Impact of China's demand for iron ore on shipping industry

SINGAPORE : China's appetite for iron ore may be among the few bright spots for the shipping industry this year, although there are still many empty vessels plying the waterways.Analysts have said that those unable to wait out the recovery are likely to go under.After years of low freight rates, overcapacity and few cargoes, dry bulk shipping firms are finally seeing the light on the horizon....

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Afzal Guru allegedly justified Parliament attack in letter written four years ago

SRINAGAR: Parliament attack convict Mohammad Afzal Guru had in a letter, purportedly written by him over four years ago, said that there was no need to be ashamed of the December 13 attack on Parliament, but had stopped short of owning any responsibility for it. In the letter written to editor of a local Urdu weekly, Guru, who was hanged in Delhi's Tihar jail on February 9, asked Hizbul Mujahideen...

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FDA approves new targeted breast cancer drug

WASHINGTON (AP) — The Food and Drug Administration has approved a first-of-a-kind breast cancer medication that targets tumor cells while sparing healthy ones.The drug Kadcyla from Roche combines the established drug Herceptin with a powerful chemotherapy drug and a third chemical linking the medicines together. The chemical keeps the cocktail intact until it binds to a cancer cell, delivering a potent...

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Powers to offer Iran sanctions relief at nuclear talks: U.S. official

ALMATY (Reuters) - Major powers will offer Iran some sanctions relief during talks in Almaty, Kazakhstan, this week if Tehran agrees to curb its nuclear program, a U.S. official said on Monday. However, the Islamic Republic could face more economic pain if the standoff remains unresolved, the official said ahead of the February 26-27 meeting, speaking on condition of anonymity. ...

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Fidel Castro backs move to younger leadership: report

HAVANA: Fidel Castro and the Cuban communist party have given the green light for reforms paving the way for a new, younger generation of leaders in the single-party state, state media said Monday.As expected, Sunday's session of Cuba's National Assembly re-elected Castro's 82-year-old brother Raul to serve a second and final five-year presidential term.But the assembly also promoted Miguel...

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Chopper scam: CBI names ex-IAF chief SP Tyagi as suspect

NEW DELHI: Former Air Force chief SP Tyagi has been named in a CBI preliminary enquiry (PE) on allegations of kickbacks in the Rs 3,600 crore VVIP chopper deal, becoming the second former defence services chief to figure in the agency probe. Besides the former IAF chief, 10 others including his cousins — Julie, Docsa and Sandeep Tyagi have also been named besides four companies in the PE, CBI sources...

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FDA approves new targeted breast cancer drug

WASHINGTON (AP) — The Food and Drug Administration has approved a first-of-a-kind breast cancer medication that targets tumor cells while sparing healthy ones.The drug Kadcyla from Roche combines the established drug Herceptin with a powerful chemotherapy drug and a third chemical linking the medicines together. The chemical keeps the cocktail intact until it binds to a cancer cell, delivering a potent...

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Crash at Daytona Exposes Risks to Fans

The risks of racing extend beyond the drivers.Fans can wind up in the danger zone, too.A horrifying crash on the last lap of a race at Daytona International Speedway injured at least 30 fans Saturday and provided another stark reminder of what can happen when a car going nearly 200 mph is suddenly launched toward the spectator areas.The victims were sprayed with large chunks of...

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Frustrated Italians vote in crucial election for euro zone

ROME (Reuters) - Italians voted on Sunday in one of the most closely watched and unpredictable elections in years, with pent-up fury over a discredited elite adding to concern it may not produce a government strong enough to lead Italy out of an economic slump. The election, which concludes on Monday afternoon, is being followed closely by investors; their memories are still fresh of...

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Egypt protesters block doors to Cairo administrative hub

CAIRO: Protesters on Sunday blocked the doors to Cairo's main administrative building as part of a growing campaign of civil disobedience around the country against Islamist President Mohamed Morsi.A group of protesters closed the doors of the Mugamma, a massive labyrinth of bureaucratic offices on the edge of Tahrir Square, leaving only a side exit for employees to leave, employees told...

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