LONDON: The dollar struck a 14-year low against the yen on Friday amid jitters Dubai may default on its debt, which sent global stock markets reeling and prompted investors to exit risky trades. During Asian trading, the dollar tumbled to 84.82 yen, which was the lowest level since July 1995, but has since strengthened somewhat. [...]
PORT OF SPAIN: More than 85 heads of state are to attend climate talks in Copenhagen December 7-18, giving the meeting major summit status, according to Danish Prime Minister Lars Loekke Rasmussen on Friday. “A strong deal — sealed at the leaders level — will serve as a clear and detailed guidance for negotiators to [...]
CHENGDU: A giant panda couple left their southwest China home on a passenger plane Friday for a 10-year stay in Australia, which will be the first time for the endangered species to live in the southern hemisphere. Aboard flight SQ7855 of Singapore Airlines, 4-year-old male Wang Wang and 3-year-old female Fu Ni left Chengdu, capital [...]
ISLAMABAD: President Asif Ali Zardari Friday re-issued the Competitive Commission Ordinance 2009. The government has tabled the Competitive Commission Ordinance 2009 in the National Assembly for approval in the light of Supreme Court (SC) ruling on July 31, which held the November 3, 2007 steps as unconstitutional. The Ordinance is yet to be debated in [...]
VIENNA: A U.N. nuclear watchdog resolution passed against Iran on Friday will jeopardise talks between Tehran and six world powers on its atomic programme and harm its cooperation with the agency, an Iranian official said. The International Atomic Energy Agency’s governing body approved the measures sponsored by the powers to censure Tehran for developing a [...]
ISLAMABAD: Eid-ul-Azha is being celebrated today (Saturday) throughout the country with religious zeal and fervour in commemoration of the supreme sacrifice offered by Hazrat Ibrahim Khalilullah (AS) and his son Hazrat Ismail Zabiullah (AS) in the fulfilment of the divine order. Eid prayers will be offered at Eidgahs, principal mosques and open places across the [...]
NEW DELHI: India on Friday voiced “serious concern” over what it termed a military nexus between its neighbours China and Pakistan, warning that New Delhi would try and match Beijing’s growing firepower. Defence Minister A.K. Antony said India hoped to improve fractious relations with regional countries but that it must remain vigilant about ties between [...]
KANPUR: India thumped Sri Lanka by an innings and 144 runs on the fourth day of the second cricket Test here on Friday to take a 1-0 lead in the three-match series. It was the 100th Test victory for India and the biggest against Sri Lanka, bettering the previous win by an innings and 119 [...]
JEDDAH: Eid ul Azha is being celebrated today in Saudi Arabia, Gulf countries and Japan with great reverence and religious dedication, while the faithful are offering sacrifices of animals in pursuance of Sunnat-e-Ibrahimi Entire Middle East including Saudi Arabia celebrating Eid ul Azha today with all the religious faith and devotion. Millions of Muslims offered [...]
LONDON: Global stock markets dropped for a second day running on Friday over investor alarm about the potential for a widespread default after Dubai’s shock demand to suspend the debt of a key state company. Asian indices suffered massive falls, with Hong Kong’s Hang Seng Index slumping almost five percent by the close. Tokyo dived [...]
