Florida, Michigan restored in blow to Clinton

WASHINGTON, June 1, 2008 (AFP) – The Democratic Party dealt a severe blow to Hillary Clinton’s fading White House hopes, restoring renegade states Michigan and Florida to its presidential convention, but with halved voting power.Barack Obama, 46 was left two giant strides closer to making history as the first black presidential nominee, with only three […]

”’

LOS ANGELES, May 31, 2008 (AFP) – Oscar-winning US actress Holly Hunter got star treatment Friday, as her name was embedded and her film career honored on Hollywood’s “Walk of Fame.” The 50-year-old actress, her two-year-old twin sons, director Steven Spielberg and actor Ed Harris were all on hand for the unveiling of the 2,363rd […]

Dubai bans sale of cigarettes to under 20s

DUBAI, May 31, 2008 (AFP) – The Gulf emirate of Dubai on Saturday banned the sale of tobacco to anyone under the age of 20 with immediate effect and barred young people from public areas in which smoking is allowed.The anouncement was made in public advertisements in Arabic-language newspapers as part of a “Youth Without […]

‘s southwest coast

THIRUVANANTHAPURAM, May 31, 2008 (AFP) – The first rain from India’s annual monsoon, crucial to millions of farmers and the health of the overall economy, hit the southwest coast on Saturday. The southwest monsoon sweeps the subcontinent from June to September and is an economic lifeline for the 235 million farmers in India where just […]

Money printing fuels property bubble in Iran

May 30, 2008 (AFP) – As Iran’s economy is buffeted by inflation, the country’s homeowners are fast becoming richer in a real estate bubble that is driving affordable housing beyond the reach of ordinary citizens.Prices have doubled within a few months in satellite town of Parand and Hashtgerd, 50 kilometres (30 miles) from Tehran, while […]

Fined

May 30, 2008 (LBO) – Sri Lanka securities watchdog said Nawaloka director Jayantha Dharmadasa has been fined over a price manipulation case involving the shares of a hospital firm. The Securities and Exchange Commission said in a notice that Dharmadasa had been fined 3.3 million rupees following a request to ‘compound’ a case a under […]

Japanese man finds woman living in his closet

May 30, Japan (AFP) – A Japanese man puzzled by food mysteriously disappearing from his refrigerator got a shock when he found out a woman had been living in his home for months without permission, police said Friday.The 57-year-old man living alone — or so he thought — in the western city of Fukuoka installed […]

Shift in Asian currency strategy to fight inflation: report

May, 2008 (AFP) – Export-driven Asian economies are shifting away from a strategy of keeping currencies weak against the US dollar in an indication of troubling times for the region, a US think tank said Wednesday. Central banks in Indonesia, the Philippines, Taiwan and South Korea on Tuesday reportedly began selling dollars to shore up […]

‘s Tata Motors slip

May 29, 2008 (AFP – India’s top vehicle maker Tata Motors reported a slight fall in annual profit on Wednesday as it announced a capital raising plan to fund its purchase of British luxury icons Jaguar and Land Rover. The company, part of the steel-to-tea Tata Group conglomerate, reported net profit fell to 21.67 billion […]

Slowdown looms for Indian economy: analysts

May 29, 2008 (AFP) – A slowdown looms for India’s economy amid global financial turmoil even though it may post better-than-expected growth for last year in official data due on Friday, economists say. Just as positive global factors supported India’s expansion earlier, “negative global factors,” such as surging commodity prices and growing investor risk aversion, […]

‘s king packing belongings: newspaper editor

Nepal’s ousted king Gyanendra is packing his belongings and planning to leave his palace in Kathmandu on Friday in line with a two-week deadline, a prominent newspaper editor told AFP Thursday. “According to our sources, the King is packing up his personal belongings to move out of the palace,” Kishore Shrestha, editor of the Nepali-language […]

Pentagon auditors unable to keep pace with spending: report

WASHINGTON, May 27, 2008 (AFP) – The Pentagon’s internal watchdog office has warned in a report to Congress made public Tuesday that its auditors are unable to keep pace with a ballooning US defense budget.The rapid growth of the defense budget to more than 600 billion dollars “leaves the department increasingly more vulnerable to fraud, […]

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