A woman tries a gold ring at a jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in Mumbai October 21, 2014. REUTERS/Danish Siddiqui

Gold sales jump about 20 pct for Diwali - trade body

Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.  Full Article 

Wal-Mart India appoints Murali Lanka operations chief 2:27pm IST

MUMBAI - Wal-Mart Stores Inc's India unit said it had appointed company veteran Murali Lanka to the newly created position of chief operations officer to lead store operations and business development in the world's second most populous country.

China's President Xi Jinping (front C) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing October 24, 2014.  REUTERS/Takaki Yajima/Pool
Global Economy

China launches World Bank rival in Asia

China launched the Asian Infrastructure Investment Bank in Beijing on Friday at a ceremony attended by Chinese finance minister Lou Jiwei and delegates from 21 countries including India, Thailand and Malaysia. The proposed $50 billion entity, seen as a challenge to the World Bank and Asian Development Bank, aims to give project loans to developing nations.   Full Article 

Villarreal's Robert Pires reacts during a news conference in Villarreal, April 6, 2009. REUTERS/Heino Kalis/Files

ISL probes allegation of assault on Pires

The Indian Super League (ISL) said on Friday it is looking into allegation that former France midfielder Robert Pires was punched in the face by an opposition coach during a halftime altercation in Thursday's match in Goa.  Full Article 

Picture taken from the official Facebook  page for the movie https://www.facebook.com/MargaritaWithAStraw

Kalki on her role in “Margarita, With a Straw”

Kalki Koechlin is one of the few actresses in recent years to build her star power while proving her talent in indie and mainstream Indian cinema. This year, she plays Laila, a teenager who is afflicted with cerebral palsy in Shonali Bose’s “Margarita, With a Straw”. Koechlin spoke to Reuters about her role in the film and spending two months in a wheelchair for the part.  Full Article 

Unemployed hairdresser and mother-of-three Yasmin Rubiano looks at documents at her flat in Madrid June 30, 2014.  REUTERS/Juan Medina

Why Madrid's poor fear private equity investors

Thousands of Spain’s poor now depend for their homes on the generosity of private equity investors including Goldman Sachs and Blackstone, who bought their rent-controlled flats last year, as they face demands for higher rent and threat of eviction.  Full Article 

Pro-democracy protesters brave heavy rains under a make-shift tent while blocking a main road at Mongkok shopping district in Hong Kong October 22, 2014.  REUTERS/Bobby Yip
Asia

HK protesters to vote on government proposals

Pro-democracy protesters in Hong Kong say they will hold a straw poll on government proposals they had rejected earlier in the week as the campaign in city entered the fifth week on Friday.  Full Article 

A woman leaves a message at a makeshift memorial in honour of Cpl. Nathan Cirillo outside of The Lieutenant-Colonel John Weir Foote Armoury in Hamilton, October 23, 2014.    REUTERS/Mark Blinch
Canada Shooting

Gunman had troubled, transient past

The gunman who killed a soldier in Ottawa and then raced through parliament before being shot dead was a misfit and perhaps mentally ill, according to police, friends and family, while his troubled and transient past included robbery and drug offences.  Full Article 

South African Olympic and Paralympic track star Oscar Pistorius reacts after he was sentenced at the North Gauteng High Court in Pretoria October 21, 2014. REUTERS/Themba Hadebe/Pool
Pistorius Verdict

Race, crime and punishment in South Africa

As Oscar Pistorius spent his first day behind bars this week, a suspected child rapist and murderer went on trial at the same Pretoria court in a case that has also provoked fierce debate about crime and punishment in post-apartheid S. Africa. Although the two defendants are from opposite ends of a still-divided society, both cases have revealed an alarming lack of faith in the justice system.   Full Article 

Latest Headlines

Peace Laureate's Call

Children's right activist Kailash Satyarthi laughs at his office in New Delhi October 10, 2014. REUTERS/Adnan Abidi

Spend less on arms, more on schools, says Nobel laureate Satyarthi

Countries around the world should cut their defence budgets and invest in education if child labour is to be eradicated, said Nobel laureate Kailash Satyarthi. Satyarthi founded the charity Bachpan Bachao Andolan (Save the Childhood Movement) in 1980 and has helped rescue over 80,000 children - many of whom were trafficked from poor rural villages.  Full Article 

John Lloyd

Lessons of Ebola: Unequal in life, unequal in death

Dr. Margaret Chan, who leads the WHO, sent her chief of staff to a WHO regional conference in Manila to spotlight something we rarely keep in our conscious mind and don’t, collectively, do much about: Inequalities can be a matter of ever-longer life, or a most miserable death: Inequalities can be a matter of ever-longer life, or a most miserable death.   Commentary 

Being the ‘indispensable nation’ is killing American democracy

Being the ‘indispensable nation’ is killing American democracy

America — proudly dubbed the “indispensable nation” by its national-security managers — is now the entangled nation enmeshed in conflicts across the globe. The indispensable nation is permanently engaged across the globe. But endless war undermines the Constitution.   Commentary 

Oil pumping machine.

Cheap oil is no tonic for Asian economies

Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling. The big exceptions are India and Indonesia. For them, the price slide over the past 4 months translates into significant budgetary savings.  Full Article 

Ebola Outbreak

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