Dollar edges higher as Bernanke confirms stimulus

NEW YORK: The dollar edged higher Tuesday against the euro after Ben Bernanke confirmed the US Fed's stimulus program would continue, while the yen traded flat ahead of the nomination of a new Bank of Japan chief.At 2200 GMT the euro was at $1.3061, compared to $1.3065 late Monday. The euro remained under pressure after Italy's inconclusive election, which some fear could lead to more...

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Rail Budget 2013: Raising funds an uphill journey

When he hiked passenger fares in late January, railway minister Pawan Kumar Bansal had argued that the extent to which freight earnings had been used to subsidise passenger operations was unsustainable. On Tuesday, however, he said he would not affect any changes in passenger fares while imposing an across-the-board 5.8% increase in freight rates.According to Bansal, losses on passenger operations...

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A History of Balloon Crashes

A hot-air balloon exploded in Egypt yesterday as it carried 19 people over ancient ruins near Luxor. The cause is believed to be a torn gas hose. In Egypt as in many other countries, balloon rides are a popular way to sightsee. (Read about unmanned flight in National Geographic magazine.)The sport of hot-air ballooning dates to 1783, when a French balloon took to the skies with a sheep,...

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Senate Votes to Confirm Hagel as Defense Secretary

After a tough two-month battle characterized by tough interrogation and a partisan divide, the Senate voted 58-41 to confirm Chuck Hagel -- President Obama's nominee -- as secretary of defense this afternoon.Only four Republicans broke party lines to vote in Hagel's favor. They included Sens. Thad Cochran of Mississippi, Richard Shelby of Alabama, Mike Johanns of Nebraska and...

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NY Times to rebrand Herald Tribune in its own image

NEW YORK: For a decade the International Herald Tribune has been the global edition of the New York Times in all but name. On Monday, the parent company made it official.In a statement, the New York Times Company said the 125-year-old offshoot of the defunct New York Herald Tribune will be rechristened sometime this fall as the International New York Times."The digital revolution has turned...

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94% women feel unsafe travelling alone in India, survey finds

NEW DELHI: The Delhi gang-rape incident has not just bruised the image of the national Capital, but the country as well. A travel survey has found that 94% women feel unsafe traveling alone, while 84% voted for Delhi as the most unsafe metro. The findings come at a time when an increasing number of women admitted that they preferred to travel alone both for work and leisure. TripAdvisor, a leading...

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Sharks Warn Off Predators By Wielding Light Sabers

Diminutive deep-sea sharks illuminate spines on their backs like light sabers to warn potential predators that they could get a sharp mouthful, a new study suggests.Paradoxically, the sharks seem to produce light both to hide and to be conspicuous—a first in the world of glowing sharks. (See photos of other sea creatures that glow.)"Three years ago we showed that velvet belly lanternsharks...

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Arias Had No Remorse: Prosecutor

Prosecutor Juan Martinez hammered alleged murderer Jodi Arias today with accusations that she felt no remorse when she lied over and over again about killing her ex-boyfriend, Travis Alexander."Ma'am you have a problem with telling the truth don't you?" Martinez asked as his first question today, the 11th day Arias has been on the stand explaining her role in Alexander's death."Not...

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Brazil cardinal suggests church look to Latin America

APARECIDA: Catholicism in Latin America is "lively and dynamic," Brazilian Cardinal Raymundo Damasceno Assis said Sunday, suggesting that the church look to Latin America for leadership.Damasceno is one of the 117 "cardinal electors" that will participate in the upcoming conclave to elect a new pope. No favourite has to succeed Pope Benedict XVI, who announced that he is stepping down...

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Riyaz Bhatkal: Shy student to terror mastermind

MUMBAI: Seventeen-year-old Riyaz Shahbandri from Kurla was a shy civil engineering student at Nagpada's Saboo Siddik polytechnic in 1993. He would maintain a low profile and hardly participated in any college events. However, girls found his chocolate-boy looks appealing. Two decades later, he began making headlines as Riyaz Bhatkal, a suspected terrorist who has killed more people than the feared...

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