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 ESE at 4 MPH
Under the Volcano [DVD]
When we first see British consul Geoffery Firmin (Albert Finney) wandering through a marketplace in Cuernavaca, Mexico, there is no indication that anything is wrong. Dressed in a sharp black tuxedo, his hair immaculately in place, and large, dark sunglasses hiding his eyes, he ... ...
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 ...
Just before he died, Steve Jobs told his biographer Walter Isaacson about his dream for revolutionizing television. His fantasy device would control all the many doodads that crowd your living room - DVRs, game consoles, Blu-ray players - and would connect to the vast world of entertainment available online. Best of all, it would be drop-dead simple to control - no more futzing with the Input ...
The Markit Composite PMI, which measures activity across the German economy, came in at 49.9, up from 49.2 in April (where a 50-point reading separates expansion from contraction) German manufacturing output rose slightly, but was balanced out by a small drop in services. And France's private sector kept shrinking, with a composite PMI of 44.3 -- a long way from that 50-point ...
They Said It
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.
Le Meridien Dubai
I had taken a rental car from Abu Dhabi and driven up to Dubai, a trip of about 140 kilometres. ...Keep reading
Do you take the threat of North Korea seriously?
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A typical pair of running shoes generates 30 pounds of carbon dioxide emissions, equivalent to keeping a 100-watt light bulb on for one week, a new MIT-led lifecycle assessment has revealed.
But what's surprising to researchers isn't the size of a shoe's carbon footprint, but where the majority of that footprint comes from.
The researchers found that more than two-thirds of a running shoe's carbon impact can come from manufacturing processes, with a smaller percentage arising from acquiring or extracting raw materials.
This breakdown is expected for more complex products such as electronics, where the energy that goes into manufacturing fine, integrated circuits can outweigh the energy expended in processing raw materials. But for "less-advanced" products - particularly those that don't require electronic components - the opposite is often the case.
So why does a pair of sneakers, which may seem like a relatively simple product, emit so much more carbon dioxide in its manufacturing phase?
A team led by Randolph Kirchain, principal research scientist in MIT's Materials Systems Laboratory, and research scientist Elsa Olivetti broke down the various steps involved in both materials extraction and manufacturing of one pair of running shoes to identify hotspots of greenhouse-gas emissions. ...
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