Latest International Business News
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Bernanke says more positive signs needed before scaling back stimulus
WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
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Higher exports fail to plug widening Japan trade deficit
TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
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Vitamin C offers hope of tackling drug resistant TB
WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
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IMF warns UK against continuing austerity programme
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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Labour reforms to top US team agenda on Bangladesh visit
DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...
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Barroro voices concern over estimated one trillion euro tax evasion
BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
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German central bank sees signals of economic pick up in Q2
FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
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Construction begins on new island off Jumeirah Beach in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
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Mortgage lending in UK rises highest in four years
LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...
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UN urges collective efforts to achieve water secure world on Day for Biological Diversity
22 May 2013 150 Unless greater efforts are made to reverse current trends, the world will run out of freshwater, the United Nations said today marking the International Day for Biological Diversity and urging stronger scientific alliances to understand and protect natural resources. "We live in an increasingly water insecure world where demand often outstrips supply and where water quality ...
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World motorsport chief to visit Botswana
The president of the world motorsport governing body, Federation Internationale de I' Automobile (FIA), Jean Todt is scheduled to visit Botswana in August, Botswana Motorsport Association (BMSA) has confirmed. BMSA secretary general Joseph Khengere said Tuesday they had been in consultations with the FIA since affiliating to them earlier this year and the president will pay a visit to Botswana, ...
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Oz women cricketers Down Under on top of world after hefty pay-hike
Cricket Australia (CA) has announced that the country's top female cricketers will now earn up to 80,000 dollars within a year. The women team has won Women's World Cup and the T20 trophy, prompting CA to consider female cricket as professional, News.com.au reports. CA chief executive James Sutherland compared the women's cricket team to the men's cricket club, saying that the association ...
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Govt. determined to put effective financial regulatory system in place Chidambaram
Finance Minister P. Chidambaram on Wednesday said that making laws in the country is not an easy task, and added that this has become even more difficult due to the legitimization of obstructionism as a parliamentary tactic in the coalition era. Addressing a seminar on the 'Indian Financial Code' (IFC) which was framed by Financial Sector Legislative Reforms Commission (FSLRC) with a view to ...
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Trinindad Football hints at probe to uncover missing funds
The Trinidad and Tobago Football Federation (TTFF) has hinted that an investigation could be launched into unaccounted revenues generated by the federation from World Cup 2006. President of the TTFF Raymond Tim Kee announced Tuesday that a probe is being considered during a press conference at the Hasely Crawford Stadium, reports CMC. "From our understanding, TTFF is very much a part of ...
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U.S. to collaborate with India on developing global approach to combat terrorism
The United States has pledged to collaborate with India on developing a global approach to combat increasing terror threats. After the India-US Homeland Security Dialogue in Washington, a joint communique said the two countries have also agreed to enhance bilateral co-operation to combat terror financing and currency counterfeiting. Home Minister Sushil Kumar Shinde led a high-powered Indian ...
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Casual sex after split could help heal broken hearts
The first order of business after a split is by getting involved in some casual sex, according to experts. However, casual sex to some is fine only if the two have truly, emotionally, moved on, the Huffington Post reported. It could be good idea, as it helps you to forget that you have been sleeping with a jerk before. As long as it is protected there is problem at all. It's part of the ...
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Oliver tops 110m hurdles at World Challenge Beijing
With the absence of Chinese star Liu Xiang, American David Oliver topped the men's 110-metre hurdles at the 2013 IAAF World Challenge Beijing here, while China's Li Jinzhe continued his good form and grabbed a second win in the men's long jump. Oliver, bronze medallist in the event at the 2008 Beijing Games, held off the challenge of London Olympic runner-up Jason Richardson and Jamaica's ...
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Microsoft launches all-in-one home entertainment system Xbox One
Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...
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245 South Koreans have paper companies
A total of 245 South Koreans were confirmed to have established paper companies in safe havens in a bid to avoid tax payment, an independent South Korean media said Wednesday. The Newstapa announced that it found 245 South Koreans set up paper companies in safe havens between 1995 and 2009 after analyzing information related to paper companies jointly with the International Consortium of ...
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Microsoft unveils new all-in-one Xbox console
Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant's Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft's Redmond, Washington, campus. The Xbox One was presented as an all-in-one system for gaming, watching ...
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Indo-China bilateral meet on healthcare sector held at Geneva
Union Health Minister Ghulam Nabi Azad and Dr Li Bin, Minister of Health and Population, People's Republic of China met here yesterday on the sidelines of World Health Assembly to discuss the strengthening of bilateral cooperation between the two countries in healthcare sector. Congratulating Dr Li Bin for taking over as Health Minister of China, Azad stated that in view of her keen interest ...
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Jimmy Shergill looking forward to work with Pakistan film industry
Jimmy Shergill has said that Hindi and Punjabi films have a huge audience from Pakistan - especially in Canada. It's been a super busy year for the Bollywood actor. With over 50 Hindi and Punjabi films under his belt, Shergill has proven himself as the versatile actor he always dreamt of being, even if it took him 17 years. While he loves to do Punjabi films, Shergill says that his bread ...
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No background check done on MJs doctor says lawyer
A corporate attorney has said that AEG Live LLC did not conduct any background checks on Dr Conrad Murray, who has been convicted of killing Michael Jackson. Jurors were told by AEG Live General Counsel Shawn Trell that no legal or financial checks were done involving Murray or anyone else who worked as an independent contractor on the 'This Is It' shows, Fox News reported. He said that a ...
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Four farming groups to receive 2013 Plant Genome Saviour Community Awards
Agriculture and Food Processing Industries Minister Sharad Pawar will confer awards on four farming communities for their outstanding work in conservation of genetic resources, in a ceremony here today. These awards, carrying a cash prize of Rs. 10 lakh each, have been instituted by the Protection of Plant Varieties and Farmers' Right Authority (PPV and FR). In addition, 10 farmers will ...
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US immigration reform bill clears key Senate hurdle
A bipartisan immigration reform bill cleared a key hurdle after its authors negotiated a compromise with a Republican senator to relax some restrictions on high-tech companies on hiring foreign techies, many of whom come from India. Members of the Democratic-controlled panel Senate Judiciary Committee approved the measure 13-5 with three Republicans joining 10 Democrats after the so-called ...
North America Feature
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North America's unknown potential disaster
North America is facing a potential ecological disaster that most people are not even aware of, according to scientists who have been studying the little brown bat (or myotis bat), the most common species of bat in the United States and the wider North American continent.
This is because the bat is under attack by a killer fungus that grows on the bats’ wings during hibernation and causes them to lose body fat and wake early from their sleep, which causes them to eventually die. The fungal infection is said by researchers to be capable of killing off the bat within the next 16 years when their current population, which numbers up to several million, may fall to just 0.01% of present levels. Read more
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