Developing

  • Cannes - where celebrity sells and celebrities sell

    Reuters - Sun, May 19, 2013

    By Belinda Goldsmith CANNES (Reuters) - Film stars come to Cannes to promote themselves and their projects - so where better to launch a wry documentary bemoaning the seeming dominance of celebrity pulling-power over content? With parties, pitching and paparazzi already in overdrive at the world's premier movie market, director James Toback on Sunday showed "Seduced and Abandoned", the story of how he and actor Alec Baldwin talked to directors, investors and studio heads at Cannes last year to seek funding for a film with no A-list star. ... More »Cannes - where celebrity sells and celebrities sell

  • Analysis - Little sign Abe can shake up Japan's inbound FDI

    Reuters - Sun, May 19, 2013

    By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with approval. The stock market has rallied 45 percent this year and Abe's approval ratings are around 70 percent. ... More »Analysis - Little sign Abe can shake up Japan's inbound FDI

  • Pakistan army will be watching Sharif's cosying up to India

    Reuters - Sun, May 19, 2013

    By Katharine Houreld ISLAMABAD (Reuters) - Pakistan's all-powerful military overthrew Nawaz Sharif 14 years ago and hustled him off into exile in handcuffs. Now he's back as prime minister-elect, with the army watching his every move, especially steps planned to ease tension with arch-rival India. Sharif's Pakistan Muslim League-Nawaz (PML-N) won 124 of 272 contested seats in this month's parliamentary election. Its nearest rival, the Pakistan People's Party, won just 31 in the first democratic handover of power since independence in 1947. ... More »Pakistan army will be watching Sharif's cosying up to India

  • Indonesia's nationwide healthcare plan stumbles at first hurdle

    Reuters - Sun, May 19, 2013

    By Randy Fabi and Nilufar Rizki JAKARTA (Reuters) - When a sick Indonesian baby died after 10 hospitals in Jakarta turned her family away in February, critics blamed a pilot health insurance scheme that had overwhelmed the city's public hospitals. The programme, introduced in November, gave health insurance to around 5 million people in Jakarta categorised as poor. Long queues quickly formed at already stretched hospital emergency rooms as many patients, some who were not even ill, sought to take advantage of being covered for the first time. ... More »Indonesia's nationwide healthcare plan stumbles at first hurdle

  • Israel demands French TV correct 13-year-old report on boy's death

    Reuters - Sun, May 19, 2013

    By Allyn Fisher-Ilan JERUSALEM (Reuters) - Israel demanded a French television station on Sunday correct a report from nearly 13 years ago which helped fuel anger across the world and ignite a bloody uprising against the Jewish state. Twelve-year-old Mohammed al-Dura and his father, Jamal, were filmed crouching in terror by a wall in the Gaza Strip in September 2000, bullets whizzing around them, as Israeli forces battled Palestinian gunmen days into an uprising that erupted after failed peace talks. The boy was later pronounced dead, and his father wounded. ... More »Israel demands French TV correct 13-year-old report on boy's death

  • Exclusive - Bangladesh factory banned by Wal-Mart still makes Wrangler shirts

    Reuters - Sun, May 19, 2013

    By Serajul Quadir and Rafiqur Rahman GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF Corp. VF confirmed on Saturday it was still using Liz Apparels to make its clothing following an inspection ordered by the factory owner, Nassa Group, on May 12. VF, whose other clothing brands include North Face, Timberland and Nautica, said its philosophy was to "stay and improve" working conditions. ... More »Exclusive - Bangladesh factory banned by Wal-Mart still makes Wrangler shirts

  • Insight - Despite curbs, China's vast hot money triangle flourishes

    Reuters - Sun, May 19, 2013

    By James Pomfret and Matthew Miller ZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them bound for the gambling hub. "Good rates. Better than the banks," shout salespeople jostling to usher clients into shops where thick wads of Chinese 100 yuan ($16.31) and HK$1,000 ($130) bank notes change hands and shuffle noisily through electronic cash-counting machines. ... More »Insight - Despite curbs, China's vast hot money triangle flourishes

  • Indian cinema on a mission at Cannes to dispel Bollywood image

    Reuters - Sun, May 19, 2013

    By Belinda Goldsmith CANNES (Reuters) - Indian movie actors and a new wave of directors are on a mission at the Cannes film festival - to show that their industry, which turns 100 this year, is more than just Bollywood. The largest Indian contingent to date is on the French Riviera at the world's leading cinema showcase to promote the world's biggest film industry that makes over 1,000 films a year, compared with about 600 in Hollywood. ... More »Indian cinema on a mission at Cannes to dispel Bollywood image

  • 'Star Trek' sequel tops weekend box office in North America

    Reuters - Sun, May 19, 2013

    By Lisa Richwine and Andrea Burzynski (Reuters) - "Star Trek Into Darkness," the newest instalment in the classic intergalactic franchise, blasted to the top of movie box office charts with $70.6 million in weekend ticket sales at theatres in the United States and Canada. The new 3D voyage for Captain Kirk and the crew of the Starship Enterprise knocked mighty "Iron Man 3" into second place, while the Marvel superhero sequel grabbed $35.2 million. Jazz Age drama "The Great Gatsby" finished third with $23.4 million, according to studio estimates. ... More »'Star Trek' sequel tops weekend box office in North America

  • Yahoo's board approves Tumblr acquisition -WSJ

    Reuters - Sun, May 19, 2013

    SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion (724 million pounds) in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr because its younger user base would bolster the older website's "cool factor," the technology blog AllThingsD cited the sources as saying. ... More »Yahoo's board approves Tumblr acquisition -WSJ

  • India gripes over border, trade woes on Li's first foreign trip

    Reuters - Sun, May 19, 2013

    By Frank Jack Daniel NEW DELHI (Reuters) - India's Prime Minister Manmohan Singh told visiting Chinese President Li Keqiang on Sunday a recent military standoff in the Himalayas could affect relations between the two countries as they looked to boost bilateral trade. At a meeting shortly after Li arrived in India on his first foreign trip, Singh said relations were affected when "peace and tranquillity" on the border was impacted, a senior government official with knowledge of the discussions told Reuters. ... More »India gripes over border, trade woes on Li's first foreign trip

  • Euro Tax 'To Decimate Pensions', Report Says

    Sky News - Sun, May 19, 2013

    The trading of government bonds would be rendered uneconomic and pensioners would find their savings hit under proposals for a Europe-wide financial transactions tax, according to one of the financial sector's most influential trade bodies. More »Euro Tax 'To Decimate Pensions', Report Says

  • Two Egyptian journalists, critical of Mursi, face trial

    Reuters - Sun, May 19, 2013

    CAIRO (Reuters) - Two Egyptian journalists at a newspaper critical of President Mohamed Mursi were ordered on Sunday to face an expedited criminal trial for defamation. Several journalists, talk show hosts and comedians have been charged with defamation over the last few months and activists accuse the government of using the courts to target its liberal and secular opponents. ... More »Two Egyptian journalists, critical of Mursi, face trial

  • Nigeria offers amnesty to insurgents who surrender

    Reuters - Sun, May 19, 2013

    By Joe Brock MAIDUGURI, Nigeria (Reuters) - Nigeria offered an amnesty on Sunday to Islamist militants who surrender and said 17 people had been killed on the fifth day of a military operation to try to crush the Boko Haram insurgency in the country's northeast. In their biggest offensive since the insurgency began in 2009, Nigerian forces are trying to chase well-armed militants out of territory they control in remote semi-deserts around Lake Chad, along the borders with Cameroon, Chad and Niger. ... More »Nigeria offers amnesty to insurgents who surrender

  • Rod Stewart tops UK album chart for first time in 34 years

    Reuters - Sun, May 19, 2013

    LONDON (Reuters) - Veteran rocker Rod Stewart scored his first British album chart number one in more than 30 years on Sunday with "Time", while the French electro outfit Daft Punk clung to the top of the singles chart, the Official Charts Company said. Stewart, sporting his trademark spiky blonde hairdo, told Reuters that the process of putting together his new autobiography had freed up what is normally a slow song writing process. "I've written some decent songs, but I've never considered myself a songwriter because it doesn't come naturally," he said. ... More »Rod Stewart tops UK album chart for first time in 34 years

  • Dubai labourers stage rare strike for more pay

    Reuters - Sun, May 19, 2013

    By Praveen Menon DUBAI (Reuters) - Thousands of workers employed by Dubai's largest construction firm, Arabtec, stayed away from work on Sunday to back wage demands, a rare labour protest in the Gulf emirate, where trade unions are banned, staff said. Most blue collar workers in the Gulf Arab states are migrant labourers hired on a contract basis from South Asian countries such as India, Pakistan, Bangladesh and Nepal, and strikes are uncommon. ... More »Dubai labourers stage rare strike for more pay

  • AP chief says phone probe makes news sources reluctant to talk

    Reuters - Sun, May 19, 2013

    WASHINGTON (Reuters) - The U.S. Justice Department's seizure of phone records for journalists at the Associated Press is hurting the agency's ability to gather news, the wire service's Chief Executive and President Gary Pruitt said on Sunday. "Officials that would normally talk to us and people we talk to in the normal course of news gathering are already saying to us that they're a little reluctant to talk to us," Pruitt said on CBS's "Face The Nation" program. "They fear that they will be monitored by the government. ... More »AP chief says phone probe makes news sources reluctant to talk

  • Google Faces Fresh Claims On Tax Avoidance

    Sky News - Sun, May 19, 2013

    A former Google executive has accused the company of cheating the taxpayer out of hundreds of millions of pounds. More »Google Faces Fresh Claims On Tax Avoidance

  • Humala's approval rating in Peru slips to six-month low

    Reuters - Sun, May 19, 2013

    LIMA (Reuters) - President Ollanta Humala's approval rating fell 5 points to a six-month low of 46 percent, reflecting the unpopularity of his proposal to buy an oil refinery owned by Spain's Repsol and his support for Venezuela's new government, an Ipsos poll showed on Sunday. The nationwide poll was published by the newspaper El Comercio. Humala abandoned his idea of buying the Repsol oil refinery after business leaders complained it would hurt the private sector and put one of the country's main refineries in the hands of an inefficient state-run firm. ... More »Humala's approval rating in Peru slips to six-month low

  • Winning ticket for $590.5 million Powerball lottery sold in Florida

    Reuters - Sun, May 19, 2013

    By Brendan O'Brien (Reuters) - A single winning ticket for a record U.S. Powerball lottery jackpot worth $590.5 million (£389.3 million) was sold in Florida, organizers said late on Saturday, but there was no immediate word about who won one of the largest jackpots in U.S. history. The winning numbers from Saturday night's drawing were: 10, 13, 14, 22 and 52, with a Powerball number of 11. The odds of winning were put at 1 in 175 million. The winning ticket was sold at a Publix supermarket in Zephyrhills, a suburb of Tampa, according to the Florida Lottery. ... More »Winning ticket for $590.5 million Powerball lottery sold in Florida

  • Netanyahu takes aim at weapons 'leakage' in Syria

    Reuters - Sun, May 19, 2013

    By Jeffrey Heller JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu held out the prospect on Sunday of further Israeli strikes inside Syria, pledging to act to prevent advanced weapons from reaching Hezbollah and other militant groups. Although Israel has not publicly taken sides in the civil war between Syrian President Bashar al-Assad and rebels trying to topple him, Western and Israeli sources say it has launched air strikes in Syria to destroy weapons it believed were destined for Lebanon's Hezbollah. ... More »Netanyahu takes aim at weapons 'leakage' in Syria

  • ENRC details founders' $2.3 billion cash-and-share bid plan

    Reuters - Sun, May 19, 2013

    LONDON (Reuters) - Kazakhstan's government and the trio of founders behind miner ENRC , seeking to take the company private, have offered shares in rival Kazakhmys as well as cash in an indicative proposal valuing the group at just under $5 billion (£3.3 billion). ENRC's billionaire co-founders, Alexander Machkevitch, Alijan Ibragimov and Pathokh Chodiev, said last month they were weighing up a buyout of the miner's minority investors and had the support of the government, which is also a top shareholder. ... More »ENRC details founders' $2.3 billion cash-and-share bid plan

  • MPs consider probe into transparency of mining firms

    Reuters - Sun, May 19, 2013

    By Clara Ferreira-Marques LONDON (Reuters) - Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which MPs fear have dented the stock market's reputation. The chairman of parliament's Committee for Business, Innovation and Skills said on Sunday he would this week propose an inquiry into issues including governance and anticorruption protection at mining and oil companies. The probe could start before the end of the parliamentary session in July. ... More »MPs consider probe into transparency of mining firms

  • With president ailing, Algeria prepares for end of an era

    Reuters - Sun, May 19, 2013

    By Lamine Chikhi and Myra MacDonald ALGIERS (Reuters) - Three weeks after being rushed to hospital in Paris, Algerian President Abdelaziz Bouteflika has disappeared from sight, leaving behind a country preparing for a successor who for the first time will come from a generation too young to have fought in Algeria's war of independence against France. In a country run with Soviet-style secrecy, nobody is sure how sick Bouteflika is. ... More »With president ailing, Algeria prepares for end of an era

  • South Africa finds collusion, manipulation in Gupta scandal

    Reuters - Sun, May 19, 2013

    By Agnieszka Flak JOHANNESBURG (Reuters) - South Africa's justice minister on Sunday accused an Indian High Commission official and some South Africans of colluding to obtain permission for a plane chartered by a rich family close to President Jacob Zuma to use an air force base to land. The affair - dubbed "Guptagate" after the influential Indian-born Gupta family - has transfixed South Africa since the private flight landed at Pretoria's Waterkloof Air Force base last month with nearly 200 guests for a lavish family wedding. ... More »South Africa finds collusion, manipulation in Gupta scandal

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