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Print - 2014-12-15
PTI seeks to step up pressure on government

PTI seeks to step up pressure on government

Pakistan Tehreek-e-Insaf (PTI) is all set to block 18 points in Lahore today as part of its "Plan C" to step up pressure on the government. After holding a largely successful show in Karachi, the PTI has asked its activists to stop traffic at Liberty, Mot
Published 15 Dec, 2014 12:00am
Lahore 'shutdown' today: Talks restart can boost or dampen enthusiasm

Lahore 'shutdown' today: Talks restart can boost or dampen enthusiasm

The government and Pakistan Tehrik-e-Insaf (PTI) restarted their stalled dialogue process yesterday after a hiatus of two months with both sides announcing that they will hold the second round of talks on Tuesday-a day after PTI's lockdown of Lahore. Spea
Published 15 Dec, 2014 12:00am
Lahore 'shutdown' today: Talks restart can boost or dampen enthusiasm

Lahore 'shutdown' today: Talks restart can boost or dampen enthusiasm

The government and Pakistan Tehrik-e-Insaf (PTI) restarted their stalled dialogue process yesterday after a hiatus of two months with both sides announcing that they will hold the second round of talks on Tuesday-a day after PTI's lockdown of Lahore. Spea
Published 15 Dec, 2014 12:00am
Power sector receivables soar to Rs 581.32 billion

Power sector receivables soar to Rs 581.32 billion

Power sector receivables have touched a whopping high of Rs 581.320 billion, of which private sector is a major defaulter after Sindh and AJK governments. Official documents available with Business Recorder reveal that the amount of power sector re
Published 15 Dec, 2014 12:00am
Power sector receivables soar to Rs 581.32 billion

Power sector receivables soar to Rs 581.32 billion

Power sector receivables have touched a whopping high of Rs 581.320 billion, of which private sector is a major defaulter after Sindh and AJK governments. Official documents available with Business Recorder reveal that the amount of power sector re
Published 15 Dec, 2014 12:00am
Power sector receivables soar to Rs 581.32 billion

Power sector receivables soar to Rs 581.32 billion

Power sector receivables have touched a whopping high of Rs 581.320 billion, of which private sector is a major defaulter after Sindh and AJK governments. Official documents available with Business Recorder reveal that the amount of power sector re
Published 15 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Sunday (December 14, 2014) and the forecast for Monday (December 15, 2014).

Published 15 Dec, 2014 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 08 to 12, 2014).

Published 15 Dec, 2014 12:00am
External debt servicing posts 16 percent rise in FY14

External debt servicing posts 16 percent rise in FY14

The country's external debt servicing continued to surge and posted a 16 percent increase in FY14 mainly due to heavy repayments to International Monetary Fund (IMF). According to State Bank of Pakistan (SBP), the country spent some $6.82 billion on exter
Published 15 Dec, 2014 12:00am
'Higher education to be brought to remote areas'

'Higher education to be brought to remote areas'

Dr Mukhtar Ahmed is serving as the Chairman of the Higher Education Commission, which oversees higher education institutions (HEIs) in Pakistan. Dr Mukhtar has over 25 years of experience in the education sector. He has previously served as the Executive
Published 15 Dec, 2014 12:00am
'Higher education to be brought to remote areas'

'Higher education to be brought to remote areas'

Dr Mukhtar Ahmed is serving as the Chairman of the Higher Education Commission, which oversees higher education institutions (HEIs) in Pakistan. Dr Mukhtar has over 25 years of experience in the education sector. He has previously served as the Executive
Published 15 Dec, 2014 12:00am
Newspaper's contribution

Newspaper's contribution

I felt relieved and happy with newspaper's editorial of 8th December 2014, captioned: "Exchange companies and their franchises".
Published 15 Dec, 2014 12:00am
Big perfume makers smell threat from niche scents

Big perfume makers smell threat from niche scents

The first thing one sees on entering Guerlain's perfume shop in Paris' Champs Elysees is the French brand's exclusive collection - Les Parisiennes - which costs 200 euros ($250) a bottle and is sold only in a few dozen shops around the world.
Published 15 Dec, 2014 12:00am
EU investment plan may be a day late and a euro short

EU investment plan may be a day late and a euro short

The European Union's vaunted investment plan, due to be formally blessed by the bloc's 28 leaders at a summit this week, may be a day late and several euros short to revitalise a stagnant economy. Because of Europe's mountain of public debt, the initiativ
Published 15 Dec, 2014 12:00am
Borrowing in foreign currency: Why doesn't it pay off?

Borrowing in foreign currency: Why doesn't it pay off?

Federal Finance Minister Ishaq Dar has publicly stated time and again that he has been extremely savvy in borrowing at a cheaper rate of interest from external sources at an interest rate of no more than 5 percent and retired domestic debt that was procur
Published 15 Dec, 2014 12:00am
CIA's torture tactics

CIA's torture tactics

Recently released summary of a 6000-page long report compiled by the Democratic Party members of the US Senate Intelligence Committee says CIA carried out brutal interrogations of Al Qaeda suspects under its Rendition, Detention and Interrogation programm
Published 15 Dec, 2014 12:00am
Why POL price cut has no wider impact?

Why POL price cut has no wider impact?

Federal Finance Minister Ishaq Dar has asked the Competition Commission of Pakistan (CCP) to examine why a highly significant reduction in prices of petroleum products has caused no concomitant decrease in prices of various other commodities and transport
Published 15 Dec, 2014 12:00am
Attackers torch rights group's office in Chechen capital

Attackers torch rights group's office in Chechen capital

Members at one of the last human rights groups active in Chechnya said Sunday that their office has been torched after they criticised the Kremlin-installed Chechen leader for calling for collective punishment against families of Islamist insurgents.
Published 15 Dec, 2014 12:00am
New Bond script stolen in Sony hack

New Bond script stolen in Sony hack

An "early version" of the screenplay for the new James Bond film was the latest victim of a massive hacking attack on Sony Pictures Entertainment, its producers said in a statement on their website Sunday. The news came less than two weeks after details o
Published 15 Dec, 2014 12:00am
New Bond script stolen in Sony hack

New Bond script stolen in Sony hack

An "early version" of the screenplay for the new James Bond film was the latest victim of a massive hacking attack on Sony Pictures Entertainment, its producers said in a statement on their website Sunday. The news came less than two weeks after details o
Published 15 Dec, 2014 12:00am
German police see rise in far-right extremism

German police see rise in far-right extremism

German police have noted a significant rise in far-right extremism and attacks targeting foreigners, a news report said Sunday, amid national debate about a new Islamophobic movement. The trend is seen as a backlash against a sharp increase in refugees ar
Published 15 Dec, 2014 12:00am
French voters like Merkel, back German reform example

French voters like Merkel, back German reform example

A majority of French voters view Germany's Angela Merkel positively and want their government to emulate her reforms, according to a poll published on Sunday, revealing a sharp contrast to President Francois Hollande's own dismal ratings. Some 72 percent
Published 15 Dec, 2014 12:00am
Haiti's prime minister resigns amid protests

Haiti's prime minister resigns amid protests

Haiti's prime minister, Laurent Lamothe, succumbed to domestic and international pressure on Sunday and announced he would resign in a televised address in the middle of the night. "I am leaving the post of prime minister this evening with a feeling of ac
Published 15 Dec, 2014 12:00am
Britain to treat wounded Ukrainian soldiers in English hospital

Britain to treat wounded Ukrainian soldiers in English hospital

Britain said on Sunday it would provide medical treatment to a group of Ukrainian servicemen who had been seriously wounded fighting pro-Russian militants in eastern Ukraine, the latest example of its support for the struggling government in Kiev. Britain
Published 15 Dec, 2014 12:00am
Colossal statue of Amenhotep III unveiled in Egypt

Colossal statue of Amenhotep III unveiled in Egypt

Archaeologists on Sunday unveiled a restored colossal statue of Amenhotep III that was toppled in an earthquake more than 3,000 years ago at Egypt's famed temple city of Luxor. The statue showing him in a striding attitude was re-erected at the northern g
Published 15 Dec, 2014 12:00am
Boko Haram 'will be defeated': leading Nigerian emir

Boko Haram 'will be defeated': leading Nigerian emir

One of Nigeria's most powerful Muslim leaders, the emir of Kano, has expressed optimism that the Boko Haram insurgency which has claimed some 13,000 lives will soon be over. "I say help is on the way. Terror must and will be defeated," Muhammad Sanusi II
Published 15 Dec, 2014 12:00am
Miss South Africa crowned Miss World

Miss South Africa crowned Miss World

Miss South Africa, 22-year-old Rolene Strauss, was crowned Miss World 2014 at the pageant's final in London on Sunday, with an estimated billion viewers watching on television around the globe. Miss Hungary, Edina Kulcsar, was the runner-up and Miss Unite
Published 15 Dec, 2014 12:00am
Female Saudi fan red-carded for entering men-only stadium

Female Saudi fan red-carded for entering men-only stadium

A female fan who disguised herself to infiltrate the male-only domain of a football stadium in Saudi Arabia has been red-carded, a police statement obtained on Sunday says. Men and women are strictly segregated in the kingdom, and football stadiums are ou
Published 15 Dec, 2014 12:00am
UK coalition partner accuses Cameron of 'devastating' spending cuts

UK coalition partner accuses Cameron of 'devastating' spending cuts

The junior partner in Britain's two-party coalition government, the Liberal Democrats, on Sunday accused Prime Minister David Cameron of planning "devastating" spending cuts, their latest attempt to differentiate themselves before next year's election.
Published 15 Dec, 2014 12:00am
Shahbaz condoles death of Mushtaq Minhas' mother

Shahbaz condoles death of Mushtaq Minhas' mother

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of mother of Mushtaq Minhas, a senior journalist. In a condolence message, the Chief Minister prayed that may Allah Almighty rest the departed soul in eternal
Published 15 Dec, 2014 12:00am
Prices of fresh vegetables decline

Prices of fresh vegetables decline

Prices of vegetable and other essential items plummet, except rates of tomato, chicken, pulses still remain on high side in retail market, due to considerable reduction in rates of petroleum products during last two week, according to survey conducted by
Published 15 Dec, 2014 12:00am
Reconciliation need of the hour: Mushahid

Reconciliation need of the hour: Mushahid

Chairman of the Senate Defence Committee, Senator Mushahid Hussain, has said that national reconciliation is the need of the hour and Pakistan's problems can only be solved collectively, not by any single individual, party, government or institution alone
Published 15 Dec, 2014 12:00am
PFMA concerned over heavy duties imposed by Afghanistan

PFMA concerned over heavy duties imposed by Afghanistan

The Executive Committee of KP chapter of Pakistan Flour Mills Association has expressed concern over imposition of heavy duties by the Afghan Customs on flour being exported from Pakistan. In a press statement issued here on Sunday, the Flour Mills Associ
Published 15 Dec, 2014 12:00am
National Tax Reforms Commission meeting begins today

National Tax Reforms Commission meeting begins today

The two-day meeting of the National Tax Reforms Commission would start from December 15 (Monday) at the Federal Board of Revenue (FBR) to discuss policy matters of income tax, sales tax, customs duty, anti-smuggling strategy and reforms in the tax adminis
Published 15 Dec, 2014 12:00am
WBDC's Winter Exhibition concludes

WBDC's Winter Exhibition concludes

Three-day Winter Exhibition organized under the auspices of Women Business Development Centre (WBDC) Peshawar concluded. The exhibition was inaugurated by an innovative woman entrepreneur Miss Nelofar Sami, the chief executive of Honey Academy remained op
Published 15 Dec, 2014 12:00am
BoD PEDO interviews candidates for CEO post

BoD PEDO interviews candidates for CEO post

A meeting of the Board of Director (BoD) of Pakhtunkhwa Energy Development Organisation (PEDO) interviewed the short-listed candidates individually for the appointment of newly Chief Executive Officer (CEO) for the organisation.
Published 15 Dec, 2014 12:00am
Cyclone, hurricane, typhoon: same phenomenon

Cyclone, hurricane, typhoon: same phenomenon

They may have different names according to the region they hit, but typhoons, hurricanes and cyclones are all violent tropical storms that can generate 10 times as much energy as the Hiroshima atomic bomb. Typhoon is the Asian term for a low-pressure syst
Published 15 Dec, 2014 12:00am
Projected global warming threat cut slightly

Projected global warming threat cut slightly

Projected global warming this century has slowed but is still at a severe rate after promises by China, the United States and the European Union to limit greenhouse gas emissions, a scientific study showed on December 08. The Climate Action Tracker, produ
Published 15 Dec, 2014 12:00am
Sharp fall in malaria deaths world-wide in 2000-2013: WHO

Sharp fall in malaria deaths world-wide in 2000-2013: WHO

Malaria deaths have dropped dramatically since 2000 and cases are falling steadily thanks to more people being diagnosed and treated and more getting bed nets, the World Health Organisation (WHO) said on December 09. Yet progress against the mosquito-born
Published 15 Dec, 2014 12:00am
Protecting mangroves can lower disaster risks: experts

Protecting mangroves can lower disaster risks: experts

Better protecting the world's fast-disappearing mangroves could have big economic, social and environmental benefits, experts said at the UN climate talks in Lima last week. Besides protecting shorelines from extreme weather and providing fish a safe plac
Published 15 Dec, 2014 12:00am
Scientists find brain mechanism behind glucose greed

Scientists find brain mechanism behind glucose greed

British scientists have found a brain mechanism they think may drive our desire for glucose-rich food and say the discovery could one day lead to better treatments for obesity.
Published 15 Dec, 2014 12:00am
Bird flu outbreak spreads in Canada

Bird flu outbreak spreads in Canada

Canada expanded its quarantine of poultry farms in westernmost British Columbia province on December 11 after learning that an outbreak of avian influenza has spread. Both farms are close to one of the original two that were first to be quarantined on Dec
Published 15 Dec, 2014 12:00am
269,000 tons of plastic litter choke world's oceans

269,000 tons of plastic litter choke world's oceans

There are plastic shopping bags, bottles, toys, action figures, bottle caps, pacifiers, tooth brushes, boots, buckets, deodorant roller balls, umbrella handles, fishing gear, toilet seats and so much more. Plastic pollution is pervasive in Earth's oceans.
Published 15 Dec, 2014 12:00am
Puzzlephone adds competition to modular smartphone market

Puzzlephone adds competition to modular smartphone market

Most smartphones are brought off the shelf - customers have near infinite control of the apps on them, but no say about the actual hardware. Some manufacturers are trying to change that with modular smartphones, which would allow buyers to just take the p
Published 15 Dec, 2014 12:00am
Tripling Internet access would do more good than tackling HIV: study

Tripling Internet access would do more good than tackling HIV: study

Dramatically expanding broadband access would boost the global economy and could do more good than investing in HIV prevention or clean drinking water, according to a study published Thursday. Economists commissioned by think-tank Copenhagen Consensus Cen
Published 15 Dec, 2014 12:00am
Microsoft lets US shoppers pay with Bitcoin

Microsoft lets US shoppers pay with Bitcoin

Microsoft began Thursday letting US shoppers at its online Windows Store pay with digital currency Bitcoin. Bitcoin, traded in at market value through a partnership with payment processor BitPay, could be used to add money to Microsoft accounts that provi
Published 15 Dec, 2014 12:00am
Internet overload? No, survey says

Internet overload? No, survey says

Most people are happy with the Internet as a source of on-demand information, with only a small percentage hit by "information overload," a survey of US users showed Monday. Some 72 percent of those surveyed said they liked having the Internet's resources
Published 15 Dec, 2014 12:00am
Amazon allows some buyers to 'make an offer'

Amazon allows some buyers to 'make an offer'

Amazon said Tuesday it would allow online haggling between buyers and sellers for some items sold by third parties using the US online retail giant. The "make an offer" system to be implemented initially for some 150,000 items could allow Amazon to compet
Published 15 Dec, 2014 12:00am
With WebRTC, the Skype's no longer the limit

With WebRTC, the Skype's no longer the limit

WebRTC, a free browser-based technology, looks set to change the way we communicate and collaborate, up-ending telecoms firms, online chat services like Skype and WhatsApp and remote conferencing on WebEx. Web Real-Time Communication is a proposed Interne
Published 15 Dec, 2014 12:00am
Intel unveils platform to simplify connectivity of products

Intel unveils platform to simplify connectivity of products

Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software. Intel's platform is like a set of building blocks based on the chipmaker's components and sof
Published 15 Dec, 2014 12:00am
Google to pull plug on Google News in Spain

Google to pull plug on Google News in Spain

Google will end its Google News service in Spain this month, citing new legislation that would force the internet giant to pay for content from Spanish publications. Google announced late Wednesday it would also remove Spanish publishers from the news ser
Published 15 Dec, 2014 12:00am
Facebook boosts search on mobile, desktop

Facebook boosts search on mobile, desktop

Facebook said Monday it is rolling out upgraded search capabilities for mobile and desktop users who want to find favourite posts from their friends on the huge social network. Facebook said in August it was testing the search upgrade and that it would be
Published 15 Dec, 2014 12:00am
Site gives closer look at cables supporting global communication

Site gives closer look at cables supporting global communication

There's an entire network of cables criss-crossing the world, sending floods of telephone and internet information generated every minute on its way, whether to Europe, Africa, Asia, Australia or the Americas. Anyone wanting a closer look is generally out
Published 15 Dec, 2014 12:00am
Encrypted messenger Threema now available for Windows Phone

Encrypted messenger Threema now available for Windows Phone

Threema, a messenger programme that allows complete encryption for transmitting text messages, photos, videos, voice messages and group chats is now available for Windows Phone 8. Already available on Android and iOS for a while, it allows near complete a
Published 15 Dec, 2014 12:00am
Dubai developer revives port city project with $183 million tower

Dubai developer revives port city project with $183 million tower

Omniyat Group began work on a 48-storey tower in Dubai Maritime City on December 09, the first residential building under construction at the long-delayed project as developers bet the emirate's renewed property boom is sustainable. Dubai rents had risen
Published 15 Dec, 2014 12:00am
Tourism giant TUI back in black, eyes post-merger boost

Tourism giant TUI back in black, eyes post-merger boost

German tourism and travel giant TUI said on December 10 that sales and underlying profits were on course to grow this year and likely be boosted by an imminent merger with its British subsidiary. The group, which runs its financial year from October to Se
Published 15 Dec, 2014 12:00am
ConocoPhillips slashes exploration spending

ConocoPhillips slashes exploration spending

ConocoPhillips announced a sharp cutback in spending on exploration and spending on December 08 as global oil prices continued to push downward. The US oil company set capital spending in 2015 at $13.5 billion, about 20 percent below 2014. Development dri
Published 15 Dec, 2014 12:00am
Bank of Sharjah plans to refinance $200 million loan

Bank of Sharjah plans to refinance $200 million loan

Bank of Sharjah plans to refinance a $200 million two-year loan maturing next year, said the lender's executive director, as the United Arab Emirates bank hopes to benefit from lower borrowing costs.
Published 15 Dec, 2014 12:00am
Taiwan bourse to start cross trading with Singapore

Taiwan bourse to start cross trading with Singapore

The Taiwan Stock Exchange will begin cross-trading with the Singapore and the Tokyo stock exchanges next year, the bourse's president said on December 10, in a bid to bolster its position after the launch of the Shanghai-Hong Kong trading link.
Published 15 Dec, 2014 12:00am
More firms see stronger $ boosting profits: survey

More firms see stronger $ boosting profits: survey

More top global financial executives expect a stronger dollar to help their bottom line than see harmful effects from the currency's rise, a private survey released on December 09 showed. Twenty-four percent of corporate treasurers and chief financial off
Published 15 Dec, 2014 12:00am
Russia's Alrosa to sell more diamonds direct to India

Russia's Alrosa to sell more diamonds direct to India

Russia's state-controlled diamond monopoly Alrosa will sign a dozen deals with Indian buyers on December 11 to increase direct deliveries to Asia's third-largest economy, as financial capital Mumbai aspires to expand as a trading hub. Alrosa supplies Indi
Published 15 Dec, 2014 12:00am
BP to invest $12 billion in Egypt over five years

BP to invest $12 billion in Egypt over five years

British oil major BP plans to invest more than $12 billion in Egypt over the next five years, and to double its gas supplies to the local market in the next decade, the country manager of BP Egypt said on December 09. "BP is committed to unlock Egypt's oi
Published 15 Dec, 2014 12:00am
Winter sales brisk after warm autumn: Inditex

Winter sales brisk after warm autumn: Inditex

Zara owner Inditex said sales for the start of its fourth quarter rose 14 percent as the retailer shrugged off a warm start to autumn which has hurt other European retailers. Sales in local currencies from November 1 to December 8 included the start to th
Published 15 Dec, 2014 12:00am
Winter sales brisk after warm autumn: Inditex

Winter sales brisk after warm autumn: Inditex

Zara owner Inditex said sales for the start of its fourth quarter rose 14 percent as the retailer shrugged off a warm start to autumn which has hurt other European retailers. Sales in local currencies from November 1 to December 8 included the start to th
Published 15 Dec, 2014 12:00am
Telenor CEO resigns from VimpelCom's board

Telenor CEO resigns from VimpelCom's board

Telenor said on December 08 its chief executive Jon Fredrik Baksaas had stepped down from the supervisory board of US-listed VimpelCom. Amsterdam-based Vimpelcom, Uzbekistan's biggest mobile operator by subscribers, said in March it was being investigated
Published 15 Dec, 2014 12:00am
Troubled Tesco warns on profit again

Troubled Tesco warns on profit again

British grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. Shares in the world's third-biggest retailer plunged as much as 17 percent to a 1
Published 15 Dec, 2014 12:00am
Troubled Tesco warns on profit again

Troubled Tesco warns on profit again

British grocer Tesco has cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide in market share. Shares in the world's third-biggest retailer plunged as much as 17 percent to a 1
Published 15 Dec, 2014 12:00am
Ski jumping: Freund wins to halt Fannemel's Russian double bid

Ski jumping: Freund wins to halt Fannemel's Russian double bid

Germany's Severin Freund prevented Norway's Anders Fannemal from winning back-to-back World Cup ski jump rounds in the Russian Urals on Sunday in a weather-hit event. Freund, 26, claimed his first win of the season and 10th of his career on the Nizhny Tag
Published 15 Dec, 2014 12:00am
Hughes brother scores symbolic 63 in Sydney club game

Hughes brother scores symbolic 63 in Sydney club game

The older brother of Phillip Hughes returned to Sydney club cricket for the first time this weekend since the Australia batsman's death, scoring an appropriate 63. Jason Hughes reached the total for Mosman against Sydney, the same number of runs his broth
Published 15 Dec, 2014 12:00am
Lehmann doubts injured Clarke is finished

Lehmann doubts injured Clarke is finished

Team coach Darren Lehmann said Sunday he doubts injured skipper Michael Clarke has played his last game for Australia. But Clarke's immediate playing future is up in the air as he attempts to take his place in the World Cup, which starts in Australia and
Published 15 Dec, 2014 12:00am
Westwood wins Thailand golf title

Westwood wins Thailand golf title

England's Lee Westwood won the Asian Tour's $1 million Thailand Golf Championship by one shot on Sunday after US Open champion Martin Kaymer and third-round leader Marcus Fraser both faltered at the finish. Westwood bogeyed his opening two holes but then
Published 15 Dec, 2014 12:00am
Hirscher wins World Cup slalom

Hirscher wins World Cup slalom

World number one Marcel Hirscher of Austria won the men's alpine skiing World Cup slalom at Are on Sunday, edging Felix Neureuther of Germany in a gripping second-leg finish. The win completed a fine double for the Austrian as he came first in the giant s
Published 15 Dec, 2014 12:00am
Evergreen Toni delighted to hit 300-goal mark

Evergreen Toni delighted to hit 300-goal mark

Evergreen striker Luca Toni admitted his delight after hitting his 300th career goal in a 2-1 win over Udinese that helped the former World Cup winner shade Antonio Di Natale in a 'battle of the veterans' on Sunday. Toni scored his fifth goal of the campa
Published 15 Dec, 2014 12:00am
De Gea stars as United deepen Liverpool gloom

De Gea stars as United deepen Liverpool gloom

Wayne Rooney, Juan Mata and Robin van Persie scored as Manchester United rubbed salt into Liverpool's wounds with a crushing 3-0 home victory in the Premier League on Sunday. Rooney and Mata both found the net before half-time, the latter apparently from
Published 15 Dec, 2014 12:00am
Amir Khan outclasses Alexander

Amir Khan outclasses Alexander

British boxer Amir Khan defeated Devon Alexander by a unanimous decision in a welterweight fight Saturday, using his superior hand speed and strength to dominate the American southpaw for 12 rounds. The 28-year-old Khan consistently beat Alexander to the
Published 15 Dec, 2014 12:00am
Sangakkara fined for dissent

Sangakkara fined for dissent

Sri Lanka's star batsman Kumar Sangakkara was Sunday fined 15 percent of his match fee for showing dissent at the umpire's decision in the sixth one-day international against England in Kandy. The prolific left-hander was found to have breached the Intern
Published 15 Dec, 2014 12:00am
Ahmed Shehzad, Afridi star as Pakistan crush New Zealand

Ahmed Shehzad, Afridi star as Pakistan crush New Zealand

Opener Ahmed Shehzad hit a swashbuckling hundred and Shahid Afridi made a fiery 55 and took three wickets to lead Pakistan to a crushing 147-run win over New Zealand in the third one-dayer in Sharjah on Sunday.
Published 15 Dec, 2014 12:00am
Commercial aviation's tragic centenary year highlights new threats

Commercial aviation's tragic centenary year highlights new threats

Airlines need co-operation from governments to address security threats raised by aviation disasters this year, but would like to see a quicker relaxation of economic controls, Tony Tyler, head of the International Air Transport Association, said.
Published 15 Dec, 2014 12:00am
Australia needs budget steps to absorb shock to exports

Australia needs budget steps to absorb shock to exports

Australia will take budget measures to cushion an economy facing its worst decline in terms of trade in more than half a century, Treasurer Joe Hockey said on Sunday, with the government poised to unveil large cuts to services and spending.
Published 15 Dec, 2014 12:00am
Agile says chairman will resume job on Monday

Agile says chairman will resume job on Monday

Chinese developer Agile Property Holdings Ltd said on Sunday its Chairman Chen Zhou Lin would resume work on December 15, some two months after being detained by authorities in Kunming City and placed under house arrest.
Published 15 Dec, 2014 12:00am
China's economic growth may slow to 7.1 percent in 2015

China's economic growth may slow to 7.1 percent in 2015

China's economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report seen by Reuters on Sunday. Stronger global demand could boost exports, but n
Published 15 Dec, 2014 12:00am
China says Kazakhstan currency deal worth $1.1 billion

China says Kazakhstan currency deal worth $1.1 billion

People's Bank of China said on Sunday a currency swap between China and Kazakhstan, signed as part of a series trade deals between the two countries, was worth 7 billion yuan ($1.1 billion). China was expected to sign 30 co-operative agreements worth $10
Published 15 Dec, 2014 12:00am
Kenya cuts maximum retail prices of fuel

Kenya cuts maximum retail prices of fuel

Kenya's Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying the cost of importing refined products had fallen. Since 2010, every month the east African nation has set a cap on prices of petrol, diesel and kero
Published 15 Dec, 2014 12:00am
Qatar predicts booming economy

Qatar predicts booming economy

Qatar predicted its economy would grow 7.7 percent next year, signalling the world's top exporter of liquefied natural gas expects very little disruption to its finances from the oil price plunge which is worrying many energy exporters. The forecast by th
Published 15 Dec, 2014 12:00am
German budget will remain in surplus through 2018

German budget will remain in surplus through 2018

Germany will continue to present overall budget surpluses of about 15 billion euros a year until 2018, according to a finance ministry report to be presented to federal and state budget officials on Monday, Der Spiegel magazine reported. The euro zone's b
Published 15 Dec, 2014 12:00am
Commerzbank says to raise prices for corporate clients

Commerzbank says to raise prices for corporate clients

Germany's second biggest lender Commerzbank plans to raise the price of its banking services for corporate customers due to persistent low interest rates, board member Markus Beumer told a newspaper. "We will have to make some things more expensive," Beum
Published 15 Dec, 2014 12:00am
Spain not sliding into deflation: economy minister

Spain not sliding into deflation: economy minister

Spain is not at risk of sliding into deflation, its economy minister said Sunday, adding that five straight months of falling consumer prices have helped the country's economic recovery. A key feature of deflation is that households and businesses delay s
Published 15 Dec, 2014 12:00am
Venezuela's Maduro says 'no rush' to hike world's cheapest gasoline

Venezuela's Maduro says 'no rush' to hike world's cheapest gasoline

Venezuela's Nicolas Maduro said there was "no rush" to hike the world's cheapest gasoline prices, suggesting the increasingly unpopular president has shied away from implementing the risky domestic reform in the near future amid an economic crisis. "I've
Published 15 Dec, 2014 12:00am
Poland's first high-speed train zooms into action

Poland's first high-speed train zooms into action

Poland launched its first high-speed train service Sunday, with a tilting train built by France's Alstom knocking half an hour off the travel time between Krakow and Warsaw. The Intercity Premium train, built at Savigliano, Italy, pulled into Warsaw stati
Published 15 Dec, 2014 12:00am
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