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Print - 2014-09-01
Imran parts ways with Hashmi

Imran parts ways with Hashmi

In the face of stiff resistance from the government to disperse the sit-in protesters, demanding resignation of Prime Minister Nawaz Sharif, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Sunday declared unequivocally to continue the protest until
Published 01 Sep, 2014 12:00am
Hashmi accuses Imran of reneging on agreement

Hashmi accuses Imran of reneging on agreement

Pakistan Tehreek-e-Insaf (PTI) president Javed Hashmi, who distanced himself from the anti-government sit-in, said on Sunday that party chairman Imran Khan had violated a party decision as it was agreed that marchers would not proceed towards PM's House o
Published 01 Sep, 2014 12:00am
Hashmi accuses Imran of reneging on agreement

Hashmi accuses Imran of reneging on agreement

Pakistan Tehreek-e-Insaf (PTI) president Javed Hashmi, who distanced himself from the anti-government sit-in, said on Sunday that party chairman Imran Khan had violated a party decision as it was agreed that marchers would not proceed towards PM's House o
Published 01 Sep, 2014 12:00am
Commanders meet in GHQ, contemplating

Commanders meet in GHQ, contemplating

A Corps Commanders' Conference was held at General Headquarters on Sunday night after clashes between police and opposition protesters seeking to topple the government. Chief of Army Staff (COAS) General Raheel Sharif presided over the conference. While r
Published 01 Sep, 2014 12:00am
Commanders meet in GHQ, contemplating

Commanders meet in GHQ, contemplating

A Corps Commanders' Conference was held at General Headquarters on Sunday night after clashes between police and opposition protesters seeking to topple the government. Chief of Army Staff (COAS) General Raheel Sharif presided over the conference. While r
Published 01 Sep, 2014 12:00am
The Weather

The Weather

The weather report on Sunday (August 31, 2014) and the forecast for Monday (September 01, 2014).

Published 01 Sep, 2014 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 25 to 29, 2014).

Published 01 Sep, 2014 12:00am
Message from Chairman, Pakistan-Malaysia Business Council (FPCCI)

Message from Chairman, Pakistan-Malaysia Business Council (FPCCI)

On the auspicious occasion of Malaysian National Day, the Chairman Pakistan-Malaysian Business Council of FPCCI Bashir Jan Mohammad extends his warmest congratulations to the people and government of Malaysia. PMBC of FPCCI value its relationship with the
Published 01 Sep, 2014 12:00am
Pakistan-Malaysia trade relations

Pakistan-Malaysia trade relations

The diplomatic relations between Malaysia and Pakistan were established in 1957 after the former's independence. At its inception, the High Commission of Malaysia was placed in Karachi, which was the capital city of Pakistan then. However, in 1968, the Hi
Published 01 Sep, 2014 12:00am
Tourism in Malaysia

Tourism in Malaysia

Malaysia attracted an amazing 25 million tourists in 2012 and slogan "Malaysia Truly Asia" campaign is globally recognized. Plainly speaking, our greatest strength in tourism is its product diversity. Malaysia is fortunate to have been blessed with numero
Published 01 Sep, 2014 12:00am
Dar speaks to MQM chief

Dar speaks to MQM chief

Federal Finance Minister, Senator Ishaq Dar telephoned Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Sunday. Altaf Hussain termed the Islamabad turmoil an unfortunate and a highly inappropriate happening in the history of country's politics. He sa
Published 01 Sep, 2014 12:00am
Dar speaks to MQM chief

Dar speaks to MQM chief

Federal Finance Minister, Senator Ishaq Dar telephoned Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Sunday. Altaf Hussain termed the Islamabad turmoil an unfortunate and a highly inappropriate happening in the history of country's politics. He sa
Published 01 Sep, 2014 12:00am
Zardari urges government to allow food, water to protestors

Zardari urges government to allow food, water to protestors

Former President and co-Chairman of PPP Asif Ali Zardari have asked the government to allow supply of water and food to the protestors. In a twitter message through the PPP media cell, the former President condemned the shelling of tear gas shells as well
Published 01 Sep, 2014 12:00am
Police will ensure security of redlines at all costs: SSP

Police will ensure security of redlines at all costs: SSP

The newly appointed Senior Superintendent Police (SSP) Operations Asmatullah Junejo on Sunday said that police will ensure security of redlines defined by the government at all costs. Talking to media persons, he said police would not use force against un
Published 01 Sep, 2014 12:00am
Police torture on newsmen: Saad apologises to media

Police torture on newsmen: Saad apologises to media

Following the barbaric attack on media persons covering clashes between police and anti-government protestors of Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek (PAT), Federal Minister for Railways Khawaja Saad Rafique assured strict action against th
Published 01 Sep, 2014 12:00am
PTI and PAT: government trying to resume talks: Ahsan

PTI and PAT: government trying to resume talks: Ahsan

Federal Minister for Planning and Development Ahsan Iqbal on Sunday said that government was trying to restore negotiations with Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). He said that all demands of PTI and PAT have been accepted bu
Published 01 Sep, 2014 12:00am
Zardari and Altaf phone Chaudhry Brothers

Zardari and Altaf phone Chaudhry Brothers

Former President Asif Zardari, MQM Quaid Altaf Hussain, Governor Ishratul Ebad and other leaders made telephone calls to PML Q leaders Chaudhry Shujat Hussain & Chaudhry Pervez Elahi on Sunday to inquire about their welfare after being targeted by police'
Published 01 Sep, 2014 12:00am
Police uses chemical weapons against protesters, claims Elahi

Police uses chemical weapons against protesters, claims Elahi

LAHORE: Pakistan Muslim League-Q (PML-Q) leader Chaudhry Pervez Elahi has alleged that police used chemical weapons in Islamabad incident wherein police assaulted the protesters on Saturday night. He was talking to media after visiting the persons injured
Published 01 Sep, 2014 12:00am
A sardonic comment

A sardonic comment

Anti-government protests have lasted over two weeks but prime minister Nawaz Sharif insists that he will not resign. Sporadic talks between government and opposition have failed repeatedly. The government claims that Imran Khan appears isolated in his str
Published 01 Sep, 2014 12:00am
Fuel subsidy storm clouds gather before Indonesia power handover

Fuel subsidy storm clouds gather before Indonesia power handover

Just weeks before Joko Widodo takes office, a ham-fisted attempt by the state energy firm to tackle huge fuel subsidies has sparked panic buying and highlighted the most pressing economic issue confronting Indonesia's next president.
Published 01 Sep, 2014 12:00am
Governance remains an issue!

Governance remains an issue!

Governance remains a major issue even fourteen months after the PML-N government took over - a key manifesto promise that the party has failed to deliver on. While critics maintain that no one can possibly beat the Zardari-led government's poor governance
Published 01 Sep, 2014 12:00am
Afghan electoral crisis

Afghan electoral crisis

The political crisis in Afghanistan deepened on Wednesday when Abdullah Abdullah, who won the first round of presidential election but lost the run-off to his rival Ashraf Ghani walked out of the UN-supervised audit as well. Notably, the audit was part of
Published 01 Sep, 2014 12:00am
PSEs' inevitable destiny

PSEs' inevitable destiny

It seems that the Financial Restructuring Package or a bailout package of Rs 18.5 billion approved for Pakistan Steel Mills (PSM) in April, 2014 has failed to make the promised impact. According to a news item in the Business Recorder on 27th Augus
Published 01 Sep, 2014 12:00am
Game of EU thrones nears finale

Game of EU thrones nears finale

The EU's "game of thrones" is nearing an end after the naming of a new president and diplomatic chief, with the rest of the incoming Brussels regime set to be decided in coming weeks. Jean-Claude Juncker, the head of the EU's executive body, will unveil h
Published 01 Sep, 2014 12:00am
New test fast-tracks diagnosis for malaria

New test fast-tracks diagnosis for malaria

A new invention can cheaply and accurately diagnose malaria infection in just a few minutes using only a droplet of blood, researchers reported Sunday in the journal Nature Medicine. The tool could replace the laborious, error-prone method by which a lab
Published 01 Sep, 2014 12:00am
Afghan defence minister may attend key Nato summit

Afghan defence minister may attend key Nato summit

Afghanistan may have to send only its defence minister to a Nato summit that will decide on future support because of an impasse over the presidential election, officials said Sunday. The deadlock over the fraud-tainted election has left Afghanistan in pa
Published 01 Sep, 2014 12:00am
Assad swears in government, urges reconstruction

Assad swears in government, urges reconstruction

Syria's embattled President Bashar al-Assad swore in his new government on Sunday, saying security and reconstruction would be top priorities and urging ministers to tackle corruption. The new government, appointed earlier this week after Assad's June re-
Published 01 Sep, 2014 12:00am
BBC Trust to get first female boss

BBC Trust to get first female boss

Former Financial Times Group chief Rona Fairhead is to become the first woman boss of the governing body of the BBC, which has been rocked by a string of paedophilia scandals, the government said on Sunday. Fairhead, 53, will replace Chris Patten, who qui
Published 01 Sep, 2014 12:00am
21 dead in Yemen

21 dead in Yemen

At least 21 people were killed in weekend clashes between Shia rebels and pro-government tribesmen in the north of Yemen, tribal sources said Sunday. The fighting comes as the Zaidi Shia rebels, also known as Huthis or Ansarullah, have been pressing for t
Published 01 Sep, 2014 12:00am
Iceland cuts aviation alert to orange

Iceland cuts aviation alert to orange

Iceland cut its ash warning level for aviation to orange from red on Sunday, saying a fresh fissure eruption in Iceland's Bardarbunga volcano system was not creating ash. Iceland's largest volcanic system, which cuts a 190 km long and up to 25 km wide (11
Published 01 Sep, 2014 12:00am
Israel appropriates West Bank land for possible settlement use

Israel appropriates West Bank land for possible settlement use

Israel announced on Sunday a land appropriation in the occupied West Bank that an anti-settlement group termed the biggest in 30 years and a Palestinian official said would cause only more friction after the Gaza war. Some 400 hectares (988 acres) in the
Published 01 Sep, 2014 12:00am
Three killed as Paris suburb building collapses in explosion

Three killed as Paris suburb building collapses in explosion

An eight-year-old child was among three people killed in an explosion on Sunday that reduced half of a four-storey residential block in a Paris suburb to rubble, emergency services said. Two women, one in her 80s, also died when the explosion ripped throu
Published 01 Sep, 2014 12:00am
Shebab rebels stage major attack on Somalia intelligence headquarters

Shebab rebels stage major attack on Somalia intelligence headquarters

Somalia's Shebab rebels carried out a car bomb and gun attack against an intelligence headquarters in central Mogadishu on Sunday, leaving at least seven militants and five others dead. The Al-Qaeda-linked militia claimed responsibility for the raid again
Published 01 Sep, 2014 12:00am
Somali warlord agrees to talks, boosts government peace efforts

Somali warlord agrees to talks, boosts government peace efforts

A Somali clan leader who fought for years to retake a strategic southern port city he once controlled has laid down arms and joined talks, bolstering government efforts to show it can restore order to a chaotic nation.
Published 01 Sep, 2014 12:00am
Errani outlasts Lucic-Baroni to reach last eight

Errani outlasts Lucic-Baroni to reach last eight

Sara Errani's softly-softly approach paid off Sunday as she booked her US Open quarter-final berth with a 6-3, 2-6, 6-0 victory over Mirjana Lucic-Baroni. The 13th seeded Italian was the first woman into the last eight, where she could find former champio
Published 01 Sep, 2014 12:00am
Ferrer ousted

Ferrer ousted

Spanish fourth seed David Ferrer was knocked out of the US Open by French 26th seed Gilles Simon in the third round on Sunday. Simon claimed a 6-3, 3-6, 6-1, 6-3 win to send two-time semi-finalist Ferrer to his earliest defeat in five years.
Published 01 Sep, 2014 12:00am
Djokovic, Murray sail on as Serena stands up for America

Djokovic, Murray sail on as Serena stands up for America

Novak Djokovic and Andy Murray stayed on course for a mouth-watering US Open quarter-final showdown Saturday as five-time women's champion Serena Williams stood alone as America's last singles title hope. But as the heavyweights of the sport eased into th
Published 01 Sep, 2014 12:00am
Chelsea sign France forward Remy from QPR

Chelsea sign France forward Remy from QPR

Chelsea have bolstered their attacking options by signing France forward Loic Remy from Premier League rivals Queens Park Rangers on a four-year deal, the 2012 European champions announced on Sunday. The pacy Remy, 27, arrives at Stamford Bridge after Che
Published 01 Sep, 2014 12:00am
Pakistan's defeat sparks World Cup fears

Pakistan's defeat sparks World Cup fears

Former cricket greats said Sunday they fear Pakistan's one-day defeat in Sri Lanka will hurt preparations for the World Cup just five months away. Pakistan were beaten by seven wickets in the third and final one-day international against Sri Lanka in Damb
Published 01 Sep, 2014 12:00am
Europe's Big Five smash transfer window records

Europe's Big Five smash transfer window records

England and Spain have led a record breaking summer transfer market by Europe's big five leagues worth well over $2 billion (1.5 billion euros, £1.2 billion), with more big deals looming before the window closes on Monday.
Published 01 Sep, 2014 12:00am
Liverpool ease past Spurs, Arsenal held

Liverpool ease past Spurs, Arsenal held

Liverpool reasserted their Premier League title credentials with a breezy 3-0 win at Tottenham Hotspur on Sunday, but Arsenal were held to a 1-1 draw at Leicester City. Raheem Sterling, Steven Gerrard and Alberto Moreno scored the goals for Liverpool at W
Published 01 Sep, 2014 12:00am
Zimbabwe record remarkable win over Aussies

Zimbabwe record remarkable win over Aussies

Elton Chigumbura hit an unbeaten half-century as Zimbabwe recorded a famous three-wicket victory over No 1-ranked Australia in a one-day triangular series match in Harare on Sunday for only their second win over their opponents in 31 years. Chigumbura fin
Published 01 Sep, 2014 12:00am
US startups get OK for smartphone-based heart tracking

US startups get OK for smartphone-based heart tracking

For a growing US aging population, tracking heart health via a smartphone can mean the difference between life and death. This week, two Silicon Valley startups received a green-light from the US Food and Drug Administration for mobile applications that m
Published 01 Sep, 2014 12:00am
Google drone drops chocolate for Australian farmer

Google drone drops chocolate for Australian farmer

An Australian farmer took delivery of the first Google package sent by drone during secret testing in the state of Queensland last month, a Brisbane newspaper reported Friday. The Google X division of US-based tech company on Thursday unveiled its two-yea
Published 01 Sep, 2014 12:00am
Deutsche Post plans secure message competitor to WhatsApp

Deutsche Post plans secure message competitor to WhatsApp

Deutsche Post is starting a smartphone messenger service designed to be especially secure, focused on data privacy, and, if all goes well, a competitor to popular messaging service WhatsApp. The SIMSme app lets iPhone or Android smartphone users send text
Published 01 Sep, 2014 12:00am
Tablet sales slow as PCs find footing: IDC

Tablet sales slow as PCs find footing: IDC

Tablets won't eclipse personal computers as fast as once thought, according to studies by market tracker International Data Corporation (IDC). IDC on Friday cut its forecast for shipments of tablets and "two-in-one" devices combining tablet and laptop fea
Published 01 Sep, 2014 12:00am
Universal USB plug on its way

Universal USB plug on its way

The USB Implementers Forum has come up with the specifications for a new USB 3.1 standards, meaning the day will soon be here when there's a new universal port where it doesn't matter which side faces upwards or which end of the cable is used. At 8.4 by 2
Published 01 Sep, 2014 12:00am
Maker of $33 smartphone hails 'new era' for India

Maker of $33 smartphone hails 'new era' for India

The maker of a new $33 smartphone billed as India's cheapest said Wednesday it aims to sell half a million in the next three months in what it called a "new era" for the market. Indian mobile phone maker Intex has teamed up with California-based Mozilla -
Published 01 Sep, 2014 12:00am
Eyes on Apple for 'next big thing' on September 9

Eyes on Apple for 'next big thing' on September 9

Apple gadget lovers hungered for the "next big thing" on Thursday after the iconic company fired off invites to a mystery unveiling on September 9. Fueling rampant speculation regarding what the company has in store was the fact that the event will be hel
Published 01 Sep, 2014 12:00am
Snapchat valued at $10 billion

Snapchat valued at $10 billion

US media on Tuesday reported that Snapchat was valued at $10 billion based on funding pumped into the startup by a powerhouse Silicon Valley venture capital firm. The valuation came from a move by Kleiner Perkins Caufield and Byers to invest $20 million i
Published 01 Sep, 2014 12:00am
Singapore pursues driverless car tech

Singapore pursues driverless car tech

The introduction of driverless vehicles in Singapore will be overseen by a new government committee from Wednesday, a news report said. Driverless vehicles have "the potential to transform our lives," Josephine Teo, the senior minister of state for transp
Published 01 Sep, 2014 12:00am
Three SIM cards, one mobile: Acer's Liquid E700 Trio

Three SIM cards, one mobile: Acer's Liquid E700 Trio

Dual-SIM smartphones, now ubiquitous, could seem like old hat now that Acer has come out with its quadband UMTS smartphone, the Liquid E700 Trio, which can support three SIM cards.
Published 01 Sep, 2014 12:00am
Facebook tuning mobile search at social network

Facebook tuning mobile search at social network

Facebook on Friday said it is dabbling with letting members using smartphones or tablets search for past posts of friends at the leading online social network. Facebook is testing using keywords to find old posts, the California-based company said in an e
Published 01 Sep, 2014 12:00am
Journalists protest against use of force

Journalists protest against use of force

Journalists in Lahore Sunday agitated against use of force against them in Islamabad. Protesters were holding placards against use of force against them and protested before Punjab Assembly. They raising slogans pointed that use of force against reporters
Published 01 Sep, 2014 12:00am
No possibility of army intervention: Aslam Beg

No possibility of army intervention: Aslam Beg

Former army chief General Aslam Beg (retired) has said that the drama of Imran Khan and Tahirul Qadri was over and there was little danger to democracy in the country. In an interview, the former army chief said the army was not behind the sit-ins of Imra
Published 01 Sep, 2014 12:00am
Police attack food and media vehicles

Police attack food and media vehicles

Police force on duty in the Red Zone attacked the vehicles bringing in food items and water for the protestors of PTI and PAT activists on Sunday afternoon. As soon as the vehicles carrying food items reached the Red Zone, a contingent of police in full g
Published 01 Sep, 2014 12:00am
Capital businessmen express deep concern over sit-ins

Capital businessmen express deep concern over sit-ins

The business community of federal capital on Sunday expressed deep concern over the continued closure of their shops due to sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). Islamabad Chamber of Commerce and Industries (ICCI) Pre
Published 01 Sep, 2014 12:00am
Hyderabad remains closed

Hyderabad remains closed

The city of Hyderabad on Sunday remained closed on the call of the Muttehida Qaumi Movement to observe a day of mourning against the police action in Islamabad between Saturday and Sunday night. The police took severe action against protesting workers and
Published 01 Sep, 2014 12:00am
In given circumstances changing Prime Minister is logical option: MQM

In given circumstances changing Prime Minister is logical option: MQM

Muttahida Qaumi Movement (MQM) leader Farooq Sattar said on Sunday that changing the Prime Minister is a logical option considering the ongoing political crisis. Speaking to media persons, Sattar said all four pillars of the state were under attack, alleg
Published 01 Sep, 2014 12:00am
Shahbaz condemns attacks on state institutions

Shahbaz condemns attacks on state institutions

Punjab Chief Minister Muhammad Shahbaz Sharif has said that attack on the highest state institutions like Parliament and Prime Minister House in Islamabad last night would be termed as the blackest day in the political history of the country. He said that
Published 01 Sep, 2014 12:00am
'PTI and PAT leaders ruined dignity of parliament'

'PTI and PAT leaders ruined dignity of parliament'

Speaker National Assembly Ayaz Sadiq has regretted the entry of workers of PTI and PAT into the premises of the Parliament. In a statement he held responsible Imran Khan and Tahir ul Qadri for this tragic incident. He said both of them instigated their wo
Published 01 Sep, 2014 12:00am
Bilawal condemns attacks

Bilawal condemns attacks

Bilawal Bhutto Zardari, Patron-In-Chief, Pakistan Peoples Party has strongly condemned attacks on Reporters of different news channels by the protesters and police during Islamabad riots since last night. In a press statement Sunday, the PPP Patron-In-Chi
Published 01 Sep, 2014 12:00am
Rashid condemns torture

Rashid condemns torture

Federal Minister for Information, Broadcasting and National Heritage Senator Pervez Rashid on Sunday strongly condemned torture on media persons in Islamabad. In a statement, the minister said that the federal government has taken notice of the reports of
Published 01 Sep, 2014 12:00am
HUJ protests police torture on media persons

HUJ protests police torture on media persons

Hyderabad Union of Journalists (Dastoori) held a protest demonstration in front of the press club here on Sunday against Islamabad police torture against journalists(reporters and cameramen) of ARY, Sama, Dawn and other TV channels last night when the mar
Published 01 Sep, 2014 12:00am
PBA condemns attack on journalists, media workers

PBA condemns attack on journalists, media workers

The Pakistan Broadcasters Association (PBA) in a statement issued on Sunday strongly condemned the attacks on reporters, cameramen and other media workers in Islamabad while they were busy performing their constitutional duty of keeping the people informe
Published 01 Sep, 2014 12:00am
Spanish store chain El Corte Ingles posts 6 percent profit rise

Spanish store chain El Corte Ingles posts 6 percent profit rise

Privately held Spanish department store chain El Corte Ingles announced on Sunday that net profit rose 6 percent last year, its first annual rise for six years, in spite of weak consumer demand continuing to drag on sales. El Corte Ingles, which releases
Published 01 Sep, 2014 12:00am
Swatch prefers go-it-alone route for smartwatch plans

Swatch prefers go-it-alone route for smartwatch plans

Swatch Group is happy to go it alone with a launch next year of watches with "smart" features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion. The world's biggest watchmaker, which sees the ad
Published 01 Sep, 2014 12:00am
Dubai airport passenger traffic slips in July

Dubai airport passenger traffic slips in July

Passenger traffic through Dubai's main airport dropped 2.9 percent from a year earlier to 5.16 million people in July, as construction work temporarily reduced its capacity, operator Dubai Airports said on Sunday. Dubai International, one of the world's b
Published 01 Sep, 2014 12:00am
Mugabe says 'friendly' China vows to help Zimbabwe economy

Mugabe says 'friendly' China vows to help Zimbabwe economy

Zimbabwean President Robert Mugabe, returning from a state visit to China, said Sunday Beijing had pledged to assist his southern African country's ailing economy "to the best of its ability". China will "continue to be as friendly to us as it was before
Published 01 Sep, 2014 12:00am
Merkel unhappy with Draghi's apparent new fiscal focus

Merkel unhappy with Draghi's apparent new fiscal focus

A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe. Der Spiegel
Published 01 Sep, 2014 12:00am
Major Tesco shareholder cuts stake by two thirds

Major Tesco shareholder cuts stake by two thirds

One of supermarket Tesco's largest shareholders, Harris Associates, has sold around two thirds of its stake, saying the retailer lacks a clear strategy, the Sunday Telegraph reported. The chief investment officer of Harris's international equity division,
Published 01 Sep, 2014 12:00am
French Prime Minister says ECB must do more to tackle overvalued euro

French Prime Minister says ECB must do more to tackle overvalued euro

French Prime Minister Manuel Valls reiterated on Sunday calls for the European Central Bank to go "further" in tackling the problem of an overvalued euro. Speaking at a Socialist party gathering in La Rochelle, Valls said the ECB's June decision to cut in
Published 01 Sep, 2014 12:00am
Egypt foreign reserves close to July level

Egypt foreign reserves close to July level

Egypt's foreign reserves in August stayed close to their July level of $16.736 billion, the country's central bank governor Hisham Ramez told Reuters on Sunday. "The foreign reserves are stable at the same level as the month of July almost," Ramez said ov
Published 01 Sep, 2014 12:00am
UAE to provide Egypt with $8.7 billion petroleum products

UAE to provide Egypt with $8.7 billion petroleum products

The United Arab Emirates will provide Egypt with petroleum products worth $8.7 billion over a year starting in September, an Egyptian official told Reuters on Sunday. Egypt has struggled to curb its swelling budget deficit and meet its soaring energy dema
Published 01 Sep, 2014 12:00am
India better prepared for eventual Fed rate hike, says RBI chief

India better prepared for eventual Fed rate hike, says RBI chief

India is better prepared to handle the impact of interest rate increases in the United States as foreign funds are less likely to desert the country due to signs of an upturn in economic growth, its central bank chief said in an interview published on Sun
Published 01 Sep, 2014 12:00am
Dubai retailer Marka appoints CEO

Dubai retailer Marka appoints CEO

Dubai's Marka has appointed Nick Peel as chief executive, the retailing and restaurants company said in a statement on Sunday. Peel joins the start-up firm having previously worked as an executive at British retailer McArthurGlen as well as soccer clubs A
Published 01 Sep, 2014 12:00am
Austrian conservatives pick Schelling as finance minister

Austrian conservatives pick Schelling as finance minister

Austria's conservative People's Party (OVP) on Sunday chose as finance minister Hans Joerg Schelling, a politically connected millionaire lauded by supporters for whipping the social security network into shape. The OVP, the junior partner in a government
Published 01 Sep, 2014 12:00am
HKEx reports smooth start for Shanghai-Hong Kong trading tests

HKEx reports smooth start for Shanghai-Hong Kong trading tests

Hong Kong Exchanges and Clearing (HKEx), which operates the city's stock exchange, said a two-day test of trading systems linking the local market and brokerages with Shanghai's stock exchange went "smoothly," paving the way for further tests in coming we
Published 01 Sep, 2014 12:00am
Scientists find gut bacteria that prevents food allergies

Scientists find gut bacteria that prevents food allergies

Mice that were raised in a sterile environment or given antibiotics early in life lacked a common gut bacteria that appears to prevent food allergies, US researchers said on August 25. The bacterium, called Clostridia, appears to minimise the likelihood t
Published 01 Sep, 2014 12:00am
Water-starved South Asia fills buckets with rice, not ice

Water-starved South Asia fills buckets with rice, not ice

Water-starved South Asian nations have devised their own answer to the Ice Bucket Challenge taking the social media world by storm, instead filling buckets with rice and other supplies for the needy. Since June, thousands of people world-wide have doused
Published 01 Sep, 2014 12:00am
'Ebola outbreak could strike 20,000 people'

'Ebola outbreak could strike 20,000 people'

The current Ebola outbreak in West Africa could infect more than 20,000 people, the World Health Organisation (WHO) said on August 28 in a bleak assessment of the deadly disease. The United Nations health agency issued a strategic plan to combat the oubre
Published 01 Sep, 2014 12:00am
Treatment possibility for autism: study

Treatment possibility for autism: study

People with autism have too many synapses - the connectors by which brain cells send and receive signals - according to a new study that may point to a treatment for the complex disorder. The extra synapses in autistic brains are the result not of overpro
Published 01 Sep, 2014 12:00am
Mild cases of MERS among patients' families found

Mild cases of MERS among patients' families found

Fewer than half of Saudi Arabian patients in a study passed the Middle East Respiratory Syndrome virus to household members, and many of those who developed secondary infections contracted mild cases of MERS, global researchers reported on August 28.
Published 01 Sep, 2014 12:00am
Underground lab glimpses 'soul' of the Sun

Underground lab glimpses 'soul' of the Sun

A lab sited under 1.4 kilometres (4,500 feet) of rock has detected particles from the Sun that help to measure activity at the very heart of our star, scientists said on August 27. Deep beneath Italy's Apennine Mountains, the laboratory recorded low-energ
Published 01 Sep, 2014 12:00am
Cooking, highway pollution linked to high blood pressure

Cooking, highway pollution linked to high blood pressure

Women in China who are exposed to pollution from cook stoves and highways face a greater risk of high blood pressure, said a study on August 25. The study focused on the role of black carbon, which after carbon dioxide is the second leading human-caused e
Published 01 Sep, 2014 12:00am
Climate change poses growing health threat: UN

Climate change poses growing health threat: UN

Climate change poses a growing health threat, the UN warned on August 27, saying extreme weather and rising temperatures could claim hundreds of thousands of lives and spread disease. "Climate change is no longer only an environmental issue," said Diarmid
Published 01 Sep, 2014 12:00am
Sinopec SVP becomes head of Sinochem Group

Sinopec SVP becomes head of Sinochem Group

A former senior vice president at top Asian oil refinery Sinopec Corp has officially taken office as the new head of state-run Sinochem Group, officials at the two companies said on August 26. Cai Xiyou, Sinopec's vice president in charge of oil trading a
Published 01 Sep, 2014 12:00am
Shell finds more gas offshore Malaysia

Shell finds more gas offshore Malaysia

Oil major Shell said on August 26 it had found more gas at a block offshore Malaysia where it drilled a successful well earlier this year. The energy firm made the gas discovery in 800 metre-deep water at its Marjoram-1 well, 180 km off the Malaysian coas
Published 01 Sep, 2014 12:00am
Gap to launch 40 stores in India

Gap to launch 40 stores in India

US casual-wear retail giant Gap Inc says it will open 40 stores in India, calling the expansion "an important next step" in its global growth strategy. The San Francisco-based company, known for its relaxed-style denim and other attire, is the latest fore
Published 01 Sep, 2014 12:00am
Dubai DP World first half profit up as volumes, margins rise

Dubai DP World first half profit up as volumes, margins rise

DP World, one of the world's largest port operators, reported a 26 percent rise in net profit for the first half of the year on August 28 as its container volumes and margins increased. The company, one of the more profitable assets of debt-laden Dubai Wo
Published 01 Sep, 2014 12:00am
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