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Archive for the 'News And Events' Category.
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It’s no longer Peter, minister

Tuesday, October 14th, 2008

Commerce and Industry Minister Kamal Nath may from now on have to address his old friend on the global stage Peter Mandelson as the Baron of Hartlepool and Foy.
If he really wants to be formal, the Indian minister can call Mandelson by his full designation: Baron Mandelson of Foy in the County of Hertfordshire and [...]

Exit poll: conservatives ahead in Lithuania vote

Monday, October 13th, 2008

A conservative opposition party won the most votes Lithuania’s election, but strong support for populist groups set the stage for tricky coalition talks, an exit poll and partial results showed.
The parliamentary vote Sunday, which came as the Baltic country’s economy slumps after years of spectacular growth, appeared to spell the end for Prime Minister Gediminas [...]

Iran summons British envoy over freeing of gunman

Monday, October 13th, 2008

Iran’s Foreign Ministry has summoned Britain’s ambassador to protest the release from prison of the only surviving member of a group of gunmen who seized the Iranian embassy in London in 1980, media said on Monday.
British newspapers reported on Friday that Fowzi Nejad, 50, would be freed within days after serving 27 years in jail.
Iran’s [...]

UBS turns a corner, predicting profits for the third quarter

Friday, October 3rd, 2008

Swiss banking giant UBS on Thursday said it would swing into profit in the third quarter, as it seeks to regain client trust after successive quarters of losses on massive asset writedowns.
UBS last year posted its first-ever full-year loss, followed by two successive negative quarters this year after writing down more than 42.5 billion dollars’ [...]

Solar powered cars race in South Africa

Thursday, October 2nd, 2008

Africa’s first-ever solar-powered car race is underway in South Africa to raise awareness about alternative energy and promote science and technology, organisers said Wednesday.
Local teams are competing against racers from India and Japan in the two-week South African Solar Challenge, which aims to encourage students to study engineering, a field in which the country faces [...]

Europe’s Conservatives Sour On the Free Market

Wednesday, October 1st, 2008

France’s notoriously divided and ideologically marooned Socialist opposition has long struggled to find a leader capable of selling a modern leftist vision that voters will embrace. Right now, though, conservative President Nicolas Sarkozy may be doing that job for the Socialists. Following his Tuesday address to the United Nations in which he characterized international financial [...]

Japan`s new PM pushes crisis package to boost economy

Tuesday, September 30th, 2008

Japan’s new Prime Minister Taro Aso, off to a rocky start after a minister quit just days into the job, sought on Monday to get back on track with crisis funding to revive Asia’s largest economy.
Aso’s cabinet, which took office last week, approved 17 billion dollars in emergency funding to help consumers, companies and farmers [...]

More virulent strain of herpes hitting sumo wrestlers: study

Monday, September 29th, 2008

Japan’s sumo wrestlers are vulnerable to a more virulent strain of a herpes skin virus, contracted through grappling their opponents, scientists said on Sunday.
The herpes simplex virus type 1 (HSV-1) is notorious among the general public for causing unsightly cold sores and sore throats.
The symptoms recur because the pathogen can hide in nerve cells [...]

Russia warship heads to Africa after pirate attack

Saturday, September 27th, 2008

A Russian warship on Friday rushed to intercept a Ukrainian vessel carrying 33 battle tanks and a hoard of ammunition that was seized by pirates off the Horn of Africa — a bold hijacking that again heightened fears about surging piracy and high-seas terrorism.
A U.S. warship is tracking the vessel but there has been no [...]

Congo leader, 83, resigns for health reasons

Friday, September 26th, 2008

Congo’s 83-year-old prime minister announced Thursday he is resigning due to fatigue.
In a statement broadcast on state television, Antoine Gizenga said “even if the spirit is still sane and alert, the body has its limits and those must be taken into account.”
Gizenga has been premier since being appointed by President Joseph Kabila in December 2006, [...]