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Print - 2015-11-25
Australia economy may have slower speed limit: Treasury

Australia economy may have slower speed limit: Treasury

Australia's Treasury has cut its estimate of the economy's potential growth rate to reflect a slower expansion in population and hours worked, a shift that implies problems for the government's fiscal health. In particular, it could make it even harder fo
Published 25 Nov, 2015 12:00am
US asset manager Fortress eyes higher exposure to Japan hotels

US asset manager Fortress eyes higher exposure to Japan hotels

US alternate asset manager Fortress Investment Group, which has pumped in about $180 million from a new fund into Japan hotel assets, is considering further investments in the sector due to its long-term growth potential, despite a run-up in prices. Fortr
Published 25 Nov, 2015 12:00am
US asset manager Fortress eyes higher exposure to Japan hotels

US asset manager Fortress eyes higher exposure to Japan hotels

US alternate asset manager Fortress Investment Group, which has pumped in about $180 million from a new fund into Japan hotel assets, is considering further investments in the sector due to its long-term growth potential, despite a run-up in prices. Fortr
Published 25 Nov, 2015 12:00am
New York's poorest area has 44 percent living in poverty

New York's poorest area has 44 percent living in poverty

Away from the glittering lights of New York's entertainment and banking hub, nearly half the residents in the city's poorest neighborhood live in poverty, according to data released Friday. New York has been unveiling statistics across the city's five bor
Published 25 Nov, 2015 12:00am
Alibaba boss in bid for Hong Kong newspaper

Alibaba boss in bid for Hong Kong newspaper

The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post newspaper, Bloomberg News reported Monday. Discussions are at an advanced stage, it quoted two unidentified people familiar
Published 25 Nov, 2015 12:00am
S&P raises The Netherland's back to top AAA credit rating

S&P raises The Netherland's back to top AAA credit rating

Standard and Poor's raised The Netherlands back to its top AAA credit rating on Friday, saying the eurozone nation's economic recovery has gained traction. "The upgrade reflects our view of the strengthening of the economic recovery in The Netherlands, wi
Published 25 Nov, 2015 12:00am
S&P raises The Netherland's back to top AAA credit rating

S&P raises The Netherland's back to top AAA credit rating

Standard and Poor's raised The Netherlands back to its top AAA credit rating on Friday, saying the eurozone nation's economic recovery has gained traction. "The upgrade reflects our view of the strengthening of the economic recovery in The Netherlands, wi
Published 25 Nov, 2015 12:00am
Japan to raise minimum wage by 3 percent to boost consumption

Japan to raise minimum wage by 3 percent to boost consumption

Japan will raise the minimum wage by 3 percent each year from next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth. The government will also strengthen policies to get more women into the w
Published 25 Nov, 2015 12:00am
US firm wants to farm out Cyprus gas

US firm wants to farm out Cyprus gas

US-based Noble Energy has requested that a third share of its block of exploitable gas off Cyprus be given to BG International, Cypriot officials said on Monday. "The ministry of energy announces that it has received, today, a request from Noble Energy In
Published 25 Nov, 2015 12:00am
Spain deficit, minus town halls, rises slightly in Sept

Spain deficit, minus town halls, rises slightly in Sept

Spain's public deficit to the end of September, including the central government, regions and social security, but not the town halls, rose to 3.44 percent of economic output from 3.39 percent a month earlier, the Treasury Minister said on Tuesday. The Sp
Published 25 Nov, 2015 12:00am
Foreign banks buy up bulk of Indian state government debt

Foreign banks buy up bulk of Indian state government debt

Three banks snapped up almost 90 percent of bonds sold by Indian states to foreigners, and turned them into derivatives, raising the prospect of more volatility in one of Asia's best performing debt markets. Several market participants involved in the sal
Published 25 Nov, 2015 12:00am
Hungary renationalises stock exchange

Hungary renationalises stock exchange

Hungary's central bank (MNB) said Tuesday that it has bought back a majority stake in the country's stock exchange in an effort to boost weak trading volumes after years of sharp decline. The MNB bought a stake of 68.8 percent from two Austrian firms, CES
Published 25 Nov, 2015 12:00am
High German business morale defies China woes, VW scandal

High German business morale defies China woes, VW scandal

German business morale rose in November to the highest level since summer 2014, shrugging off an economic slowdown in China, the Volkswagen emissions scandal and the Islamist attacks in Paris. The unexpectedly strong business climate reading by the Ifo ec
Published 25 Nov, 2015 12:00am
Norway consumer confidence hits 23-year low

Norway consumer confidence hits 23-year low

Norway's consumer confidence fell to its lowest level in 23 years in the fourth quarter as the drop in crude oil prices continued to hit western Europe's top energy producer, financial lobby group FNO said on Tuesday. It was the first time the survey had
Published 25 Nov, 2015 12:00am
European Commission unveils scheme for EU deposit guarantees

European Commission unveils scheme for EU deposit guarantees

European Union bank deposits up to 100,000 euros, no matter which bank or country they are in, should be guaranteed by 2024 by a European fund, the European Commission proposed on Tuesday in a bid to complete the 28-nation bloc's banking union. The EU alr
Published 25 Nov, 2015 12:00am
China lifts brokerage curb in sign of market confidence

China lifts brokerage curb in sign of market confidence

In a sign of growing confidence that China's stock markets are stabilising, the country's securities regulator has lifted an order that required brokerages each day to buy more shares than they sell for any proprietary trading. But China's crackdown on fi
Published 25 Nov, 2015 12:00am
China lifts brokerage curb in sign of market confidence

China lifts brokerage curb in sign of market confidence

In a sign of growing confidence that China's stock markets are stabilising, the country's securities regulator has lifted an order that required brokerages each day to buy more shares than they sell for any proprietary trading. But China's crackdown on fi
Published 25 Nov, 2015 12:00am
Nestle vows to fight slave labour in Thailand

Nestle vows to fight slave labour in Thailand

Swiss food giant Nestle vowed Tuesday to stamp out any forced labour used in its supply chain in Thailand, after a probe confirmed workers were toiling in slave-like conditions to catch and process fish for Nestle products. "Nestle is committed to elimina
Published 25 Nov, 2015 12:00am
South Africa avoids recession

South Africa avoids recession

South Africa's economy grew by 0.7 percent in the third quarter, avoiding a recession after shrinking the previous quarter, data showed Tuesday, as the country struggles with multiple financial woes. Power shortages have affected industry, unemployment is
Published 25 Nov, 2015 12:00am
Construction workers' strike stalls Panama Canal expansion

Construction workers' strike stalls Panama Canal expansion

A nationwide strike by construction workers in Panama on Tuesday stalled already delayed work on expanding the Panama Canal, a union leader said. "The strike is successful across all the country. More than 90 percent of worksites are paralyzed, among them
Published 25 Nov, 2015 12:00am
Kuwait awards record $30 billion on projects

Kuwait awards record $30 billion on projects

Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials and experts said Tuesday. "Up until mid-October, Kuwait has awarded record projects worth $30 billion (28 billion euros), up around $6
Published 25 Nov, 2015 12:00am
Rolls-Royce sets out turnaround strategy

Rolls-Royce sets out turnaround strategy

British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details of his plans to turn around the company. After four profit warnings in just over a year, the aero-eng
Published 25 Nov, 2015 12:00am
Paris-bound flight bookings down sharply after attacks

Paris-bound flight bookings down sharply after attacks

Reservations for Paris-bound flights fell by over a quarter in the week following the attacks in the French capital compared with the same period a year earlier, travel data company said Tuesday. ForwardKeys, based in Spain, said bookings fell by 27 perce
Published 25 Nov, 2015 12:00am
Bahri boosts Saudi Arabia index, Egypt stays weak

Bahri boosts Saudi Arabia index, Egypt stays weak

Oil shipper Bahri boosted Saudi Arabia's stock market early on Tuesday while Egypt's market remained weak. The Saudi stock index added 0.9 percent as Bahri climbed 1.6 percent in unusually heavy trade. The company, which reported a 501 percent leap in thi
Published 25 Nov, 2015 12:00am
German two-year yields dip below -0.40 percent

German two-year yields dip below -0.40 percent

German two-year bond yields fell below minus 0.40 percent for the first time on Tuesday as investors sought top-rated assets after Turkish fighter jets shot down a Russian warplane near the Syrian border. The prospect of an escalation in tensions between
Published 25 Nov, 2015 12:00am
German two-year yields dip below -0.40 percent

German two-year yields dip below -0.40 percent

German two-year bond yields fell below minus 0.40 percent for the first time on Tuesday as investors sought top-rated assets after Turkish fighter jets shot down a Russian warplane near the Syrian border. The prospect of an escalation in tensions between
Published 25 Nov, 2015 12:00am
Indian shares soar

Indian shares soar

Indian stocks edged higher on Tuesday as energy companies rallied after Saudi Arabia pledged to work towards oil price stability, although broader gains were capped on caution ahead of the expiry of derivatives contracts this week. Traders said sentiment
Published 25 Nov, 2015 12:00am
Tuesday's midday trade: global security tensions weigh on indexes

Tuesday's midday trade: global security tensions weigh on indexes

US shares weakened in cautious trading on Tuesday as nervous investors sought low-risk assets after Turkish jets shot down a Russian warplane near the Syrian border. Oil prices were up more than 2 percent on the prospect of more chaos in the Middle East.
Published 25 Nov, 2015 12:00am
Wall Street falls after strong week; Pfizer and Allergan drag

Wall Street falls after strong week; Pfizer and Allergan drag

US stock indexes closed slightly lower in a quiet trading day on Wall Street after last week's strong gains, while a big healthcare deal failed to impress investors on Monday. Pfizer's announcement of what is expected to be the biggest-ever healthcare dea
Published 25 Nov, 2015 12:00am
Sri Lankan shares near one-week low

Sri Lankan shares near one-week low

Sri Lankan shares closed at their lowest in nearly one week on Tuesday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented. Foreign investment outflow also weighed on sentiment, while some
Published 25 Nov, 2015 12:00am
US bond prices rise

US bond prices rise

US Treasuries prices rose on Monday as a solid two-year note auction renewed demand for longer-dated bonds whose yield differences with shorter-dated issues contracted to their smallest levels since August. The strong bidding from investors at the $26 bil
Published 25 Nov, 2015 12:00am
US bond prices rise

US bond prices rise

US Treasuries prices rose on Monday as a solid two-year note auction renewed demand for longer-dated bonds whose yield differences with shorter-dated issues contracted to their smallest levels since August. The strong bidding from investors at the $26 bil
Published 25 Nov, 2015 12:00am
Nikkei index rebounds to fresh three-month high
Currency

Nikkei index rebounds to fresh three-month high

Tokyo's benchmark stock index cast off early losses Tuesday as bargain hunting pushed it to a fresh three-month high after a holiday long weekend. The Nikkei 225 index at the Tokyo Stock Exchange rose 0.23 percent, or 45.08 points, to finish at 19,924.89,
Published 25 Nov, 2015 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks fell on Tuesday, led by resources shares after metal prices touched multi-year lows. The Hang Seng index ended down 0.4 percent at 22,587.63 points, while the China Enterprises Index lost 0.7 percent, to 10,156.63 points. Most sectors fel
Published 25 Nov, 2015 12:00am
China stocks recoup losses

China stocks recoup losses

China stocks recouped early losses to end marginally higher on Tuesday as a late-afternoon surge in small-caps offset weakness in resource comapnies. The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended little changed at 3,753.8
Published 25 Nov, 2015 12:00am
European shares fall

European shares fall

European shares dropped to one-week lows on Tuesday as mounting geopolitical tensions following the downing of a Russian warplane near the Syrian border pushed investors out of risky assets like equities. Travel stocks were among the hardest hit following
Published 25 Nov, 2015 12:00am
Australian shares down

Australian shares down

Australian shares fell 0.95 percent on Tuesday ending a five session winning streak in broad-based selling as falling commodities prices weighed on the index and investors took profits. The S&P/ASX 200 index fell 50.02 points to 5,226.4 at the close of tr
Published 25 Nov, 2015 12:00am
Southeast Asian stocks mixed

Southeast Asian stocks mixed

Southeast Asian stock markets struggled and ended mixed on Tuesday, as a possible US interest rate hike next month weighed on investor sentiment. Singapore shares gained 0.7 percent, Malaysia added 0.4 percent, closing at its highest since November 9. The
Published 25 Nov, 2015 12:00am
FTSE falls as travel stocks continue slide

FTSE falls as travel stocks continue slide

UK shares retreated on Tuesday, with the British travel sector down again after signs that armed attacks in France and Mali were dampening customer demand. British travel and leisure stocks were hit after data from ForwardKeys showed that new flight booki
Published 25 Nov, 2015 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee fell to a record low of 143.00 per dollar on Tuesday, down for a third straight session on importer demand for the greenback amid lower dollar liquidity. Exporters were reluctant to sell the greenback on speculation that the local cur
Published 25 Nov, 2015 12:00am
Dollar hovers near 8-month peak in Asia
Currency

Dollar hovers near 8-month peak in Asia

The dollar hovered near an 8-month peak against a basket of currencies on Tuesday, underpinned by expectations the US Federal Reserve is on course to raise interest rates in December. The dollar index stood at 99.668, not too far from the 8-month high of
Published 25 Nov, 2015 12:00am
Dollar dips against basket of currencies in Europe
Currency

Dollar dips against basket of currencies in Europe

The dollar eased from a 8-month peak against a basket of currencies on Tuesday, falling against the yen and the Swiss franc as a rise in tension between Russia and Turkey spurred inflows into traditional safe haven currencies. The greenback shed 0.3 perce
Published 25 Nov, 2015 12:00am
Early trade in New York: Dollar falls; Yen, Swiss franc up

Early trade in New York: Dollar falls; Yen, Swiss franc up

The US dollar edged down on Tuesday as investors piled into safe-haven currencies on concerns about rising tension between Russia and Turkey, shrugging off positive data on the US economy. The US gross domestic product grew 2.1 percent in the third quarte
Published 25 Nov, 2015 12:00am
Fed rate hike view pushes dollar to new highs in New York
Currency

Fed rate hike view pushes dollar to new highs in New York

The dollar hit an eight-month high on Monday, pushed by unusually hawkish comments from a regional US Federal Reserve president over the weekend that helped further cement expectations of an interest rate hike in December. San Francisco Fed President John
Published 25 Nov, 2015 12:00am
Yuan stays flat
Currency

Yuan stays flat

China's yuan was almost unchanged on Tuesday, as dollar demand weakened after the US dollar index eased away from its 8-month peak on Monday. "Investors bought dollars gingerly after the dollar index softened," said a trader at a Chinese commercial bank i
Published 25 Nov, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.91-78.92 (previous 78.89-78.90). 02.75-04.50 percent. (Previous 02.50-04.50 percent).
Published 25 Nov, 2015 12:00am
Ringgit leads Asia FX gains
Currency

Ringgit leads Asia FX gains

The Malaysian ringgit led gains among emerging Asian currencies on Tuesday as a rebound in crude prices eased concerns over the country's falling oil and gas revenues, and as debt-ridden state fund 1MDB agreed to sell $2.3 billion in assets. Other regiona
Published 25 Nov, 2015 12:00am
Sterling slips to two-week low
Currency

Sterling slips to two-week low

Sterling hit a two-week low against a dollar that was trading down against most currencies on Tuesday, after the head of the Bank of England said UK interest rates were likely to stay low for "some time". Speaking alongside other BoE monetary policy commi
Published 25 Nov, 2015 12:00am
Aussie, kiwi pinned down by weak commodities

Aussie, kiwi pinned down by weak commodities

The Australian and New Zealand dollars shuffled sideways on Tuesday as falling commodity prices, broad US dollar strength and major resistance levels disrupted their recent rally. The Australian dollar inched up to $0.7204, from $0.7187 in early trade. It
Published 25 Nov, 2015 12:00am
FIFA seeks Platini life ban: lawyer

FIFA seeks Platini life ban: lawyer

FIFA's ethics watchdog wants Michel Platini banned for life over a suspect payment, the European football chief's lawyer told AFP on Tuesday. Platini, a FIFA vice president, is already serving a 90-day suspension while an investigation is held into a $2 m
Published 25 Nov, 2015 12:00am
Stuttgart fire coach

Stuttgart fire coach

Bundesliga strugglers Stuttgart announced on Tuesday that they have parted company with coach Alexander Zorniger after their 4-0 mauling at home to Augsburg kept them in the bottom three. The 48-year-old Zorniger has only been in charge since the start of
Published 25 Nov, 2015 12:00am
Bangladesh sack Italian coach Lopez

Bangladesh sack Italian coach Lopez

Bangladesh football chiefs sacked their Italian coach Fabio Lopez Tuesday after a disastrous three-month stint in charge of the national team, with a 4-0 home defeat to Australia proving the last straw. "We've decided to terminate the contract with the cu
Published 25 Nov, 2015 12:00am
Murray the key as Britain and Belgium contest Davis Cup final

Murray the key as Britain and Belgium contest Davis Cup final

Belgium host Britain in the Davis cup final in Ghent this weekend in a matchup no-one expected and an atmosphere no-one wants. The picturesque Flanders city is just 55 kilometres (35 miles) from Brussels, still reeling from the fallout of the terrorist at
Published 25 Nov, 2015 12:00am
U-19 pentangular trial matches on November 27

U-19 pentangular trial matches on November 27

U-19 pentangular trial matches are being carried out on November 27 onwards in the city's various grounds to select a final Pakistan squad for the upcoming Tri Nation in Dubai and ICC U-19 World Cup 2016. The National Junior Selection Committee has announ
Published 25 Nov, 2015 12:00am
'Sports week' ended

'Sports week' ended

The sports week of the School of Physiotherapy King Edward Medical University ended on Tuesday with a prize distribution ceremony which also saw the presence of the advisor on health doling out trophies, shields and souvenirs to students. In his speech, A
Published 25 Nov, 2015 12:00am
Hafeez positive for T20s series

Hafeez positive for T20s series

Robust batsman Mohammad Hafeez is optimistic that Pakistan will deliver an outstanding performance in the back-to-back Twenty20s against England from Thursday and Friday at the Dubai International Stadium. Hafeez, in a statement Tuesday, said,"We have bee
Published 25 Nov, 2015 12:00am
India eye series win as Steyn ruled out again

India eye series win as Steyn ruled out again

India will start as favourites to wrap up the series after South Africa's pace spearhead Dale Steyn was sidelined again for the third Test which starts in Nagpur on Wednesday. India lead the four-match series 1-0 after winning the first Test in Mohali ins
Published 25 Nov, 2015 12:00am
Jury retires in Cairns perjury trial

Jury retires in Cairns perjury trial

Jurors in the London perjury trial of former New Zealand cricket captain Chris Cairns retired to consider their verdicts on Tuesday and were told to return to court on Friday. Cairns, 45, faces a charge of perjury after successfully suing Indian Premier L
Published 25 Nov, 2015 12:00am
PCB seeks government clearance

PCB seeks government clearance

Pakistan's cricket chief said on Tuesday he had sought their government's permission for a bilateral series with India on an unspecified agreed neutral venue. Sri Lanka is the likeliest venue to host a shortened bilateral series between the arch-rivals af
Published 25 Nov, 2015 12:00am
Sri Lanka offers neutral venue for Indo-Pak clash

Sri Lanka offers neutral venue for Indo-Pak clash

Sri Lanka has offered itself as a neutral venue for a proposed series between arch-rivals India and Pakistan to break a deadlock over where to play the matches, cricket officials said Tuesday. The island nation emerged as a likely solution after crisis ta
Published 25 Nov, 2015 12:00am
Bezos space firm claims reusable rocket breakthrough

Bezos space firm claims reusable rocket breakthrough

The private space firm founded by Internet entrepreneur Jeff Bezos claimed a breakthrough for its space travel efforts Tuesday with the launch of a reusable rocket. Bezos announced the milestone with his first Twitter message following the launch and retu
Published 25 Nov, 2015 12:00am
Thai court indicts two men over deadly Bangkok bombing

Thai court indicts two men over deadly Bangkok bombing

A Thai military court has indicted two men accused of carrying out a Bangkok bomb attack that killed 20 people including 14 foreigners, making it the deadliest such incident in Thai history. A lawyer for one of the men said a Bangkok military court brough
Published 25 Nov, 2015 12:00am
Fire kills 18 migrants at Algeria camp

Fire kills 18 migrants at Algeria camp

A fire sparked by an electrical fault killed 18 African migrants, including children, and injured 50 others Tuesday at a camp in Algeria, officials said. The blaze began before dawn at the camp housing more than 650 migrants in Ouargla, 800 kilometres (50
Published 25 Nov, 2015 12:00am
Turkey reveals new cabinet with Erdogan son-in-law in key post

Turkey reveals new cabinet with Erdogan son-in-law in key post

Turkish Prime Minister Ahmet Davutoglu on Tuesday unveiled a new cabinet stacked with loyal allies of President Recep Tayyip Erdogan, including his son-in-law who was named energy minister. Davutoglu won approval for his cabinet at a meeting with Erdogan
Published 25 Nov, 2015 12:00am
Power outages plague Crimea as Russia threatens to cut Ukraine gas

Power outages plague Crimea as Russia threatens to cut Ukraine gas

Power cuts in Crimea affected nearly 940,000 people on Tuesday as tensions raged between Kiev and Moscow over the annexed peninsula and Russia threatened to cut off gas supplies to Ukraine. The Black Sea peninsula has been hit by power cuts after unknown
Published 25 Nov, 2015 12:00am
Power outages plague Crimea as Russia threatens to cut Ukraine gas

Power outages plague Crimea as Russia threatens to cut Ukraine gas

Power cuts in Crimea affected nearly 940,000 people on Tuesday as tensions raged between Kiev and Moscow over the annexed peninsula and Russia threatened to cut off gas supplies to Ukraine. The Black Sea peninsula has been hit by power cuts after unknown
Published 25 Nov, 2015 12:00am
North Korea sends 'positive signal' about UN chief's visit

North Korea sends 'positive signal' about UN chief's visit

UN Secretary-General Ban Ki-moon says he has received "a bit of a positive signal" from North Korea about his plan to visit the reclusive country. Ban cautioned that nothing had been decided but said he had discussed the proposed visit with North Korean F
Published 25 Nov, 2015 12:00am
Japanese woman feared murdered, buried in Bangladesh

Japanese woman feared murdered, buried in Bangladesh

Bangladesh police have arrested five men over the suspected murder of a Japanese businesswoman who is believed to have been buried in a graveyard under a false name, an officer said Tuesday. Police suspect Hiroe Miyata, 60, who lived in Bangladesh, was in
Published 25 Nov, 2015 12:00am
Rebels blow up bridges to hamper advance by Yemen loyalists

Rebels blow up bridges to hamper advance by Yemen loyalists

Iran-backed rebels in Yemen have blown up several bridges in the mountainous southwestern Taez province to hamper the advance of pro-government forces, military sources said Tuesday. Government forces backed by air and ground support from a Saudi-led coal
Published 25 Nov, 2015 12:00am
Five shot in US rally over death of black man

Five shot in US rally over death of black man

Racial tensions soared in two US cities Tuesday after three white men opened fire on a Black Lives Matter protest in Minneapolis and a Chicago police officer was charged with murder for shooting a black teen. Five people were wounded, though none gravely,
Published 25 Nov, 2015 12:00am
Bahrain jails photojournalist for 10 years: RSF

Bahrain jails photojournalist for 10 years: RSF

A Bahraini court has jailed for 10 years a freelance photographer who covered demonstrations and revoked his citizenship after convicting him of "terrorism", Reporters Without Borders said Tuesday. A criminal court convicted Sayed al-Mousawi on Sunday of
Published 25 Nov, 2015 12:00am
Teenager dies as Ebola returns to Liberia

Teenager dies as Ebola returns to Liberia

A teenager has died in Liberia in the first such death since the country was officially declared free of the virus in September, an official said Tuesday. "The 15-year-old has finally died. He died yesterday," Dr Francis Karteh, head of Liberia's national
Published 25 Nov, 2015 12:00am
Peruvian farmer sues German energy giant over climate change

Peruvian farmer sues German energy giant over climate change

A Peruvian farmer has filed a landmark lawsuit against German energy giant RWE, saying that the company's fossil fuel emissions endanger his family, livelihood and hometown, a German NGO said Tuesday. In what the pressure group Germanwatch called a first
Published 25 Nov, 2015 12:00am
Tropical storm Sandra forms in Pacific off Mexico

Tropical storm Sandra forms in Pacific off Mexico

Tropical storm Sandra formed in the Pacific Tuesday off Mexico with potential to reach hurricane strength before weakening as it approaches the coast, US forecasters said. The storm, which was packing sustained winds of 50 miles (85 kilometers) per hour,
Published 25 Nov, 2015 12:00am
Japan rocket launches its first commercial satellite

Japan rocket launches its first commercial satellite

A Japanese rocket lifted off Tuesday and successfully put the national space programme's first commercial satellite into orbit, officials said, as Tokyo tries to enter a business dominated by European and Russian companies. The Japan Aerospace Exploration
Published 25 Nov, 2015 12:00am
Rival Libyan tribes sign peace deal in Qatar

Rival Libyan tribes sign peace deal in Qatar

Two rival Libyan tribes, the Tuareg and Toubou, have signed a ceasefire deal in Doha to end months of fighting, Qatar state media has reported. The deal, signed on Monday, not only seeks to end 14 months of fighting in the southwestern Libyan city of Ubar
Published 25 Nov, 2015 12:00am
At least 6 dead in bombing east of Libya capital

At least 6 dead in bombing east of Libya capital

At least six civilians were killed and 14 wounded in a bomb attack on a Libyan security checkpoint Tuesday near Khoms, east of the capital, a security official said. The attack, for which there was no immediate claim of responsibility, targeted a checkpoi
Published 25 Nov, 2015 12:00am
Portugal socialist leader named PM after weeks of turmoil

Portugal socialist leader named PM after weeks of turmoil

Antonio Costa, the leader of Portugal's Socialist Party, was named prime minister and tasked with forming a government Tuesday after weeks of political instability caused by an inconclusive election last month. The appointment comes after Costa's anti-aus
Published 25 Nov, 2015 12:00am
Queen Elizabeth sells 25,000 tickets to 90th birthday

Queen Elizabeth sells 25,000 tickets to 90th birthday

Tickets to Britain's Queen Elizabeth II's 90th birthday celebrations sold out within hours on Tuesday as Buckingham Palace promised four days of pageantry "fit for the queen" including dancing and horse shows. Britain's longest-ever reigning monarch, Eliz
Published 25 Nov, 2015 12:00am
Greek conservative chief quits amid party election fiasco

Greek conservative chief quits amid party election fiasco

The acting head of Greece's conservative New Democracy party, and head of the opposition, quit Tuesday after a weekend fiasco that saw the party fail to elect a new leader. "To de-escalate the tension...I am handing over the acting chairmanship," Evangelo
Published 25 Nov, 2015 12:00am
BA and Easyjet cancel Sharm el-Sheikh flights until new year

BA and Easyjet cancel Sharm el-Sheikh flights until new year

National carrier British Airways and budget airline Easyjet on Tuesday cancelled all flights to and from the Egyptian resort of Sharm el-Sheikh until next year over security concerns raised by the downing of a Russian jet. "As a result of government advic
Published 25 Nov, 2015 12:00am
Kerry condemns Palestinian attacks as he meets Israel Prime Minister

Kerry condemns Palestinian attacks as he meets Israel Prime Minister

US Secretary of State John Kerry expressed strong support for Israel and condemned a wave of Palestinian attacks Tuesday as he met Prime Minister Benjamin Netanyahu to try to ease weeks of violence. Arriving with scant hopes for a major breakthrough, Kerr
Published 25 Nov, 2015 12:00am
Iran says US has plan to divide Iraq, pleads with Iraqis to resist

Iran says US has plan to divide Iraq, pleads with Iraqis to resist

Iran's Supreme Leader Ayatollah Ali Khamenei on Tuesday accused the United States of trying to divide Iraq along sectarian and ethnic lines and urged Iraqis to withstand any such plans. Shia Muslim power Iran wields great influence in Iraq, which has a ma
Published 25 Nov, 2015 12:00am
Bomb attack on Tunisia presidential guard bus kills 12

Bomb attack on Tunisia presidential guard bus kills 12

A bomb blast on a bus transporting Tunisia's presidential guard in central Tunis on Tuesday killed at least 12 people and wounded 16, the interior ministry said. A security source at the site of the attack said "most of the agents who were on the bus are
Published 25 Nov, 2015 12:00am
Law officials plan global strike at 'dark markets': Dutch

Law officials plan global strike at 'dark markets': Dutch

European, US and Australian law enforcement officials met Tuesday in the Netherlands to plan a crackdown on illegal online markets trading in everything from drugs to child pornography, Dutch prosecutors said. The two-day conference in a seaside suburb no
Published 25 Nov, 2015 12:00am
More UN peacekeepers needed for South Sudan

More UN peacekeepers needed for South Sudan

UN Secretary-General Ban Ki-moon wants 1,100 extra peacekeepers to be sent to South Sudan to help protect civilians who continue to face attacks despite a peace deal signed three months ago. Ban made the request in a report to the Security Council last we
Published 25 Nov, 2015 12:00am
German prosecutors launch tax evasion probe at Volkswagen

German prosecutors launch tax evasion probe at Volkswagen

German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen, adding to the intense scrutiny of Europe's biggest carmaker. The investigation focuses on five Volkswagen employees,
Published 25 Nov, 2015 12:00am
PSM employees: Two months' salaries approved by Dar

PSM employees: Two months' salaries approved by Dar

Finance Minister, Senator Ishaq Dar has approved payment of two months' salaries (August- September 2015) to the employees of Pakistan Steel Mills (PSM). According to official documents, Privatisation Commission (PSM) has sent a summary to the Finance Min
Published 25 Nov, 2015 12:00am
Pakistan becomes IDLO's member

Pakistan becomes IDLO's member

Pakistan on Tuesday became a full member of the International Development Law Organization (IDLO). The Foreign Office spokesperson, in a statement, said that the agreement was signed between Pakistan's Ambassador to Italy Nadeem Riyaz and Ambassador Miche
Published 25 Nov, 2015 12:00am
NA body describes PSMA as 'powerful cartel'

NA body describes PSMA as 'powerful cartel'

National Assembly Standing Committee on Industries and Production on Tuesday portrayed Pakistan Sugar Mills Association (PSMA) as a "powerful cartel" and recommended the government withdraw export subsidy on sugar until mills start selling sugar to the Ut
Published 25 Nov, 2015 12:00am
Kot Addu Power Company Limited

Kot Addu Power Company Limited

The country's largest independent power producer, Kot Addu Power Company Limited (KSE: KAPCO) is a significant contributor to the national exchequer. The organisation holds enormous significance as its shares are listed on all the three stock exchanges an
Published 25 Nov, 2015 12:00am
Kot Addu Power Company Limited

Kot Addu Power Company Limited

The country's largest independent power producer, Kot Addu Power Company Limited (KSE: KAPCO) is a significant contributor to the national exchequer. The organisation holds enormous significance as its shares are listed on all the three stock exchanges an
Published 25 Nov, 2015 12:00am
Aman Foundation introduces leadership programme

Aman Foundation introduces leadership programme

Aman Foundation has introduced AmanLeaders - an innovative new leadership programme, developed to encourage promising young talent to take the lead in addressing Pakistan's biggest challenges in health and education sectors. The two-year programme is mode
Published 25 Nov, 2015 12:00am
Dr Fitzgerald explains importance of liberal arts education

Dr Fitzgerald explains importance of liberal arts education

Most of the preeminent educational institutions of the world take the contrarian view requiring their students to dedicate a considerable portion of their time to liberal arts courses along with their chosen STEM majors. This was stated by Dr Deborah Fitz
Published 25 Nov, 2015 12:00am
FIA arrests assistant director Passport Office

FIA arrests assistant director Passport Office

Federal Investigation Agency (FIA) on Tuesday arrested Assistant Director Passport and another employee of his office over charges of issuing passports to foreigners. According to FIA sources, Wasti Ali Nusrat Jaffri and Waseem were arrested by the agency
Published 25 Nov, 2015 12:00am
Electioneering picking momentum in Karachi

Electioneering picking momentum in Karachi

Political activities in the city are gaining momentum as date for local body election draws nearer. Business activities related to electioneering; printing, outdoor advertising and car-rentals - are picking up. With a surge in demand for printing election
Published 25 Nov, 2015 12:00am
APCNGA warns of strike if grievances not addressed by November 30

APCNGA warns of strike if grievances not addressed by November 30

All Pakistan CNG Association (APCNGA) on Tuesday warned the government of shutting all stations down if the government did not resolve their grievances before November 30. Chairman APCNGA, (Sindh Chapter) Shabbir Sulaiman Gee addressing a press conference
Published 25 Nov, 2015 12:00am
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