LONDON - China's largest premier commercial property and entertainment conglomerate, Dalian Wanda Group Wednesday entered into 320million pounds definite acquisition deal with leading British yacht company, Sunseeker International Ltd, under which Wanda will acquire a majority shareholding of 91.81% in pre-eminent luxury motor yacht manufacturer. Under the agreement, the remaining 8.19% ...
BRUSSELS - European Union in its first case over pay-for-delay deals that held back sales of cheaper generic drugs Wednesday fined Danish pharmaceutical company Lundbeck 93.8 million euros and imposed fines totaling 52.2 million euros on several other producers of generic medicines. The European Commission, the EU's antitrust regulator, said the companies had reached agreements that may ...
NEW YORK - Chrysler avoided a showdown with the US government by agreeing to recall 2.7 million Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. Chrysler said it recognised the matter had raised concerns for customers The US company said it had resolved its differences with the National Highway Traffic Safety Administration (NHTSA). The recall affects ...
WASHINGTON - Four of the largest U.S. mortgage servicers, including Citigroup Inc (C). and Bank of America Corp., have failed to adequately upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have failed to adhere to some of the new standards set out in a landmark settlement meant to ...
MADRID - Spain risks high joblessness and sluggish growth for years unless its government together with Europe takes "urgent action' to generate growth and jobs, the International Monetary Fund stated Wednesday. "While there are signs the economic contraction may end soon, the outlook remains difficult," IMF said in its annual assessment of the Spanish economy. "But unemployment remains ...
Dark Blue is a tough, but somewhat routine, corrupt-cop morality tale that generates a good deal of power by being set in the five-day period in 1992 leading up to the riots that tore apart South Central Los Angeles in the wake of the verdict that acquitted the policemen who beat Rodney King. Throughout the film are carefully placed TV sets broadcasting the actual footage of that timeKing ... ...
Software giant Microsoft has decided to reward security researchers to report bugs and find novel methods for exploiting the security built into the latest version of Windows. According to the Sydney Morning Herald, Microsoft has announced that it will pay up to one million dollars for finding bugs with Windows 8 and those who can demonstrate a way to block the new attack method can earn 50,000 ...
Software giant Microsoft has reportedly altered some of its sharing policies for its latest gaming and entertainment console Xbox One after addressing to feedbacks from the 'Xbox community'. Microsoft has dropped the 24-hour Internet connection requirement for playing all disc-based games, and has made games using and sharing unlimited, CNN reports. According to the report, president of the ...
STOCKHOLM -- Norway's Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region. Most of the Norwegian sector of the Barents Sea, which the Nordic country shares with Russia, is already open to petroleum activities. But environmentalists and some opposition ...
LONDON -- Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year. While stocks and commodities took a pounding on the news, the dollar surged. For nearly five years, the Fed has been pursuing an aggressive monetary policy to shore up the U.S. economy, which was battered by the financial ...
AMSTERDAM -- The chief executive of ABN Amro says the Dutch bank is ready to be privatized. Gerrit Zalm said on a late-night television talk show Wednesday that the bank is sufficiently capitalized and had remained profitable despite a recession in the Netherlands. "We're ready," said Zalm, a former finance minister. The country's current government has said the earliest ...
Making the news
Our nuclear programmes are completely transparent. But we are ready to show greater transparency and make clear for the whole world that the steps of the Islamic Republic of Iran are completely within international frameworks. The sanctions are unfair, the Iranian people are suffering, and our (nuclear) activities are legal. These sanctions are illegal and only benefit Israel.
Iran's president-elect was speaking after his historic election victory.
New York-New York Hotel & Casino
Awe struck us on our arrival at this relatively new hotel and casino establishment at the top of the Strip. ...Keep reading
Should tax havens be forced to lift their shroud of secrecy?
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The visiting Indian External Affairs Minister Salman Khurshid met Prime Minister of Iraq Nouri al Maliki in Baghdad on Thursday.
Khurshid is presently on a two-day official visit to Baghdad at the invitation of the Foreign Minister of the Republic of Iraq Hoshiyar Zebari.
Ahead of landing in Baghdad, Khurshid hailed the valuable and rich history of relationship between the two countries.
"We have had very good relationship with Iraq and there is no reason why that very good relationship should not continue, indeed, should not be strengthened and why we cannot be very close partners once again," Khurshid told the media onboard.
"As it is we are apart from a very valuable and rich history with them of our relationship, today in terms of energy security we have an important partnership with Iraq and, therefore, we need to give an attention," he added.
Khurshid said he also hopes that the major spate of two-way traffic between India and Iraq at the highest level could be triggered off.
"I am going there and I hope that we can trigger off major spate of two-way traffic between India and Iraq at the highest level," he said.
This is the first high-level official visit from India to Iraq since 2003. ...
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