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  • One trillion euro tax evasion to be tackled says Barroso One trillion euro tax evasion to be tackled says Barroso

    BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...

  • Overall economy likely to pick up in Q2 says German central bank Overall economy likely to pick up in Q2 says German central bank

    FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...

  • Pfizer discontinues NHL cancer drug development Pfizer discontinues NHL cancer drug development

    NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...

  • GrubHub and Seamless to merge GrubHub and Seamless to merge

    WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...

  • Housing market picking up in UK Housing market picking up in UK

    LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...


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Movie Review

Clean, Shaven [DVD]

Clean, Shaven [DVD]

Lodge Kerrigan's directorial debut, Clean, Shaven, is a daring and disturbing cinematic experiment that takes us inside the mind of a struggling schizophrenic for an unrelenting 80-minute ride. Kerrigan mixes a shaky narrative filled with gaping holes begging to be filled by the ... ...

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  • Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • World motorsport chief to visit Botswana

    The president of the world motorsport governing body, Federation Internationale de I' Automobile (FIA), Jean Todt is scheduled to visit Botswana in August, Botswana Motorsport Association (BMSA) has confirmed. BMSA secretary general Joseph Khengere said Tuesday they had been in consultations with the FIA since affiliating to them earlier this year and the president will pay a visit to Botswana, ...

  • Oz women cricketers Down Under on top of world after hefty pay-hike

    Cricket Australia (CA) has announced that the country's top female cricketers will now earn up to 80,000 dollars within a year. The women team has won Women's World Cup and the T20 trophy, prompting CA to consider female cricket as professional, News.com.au reports. CA chief executive James Sutherland compared the women's cricket team to the men's cricket club, saying that the association ...

  • Govt. determined to put effective financial regulatory system in place Chidambaram

    Finance Minister P. Chidambaram on Wednesday said that making laws in the country is not an easy task, and added that this has become even more difficult due to the legitimization of obstructionism as a parliamentary tactic in the coalition era. Addressing a seminar on the 'Indian Financial Code' (IFC) which was framed by Financial Sector Legislative Reforms Commission (FSLRC) with a view to ...

  • Trinindad Football hints at probe to uncover missing funds

    The Trinidad and Tobago Football Federation (TTFF) has hinted that an investigation could be launched into unaccounted revenues generated by the federation from World Cup 2006. President of the TTFF Raymond Tim Kee announced Tuesday that a probe is being considered during a press conference at the Hasely Crawford Stadium, reports CMC. "From our understanding, TTFF is very much a part of ...

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