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  • Dalian Wanda Group to buy UK yacht maker and hotel property Dalian Wanda Group to buy UK yacht maker and hotel property

    LONDON - China's largest premier commercial property and entertainment conglomerate, Dalian Wanda Group Wednesday entered into 320million pounds definite acquisition deal with leading British yacht company, Sunseeker International Ltd, under which Wanda will acquire a majority shareholding of 91.81% in pre-eminent luxury motor yacht manufacturer. Under the agreement, the remaining 8.19% ...

  • Lundbeck and several drug firms fined for pact to delay generic drugs Lundbeck and several drug firms fined for pact to delay generic drugs

    BRUSSELS - European Union in its first case over pay-for-delay deals that held back sales of cheaper generic drugs Wednesday fined Danish pharmaceutical company Lundbeck 93.8 million euros and imposed fines totaling 52.2 million euros on several other producers of generic medicines. The European Commission, the EU's antitrust regulator, said the companies had reached agreements that may ...

  • 2.7 mn Jeeps to be recalled by Chrysler over concerns on fuel tanks 2.7 mn Jeeps to be recalled by Chrysler over concerns on fuel tanks

    NEW YORK - Chrysler avoided a showdown with the US government by agreeing to recall 2.7 million Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. Chrysler said it recognised the matter had raised concerns for customers The US company said it had resolved its differences with the National Highway Traffic Safety Administration (NHTSA). The recall affects ...

  • Settlement monitor faults four largest US mortgage servicers for lapses Settlement monitor faults four largest US mortgage servicers for lapses

    WASHINGTON - Four of the largest U.S. mortgage servicers, including Citigroup Inc (C). and Bank of America Corp., have failed to adequately upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have failed to adhere to some of the new standards set out in a landmark settlement meant to ...

  • Spain urged to pursue further reforms to generate growth and jobs Spain urged to pursue further reforms to generate growth and jobs

    MADRID - Spain risks high joblessness and sluggish growth for years unless its government together with Europe takes "urgent action' to generate growth and jobs, the International Monetary Fund stated Wednesday. "While there are signs the economic contraction may end soon, the outlook remains difficult," IMF said in its annual assessment of the Spanish economy. "But unemployment remains ...

Movie Review

The Virgin Spring (Jungfrukällan) [DVD]

The Virgin Spring (Jungfrukällan) [DVD]

Ingmar Bergmans The Virgin Spring (Jungfrukllan) takes place at a historical crossroads between the decline of pagan worship and the spread of Christianity in medieval Sweden, and similarly the film itself stands at a crossroads in Bergmans career. Having achieved ci ... ...

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  • Growth in human population could wipe out many species within 40 yrs

    The global growth in the human population has the potential to threaten hundreds of species with extinction within 40 years, a new research has shown. The Ohio State University scientists determined that the average growing nation should expect at least 3.3 percent more threatened species in next decade and an increase of 10.8 percent species threatened with extinction by 2050. The research ...

  • Award winning healthcare economist Dr. Hariawala to give talk on business implications on Indian healthcare system

    Mumbai, June 20 (ANI-Business Wire India): Noted healthcare economist and award Winning Indian American Surgeon Dr. Mukesh Hariawala will deliver an important keynote address at the fourth Annual India Leadership Conclave and Indian Affairs Business Leadership Awards 2013. The event is being organised by Asia's most analytical news media Indian Affairs in association with the Ministry of ...

  • Chinas manufacturing activity at nine-month low HSBC

    China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC. The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for June fell to 48.3, the lowest level since October and down from 49.2 in May, according to figures released by HSBC Thursday. An index reading above 50 indicates expansion, while a reading below 50 means ...

  • Drought slows New Zealand economic growth

    New Zealand's economy grew by 0.3 percent in the March quarter, with the nationwide summer drought offsetting the effects of the reconstruction of the earthquake-battered Canterbury region, the government statistics agency reported Thursday. The "modest growth" in GDP followed a rise of 1.5 percent in the December 2012 quarter, said a statement from Statistics New Zealand. "The Canterbury ...

  • Airbus Boeing compete for mega deals at Paris Air Show

    Two world aviation industry giants, Airbus and Boeing, are engaged in fierce commercial battles for winning big orders for their long-haul airplanes at the 2013 International Paris Air Show. As the leading European aircraft manufacturer, Airbus Wednesday announced that Air France-KLM has ordered 25 Airbus A350 planes at list prices of $7.2 billion with an option for 25 additional aircraft, ...

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