India remains the biggest buyer of arms in the world, importing nearly three times as many weapons as its nearest competitors China and Pakistan over the last five years, a Swedish think tank said.

The total volume of arms sales was up 14 percent in 2009-13 compared to the previous five years, according to the Stockholm International Peace Research Institute (SIPRI).

Indian imports of major weapons rose by 111 percent in the last five years compared to 2004–08. Its share of total global arms imports increased from 7 to 14 percent, SIPRI said.

India replaced China as the world's biggest arms buyer in 2010. With its domestic defence industry struggling to manufacture high-tech arms, India is in the midst of a defence spending binge as it struggles to keep up with better-equipped Chinese forces and a range of military challenges in its volatile neighbourhood.

The main supplier of arms to India in 2009-13 was Russia, accounting for 75 percent of all imports -- reflecting India's need to upgrade and modernise weapons systems dating back to their close relationship during the Cold War.

Published: 17 March 2014

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Toyota said Monday it has suspended production at its two Indian auto assembly plants in response to threats against management and "deliberate" assembly-line stoppages, as efforts to hammer out a labour deal failed.

The world's biggest automaker said the move will see the lock-out of about 6,400 employees at the factories in southern India.

Company and union officials had been trying to sign a new contract for the past 10 months, with the local government helping mediate negotiations.

"In the meantime, under the instigation of the union, certain sections of the employees have resorted to deliberate stoppages of the production line, abuse and threatening of supervisors thereby continuously disrupting business for the past 25 days," Toyota said in a statement.

"All these unlawful activities have been detailed in the lock-out notice. With this background, the company is left with no other option but to declare a lock-out of the premises to ensure the safety of its workers and management personnel," it added.

A Tokyo-based company spokesman said Toyota hoped to restart production quickly, but could not give a timeline for any re-opening of the plants, which make a range of models including the flagship Camry sedan, the Corolla and the Prius hybrid.

Published: 17 March 2014

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In 1984, with only $25,000 in Chinese government funding and a dusty 20-square-metre bungalow as their headquarters, a small group of scientists in Beijing founded a firm called New Technology Developer Inc.

Thirty years later, the tech company -- which went on to become Legend and later, Lenovo -- is the world's biggest personal computer maker, and has just completed two major deals with IBM and Google that analysts say will help it to diversify away from the sagging PC market and boost its expansion overseas.

Lenovo's $2.3 billion purchase of IBM's low-end server business and its $2.91 billion acquisition of Motorola from Google are evidence of the Chinese tech giant's "global ambitions", said Jean-Francois Dufour at DCA Chine-Analyse.

"Just as iPhones and iPads have overtaken Macs in commercial importance for Apple, smartphones and tablets are expected to replace PCs in part for Lenovo," said Dufour, who called the firm "the pioneer of Chinese companies' global offensive".

The back-to-back deals are all the more significant because of their timing, coming just as US President Barack Obama noted in his annual State of the Union address on Tuesday that "for the first time in over a decade, business leaders around the world have declared that China is no longer the world's number one place to invest; America is".

With Chinese investment in the US doubling to $14 billion in 2013, a larger and larger share of that capital is coming from America's rival across the Pacific -- a fact unmentioned by Obama in his speech.

From its humble beginnings, Lenovo has charted an impressive course in the personal computer market. Under its earlier name, Legend, it secured the biggest share in China's domestic market in 1996 and in the Asia-Pacific region three years later.

Its 2003 decision to change the name of its PC brand from Legend to Lenovo in a bid to boost its sales abroad marked the beginning of its ascent to global preeminence.

That move was followed by a successful 2004 bid to serve as the exclusive computing technology provider for the 2006 Turin Winter Olympics and the 2008 Beijing Games, making it the first Chinese firm to become a major Olympic sponsor.

But it was Lenovo's 2005 acquisition of IBM's PC division for $1.75 billion that cemented its rise, setting it on track to unseat Hewlett-Packard as the world's top PC vendor last year.

Lenovo now has PC products in more than 160 countries and has worked to build its global brand by recruiting celebrities such as basketball star Kobe Bryant and Hollywood actor Ashton Kutcher, who the company named a "product engineer" for its new Yoga Tablet device.

With its Motorola purchase, Lenovo hopes to replicate its PC market success in the smartphone universe. The deal "will immediately make Lenovo a strong global competitor in smartphones", Lenovo chairman and chief executive officer Yang Yuanqing said.

As it did after the 2005 IBM deal, however, it faces tough odds.

Published: 02 February 2014

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Samsung Electronics promised better shareholder returns, dismissed fears over smartphone market saturation and signalled a more aggressive acquisitions policy Wednesday at a rare analysts' briefing to boost its flagging stock price.

Addressing the first such event for eight years, the company's top executives talked up its growth potential and offered some guidance on how it plans to spend a $50 billion cash pile.

President and chief financial officer Lee Sang-hoon said Samsung would "put more emphasis on shareholder return" and would target a dividend yield this year of 1.0 percent of the average share price.

The company will review its shareholder return policy every three years to reflect changes in business conditions, he added.

The current dividend yield is around 0.5 percent, a return that has seen some shareholders accuse the world's largest technology company by revenue of hoarding cash.

Samsung's share price trading at 1,460,000 won at midday, down 1.68 percent from Tuesday's close.

The firm has posted record profits in six of the past seven quarters -- largely due to its growing dominance of the global smartphone market -- but its stock price trades at a significant discount compared to its rivals.

At one point this year, it was down as much as 20 percent.

Wednesday's briefing for 350 invited analysts and institutional investors at a Seoul Hotel, was a rare event for a company renowned for its relative lack of transparency.

Samsung's massive net cash balance is equivalent to more than 20 percent of its market capitalisation, and some analysts have predicted it could grow to $100 billion over the next two years.

Lee denied the amount was excessive, and said that -- along with the increased dividend yield -- it would be used to fund significant investment in research and development, particularly in software, to help secure future growth.

Published: 06 November 2013

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Spanish officials on Tuesday were seeking the winner of a 4.7 million-euro ($6.3-million) lottery jackpot after the lucky ticket was found unclaimed.

The slip of paper turned up in La Coruna, northwestern Spain, the city's mayor said. Media reports said the vendor who sold it found it on his counter.

"It is a very unusual item. It is not a necklace or a wallet that has been lost, but a lottery ticket worth nearly five million euros," said mayor Carlos Negreira in a statement.

"I am going to be the only mayor in Spain who is looking for a millionaire not so as to ask for money but to give it."

The vendor handed the ticket, issued for a lottery draw in June 2012, back to the state lottery company.

Published: 17 September 2013

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The German Günter Wamser crossed with horses from South to North America, from Tierra del Fuego to Alaska. Soon he will reach the goal of his journey Marathon, which started in 1994 – and gave him a new view of their home.
If Günter Wamser tells of his adventures in America, it is about a journey, but really it’s about much more than the movement from A to B: the freedom to do what you really want, without leaving to well-meaning advice outside to take care of. 19 years ago traveled the trained aircraft engine mechanic to Tierra del Fuego at the southernmost tip of South America, two Criollo horses, hardy animals of the Gauchos bought a ranch, one for the riders, one for luggage. He rode off, still further north. “This trip has become my way of life, with all its ups and downs. My life has gained in intensity,” says the now 54-year-old. In the very first days of his tour, he experienced two encounters that made him doubt the joys of a long journey. It was not until he met a cyclist from Berlin, who was kicking in one and a half years from California to Patagonia. He was sitting by the roadside, cursing the headwinds and wanted to give up, even though he was only a hundred kilometers away from the target.

Published: 30 July 2013

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At present, the history of Eastern European Jewry in particular is a popular field of scientific studies. Our correspondent has had an interview with an expert in this field Oleg Kozerod, Doctor

Published: 05 June 2013

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Former Italian Premier Silvio Berlusconi has been convicted for the illegal publication of transcripts of wire-tapped conversations in a newspaper owned by his media empire.

A Milan court on Thursday sentenced him to one year in jail, although he is unlikely to be put behind bars during a possible appeal.

The verdict carries no impact on Mr Berlusconi's eligibility to participate in a new government.

Published: 07 March 2013

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Sickness benefit will be stripped from claimants who refuse to get treatment for their problems under a crackdown to be tested in a £25 million Government trial.

Ministers want to extend the concept of "conditionality" used to force the jobless to seek work to welfare payments for those with health complaints as well.

A series of pilots around the country for what is being touted as a "tough love" approach by Downing Street sources will be announced before Christmas.

Chancellor George Osborne is seeking ways to slash a further £10 billion from the welfare budget by 2016/17 on top of £18 billion of cuts already announced.

Under the proposals claimants would be expected to attend regular sessions with a health care professional who could require them to attend therapy and other treatments to help them recover.

It is unclear exactly what conditions would be caught but No10 suggested drug and alcohol addicts who failed to attend rehab courses would be among them in the initial trials.

Funding for the pilots has been agreed, they said.

Published: 06 November 2012

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Venerable US magazine Newsweek announced Thursday its last print edition would be December 31, saying it would turn all-digital to cut costs in an increasingly challenging media environment.

"We are transitioning Newsweek, not saying goodbye to it," wrote Tina Brown, editor-in-chief and founder of the online Newsweek Daily Beast Company, in a statement posted on the Daily Beast website.

"This decision is not about the quality of the brand or the journalism -- that is as powerful as ever. It is about the challenging economics of print publishing and distribution."

Brown acknowledged the merger of the print edition and the online Daily Beast operations, called "Newsweek Global," would require layoffs.

She said the all-digital publication "will be a single, worldwide edition targeted for a highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context.

It will be available on the web and on tablets via a paid subscription, with "select content" available on The Daily Beast website.

Published: 18 October 2012

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