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 ...
Martha Marcy May Marlene
Numerous tensions cut through writer/director Sean Durkins dark, economic feature debut Martha Marcy May Marlene, but the most unsettling is the distance between the various characters and their inability to connect in a meaningful way. All of the films char ... ...
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 ...
Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant's Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft's Redmond, Washington, campus. The Xbox One was presented as an all-in-one system for gaming, watching ...
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THE WESTIN, LOS ANGELES AIRPORT
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Hollywood star Steven Seagal spent some time with Ramzan Kadyrov, the former militant fighter who now heads Chechnya, in the latest in a series of visits by Western celebrities to the volatile Russian republic.
"The famous American actor, film producer, writer, director and martial arts expert (seventh dan aikido) Steven Seagal visited our republic today (Wednesday)," Kadyrov wrote on Instagram.
"I invited him to my residence. We had a talk."
"I told him that I watch his films, and I like them a lot," said Kadyrov.
"Nobility. Willpower. Honor. Qualities characteristic of Chechens. So we can say he is almost a Chechen!"
Seagal, star of movies like "Above the Law", "Under Siege", "Fire Down Below", made headlines in March when he joined Russian President Vladimir Putin at the opening of a martial arts centre in Moscow.
On Tuesday, Kadyrov met French actor Gerard Depardieu and British actress Elizabeth Hurley.
The two actors are set to star in a crime thriller currently being filmed in Moscow and Chechen capital Grozny.
Depardieu, who was recently given a Russian passport and an apartment in Grozny after publicly criticising the tax regime in his native France, will play a man whose son is killed and who comes to Russia to avenge him, meeting up with an old flame (played by Hurley) in Moscow and a Chechen friend along the way. ...
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