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 ...
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 ...
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 ...
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 ...
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 ...
Winds: From the East at 12 MPH
The Phantom of the Opera
Its quite fitting that the long-in-coming film version of Andrew Lloyd Webbers overstuffed staged musical The Phantom of the Opera is the first film to come out of Joel Schumachers newly formed production company. Considering Schumachers background in art direction, lo ... ...
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 ...
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 ...
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 ...
Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...
Reported in the press
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.
Millennium Hotel, Queenstown, New Zealand
I've reviewed this hotel before, and found it one of my favourites in New Zealand. Queenstown is located in the ...Keep reading
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Monday's deadly tornado in the central U.S. state of Oklahoma struck in an area commonly known as "Tornado Alley" - home to most of the nation's tornadoes.
Tornado Alley is generally seen to span north to south from South Dakota to Texas between the Rocky Mountains and the Appalachian Mountains, but there is no official consensus on the boundaries.
Comparison of Tornado paths in Moore, Oklahoma - May 3, 1999 and May 20, 2013 x Comparison of Tornado paths in Moore, Oklahoma - May 3, 1999 and May 20, 2013 The region is susceptible to tornadoes when cold, dry air moving south from Canada meets warm, moist air from the Gulf of Mexico and warm, dry air moving east across the Rockies. The collision of warm and cold air breeds severe thunderstorms, which spawn tornadoes.
The National Weather Service's Storm Prediction Center says Tornado Alley is a nickname used by the media and stresses it only indicates the area where most tornadoes occur. It says violent or killer tornadoes happen outside Tornado Alley every year and can strike almost anywhere in the United States, as well as in Canada and overseas.
Studies have shown the deadliest twisters in the U.S. happen to the east of Tornado Alley, in an area known as "Dixie Alley. ...
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