• Egypt tries to save money on wheat subsidies

    Associated Press - 31 minutes ago

    CAIRO (AP) — Egypt will try to save half the money it spends on wheat subsidies by issuing a new smart card system to ensure that the cheap bread goes to only the neediest. More »Egypt tries to save money on wheat subsidies

  • Baidu profit up 24.1 percent on strong ad revenue

    Associated Press - 31 minutes ago

    BEIJING (AP) — Baidu Inc., operator of China's most popular Internet search engine, said Friday its quarterly profit jumped 24.1 percent over a year earlier as its mobile business grew. More »Baidu profit up 24.1 percent on strong ad revenue

  • Alibaba's founders set up charitable trust seen valued at $3 billion

    Reuters - 31 minutes ago

    The founders of Chinese internet company Alibaba Group Holding Ltd have set up a charitable trust focusing on the environment and health that could be worth as much as $3 billion, making it one of the biggest in Asia. Jack Ma, Alibaba's founder and executive chair, and Joe Tsai, a co-founder of Alibaba, created the trust that will be funded by share options that represent about 2 percent of their combined equity in Alibaba, the company said in a statement on its microblog on Thursday. Alibaba, founded 15 years ago by Ma, has cornered the Chinese Internet consumer market and expanded into everything from online auctions to messaging and payments. More »Alibaba's founders set up charitable trust seen valued at $3 billion

  • Nikkei edges up, inflation data keeps easing hopes alive

    Reuters - 32 minutes ago

    Tokyo's Nikkei edged up on Friday, helped by a slightly lower-than-expected inflation print for April which reinforced some hopes for further monetary easing by the Bank of Japan. The Nikkei's gains were limited by weakness in other Asian bourses, notably Chinese shares, and as investors cut positions ahead of the weekend. More »Nikkei edges up, inflation data keeps easing hopes alive

  • Top Asian News at 7:00 a.m. GMT

    Associated Press - 33 minutes ago

    SEOUL, South Korea (AP) — President Barack Obama is sitting down with South Korea's President Park Geun-hye, whose attention is unavoidably split between her economic agenda with Obama and the unfolding aftermath of a tragic ferry disaster. Obama was due at the Blue House, the South Korean equivalent of the White House, on Friday for a busy evening of meetings with Park, including a working dinner and a news conference. The visit is Obama's first to Seoul since Park became the key U.S. ally's first female president, but Park has been consumed for more than a week by the sunken ferry, a dark episode that keeps getting worse as divers discover more bodies. More »Top Asian News at 7:00 a.m. GMT

  • Pacers on the ropes after another loss to Hawks

    Associated Press - 33 minutes ago

    ATLANTA (AP) — The Indiana Pacers are questioning their toughness and dealing with speculation about a lineup change. More »Pacers on the ropes after another loss to Hawks

  • Court hears Fla. case on tracking suspect phones

    Associated Press - 34 minutes ago

    MIAMI (AP) — A federal appeals court in South Florida is considering whether investigators are required to obtain a warrant before obtaining cellphone records detailing a suspect's movements. More »Court hears Fla. case on tracking suspect phones

  • HK bankers add to calls for democracy from Beijing

    Associated Press - 35 minutes ago

    HONG KONG (AP) — A group of Hong Kong finance industry professionals are pledging to join an Occupy-style movement to protest growing influence from Beijing that they say is undermining the Asian financial hub's economy. More »HK bankers add to calls for democracy from Beijing

  • Obama wraps up Japan visit after security pledge but no trade deal

    Reuters - 37 minutes ago

    By Linda Sieg and Matt Spetalnick TOKYO (Reuters) - U.S. President Barack Obama wrapped up a state visit to Japan on Friday during which he assured America's ally that Washington would come to its defence, but failed to clinch a trade deal key to his "pivot" to Asia and to Prime Minister Shinzo Abe's reforms. Obama and Prime Minister Shinzo Abe had been seeking to display the alliance was strong in the face of a rising China, but their success in putting recent strains behind them was partly marred by a failure to reach a trade deal seen as crucial to a broader regional pact. Obama and Abe had ordered their top aides to make a final push to reach a trade agreement after the leaders met on Thursday, but Economy Minister Akira Amari told reporters that gaps remained despite recent progress. More »Obama wraps up Japan visit after security pledge but no trade deal

  • Underwater search area for MH370 to widen

    IANS India Private Limited/Yahoo India News - 37 minutes ago

    Canberra, April 25 (IANS) As the 13th-day of the underwater search for the missing Malaysia Airline flight MH370 begins Friday, the hunt is all set to widen as the sonar scan of the depths of the Indian Ocean nears completion. The autonomous underwater vehicle (AUV) Bluefin-21 has so far searched 95 percent of a 310 sq km area, 10 km in radius and 4.5 km deep off the west Australian coast around the second towed pinger locator detection from April 8, without yielding a single result, Xinhua reported. "If no contacts of interest are made, Bluefin 21 will continue to examine the areas adjacent to the 10 km radius. We are currently consulting very closely with our international partners on the best way to continue the search into the future," the Joint Agency Coordination Centre (JACC) said Friday. More »Underwater search area for MH370 to widen

  • Your Top Plays for Today

    Associated Press - 39 minutes ago

    Your Top Plays for Today: AP's Sports Guide More »Your Top Plays for Today

  • ACC, Ambuja slump on non-operational boost in earnings

    Reuters - 40 minutes ago

    Reuters Market Eye - Shares in ACC Ltd and Ambuja Cements India Ltd fall even as their earnings beat forecasts as dealers say other income and tax credit contributed significantly to their net profits. ACC falls 3.6 percent even after reporting on Thursday March-quarter net profit of 3.99 billion rupees ($65.35 million), above consensus forecasts for 3.37 billion rupees. Ambuja Cement is down 4.2 percent after the company reported on Friday a forecast-beating 6.6 percent rise in quarterly profit from a year earlier. Ambuja's net profit was helped after other income rose by 53.2 percent to 1.32 billion rupees from a year earlier, according to company's filing. More »ACC, Ambuja slump on non-operational boost in earnings

  • How Climate Change is Going To Affect India. Specifically.

    Grist Media - 41 minutes ago

    A new set of reports by UN’s Intergovernmental Panel on Climate Change point to the rising incidence of freak weather occurrences, and the very real impact of these on our lives. Of course we’ve all heard of global warming, but here’s how it affects us directly in India, and here’s why you should care. More »How Climate Change is Going To Affect India. Specifically.

  • Ultrasound device to identify 'vulnerable' plaque

    IANS India Private Limited/Yahoo India News - 43 minutes ago

    Washington, April 25 (IANS) Imagine an ultrasound device that could help identify unsafe arterial plaque that is at high risk of breaking off and causing heart attack or stroke. Researchers from North Carolina (NC) State University and University of North Carolina at Chapel Hill have developed an ultrasound device that will help identify "vulnerable" plaque that increases risk of heart attack or stroke. Some types of plaque are deemed "vulnerable", meaning that they are more likely to detach from the artery wall and cause heart attack or stroke. "The problem is that existing intravascular ultrasound technology does not do a very good job in detecting contrast agents," added Xiaoning Jiang, an associate professor at NC State. More »Ultrasound device to identify 'vulnerable' plaque

  • World's first self-cleaning car is here

    IANS India Private Limited/Yahoo India News - 45 minutes ago

    London, April 25 (IANS) What if your car never gets dirty even when you come back home after a long countryside drive? Japanese car-maker Nissan has unveiled a 'self-cleaning' car with 'nano-paint technology' that repels dirt before it gets a chance to take hold on the paintwork. "The Nissan 'Note' is the first car to trial paint technology which could make car washes obsolete," a company spokesperson was quoted as saying. According to a company press release, "by creating a protective layer of air between the paint and environment, the technology effectively stops standing water and road spray from creating dirty marks on the car's surface". More »World's first self-cleaning car is here

  • Asian shares, dollar struggle on Ukraine anxiety

    Reuters - 46 minutes ago

    By Lisa Twaronite TOKYO (Reuters) - Asian stocks stumbled on Friday and the dollar languished against a basket of currencies, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. President Barack Obama was expected to speak to European leaders on Friday to try to nudge the European Union towards fresh sanctions against Russia, sources familiar with the matter said. Ukrainian forces killed up to five pro-Russia separatists on Thursday and Russia conducted army drills near the border, raising fears its troops would invade. More »Asian shares, dollar struggle on Ukraine anxiety

  • Artificial skin layer grown in lab

    IANS India Private Limited/Yahoo India News - 47 minutes ago

    London, April 25 (IANS) In a major breakthrough, scientists have been successful in developing the first lab-grown epidermis - the outermost skin layer - which could replace animals in drug and cosmetics testing. The new epidermis, grown from human pluripotent stem cells (iPSC), could also help develop new therapies for rare and common skin disorders. The research, done by King's College London and the San Francisco Veteran Affairs Medical Center (SFVAMC), describes the use of human induced iPSC to produce an unlimited supply of pure keratinocytes - the predominant cell type in the outermost layer of skin. This closely matches keratinocytes generated from human embryonic stem cells (hESC) and primary keratinocytes from skin biopsies. More »Artificial skin layer grown in lab

  • NTT DoCoMo to sell Tata Teleservices stake if targets not achieved

    Reuters - 48 minutes ago

    Japan's NTT DoCoMo Inc said on Friday it would exercise the option to sell its 26.5 pct stake in Tata Teleservices Ltd by June if the Indian mobile phone joint venture failed to achieve performance targets for the financial year that ended last month. The sale price would be 72.5 billion rupees ($1.19 billion) - the equivalent to half of the original acquisition price - or a "fair market price", whichever was higher, as agreed when DoCoMo made the initial investment in 2009, Japan's top mobile phone services operator said in a statement. The agreement allows DoCoMo to sell the stake to Tata Sons Ltd, it added. More »NTT DoCoMo to sell Tata Teleservices stake if targets not achieved

  • Tornado shelters face dilemma with pet lovers

    Associated Press - 49 minutes ago

    OKLAHOMA CITY (AP) — Jerry Starr thought he was taking the safe approach when a twister was reported heading toward his suburban neighborhood outside Oklahoma City last May. He grabbed his teenage daughter Dyonna and his dog and drove to the local City Hall, which serves as a public storm shelter. More »Tornado shelters face dilemma with pet lovers

  • KPN sales fall; barely profitable in first quarter

    Associated Press - 50 minutes ago

    AMSTERDAM (AP) — Royal KPN NV, the Dutch telecommunications company partly owned by Mexican billionaire Carlos Slim, says revenues fell in the first quarter and earnings dropped 98 percent due to falling profitability of its mobile businesses, and a shrinking business market in the Netherlands. More »KPN sales fall; barely profitable in first quarter

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