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Economic Affairs Editor

News's Articles

Disgruntled Airline Speaks Up About Boeing 787 Payout

While customer-payment requests over snarled new-plane deliveries are generally handled privately, LOT Polish Airlines has challenged Boeing for compensation Click here for more information Businessweek.com -- Most Popular

July 31, 2013 at 3:00 am | News Desk

Are Rush Limbaugh and Sean Hannity Overpaid?

With Cumulus Media said to be shopping for less-expensive replacements, free market logic may be catching up to talk radio's superstars Click here for more information Businessweek.com -- Most Popular

July 31, 2013 at 3:00 am | News Desk

Yaum-e-Ali: Mobile phone services to remain shut in various cities of Pakistan

ISLAMABAD: In a bid to thwart terrorists’ plans of attacking processions on the occasion of Yaum-e-Ali, the government has decided to suspend mobile phone services in various cities across the country on Wednesday. Reports from various sources suggest that wireless services will also be banned in sensitive areas of the country including Lahore and Rawalpindi. The sources said that the mobile phone service to remains suspended in Lahore from 4am to 8pm, Rawalpindi from 4am to 6pm, Sheikhupura  from 7am to 4pm, Kasur from  7am to 1pm  and  Sialkot from 7am to 3pm. Sources in Pakistan Telecommunication Authority (PTA) said that the directions pertaining to the closer of the service had been conveyed the mobile phon...

July 31, 2013 at 2:00 am | News Desk

PML-N Khawaja Saad Rafique increases strictness on staff

ISLAMABAD: Pakistan Railways ministry has terminated another leave day for its staff and subsidiary departments for continuation of official tasks during six days a week instead of five. Pakistan Muslim League Nawaz (PML-N) belonged federal minister Khawaja Saad Rafique has axed Saturday’s vacation for Pakistan Railways (PR) staff and its subordinate sections in order to accelerate daily work load. Sources closer to railway ministry said that the summary pertaining end of the Saturday’s leave has been approved by Prime Minister Nawaz Sharif. Khawaja Saad Rafique thought his step will be helpful to counter increased workload due to Eid festival as well as increased efficiency will facilitate passengers willing to meet their r...

July 31, 2013 at 2:00 am | News Desk

San Francisco Giants’ Brian Wilson joins Los Angeles Dodgers

Closer Brian Wilson, who played such an integral role in San Francisco Giants’ 2010 World Series win, has chosen to sign with the Los Angeles Dodgers, CBS Sports reported. Wilson will report to the Dodgers’ spring training facility in Arizona, then move along to Single-A Rancho Cucamonga, the report quoted sources. Assuming all goes well, he is expected to join the Dodgers around mid-August. He signed a minor-league deal, running only through 2013. The Dodgers have been seeking bullpen help, specifically an eighth-inning man who can work as a bridge to closer Kenley Jansen. Wilson, described by one scout who watched him work out last week at UCLA as “getting close” to major-league ready, has plenty of late-inning ...

July 31, 2013 at 2:00 am | News Desk

South Africa vs Sri Lanka 5th ODI preview

Colombo: South Africa will face Sri Lanka in 5th and final One Day International (ODI) of five matches series.South Africa who had been out classed by the host in the forth ODI, chased down 239 with 8 wickets to spare. Now visitors South Africa will be playing for their pride in the series while hosts eyeing to maintain their winning run. Probable teams: Sri Lanka: Skipper Angelo Mathews, Dinesh Chandimal, Chaturanga de Silva, Tillaratne Dilshan, Shaminda Eranga, Dimuth Karunaratne, Suranga Lakmal, Angelo Perera, Kusal Perera, Thisara Perera, Vimukthi Perera, Kumar Sangakkara, Sachithra Senanayake, Lahuri Thirimanne. South Africa: Skipper AB de Villiers, Hashim Amla, Farhaan Behardien, Quinton de Kock, Faf du Plessis, Colin Ingram, Rory ...

July 31, 2013 at 1:35 am | News Desk

Israelis, Palestinians seek peace deal in nine months

WASHINGTON: After a three-year stalemate, Israeli and Palestinian negotiators on Tuesday set themselves an ambitious goal to reach a long elusive peace deal within nine months. Standing side-by-side with US Secretary of State John Kerry, who has dragged them back to the negotiating table, officials from both sides said it was time to end their decades-old conflict. “I can assure you that in these negotiations, it’s not our intention to argue about the past, but to create solutions and make decisions for the future,” Israeli chief negotiator Tzipi Livni told her Palestinian counterpart Saeb Erakat. Both sides have agreed to meet again “within the next two weeks,” Kerry said, either in Israel or the Palestinian...

July 31, 2013 at 1:35 am | News Desk

‘Love-making is the spine of B.A. Pass’: Shilpa Shukla

She played Bindiya Naik, a role of an arrogant and rude lady in Shah Rukh Khan starrer  Chak De! India. But still didn’t get the right opportunities even after the successful film. She refuses to call herself a choosy actress. But has done some decent amount of work as an Actress. Shilpa Shukla who will be seen playing the Lead Role in this year’s most eye-grabbing movie B.A.Pass, goes candid with The News Tribe (TNT)’s Faisal Saif. You film B.A.Pass is also about relations, What is your personal take on relationships? Its is all the result of the time we are living in. I always say times are different. I don’t pass judgments, but it’s about being compassionate. Everyone has a tale and why they behave ...

July 31, 2013 at 1:14 am | News Desk

Bayern chief charged with German tax evasion

BERLIN, Germany: Prosecutors charged Bayern Munich’s powerful president Uli Hoeness with tax evasion Tuesday, a court said, after a months-long, high-profile probe that has rocked German sport and politics. The superior regional court in Munich said in a statement that it must now decide whether the case brought by the local prosecutor’s office against the chairman of Germany’s most successful football club will go to trial. “Due to the volume of the investigation files as well as the fact that a defence request to delay answering to the charges for one month was granted, a decision by the court on starting a trial is not to be expected before the end of September 2013,” court spokeswoman Andrea Titz said in ...

July 31, 2013 at 1:04 am | News Desk

EU’s Ashton visit ends, but Egypt crisis persists

CAIRO: EU foreign policy chief Catherine Ashton met Egypt’s ousted Islamist president on Tuesday, saying he was “well,” but the country’s political crisis seemed no closer to resolution despite her efforts. Neither the interim government nor supporters of deposed president Mohamed Morsi showed any indication that they had shifted their positions after talks with Ashton, who left Cairo on Tuesday. Morsi loyalists continued to rally throughout the day, despite stern warnings from the military and National Defence Council and the deaths of 82 people at a protest on Saturday. Ashton became the first person to officially visit Morsi since his July 3 ouster, holding two hours of talks with him at an undisclosed location ...

July 31, 2013 at 1:04 am | News Desk

Manning guilty of espionage but not ‘aiding enemy’

FORT MEADE, Maryland: A US military judge found Wikileaks’ source Private Bradley Manning guilty of several counts of espionage on Tuesday but cleared him of the charge that he ‘aided the enemy.’ Despite being cleared on the most serious charge, Manning will still face a lengthy prison term for his breaches of the espionage act when a sentencing hearing begins Wednesday. In all, Manning was found guilty of 20 of 22 counts related to his leaking of a huge trove of secret US diplomatic cables, government records and military logs to the Wikileaks website. Miltary judge Colonel Denise Lind said that she would begin sentencing hearings the next day, at the Fort Meade military base outside Washington where the trial was held....

July 31, 2013 at 1:04 am | News Desk

Spain train driver on phone at time of accident: court

MADRID: The driver of a train that derailed in Spain killing 79 people was speaking on his work phone at the time of the accident and appeared to consult a map, a court said Tuesday after analysing the train’s data recorders. “Minutes before the train came off the tracks he received a call on his work phone to get indications on the route he had to take to get to Ferrol. From the content of the conversation and background noise it seems that the driver consulted a map or paper document,” a court statement said. The News Tribe – UK-based bilingual news website covering politics, technology, sports, health and lifestyle from US, Pakistan, Middle East and around the world Click here for more information The News ...

July 31, 2013 at 1:04 am | News Desk

After Lumia 625, Nokia coming with Lumia 729 soon

London: Nokia recently releases back to back two devices under Lumia flagship, now getting ready to introduce another device under the same flag of Lumia likely Nokia Lumia 729 soon. Nokia have launched some smartphone within short period of time including the Lumia 520, Lumia 620 and the Lumia 720. Now rumors suggest that Lumia 729, which is a Verizon version of the Lumia 720, will hit the shelves. A recent leaked render of the Lumia 729 has emerged online but it remains to be seen just how swiftly Verizon will launch the handset. “It seems Nokia is continuing their low-end assault on the US market, with the latest handset to be revealed being a Verizon version of the Nokia Lumia 720, the Nokia Lumia 729,” reports WMPowerUse...

July 31, 2013 at 1:04 am | News Desk

The Whole World Is Getting Richer, and That's Good News

New data on the size of the world's economies show how much progress the planet has made Click here for more information Businessweek.com -- Most Popular

July 30, 2013 at 3:30 am | News Desk

Hey Merrill Lynch, It's Not a Good Idea to Tell Women to 'Seduce the Boys' Club'

To be successful, "stroke men's egos," right? Click here for more information Businessweek.com -- Most Popular

July 30, 2013 at 3:30 am | News Desk

UK ‘porn’ filter to censor violence, alcohol and more

LONDON: The United Kingdom’s new internet filters will not only block porn but also violence, alcohol, terrorism, smoking and ‘esoteric material’.   According to the digital advocacy organization Open Rights Group’s report cited by Huffington Post, the new “parental controls” will reach far beyond pornography. By default, the controls will block access to “violent material,” “extremist and terrorist related content,” “anorexia and eating disorder websites,” and “suicide related websites.” In addition, the new settings will censor websites that mention alcohol or smoking. The filter will even block “web forums” and “esoteric material...

July 30, 2013 at 3:30 am | News Desk

Apple iPhone 5S release date, price and more

Washington: As Korean giant Samsung continues to dominate the smartphone market with its flagship device Samsung Galaxy S4, American giant plans to regain the smartphone market with its upcoming iPhone probably iPhone 5S. Apple haven’t get same response from the people at the launch of iPhone 5, as they usually get on the launch of previous versions of iPhones. But keeping in mind of the viewers Apple known for wow factor, that’s why everyone has set his eyes for the launch of its first device of the year. Lets we have a brief look at the feature of Apple’s upcoming device iPhone 5S. Display is a key factor for the success of any smartphone gadget, so that’s why Apple has changed the size of the screen in the iPho...

July 30, 2013 at 3:30 am | News Desk

Pope Francis: ‘Who am I to judge’ gay people?

VATICAN CITY: Pope Francis reached out to gay people on Monday, declaring that it is not his place to judge them — while also condemning the Vatican’s reported gay lobby as a “serious problem”. The remarks to journalists as he flew back to Rome from a high-profile trip to Brazil appeared to be more conciliatory towards homosexuals than his predecessor Benedict XVI. “If someone is gay and seeks the Lord with good will, who am I to judge?” the pope asked. “The problem is not having this orientation, it is lobbying. That’s the most serious problem.” The pope had admitted in June that there was a “gay lobby” in the Vatican’s secretive administration, the Roman Curia, acco...

July 30, 2013 at 3:30 am | News Desk

Child pornography: Google declines but Bing, Yahoo launch anti-Pedophilia UK search alerts

British internet users searching for child pornography will now receive pop-up warnings on Bing and Yahoo, a report said. Users searching for keywords tied to child porn, whether in images or text, will be fed pop-up messages telling them child abuse is illegal and containing numbers for counselors. However, Google has declined to add the alerts, which look a bit like those that appear on malware-ridden sites. But Google is also heavily involved in anti-trafficking efforts. A Microsoft spokesperson told The Independent, “If someone in the UK tries to use search terms on Bing which can only indicate they are looking for illegal child abuse content, they will activate the Bing Notification Platform which will produce an on-screen not...

July 30, 2013 at 3:30 am | News Desk

iPad 5 vs Suface Pro 2: Features, specs, release date and price

Washington: As trend of tablet computer goes higher, American giants Apple and software giant Microsoft are coming up with their new gadgets. Both companies haven’t introduced any of its devices yet this year. But they are planning to launch their new tablet respectively iPad 5 and Surface Pro 2 this year. Apple is known for surprising people with its gadgets while Microsoft will be eyeing to grab the tablet market. Here are some specification of Apple’s iPad 5 and Microsoft’s Surface pro 2. Users like to have a fast device that can perform multi task according to user requirement. We already know that Microsoft is working on future models of Surface tablet beyond Core i5. The latest rumors have dubbed the new model of ...

July 30, 2013 at 3:30 am | News Desk