The electric-car maker can’t seem to make enough of its high-end Model S sedans Click here for more information Businessweek.com -- Most Popular
August 9, 2013 at 3:04 am | News Desk
JOHANNESBURG: Revellers at a South African outdoor rock festival no longer need to queue to slake their thirst — a flying robot will drop them beer by parachute. After clients place an order using a smartphone app, a drone zooms 15 metres (50 feet) above the heads of the festival-goers to make the delivery. Carel Hoffmann, director of the Oppikoppi festival held on a dusty farm in the country’s northern Limpopo province, said the app registers the position of users using the GPS satellite chips on their phones. “The delivery guys have a calibrated delivery drone. They send it to the GPS position and drops it with a parachute,” he explained. The drone was built in South Africa and nicknamed “Manna” after...
August 9, 2013 at 2:46 am | News Desk
NEW YORK: US banking giant JPMorgan Chase said Thursday it is facing parallel civil and criminal investigations over its sale of mortgage-backed securities before the financial crisis. JPMorgan disclosed in a securities filing that in May it was notified by the civil division of the US Attorney’s Office for the Eastern District of California stating that it had preliminarily concluded that the bank “violated certain federal securities laws” in connection with the subprime mortgage-backed securities offered over 2005-2007. The filing described a federal criminal inquiry in parallel to the civil investigation, but did not provide further details. The filing went on to say that JPMorgan is responding to “a number of s...
August 9, 2013 at 2:46 am | News Desk
NICOSIA: A roadmap was announced Thursday to lift capital controls in force since March but without a clear timeline for when they will be scrapped, as the EU state battles its economic crisis. Under the finance ministry’s terms, it could take a year or two before the free movement of capital – outside and inside Cyprus – is allowed. The eurozone’s first and only capital controls were introduced when the Cyprus banking system threatened to collapse as an international troika of lenders imposed harsh bail-in terms in return for a EUR10 billion bailout ($13.3 billion). “The restrictive measures were enforced to ensure the stability of the financial system and to safeguard public order,” the finance minist...
August 9, 2013 at 2:46 am | News Desk
ISLAMABAD: Pakistani Prime Minister Nawaz Sharif has said that Pakistan and Indian ties are very important for region’s stability, and we want to restore relation with India. After Line of Control (LoC) violations between Indian and Pakistan, an important meeting was held at foreign office Islamabad with the Prime Minister in chair, on Thursday. During the meeting, foreign secretary Jalil Abbas Jilani briefs Nawaz Sharif regarding Indian armed forces unprovoked firing on Pakistani army. Foreign secretary also informed about protest outside the Pakistan high commission and Pakistan house in India. “Indian opposition is trying to sabotage Pakistan and Indian Prime Ministers meeting, which is due in September at New York”, ...
August 9, 2013 at 1:34 am | News Desk
Lahore: Boom Boom’s got to wait! Let Chennai Express pass through. This is what Lollywood movie “Main Hoon Shahid Afridi” to go through. The makers of the film have delayed the release at the eleventh hour due to the release of SRK movie Chennai Express. On the other hand, writer of the film, Wassay Chaudhry says that it is due to the demise of film editor Azam Khan and we couldn’t get the final prints on time. Nonetheless, critics say that it may because of failure to implement the rule to display Pakistani films this Eid. 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 in...
August 9, 2013 at 1:34 am | News Desk
KARACHI: After a month of spiritual month of Ramadan, Pakistanis are going to celebrate the biggest event of the year as Reut e Hilal Committee pronounce sighting of Shawal or Eid al Fitr 2013 moon. (more…)
August 9, 2013 at 1:34 am | News Desk
DELHI: Muslims of the second largest country in the country, India, will celebrate Eid ul Fitr 2013 on Friday as Shawwal moon sighted. The Muslims of the country will be having big gatherings of Eid prayer and would celebrate the event with traditional zeal and fervour. Muslims across the globe including Saudi Arabia, United States, Canada, South America, United Arab Emirates, Qatar and other Middle eastern countries. 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 9, 2013 at 1:34 am | News Desk
KARACHI: Rangers have arrested a possible suicide bomber of banned outfit, Tehreek e Taliban Pakistan from Manghopir area of Karachi. Rangers officials revealed that a suicide jacket stuffed with 10-kg explosive material and a TT pistol was recovered from the alleged terrorist, who was arrested from Kanwari Colony. The attacker was planning to hit prominent personalities of the port city of the country. Security has been on high alert in the city as Eid ul Fitr 2013 is likely to be celebrated in the country on Friday. 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 9, 2013 at 1:33 am | News Desk
New York Attorney General Eric Schneiderman has forced GrubHub and Seamless to cede some space in their dominance over online food delivery Click here for more information Businessweek.com -- Most Popular
August 8, 2013 at 3:38 am | News Desk
Many borrowers could benefit from enrolling in an income-based repayment plan, if only their loan servicers would publicize it Click here for more information Businessweek.com -- Most Popular
August 8, 2013 at 3:38 am | News Desk
Etisalat has announced several Eid offers for its customers, including access to a discounted international call package and free viewing of its eLife TV channels for 10 days. Etisalat’s prepaid subscribers can benefit from the international minute bundle, allowing them to call over 200 destinations at a special rate to exchange good wishes over the three days of Eid Al Fitr. How to subscribe: To subscribe, customers would have to send a toll-free sms “Eid” to 1012. They will be credited with 30 international minutes against a fee, which will be deducted from their credit balance. Customers can purchase more than one bundle within the offer validity period. Once the bundle minutes have been exhausted, any usage would b...
August 8, 2013 at 2:33 am | News Desk
LAHORE: Pakistan Tehrik-e-Insaf central spokesperson Dr Shireen Mazari has stated that PTI had the highest regard and admiration for Justice (retd) Bhagwandas for appointment on National Accountability Bureau (NAB)’s key post. Mazari stated the PTI stance through PTI’s official website on the appoint of Justice Bagwadas on NAB chairman’s post However, Dr Mazari added, PTI’s position is that making individual-specific alterations in the laws/Constitution is not acceptable as it undermines norms, rules and procedures for the future by setting a precedence that others may exploit politically. Therefore, Dr Mazari concluded, to seek to alter prevailing norms in order to accomodate Justice (retd) Bhagwandas as NAB cha...
August 8, 2013 at 2:33 am | News Desk
RIYADH: Elite body of the Kingdom of Saudi Arabia has formally announced the Eid ul Fitr moon sight on Wednesday, which marks the end of Holy Ramadan (fasting) month. Muslims across the kingdom and those follow Saudi Arabia’s timeline in the religious event including Middle East, United Arab Emirates (UAE), African countries, some parts of United Kingdom (UK), United States of America (USA) while excluding Pakistan, Bangladesh, India has been greeted by the announcement of Eid ul Fitr celebration on Thursday as Ramadan month ended. One of the biggest religious festivals of the World, Eid ul Fitr, is celebrated by the Muslims’ during their Islamic lunar calender’s month of Shawwal’s 1st date of Shawwal till 3rd. S...
August 8, 2013 at 2:33 am | News Desk
Lahore: Pakistan Tehreek-e-Insaf is going to speed up its campaign for by-elections to be held on 22nd. Chairman PTI, Imran Khan will chair meetings related to it. Imran Khan will also be in a 3 day visit to different parts of Punjab, where he will address the party workers and campaigning. Earlier, PTI finalized the names of the contestants of by-elections that include: By-Elections for NA seats NA 1 Peshawar: Gul Bacha Khan NA 5 Nowshera: Dr Imran Khattak NA 24 Tank: Dawar Kundi NA 48 Islamabad: Asad Umar NA 68 Sargodha: Nazir Somi NA 71 Mianwali: Ayla Malik NA 83 Faisalabad: Faiz Ullah Kamoka ...
August 8, 2013 at 2:33 am | News Desk
ISLAMABAD: Pakistan Foreign Affairs department has called on Indian Deputy High Commissioner into its office on Wednesday pertaining attacks on Pakistan’s High Commission in New Delhi. Pakistan’s FO has avoided condemnation words for the protestors’ attack on its High Commission in the federal capital of India but urged to tighten the security measures. FO spokesperson said that the deputy high commissioner was called in the office to convey message for provision of maximum security to Pakistani diplomatic staff in India as it is the responsibility of Indian government. Pakistan’s Foreign Affairs department took recent step just after receiving information about today’s protestors’ attack carried out ...
August 8, 2013 at 2:33 am | News Desk
A half-billion-dollar ad campaign is said to support Motorola’s new Moto X. But with Apple and Samsung spending billions on ads, will that be enough? Click here for more information Businessweek.com -- Most Popular
August 7, 2013 at 3:57 am | News Desk
BEIJING, China: A baby boy allegedly sold by the doctor who delivered him in China has been reunited with his parents, state media reported Tuesday, in a case highlighting the problem of child trafficking. Zhang Suxia, the doctor responsible for the birth in northwestern China’s Shaanxi province, allegedly persuaded the parents to give up their child last month after informing them he had serious congenital diseases, the China Daily reported. Zhang and two other suspects were detained, the report said, and police discovered the baby at the house of a farmer in the central province of Henan, where three more suspects were held. The baby was reunited with his mother Dong Shanshan and father Lai Guofeng on Monday in Fuping, Shaanxi, th...
August 7, 2013 at 1:36 am | News Desk
TEHRAN: President Hassan Rowhani said Tuesday that Iran was ready for “serious” talks on its nuclear programme without delay and that US calls for tougher sanctions showed a lack of understanding. Addressing his first news conference since taking office on Saturday, Rowhani said that he would not surrender Iran’s rights but that he wanted to allay Western concerns. “As the president of the Islamic republic, I am announcing that there is the political will to solve this issue and also take into consideration the concerns of the other sides,” he said. “We are the people of interaction and talks, with seriousness and without wasting time, if the other sides are ready.” Rowhani headed Iran’s nuc...
August 7, 2013 at 1:01 am | News Desk
HAMBANTOTA, Sri Lanka: Sri Lanka won the final Twenty20 international against South Africa by six wickets in Hambantota on Tuesday to retain their number one ranking in the shortest format. Sri Lanka put on a spirited chase of South Africa’s commanding 163-3 and won with 11 balls to spare as Tillakaratne Dilshan hit an unbeaten 74 off 51 balls. South Africa won the series 2-1. Sri Lanka would have slipped to number three behind Pakistan and South Africa had they been whitewashed 3-0. 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 7, 2013 at 1:01 am | News Desk