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Jan 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-28
Electoral lists preparation: ECP hands over responsibility to provinces

Electoral lists preparation: ECP hands over responsibility to provinces

The Election Commission of Pakistan (ECP) Sunday handed over the responsibility of electoral lists' preparation to the provincial governments. According to reports, the ECP took the non-traditional step of handing over responsibility for preparing elector
Published 28 Oct, 2013 12:00am
Kashmiris observe Black Day against Indian occupation

Kashmiris observe Black Day against Indian occupation

Kashmiris on both sides of the Line of Control and the world over observed 27th October as Black Day to reject India's illegal occupation of Jammu and Kashmir and demand right to self-determination. It was on this day in 1947 when Indian troops invaded Ja
Published 28 Oct, 2013 12:00am
Kashmiris observe Black Day against Indian occupation

Kashmiris observe Black Day against Indian occupation

Kashmiris on both sides of the Line of Control and the world over observed 27th October as Black Day to reject India's illegal occupation of Jammu and Kashmir and demand right to self-determination. It was on this day in 1947 when Indian troops invaded Ja
Published 28 Oct, 2013 12:00am
UAE approves slightly higher federal spending for 2014

UAE approves slightly higher federal spending for 2014

The United Arab Emirates approved a federal budget of 46 billion dirhams ($12.5 billion) for 2014, half of which will go for development and social benefits, Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said on Sunday. The projected federal spendi
Published 28 Oct, 2013 12:00am
US tax probe leaves Swiss bankers afraid to travel

US tax probe leaves Swiss bankers afraid to travel

As a United States hunt for tax evaders and their accomplices gains momentum, many Swiss bankers are afraid to go abroad for fear of arrest, one business leader said in an interview published Sunday.
Published 28 Oct, 2013 12:00am
Libya says US firm Marathon to stay, eyes Algeria gas deal

Libya says US firm Marathon to stay, eyes Algeria gas deal

US firm Marathon Oil will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil Minister Abdelbari Arusi said on Saturday. Two years of turmoil after the overthrow of leader Muammar Gaddafi, as well as tough contract
Published 28 Oct, 2013 12:00am
Aung San Suu Kyi collects Rome citizenship

Aung San Suu Kyi collects Rome citizenship

Myanmar opposition leader Aung San Suu Kyi finally became an honorary citizen of Rome Sunday, 19 years after the honour was awarded to her. The Nobel peace laureate was given the citizenship in 1994 but spent most of the past two decades under house arres
Published 28 Oct, 2013 12:00am
MQM activist dies of LEAs torture, claims Haider

MQM activist dies of LEAs torture, claims Haider

Muttahida Qaumi Movement (MQM) has alleged that its activist Dilshad Ahmed has died due to the torture of law enforcement agency, a private TV channel reported. Addressing a press conference here on Sunday, MQM leader Haider Abbas Rizvi said that Dilsahd
Published 28 Oct, 2013 12:00am
Singer and songwriter Lou Reed dies

Singer and songwriter Lou Reed dies

Iconic American singer-songwriter Lou Reed, a seminal figure who melded folk music's lyricism with punk rock's energy and darkness has died, US media reported Sunday. He was 71. Reed's death, first reported by Rolling Stone Magazine, was confirmed by his
Published 28 Oct, 2013 12:00am
Futures spreads down by 275 basis points

Futures spreads down by 275 basis points

The futures spreads decreased by 275 basis points during the last week of October to 8.03 percent while the trading activities on futures counter witnessed positive trend as average daily volumes remained up by 444.7 percent to 36.74 million shares. Simil
Published 28 Oct, 2013 12:00am
Futures spreads down by 275 basis points

Futures spreads down by 275 basis points

The futures spreads decreased by 275 basis points during the last week of October to 8.03 percent while the trading activities on futures counter witnessed positive trend as average daily volumes remained up by 444.7 percent to 36.74 million shares. Simil
Published 28 Oct, 2013 12:00am
Futures spreads down by 275 basis points

Futures spreads down by 275 basis points

The futures spreads decreased by 275 basis points during the last week of October to 8.03 percent while the trading activities on futures counter witnessed positive trend as average daily volumes remained up by 444.7 percent to 36.74 million shares. Simil
Published 28 Oct, 2013 12:00am
Futures spreads down by 275 basis points

Futures spreads down by 275 basis points

The futures spreads decreased by 275 basis points during the last week of October to 8.03 percent while the trading activities on futures counter witnessed positive trend as average daily volumes remained up by 444.7 percent to 36.74 million shares. Simil
Published 28 Oct, 2013 12:00am
KSE witnesses eventful week

KSE witnesses eventful week

On the back of better results announced by various companies, the Karachi Stock Exchange (KSE) has witnessed an eventful week ended on October 25. The KSE-100 Index gained 845.81 points, closed at the level of 22,445.59 against 21,599.78. Besides, average
Published 28 Oct, 2013 12:00am
KSE witnesses eventful week

KSE witnesses eventful week

On the back of better results announced by various companies, the Karachi Stock Exchange (KSE) has witnessed an eventful week ended on October 25. The KSE-100 Index gained 845.81 points, closed at the level of 22,445.59 against 21,599.78. Besides, average
Published 28 Oct, 2013 12:00am
KSE witnesses eventful week

KSE witnesses eventful week

On the back of better results announced by various companies, the Karachi Stock Exchange (KSE) has witnessed an eventful week ended on October 25. The KSE-100 Index gained 845.81 points, closed at the level of 22,445.59 against 21,599.78. Besides, average
Published 28 Oct, 2013 12:00am
Spying on Merkel: Obama aware since 2010

Spying on Merkel: Obama aware since 2010

A German newspaper said on Sunday that US President Barack Obama knew his intelligence service was eavesdropping on Angela Merkel as long ago as 2010, contradicting reports that he had told the German leader he did not know. Germany received information t
Published 28 Oct, 2013 12:00am
Spying on Merkel: Obama aware since 2010

Spying on Merkel: Obama aware since 2010

A German newspaper said on Sunday that US President Barack Obama knew his intelligence service was eavesdropping on Angela Merkel as long ago as 2010, contradicting reports that he had told the German leader he did not know. Germany received information t
Published 28 Oct, 2013 12:00am
FoDP has become dormant: Dr Waqar

FoDP has become dormant: Dr Waqar

The Friends of Democratic Pakistan (FoDP) Forum has become dormant. However, Pakistan is following the pledges made by donors at Tokyo meeting in 2009 and budgeted Rs 1.119 billion inflows in current fiscal year. Secretary Finance Dr Waqar Masood told
Published 28 Oct, 2013 12:00am
FoDP has become dormant: Dr Waqar

FoDP has become dormant: Dr Waqar

The Friends of Democratic Pakistan (FoDP) Forum has become dormant. However, Pakistan is following the pledges made by donors at Tokyo meeting in 2009 and budgeted Rs 1.119 billion inflows in current fiscal year. Secretary Finance Dr Waqar Masood told
Published 28 Oct, 2013 12:00am
FoDP has become dormant: Dr Waqar

FoDP has become dormant: Dr Waqar

The Friends of Democratic Pakistan (FoDP) Forum has become dormant. However, Pakistan is following the pledges made by donors at Tokyo meeting in 2009 and budgeted Rs 1.119 billion inflows in current fiscal year. Secretary Finance Dr Waqar Masood told
Published 28 Oct, 2013 12:00am
THE RUPEE: bears dominate

THE RUPEE: bears dominate

Strong demand for dollars forced the rupee to travel in negative territory during the week, ended on October 26, 2013. In the interbank market, the rupee fell by 10 paisa in relation to the dollar for buying at Rs 106.45 and it also shed eight paisa for s
Published 28 Oct, 2013 12:00am
THE RUPEE: bears dominate

THE RUPEE: bears dominate

Strong demand for dollars forced the rupee to travel in negative territory during the week, ended on October 26, 2013. In the interbank market, the rupee fell by 10 paisa in relation to the dollar for buying at Rs 106.45 and it also shed eight paisa for s
Published 28 Oct, 2013 12:00am
MWM opposes dialogue

MWM opposes dialogue

Majlis-e-Wahdatul Muslimeen (MWM) on Sunday said that there should be no talks with the Taliban, a private TV channel reported. MWM leader Allama Nasir Abbas said that the Pakistan Muslim League-Nawaz (PML-N) was scared to confront terrorists, adding that
Published 28 Oct, 2013 12:00am
MWM opposes dialogue

MWM opposes dialogue

Majlis-e-Wahdatul Muslimeen (MWM) on Sunday said that there should be no talks with the Taliban, a private TV channel reported. MWM leader Allama Nasir Abbas said that the Pakistan Muslim League-Nawaz (PML-N) was scared to confront terrorists, adding that
Published 28 Oct, 2013 12:00am
Ulema Council urges government to initiate talks with Taliban

Ulema Council urges government to initiate talks with Taliban

Pakistan Ulema Council (PUC) on Sunday demanded of the government to initiate dialogues with the Taliban without any delay. Representatives of 23 religious and political parties participated in "Istehkaam-e-Pakistan Conference" aimed at forging unity amon
Published 28 Oct, 2013 12:00am
Ulema Council urges government to initiate talks with Taliban

Ulema Council urges government to initiate talks with Taliban

Pakistan Ulema Council (PUC) on Sunday demanded of the government to initiate dialogues with the Taliban without any delay. Representatives of 23 religious and political parties participated in "Istehkaam-e-Pakistan Conference" aimed at forging unity amon
Published 28 Oct, 2013 12:00am
The Weather

The Weather

The weather report on Sunday (October 27, 2013) and the forecast for Monday (October 28, 2013).

Published 28 Oct, 2013 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 21 to 25 2013).

Published 28 Oct, 2013 12:00am
The die is cast

The die is cast

That the die is cast for President Assad and his associates is clear; the question though remains whether or not he is paying heed. He has vowed to fight to the last breath. It may be recalled that Qadhafi was also told to leave or face the consequences,
Published 28 Oct, 2013 12:00am
Strained finances trip up French firms' recovery role

Strained finances trip up French firms' recovery role

Squeezed by thin margins and high debt, French companies will struggle to ramp up the investment spending on which President Francois Hollande's government is banking to underpin a fragile recovery. Hollande's government has hung its 2014 recovery hopes o
Published 28 Oct, 2013 12:00am
Successful visit

Successful visit

This week past the focus of Pakistani media's attention was on Prime Minister Nawaz Sharif's four-day scheduled visit to the United States and his meetings with several Obama administration senior officials culminating in a meeting with the US President h
Published 28 Oct, 2013 12:00am
Unprovoked firing

Unprovoked firing

To a discerning mind the currently bellicose India is a product of the election fever, and that bellicosity is likely to intensify as it moves towards the husting. Both the principal contenders for power, Congress Party and Bhartiya Janata Party, being al
Published 28 Oct, 2013 12:00am
Privatisation: pitfalls on the path

Privatisation: pitfalls on the path

PML-N-led government has committed to the International Monetary Fund that it will "step up efforts to reform Public Sector Enterprises focusing on limiting poor performance and improving public sector resource allocation". In its Letter of Intent (LoI) t
Published 28 Oct, 2013 12:00am
Five killed as political strike grips Bangladesh

Five killed as political strike grips Bangladesh

At least five people were killed in nation-wide clashes as Bangladesh's opposition Sunday began a three-day strike to demand the prime minister quit and make way for polls under a caretaker government Police said officers opened fire at protesters in the
Published 28 Oct, 2013 12:00am
Saudi women fined for defying driving ban: police

Saudi women fined for defying driving ban: police

At least 16 Saudi women have received fines for taking the wheel on a day set by activists to defy the kingdom's traditional ban on female driving, police and reports said Sunday. Only few women braved official threats of punishment and drove on Saturday
Published 28 Oct, 2013 12:00am
Spaniards rally against European court's freeing of ETA member

Spaniards rally against European court's freeing of ETA member

Thousands of people rallied in Madrid on Sunday to protest against a European court ruling which released an ETA member from jail and opened the way for dozens of other convicted Basque separatists to walk free. Ines del Rio, who was jailed in 1989 for he
Published 28 Oct, 2013 12:00am
Prime Minister ally claims win in Georgia presidential poll

Prime Minister ally claims win in Georgia presidential poll

An ally of billionaire Georgian Prime Minister Bidzina Ivanishvili claimed a crushing first-round victory in a presidential vote Sunday after his main opponent conceded defeat and exit polls pointed to an overwhelming win.
Published 28 Oct, 2013 12:00am
Thousands protest Putin's crackdown in Russia

Thousands protest Putin's crackdown in Russia

Several thousand Russians marched through central Moscow on Sunday in a new protest at President Vladimir Putin's rule and a judicial crackdown against opponents. Chanting "Putin is a thief" and "Freedom to political prisoners!", protesters marched with f
Published 28 Oct, 2013 12:00am
Germany warns Israel to face UN rights panel

Germany warns Israel to face UN rights panel

Germany has warned Israel to attend a periodic UN human rights review on Tuesday or face "severe diplomatic damage", Haaretz newspaper reported on Sunday. Israel cut all ties with the Geneva-based UN Human Rights Council in March 2012, after it announced
Published 28 Oct, 2013 12:00am
Iranian capital takes down some anti-American posters

Iranian capital takes down some anti-American posters

Tehran authorities have taken down some anti-American posters, amid signs Iran is seeking better relations with the United States as the two sides prepare to hold talks over its nuclear programme. A Tehran municipal official said some anti-American billbo
Published 28 Oct, 2013 12:00am
Somalia journalists beaten, radio stations taken off air: union

Somalia journalists beaten, radio stations taken off air: union

Somali security agents stormed and shut down two radio stations, beat and detained reporters, and impounded their equipment, their union said. The National Union of Somali Journalists (NUSOJ) said the raid in Mogadishu on Saturday was connected to stories
Published 28 Oct, 2013 12:00am
Iran parliament approves two ministers, rejects third

Iran parliament approves two ministers, rejects third

Iran's parliament, dominated by conservatives, on Sunday approved two new members of moderate President Hassan Rouhani's government but rejected a third, media reported. Ali Asghar Fani was approved for education and Reza Faraji Dana for the science, rese
Published 28 Oct, 2013 12:00am
French police disperse protesters at bullfight

French police disperse protesters at bullfight

Riot police on Sunday forcefully dispersed some 750 animal-rights activists attempting to prevent spectators from attending a bullfight in southern France. The protesters had blocked the entrance to the bullfighting arena in Rodhilan, a town near Nimes, c
Published 28 Oct, 2013 12:00am
Fatal 'insider attack' at new Afghan army academy

Fatal 'insider attack' at new Afghan army academy

An Afghan soldier shot and injured two Nato coalition troops before being killed in a dispute at a flagship officer-training academy near Kabul that only opened a week ago, officials said Sunday. Nato officials confirmed the shooting at the British-run Af
Published 28 Oct, 2013 12:00am
'Manual of Ports, Shipping and Admiralty Law' launched

'Manual of Ports, Shipping and Admiralty Law' launched

Pakistan's trade with different countries could be enhanced further if international laws of trade, customs and shipping could be fully understood and practised at local level by traders and businessmen or lawyers on their behalf. This was stated by Judge
Published 28 Oct, 2013 12:00am
Over 90 suspects nabbed in separate raids

Over 90 suspects nabbed in separate raids

Law Enforcement Agencies (LEAs) on Sunday claimed to have arrested over 90 suspects, including target killer in separate raids while a member of banned outfist was killed in an encounter at Orangi Town. According to official sources, an alleged member of
Published 28 Oct, 2013 12:00am
Three-day workshop on TOACS from October 30

Three-day workshop on TOACS from October 30

A 3-day workshop in collaboration with College of Physician and Surgeons Pakistan, Lahore Centre on 'Task Oriented Assessment of Clinical Skills' (TOACS) for Paediatrics Post Graduate Residents will be held in Lahore General Hospital, Lahore from October
Published 28 Oct, 2013 12:00am
Minister orders inquiry into Pangrio incident

Minister orders inquiry into Pangrio incident

Sindh Minister for Local Government Syed Owais Muzaffar has directed DIG Hyderabad to hold fresh inquiry into the Pangrio incident where some criminals had allegedly desecrated the body of a Hindu Dalit folk singer, Bhooro Bheel, a few weeks back.
Published 28 Oct, 2013 12:00am
Malik Baloch announces Rs 2 million for KPC

Malik Baloch announces Rs 2 million for KPC

Balochistan Chief Minister Dr Abdul Malik Baloch on Sunday announced to give Rs 2 million to the KPC, on behalf of the Government of Balochistan. He announced this during a Meet the Press programme of Karachi Press Club (KPC) here.
Published 28 Oct, 2013 12:00am
'Qingqi rickshaw drivers must follow traffic rules'

'Qingqi rickshaw drivers must follow traffic rules'

The Karachi Transport Action Committee (KTAC) has called upon the DIG Traffic to make the owners and drivers of the Qingqi rickshaws follow the traffic rules. In a statement the President KTAC, Ashraf Banglori said that the unorganised parking of Qingqi r
Published 28 Oct, 2013 12:00am
Aftab Chaudhry reappointed CEO LSE

Aftab Chaudhry reappointed CEO LSE

The incumbent MD of Lahore Stock Exchange, Aftab Ahmad Chaudhry, has been reappointed as the CEO of the exchange for another three-year term. According to LSE spokesman, with this reappointment, MD LSE becomes the first ever professional to get the record
Published 28 Oct, 2013 12:00am
HCCI slams SWWB's poor performance

HCCI slams SWWB's poor performance

Sikandar Ali Dhandoori, Chairman EOBI, SESSI & SWWB Sub-Committee of Hyderabad Chamber of Commerce & Industry in a press statement has expressed his deep concern over the non-provision of text books and uniforms to students of the SWWB High School, SITE,
Published 28 Oct, 2013 12:00am
PPP and MQM enjoy good relations: Sharjeel

PPP and MQM enjoy good relations: Sharjeel

Sindh Information Minister, Sharjeel Memon said on Sunday that contact between the Muttahida Qaumi Movement (MQM) and Pakistan People's Party (PPP) can be beneficial for the prosperity of the province. Talking to media persons, Sharjeel Memon said it was
Published 28 Oct, 2013 12:00am
Man gunned down in Korangi

Man gunned down in Korangi

A man was killed while two others including a minor boy sustained injuries in separate incidents of violence at various parts of the metropolis here on Sunday. According to police and rescue sources, a man namely Muhammad Hussnain, 25, son of Muhammad Ism
Published 28 Oct, 2013 12:00am
Warring groups in Lyari agree to ceasefire

Warring groups in Lyari agree to ceasefire

Warring groups in Lyari agreed to a ceasefire, while the police and Rangers' joint operation continued on Sunday. At least twenty persons were killed during the last two days of fierce battles between two rival groups in Lyari, when heavy arms, hand grena
Published 28 Oct, 2013 12:00am
Making music eases physical exertion: study

Making music eases physical exertion: study

Making music during workouts greatly reduces the perceived exertion, a study by researchers from Germany and Belgium has found. Simply listening to pre-recorded music does not have the same effect. The research team, headed by Thomas Hans Fritz, a neurolo
Published 28 Oct, 2013 12:00am
'Lifestyle diseases' new threat to Asia: WHO

'Lifestyle diseases' new threat to Asia: WHO

Asia-Pacific countries face serious challenges from "lifestyle" diseases and ageing populations even as they overcome more traditional illnesses, the World Health Organisation's regional director said on October 21. Western Pacific WHO director Shin Young
Published 28 Oct, 2013 12:00am
Global warming linked to wildfires

Global warming linked to wildfires

Wildfires are "absolutely" linked to global warming and increasingly intense heatwaves, the UN climate chief has said, as bushfires burned out of control in Australia.
Published 28 Oct, 2013 12:00am
Australian scientists strike gold in gum trees

Australian scientists strike gold in gum trees

Australian researchers have found tiny particles of gold hidden inside the leaves of eucalyptus trees, in a discovery they say could help prospectors discover new deposits of the precious metal. Scientists from the Commonwealth Scientific and Industrial R
Published 28 Oct, 2013 12:00am
Stemcell-seeded windpipe patient healthy

Stemcell-seeded windpipe patient healthy

A woman who received a donor windpipe seeded with her own stem cells in groundbreaking surgery five years ago is healthy, said a report on October 22, hailing progress in tissue engineering. Donor windpipes are often rejected by the recipient's immune sys
Published 28 Oct, 2013 12:00am
Dolphins inspire rescue radar device

Dolphins inspire rescue radar device

British engineers said on October 23 they had taken inspiration from dolphins for a new type of radar device that could easily track miners trapped underground or skiers buried in an avalanche. The device, like dolphins, sends out two pulses in quick succ
Published 28 Oct, 2013 12:00am
Gene mutation speeds up brain decline in Alzheimer's

Gene mutation speeds up brain decline in Alzheimer's

A rare genetic mutation associated with Alzheimer's disease has been found to accelerate the loss of brain tissue and lead to quicker mental decline, researchers said. People with the TREM2 gene variant lost brain tissue twice as fast as healthy elderly p
Published 28 Oct, 2013 12:00am
Fact file on air pollutants

Fact file on air pollutants

Here is a factfile on health-damaging atmospheric pollutants, following a determination on October 17 by the World Health Organisation (WHO) that outdoor air pollution is a leading cause of cancer:
Published 28 Oct, 2013 12:00am
Astronomers discover most distant galaxy yet

Astronomers discover most distant galaxy yet

Astronomers have found the most distant galaxy yet, a discovery that pushes back scientists' view of the universe to about 700 million years after it is thought to have come into existence. Light from the galaxy, designated by scientists as z8GND5296, t
Published 28 Oct, 2013 12:00am
Nokia launches first tablet, new phablets

Nokia launches first tablet, new phablets

Nokia, whose handset division is to be acquired by Microsoft, launched its first-ever tablet commputer in Abu Dhabi on October 22 The Windows 10-inch screen tablet, Lumia 2520, was one of six devices unveiled, including two so-called "phablets" - large sc
Published 28 Oct, 2013 12:00am
Internet radio leaves no wish unfulfilled

Internet radio leaves no wish unfulfilled

It can be overwhelming trying to pick songs from more than 16 million choices waiting online. Far easier, some say, is to opt for internet radio and let others put together the right mix. Internet radio has something for everyone. There are stations and s
Published 28 Oct, 2013 12:00am
'Americans compulsively check smartphones'

'Americans compulsively check smartphones'

The majority of US smartphone owners compulsively check handsets at least hourly, according to survey results released on October 22 by mobile security firm Lookout. About 63 percent of people surveyed said they check their smartphones at least once each
Published 28 Oct, 2013 12:00am
Alternative mobile browsers garner good reviews

Alternative mobile browsers garner good reviews

Despite glitches or missing functions, a lot of pre-installed mobile browsers end up being the first choice of most smartphone users. But there's no reason to get annoyed about the factory presets when there are so many alternative browsers out there wait
Published 28 Oct, 2013 12:00am
Apple unveils thinner, lighter 'iPad Air'

Apple unveils thinner, lighter 'iPad Air'

Apple on October 22 unveiled a slimmer version of its top-selling full-size tablet computer, dubbed the "iPad Air," along with a revamped iPad Mini with an improved high-definition display. The new iPad Air is 43 percent thinner than the version it replac
Published 28 Oct, 2013 12:00am
Spend more on wi-fi repeaters to get useful extra functions

Spend more on wi-fi repeaters to get useful extra functions

Computer users can employ a repeater costing 30 to 50 euros (41 to 68 dollars) to bring wi-fi to even the remotest corners of their home. But investing a little more money brings useful options, reports German computer magazine PC Magazine after testing s
Published 28 Oct, 2013 12:00am
Media outlets urged to 'Share Stories' at Facebook

Media outlets urged to 'Share Stories' at Facebook

Facebook sought to entice media outlets to post more news stories at the leading social network October 22, helping pinpoint promising pieces - a tactic aimed at combating Twitter. A "Stories to Share" feature added to Facebook pages of news organisations
Published 28 Oct, 2013 12:00am
Facebook becoming a key player in news: study

Facebook becoming a key player in news: study

Facebook is becoming a key source of news for users of the huge social network, even if people discover articles mostly by happenstance, a study showed Thursday. The study by the Pew Research Centre, in collaboration with the Knight Foundation, found 64 p
Published 28 Oct, 2013 12:00am
Chinese, Russian, Arabic language web addresses coming

Chinese, Russian, Arabic language web addresses coming

The first-ever non-Latin language website address domains are on their way, the Internet's overlords said October 23. Online domains in which website addresses would end with words in Chinese, Russian, or Cyrillic have been approved according to the US-ba
Published 28 Oct, 2013 12:00am
YouTube to introduce paid music service

YouTube to introduce paid music service

YouTube is to introduce a paid music service that will compete with Spotify, Pandora and iTunes Radio, The New York Times reported Thursday. The report said that the subscription service would debut before the end of the year at a price of around 10 dolla
Published 28 Oct, 2013 12:00am
VLC Media Player: update closes security gaps

VLC Media Player: update closes security gaps

The often-downloaded VLC Media Player has a security vulnerability. Affected are all versions of the free program up to and including 2.0.8, according to the German Federal Office for Information Security BSI. Users can find out which version of the progr
Published 28 Oct, 2013 12:00am
Android 4.4 to have interchangeable SMS apps

Android 4.4 to have interchangeable SMS apps

Google has released the first details about the new version of its mobile operating system Android. It will be numbered 4.4 and be called KitKat. It will have interchangeable SMS apps. Users can choose which program they want to send text messages and are
Published 28 Oct, 2013 12:00am
Windows Phone update: support for quad-core CPUs and phablets

Windows Phone update: support for quad-core CPUs and phablets

A third update for Windows Phone 8 will be coming in the next couple months, Microsoft has announced. The mobile operating system will be able to run on five to six-inch phablet displays and support full HD resolution (1080p). In addition, there are more
Published 28 Oct, 2013 12:00am
Microsoft to limit support for Windows 8 without update

Microsoft to limit support for Windows 8 without update

Users of Windows 8 will have to upgrade to the new 8.1 version within the next two years, as technical support for the older variation will then be terminated, Microsoft has announced. Important updates to correct errors or fix security lapses will then o
Published 28 Oct, 2013 12:00am
New-look Philips lights up profits

New-look Philips lights up profits

Dutch group Philips, which has transformed itself away from some of its traditional businesses, reported an almost three-fold surge in third-quarter net profit on October 21. The company also announced that later in the day it would begin to buy back its
Published 28 Oct, 2013 12:00am
New-look Philips lights up profits

New-look Philips lights up profits

Dutch group Philips, which has transformed itself away from some of its traditional businesses, reported an almost three-fold surge in third-quarter net profit on October 21. The company also announced that later in the day it would begin to buy back its
Published 28 Oct, 2013 12:00am
Lufthansa unveils new 2013 profit outlook

Lufthansa unveils new 2013 profit outlook

Germany's Lufthansa unveiled a new 2013 profit outlook that fell short of expectations, driving its shares lower, as restructuring costs and volatile exchange rates weighed on its earnings. The German flagship airline, like peers such as Air France-KLM, i
Published 28 Oct, 2013 12:00am
Lufthansa unveils new 2013 profit outlook

Lufthansa unveils new 2013 profit outlook

Germany's Lufthansa unveiled a new 2013 profit outlook that fell short of expectations, driving its shares lower, as restructuring costs and volatile exchange rates weighed on its earnings. The German flagship airline, like peers such as Air France-KLM, i
Published 28 Oct, 2013 12:00am
Caterpillar reports 44 percent drop in profits

Caterpillar reports 44 percent drop in profits

Slumping industrial giant Caterpillar on October 23 reported a 44 percent drop in profits and again slashed its 2013 full-year forecast due to weakness in the mining sector. The company, which sells machinery and engines to the construction, mining and pe
Published 28 Oct, 2013 12:00am
Credit Suisse almost doubles net profit

Credit Suisse almost doubles net profit

Swiss banking giant Credit Suisse posted a soaring third-quarter net profit on October 24, but still fell far short of analyst expectations amid worsening market conditions. For the July-September period, the bank, Switzerland's second-biggest, made a net
Published 28 Oct, 2013 12:00am
Wipro second quarter profit up 28.5 percent

Wipro second quarter profit up 28.5 percent

Wipro Ltd, India's third-largest IT services exporter, beat analyst estimates with a 28.5 percent rise in quarterly profit thanks to higher spending by its biggest clients. Wipro said revenue in its main IT services business in the three months to Decembe
Published 28 Oct, 2013 12:00am
Wipro second quarter profit up 28.5 percent

Wipro second quarter profit up 28.5 percent

Wipro Ltd, India's third-largest IT services exporter, beat analyst estimates with a 28.5 percent rise in quarterly profit thanks to higher spending by its biggest clients. Wipro said revenue in its main IT services business in the three months to Decembe
Published 28 Oct, 2013 12:00am
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