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News Desk
Economic Affairs Editor

News's Articles

SAC Capital May Face Criminal Charges

Indicting a company instead of a person is unusual but was used in the Arthur Andersen (Enron) and Tiger Asia Management cases Click here for more information Businessweek.com -- Most Popular

July 25, 2013 at 5:55 am | News Desk

George Zimmerman's Acquittal: Four Blunt Observations

Zimmerman was at fault for killing Trayvon Martin, and other conclusions Click here for more information Businessweek.com -- Most Popular

July 25, 2013 at 5:55 am | News Desk

Why You Probably Won't Remember the 787's Rough Start

Each flight incident involving Boeing's 787 Dreamliner garners huge headlines now, regardless of how modest the problem. And there's a reason for this Click here for more information Businessweek.com -- Most Popular

July 25, 2013 at 5:55 am | News Desk

BREAKING: Apple releases developer system new status update

SAN FRANCISCO: One of the leading technology giant in the world Appls has been releases new status update regarding developer system of the company. Apple also announced that the company has created  status page to display the availability of company’s systems, currently down due to hacking attempt. Here is what Apple says in it’s recent system alert: “We apologize for the significant inconvenience caused by our developer website downtime. We’ve been working around the clock to overhaul our developer systems, update our server software, and rebuild our entire database. While we complete the work to bring our systems back online, we want to share the latest with you. We plan to roll out our updated system...

July 25, 2013 at 5:55 am | News Desk

25 percent Pakistani believe political talk shows on TV channels spread false news

ISLAMABAD: Twenty Five percent Pakistani believe that political talk shows on TV channels spread false news while 66% believe that they provide credible content. According to a Gilani Research Foundation Survey carried out by Gallup Pakistan, 66% Pakistanis believe that Pakistani political talk shows on TV channels provide credible information; 25% believe they spread false news. A nationally representative sample of men and women from across the four provinces was asked “In your opinion, do Pakistani political talk shows broadcasted on different TV channels provide credible information about various politics issues?” Responding to this, 66% said the information provided by talk shows was correct and 25% said they provided mis...

July 25, 2013 at 5:55 am | News Desk

Queen meets Britain’s new baby prince

LONDON: Britain’s Queen Elizabeth II met her newborn great-grandson for the first time at Kensington Palace on Wednesday, before Prince William and his wife Kate took the baby to the comforts of the Middleton family home. The 87-year-old monarch spent just over half an hour at the palace in London where the young couple spent the first night after leaving hospital with the still-unnamed infant, who is third in line to the throne. The queen has said she is “thrilled” about the latest addition to the family, who will one day succeed her as head of state of Britain and monarch of 15 Commonwealth realms around the globe. A few hours later, the Duke and Duchess of Cambridge took the little prince to stay with his maternal gra...

July 25, 2013 at 5:55 am | News Desk

Pope decries money ‘idol’ in first Brazil mass

APARECIDA, Brazil: Pope Francis led Wednesday his first mass since returning to his native Latin America, warning the faithful against “ephemeral idols” like money and power at Brazil’s most revered shrine. (more…)

July 25, 2013 at 5:54 am | News Desk

China invests in Ring road, Mono Rail & Metro projects in Punjab

LAHORE: Pakistan Muslim League N (PML-N) Punjab’s government has inked another Memorandum of Understanding with Chinese firm. According to TheNewsTribe’s correspondent from Pakistan’s second largest city Lahore, the MoU regarding construction of Western Loop of the Ring Road Lahore was signed between Punjab government and international Chinese company, China Civil Engineering Construction Corporation. Chairman Ring Road Authority and Director Overseas Corporation of China Civil Engineering Construction Corporation signed the document. Punjab Chief Minister Muhammad Shahbaz Sharif, Provincial Minister for Housing, Chief Secretary, Chairman Planning & Development, Secretary Communication & Works, Director General L...

July 25, 2013 at 5:54 am | News Desk

Google rolls out new Nexus tablet

SAN FRANCISCO: Google on Wednesday unveiled a slim, powerful new Nexus tablet computer, fielding a new Android-driven champion to challenge iPad maker Apple. The seven-inch tablet made by Taiwan-based Asus and bearing the Google Nexus brand is designed to be easily slipped into a pocket or handbag and allow easy access to rich online content or services. Nexus 7 is about two millimeters thinner and slightly narrower than its predecessor, which was released a year ago. “It actually makes a huge difference when holding it in one hand; it fits more easily in a purse or jacket,” Android vice president Hugo Barra said after pulling a new Nexus 7 from a rear pocket of his pants. Nexus 7 has a high-definition screen and speakers that...

July 25, 2013 at 1:07 am | News Desk

Edward Snowden remains at Moscow airport: lawyer

MOSCOW:  US fugitive intelligence leaker Edward Snowden is still in the transit zone at a Moscow airport and his future plans are uncertain, a lawyer said after meeting him on Wednesday. “He is staying here… He is here in the transit zone” at Sheremetyevo airport, pro-Kremlin lawyer Anatoly Kucherena told reporters after meeting Snowden inside the area. His comments dashed expectations that Snowden, who last week applied for asylum in Russia would leave the airport Wednesday after reports said he would receive a document allowing him free movement. Kucherena denied that he had been given any such document that would allow him to leave the transit zone as an official asylum seeker “As of today, this document h...

July 25, 2013 at 1:07 am | News Desk

Habana ‘excited’ by new Toulon challenge

TOULON, France: Toulon’s new headline recruit, South African winger Bryan Habana, said on Wednesday he was excited at joining the European champions on a two year deal. The 2007 world champion could make his first appearance for the Top 14 side as early as Friday in a pre-season friendly against Bordeaux-Begles. At his official unveiling the holder of the Springboks try scoring record of 50, said: “Toulon is a new challenge, a new environment, it’s exciting.” Toulon president Mourad Boudjellal added: “He may start for us earlier than expected, it’s possible he could put on the shirt on Friday evening.” The 30-year-old Habana’s move to Toulon was thrashed out back in January when he was playi...

July 25, 2013 at 1:07 am | News Desk

Kate, William reveal royal baby’s name Prince George Alexander Louis

LONDON: Duke William and Duchess of Cambridge Catherine Middleton revealed the name of the royal baby with two middle names, Prince George Alexander Louis, on Wednesday. “The Duke and Duchess of Cambridge are delighted to announce that they have named their son George Alexander Louis. The baby will be known as His Royal Highness Prince George of Cambridge,” the palace said in a statement. The name’s announcement comes a day after the duchess left hospital and two days after she gave birth to the third in line to the throne. George was the most popular name with betting firms William Hill, Coral and Paddy Power. James was also a favourite with punters, with Alexander, Henry, Louis, Richard and Arthur the next most popu...

July 25, 2013 at 1:07 am | News Desk

PML-N, PTI signal for joint presidential candidate

ISLAMABAD: Pakistan Tehrik-e-Insaf (PTI) presidential candidate, Justice (Retd) Wajihuddin Ahmed signaled on Wednesday for a joint presidential candidate with Pakistan Muslim League Nawaz (PML-N). Justice (Retd.) Wajihuddin Ahmed has been nominated for presidential candidate from PTI while PML-N selected Mamnoon Hussain for the top post of the country. Wajihuddin said that Pakistan Tehrik-e-Insaf will give positive response if Pakistan Muslim League Nawaz shows interest. It is pertinent to note, Supreme Court of Pakistan has ordered today to hold presidential election on July 30 instead of August 6. The process of contacting the political parties is continued after the announcement of presidential election schedule. Pakistan People&rsqu...

July 25, 2013 at 1:07 am | News Desk

Don't Forget the Royal Mother

The diarist Samuel Pepys would not recognize the world of the Queen's first great-grandson Click here for more information Businessweek.com -- Most Popular

July 24, 2013 at 3:17 am | News Desk

Netflix's Earnings Chat Won't Win Any Emmys

Watching an interviewee find new ways to say “no comment” gets tedious fast Click here for more information Businessweek.com -- Most Popular

July 24, 2013 at 3:17 am | News Desk

More Evidence That Colleges Are Giving Money to Those Who Need It Least

Scholarships are more generous for wealthier families Click here for more information Businessweek.com -- Most Popular

July 24, 2013 at 3:17 am | News Desk

Pakistan blocks access to famous atheist Richard Dawkins website

The authorities in Pakistan have flicked the switch on world’s famous atheist Richard Dawkins website. The website is now censored for unknown reasons. All around the world governments are ordering Internet service providers to hide away content they feel is unsuitable for their citizens’ consumption. China blocks thousands of websites on political and social grounds and web blocking of torrent and other file-sharing sites is becoming a regular occurrence around Europe. Finally, another casualty of the crackdown is the website of Richard Dawkins, who was informed of the block earlier today on Twitter and responded with a retweet. There’s been no confirmation as to why Dawkins has been targeted, but his stance towar...

July 24, 2013 at 2:03 am | News Desk

Kate, William thank hospital as world waits to see royal baby

LONDON: Britain’s Prince William and his wife Kate on Tuesday thanked staff at the hospital where their baby son was born, as the world waited for a name and hopefully a glimpse of the future king. Palace officials said mother, father and the new third in line to the throne were “doing well”, while the Duke and Duchess of Cambridge praised the “tremendous care” they received at St Mary’s Hospital in London. The family were expected to leave the hospital either on Tuesday evening or on Wednesday — at which point the international media will likely get the eagerly awaited first picture of the child. Congratulations have poured in from around the globe for the baby, a great-grandchild of Queen Elizab...

July 24, 2013 at 2:03 am | News Desk

Turkey raises overnight rate to support economy

ANKARA: The Turkish central bank raised its overnight rate by 0.75 percentage points to 7.25 percent on Tuesday, as it fights to support its currency from a flight of foreign capital. But the bank held its key rate at 4.5 percent, the level to which it was reduced in May. But a week ago, the bank hinted that it might now have to tighten monetary policy to shore up the lira. “If necessary, more measures will be taken,” the bank said. Turkey has achieved strong economic growth in the last decade after severe financial crisis and IMF rescues, and is now an economic powerhouse in its region. The economy is estimated to be about the 17th-biggest in the world. But it is also extremely vulnerable to rapid flows of foreign capital and...

July 24, 2013 at 2:03 am | News Desk

Moyes’s United humbled in Japan

YOKOHAMA, Japan: Manchester United stumbled to a 3-2 defeat against Japan’s Yokohama Marinos Tuesday in their second loss in three games under new manager David Moyes. The English champions fell behind after only a minute but they recovered to lead 2-1 heading into the second half thanks to Jesse Lindgard’s strike and a Yokohama own goal. However, Fabio Aguiar headed the scores level before Yoshihito Fujita’s winner three minutes from time removed further gloss from United’s pre-season Asian tour. “We had a chance to finish off the game at 2-1 and had a great chance to make it 3-1, and we thought we had chances after that as well but we didn’t take them. So it was a tough game,” said Moyes. &ldquo...

July 24, 2013 at 2:03 am | News Desk