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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-20
Cheap and cheerful, Chinese phones outsmart Apple

Cheap and cheerful, Chinese phones outsmart Apple

In China's booming smartphone market, which is set this year to overtake the United States as the world's largest, a host of little-known local firms are primed with cheap phones to squeeze market share from US giant Apple Inc's iPhone.
Published 20 Aug, 2012 12:00am
Mexico ponders re-auctioning spectrum in 40MHz chunks

Mexico ponders re-auctioning spectrum in 40MHz chunks

The Mexican government said on Tuesday it plans to re-auction the coveted 2.5 GHz band, possibly in chunks of 40 MHz, to allow a broader number of companies to take part in the process, Deputy Communications Minister Hector Olavarria told Reuters.
Published 20 Aug, 2012 12:00am
US seniors find it not too late to learn social media

US seniors find it not too late to learn social media

Seniors, some in their 90s, could soon be making new friends on Facebook thanks to New York libraries offering classes to help the elderly learn, or brush up their social network skills. Carol White, 69, was already on Facebook when she enrolled in the "F
Published 20 Aug, 2012 12:00am
Micron chief executive sees NAND chip prices rising

Micron chief executive sees NAND chip prices rising

Micron Technology Inc Chief Executive Mark Durcan said prices for NAND memory chips, used widely in tablets and smartphones, should firm early next year following industry production cuts. "I'm quite optimistic the first half of next year can be significa
Published 20 Aug, 2012 12:00am
Samsung takes on iPad with Galaxy Note tablet

Samsung takes on iPad with Galaxy Note tablet

Samsung on August 15 unveiled a Galaxy Note tablet designed to make a more personal connection with users and aiming to knock Apple's iPad off its market throne. A key feature of the Galaxy Note 10.1 was a sophisticated "S Pen" that can be used as if it w
Published 20 Aug, 2012 12:00am
Google to acquire Frommer's travel guidebooks

Google to acquire Frommer's travel guidebooks

Google Inc is buying the Frommer's line of travel guidebooks, the latest move to amass a trove of publishing content that could strengthen the No 1 Internet search company's push to become a major online travel broker.
Published 20 Aug, 2012 12:00am
US regulators okay T-Mobile testing of shared use of airwaves

US regulators okay T-Mobile testing of shared use of airwaves

US communications regulators will allow T-Mobile USA to test the impact of commercial wireless broadband on a highly sought after swatch of airwaves currently used for government operations, the company said on August 15.
Published 20 Aug, 2012 12:00am
Twitter co-founders create online publishing site

Twitter co-founders create online publishing site

A website launched by Twitter co-founders as a publishing platform for stories, memories and news was open August 15 to members of the hit one-to-many text messaging service. A preview version of Medium.com, launched by Biz Stone and Evan Williams, was li
Published 20 Aug, 2012 12:00am
Google social network adding verified accounts

Google social network adding verified accounts

Google on August 13 announced that it will let users of its online social network have verified accounts with names or brands in a manner similar to that offered at Facebook and Twitter.
Published 20 Aug, 2012 12:00am
Tokyo Electron to buy FSI International for $252.5 million

Tokyo Electron to buy FSI International for $252.5 million

Japan's Tokyo Electron Ltd said it will buy chip-equipment maker FSI International Inc for $252.5 million in cash, to add heft to its technology used to make smaller but faster chips used in cellphones and tablets.
Published 20 Aug, 2012 12:00am
Windows Phone 8 smartphone to be unveiled next month

Windows Phone 8 smartphone to be unveiled next month

Finnish telecom giant Nokia and Microsoft plan to unveil a smartphone equipped with the US software giant's Windows Phone 8 operating system in New York on September 5, a report said on August 15. The Helsingin Sanomat daily did not cite any sources but s
Published 20 Aug, 2012 12:00am
SingTel says first quarter net profit up 3.2 percent

SingTel says first quarter net profit up 3.2 percent

Singapore Telecom (SingTel) said on August 14 its first quarter net profit rose 3.2 percent from a year ago, driven by improved earnings from some regional associates and gains from an asset sale.
Published 20 Aug, 2012 12:00am
SingTel says first quarter net profit up 3.2 percent

SingTel says first quarter net profit up 3.2 percent

Singapore Telecom (SingTel) said on August 14 its first quarter net profit rose 3.2 percent from a year ago, driven by improved earnings from some regional associates and gains from an asset sale.
Published 20 Aug, 2012 12:00am
Tata Steel quarterly profit slumps 89 percent

Tata Steel quarterly profit slumps 89 percent

India's Tata Steel, the world's seventh-largest steelmaker, said on August 13 quarterly net profit slumped a worse-than-expected 89 percent from a year earlier due to falling demand in its key European market.
Published 20 Aug, 2012 12:00am
Tata Steel quarterly profit slumps 89 percent

Tata Steel quarterly profit slumps 89 percent

India's Tata Steel, the world's seventh-largest steelmaker, said on August 13 quarterly net profit slumped a worse-than-expected 89 percent from a year earlier due to falling demand in its key European market.
Published 20 Aug, 2012 12:00am
Heavy debts set China solar makers up for consolidation

Heavy debts set China solar makers up for consolidation

As solar panel prices continue to march lower, Chinese solar companies are struggling with heavy debt loads, triggering expectations many will be forced to seek a new infusion of funds through take-overs or mergers.
Published 20 Aug, 2012 12:00am
China Mobile first half core profit slips

China Mobile first half core profit slips

China Mobile Ltd, the world's biggest wireless carrier by subscribers, posted first-half falls in key measures of revenues and profitability.
Published 20 Aug, 2012 12:00am
China Mobile first half core profit slips

China Mobile first half core profit slips

China Mobile Ltd, the world's biggest wireless carrier by subscribers, posted first-half falls in key measures of revenues and profitability.
Published 20 Aug, 2012 12:00am
Lenovo first quarter profit beats estimates, but growth slows

Lenovo first quarter profit beats estimates, but growth slows

Lenovo Group Ltd, the world's No 2 PC maker by sales, posted a 30 percent rise in quarterly net profit, beating analysts' forecasts, though it logged its slowest growth in 1-1/2 years mainly due to lacklustre demand in some emerging markets and North Amer
Published 20 Aug, 2012 12:00am
Lenovo first quarter profit beats estimates, but growth slows

Lenovo first quarter profit beats estimates, but growth slows

Lenovo Group Ltd, the world's No 2 PC maker by sales, posted a 30 percent rise in quarterly net profit, beating analysts' forecasts, though it logged its slowest growth in 1-1/2 years mainly due to lacklustre demand in some emerging markets and North Amer
Published 20 Aug, 2012 12:00am
Dell takes swipe at Indian way of doing business

Dell takes swipe at Indian way of doing business

A combination of power blackouts, uncertain tax rules and contracts that are not honoured make India a difficult place to do business, a senior Dell Inc executive said on August 17 in unusually blunt comments by a foreign investor.
Published 20 Aug, 2012 12:00am
GSK drug halves attacks in hard-to-treat asthma

GSK drug halves attacks in hard-to-treat asthma

An experimental drug for treating severe asthma from GlaxoSmithKline nearly halved the number of attacks suffered by patients with a hard-to-treat form of the disease in a clinical study, boosting hopes for its commercial success.
Published 20 Aug, 2012 12:00am
Islamic finance body plans scholar accreditation, ethics code

Islamic finance body plans scholar accreditation, ethics code

A fledgling industry body of Islamic scholars wants to develop a global code of ethics and a professional development programme for scholars, in order to improve standards in the industry, its president told Reuters.
Published 20 Aug, 2012 12:00am
Three dead in Indonesian quake: official

Three dead in Indonesian quake: official

A powerful 6.3-magnitude earthquake that shook the eastern Indonesian island of Sulawesi has killed at least three people and seriously injured a dozen others, an official said Sunday.
Published 20 Aug, 2012 12:00am
Typhoon Kai-Tak kills nine in Vietnam

Typhoon Kai-Tak kills nine in Vietnam

At least nine people were killed, thousands of homes damaged and swathes of farmland flooded as Typhoon Kai-Tak swept across northern Vietnam, authorities said Sunday. The storm, which made landfall late Friday, brought strong winds and heavy rains that i
Published 20 Aug, 2012 12:00am
Uncle of North Korean leader completes China trip

Uncle of North Korean leader completes China trip

A powerful North Korean official and uncle of leader Kim Jong-Un has returned home, state media said, after high-level talks in Beijing which are seen as a precursor to a visit by Pyongyang's young ruler.
Published 20 Aug, 2012 12:00am
No risk too high for Sri Lankans wanting to migrate

No risk too high for Sri Lankans wanting to migrate

Two Sri Lankan brothers who joined a wave of asylum seekers heading for Australia were arrested at sea, thrown in jail and face an ongoing court case - but they say they will soon try to reach the country again.
Published 20 Aug, 2012 12:00am
Middle class Syrians in limbo in Lebanon

Middle class Syrians in limbo in Lebanon

When doctor Nada Ekhwon and her husband fled Damascus for Lebanon, they were relieved to find safety away from the bloodshed at home. But a spate of mass kidnappings of Syrians in Beirut has forced them to think again.
Published 20 Aug, 2012 12:00am
Yemen southern separatist leader freed

Yemen southern separatist leader freed

Yemeni authorities have freed a leading southern separatist days after he was arrested on his arrival in Aden after spending several years in self-imposed exile, an official told AFP on Sunday.
Published 20 Aug, 2012 12:00am
Hurricane warning in Azores as Gordon intensifies

Hurricane warning in Azores as Gordon intensifies

Portugal's Azores archipelago braced on Sunday for Hurricane Gordon which had intensified to Category 2 and was likely to hit the eastern-most islands early on Monday, the civil protection service said.
Published 20 Aug, 2012 12:00am
Taiwan summons Japan envoy over 'provocative' act

Taiwan summons Japan envoy over 'provocative' act

Taiwan summoned Japan's representative Sunday to protest against the "provocative" act by a group of Japanese nationalists who landed on an island at the heart of a territorial dispute.
Published 20 Aug, 2012 12:00am
Feasts and fireworks as Muslims in Asia mark Eid

Feasts and fireworks as Muslims in Asia mark Eid

Millions of Muslims across Asia began celebrating the Eid al-Fitr holiday on Sunday, with a month of fasting giving way to feasting, family reunions and raucous festivities. Vast crowds gathered at mosques, fireworks lit up the night sky and tens of milli
Published 20 Aug, 2012 12:00am
Cholera outbreak in Guinea worsens

Cholera outbreak in Guinea worsens

An outbreak of cholera in Guinea has killed 82 people since February and is showing no signs of letting up, the country's health ministry said Saturday. "A week ago we counted 60 dead and 2,054 cases ... this week we have recorded 82 dead," Dr Sakoba Keit
Published 20 Aug, 2012 12:00am
The political emergence of Michelle Obama

The political emergence of Michelle Obama

With charm, hidden steel and growing political skill, First Lady Michelle Obama is injecting a timely jolt of verve into her husband's battered political brand. The price of a sluggish economic recovery weighs heavily on President Barack Obama as he wages
Published 20 Aug, 2012 12:00am
Pardew could face ban after push on official

Pardew could face ban after push on official

Newcastle manager Alan Pardew could be hit with a touchline ban after he shoved referee's assistant Stuart Burt during his side's 2-1 win over Tottenham. Pardew lunged in frustration towards Burt when he believed Spurs defender Benoit Assou-Ekotto had dra
Published 20 Aug, 2012 12:00am
Rooney plans to reign for another 10 years

Rooney plans to reign for another 10 years

Manchester United striker Wayne Rooney has warned Premier League defenders that he plans to keep terrorising them for the next decade. Rooney made his Premier League debut for Everton against Tottenham 10 years ago when he was aged just 16 and fittingly h
Published 20 Aug, 2012 12:00am
Federer, Djokovic to meet in Cincinnati final

Federer, Djokovic to meet in Cincinnati final

World No 1 Roger Federer and World No 2 Novak Djokovic booked a showdown in Sunday's final at the ATP and WTA Cincinnati Masters with straight-set semi-final triumphs on Saturday. Top seed Federer beat his friend and Swiss compatriot Stanislas Wawrinka 7-
Published 20 Aug, 2012 12:00am
India axe Bhupathi, Bopanna after Olympic row

India axe Bhupathi, Bopanna after Olympic row

India on Saturday dropped veteran Mahesh Bhupathi and Rohan Bopanna for next month's Davis Cup tie against New Zealand following a row over Olympics team selection. Both Bopanna and Bhupathi had said ahead of the London Games they would not partner with v
Published 20 Aug, 2012 12:00am
Tendulkar, MP, plots India's revival

Tendulkar, MP, plots India's revival

Sachin Tendulkar takes guard in a Test match for the first time as a member of parliament when India begin a new home season this week, aiming to rebuild their damaged reputation. A two-match series against lowly New Zealand, starting in Hyderabad on Thur
Published 20 Aug, 2012 12:00am
South Africa benefit from England drops

South Africa benefit from England drops

South Africa made England pay for dropped catches as they eyed a potentially series-clinching lead on the fourth day of the third Test at Lord's on Sunday. The Proteas were 216 for four in their second innings, 210 runs ahead, when bad light and rain forc
Published 20 Aug, 2012 12:00am
Debut star Hazard shines in Chelsea stroll

Debut star Hazard shines in Chelsea stroll

Eden Hazard showed why he is regarded as one of the brightest young stars in Europe as the Belgian forward inspired Chelsea to a 2-0 victory over Wigan at the DW Stadium on Sunday. Hazard, making his debut after a £32 million transfer from French club Lil
Published 20 Aug, 2012 12:00am
AFC extends bin Hammam suspension

AFC extends bin Hammam suspension

The Asian Football Confederation said Sunday it had extended the provisional suspension of scandal-tainted former FIFA presidential candidate Mohamed bin Hammam by 20 days. It comes with the Qatari currently serving a three-month ban from football imposed
Published 20 Aug, 2012 12:00am
Li beats Venus to reach second final in a row

Li beats Venus to reach second final in a row

China's Li Na, seeking her first WTA title since winning the 2011 French Open, defeated Venus Williams 7-5, 3-6, 6-1 on Saturday to reach the final of the ATP and WTA Cincinnati Masters.
Published 20 Aug, 2012 12:00am
Sudanese sides draw in stormy CAF Cup clash

Sudanese sides draw in stormy CAF Cup clash

Al Hilal and Al Merreikh drew 1-1 this weekend in a fiery all-Sudan CAF Confederation Cup matchday 2 top-of-the-table clash. Visiting Merreikh had five players yellow carded, and Badr Eldeen Galag red carded midway through the first half of an Omdurman de
Published 20 Aug, 2012 12:00am
Beleaguered Kean eyes promotion

Beleaguered Kean eyes promotion

Under-pressure Blackburn manager Steve Kean insisted his players were good enough to win a return to the Premier League despite watching them concede a late equaliser in their first Championship match since 1999. Kean was told this week that he will lose
Published 20 Aug, 2012 12:00am
Dutch split on EU budget goal before vote: poll

Dutch split on EU budget goal before vote: poll

Dutch voters are split over whether the government should stick to its EU budget target as the country heads for an election on September 12 dominated by the euro sovereign debt crisis and austerity measures, an opinion poll published on Sunday showed.
Published 20 Aug, 2012 12:00am
Malawi banks on history to cling to Lake Malawi

Malawi banks on history to cling to Lake Malawi

A long-dormant border dispute between Malawi and Tanzania has reignited as oil companies push their exploration work deeper into the continent, giving enormous value to regions once ignored. Foreign ministers from the two countries are set to meet Monday
Published 20 Aug, 2012 12:00am
Strikers get ultimatum after South Africa mine shootings

Strikers get ultimatum after South Africa mine shootings

Platinum producer Lonmin on Sunday ordered employees at its South Africa's tragedy-hit mine to return to work or face dismissal but workers vowed to stay on strike after 34 colleagues were killed by police.
Published 20 Aug, 2012 12:00am
Greece must remain in eurozone: finance minister

Greece must remain in eurozone: finance minister

Greece must remain in the eurozone, Finance Minister Yannis Stournaras said in an interview published Sunday ahead of a week of crucial meetings between the prime minister and EU officials. "We have to stay alive and remain under the umbrella of the euro,
Published 20 Aug, 2012 12:00am
Italian dies after setting himself on fire outside parliament

Italian dies after setting himself on fire outside parliament

A 54-year-old man died on Sunday after setting himself on fire outside the Italian parliament last week to highlight his struggle with unemployment, police said. Angelo di Carlo suffered 85 percent burns after the incident in front of the lower house of p
Published 20 Aug, 2012 12:00am
No wiggle room for Greece, Merkel ally says

No wiggle room for Greece, Merkel ally says

The parliamentary head of Angela Merkel's party warned Sunday that crisis-wracked Greece had "no room for manoeuvre" ahead of talks this week between the German chancellor and the Greek prime minister.
Published 20 Aug, 2012 12:00am
Summer of gloom for crisis-hit Rome shops

Summer of gloom for crisis-hit Rome shops

It is not just stifling summer heat that is keeping shoppers at bay on Rome's Via del Corso. As the economic crisis hits locals and tourists alike, many shops have little choice but to close for good. The few people around zig-zag from shop to shop, seeki
Published 20 Aug, 2012 12:00am
Acrimony dents chances of Swiss-German tax deal

Acrimony dents chances of Swiss-German tax deal

The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks. Swiss defence minister Ueli Maurer hit back at the leader of Germany's
Published 20 Aug, 2012 12:00am
Volkswagen labour chief says no to more acquisitions

Volkswagen labour chief says no to more acquisitions

Volkswagen labour representatives would not back any further acquisitions by the carmaker, especially of Malaysian firm Proton, the works council chief told a German newspaper.
Published 20 Aug, 2012 12:00am
Nigeria launches a fresh bid to overhaul oil industry

Nigeria launches a fresh bid to overhaul oil industry

It was the year the world became acquainted with Barack Obama, when "tweet" was labelled a buzzword by Time magazine - and when legislation was introduced to overhaul Africa's biggest oil industry.
Published 20 Aug, 2012 12:00am
Europe's largest harbour's 'sea-leg' taking shape

Europe's largest harbour's 'sea-leg' taking shape

Four years ago, Queen Beatrix gave Rotterdam the final nod to extend her kingdom into the North Sea to expand Europe's largest harbour - and forever change the shape of the Dutch coast.
Published 20 Aug, 2012 12:00am
Hi-Crush Partners' units rise in debut

Hi-Crush Partners' units rise in debut

Units of Hi-Crush Partners LP, which makes proppants used in hydraulic fracturing, closed up 18 percent in their market debut on Thursday as investors bet on the growing demand from the oil and gas industry. The boom in shale drilling has led to high dema
Published 20 Aug, 2012 12:00am
Santander Bank's Mexican unit files for US IPO

Santander Bank's Mexican unit files for US IPO

Banco Santander filed to list a portion of its Mexican unit, Santander Mexico Financial Group, in a US initial public offering of up to $100 million as the Spanish bank looks to shore up its finances to tackle economic uncertainty at home.
Published 20 Aug, 2012 12:00am
Santander Bank's Mexican unit files for US IPO

Santander Bank's Mexican unit files for US IPO

Banco Santander filed to list a portion of its Mexican unit, Santander Mexico Financial Group, in a US initial public offering of up to $100 million as the Spanish bank looks to shore up its finances to tackle economic uncertainty at home.
Published 20 Aug, 2012 12:00am
Australia's ASX profit falls 9.3 percent

Australia's ASX profit falls 9.3 percent

Australia's ASX Ltd on Thursday reported a 9.3 percent fall in second-half profit, hurt by weak markets, and said equity and derivative market volumes were well below the previous year's in the first six weeks of fiscal 2013.
Published 20 Aug, 2012 12:00am
Australia's ASX profit falls 9.3 percent

Australia's ASX profit falls 9.3 percent

Australia's ASX Ltd on Thursday reported a 9.3 percent fall in second-half profit, hurt by weak markets, and said equity and derivative market volumes were well below the previous year's in the first six weeks of fiscal 2013.
Published 20 Aug, 2012 12:00am
ECB mulling interest rate threshold for bond buys

ECB mulling interest rate threshold for bond buys

The European Central Bank is considering setting interest rate thresholds for any purchases of struggling eurozone country's bonds so that it would buy such bonds if their interest rates exceeded a certain premium over German bonds, a German magazine repo
Published 20 Aug, 2012 12:00am
ECB mulling interest rate threshold for bond buys

ECB mulling interest rate threshold for bond buys

The European Central Bank is considering setting interest rate thresholds for any purchases of struggling eurozone country's bonds so that it would buy such bonds if their interest rates exceeded a certain premium over German bonds, a German magazine repo
Published 20 Aug, 2012 12:00am
Banks among S&P leaders this year despite headwind

Banks among S&P leaders this year despite headwind

Big US investors bet heavily on financial stocks in the recently completed quarter and hope to ride the sector, which has been a market basket case for several years.
Published 20 Aug, 2012 12:00am
Banks among S&P leaders this year despite headwind

Banks among S&P leaders this year despite headwind

Big US investors bet heavily on financial stocks in the recently completed quarter and hope to ride the sector, which has been a market basket case for several years.
Published 20 Aug, 2012 12:00am
Lloyds sells $1.65 billion private equity portfolio

Lloyds sells $1.65 billion private equity portfolio

Lloyds Banking Group said on Tuesday it had agreed to sell a 1.05 billion pound ($1.65 billion) portfolio of private equity investments to Coller International Partners as it continues to shed riskier assets following its 2008 bailout.
Published 20 Aug, 2012 12:00am
Lloyds sells $1.65 billion private equity portfolio

Lloyds sells $1.65 billion private equity portfolio

Lloyds Banking Group said on Tuesday it had agreed to sell a 1.05 billion pound ($1.65 billion) portfolio of private equity investments to Coller International Partners as it continues to shed riskier assets following its 2008 bailout.
Published 20 Aug, 2012 12:00am
Malaysia's MMC hires bankers to advise on Malakoff IPO

Malaysia's MMC hires bankers to advise on Malakoff IPO

Malaysian builder MMC Corp Bhd has hired four joint global coordinators for a $1 billion IPO of its 51 percent-owned power unit, Malakoff Corp Bhd, two sources with direct knowledge of the matter told Reuters.
Published 20 Aug, 2012 12:00am
Despite crisis, Latvia central bank sure euro is best

Despite crisis, Latvia central bank sure euro is best

Latvia can only gain from adopting the euro and has no reason to delay joining the currency bloc, the head of its central bank said on Friday, brushing off the crisis in the region and an electorate that would largely prefer to remain outside.
Published 20 Aug, 2012 12:00am
Japanese shares set to rise as yen slides

Japanese shares set to rise as yen slides

Japanese shares were likely to rack up further gains next week on a weakening yen, analysts said, after the Nikkei 225 index finished at a three-month high on Friday
Published 20 Aug, 2012 12:00am
Blyth unit ViSalus files for IPO

Blyth unit ViSalus files for IPO

Nutritional supplements seller ViSalus Inc filed to raise up to $175 million in an initial public offering and plans to use the proceeds to pay a special dividend, sending shares of majority stockholder Blyth Inc to a four-year high.
Published 20 Aug, 2012 12:00am
Global markets week ahead: The volatility puzzle

Global markets week ahead: The volatility puzzle

As markets' summer doldrums leave financial volatility and trading volumes at their lowest in years, investors are puzzling over what appears to be complacency about the potential for renewed market tensions during an event-packed September.
Published 20 Aug, 2012 12:00am
Philippines widens sea search for missing interior minister

Philippines widens sea search for missing interior minister

The Philippines has widened a search for the interior minister and two pilots a day since they went missing after a twin-engine light plane carrying them plunged into the sea off the central island of Masbate, the navy commander said on Sunday.
Published 20 Aug, 2012 12:00am
Contaminated pickles kill seven in Japan

Contaminated pickles kill seven in Japan

Seven people, most of them elderly women, died after eating pickles contaminated with E. coli in northern Japan, officials said Sunday, in the country's deadliest mass food poisoning in 10 years. A total of 103 others have been made ill after eating the s
Published 20 Aug, 2012 12:00am
Journalists protest pace of Philippine massacre trial

Journalists protest pace of Philippine massacre trial

Philippine journalists and activists gathered for an overnight vigil late on Sunday, criticising the slow pace of the trial over a massacre that left 57 people including journalists dead.
Published 20 Aug, 2012 12:00am
Anti-Japan protests erupt in China over island row

Anti-Japan protests erupt in China over island row

Protests against Japan broke out in at least eight Chinese cities on Sunday, as authorities allowed thousands of people to show their anger over a bitter territorial row between the two nations. The demonstrations - which saw Japanese shops and cars targe
Published 20 Aug, 2012 12:00am
Turkey probes Kurdish MPs for meeting PKK rebels

Turkey probes Kurdish MPs for meeting PKK rebels

Prosecutors in Turkey are investigating an impromptu roadside meeting at which pro-Kurdish MPs smiled and embraced separatist militants in the south-east of the country, an act which drew strong criticism from senior political leaders on Sunday.
Published 20 Aug, 2012 12:00am
Iraqi Sunni leader wounded at beginning of Eid

Iraqi Sunni leader wounded at beginning of Eid

A Sunni religious leader who called on Iraqis to fight US troops but has more recently advocated national reconciliation was wounded by a car bomb as the Eid al-Fitr festival began in Baghdad on Sunday. Mehdi al-Sumaidaie was travelling in west Baghdad af
Published 20 Aug, 2012 12:00am
More than 350 migrants rescued off Italian coast

More than 350 migrants rescued off Italian coast

Italian coastguards rescued more than 350 African migrants off the small Italian island of Lampedusa over the weekend as they tried to reach European shores on rickety wooden boats, a coastguard official told Reuters on Sunday.
Published 20 Aug, 2012 12:00am
Car bombs kill two in Libyan capital

Car bombs kill two in Libyan capital

At least two people were killed when three car bombs exploded near interior ministry and security buildings in the Libyan capital on Sunday, the first lethal attack of its kind since Muammar Gaddafi's fall last year, security sources said.
Published 20 Aug, 2012 12:00am
Jerusalem police arrest suspects in anti-Arab attack

Jerusalem police arrest suspects in anti-Arab attack

Jerusalem police on Sunday arrested three Jewish teens suspected of a brutal hate attack on young Palestinians, and magistrates remanded in custody another suspect detained a day ago.
Published 20 Aug, 2012 12:00am
Australia defends 'tough' asylum-seeker policy

Australia defends 'tough' asylum-seeker policy

Australian Prime Minister Julia Gillard on Sunday defended her decision to send asylum-seekers arriving by boat to Pacific islands, saying it was a "tough" policy but could save lives. Canberra's plans to reopen shuttered camps on Papua New Guinea's remot
Published 20 Aug, 2012 12:00am
German spies active off Syria coast

German spies active off Syria coast

German spies are stationed off the Syrian coast and are passing on information designed to help rebels in their fight against President Bashar al-Assad, a newspaper reported on Sunday.
Published 20 Aug, 2012 12:00am
Boy electrocuted

Boy electrocuted

A boy was electrocuted in Mamonkanjan police station limits. According to police, 8-year-old Muneer was playing in a street in Chak No 552-GB when he received a fatal electric shock from an electricity pole.
Published 20 Aug, 2012 12:00am
More dams needed to meet rising power demand: LCCI

More dams needed to meet rising power demand: LCCI

The Lahore Chamber of Commerce and Industry has stressed the need for immediate construction of water reservoirs and dams to meet increasing power shortage. LCCI Senior Vice President Meher Kashif Younis, talking to a delegation of economists here on Sund
Published 20 Aug, 2012 12:00am
Mirwaiz, other leaders put under house arrest

Mirwaiz, other leaders put under house arrest

The authorities have placed All Parties Hurriyet Conference Chairman Mirwaiz Umar Farooq and other Hurriyet leaders, including Syed Ali Gilani, Agha Syed Hassan Al-Moosvi, Shabbir Ahmed Shah and Nayeem Ahmed Khan under house arrest ahead of Eid-ul-Fitr. T
Published 20 Aug, 2012 12:00am
All main rivers flowing normal: Flood Commission

All main rivers flowing normal: Flood Commission

All main rivers including Indus, Jhelum, Chenab, Ravi and Sutlej are flowing normal. According to Federal Flood Commission here on Sunday, Tarbela and Mangla Dams are at elevations of 1439.68 feet and 1169.05 feet respectively, which are 60.32 feet and 72
Published 20 Aug, 2012 12:00am
Parliamentarians, trade delegations to visit India on August 22

Parliamentarians, trade delegations to visit India on August 22

A high-level 18-member Pak parliamentarians and traders delegation will leave for India on a four-day visit via Wagha border on August 22 for the promotion of durable peace, harmony and expedite the flow of trade among SAARC member countries.
Published 20 Aug, 2012 12:00am
Nawaz calls for establishing a just society

Nawaz calls for establishing a just society

There is a need to establish a welfare society based on economic justice where no one needed alms and charity to survive, leader of Pakistan Muslim League-N Nawaz Sharif said in his Eid message on Sunday. Highlighting the blessings of Ramazan, he said tha
Published 20 Aug, 2012 12:00am
Fool-proof security measures taken

Fool-proof security measures taken

Eid dul-Fitr prayers will be offered in the four thousands mosques of the provincial metropolis besides open place parks and religious places here on Monday. Lahore police have made fool proof security arrangement for the protection of life and property o
Published 20 Aug, 2012 12:00am
Punjab chief minister inaugurates IT Centre at Punjab Sports Board

Punjab chief minister inaugurates IT Centre at Punjab Sports Board

Punjab Chief Minister, Shahbaz Sharif has said that when playgrounds become inhabited, the hospitals become deserted. He said that extracurricular activities are as important for the youth as the academic activities. He said that information technology is
Published 20 Aug, 2012 12:00am
11 suspects arrested

11 suspects arrested

Police in its ongoing drive against anti-social elements have arrested 11 accused for allegedly carrying illegal weapons, drugs and liquor from different localities. The police recovered 2240 grams charras, 27 bottles of liquor, six 30-bore pistols with 2
Published 20 Aug, 2012 12:00am
Call for political stability to boost economic growth

Call for political stability to boost economic growth

Political stability is one of the most important pre-requisites for economic growth and development in the prevalent global scenario rife with all sorts of challenges, fiscal atop. Chief Executive "Scholars Club" Sheharyar Ali Malik stated this while chai
Published 20 Aug, 2012 12:00am
Eid prayer timings

Eid prayer timings

Eid-ul-Fitr prayer will be offered in more than four thousands mosques of the provincial metropolis besides opening places according to their scheduled timings.
Published 20 Aug, 2012 12:00am
Audit notices: calling record of taxpayers termed illegal

Audit notices: calling record of taxpayers termed illegal

The Lahore High Court recently declared that the audit notices under sections 177, 25 and 46 of the Income Tax Ordinance, 2001, Sales Tax Act, 1990 and Federal Excise Act, 2005, respectively, issued by the Commissioner purportedly calling for the record o
Published 20 Aug, 2012 12:00am
Three die, 15 hurt in road mishap

Three die, 15 hurt in road mishap

At least three passengers were killed and 15 others injured in a traffic mishap in Tando Allah Yar district, police and rescue sources said on Sunday. The sources said that the incident occurred in Keriashakh area of the district when an over speeding pas
Published 20 Aug, 2012 12:00am
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