Category: World

Flood evacuation in North East China Rampant

More than 127,000 people have been evacuated in northeastern China following severe flooding that has already claimed at least 1,400 lives this month.

China’s official Xinhua news agency reported Sunday that in Dandong city alone, located on the rain-swollen Yalu River which separates China from North Korea, more than 94,000 residents were evacuated amid widespread power and communications failures.  At least 5,100 residents have been evacuated from affected areas in North Korea.

Van Gogh painting search intensifies

Egyptian authorities are still searching for a painting by the Dutch artist Vincent Van Gogh stolen from a Cairo museum, a day after mistakenly saying it had been recovered.
Officials say they have stepped up security at Egypt’s borders to try to keep the artwork from leaving the country.
Egypt’s culture minister Farouq Hosni initially said two Italians had been arrested at Cairo airport with the painting. He later said he had been given incorrect information.

Swedish Authorities Withdraw Wikileaks founder’s arrest warrant

Swedish authorities on Saturday issued and then hastily withdrew an arrest warrant for Julian Assange, the founder of the whistle-blowing website WikiLeaks, on suspicion of rape.
The country’s chief prosecutor, Eva Finne, said there was not enough evidence to support the allegation, and that all charges involving rape have been lifted.  But a police investigation into a lesser charge of molestation against Assange continues.

Aurobindo’s ‘Ampicillin’ injection gets USFDA Approval

Drug maker, Aurobindo Pharma has received U.S. Food and Drug Administration (FDA) approval for ampicillin injection in single dose and bulk pack formats.

The drug has annual sales of USD 45 million in the U.S. market and is a generic equivalent of Sandoz Inc`s branded drug Ampicillin, it said.
The said drug is indicated for the treatment of respiratory tract infections and bacterial meningitis.

McDonald’s eyes China expansion

The McDonald’s restaurant chain is raising money using China’s yuan currency instead of U.S. dollars.

The world’s largest fast-food company sold $29 million worth of yuan-denominated bonds in Hong Kong on Thursday.  McDonald’s said this is the first time a multinational company has sold bonds using China’s currency.

US jobless on the rise

The number of Americans filing first-time claims for unemployment insurance has increased to its highest level since November.

The U.S. Labor Department said Thursday there were 500,000 first-time applications for the week ending August 14 — 12,000 more than the week before.

The Labor Department’s report also said the number of Americans getting extended or emergency unemployment benefits rose to almost 5.6 million at the end of July. 

World oil prices fall

The price of crude oil dropped more than two percent in New York trading Wednesday, falling to the lowest level in about a month. The price of a barrel of...

North Korea repeats demand for Japanese apology

Following Japan’s apology to South Korea, North Korea has demanded reparations from Japan for colonising the Korean peninsula for nearly three decades in the beginning of the last century.
Japan should sincerely apologise and make full reparation to the nation for not only it aggression but also the crimes committed against humanity said a spokesman of North Korean government agency.

Muslim structure at Ground Zero evokes rallies

New York Police had a harrowing time keeping the supporters and opponents of the proposed Muslim cultural centre and mosque at the site of the World Trade Center which was reduced to rubble in the heinous September 11, 2001 attacks which killed nearly 3,000 people.

While the supporters argue that the structure would be a symbol of religious tolerance and understanding, the opponents charge that the proposal is insensitive and would result in habouring religious extremism.

UK economy showing strength

Surprisingly strong British retail sales and a further reduction in Britain’s big budget deficit last month are giving rise to hope that the country’s sputtering economy can maintain growth into the second half of the year.

But economists cautioned against reading too much into one set of figures on Thursday, warning there was still a long way to go to ensure Britain’s recovery from a deep recession.