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Monster tornado flattens suburb of Oklahoma City reports say four people killed
Oklahoma City on Monday, tearing up at least two schools and leaving a wake of tangled wreckage as a dangerous storm system threatened as many as 10 US states. Television video showed homes destroyed, cars tossed and at least one building on fire. Rescue workers were pulling third-graders from a damaged school in Moore, Oklahoma, a KFOR television reporter said from the scene. "I have never ...
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Benazir death Pervez Musharraf gets bail on way out of Pakistan
Benazir Bhutto assassination case. Judge Chaudhry Habibur-Rehman of the anti-terrorism court in Rawalpindi granted bail to Musharraf against two surety bonds of Rs 10 lakh each. In the morning, the judge had reserved his decision after hearing arguments by lawyers of both sides. The judge announced his decision in the afternoon. During the arguments, Musharraf 's lawyer Salman Safdar said ...
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Pakistan switches off ACs in govt offices bans socks for staff
ISLAMABAD: Pakistan has told civil servants not to wear socks as the country turns off air-conditioners amid a chronic power crisis and soaring temperatures. The government has turned off all air-conditioning in its offices as the country endures blackouts of up to 20 hours a day in some places. "There shall be no more use of air-conditioners in public offices till such time that ...
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Imran Khans party wrests MQMs Karachi bastion
Muttahida Qaumi Movement (MQM), Imran Khan's Pakistan Tehreek-i-Insaf (PTI) on Monday beat its candidate by a big margin in the re-polling held in 43 polling stations in Pakistan's violence-plagued city of Karachi. PTI's Arif Alvi secured 77,659 votes to beat MQM's Khushbakht Shujaat who polled 30,365 votes, according to the Election Commission of Pakistan. The repoll in 43 ...
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Nawaz Sharif hints at initiating peace talks with Taliban
Nawaz Sharif , known for being soft towards militant groups, on Monday said the Pakistani Taliban's offer of talks should be taken seriously because the problem of militancy cannot be solved through the use of power and bullets. Addressing newly elected parliamentarians and legislators of his PML-N party in Lahore, Sharif stressed the need to respond to the Taliban's offer. "Guns ...
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Sun Life throws the net wide in Asia
Kevin Strain, president of Sun Life's business in Asia, sees his biggest challenge as striking a balance between keeping up with other players in the market, while still charging prices that allow insurance products to be ...
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Asian Stocks Rise as Japan’s Topix at 5 Year High
Asian stocks rose for the first time in three days, with Japan’s Topix Index trading at the highest level in nearly five years, after US leading indicators and consumer sentiment advanced more than estimated, boosting investor confidence in the global economic recovery. Toyota Motor Corp. gained 1.7 percent as shares of the world’s largest carmaker led Japanese exporters higher. ...
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Pinoys urged to stay indoors in Taiwan
The chair of the Manila Economic and Cultural Office is urging Filipinos in Taiwan to stay indoors after work and to avoid drinking in public after 2 overseas Filipinos were attacked in Taiwan. The attacks came amid simmering tensions between Manila and Taipei after the Philippine Coast Guard killed a Taiwanese fisherman off Batanes. A task force has been created to check on the situation of ...
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For American imprisoned in N Korea labour camp it could be
It’s bad for Kenneth Bae, the Washington man arrested in North Korea last year and sentenced to 15 years in prison, but it could be worse, according to people familiar with the workings of one of the world’s most secretive and repressive regimes. Bae began serving a 15-year, hard labour sentence on Tuesday for what Pyongyang has described as hostile acts against the state. But word ...
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Ban Ki-moon urges N Korea to end missile tests
UN Secretary general Ban Ki-moon has called on North Korea to refrain from carrying out any further missile tests. He was speaking as Pyongyang test-fired a fourth short-range missile over the weekend. Such launches are routine but come as countries in the region are trying to break a stalemate in relations there, the BBC’s Lucy Williamson says. Ban urged Pyongyang to lower the ...
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Korea slams N Korea’s ‘provocative’ missile launches
South Korea on Sunday condemned North Korea’s latest short-range missile launches as ';provocative'; and again urged it to hold talks about a suspended jointly-run industrial park. The North Saturday launched three short-range guided missiles off its east coast, apparently as part of a military drill, at a time when cross-border relations remain icy after months of simmering ...
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SKorea analysing NKorea’s 4 projectile launches
South Korea is analysing whether projectiles North Korea fired into its eastern waters over the weekend are short-range missiles or a new type of artillery the country may be developing, officials said Monday. North Korea fired what Seoul officials called a short-range projectile Sunday, a day after conducting three similar launches. South Korean officials earlier said the weapons fired on ...
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China asks N Korea to free seized boat
China says it has called on North Korea to secure the release of a fishing boat and its crew seized earlier this month. Owner Yu Xuejun said the vessel had been in Chinese waters when the 16-man crew were seized on 5 May. Yu said the North Korean captors were demanding a 600,000 yuan ($100,000, GBP 66,000) ransom. State-run Xinhua news agency said that diplomats in Pyongyang had been asked ...
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China’s ambitious plans for its huge reserves
I ask, because while so many Western governments spend sleepless nights worrying about the size of their trade deficits, China has the opposite problem. Thanks to its export success, China is the world’s largest holder of foreign exchange reserves. Those reserves are growing all the time and currently stand at a record $3.44 trillion. That’s $3,440,000,000,000 if you want all the ...
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China Home-Price Gains Signal Growth Challenge for Li Economy
China’s new-home prices rose last month in 68 of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property market even as economic growth slows. Increases in Guangzhou, Beijing and Shanghai were the biggest on a yearly basis since a change in data methodology in January 2011, a report from the National Bureau of Statistics ...
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China Property Gains Defy government Plans
Surging credit has kept China’s real estate-sector humming despite a renewed attempt by the government to bring prices under control, supporting short-term economic growth but risking a destabilising decline in prices down the line. Average house prices rose 4.3 percent from a year earlier in April after gaining 3.1 percent in March, according to The Wall Street Journal’s ...
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Despite curbs China’s vast hot money triangle flourishes
In an underground mall just a stone’s throw from China’s teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub. ';Good rates. Better than the banks,'; shout salespeople jostling to usher clients into shops where thick wads of Chinese 100 ...
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China ‘will not accept’ carbon tax on EU flights report
China will not pay for CO2 emissions by its airlines on flights within Europe, a top civil aviation official reportedly said after the European Commission warned eight Chinese firms face fines for nonpayment. The world’s second largest economy ';will not accept any unilateral and compulsory market measures';, Yan Mingchi, deputy director-general of the legal and regulation ...
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Three new suicides at Apple supplier’s China factory
Three Foxconn workers have committed suicide at a factory in China in the past three weeks, a labour rights group said on Saturday. All three jumped to their deaths at a plant in the central city of Zhengzhou run by the Taiwanese electronics giant. A 30-year-old married man killed himself on Tuesday following the similar deaths of a 23-year-old woman on April 27 and a 24-year-old man three ...
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EU China have ‘much to lose’ in case of trade war
The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek, analysts said. In May alone, the two have locked horns over solar panels, steel tubes and telecoms equipment, sparking fears of a trade war between two of the world’s biggest trading partners. Analysts ...
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President Obama to meet Chinese president in California in June
President BarackObamawill hold his first summit with President Xi Jinping in California next month, with Sino-US relations rattled by alleged Chinese cyber spying and tensions in the ...
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Asia Very Very Competitive for OTAs.
) told analysts that "the absolute economics in terms of the pricing of hotels and the competition makes it potentially more expensive" than other key global markets. But the pay off is that Asia Pacific markets are growing fast, more than compensating for the high costs borne by its two major regional ...
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Mobiles offer financial lifeline to Asian migrants—study
Asia’s mobile revolution is set to transform the region’s financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said on Monday, May 20, 2013. JOHN MOORE/GETTY IMAGES/AFP BANGKOK--Asia’s mobile revolution is set to transform the region’s financial services industry, offering a cheap way for ...
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CTS Australasia Exports to South America Plummet
Containerized export volume from Australasia/Oceania to South and Central America steeply declined in March 2013, according to data from Container Trades Statistics ...
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More From South Asia
US school directly hit by tornado: Police Television footage on Monday afternoon showed homes and buildings that had been reduced to rubble in the city south of Oklahoma ...
Central Asia Discussion
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Central Asia's French Revolution
The crisis that recently gripped Kyrgyzstan and saw President Bakiyev forced from power represents, for Central Asian countries, something similar to what the French Revolution represented to the aristocracy of Europe – that the masses are gathering and uniting.
Kyrgyzstan’s political tensions had been rising long before the riots that were broadcast all over the world and across Central Asia news stations, showing images of an angry mod swarming the street, and the dramatic moment at which a van was sent crashing through the ornate main gates of the Presidential Palace. Read more
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