News Desk, Author at Economic Affairs - Page 161 of 210Economic Affairs

News's Articles

Spurs ‘can’t force Bale to stay’ – director

LONDON: Real Madrid were given renewed hope in their pursuit of Tottenham Hotspur winger Gareth Bale on Tuesday when a Spurs director admitted they cannot hold onto him against his will. Madrid manager Carlo Ancelotti said last week that his club was in talks with Tottenham over Bale’s transfer but Spurs manager Andre Villas-Boas says the former Southampton player is not for sale. However, although club director Keith Mills says Spurs “very much want Bale to stay”, he accepts that the London side cannot force the player to remain at White Hart Lane against his wishes. “If a player is desperate to leave, it’s very difficult to force him to stay,” Mills told London’s Evening Standard newspaper. &ldq...

August 7, 2013 at 1:01 am | News Desk

German industrial orders rebound strongly in June

BERLIN: German industrial orders, a key measure of demand for goods at home and abroad, rose 3.8 percent in June from the level in May, the economy ministry said on Tuesday. The increase, after two months of falling orders, spells a boost for the country’s key manufacturing sector as Europe’s biggest economy recovers from a decline late last year amid the eurozone crisis. The seasonally-adjusted June rise was mainly due to some big-ticket orders, including at the Paris air show, said the ministry. Without major contracts, orders declined 0.7 percent. Capital goods orders in June rose 6.8 percent while orders for consumer and semi-finished goods fell slightly, by 0.2 percent each. Overall, domestic orders were up 3.3 percent an...

August 7, 2013 at 1:01 am | News Desk

15-tonne ‘fatberg’ dredged from London sewers

LONDON: A 15-tonne ball of congealed fat — dubbed Britain’s biggest ever “fatberg” — has been dredged up from a London sewer, utility company Thames Water said Tuesday. It took 10 days to remove the double-decker bus-sized lump of festering food fat mixed with sanitary wipes which formed in drains under a major road in Kingston, southwest London. The colossal “fatberg” was discovered when local residents in the well-to-do suburb complained that their toilets would not flush. Had it not been removed, the blockage could have led to raw sewage flooding homes, streets and businesses, Thames Water said. “While we’ve removed greater volumes of fat from under central London in the past, we&rs...

August 7, 2013 at 1:01 am | News Desk

To Figure Out Where Real Estate Is Headed, Start Driving

Metrostudy gets the lowdown on the market through firsthand observation of new home developments Click here for more information Businessweek.com -- Most Popular

August 6, 2013 at 3:06 am | News Desk

Turkey court sentences ex-army chief to life in mass coup trial

SILIVRI, Turkey: A Turkish court on Monday sentenced a former army chief to life in prison in a high-profile trial of 275 people accused of plotting against the Islamic-rooted government, a verdict that sparked angry protests in the streets. Police fired tear gas and water cannon at thousands of protesters outside the court after the verdicts, which resulted in lengthy prison sentences for most of the accused, including top brass, journalists and opposition lawmakers. The trial was seen as a key test in Prime Minister Recep Tayyip Erdogan’s showdown with secularist and military opponents during his decade-long rule. Ex-military chief Ilker Basbug, several other army officers as well as reporter Tuncay Özkan and lawyer Kemal Ker...

August 6, 2013 at 2:08 am | News Desk

Law keepers found involved in electricity theft

ISLAMABAD: Campaign against electricity and gas thieves is continued in Islamabad and Rawalpindi by Federal Investigation Agency (FIA) and dozens of police officials found involved in power theft cases. Energy crisis declared to be the most significant issue in Pakistan while surprising facts revealed during the drive for capturing the responsible. Senior law keepers found associated in electricity theft in twin cities of Pakistan while two private hostels were using illegal gas and power. FIA team cut down electricity connection of at least 161 flats in G-6 area of Islamabad during a raid where Police officials were living for last four years and they were using the energy resource without reading meter. The investigation team discover...

August 6, 2013 at 2:08 am | News Desk

Pakistan’s ‘Burka Avenger’ set to go global

RAWALPINDI, Pakistan: Pakistan’s new cartoon superhero who fights bad guys disguised in a flowing black burka is set to go global, her creator told AFP, with plans afoot to broadcast the show in 60 countries. The Urdu-language animation “Burka Avenger”, showing the adventures of a mild-mannered teacher who uses her superpowers to fight local gangsters trying to close down the girls’ school where she works, hit Pakistani TV screens last month. The kids’ action-comedy struck a chord in a country where Taliban militants have prevented thousands of girls from going to school in the northwest and attacked activists campaigning for their education. The man behind “Burka Avenger”, pop star Haroon Rashid,...

August 6, 2013 at 2:08 am | News Desk

Microsoft cuts price of high end Surface tablets

NEW YORK: Microsoft on Monday knocked $100 off the price of high-end versions of its Surface tablet, which is competing against Apple’s iPad and devices that use Google’s Android system. The software giant’s online store is offering US consumers the Surface Pro for $799 or $899, depending on memory capacity, down from $899 and $999 respectively. “We’ve been seeing great worldwide success with Surface RT pricing and keyboard-cover promotions over the past several months and are proud to offer Surface Pro at more affordable prices,” Microsoft said in an email response to an AFP inquiry. “People who buy Surface love Surface, and we’re eager for more people to get their hands on Surface and shar...

August 6, 2013 at 2:08 am | News Desk

Swimming, granny’s remedies ‘keep Vladimir Putin young’

MOSCOW: The secrets of Russian President Vladimir Putin’s buff physique and youthful appearance are the result of herbal health remedies and swimming regularly to combat stress, his doctor revealed Monday. Putin “doesn’t look his age,” the Kremlin’s top doctor Sergei Mironov told Russian weekly Itogui, chiefly because the 60-year-old is “sceptical about medication.” Russia’s strongman “prefers grandmother’s remedies: tea with honey, the sauna or massage” to keep him looking young, complemented by regular swimming and taking care to get enough sleep, Mironov said. Although the president flew “more than the average pilot,” he sleeps while onboard, Mironov added. D...

August 6, 2013 at 2:08 am | News Desk

Apple iPad 5 features, price and all you want to know

Washington: As American giant Apple shock the people at the launch of iPad 4, now gearing up to launch fifth version of its flagship device likely iPad 5. Everyone has set the eyes on the first device of American giant for 2013 comes closer. Apple enjoy the great response at the launch of iPad 4 now company expecting to get the same response on the launch o iPad 5. Specs of iPad 5, however, seem to be really interesting: The user in the market demands faster device. Apple keeping in view the demands of users is working on Quad Core A7 chip. The chip will allow the users to play games swiftly and they can perform tasks within no time. Screen plays a vital role in the success of the tablet gadgets. iPad 5 is expected to have a 9.7 inch scr...