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  • One trillion euro tax evasion to be tackled says Barroso One trillion euro tax evasion to be tackled says Barroso

    BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...

  • Overall economy likely to pick up in Q2 says German central bank Overall economy likely to pick up in Q2 says German central bank

    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 ...

  • GrubHub and Seamless to merge GrubHub and Seamless to merge

    WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...

  • Housing market picking up in UK Housing market picking up in UK

    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 ...

  • President Karzai invites CII to set up healthcare and skill building centers in Afghanistan

    In an exclusive interaction with a group of CII CEOs , President Karzai called for Indian Investment in prominent sectors including Healthcare, Agri business, Telecom and Capacity Building. He briefed the Indian investors on emerging business opportunities in Afghanistan and take advantage of the business friendly regime and investment climate. He highlighted that Agriculture is a priority ...


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Movie Review

Fear and Loathing in Las Vegas [DVD]

Fear and Loathing in Las Vegas [DVD]

About midway through Fear and Loathing in Las Vegas, Raoul Duke, the alter-ego of gonzo journalist and cult icon Hunter S. Thompson, is standing in the middle of a Las Vegas casino, completely blitzed out of his mind on any number of drugs, and in the voice-over narration, we hear him asking himself what he is doing there. He is supposed to be there covering a cross-country motorcycle race ... ...

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  • Costing Institute celebrates Annual Day

    The Institute of Cost Accountants of India celebrated its Annual Day in which Mr. K. Rahman Khan, Minister of Minority Affairs was the Chief Guest and Mr. M.J.Joseph, Additional Secretary,Ministry of Corporate Affairs was the Guest of Honor. Cost Accountants from across the country, other distinguished guest and luminaries attended the event which was held at Hotel Oberoi. In the inaugural ...

  • Bank mergers could lead to too-big-to-fail entities Chidambaram

    Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks. Addressing the Annual Day function of the Competition Commission of India (CCI) here yesterday, he underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world. "Are our regulators well ...

  • Russia needs 3 to 5 years for an efficient economy

    Russia will need three to five years to exit stagnation and build an efficient economy, former finance minister Alexei Kudrin has said. "Even if we roll up our sleeves and set to work right now, we'll need from three to five years to achieve new elements of efficiency," Kudrin said at an Open Tribune meeting held by the State Duma, the lower house of Russia's parliament. He also said the ...

  • Actavis buying Warner Chilcott in $8.5bn deal

    WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...

  • Morgan Stanley to sell Indian private banking arm to StanChart

    MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...

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