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Italian fund buys 37.5% stake in Aston Martin: report 07 Dec 2012 - 02:36 pm

ROME: Italian private equity fund Investindustrial has bought a 37.5 percent stake in legendary British carmaker Aston Martin, the companies said in a...

Makeshift bomb explodes outside Greek ex-minister's home 07 Dec 2012 - 02:25 pm

ATHENS: A small makeshift bomb exploded outside the home of a former Greek finance minister on Friday, torching two of his cars but...

Singapore casino resort urged to free dolphins 07 Dec 2012 - 01:23 pm

SINGAPORE: Animal rights activists on Friday renewed calls for a Singapore casino complex to free dolphins it acquired for a marine park, threatening...

Philippines puts off South China Sea talks 07 Dec 2012 - 01:10 pm

MANILA: The Philippines said Friday it had put off four-way talks due next week over rival claims to the South China Sea but...

Tsunami hits Japan after 7.3-magnitude quake 07 Dec 2012 - 01:03 pm

TOKYO: A one metre-high tsunami hit northeast Japan on Friday, after a powerful undersea quake struck off the coast which was devastated in...

Billionaire Aldi heir dies aged 58 07 Dec 2012 - 01:01 pm

FRANKFURT: German billionaire Berthold Albrecht, heir to the Aldi supermarket chain and one of Germany's richest men, has died aged 58, his family...

Nepal leaders get six more days to ink unity deal 07 Dec 2012 - 12:47 pm

KATHMANDU: Nepal's president on Friday gave rival political parties a second extension to a deadline for forming a national unity government to lead...

Financial Times Deutschland wears black on last day 07 Dec 2012 - 12:46 pm

FRANKFURT: Loss-making daily Financial Times Deutschland, launched 12 years ago as the German-language sister of the Financial Times, blacked out its front page...

First gathering of Gulf businesswomen to begin in Muscat on Sunday 07 Dec 2012 - 12:17 pm

MUSCAT: The first three-day forum of Gulf businesswomen, organized by Oman Chamber of Commerce and Industry (OCCI) in collaboration with the Federation of...

Qatar lowers Nov Marine crude OSP to $109.35/bbl 07 Dec 2012 - 09:53 am

TOKYO: Qatar has lowered its November retroactive official selling price (OSP) for Qatar Marine crude to $109.35 a barrel, down 60 cents per...

Inspecting Iran's Parchin site would be 'useful': IAEA 07 Dec 2012 - 09:31 am

WASHINGTON: UN nuclear inspections at a military complex near Tehran would be "very useful" despite extensive earth-moving work there by Iranian authorities, the...

Indonesia's sports minister resigns amid graft probe 07 Dec 2012 - 09:30 am

JAKARTA: Indonesia's sports minister stepped down Friday after being named a suspect in a multi-million-dollar corruption case, in the latest scandal to hit...

Tokyo shares mixed at close 07 Dec 2012 - 09:26 am

TOKYO: Tokyo stocks ended mixed on Friday, as investors took a wait-and-see stance ahead of the weekend without many incentives to move the...

Al Azhar urges Mursi to suspend new powers 07 Dec 2012 - 05:34 am

Members of the Republican Guard close a road leading to the Presidential Palace in Cairo yesterday. CAIRO: Egypt’s top Islamic body yesterday called...

ICRC in touch with Assad regime on chemical arms 07 Dec 2012 - 05:34 am

CAIRO: Egypt’s top Islamic body yesterday called on President Mohammed Mursi to suspend a decree in which he claimed sweeping powers and demanded...

A million may be hungry as winter bites 07 Dec 2012 - 05:33 am

DUBAI: Worsening security in Syria means aid groups are unable to reach a million people who may be going hungry as winter closes...

Ban urges Iraq, Kuwait to seize historic chance to normalise ties 07 Dec 2012 - 05:33 am

BAGHDAD: UN chief Ban Ki-moon called in Baghdad yesterday for Iraq and Kuwait to seize a “historic opportunity” to normalise ties, and also...

Israel, Germany reaffirm ties but clash on settlements 07 Dec 2012 - 05:33 am

BERLIN: Israeli Prime Minister Benjamin Netanyahu clashed with German Chancellor Angela Merkel yesterday over new Jewish settlements but both were at pains to...