Qatar Airways takes $1.7 bln stake in British Airways-owner IAG
Jan 31, 2015 at 01:45 | Source:
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:
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:
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...
Sydney cafe siege: Inquest to examine police response
Jan 30, 2015 at 13:32 | Source:
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:
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...
Apple, Boeing keep Wall St afloat; energy weighs
Jan 28, 2015 at 23:48 | Source:
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:
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:
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:
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:
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:
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...
India displays diverse cultural heritage, military might on Republic Day
Jan 26, 2015 at 12:40 | Source:
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:
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:
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:
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:
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 ...