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News Desk
Economic Affairs Editor

News's Articles

Jamaal Charles leaves field, X-rays negative

ST. JOSEPH, Mo: Pro Bowl running back Jamaal Charles left midway through the Kansas City Chiefs’ practice Monday with what coach Andy Reid called a strained foot. X-rays were negative, a report said. Though a source familiar with the injury told ESPN NFL Insider Adam Schefter that Charles is “fine,” another source told ESPN’s Ed Werder that Charles will be re-evaluated Tuesday morning to determine when he’ll be able to return to practice. Charles attended Tuesday’s practice but joined the rest of the injured Chiefs away from the practice field. He wasn’t wearing a boot and didn’t appear to be limping. Charles was participating in an 11-on-11 portion of practice pitting the No. 1 o...

August 14, 2013 at 2:32 am | News Desk

US moves to block US Airways-American Airlines merger

WASHINGTON: The US Justice Department and several states sued Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would cut competition and push fares significantly higher. It said the two could well stand on their own in the business and that combining them would hike ticket prices in an industry already rife with quiet cooperation on fares. The move effectively dragged to a halt the long-pending merger to create the world’s largest airline, as American Airlines and its parent AMR Corp. exit bankruptcy restructuring. The merger “would substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares a...

August 14, 2013 at 1:11 am | News Desk

Pakistan Independence Day 2013: First Islamic nuclear country turns 66

ISLAMABAD: The 66th Independence Day of Pakistan is being celebrated across the country today (Wednesday) as Google has also came up with its interactive doodle to mark the day. The nation is celebrating the day with renewed commitment to safeguarding the country against any threat and rededication towards nation building per the vision of the founding father, Quaid-e-Azam Muhammad Ali Jinnah. The day will dawn with 31 gun salute in the federal and 21 gun salute at the provincial capitals. Special prayers will be offered for the prosperity‚ integrity and solidarity of the country‚ unity of the Muslims and for the success of the long drawn struggle of the Kashmiris after Fajr prayers. It will be a public holiday througho...

August 14, 2013 at 1:11 am | News Desk

Samsung Galaxy Note 3, Apple iPhone 5S and Nokia Lumia 1080p coming in September?

WASHINGTON: Just the few months remaining in the end of this year, technological giants Samsung, Apple and Nokia coming up with their new devices in September. (more…)

August 14, 2013 at 1:11 am | News Desk

Lionel Messi and Mario Balotelli to miss prestige friendly

MADRID: World Player of the Year Lionel Messi and Italian star Mario Balotelli have both been ruled out of the prestige friendly between Argentina and Italy on Wednesday after pulling out injured. Messi’s club Barcelona confirmed on Tuesday that the 25-year-old is suffering with a strain in his left leg while Balotelli’s problem looks more serious after picking up a knee problem that could deprive him a place for AC Milan’s crunch Champions League qualifier against PSV Eindhoven on August 20. The former Manchester City striker was training with the Italian team during a visit from Pope Francis close to the Vatican when he broke down. The 76-year-old pontiff who hails from Buenos Aires but is the son of Italian parents is...

August 14, 2013 at 1:11 am | News Desk

Amazon Android gaming console likly to debut this year

WASHINGTON: As Sony is gearing up to launch 4th version of its flagship gaming device Sony PlayStation 4 (PS4), now Amazon step up to compete with Sony and Microsoft with its upcoming device. According to new report Amazon is developing its own Android based gaming console which will likely to go against Microsoft Xbox One and Sony PlayStation 4 (PS4). The company is planning to release the device by the end of this year. After starting out as an online bookstore back in 1995, Amazon has become one of the world’s largest retailers. After a few years the company decided it would return to its book roots with its Kindle e-book reader in 2007. It followed what Apple did with the iPod and iTunes, i.e. sell its own hardware that conveni...

August 14, 2013 at 1:11 am | News Desk

Hyperloop Physics 101 With Elon Musk

Innovative physicist Musk shares details of the Hyperloop and explains why its linear acceleration technology can't boost SpaceX Click here for more information Businessweek.com -- Most Popular

August 13, 2013 at 3:23 am | News Desk

It's Almost Time for a New IPhone

Apple is reportedly planning to release its next generation of iPhone on Sept. 10. It will run on iOS7 and may have a fingerprint scanner Click here for more information Businessweek.com -- Most Popular

August 13, 2013 at 3:23 am | News Desk

Revealed: Elon Musk Explains the Hyperloop, the Solar-Powered High-Speed Future of Inter-City Transportation

His idea for moving people, and perhaps cars, at super speeds along major corridors appears based on known technology Click here for more information Businessweek.com -- Most Popular

August 13, 2013 at 3:23 am | News Desk

PTI ready for legal battle against Fazlul Rehman

Lahore: Pakistan’s second largest political party PTI has prepared a legal notice against Founder JUI (F) for calling Imran Khan Agent of Jews. Earlier, Maulana claimed that Imran Khan was agent of Jews and further said that a Jewish lobby is working behind the former cricketer turned politician. PTI Chairman too decided to take Fazlul Rehman to court for defaming his name. According to sources, PTI has prepared a legal document which has been prepared by the former President Supreme Court Bar Association and PTI leader Hamid Khan. In the notice, it has been said that it is being issued for defamation of PTI Chairman Imran Khan. The News Tribe – UK-based bilingual news website covering politics, technology, sports, health ...

August 13, 2013 at 2:46 am | News Desk

China to build two nuclear power plants of 1100MW each in Karachi

Islamabad: China has always been a true friend of Pakistan since 1951. Over the years both countries have provided support to one another during their times of crises. China has contributed majorly over energy and defence sector. According to a local newspaper, Pakistan and China are set to undergo installation of two new nuclear power plants. Pakistan and China initially signed a deal worth $ 6.5 billion during Nawaz Sharif’s visit to China. For the purpose of installation, China’s Import and Export Bank will play its role. These power plants will be able to generate 1100 mega watt each. Earlier, in 1968, Kanupp 1 was introduced which had a capacity to generate 137 Mega Watt and was revived in 2004 by the Pakistani enginee...

August 13, 2013 at 2:46 am | News Desk

Shalimar Express Train stopped near Ghotki on Bomb hoax

GHOTKI: Shalimar Express Train was evacuated following a bomb hoax in the train near Ghotki district of Sindh province. According to official sources, someone has warned that a bomb was planted in the train. Following the tip, police officials stopped the train and called in bomb disposal squad to check any explosive material. Following a thorough checking, the squad cleared the train. However, Railways police says that train would be let go once all passengers have undergone body search. 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 Tribe

August 13, 2013 at 2:45 am | News Desk

Samsung Galaxy Note 3 coming with Android Jelly Bean 4.3

Seoul: South Korean technological giant Samsung gearing up to launch Samsung Galaxy Note 3 with Latest Android 4.3 Jelly Bean. According to SamMobile, who reveal the news via a Twitter post. “Samsung Galaxy Note III will ship with Android 4.3 out of the box. Samsung has just started testing Android 4.3 internally,” tweeted SamMobile. Samsung’s CEO, JK Shin, has already confirmed that the company will launch the Galaxy Note 3 at the IFA Berlin event scheduled for early September this year. The company has also sent out press invites for its Unpacked event on Sept. 4 where the much-awaited Galaxy Note 3 is expected to make its appearance. The Galaxy S4 was the first Android smartphone to have Android 4.2 Jelly Bean pre-lo...

August 13, 2013 at 2:45 am | News Desk

Indians evil designs against Pakistan won’t be successful, warns Rasheed

Karachi: Founder Awami Muslim League has warned India on its evil intentions against Pakistan. If India thinks it can attack, it is highly mistaken. “If India resorts to war it will neither hear temple bells ringing nor would there be any grass or birds remaining. Our defence comprises of 70% of missiles and 30% of aviation. On the other hand, India’s assets depend upon 70% of aviation and 30% missiles”. Talking to a local TV Rasheed said, “No territory of India is far from our reach except Assam. Pakistan and India both must live as peaceful neighbours and avoid creating tensions for one another or both will suffer”. He further claimed that terrorism in Balochistan is because of the support of Indian agenc...

August 13, 2013 at 2:45 am | News Desk

Secure E-Mail Companies Say There’s No Such Thing Anymore

Obama tried to reassure Americans they could trust him on electronic surveillance. But two secure e-mail providers decided to destroy their data rather than hand it over Click here for more information Businessweek.com -- Most Popular

August 12, 2013 at 3:55 am | News Desk

An AOL Employee Was Publicly Fired During a Conference Call

The news site's creative director was reportedly sacked by CEO Tim Armstrong after taking out his camera during the call Click here for more information Businessweek.com -- Most Popular

August 12, 2013 at 3:55 am | News Desk

French finance minister says no revision in growth forecast

PARIS, France:  French Finance Minister Pierre Moscovici said on Sunday that there has been “no change” in the country’s 2013 growth forecast, after it appeared the figure had been revised downward. “There was no change in the growth forecast as I have read it,” the minister told journalists in Paris. “I have not made any revision on the forecast of growth in France,” he said. Moscovici was responding to reports of an interview published Saturday with Nice Matin newspaper in which he estimated that growth of France’s gross domestic product (GDP) this year would end up somewhere between -0.1 percent and 0.1 percent. “We know the trends and this year growth will be weak and between ...

August 12, 2013 at 3:55 am | News Desk

Chaudhry Nisar wishes ‘weapon-free’ Quetta

QUETTA: Pakistan Minister of Interior Chaudhry Nisar said that we can convert the provincial capital of Balochistan into weapon-free state after taking permission with political powers. The interior minister reached to Quetta on official one-day visit over worsening law and order situation after a serious of terrorists’ attack in the city. While talking to media jointly with Chief Minister Balochistan Abdul Malik Baloch, Chaudhry Nisar said that war of terrorism was imposed on Pakistan before 13 years and the country is facing attacks from unseeable enemies. Nisar said that we will control terrorism soon as our morale is very high. Chaudhry Nisar added that federal government is cooperating with Balochistan’s provincial admi...

August 12, 2013 at 3:55 am | News Desk

Final round of PGA Championship: Live Report

ROCHESTER, New York: 2140 GMT: LEADERBOARD: -11 DUFNER; -9 FURYK, STENSON; -7 BLIXT; -6 SCOTT Stenson had a 12′ eagle look on 13, but had to settle for a birdie. Blixt made his third shot from the greenside bunker, but still managed a birdie. 2130 GMT: LEADERBOARD: -11 DUFNER; -9 FURYK; -8 STENSON; -6 SCOTT, BLIXT; -5 JOHNSON, PIERCY Scott bogeys the 13th. Back on 12 Stenson make par. Dufner pars 12 after a putt attempt that looked amazing on approach, but broke just away from the hole. Furyk also misses on a difficult putt attempt, but makes par. 2121 GMT: The 12th is the third easiest hole of the week. Three-to-one birdies to bogeys today. Stenson is unable to make the birdie put. On the par-5 13th, Scott keeps finding the deep gr...

August 12, 2013 at 3:55 am | News Desk

‘Imran Khan prefers participation in animals’ conference instead of humans’

SUKKUR: Opposition Leader in National Assembly and prominent leader of Pakistan People’s Party (PPP) Syed Khursheed Ahmed Shah expressed anger over Pakistan Tehrik-e-Insaf (PTI) chairman, said that Imran Khan preferred to participate in conference for animals over millions of Pakistanis. The opposition leader alleged that Imran Khan is basic responsible for the postponement of All Parties Conference (APC) as h preferred attending animal rights conferences instead of humans which reflects his initiative against millions of Pakistani people. While talking to media in Sukkur, Khursheed Shah said that the persons involved in bloodshed can’t be called Muslims in any means. Shah outraged over federal rulers by saying that governm...

August 12, 2013 at 3:55 am | News Desk