jun, 2012 12:00am
Panasonic plans new factory in Europe

Panasonic plans new factory in Europe

Panasonic Corp plans a new factory in Europe as early as next year to build as many as a million washing machines and a million refrigerators a year to tap growing demand in the region, particularly Russia, the head of the company's appliance business sai
Published 18 Jun, 2012 12:00am
Unilever to close four UK sites

Unilever to close four UK sites

Consumer goods giant Unilever is to close four sites in Britain with the loss of 800 jobs, as it switches production to its largest British factory at Port Sunlight, northwest England, backed by a 40 million pounds ($62 million) investment.
Published 18 Jun, 2012 12:00am
Tesco suffers fresh fall in British sales

Tesco suffers fresh fall in British sales

Supermarket giant Tesco said on June 11 that British sales sank further in the group's first quarter, just two months after the retailer had pledged to revive its ailing domestic operations. Sales at British stores open for at least a year dropped 1.5 per
Published 18 Jun, 2012 12:00am
Malaysia Airlines hails $786 million Islamic bond sale

Malaysia Airlines hails $786 million Islamic bond sale

Flag carrier Malaysia Airlines said on June 13 its 2.5 billion ringgit ($786 million) Islamic bond issue to fund an ambitious plan to overcome financial difficulties has been fully subscribed. "I am delighted to announce to you that our entire sukuk progr
Published 18 Jun, 2012 12:00am
Malaysia Airlines hails $786 million Islamic bond sale

Malaysia Airlines hails $786 million Islamic bond sale

Flag carrier Malaysia Airlines said on June 13 its 2.5 billion ringgit ($786 million) Islamic bond issue to fund an ambitious plan to overcome financial difficulties has been fully subscribed. "I am delighted to announce to you that our entire sukuk progr
Published 18 Jun, 2012 12:00am
Opel unions aim for restructuring deal before November

Opel unions aim for restructuring deal before November

General Motors and German labour union IG Metall have given themselves four months to hammer out a definitive plan to restructure the loss-making operations of Opel, the US carmaker's European brand. "The aim of the negotiations is to create a road map fo
Published 18 Jun, 2012 12:00am
Retail boom no bonanza for UAE banks

Retail boom no bonanza for UAE banks

Thursday night - the beginning of the weekend - and thousands have flocked to Dubai's Mall of the Emirates, one of the largest shopping centres in the world, to shop, eat, watch a movie or a have a few runs down the indoor ski slope.
Published 18 Jun, 2012 12:00am
Drogba non-committal on Shanghai deal

Drogba non-committal on Shanghai deal

Ivory Coast striker Didier Drogba said Sunday that an announcement on his future was due shortly as he side-stepped questions about whether it lay with China's Shanghai Shenhua. "The next step is interesting," the 34-year-old said during a visit to New De
Published 18 Jun, 2012 12:00am
Aisam-Rojer win Gerry Webber Open

Aisam-Rojer win Gerry Webber Open

Pakistan's tennis ace Aisam-ul-Haq Qureshi and his doubles partner Jean Julien Rojer have won the doubles event at the Gerry Webber Open, a private TV channel reported Sunday. According to the channel, the duo overcame T.Huey and S. Lipsky 6-3 and 6-4 in
Published 18 Jun, 2012 12:00am
Danish to appear before ECB hearing today

Danish to appear before ECB hearing today

Pakistan leg-spinner Danish Kaneria will be appearing before the England and Wales Cricket Board (ECB) hearing into the spot-fixing on Monday. The hearing, which was previously to be held on May 21, was postponed till June 18 at the request of Danish's la
Published 18 Jun, 2012 12:00am
Motorcycling: Lorenzo cruises to Silverstone success

Motorcycling: Lorenzo cruises to Silverstone success

Jorge Lorenzo cruised to a comfortable win over defending world champion Casey Stoner in the British MotoGP here on Sunday. The Yamaha star, a winner here in 2010 when he went on to claim the title, extended his lead at the top of the championship standin
Published 18 Jun, 2012 12:00am
Saina Nehwal wins Indonesia Open Super Series

Saina Nehwal wins Indonesia Open Super Series

Indian badminton ace Saina Nehwal defeated China's Li Xuerui to win the Indonesia Open Super Series in Jakarta on Sunday, sending out a strong message to rivals ahead of the London Olympics next month. The world number five took the women's singles crown
Published 18 Jun, 2012 12:00am
Furyk, McDowell lead US Open

Furyk, McDowell lead US Open

Former winners Graeme McDowell and Jim Furyk will take a two-stroke joint lead into the final round at the US Open after emerging from a packed leaderboard in Saturday's third round. Ulsterman McDowell emerged from the shadows to win his first major at ne
Published 18 Jun, 2012 12:00am
Wimbledon champion Kvitova in Eastbourne warm-up

Wimbledon champion Kvitova in Eastbourne warm-up

Petra Kvitova returns to grass for the first time since her Wimbledon triumph when the Czech plays as second seed at the Eastbourne ATP-WTA event, final tune-up for the All England club.
Published 18 Jun, 2012 12:00am
Cilic takes Queen's title as Nalbandian disqualified

Cilic takes Queen's title as Nalbandian disqualified

Croatia's Maric Cilic took the Queen's Club title in controversial fashion on Sunday as Argentina's David Nalbandian was disqualified in the second set of the final for kicking an advertising board into a line judge.
Published 18 Jun, 2012 12:00am
Zimbabwe beat Bangladesh in Twenty20 tri-series opener

Zimbabwe beat Bangladesh in Twenty20 tri-series opener

A half-century by opener Hamilton Masakadza set up an 11-run win for Zimbabwe over Bangladesh in the opening match of the Twenty20 tri-series on Sunday. Masakadza hit four sixes in his 62 off 35 balls at Harare Sports Club to kick-start Zimbabwe's innings
Published 18 Jun, 2012 12:00am
I had double dose of luck, admits ton-up Bell

I had double dose of luck, admits ton-up Bell

Ian Bell smashed a century to lead England to a 114-run win over West Indies on Saturday, but admitted that he had enjoyed a double dose of good fortune. Bell made 126 as England beat the tourists under the Duckworth/Lewis method in a rain-affected series
Published 18 Jun, 2012 12:00am
Wildcard Haas beats Federer in Halle

Wildcard Haas beats Federer in Halle

Germany's Tommy Haas defeated second seed Roger Federer 7-6 (7/5), 6-4 to win the ATP grasscourt tournament here on Sunday. Playing in front of his home fans, the 34-year-old added to his triumph here three years ago to take his 13th ATP title.
Published 18 Jun, 2012 12:00am
UEFA action against England over pitch invasion

UEFA action against England over pitch invasion

England's Football Association are facing action from UEFA after some fans attempted to invade the pitch after the side's victory over Sweden, European football's governing body said in a statement on Sunday.
Published 18 Jun, 2012 12:00am
Greece, Czechs serve up more drama

Greece, Czechs serve up more drama

Greece and the Czech Republic, written off after poor starts to Euro 2012, completed astonishing turnarounds on Saturday with 1-0 wins over Russia and co-hosts Poland to reach the quarter-finals against all the odds.
Published 18 Jun, 2012 12:00am
German-Saudi tank deal twice as big as planned

German-Saudi tank deal twice as big as planned

Saudi Arabia wants to buy 600-800 Leopard battle tanks from Germany, more than twice as many as originally envisaged, the Sunday newspaper Bild am Sonntag reported, quoting government sources. Thus far, reports had said the Saudis wanted to purchase aroun
Published 18 Jun, 2012 12:00am
China woos Taiwan businessmen with bank loans

China woos Taiwan businessmen with bank loans

China dangled economic sweeteners for Taiwan on Sunday, pledging 600 billion yuan ($94.3 billion) in bank loans to investors as part of a campaign to lure the self-ruled island Beijing claims as its own back to the fold.
Published 18 Jun, 2012 12:00am
Arab Monetary Fund in $65 million loan to Egypt

Arab Monetary Fund in $65 million loan to Egypt

The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis.
Published 18 Jun, 2012 12:00am
Britain to announce £1 billion reactors deal for nuclear subs

Britain to announce £1 billion reactors deal for nuclear subs

Britain will announce this week a £1 billion ($1.57 billion, 1.24 billion euro) contract to build reactors for its next generation of nuclear submarines, the defence minister said Sunday. Defence Secretary Philip Hammond confirmed he would be unveiling a
Published 18 Jun, 2012 12:00am
New index shows lower growth for major economies

New index shows lower growth for major economies

Some large economies show significantly lower growth when natural assets such as forests and water are factored into growth indicators, an index showed on Sunday, a few days before an international sustainability summit starts in Rio de Janeiro.
Published 18 Jun, 2012 12:00am
Looming WTO entry breeds controversy in Russia

Looming WTO entry breeds controversy in Russia

Russia's upcoming entry into the WTO is hailed by its leadership and global trade chiefs as a long overdue integration into the world economy over 20 years after the collapse of the Soviet Union. But Oleg Podoyma, head of a poultry firm in the main Siberi
Published 18 Jun, 2012 12:00am
C.Suisse chief executive says no plans for capital hike

C.Suisse chief executive says no plans for capital hike

Credit Suisse has no plans to issue new shares after the Swiss central bank called on it to improve its capital base this year, but should be able to do so by retaining earnings, Chief Executive Brady Dougan was quoted as saying on Sunday.
Published 18 Jun, 2012 12:00am
C.Suisse chief executive says no plans for capital hike

C.Suisse chief executive says no plans for capital hike

Credit Suisse has no plans to issue new shares after the Swiss central bank called on it to improve its capital base this year, but should be able to do so by retaining earnings, Chief Executive Brady Dougan was quoted as saying on Sunday.
Published 18 Jun, 2012 12:00am
India to boost economic ties with Cuba

India to boost economic ties with Cuba

India wants to strengthen economic ties with Cuba, the top Indian diplomat said Saturday on a trip to the Communist-run Caribbean island. "The purpose of my visit to Cuba is to promote economic relations between both countries," S.M. Krishna said on state
Published 18 Jun, 2012 12:00am
New Greek bailout terms may be needed: OECD chief

New Greek bailout terms may be needed: OECD chief

Greece should be given a chance to renegoiate the terms of its 130 billion-euro international bailout if it means keeping the country in the euro zone, the head of the Organisation for Economic Cooperation and Development said on Saturday.
Published 18 Jun, 2012 12:00am
Europe faces 'make or break' moment: Greek former Prime Minister

Europe faces 'make or break' moment: Greek former Prime Minister

Greece's former prime minister George Papandreou said Sunday that Europe faced a make or break moment, adding that the euro currency's problems went far deeper than those of his own country. Speaking as his countrymen went to the polls in a historic elect
Published 18 Jun, 2012 12:00am
Mexico urges G20 to commit to strong Europe, IMF

Mexico urges G20 to commit to strong Europe, IMF

The world's biggest economies must commit to a strong Europe and could agree to further bolster the International Monetary Fund's ability to contain fallout from Europe's debt crisis, Mexican President Felipe Calderon said on Saturday.
Published 18 Jun, 2012 12:00am
France's Hollande seeks 120 billion euro 'growth pact'

France's Hollande seeks 120 billion euro 'growth pact'

French President Francois Hollande has proposed a 120 billion euro "growth pact" ahead of key talks with eurozone leaders, newspaper Le Journal du Dimanche reported on Sunday. In a letter sent to fellow European leaders on Thursday, a copy of which the ne
Published 18 Jun, 2012 12:00am
Spain yields hit 7 percent as rating cut to brink of junk

Spain yields hit 7 percent as rating cut to brink of junk

Spanish government bond yields hit a euro-era high above 7 percent on Thursday after Moody's cut the country's credit rating to one notch above "junk", pushing its borrowing costs ever higher and raising the prospect of a full-scale bailout.
Published 18 Jun, 2012 12:00am
Spain yields hit 7 percent as rating cut to brink of junk

Spain yields hit 7 percent as rating cut to brink of junk

Spanish government bond yields hit a euro-era high above 7 percent on Thursday after Moody's cut the country's credit rating to one notch above "junk", pushing its borrowing costs ever higher and raising the prospect of a full-scale bailout.
Published 18 Jun, 2012 12:00am
Euro crisis seen curbing CEE currency gains

Euro crisis seen curbing CEE currency gains

The eurozone's turmoil could weigh on currencies in the European Union's emerging east over the next year even if the crisis-hit bloc does not sink deeper into the mire, a poll of analysts showed on Thursday.
Published 18 Jun, 2012 12:00am
Japanese shares set to rise after Greek polls

Japanese shares set to rise after Greek polls

Japanese shares may rise again next week after Greek elections at the weekend, which will offer more clarity about the debt-hit nation's future in the embattled eurozone, analysts said Friday.
Published 18 Jun, 2012 12:00am
Wall Street week ahead: Greek elections to keep tensions high

Wall Street week ahead: Greek elections to keep tensions high

Instead of backyard barbecues and beer, this Father's Day could see many investors with their minds on Greece. The Greek election, that is. One thing is almost certain to come from the Sunday event, and that is more volatility for US stocks, according to
Published 18 Jun, 2012 12:00am
AutoTrader files for IPO of up to $300 million

AutoTrader files for IPO of up to $300 million

Online automobiles marketplace operator AutoTrader Group Inc filed with the US securities regulator to raise up to $300 million in an initial public offering of its Class A common stock.
Published 18 Jun, 2012 12:00am
China's CITIC Heavy launches IPO in Shanghai

China's CITIC Heavy launches IPO in Shanghai

CITIC Heavy Industries Co, China's fourth-biggest maker of heavy machinery, will launch a 4.13 billion yuan ($648.85 million) initial public offering on the Shanghai Stock Exchange in June, according to a prospectus published late on Friday on the exchang
Published 18 Jun, 2012 12:00am
China Eastern Airlines says to issue $1.4 billion bonds

China Eastern Airlines says to issue $1.4 billion bonds

China Eastern Airlines Corp Ltd said it planned to issue up to 8.8 billion yuan ($1.4 billion) worth of corporate bonds in China, raising capital to fund the purchase of aircraft and to re-finance bank loans at a lower cost.
Published 18 Jun, 2012 12:00am
China Eastern Airlines says to issue $1.4 billion bonds

China Eastern Airlines says to issue $1.4 billion bonds

China Eastern Airlines Corp Ltd said it planned to issue up to 8.8 billion yuan ($1.4 billion) worth of corporate bonds in China, raising capital to fund the purchase of aircraft and to re-finance bank loans at a lower cost.
Published 18 Jun, 2012 12:00am
Small stake could be beautiful for stock market debuts

Small stake could be beautiful for stock market debuts

When British vacuum technology firm Edwards tried to launch on the London stock market last year by selling just over one third of its shares, choppy markets forced the company to pull its debut at the last minute.
Published 18 Jun, 2012 12:00am
Aussie, Kiwi to hold middle ground between wide extremes

Aussie, Kiwi to hold middle ground between wide extremes

The Australian dollar was seen holding its ground despite lower interest rates at home, though uncertainty over the global outlook led to a gulf in estimates for the high-beta currency. The median forecast of around 48 analysts put the Australian dollar a
Published 18 Jun, 2012 12:00am
Global markets week ahead: after Greece, the worries only mount

Global markets week ahead: after Greece, the worries only mount

The Greek elections set the stage for a volatile week in the financial markets but, barring a surprisingly negative result, immediate policy changes look unlikely though a heavy schedule of high level meetings will keep investors on edge.
Published 18 Jun, 2012 12:00am
Thousands cheer Suu Kyi in Norway fjord town

Thousands cheer Suu Kyi in Norway fjord town

Aung San Suu Kyi was greeted with another hero's welcome as thousands cheered the Myanmar democracy icon Sunday in a Norwegian fjord town that has a long connection with her freedom struggle.
Published 18 Jun, 2012 12:00am
US deserter in Sweden steps forward after 28 years

US deserter in Sweden steps forward after 28 years

A US Air Force deserter who has lived secretly in Sweden since 1984 has revealed his identity and contacted his family in the United States who were overwhelmed to hear he was still alive, a Swedish newspaper reported at the weekend.
Published 18 Jun, 2012 12:00am
Syria regime tightens grip as UN halts operations

Syria regime tightens grip as UN halts operations

Syrian troops on Sunday tightened their grip on the flashpoint city of Homs as the opposition demanded the deployment of armed peacekeepers after UN observers halted their work because of bloodshed. Violence cost at least another 11 lives on Sunday, takin
Published 18 Jun, 2012 12:00am
Romney accuses Obama of political motivation on immigration

Romney accuses Obama of political motivation on immigration

Republican presidential challenger Mitt Romney accused President Barack Obama in remarks aired on Sunday of political motivation ahead of the November 6 election by offering work permits to hundreds of thousands of illegal immigrants brought to the United
Published 18 Jun, 2012 12:00am
Nigeria: 21 killed, 100 wounded in church blasts

Nigeria: 21 killed, 100 wounded in church blasts

Three suicide bomb attacks on churches rocked a northern Nigerian state Sunday, killing at least 21 people and wounding about 100, officials said, prompting protests in a state that has previously been strained by religious tensions.
Published 18 Jun, 2012 12:00am
British police arrest two in Heathrow protest

British police arrest two in Heathrow protest

Police arrested two protesters after they breached the security fence at Heathrow Airport on Sunday just one month before the London Olympics, although no flights were disrupted, officials said. Heathrow said the demonstrators were members of Fathers 4 Ju
Published 18 Jun, 2012 12:00am
North Korea accuses Clinton of 'reckless' criticism

North Korea accuses Clinton of 'reckless' criticism

North Korea hit out at US Secretary of State Hillary Clinton on Sunday, addressing her by her first name and accusing her of "reckless" criticism of its human rights record. Pyongyang's official Korean Central News Agency (KCNA) quoted an unnamed foreign
Published 18 Jun, 2012 12:00am
Car bomb kills three Yemeni police

Car bomb kills three Yemeni police

A bomb planted in the car of a southern Yemeni police officer killed him and his two bodyguards on Sunday, and wounded four other policemen, a security official said. "A bomb exploded in the car of Major Ahmed al-Harmali, the police chief in the town of R
Published 18 Jun, 2012 12:00am
Swiss voters say no to yet more referendums

Swiss voters say no to yet more referendums

Swiss voters decided on Sunday that they have enough democracy already, overwhelmingly rejecting a proposal to hold more referendums on international treaties. A nationalist group in the already referendum-happy Alpine republic wanted voters to have an au
Published 18 Jun, 2012 12:00am
Iraq bombings kill five

Iraq bombings kill five

Bombings in Iraq killed five people and wounded 34 others on Sunday, security and medical officials said, after a bloody week that cost the lives of more than 100 people. A car bomb targeting an army patrol killed one soldier and wounded three others in F
Published 18 Jun, 2012 12:00am
800,000 forced to flee their countries in 2011:UN

800,000 forced to flee their countries in 2011:UN

Crises in Libya, Sudan, Somalia and elsewhere prompted 800,000 people to flee their countries last year, the highest number in 11 years, the United Nations' refugee agency says.
Published 18 Jun, 2012 12:00am
Human rights lawyer Moon sets South Korean presidential bid

Human rights lawyer Moon sets South Korean presidential bid

A man who was once imprisoned by South Korea's former military dictator, Park Chung-hee, said on Sunday he would seek the centre-left's nomination to run for president, likely setting up a contest with the daughter of the man who jailed him.
Published 18 Jun, 2012 12:00am
WASA installs generators to run tube-wells

WASA installs generators to run tube-wells

WASA has installed generators at its 110 tube wells in the city to ensure the provision of drinking water supply to citizens. DCO Lahore, Noor ul Amin Mengal has constituted a special monitoring team for checking of the operation during loadshedding hours
Published 18 Jun, 2012 12:00am
Consumers not happy with gas officials' conduct

Consumers not happy with gas officials' conduct

People belonging to various walks of life have expressed their concern over maltreatment at the hands of Sui gas authorities. They alleged that the local Sui gas office had become a hub of corruption, adding that the staffers and complainants were "always
Published 18 Jun, 2012 12:00am
Government accused of spending national resources on elite

Government accused of spending national resources on elite

Punjab Chief Minister Muhammad Shahbaz Sharif said that national resources are being spent on facilitating rulers and elite classes while poor and deprived segments of the society have been completely ignored during the last 64 years. However, he said, Pa
Published 18 Jun, 2012 12:00am
Supreme Court emerges stronger: PESA

Supreme Court emerges stronger: PESA

The Pakistan Ex-servicemen Association (PESA) on Sunday said latest crisis triggered by a real estate tycoon has failed to dent the reputation of judiciary and the Supreme Court has emerged from this crisis with greater respect for its integrity and faith
Published 18 Jun, 2012 12:00am
Quran Khawani for Siachen's martyrs held

Quran Khawani for Siachen's martyrs held

Punjab University Institute of Education and Research's Department of Technology Education held a Quran Khawani for the departed souls of Pak Army's martyrs of Siachen here on Thursday. Department Chairperson Dr Tehseen Mehmood, Professor Muhammad Riaz, P
Published 18 Jun, 2012 12:00am
Three robbers killed in encounter

Three robbers killed in encounter

Three alleged robbers were killed and six others including two robbers sustained bullet injuries in a shootout here on Sunday. SP Investigation Sheraz Nazir told APP that about 12 to 15 robbers stormed into the house of a farmer Sufi Iqbal in Chak 45 Abba
Published 18 Jun, 2012 12:00am
Attempt to derail democracy to be foiled: Firdous

Attempt to derail democracy to be foiled: Firdous

Federal Minister for National Regulation and Services Dr Firdous Ashiq Awan has said that conspiracies to derail the democracy would be foiled with the active cooperation of the masses.
Published 18 Jun, 2012 12:00am
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