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UNITED NATIONS(Reuters): President Barack Obama will say on Tuesday the United States will “do what we must” to prevent Iran from acquiring a nuclear weapon as UN Secretary-General Ban Ki-moon warned against threatening attacks whose consequences would be devastating. Preparing to take the podium at the United Nations six weeks before the US presidential election, ...
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
COPENHAGEN (Reuters): Shipping and oil group A.P. Moller-Maersk raised guidance for 2012 earnings last week on prospects of a further recovery in container freight rates after its Maersk Line swung back to profit in the second quarter. The global shipping industry has been hit by weak demand due to the world economic slowdown and an ...
LONDON, (Reuters) : At just 15, schoolgirl Ruta Meilutyte showed nerves of steel as she withstood a delayed start that rattled experienced Olympians to claim Lithuania’s first ever swimming medal and become the one of the youngest women to win the Olympic title. Meilutyte, who set a European record in qualifying for Monday’s race, was ...
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
Reuters: Economist Nouriel Roubini is standing by his prediction for a global “perfect storm” next year as economies the world over slow down or shudder to a complete halt. Roubini, the New York University professor dubbed “Dr. Doom” for predicting the 2008 financial crisis
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
Reuters: Holders Spain set up a European Championship semi-final with Iberian rivals Portugal after an uninspiring 2-0 win over France on Saturday which featured yet another headed goal but prompted boos from a sometimes bored crowd. The tournament has generally been graced by high quality, exciting soccer so far but for all Spain’s skill at ...
Reuters: A court has issued an arrest warrant for the ruling party veteran poised to replace Pakistan’s ousted prime minister, local television stations reported on Thursday, deepening political uncertainty in the strategic U.S. ally. Pakistan’s president had nominated Makhdoom Shahabuddin as the Pakistan People’s Party (PPP) candidate in an apparent bid for continuity ahead of ....
Reuters: England and France took the last places in a heavyweight final eight at Euro 2012 on Tuesday, with Ukraine joining co-hosts Poland on the sidelines after a 1-0 loss to the English marred by a controversial disallowed goal. In a tournament heavy on goals and drama but relatively free of debatable refereeing decisions, the ...
Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader Antonis Samaras called for broad support after winning Sunday’s election over the Syriza party, wh...
Reuters: Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro zone . Britain announced on Thursday it would flood its banking system with cash ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
Reuters: Revenues for England’s Premier League soccer clubs hit a record high in 2010/11, but the players are taking an ever greater share of those riches, the annual Deloitte review of football finance said on Thursday. The ratio of Premier League wages to revenues has risen to 70 percent, raising questions about the ability of ...
Man United have put in a solid premier league performance this season, narrowly missing out on their 20th title after a nail-biting end to the season. Income from TV rights, gate receipts and merchandise all remain strong, providing broad revenue base that spreads risk better than most clubs. Man United has huge and long-standing international ...
Reuters: British Prime Minister David Cameron savored Chelsea’s win over German club Bayern Munich in the Champions League final on Sunday after watching the deciding penalty shootout with German Chancellor Angela Merkel at a summit in the United States. “It’s not often you get the opportunity to watch a penalty shootout between an English team ...
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
Reuters: Socialist Francois Hollande swept to victory in France’s presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity. Hollande was set to beat conservative incumbent Nicolas Sarkozy by a decisive 51.9 per cent to 48.1 per cent margin, the TNS-Sofres polling ...
OSLO (Reuters): Anti-Islam militant Anders Behring Breivik appears bent on turning a Norwegian court into a “circus” show for his views when he goes on trial on Monday for killing 77 people, reopening wounds in the traditionally tolerant and tranquil nation. The facts of the case will hardly be at issue; Breivik has proudly admitted ...
TOKYO (Reuters) : Japan’s Sony Corp is to cut 10,000 jobs, about 6 percent of its workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red. The job cuts would be the latest downsizing in Japan ...
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
We do not inherit the earth from our ancestors; we borrow it from our children, as the Native American proverb goes. It is with this philosophy in mind that Jetwing Hotels will be participating in the Earth Hour campaign on 31 March. Jetwing will be the first Sri Lankan hotel chain to do so and ...
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
Can clothes, fashion accessories and makeup make a country look democratic?Dictators have begun to dress up their autocratic regimes in the manner of democracies with all the mod cons that help to pass off a system of government, which is for all purposes a dictatorship, as a five-star democracy. This in the manner that a ...
Reuters: Greece claimed a major success for its bond swap offer to private creditors on Friday after it won heavy acceptance for a deal that averts the immediate risk of an uncontrolled default on its massive public debt. The finance ministry said 85.8 percent of its 177 billion euros in bonds regulated under Greek law ...
Reuters: A planned referendum in Ireland and a German court ruling cast new uncertainty on Tuesday over efforts to overcome the euro zone’s debt crisis, just when a flood of central bank money appeared to be calming financial markets. Ireland’s prickly electorate, which has twice
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...