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  • Need more positive signs before scaling back stimulus, says Bernanke Need more positive signs before scaling back stimulus, says Bernanke

    WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...

  • April sees Japan trade deficit jump to 879.9bn yen April sees Japan trade deficit jump to 879.9bn yen

    TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...

  • Breakthrough research shows Vit C kills drug resistant TB Breakthrough research shows Vit C kills drug resistant TB

    WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...

  • UK urged by IMF to bring forward high value spending UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • US delegation to urge labour reforms in Bangladesh US delegation to urge labour reforms in Bangladesh

    DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...

Movie Review

Jaws 2 [DVD]

Jaws 2 [DVD]

Unlike the other massive blockbusters of the 1970s--The Godfather (1972), Star Wars (1977), and Superman (1978)--Jaws (1975) did not lend itself particularly well to a sequel. After all, the story was about a shark that terrorized a small East Coast beach community. The shark was killed at the end, and the story was over. It had a kind of primal simplicity to it th ... ...

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  • Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm

    Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...

  • Tribals in Niyamgiri demonstrate against Bauxite mining

    More than 3000 tribals assembled in Muniguda village of Rayagada district on Wednesday (May 22), to protest against mining in the Niyamgiri hills. The Supreme Court had recently suggested that there was need to seek the opinion of local tribals before mining as it did not want any damage to be caused to the environment. The mining project has also been opposed by the rights groups. The Gram ...

  • Leona Lewis heart-broken after first breakup

    Leona Lewis has revealed that she thought her world had come to an end following her split with first boyfriend. The 'Bleeding Love' hit maker, who was in a 10-year relationship with A'n'R scout Lou Al-Chamaa until 2010, told Stylist magazine that she was not sure if she would be able to get over the breakdown of her first romance, Contactmusic reported. Bu Lewis now believes that the split ...

  • Tamara Ecclestone opens up about relationship with new beau

    Tamara Ecclestone, who started dating her new boyfriend Jay Rutland in January after being introduced by mutual friends, shocked the world by announcing that she was engaged to him just one month later. The F1 heiress told the Mirror that the couple's engagement has been very sudden and she knows that there are people who won't understand that and will read things into it. She said that, ...

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