China’s defence spending to accelerate in 2018

open view web desk China announced on Monday an 8.1 percent defence budget increase for 2018, giving a boost to the modernisation of the world’s largest military after spending slowed in the previous two years. Beijing will splash out 1.11 trillion yuan ($175 billion) on its military, according […]

‘Shape of Water’ wins big at Oscars on activism-fuelled night

open view web desk LOS ANGELES – Romantic fantasy “The Shape of Water” won the best picture Oscar on Sunday, the film industry’s most prestigious honor, on a night where themes of female empowerment and activism almost overshadowed the awards. The Fox Searchlight movie’s Mexican filmmaker, Guillermo del Toro, won best director, […]

Insight: Missed warnings – How watchdogs failed to spot $2 billion PNB fraud

NEW DELHI/MUMBAI – Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank’s Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the […]

Oxfam investigates new sexual misconduct cases as MPs grill bosses

open view web desk Oxfam revealed Tuesday it was investigating 26 new cases of sexual misconduct since the crisis erupted over its handling of a 2011 prostitution scandal in Haiti, which the British charity called a “wake-up call”. Chief executive Mark Goldring told a parliamentary committee in London […]

Study finds new superbug typhoid strain behind Pakistan outbreak

open view web desk LONDON – An outbreak of typhoid fever in Pakistan is being caused by an extensively drug resistant “superbug” strain, a sign that treatment options for the bacterial disease are running out, scientists said on Tuesday. Researchers from Britain’s Wellcome Sanger Institute who analysed the […]

Chinese warships enter East Indian Ocean amid Maldives tensions

open view web desk SHANGHAI – Eleven Chinese warships sailed into the East Indian Ocean this month, a Chinese news portal said, amid a constitutional crisis in the tiny tropical island chain of the Maldives now under a state of emergency. A fleet of destroyers and at least […]

RBI says had issued warnings on possible misuse of SWIFT system

open view web desk MUMBAI – The Reserve Bank of India on Tuesday said it had alerted unidentified banks about the need to prevent any “potential malicious use of the SWIFT infrastructure” at least three times since August 2016, but added lenders had not fully implemented all of […]

Billionaire jeweller Nirav Modi denies involvement in PNB fraud – lawyer

open view web desk NEW DELHI/MUMBAI- Indian billionaire jeweller Nirav Modi, one of the prime accused in the country’s largest ever bank fraud, denies allegations levelled against him by Punjab National Bank (PNB), his lawyer said on Tuesday. “There is nothing, there is nothing in it,” Vijay Aggarwal, […]

Govt to reintroduce board exam for class 11: Altaf Bukhari

open view web desk JAMMU, FEBRUARY 20: Minister for Education Syed Mohammad Altaf Bukhari today said that the government has decided to reintroduce board exams for class 11 from the current session. He also revealed that the education regulatory mechanism would be strengthened to keep check on the […]

Mehbooba underlines need for streamlining JK’s urban transport

open view web desk JAMMU, FEBRUARY 19: Chief Minister, Mehbooba Mufti has underlined the need for blending long term and short solutions for streamlining urban transport in the State in view of the increasing vehicular population. Chairing a high-level meeting here today, the Chief Minister described traffic management […]

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