BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...
WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...
LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...
Winds: From the NE at 2.0 MPH Gusting to 2.0 MPH
"Marvin's Room" is about people who should be close, but aren't. The movie's central relationships are both characterized by physical and emotional distance: a pair of estranged sisters who haven't heard from each other in twenty years, and a mother/son relationship that is strained to the point of breaking. The sisters are Bessie (Diane Keaton) and Lee (Meryl Streep). Twenty years ago, their fath ... ...
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 ...
REDMOND, WASHINGTON Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the Xbox One will attract existing video game fans while also becoming a hub for living room entertainment. The third-generation Microsoft console, coming eight years after the Xbox 360, was unveiled by games unit chief Don Mattrick at an event at the software company's campus ...
WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...
ince its opening in 2009, Manhattan's High Line--an elevated city park built on a reclaimed Depression-era industrial railroad line--has featured, along its meandering length, a constantly rotating display of artworks. These sculptures, billboards, performances, and installations are chosen by Cecilia Alemani, the curator of High Line Art, and have been a core element in the park's ...
Making the news
Nothing will ever completely replace playing the game I love, however I feel like I'm starting a new adventure and I'm genuinely excited about what lies ahead. I'm fortunate to have been given many opportunities throughout my career and now I feel it's my time to give back.
The world's best known footballer was speaking after formally announcing his retirement.
The Westin Resort & Spa, Whistler, Canada
After getting off the Greyhound bus I trudged through the Whistler Village to the bottom of Whistler Mountain, and there ...Keep reading
Do you take the threat of North Korea seriously?
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A man has been beaten to death by police officers in the United States.
The unarmed man was severely beaten with batons and fists following a call from a hospital, which had complained of a man being drunk near the premises.
Officers attended Kern Medical Center in Bakersfield, California, where David Sal Silva, the 33-year-old father of four young children, had allegedly been causing a disturbance.
A group of police officers fell upon Silva after he allegedly resisted arrest.
Witnesses said extra police waded in to beat him in in the face and upper body.
Silva later had trouble breathing and was wheeled into the hospital, where he was pronounced dead.
Witnesses who had filmed Silva and the police in a scuffle later had their mobile phones confiscated by some of the officers.
They said he had been begging for his life during the beating.
A lawyer for the family has asked that the mobile phones not be tampered with as the video evidence will be used in an investigation.
Meanwhile, President Obama has lauded the bravery and devotion of more than 40 police officers at a White House ceremony.
Speaking to the hand-picked group, he said: "We don't always get that opportunity to stand and applaud the men and women who keep us safe. ...
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