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Print - 2013-08-03
40 mills agree to offload stocks with TCP

40 mills agree to offload stocks with TCP

In response to sugar procurement tender, some 40 mills are agreed to offload their stocks with Trading Corporation of Pakistan (TCP). TCP floated a gallop tender on July 18, 2013, for purchase of 50,000 tons of sugar from the local mills. The tender was o
Published 03 Aug, 2013 12:00am
Benazir Employees Stock Option Scheme may be closed

Benazir Employees Stock Option Scheme may be closed

The government is likely to windup Benazir Employees Stock Option Scheme (Besos), which offers a 12 percent share in public sector enterprises to their employees within nine to 12 months. Sources inside the Privatisation Commission told Business Record
Published 03 Aug, 2013 12:00am
Benazir Employees Stock Option Scheme may be closed

Benazir Employees Stock Option Scheme may be closed

The government is likely to windup Benazir Employees Stock Option Scheme (Besos), which offers a 12 percent share in public sector enterprises to their employees within nine to 12 months. Sources inside the Privatisation Commission told Business Record
Published 03 Aug, 2013 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

All-round slide was seen on the currency market on Friday amid higher demand for dollars during the process of trading, dealers said. The rupee could not maintain its climb versus the dollar, losing 17 paisa for buying at Rs 102.05 and 18 paisa for sellin
Published 03 Aug, 2013 12:00am
Benazir Employees Stock Option Scheme may be closed

Benazir Employees Stock Option Scheme may be closed

The government is likely to windup Benazir Employees Stock Option Scheme (Besos), which offers a 12 percent share in public sector enterprises to their employees within nine to 12 months. Sources inside the Privatisation Commission told Business Record
Published 03 Aug, 2013 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

All-round slide was seen on the currency market on Friday amid higher demand for dollars during the process of trading, dealers said. The rupee could not maintain its climb versus the dollar, losing 17 paisa for buying at Rs 102.05 and 18 paisa for sellin
Published 03 Aug, 2013 12:00am
Documentation: BTB Commissioners appointed at RTOs

Documentation: BTB Commissioners appointed at RTOs

The Federal Board of Revenue (FBR) has appointed Broadening of Tax-Base (BTB) Commissioner in each Regional Tax Office (RTO) to achieve the desired results under the on-going exercise of documenting the economy. Sources told Business Recorder here
Published 03 Aug, 2013 12:00am
Documentation: BTB Commissioners appointed at RTOs

Documentation: BTB Commissioners appointed at RTOs

The Federal Board of Revenue (FBR) has appointed Broadening of Tax-Base (BTB) Commissioner in each Regional Tax Office (RTO) to achieve the desired results under the on-going exercise of documenting the economy. Sources told Business Recorder here
Published 03 Aug, 2013 12:00am
Documentation: BTB Commissioners appointed at RTOs

Documentation: BTB Commissioners appointed at RTOs

The Federal Board of Revenue (FBR) has appointed Broadening of Tax-Base (BTB) Commissioner in each Regional Tax Office (RTO) to achieve the desired results under the on-going exercise of documenting the economy. Sources told Business Recorder here
Published 03 Aug, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 02, 2013).

Published 03 Aug, 2013 12:00am
Current ICAC cotton estimates as last year's

Current ICAC cotton estimates as last year's

The International Cotton Advisory Committee (ICAC) more or less forecast the same cotton production estimates for Pakistan during 2013-14 as it did in 2012-13. The government had set the cotton production target at 14.1 million bales for 2012-13, but late
Published 03 Aug, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 02, 2013).

Published 03 Aug, 2013 12:00am
Current ICAC cotton estimates as last year's

Current ICAC cotton estimates as last year's

The International Cotton Advisory Committee (ICAC) more or less forecast the same cotton production estimates for Pakistan during 2013-14 as it did in 2012-13. The government had set the cotton production target at 14.1 million bales for 2012-13, but late
Published 03 Aug, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (August 02, 2013).

Published 03 Aug, 2013 12:00am
Current ICAC cotton estimates as last year''s

Current ICAC cotton estimates as last year''s

The International Cotton Advisory Committee (ICAC) more or less forecast the same cotton production estimates for Pakistan during 2013-14 as it did in 2012-13. The government had set the cotton production target at 14.1 million bales for 2012-13, but late
Published 03 Aug, 2013 12:00am
Scanning machine out of order: over 400 containers stuck at KICT

Scanning machine out of order: over 400 containers stuck at KICT

Over 400 containers are stuck at Karachi International Containers Terminal (KICT) as the scanning machine (CSM) is out of order for last seven days; it is learnt here on Friday. According to sources, the CSM at KICT, which was solely designated for Afghan
Published 03 Aug, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (August 02, 2013).

Published 03 Aug, 2013 12:00am
Monsoon activity: WASA staff asked to remain in field

Monsoon activity: WASA staff asked to remain in field

The Punjab government has directed senior staff of the Water and Sanitation Agency (WASA) Lahore to remain in the field for immediately pumping out the rain water from the low-laying areas of the metropolis city.
Published 03 Aug, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 02, 2013).

Published 03 Aug, 2013 12:00am
REAP concerned over 'baseless' propaganda against Pakistani rice

REAP concerned over 'baseless' propaganda against Pakistani rice

REAP has shown serious concern over the propaganda against Pakistani rice. Talking to Business Recorder on Friday, Acting Chairman Rice Association of Pakistan Choudhry Samiullah said Pakistani rice in America was getting popular because of its goo
Published 03 Aug, 2013 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 31, 2013.

Published 03 Aug, 2013 12:00am
Two injured in firing on Al-Quds rally

Two injured in firing on Al-Quds rally

At least two persons on Friday sustained injuries when unidentified armed men opened indiscriminate gunshots at Al-Quds rally near Baloch Colony Bridge in the limits of Tipu Sultan police station. According to police, unknown culprits targeted the partici
Published 03 Aug, 2013 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 31, 2013.

Published 03 Aug, 2013 12:00am
Guard of SHO Kharadar gunned down

Guard of SHO Kharadar gunned down

A personal guard of SHO Kharadar police station was killed in an alleged encounter with Lyari gangsters on Friday. According to police, Gul Khan, 55 son of Ameer Gul was hit by multiple shots. Police said he died during treatment at Civil Hospital, Karach
Published 03 Aug, 2013 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 31, 2013.

Published 03 Aug, 2013 12:00am
Karzai felicitates Mamnoon

Karzai felicitates Mamnoon

Afghan President Hamid Karzai Friday telephoned President-elect Mamnoon Hussain and congratulated him on his election as the President of Pakistan. The Afghan President expressed best wishes for the President-elect and said his election manifested the peo
Published 03 Aug, 2013 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Aug, 2013 12:00am
Al-Quds Day rally assails Israeli aggression

Al-Quds Day rally assails Israeli aggression

Hundreds of protestors on Friday marched to mark the Youm-ul-Quds to condemn the Israeli atrocities against the stateless Palestinians, here amid airtight security. Participants who marched from Numaish Chowrangi to Tibet Centre carried banners and placar
Published 03 Aug, 2013 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Aug, 2013 12:00am
Imran won't apologise to Supreme Court at any cost: Hashmi

Imran won't apologise to Supreme Court at any cost: Hashmi

Pakistan Tahrik-e-Insaf (PTI) President Javed Hashmi has said that his party has no intention to insult the superior judiciary, but they will not stop from speaking the truth and hence Imran Khan will not apologise to the Supreme Court of Pakistan at any
Published 03 Aug, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 02, 2013).

Published 03 Aug, 2013 12:00am
Graduation ceremony of 13th senior management course held

Graduation ceremony of 13th senior management course held

Government service is a voluntary commitment than a mundane occupation. This was stated by the Sindh Governor, Dr Ishratul-Ebad Khan while addressing the graduation ceremony of the 13th Senior Management Course at Governor House here on Friday. At the out
Published 03 Aug, 2013 12:00am
The Weather

The Weather

The weather report on Friday (August 02, 2013) and the forecast for Saturday (August 03, 2013).

Published 03 Aug, 2013 12:00am
CM Balochistan's brother dies

CM Balochistan's brother dies

The elder brother of Chief Minister Balochistan‚ Naseer Ahmed Baloch has died of cardiac arrest in Turbat. His funeral prayers will be offered in Turbat on Saturday (today) at 5.00pm. President Asif Ali Zardari, Prime Minister Nawaz Sharif and other leade
Published 03 Aug, 2013 12:00am
Tourism ministry: Sindh seeks control of non-devolved components

Tourism ministry: Sindh seeks control of non-devolved components

Despite passage of more than two years, previous federal government had not handed over the administrative control of at least four major components of the devolved tourism ministry to Sindh. Now, PML-N has taken over the charge at the Centre and the prov
Published 03 Aug, 2013 12:00am
MQM urges political forces to forge unity

MQM urges political forces to forge unity

Deputy Convenor Muttahida Qaumi Movement Dr Khalid Maqbool Siddiqui on Friday urged all political forces to forge unity in order to steer the country out of prevailing crises. He was addressing an Iftar dinner hosted by MQM at Jinnah Ground, Azizabad here
Published 03 Aug, 2013 12:00am
Spray programme to be arranged on Eid-ul-Fitr

Spray programme to be arranged on Eid-ul-Fitr

Municipal Services Department will arrange a spray programme in all districts with the collaboration of concerned district municipal corporations and district council Karachi on the direction of KMC Administrator Syed Hashim Raza Zaidi on the occasion of
Published 03 Aug, 2013 12:00am
Rs 2.2 million looted in bank heist

Rs 2.2 million looted in bank heist

A gang of robbers on Friday looted Rs 2.2 million from a private bank branch at Mehmoodabad in the limits of Tipu Sultan police station. According to police, seven unidentified armed men barged into a private bank branch located at Mehmoodabad area and af
Published 03 Aug, 2013 12:00am
Oil price hike

Oil price hike

In a move that is likely to be painful for everybody, the government on 31st July increased the prices of petroleum products ranging between Rs 2.73 and Rs 4.99 per litre with effect from 1st August, 2013. The price of petrol was raised from Rs 101.77 to
Published 03 Aug, 2013 12:00am
One and only Fakhru Bhai

One and only Fakhru Bhai

CEC former Justice Fakhruddin G Ebrahim has done what any honourable person would do in a situation like this. He was not looking for this job, nor is he a careerist who would stick to it at all costs. In a rare agreement, the government and opposition of
Published 03 Aug, 2013 12:00am
The tyranny of bureaucracy

The tyranny of bureaucracy

The visible conflict between bureaucracy and political system does not seem to abate and as long as we Pakistanis are what we are this conflict will intensify and increase. My brief is not for bureaucracy and neither is it for politicians who could have g
Published 03 Aug, 2013 12:00am
Egypt and Pakistan vastly different

Egypt and Pakistan vastly different

Amid violent clashes in Egypt, White House officials argued this week that the United States can't cut off its $1.3 billion a year in assistance to Egypt. To do so would cause Washington to lose "influence" with the country's generals. Vital American secu
Published 03 Aug, 2013 12:00am
Zanu-PF cheerful, MDC despondent in Zimbabwe

Zanu-PF cheerful, MDC despondent in Zimbabwe

Supporters of President Robert Mugabe's Zanu-PF party were showing restrained joy on Friday as news filtered in that they were holding a strong lead in parliamentary polls. At a regional Zanu-PF headquarters in Harare, numerous people declined to comment,
Published 03 Aug, 2013 12:00am
IMF and Dar - I

IMF and Dar - I

According to reports the International Monetary Fund team recently on a Post Project Monitoring mission in Pakistan had raised concerns over the budget 2013-14's revenue targets that include tax collections as well as estimated foreign inflows, and the ad
Published 03 Aug, 2013 12:00am
Shahbaz briefed about Punjab Land Development Company affairs

Shahbaz briefed about Punjab Land Development Company affairs

Punjab Chief Minister Shahbaz Sharif presided over a high level meeting Friday in which briefing was given to him about the affairs of Punjab Land Development Company. Provincial Minister for Housing Tanvir Asalm Malik, MPA Sh. Allauddin, Chief Secretary,
Published 03 Aug, 2013 12:00am
Jumatul-Wida observed with religious reverence, zeal

Jumatul-Wida observed with religious reverence, zeal

Like other parts of the world, Muslims across the country observed Jumatul-Wida (last Friday) of the holy month of Ramazan with religious reverence and zeal. The 'Jumatul-Wida' congregations were held in which the faithful bow down before the Allah Almigh
Published 03 Aug, 2013 12:00am
SHO martyred, 5 dacoits killed during bank heist

SHO martyred, 5 dacoits killed during bank heist

A police officer was martyred and five dacoits were killed on Friday in a dacoity bid at the main bank branch on Shinkiari Road. Police said, the dacoits had entered the United Bank branch at 1 pm and snatched cash from the bank staff. In the meantime, th
Published 03 Aug, 2013 12:00am
Nadra launches smart identity cards for children

Nadra launches smart identity cards for children

The National Database and Registration Authority (Nadra) is set to start issuing chip-based Smart National Identity Cards for children of under eighteen. According to a press release, the smart cards for children, having more value added services, are bei
Published 03 Aug, 2013 12:00am
Yield of Basmati rice declines

Yield of Basmati rice declines

The per acre yield of Basmati rice has declined to 32 from 48 maunds per acre during the past five years, while India has developed seeds that produced over 50 maunds per acre. According to sources in the Pakistan Agriculture Research Council (PARC), Paki
Published 03 Aug, 2013 12:00am
Breastfeeding has potential to prevent 220,000 deaths: WHO

Breastfeeding has potential to prevent 220,000 deaths: WHO

World Health Organisation (WHO) has said that globally, breastfeeding has the potential to prevent 220,000 deaths among children under five each year. According to WHO, all infants should be exclusively breastfed for the first six months of life, with con
Published 03 Aug, 2013 12:00am
Nawaz performs Umrah

Nawaz performs Umrah

Prime Minister Mohammed Nawaz Sharif here on Friday performed Umrah and prayed for solidarity, progress and prosperity of the people of Pakistan. He also prayed Allah Almighty for His guidance and His benevolence to do his best for the bright future of th
Published 03 Aug, 2013 12:00am
Inquiry team begins probe into jailbreak

Inquiry team begins probe into jailbreak

The inquiry team constituted by the KP Government has started its work to probe into the incident that led to the jailbreak incident in D I Khan and subsequent release of around 250 prisoners by the Taliban militants in a bloody gun-battle.
Published 03 Aug, 2013 12:00am
Russian CG calls on CM Sindh

Russian CG calls on CM Sindh

The Consul General of Russian Federation in Karachi, Oleg N. Avdeev, called on Sindh Chief Minister, Syed Qaim Ali Shah at the CM House on Friday. They discussed the matters of mutual interest, says a Chief Minister House statement. Chief Minister said th
Published 03 Aug, 2013 12:00am
Climate change may increase violence: study

Climate change may increase violence: study

A new study claimed that shifts in climate are strongly linked to human violence around the world. According to study, even relatively minor change in temperature or rainfall substantially increasing the risk of conflict in ancient times or today. A new s
Published 03 Aug, 2013 12:00am
Punjab spending Rs 2 billion on health care for infants

Punjab spending Rs 2 billion on health care for infants

Provincial Minister for Finance Mian Mujtaba Shujja ur Rehman has said that in order to achieve the Millennium Development Goals (MDGs), the major focus of the government is on protecting the health of people trough strengthening of primary health care &
Published 03 Aug, 2013 12:00am
Online Tracking System installed at Railways Headquarters

Online Tracking System installed at Railways Headquarters

The Electronic Government Directorate (EGD) has developed the software for Online Tracking System (OTS) for Locomotives and Freight Wagons of Pakistan Railways installed at Railways Headquarter for the testing purpose. This was revealed at a meeting held
Published 03 Aug, 2013 12:00am
'Say no to toy weapons' drive begins in Peshawar

'Say no to toy weapons' drive begins in Peshawar

Realising increase in use of toy weapons by children and its negative impact on mentality of minors, Pakhtunkhwa Cultural Foundation (PCF) has taken an initiative of creating awareness among masses regarding seriousness of this issue and try to persuade p
Published 03 Aug, 2013 12:00am
Three 'robbers' thrashed by people

Three 'robbers' thrashed by people

Three robbers, including two women, were caught red handed and thrashed by people in Ghulam Muhammadabad police station. According to police, four bandits, including two women, stormed into the house of a trader, Zahid Imran, in Sultan Town and held the e
Published 03 Aug, 2013 12:00am
Faisalabad expanding rapidly without any planning: DCO

Faisalabad expanding rapidly without any planning: DCO

The district administration has started Peri-Urban Planning with the technical support of urban unit, Punjab, and this task would be completed within 3 months period with the joint efforts of District government Departments. This was disclosed in a meetin
Published 03 Aug, 2013 12:00am
GCU launches MS programme on Layyah campus

GCU launches MS programme on Layyah campus

The GC University Faisalabad has launched the MPhil and MS programme at its Layyah campus in order to provide an opportunity of quality education to the inhabitants at their door steps. The launching of programmes was inaugurated by GC University Faisalab
Published 03 Aug, 2013 12:00am
Economic policy: Zardari's statement irks PML-N, PTI

Economic policy: Zardari's statement irks PML-N, PTI

Pakistan Muslim League-Nawaz (PML-N) termed President Zardari's statement about the economic policy as unstable and said that it is prerogative of federal government to give policy statement. "The statement of the President is above understanding. During
Published 03 Aug, 2013 12:00am
Russian company keen to convert furnace oil power plants to coal

Russian company keen to convert furnace oil power plants to coal

A Russian Engineering Company, JSC Technopromexport, has expressed "keen interest" in the conversion of existing furnace oil power plants to the coal fuel plants. In this connection, a delegation of Technopromexports Company headed by Deputy Director Gene
Published 03 Aug, 2013 12:00am
KBP condemns hike in power, POL rates

KBP condemns hike in power, POL rates

Kisan Board Pakistan (KBP) has strongly criticised the government for increase in the electricity and petroleum prices and termed it as exploitation of the growers and whole of the nation. KBP Chief Sardar Zafar Hussein reacting to fresh hike in power and
Published 03 Aug, 2013 12:00am
Passco posts Rs 421.312 million net profit

Passco posts Rs 421.312 million net profit

Pakistan Agricultural Storage and Services Corporation (Passco) has posted a net profit of Rs 421.312 million besides contributing Rs 814.944 million to the national kitty in shape of taxes. A spokesman of the Corporation on Friday announced that accordin
Published 03 Aug, 2013 12:00am
PEF-SBSP schools set new record in SSC exams

PEF-SBSP schools set new record in SSC exams

As many as six students of different schools partnered with the Punjab Education Foundation (PEF) under its 'Subject Based Support Programme' (SBSP) have set a new record by securing more than 1,000 marks in the Matric exams, 2013. According to the PEF sp
Published 03 Aug, 2013 12:00am
GCU extends date for inter admissions

GCU extends date for inter admissions

Government College University Lahore Vice Chancellor Professor Dr Muhammad Khaleeq-ur-Rahman, due to heavy rain in the city on Friday, has extended the last day for submitting admission forms to intermediate programme till August 3, 2013 (today). The GCU
Published 03 Aug, 2013 12:00am
Punjab to lease out WWB's building

Punjab to lease out WWB's building

Punjab government has decided to lease out the Workers Welfare Board's (WWB) building situated on Raiwind Road for 99 years to COMSATS Institute of Information and Technology as recognition of its services in the field of Information Technology. This was
Published 03 Aug, 2013 12:00am
Flour prices to remain unchanged

Flour prices to remain unchanged

The Punjab government has decided not to allow any increase in the price of Atta; thus a 10-kg Atta bag will be available at Rs 315 in Ramazan bazaars while a 20-kg bag will be sold at Rs 670 in the open market. This was decided in a meeting presided over
Published 03 Aug, 2013 12:00am
Power theft in three housing societies unearthed

Power theft in three housing societies unearthed

A team of Water and Power Development Authority (Wapda) unearthed massive power theft in three housing societies here on Friday. According to details, a team of Wapda officials on a tip-off conducted raid on three housing societies in Qila Deedar Singh of
Published 03 Aug, 2013 12:00am
Emirates marks fifth anniversary of double-decker A380

Emirates marks fifth anniversary of double-decker A380

Emirates has carried more than 18 million passengers on its double-decker A380 as the airline marks the fifth anniversary of the aircraft joining its fleet. According to press release issued by Emirates Airline here on Friday, it was August 1, 2008, when
Published 03 Aug, 2013 12:00am
Solar power project: Punjab government signs MoU with Chinese firm

Solar power project: Punjab government signs MoU with Chinese firm

A Memorandum of Understanding (MoU) was signed between Punjab government and a prominent Chinese company Norinco International Corporation Limited for setting up a solar power project on Friday. Secretary Energy, Usman Bajwa and Vice President, Norinco In
Published 03 Aug, 2013 12:00am
Samsung Smart Summer campaign launched

Samsung Smart Summer campaign launched

Samsung Electronics, a market leader and award-winning innovator in the electronics industry, has announced the first week winners of its smashing summer camping for valued customers. The offer named "Samsung Smart Summer 2013" gives an unprecedented chan
Published 03 Aug, 2013 12:00am
Challan in acid case: D&SJ asked to submit report within 3 days

Challan in acid case: D&SJ asked to submit report within 3 days

Chief Justice Lahore High Court has directed District and Sessions Judge (D&SJ), Toba Tek Singh to submit his report about the submission of challan of a case of a man, who attacked his relative woman with acid, before the relevant court within three days
Published 03 Aug, 2013 12:00am
Fazl and Malik still using 'Ministers' Enclave'

Fazl and Malik still using 'Ministers' Enclave'

Former Federal minister for Interior Rehman Malik and Chairman Special Committee of Parliament on Kashmir Maulana Fazlur Rehman have not yet vacated their official residence located in the Ministers Enclave. An official source stated that under the law, f
Published 03 Aug, 2013 12:00am
Berlin axes Cold War-era spying accords with US, UK

Berlin axes Cold War-era spying accords with US, UK

Germany said Friday it had cancelled surveillance accords dating from the late 1960s with the United States and Britain in the wake of revelations about vast US online spying. Foreign Minister Guido Westerwelle said the move was "necessary and proper" ami
Published 03 Aug, 2013 12:00am
India revokes GSK cancer drug patent in latest Big Pharma blow

India revokes GSK cancer drug patent in latest Big Pharma blow

India has revoked a patent granted to GlaxoSmithKline Plc for breast cancer drug Tykerb, a decision that follows a landmark India court ruling disallowing patents for incremental innovations that was a blow to global pharmaceutical firms. However, India's
Published 03 Aug, 2013 12:00am
Anti-fracking activists and police scuffle as test drilling starts in UK

Anti-fracking activists and police scuffle as test drilling starts in UK

Scuffles broke out between anti-fracking protesters and police after an energy company finally started exploratory drilling for oil in the English countryside on Friday. Two people, a 19-year-old woman and a man, were arrested on suspicion of assaulting p
Published 03 Aug, 2013 12:00am
Egyptian police to blockade protest camp, avoid showdown

Egyptian police to blockade protest camp, avoid showdown

Egyptian police will blockade a Muslim Brotherhood protest camp set up by supporters of ousted Islamist president Mohamed Morsi but hold off from storming the site, state TV said on Friday. The decision should lessen the chance of a bloody showdown betwee
Published 03 Aug, 2013 12:00am
Berlusconi conviction leaves Italian government hanging

Berlusconi conviction leaves Italian government hanging

Italy's fragile coalition government, already struggling to contain deep divisions over tax and economic policy, woke up to a whole set of new problems on Friday after Silvio Berlusconi's conviction for tax fraud was upheld by the supreme court. Just thre
Published 03 Aug, 2013 12:00am
Kerry and UAE call for 'return to normal' in Egypt

Kerry and UAE call for 'return to normal' in Egypt

US Secretary of State John Kerry and the United Arab Emirates called on Friday for Egypt to return to normal and restore stability after fresh protests. "Egypt needs to get back to a new normal," Kerry said on a stopover in London, after Islamist backers
Published 03 Aug, 2013 12:00am
Taiwan lawmakers scuffle over planned nuclear plant

Taiwan lawmakers scuffle over planned nuclear plant

Taiwanese lawmakers hurled water and wrestled each other to the floor of the island's parliament Friday in a brawl which broke out during a debate on the fate of a controversial nuclear plant. Dozens of lawmakers from opposing camps clashed as they tried
Published 03 Aug, 2013 12:00am
Cyprus former defence minister jailed five years over blast

Cyprus former defence minister jailed five years over blast

Cyprus's ex-defence minister, Costas Papacostas, was sentenced to five years in jail on Friday in connection with a munitions dump blast at a naval base that killed 13 people. The ailing 73-year-old was not in court for the sentencing, as he was taken ill
Published 03 Aug, 2013 12:00am
China reiterates opposition to US sanctions on Iran

China reiterates opposition to US sanctions on Iran

China, Iran's largest trading partner and top oil customer, repeated its opposition on Friday to tougher US sanctions on Iran after the House of Representatives approved a bill aimed at halting Iran's oil exports. The bill seeks to cut Iran's oil exports
Published 03 Aug, 2013 12:00am
Russia faces US ire over Snowden asylum

Russia faces US ire over Snowden asylum

Russia on Friday faced the wrath of the United States after granting asylum to fugitive intelligence leaker Edward Snowden, who was settling into a safe house after over five weeks marooned in a Moscow airport transit zone. The whereabouts of Snowden - wh
Published 03 Aug, 2013 12:00am
FBI says could not have stopped Boston attack

FBI says could not have stopped Boston attack

The FBI said Friday it could not have done more to prevent the Boston Marathon bombings despite having been alerted to one of the suspects two years earlier. "We came to that consensus at this point that there's nothing more we could have done under the e
Published 03 Aug, 2013 12:00am
Former South Korea tax chief arrested for bribery

Former South Korea tax chief arrested for bribery

A former head of South Korea's national tax agency was arrested Friday on bribery charges, as the country is reportedly beset by deepening corruption. Jeon Goon-Pyo, 59, allegedly received $US300,000 in cash and a high-end watch from leading South Korean
Published 03 Aug, 2013 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded November copper contract on the Shanghai Futures Exchange climbed by 0.4 percent to 50,040 yuan ($8,200) a tonne on Friday as the market supported by signs of stabilisation in global factory sector growth as markets awaited a key labour ma
Published 03 Aug, 2013 12:00am
ICE cotton edges up on concern over tight nearby US supplies

ICE cotton edges up on concern over tight nearby US supplies

Cotton futures ticked up on Thursday, continuing their range-bound trading in light volume for another session as worries over tight US supplies in the first months of the new crop year buoyed prices despite expectations of huge global stocks. The benchma
Published 03 Aug, 2013 12:00am
France to cut military staff by 12 percent in six-year budget

France to cut military staff by 12 percent in six-year budget

France will cut nearly 34,000 military personnel under a proposed six-year defence budget to be unveiled on Friday, as government belt-tightening and a desire for more nimble forces alters the makeup of Europe's second-largest army. Defence Minister Jean-
Published 03 Aug, 2013 12:00am
Indian ruling party lawmakers quit in protest at new state

Indian ruling party lawmakers quit in protest at new state

Seven lawmakers from the ruling Indian National Congress party quit on Friday in protest at the government's decision to create a new state for an ethnic majority in the south. The decision to create Telangana for the Telugu-speaking people by splitting i
Published 03 Aug, 2013 12:00am
Rampant Iraq violence major challenge: Prime Minister

Rampant Iraq violence major challenge: Prime Minister

The worst violence to hit Iraq in five years is a major challenge, Prime Minister Nuri al-Maliki said in remarks broadcast on Friday, as attacks killed eight people. July was the deadliest month for Iraq since 2008, when the country was emerging from a bl
Published 03 Aug, 2013 12:00am
Tunisian forces launch air strikes on militants

Tunisian forces launch air strikes on militants

Tunisian forces launched air and ground strikes on Islamist militants near the Algerian border on Friday after fierce overnight clashes in the area, which coincided with increased instability and political turmoil in the North African country. Aircraft bo
Published 03 Aug, 2013 12:00am
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