WASHINGTON: US consumer prices fell in May by the most in more than three years as households paid less for gasoline, possibly giving the US Federal Reserve more room to help an economy that is showing signs of weakening. Another government report on Thursday pointed to persistent weakness in the labor market as the number of Americans filing new claims for unemployment benefits last week rose for the fifth ...

  KARACHI: The Karachi Stock Exchange (KSE) on Thursday witnessed bullish trend in trading as the investors took fresh positions aggressively in almost all sectors and the benchmark KSE-100 index registered healthy increase of 287.31 points to close at 13,656.20 points. Market opened on strong positive note and the index hit 13,689.31 points intra-day high level, up 320.42 points. However, profit takin ...

MUMBAI: Aishwarya Rai recently took time out from her work commitments to go shopping for her daughter, Aaradhya, in London. A few onlookers at London’s famous Regent Street spotted the former beauty queen-turned-actress with her bundle of joy, who was born in November 2011. “Just saw Aishwarya Rai with the baby in Regent Street at the Gap store shopping for the baby! Whooaa,” tweeted an excited onlooker. A ...

  LONDON: Prime Minister David Cameron faces an uncomfortable appearance before the press-ethics inquiry on Thursday, with the spotlight set be shone on his links to Rupert Murdoch's media empire. Cameron's testimony is scheduled to take up a full six-and-a-half-hour day of the televised inquiry at London's Royal Courts of Justice, and is likely to focus on his relationships with former Murdoch high-fl ...

  WELLINGTON: "Xena: Warrior Princess" actress Lucy Lawless pleaded guilty in a New Zealand court Thursday to unlawfully boarding a ship in protest at plans to search for oil off Alaska. The actress said she had no regrets about joining a group of Greenpeace activists who occupied the oil-drilling ship Noble Discoverer for three days in February in a bid to prevent it sailing from New Zealand to the Ar ...

  WASHINGTON: The United States and India sought to dispel doubts over their relationship as a US company signed a deal on nuclear power, long a source of disappointment between the countries. Secretary of State Hillary Clinton, who once called US affection for India an "affair of the heart," said that the world's two largest democracies had entered a "new and more mature phase" in their partnership. " ...

  President Asif Ali Zardari. ISLAMABAD: A delegation of the Muttahida Qaumi Movement (MQM) met with President Asif Ali Zardari at the presidential house on Wednesday, according to a statement issued by the MQM. Topics like Karachi’s law and order situation, extortion mafia and kidnapping for ransom came under discussion during the meeting. Zardari taking serious notice of the unrest in Karachi ordered ...

Energy savers are expected to reduce demand by over 1,000MW and save $1.84 billion. MIRPUR (AJK): The Pakistan Electric Power Company (Pepco) has signed a supply contract for 20 million Compact Fluorescent Lamps (CFLs) on a cost, insurance and place of destination (CIP) basis with Philips Electrical Industries of Pakistan. Pepco PMU Project Director Khalid Hussain Rai and Philips Chairman and CEO Asad S Jaf ...

Spain will reiterate its position and talk about the how the situation has been developing in recent months. We will ask the UK to engage in conversation over sovereignty".   Spain will take its dispute with Britain over the sovereignty of the Gibraltar Rock to the United Nations, Spanish Ministry of Foreign Affairs says, after the provocative projection of British Queen’s giant image on the Rock earli ...

Relatives identify bodies of killed workers. HYDERABAD: An explosion in a state-owned steel plant in the southern Indian state of Andhra Pradesh has killed at least 11 people, police said Thursday. At least 16 other workers suffered serious burns in the blast and a massive fire that broke out late Wednesday in the plant in the coastal city of Visakhapatnam, said Police Commissioner Purnachandra Rao. The exp ...