Directors of Stanbic IBTC Bank on Tuesday got the blessing of shareholders to write off total goodwill of about N46.585 billion arising from the mergers it undertook in 2005 and 2007 involving four banking institutions. This was contained in an explanatory statement to the shareholders by the chairman of the Bank, Mr. Atedo Peterside. He […]
“Peace process a historical necessity for India, Pakistan” : Mufti Sayeed
Jammu, December 20 – Stressing on the need of initiating more confidence building measures to establish lasting peace in this region, the former Chief Minister and patron of the Peoples Democratic Party (PDP) Mufti Mohammad Sayeed on Saturday said that Mumbai attack is an inhuman act but such heinous incident should not be allowed to […]
China: Who to Blame for Deadly Subway Tunnel Collapse?
A striking moment: Ye, a daily paid worker on the construction site, recalled what happened at the moment. “A BANG was heard shortly after some one crying ‘run! The steel bars are falling!”’, he described, “and soon the tunnel started to collapse from the south to north.” This collapse he recalled has dominated the […]
Zardari, Nawaz vow to resolve crises
President Asif Ali Zardari and PML-N Quaid Mian Nawaz Sharif on Saturday came face-to-face after a gap of about two months at a family dinner and resolved to continue cooperation on issues of national interest and implementation of the Charter of Democracy. The dinner, hosted in honour of Mian Nawaz Sharif and his wife Begum […]
In Second Try, House Approves Bailout
House Passes Bailout The House voted in favor of a revised $700 billion bailout plan Friday, capping a tumultuous week on Capitol Hill. The House of Representative voted Friday afternoon to pass the bailout bill, following Wednesday’s approval by the Senate. In a 263-171 vote, the Democrats had 172 yeas to 63 nays, and […]
Is Kosovo Heading for Partition?
As new constitution comes into force, communal divisions and a row over the international presence threaten to split province. By Nedim Sarac in Sarajevo Kosovo’s first constitution, which came into effect on June 15, could further inflame ethnic tensions in the province and even lead to partition, say analysts. “The new constitution shows that Kosovo […]