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Big protest planned for Seoul against beef and Lee PDF Print E-mail
Business News
Sunday, 06 July 2008

South Korean police said they expect about 35,000 to gather on Saturday for a protest against a US beef import deal and the polices of the new president, whose government has faced a crisis due to the weeks of street rallies, reports Reuters.

Polls show that most South Koreans oppose a deal President Lee Myung-bak struck in April to open the market to US beef but about two-thirds of respondents say it is also time to halt the rallies that have grown more violent in recent weeks.
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Surviving floods within sight PDF Print E-mail
Editorial
Sunday, 06 July 2008

Floods may come a little early this year spreading miseries amongst an already harassed population. The extent of flooding may not be of 1955 or 1998 levels but in the given situation of today even a much lesser onslaught will result in widespread sufferings. Two major rivers are already flowing above the danger levels and others, numbering about 61, are about to cross the danger levels. Added to this is the extensive erosion that has already devoured many settlements across the country.

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Telenor about Grameenphone (GP) - Unacceptable working conditions in Bangladesh PDF Print E-mail
Country News
Saturday, 05 July 2008

A Danish TV documentary broadcast in May 2008, revealed unacceptable working conditions, pollution and underage labour at the facilities of suppliers to Grameenphone in Bangladesh. Telenor has drawn up unambiguous guide lines to ensure our corporate responsibility and that operation is run in accordance with our ethical standards. After having been informed about the unacceptable conditions, Telenor immediately initiated measures to ensure that required standards are adhered to. Telenor has a 62 per cent stake in Grameenphone.

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G8 to tackle inflation, but concrete action elusive PDF Print E-mail
Business News
Saturday, 05 July 2008

REUTERS, TOKYO- G8 leaders aim to present a united front against global inflation, driven by soaring oil and food prices, at a summit in Japan next week, but solving the problem requires more than just a strong message from rich nations.

As record high oil prices threaten the global economy and food riots undermine political stability in some countries, the Group of Eight (G8) will try to draw up measures to balance the supply and demand of oil, officials from member countries said. It will also aim for closer cooperation with oil producers.
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38 killed as ferry capsizes in Myanmar PDF Print E-mail
Business News
Saturday, 05 July 2008

REUTERS, YANGON- At least 38 people died when their ferry sank in a river in Myanmar's cyclone-hit Irrawaddy delta, official newspapers reported on Friday.

Another 44 passengers were rescued on Tuesday morning when the vessel sank in the Yway River near Myaungmya, one of the delta towns worst hit by Cyclone Nargis in early May.
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Belarus blast wounds 50 PDF Print E-mail
International News
Saturday, 05 July 2008

REUTERS, MINSK-About 50 people were wounded by a home-made bomb in Belarus's capital on Friday at an Independence Day concert attended by long-time ruler President Alexander Lukashenko, officials said.

Lukashenko, criticized by the West for ruling the ex-Soviet state with an iron grip since the mid-1990s, was not far from the blast but was unhurt and did not appear to be the target, his spokesman said.
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Militants abduct two Pak journalists PDF Print E-mail
International News
Saturday, 05 July 2008

REUTERS, PESHAWAR, Pakistan- Al Qaeda-linked militants have abducted two Pakistani journalists who the militants accused of snooping on their members and positions near the Afghan border.
 
The militants detained freelance reporter Pir Zubair Shah and photographer Akhtar Soomro in Ziarat village in the Mohmand region late on Thursday.

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Iran to respond on Friday: radio PDF Print E-mail
International News
Saturday, 05 July 2008

Nuclear Offer

REUTERS, TEHRAN - Iran will later on Friday give a response to a nuclear incentives offer made by six world powers last month, the country's chief nuclear negotiator was quoted as telling the European Union's top diplomat.

State radio said Saeed Jalili, Iran's chief nuclear negotiator, talked with EU foreign policy chief Javier Solana by telephone.
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Girl killed, 10 wounded PDF Print E-mail
International News
Saturday, 05 July 2008

Pakistan blast

REUTERS, QUETTA, Pakistan- A bomb planted on a motorcycle exploded on Friday outside a bank in the Pakistani city of Quetta, capital of gas-rich Baluchistan province, killing a girl and wounding 10 people, police said.

There was no claim of responsibility but separatist insurgents in Pakistan's western province of Baluchistan have been fighting for control of its gas resources for years.
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Samajwadi Party still doubtful over nuclear deal PDF Print E-mail
International News
Saturday, 05 July 2008

REUTERS, NEW DELHI - The Samajwadi Party (SP) that could hold the balance of power in India said on Thursday it had to clear up doubts before supporting a nuclear deal with the United States, but hinted it may give crucial backing to the embattled government.
 
The ruling coalition is wooing the Samajwadi Party amid signs the communist parties that back the government in parliament will withdraw their support over the civilian nuclear deal. Many Indian politicians worry the deal will compromise India's sovereignty. The left says it makes India a U.S. pawn.

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India army chief wary of growing China military PDF Print E-mail
International News
Saturday, 05 July 2008

REUTERS, NEW DELHIT - India needs to be wary of a rapidly modernising Chinese military as it could affect the country's security in the long run, India's army chief said on Thursday.

The world's two most populous nations are forging new ties amid soaring trade and business links, though serious differences over their Himalayan border, the cause of a 1962 war, fester.
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Left gives July 7 deadline PDF Print E-mail
International News
Saturday, 05 July 2008

Nuclear Deal

REUTERS, NEW DELHI - Communist parties said the government must tell them by Monday if it plans to press ahead with the next step in a controversial civilian nuclear deal with the United States, which they strongly oppose.
 
The communists have threatened to withdraw support for the government if it seeks approval for the deal from the International Atomic Energy Agency (IAEA), the next international move needed to operationalise the pact.
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Researchers open cave under Mexican pyramid PDF Print E-mail
International News
Saturday, 05 July 2008

REUTERS, MEXICO CITY- Archeologists are opening a cave sealed for more than 30 years deep beneath a Mexican pyramid to look for clues about the mysterious collapse of one of ancient civilization's largest cities.

The soaring Teotihuacan stone pyramids, now a major tourist site about an hour outside Mexico City, were discovered by the ancient Aztecs around 1500 AD, not long before the arrival of Spanish explorers to Mexico.
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Wildfires threaten 2 California towns PDF Print E-mail
International News
Saturday, 05 July 2008

RE:UTERS, LOS ANGELES - California firefighters made a desperate stand as darkness fell on Thursday to save more than 4,000 homes and other structures from a pair of out-of-control wildfires burning about 170 miles apart along the California coast.
 
The most imminent danger was to homes around Goleta, near Santa Barbara, where flames were fast approaching 2,600 homes and transmission lines supplying power to 100,000 people on the central coast.

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Saudi cleric warns Saudis to shun militants PDF Print E-mail
International News
Saturday, 05 July 2008

REUTERS, RIYADH - Saudi Arabia's top religious official warned on Thursday Saudis and foreigners living in the kingdom to not hide information about militants in the world's largest oil exporter.

The statement from Grand Mufti Sheikh Abdul-Aziz Al al-Sheikh follows a government announcement last week that it is holding 520 suspects, arrested since January, who planned car bomb attacks against oil and security installations.
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China warns, sacks officials for riot PDF Print E-mail
International News
Saturday, 05 July 2008

Olympics unrest

REUTERS, BEIJING - A senior Chinese security official said the Beijing Olympics are threatened by sabotage and unrest, state media said on Friday, as authorities moved to sack officials blamed for a riot that torched a police headquarters.

The trouble in Guizhou province in the southwest on Saturday came as China seeks to quell any signs of unrest ahead of the Games in August.
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Death stalked Betancourt's captivity PDF Print E-mail
International News
Saturday, 05 July 2008

Colombia

REUTERS, BOGOTA- Ingrid Betancourt began each day in captivity at 4 a.m. -- cold and depressed but awake in the dark waiting to hear her mother's words of encouragement over the radio.

She was haunted by thoughts of suicide and fears that she would be killed.
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Historic China-Taiwan flights take off PDF Print E-mail
International News
Saturday, 05 July 2008

Reuters, Taipei/Shanghai- Historic regular flights between Taiwan and China began on Friday, in a show of conciliation between the long-time rivals that could bring large numbers of mainland Chinese visitors to the island.
 
The first of the flights, a China Southern Airlines plane, landed at Taipei's Taoyuan airport after leaving Guangzhou in southern China early in the morning.

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European banks need to raise 60-90 billion euros: Goldman PDF Print E-mail
Business News
Saturday, 05 July 2008

Reuters, Bangalore- Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by European banks that have recapitalized recently.

The bearish comment by the Goldman analysts weighed on European stocks, with the benchmark FTSEurofirst 300 index down 0.43 percent at 1,172.99 points by 5:40 a.m. EDT.
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Poor oil producers should spend wealth at home: UN PDF Print E-mail
Business News
Saturday, 05 July 2008

REUTERS, LONDON- Poverty-ridden countries reaping the benefits of soaring oil and commodity prices should be investing their wealth at home, not putting it in sovereign funds, a senior United Nations official says.
 
Record crude and other commodity prices have seen some countries such as Nigeria bank billions of surplus revenue in sovereign wealth funds which are then reinvested, often in the developed world with the aim of conserving and growing them.

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Achieving 100pc birth registration PDF Print E-mail
Editorial
Saturday, 05 July 2008

Birth registration is one of the fundamental tights of the children. It may eliminate the problem in making a flawless voter list. It will also simplify the process of determination of a person's citizenship. Besides, it will stop early marriages. All these are of very great national interest. But, surprisingly enough, many people are not aware of the Birth and Death Registration Act of 2004.

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