NEW DELHI - India and Japan, both major energy fuel importers, are mulling joining forces while bidding for potential tenders for liquefied natural gas (LNG) supplies with an eye to beating down the high prices. Both the countries will work out a strategy in the next three months, Petroleum and natural gas secretary Vivek Rae told reporters on sidelines of the 8th Asia Gas Partnership Summit ...
WASHINGTON - The US trade deficit narrowed in October with oil sales helping exports rise 1.8 percent to a record high of $192.7 billion in October over previous month, the US Commerce Department has said. Bureau of Economic Analysis of the Department of Commerce announced Wednesday that total October exports of $192.7 billion and imports of $233.3 billion resulted in a 5.4 percent drop in ...
WASHINGTON - Internet search engine Google has acquired seven robotics companies in the past half a year and has begun the process of building its own robots that could undertake manufacturing and could be deployed in the supply chain sector. To start with Google has created a new robotics group under Andy Rubin, who was previously in charge of the Android operating system, and bought seven ...
BEIJING - China has awarded its first superfast 4G telecommunications licences to three mobile phone companies. Designed to give mobile phone users faster access to the internet services, the first set of licenses were granted by the government to China Mobile, China Unicom Hong Kong and China Telecom. It is not as yet clear if any rollout conditions have been attached to the licences, or ...
BRUSSELS - The European Union has slapped a 1.7 billion euros ($2.3 billion) fine on eight major banks, including Deutsche Bank, RBS and JPMorgan, for rigging interest rates. German Deutsche Bank, involved in rigging the Euribor and Japanese yen Tibor rates, was fined a total of 725 million euros, while the French Societe Generale was fined 446 million euros for manipulating the European ...
Mon Oncle [DVD]
Jacques Tati's Mon Oncle is visually structured around two disparate sections of Paris, which Tati uses to illustrate his contempt for what he saw as the increasingly sterile and lifeless trajectory of modernization. ...
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NICOSIA, Cyprus -- The Cypriot government says the privatization of state-owned companies will start in two years, when the bailed-out country's economy is projected to start growing again. Government spokesman Christos Stylianides says first in line for privatization is the Cyprus Telecommunications Authority. He says the government will retain some ownership stakes, workers' rights ...
NEW YORK -- Fast-food workers and labor organizers are set to turn out in support of higher wages in cities across the country Thursday. Organizers say walkouts are planned in 100 cities, with rallies set for another 100 cities. But it's not clear what the actual turnout will be and whether they'll shut down or even disrupt restaurant operations. A similar day of protests this summer ...
ISSAQUAH, Wash. -- Costco's sales at stores open at least a year rose 2 percent in November, missing Wall Street's expectations for a period that included the critical Black Friday holiday shopping weekend.Analysts surveyed by FactSet predicted a 3.3 percent rise in the metric. Costco shares slipped $1.75, or 1.4 percent, to $121.22 in premarket trading Thursday about three hours ahead ...
We expect a dovish tone [at the meeting] and Draghi is expected to leave door open to further accommodation if needed, with the use of any available tool. We anticipate the December staff projections to show a slight downward revision for the 2014 inflation forecast (about 0.2% to 1.1%) on the back of lower oil prices and a carry-over effects due to the low inflation rate at the end of 2013. ...
GMT The OBR says that the main explanation for its upward revisions has been stronger-than-expected private consumption growth in 2013. But despite the growth forecast upgrades this year and next year, the fiscal watchdog remains rather ...
gas companies.With the measures, most of which were well trailed in advance, the chancellor will hope to have lifted some of the political pressure off the government by responding to the call from the Labour leader, Ed Miliband, in September for a gas and electricity price freeze.Osborne has allowed the big six power firms to take longer over delivery of the Energy Company Obligation, under ...
The Chinese central bank has warned the country's financial institutions not to trade in bitcoin, saying that the digital currency doesn't have "real meaning" and lacks legal protections. However, no explicit risk to China's financial system was identified by the bank, and it reiterated that individual citizens were free to use bitcoin provided they were aware that they ...
tax bill on any profits they make after the chancellor announced he was closing a loophole that meant they were treated more favourably than British landlords.The autumn statement contained confirmation of the change, together with news that landlords who have previously lived in their investment property will benefit from less tax relief when they eventually sell up.Recent years have seen the ...
The National Campaign for the Arts has looked at 20 indicators – from funding to cultural output – to find out how the UK arts have changed since 2007. They found that employment was down though satisfaction was ...
Speaking ahead of chancellor George Osborne's autumn statement on Thursday, Labour leader Ed Miliband claims British families are 1,600 a year worse off under prime minister David Cameron's coalition government. The opposition leader also comments on changes to the state pension retirement ...
On the record
When it comes to Iran's nuclear weapons program, the only difference between them is this: Ahmadinejad was a wolf in wolf's clothing, Rouhani is a wolf in sheep's clothing, a wolf who thinks he can pull the wool over the eyes of the international community.
The chief lobbyist for the National Retail Federation was speaking about talks to end the U.S. government shutdown.
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Grand Hyatt Dubai
I drove up to one of Dubai's newest luxury hotels, the Grand Hyatt Dubai, with it's towers majestically standing watch ...Keep reading
The Iranian Revolutionary Guard Corps has arrested 16 persons for providing material to anti-government websites that are reportedly seeking to topple the country's Islamic ruling system, state media reports.
The official IRNA news agency quoted a local prosecutor in southeast Iran, Ahmad Ghorbani, as saying that all 16 activists are facing charges of cooperating with Western and anti-Iran news networks, Fox News reports.
Ghorbani revealed that the confessions obtained during interrogations proved the charges against the defendants.
However, those detained were not identified and are said to have attended training sessions in Turkey and Malaysia, the report added. (ANI)
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- Sleeping sickness a health scourge that refuses to be put to rest
- Joint LNG purchase strategy being looked at by India and Japan
- Higher oil exports help US narrow trade deficit
- Private clinics are part of the solution not part of the problem according to the Montreal Economic Institute
- Arts and culture worth US$505b to US economy
- CAD weaker on BOC inflation warning
- Topless US woman runs after Peeping Tom who secretly films her trying on bras
- Spotify reveals pays more than $1bn in royalties per year
- 50 things you might not know about 15 of your favorite Christmas movies
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- Singer Wyclef Jean to run for Haitian Presidency
- Philippine carriers EU ban stays red flag over all Nepal airlines
- Cruise Tourism to Romania One cruise line brings 160000 foreign visitors
- Abu Dhabi hotel revenues reach $1.2bn so far in 2013
- Germanys Merck to buy hi-tech materials firm AZ for $2.6 billion
- Financial consumer protection imperative to bring back retail investors into financial markets Study
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- Judge allows Obama's uncle to stay in US
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