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Enthusiasm for Gulf union remains strong

in International - Tue May 15, 2012

Manama: The decision by the Gulf Cooperation Council (GCC) to delay the expected announcement of a Gulf union did not seem to dampen enthusiasm for the proposal put forwa

Sarkozy fails to knock out rival in debate

in International - Thu May 03, 2012

Nicolas Sarkozy\'s re-election bid has become tougher after he failed to land a much-needed knockout blow on Socialist frontrunner Francois Hollande in a bitter televised

Samsung beats Apple smartphone sales

in International - Fri April 27, 2012

A surge in Galaxy smartphone sales fuelled earnings at Samsung Electronics to a record high in the first quarter.

Samsung sold more smartphones in the first th

UN DAILY NEWS DIGEST - 17 April

in International - Wed April 18, 2012

GLOBAL ECONOMIC OUTLOOK SLOWLY IMPROVING BUT REMAINS FRAGILE, SAYS UN-BACKED REPORT 

The prospects for the global economy are slowly improving, but growth

The War for Spain

in International - Mon April 16, 2012

I fully intended to ignore Spain this week. Really, truly I did. I had my letter all planned, but then a few notes drew my attention, and the more I reflected on them, the m

UK finance minister: GDP growth forecast raised

in International - Thu March 22, 2012

LONDON

Britain\'s finance minister says borrowing will fall modestly in the new financial year and that the country\'s economy will return to growth in the

China calls for boost in domestic consumption

in International - Mon March 05, 2012

CHRISTOPHER BODEEN - The Globe and Mail

China\'s premier on Monday called for a boost in domestic consumption to keep the economy

Italy police seize $6 trillion in fake US bonds

in International - Sat February 18, 2012

ROME: Italian authorities have seized $6 trillion worth of fake US treasury bills from safety deposit boxes in Switzerland.

As US Treasury bills are considered

Budget WH proposes 2.4 bn aid to Pakistan in 2013

in National - Tue February 14, 2012

WASHINGTON: Unveiling its annual budget of USD 3.8 trillion that calls for tax hikes on the rich, the Obama administration Monday proposed USD 2.4 billion in financial aid t

Obama budget to forecast 901bn deficit in 2013

in International - Sat February 11, 2012

WASHINGTON: President Barack Obama will project a $901 billion deficit for fiscal 2013 in his upcoming budget proposal, a sharp drop from the funding gap this year, a White

China criticizes Iran sanctions as Merkel visits

in International - Fri February 03, 2012

BEIJING: China\'s main ruling party newspaper criticized sanctions on Iran as German Chancellor Angela Merkel met Friday with President Hu Jintao after urging Beijing to pre

Myanmar has no plans to export new gas finds

in International - Sat January 28, 2012

NAYPYITAW: Myanmar will keep natural gas from new projects beyond 2013 for domestic consumption, a shift of policy aimed at powering its development, the country\'s energy m

Text of Obamas State of the Union address

in International - Wed January 25, 2012

Text of President Barack Obama\'s State of the Union address, as provided by the White House:

Mr. Speaker, Mr. Vice President, members of Congress, distinguished guest

New tech trend for 2012 and beyond

in International - Fri January 06, 2012

LONDON: Despite gloomy headlines from Europe over the past year, a new technology mash-up is emerging that could spark some exciting ideas for investors.

There

Japan India strike USD15 billion currency swap deal

in International - Fri December 30, 2011

NEW DEHLI: Japan and India struck a $15 billion currency swap deal Wednesday that could support the sagging rupee as Japanese premier Yoshihiko Noda made a lightning trip to

Congress strikes deal to avert government shutdown

in International - Fri December 16, 2011

WASHINGTON: US congressional leaders struck Thursday a $1 trillion funding deal to avert a pre-Christmas government shutdown, as talks between Democrats and Republicans for

White House plays for time in pre Christmas showdown

in International - Thu December 15, 2011

WASHINGTON: The White House Wednesday asked Congress to pass a temporary spending measure to head off the prospect of a government shutdown as a bitter pre-Christmas standof

China industry output growth slowest in two years

in International - Fri December 09, 2011

BEIJING: China\'s industrial output growth hit its slowest pace in more than two years in November and inflation tumbled as economic conditions deteriorated, raising expecta

Govt paying Rs25bn monthly subsidy to power sector

in National - Thu December 08, 2011

The government is paying Rs25 billion monthly subsidy on account of tariff differential, line losses and non-collection of bills despite massive increase in power tariff dur

Italy rejoins Europe top table after Berlusconi

in International - Fri November 25, 2011

ROME (Nov 25, 2011) : Shunned for years under the gaffe-prone Silvio Berlusconi, Italy is back at Europe\'s top table with Prime Minister Mario Monti taking on a role of med

Republican Candidates Call for Tougher Action Against Iran

in International - Wed November 23, 2011

Republican contenders attacked President Barack Obama over Iran"s work toward of a nuclear weapon, calling in a national security debate for aggressive actions from imposing

Super committee had one glimpse of elusive compromise

in International - Tue November 22, 2011

WASHINGTON, Nov 22 (Reuters): It didn\'t seem like mission impossible just two weeks ago.Inside a private room on the first floor of the U.S. Senate, seven members of Was

Zardari,Gilani step up contacts with legislators

in National - Fri November 18, 2011

ISLAMABAD: President Asif Zardari and Prime Minister Yousuf Raza Gilani have stepped up contacts with parliamentarians belonging to the ruling coalition to work out

Monti launches radical reforms for Italy

in International - Fri November 18, 2011

Rome: Prime Minister Mario Monti laid out radical economic reforms on Thursday aimed at cutting Rome\'s huge debt mountain, boosting growth and preventing Italy from draggin

Obama Says Budget Constraints Wont Cut U.S. Pacific Plans

in International - Thu November 17, 2011

President Barack Obama said cutting the U.S. budget won"t reduce the nation"s military and economic commitments to the Asia-Pacific region in remarks that reflect a