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Canada's budget surplus larger than expected

2007-08-26 00:00:00

OTTAWA, Aug 25 (AFP): Canada's finance ministry yesterday announced that the federal budget surplus for fiscal year 2007-2008 is larger than expected given the country's strong economic growth. "The budgetary surplus for 2007-08 is now expected to come in higher...

Nepal suffers huge third country trade deficit

2007-08-26 00:00:00

KATHMANDU, Aug 25 (Xinhua): Due to a sharp rise in imports vis-a-vis exports, Nepal's trade deficit with the third countries posted a whopping 51.6 billion Nepali rupees (some 794 million US dollars) during the first 11 months of 2006-07 fiscal...

Economic boom makes Swiss more optimistic about future

2007-08-26 00:00:00

GENEVA, Aug 25 (Xinhua): Switzerland's buoyant economy has had a positive effect on the society-it has made residents feel more optimistic about the future, according to a study published yesterday. The Security 2007 survey, published by Zurich's Federal Institute of...

Wheat strikes record high, metals rebound

2007-08-26 00:00:00

LONDON, Aug 25 (AFP): Wheat prices hit an all-time high in Chicago on fierce global demand and flagging output. Oil prices slid this week on fading supply fears and many metals prices rebounded as investors took their cue from the...

Oil prices jump as Wall St gains, home sales rebound

2007-08-26 00:00:00

NEW YORK, Aug 25 (AFP): Oil prices leapt higher yesterday, with New York prices ending above 71 dollars, as rising stock prices and a rebound in US new home sales during July boosted optimism about economic growth. Oil markets have...

Euro gains, yen weak as market resumes risk-taking

2007-08-26 00:00:00

NEW YORK, Aug 25 (AFP): The dollar fell against the euro yesterday while the yen weakened further as many investors switched back into risk-taking mode amid calmer global financial markets. The euro surged as high as 1.3681 dollars-a high point...

EU threatens action against unsafe toys

2007-08-26 00:00:00

BRUSSELS, Aug 25 (AFP): The European Commission vowed yesterday to take urgent "regulatory" action against toys deemed to be unsafe after recent high-profile recalls of Chinese-made products from US company Mattel. The European Union's executive arm said that it would...

China may pass anti-monopoly law next week

2007-08-26 00:00:00

BEIJING, Aug 25 (Reuters): China's anti-monopoly law is likely to be passed next week, after over a decade of wrangling, but may require national security checks for foreign firms that want to buy Chinese rivals, domestic media said Saturday.The new...

India's inflation up at 4.10pc

2007-08-26 00:00:00

NEW DELHI, Aug 25 (PTI): The government yesterday said it will not hesitate to take further fiscal steps to check inflation, which has risen to 4.10 per cent, but pointed out that augmenting farm production is the only way out...

US new home sales show surprise increase

2007-08-26 00:00:00

WASHINGTON, Aug 25 (AFP): Sales of new US homes rose an unexpected 2.8 per cent in July from the prior month, the Commerce Department said yesterday, in a positive surprise for the battered housing sector. Economists said the figure may...

Pak, Iran FMs discuss gas pipeline

2007-08-26 00:00:00

ISLAMABAD, Aug 25 (PTI): The Foreign Ministers of Pakistan and Iran yesterday discussed a gas pipeline involving the two countries and India and hoped that the project would be completed soon. Iranian Foreign Minister Manouchehr Mottaki telephoned his Pakistani counterpart...

Pakistan on drive to boost defence exports

2007-08-26 00:00:00

ISLAMABAD, Aug 25 (PTI): Pakistan has embarked on an "aggressive" drive to boost its defence exports through joint ventures, with the country's military exports already netting more than USD 40 million in 2006-07. The defence exports increased to more than...

Forest fires kill 37 in southern Greece

2007-08-26 00:00:00

ZAHARO, (Greece) Aug 25 (Agencies): Massive forest fires swept across Greece and killed at least 37 people in the south of the country, including several children, the fire department said Saturday. New fires broke out frequently, as embers were carried...

Militants kidnap four in northwest Pakistan

2007-08-26 00:00:00

ISLAMABAD, Aug 25 (Agencies): Pakistan - Pro-Taliban militants kidnapped an army officer, two guards and a government official near an army base in northwestern Pakistan, officials said Saturday. The four men were seized late Friday in Ladha, a town in...

Bush faces mounting pressure on Iraq draw down

2007-08-26 00:00:00

CRAWFORD, (Texas), Aug 25 (AFP): President George W. Bush, lawmakers, members of the US military and veterans were locked Saturday in an escalating political war of words over whether to reduce US troop levels in Iraq. With just weeks before...

Seven killed, dozens hurt in Baghdad blast

2007-08-26 00:00:00

BAGHDAD Aug 25 (Agencies): A car bomb exploded in northern Baghdad Saturday, killing seven passers-by and wounding dozens of others in an apparent sectarian attack near the capital's most important Shiite shrine. The attack in Kazimiyah came even as parts...

China plans tougher laws on sex-selective abortions

2007-08-26 00:00:00

BEIJING, Aug 25 (AFP): Fearing the approach of a ticking "bachelor bomb," China is planning tougher laws against sex- selective abortions, state media said Saturday. The State Council, or cabinet, is planning special regulations that specify punishments for parents and...

20 including three guards killed in Afghan unrest

2007-08-26 00:00:00

KANDAHAR, (Afghanistan), Aug 25 (AFP): A roadside bomb killed three private security guards Saturday while two policemen and 15 Taliban died in fighting overnight in fresh violence in Afghanistan, officials said. Two guards were also injured by the bomb that...

Seven Palestinians killed in clashes with Israel

2007-08-26 00:00:00

JERUSALEM, Aug 25 (AFP): Israeli troops said they shot and killed two Palestinians who tried to fight their way from the Gaza Strip into Israel Saturday during a surge in clashes that has left seven Palestinians dead. An Israeli soldier...

Kuwait's first female minister quits

2007-08-26 00:00:00

KUWAIT CITY, Aug 25 (AFP): Kuwaiti Health Minister Maasuma al-Mubarak, the Gulf emirate's first female cabinet member, has resigned, newspapers reported Saturday. Mubarak tendered her resignation one day after two patients died in a huge fire at a Kuwaiti hospital...

Kuwait's first female minister quits

2007-08-26 00:00:00

KUWAIT CITY, Aug 25 (AFP): Kuwaiti Health Minister Maasuma al-Mubarak, the Gulf emirate's first female cabinet member, has resigned, newspapers reported Saturday. Mubarak tendered her resignation one day after two patients died in a huge fire at a Kuwaiti hospital...

Tendulkar stars in thrilling India win

2007-08-26 00:00:00

BRISTOL, Aug 25(AFP): Sachin Tendulkar's 99 set up India's nine-run victory against England at Nevil Road here Friday which saw them level the seven-match one-day international series at 1-1. Tendulkar's innings was the centrepiece of India's record 329 for seven...

Mashrafee side thrash Ashraful side

2007-08-26 00:00:00

Vice-captain Mashrafee Bin Mortaza-led green team won against captain Mohammad Ashraful-led red team in both of Saturday's practice matches ahead of the ICC Twenty20 World Cup, reports bdnews24.com. After a two-day break due to the curfew, the Bangladesh national cricket...

AB Bank to sponsor

2007-08-26 00:00:00

national team in Twenty20 World Championship AB Bank Limited, a private sector bank, has been confirmed as the Bangladesh national cricket team's official sponsor at the coming ICC Twenty20 World Championship in South Africa, reports UNB.According to a BCB source,...

Gibbs, Smith propel SA to series win

2007-08-26 00:00:00

South Africa, fuelled by robust innings from Graeme Smith and Herschelle Gibbs, cruised to the easiest of victories at the Harare Sports Club and with it took an unassailable 2-0 series lead. Smith fell for 96 but Gibbs clobbered the...

Ballseye

2007-08-26 00:00:00

Saiful KaiserA total of 649 runs were scored by India and England that day at Bristol. Winning the call of the coin and batting first India were 329 for 7 with enterprising innings by Tendulkar (99) and Dravid (92). India's...

The Nintendo Wii is on the march

2007-08-26 00:00:00

An army of casual gamers is helping Nintendo win the console war, says Steve Boxer Nintendo's Wii has achieved the status of a full-blown phenomenon: by some distance the fastest selling of the new generation of games consoles both in...

Hacker frees iPhone from its carrier's clutches

2007-08-26 00:00:00

Joanna SmithGeorge Hotz stood in the kitchen of his family home in Glen Rock, N.J., and announced his breakthrough to the world: He had liberated the hottest cellphone in history.The 17-year-old, a curly-haired kid on his way to college, made...

Teen untethers iPhone from AT&T

2007-08-26 00:00:00

A teenager in New Jersey has broken the lock that ties Apple's iPhone to AT&T's wireless network, freeing the most hyped cell phone ever for use on the networks of other carriers, including overseas ones.George Hotz, 17, confirmed Friday that...

Independent analyst firm reports on Oracle® Database 11g

2007-08-26 00:00:00

FE ReportOracle, world's largest enterprise software company recently announced that it is offering complimentary copies of a Gartner report on Oracle's forthcoming database release titled "Oracle Database 11g Could See Early Adoption." Written by Gartner Vice President and Distinguished Analyst...