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Qatar Airways takes $1.7 bln stake in British Airways-owner IAG

Jan 31, 2015 at 01:45 | Source: FirstPost

LONDON (Reuters) - Qatar Airways has bought a 9.99 percent stake in International Consolidated Airlines Group (IAG) worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Iberia in the...

Qatar turns to football for fame and fans

Jan 31, 2015 at 00:01 | Source: BBC

The emerald green lawns of Qatar's Education City campus would serve nicely as football pitches. And that is pretty apt given it is home to an organisation that the sport has catapulted into public consciousness. Set up by the second wife of Qat...

City heatwaves more frequent, cold spells on decline - study

Jan 30, 2015 at 23:36 | Source: FirstPost

LONDON (Thomson Reuters Foundation) - Exceptionally hot days and rainfall extremes have become more common in urban areas in the last 40 years, while the number of cold spells has declined, said a study published on Friday.Heatwaves have significantl...

Sensex runs out of steam to end day 499 points down, Nifty snaps 10-day rally on profit-taking

Jan 30, 2015 at 18:55 | Source: FirstPost

Mumbai: The benchmark Sensex today hit new high of 29,844.16 but succumbed to heavy profit-booking led by banking shares to fall by 498.82 points to 29,182.95, logging its worst drop in three weeks, even as the government's mega share sale in Coal In...

Sydney cafe siege: Inquest to examine police response

Jan 30, 2015 at 13:32 | Source: BBC

Official inquiries into the Sydney cafe siege are to cast a spotlight on the police response to the crisis, and on Australian authorities' prior dealings with the gunman, Man Haron Monis. An inquest, which began on Thursday, will ask how the sie...

Indian economy to be a $4-5 trillion economy in 10-12 years: Sinha

Jan 30, 2015 at 13:28 | Source: FirstPost

New Delhi: Stating its great time to invest in India, Minister of State for Finance Jayant Sinha today said the Indian economy has potential to become a $4-5 trillion economy in the next 10-12 years. "You might not find a better opportunity to c...

With rising inventories oil prices are falling, but real estate prices are not: Here's why

Jan 29, 2015 at 16:29 | Source: FirstPost

A major reason for the price of crude oil falling has been the accumulation of oil inventories all over the world. Inventories in any commodity are a result of supply being more than demand. The trouble is that in case of oil there is only a limited ...

Apple, Boeing keep Wall St afloat; energy weighs

Jan 28, 2015 at 23:48 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks were buoyed on Wednesday by earnings including Apple and Boeing, but a sharp drop in energy shares cut into gains, leaving indexes little changed.The Federal Reserve's first two-day policy meeting of the year is under...

World must prepare for war against a global pandemic, says Bill Gates

Jan 28, 2015 at 21:39 | Source: FirstPost

Berlin:Billionaire philanthropist Bill Gates says the world must use the lessons from battling Ebola to prepare for any future "war" against a global killer disease, with the help of new technology.Gates, in Berlin for a donor conference of...

Why is Apple sitting on $142bn?

Jan 28, 2015 at 19:06 | Source: BBC

King Midas, you may remember, had a problem with gold. Everything he touched turned to the yellow stuff. Fine for a while, but not when he realised everything meant just that - everything. He might have had some sympathy with Apple's problem of ...

Cracking China's corruption: Huge hauls and long falls

Jan 28, 2015 at 03:16 | Source: BBC

Only days into 2015, revelations continue to emerge from China on the anti-corruption front. So far this year a powerful spy chief, the Nanjing party secretary and a top diplomat have been placed under investigation. This suggests there will be no le...

Police, protesters fight running battles in Kosovo

Jan 27, 2015 at 23:47 | Source: FirstPost

PRISTINA (Reuters) - Riot police and protesters fought running battles in Kosovo's capital Pristina on Tuesday as anti-government demonstrations erupted into the worst unrest since the former Serbian province seceded in 2008.A Reuters reporter saw ma...

Pakistan works on power blackout after 'rebel attack'

Jan 26, 2015 at 18:07 | Source: BBC

Officials have pledged to restore power to all parts of Pakistan following a rebel attack which which left 80% of the country without electricity. A blast, reportedly carried out by separatists in south-western Balochistan province, damaged a line co...

Make in India to Woman power: Obama presides over Military, cultural display

Jan 26, 2015 at 13:55 | Source: FirstPost

Military precision blended seamlessly with cultural diversity at India's 66th Republic Day parade Monday where US President Barack Obama was the chief guest.Heavy armour, marching contingents of the armed forces and the paramilitary and police forces...

Switzerlands gold exports to India cross Rs 1.2 lakh cr despite black money concerns

Jan 26, 2015 at 12:41 | Source: FirstPost

Switzerlands gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores.The value of precious metal imported from Switzerland touched 17.1 billion Swiss fra...

India displays diverse cultural heritage, military might on Republic Day

Jan 26, 2015 at 12:40 | Source: FirstPost

New Delhi: Multi-hued images of India's rich cultural diversity and military might as well as achievements in diverse fields unfolded today at the 66th Republic Day parade which had a US President--Barack Obama--as the Chief Guest for the first time....

Got a spare billion? Investment bankers are keen to help

Jan 26, 2015 at 00:15 | Source: FirstPost

LONDON (Reuters) - The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers.Traditionally focused on companies and institutions, investment banks are hiring staff and reorganising teams to ca...

Hinduja brothers only Britons in world's top 80 billionaires list

Jan 23, 2015 at 17:32 | Source: FirstPost

Davos: With an estimated wealth of nearly $14 billion, India-born Hinduja brothers have now emerged as the only British names on the list of world's top 80 billionaires dominated by Americans.Srichand and Gopichand Hinduja emerged as the 66th richest...

Uber raises $1.6 bn in debt from Goldman Sachs

Jan 22, 2015 at 17:35 | Source: FirstPost

Online ride-sharing company Uber has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group.The US car service, which allows people to summon rides at the touch of a button, plans to use the money to build its p...

With few friends in Congress, Obama looks to shape next election

Jan 22, 2015 at 02:46 | Source: FirstPost

WASHINGTON (Reuters) - President Barack Obama's vision of a stronger and more expensive safety net for middle class and poor Americans stands little chance of becoming law this year, but it could shape the debate for the 2016 election.With his clout ...

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