A SpiceJet passenger aircraft taxis on the runway at the airport next to a slum area in Mumbai December 19, 2014. REUTERS/Shailesh Andrade

Co-founder of SpiceJet seeks time to finalise rescue

The entrepreneur behind a high-profile effort to rescue Indian carrier SpiceJet has asked for more time to finalise funding plans, a government official with direct knowledge of the matter said on Monday.  Full Article 

Asia shares pause after Wall Street peak, dollar stands tall 7:21am IST

SYDNEY - A holiday lull settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices suffered a stinging setback after Saudi Arabia quashed all thought of curbing supply.

A man looks at a screen across the road displaying the election results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai May 16, 2014. REUTERS/Danish Siddiqui/Files
Markets

India in 2014: A dream run for markets

The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe Modi will not fritter away his mandate and deliver on his promise, albeit with a delay.  Full Article | Graphic: One-year performance of the Sensex 

A magnifying glass is held in front of a computer screen in this picture illustration taken in Berlin May 21, 2013. REUTERS/Pawel Kopczynski/Files
Cybersecurity

Internet outage seen in North Korea

North Korea, at the center of a confrontation with the United States over the hacking of Sony pictures, experienced Internet outages on Monday, a U.S. company that monitors Internet infrastructure said.  Full Article 

Russia's former Finance Minister Alexei Kudrin attends the Reuters Russia Investment Summit in Moscow September 22, 2014. REUTERS/Sergei Karpukhin/Files

Kudrin warns of "full-fledged crisis" in Russia

Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.  Full Article 

Chelsea's Cesc Fabregas celebrates after scoring the second goal during their English Premier League soccer match against Stoke City at the Britannia Stadium in Stoke-on-Trent, northern England December 22, 2014. REUTERS/Darren Staples

Chelsea three clear after easing to win at Stoke

John Terry's early header and Cesc Fabregas's second-half strike restored Chelsea's three-point Premier League lead heading into a busy Christmas programme after a 2-0 win at Stoke City.  Full Article 

A health worker escorts a newly admitted Ebola patient in to the Kerry town Ebola treatment centre outside Freetown December 22, 2014. REUTERS/Baz Ratner

Can the blood of Ebola survivors create a cure?

For months, Vanderbilt University researcher Dr. James Crowe has been desperately seeking access to the blood of U.S. Ebola survivors, hoping to extract the proteins that helped them overcome the deadly virus for use in new, potent drugs.  Full Article 

Latest Headlines

Politics

A SpiceJet passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in Ahmedabad January 8, 2014. REUTERS/Amit Dave/Files

SpiceJet rescue is no fix for India aviation woes

SpiceJet’s woes are all too familiar. India is cajoling banks to lend to the country’s second largest single-brand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat of the failure of Kingfisher Airlines. Even if the rescue works, exorbitant fuel taxes and lack of a bankruptcy law will keep the industry stuck in an air pocket.  Full Article 

The logo of car-sharing service app Uber on a smartphone.

Uber’s law flouting could bring joyride to a halt

Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast.  Full Article 

Mohamad Bazzi

Saudi Arabia is playing chicken with its oil

Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war.  Commentary 

ODDLY ENOUGH