Posts tagged switzerland

Want to win a $10,000.00 iTunes Gift Card?

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CNEWS Tech: iTunes is almost to their 10th billion song download over their online store, pretty crazy. So what does that 10th billionth downloader get? If you are the 10th billion person to download a song you recieve a $10,000 dollar iTunes giftcard. Rules: You must be 13. United States or the District of Columbia, Australia, Austria, Belgium, Canada (excluding the Province of Quebec), Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, or the United Kingdom ( more on the iTunes store I think ) Are you going to win? (taken Febuary 19th, 10 PM EST)

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FDI falls 54pc during Jul-Jan

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CNEWS ISLAMABAD: Pakistan during July-January 2009-10 attracted 54.6 per cent or $1.41 billion less foreign direct investment (FDI) compared to the same period of last year, the State Bank of Pakistan reported on Monday. According to the bank’s latest data, in the first seven months of the year, FDI inflows were recorded at $1.176 billion against July-January 2008-09 when they stood at $2.59 billion. Portfolio investment increased by 181.7 per cent to $290.7 million against negative $355.8 million in the same period last year. According to the break-up of investment by region, direct investments from developed countries in Pakistan declined by 34.5 per cent to $827.4 million and portfolio investment was up by 209.5 percent to $317.8 million during the period under review. Last year in same period, FDI stood at $1.263 million and negative $290.2 million respectively. Among developed countries, FDI inflows from Western Europe stood at $385.8 million and portfolio investment at $77.7 million. Last year in the same period, FDI inflows from Western Europe were $560.7m and portfolio investments were negative $70m. FDI from European Union was recorded at $340.2m and portfolio at $74.7m against the last year when FDI stood at $305.7m and portfolio at negative $38.8 million. Developing economies’ direct investment into Pakistan declined substantially. FDI from these economies declined by 87.8 per cent to only $128.2m and portfolio investment was up by 126.7 per cent to $8.5 million. Last year, direct investment stood at $1.054 billion and portfolio investment at negative $32 million. Direct investments from Asian countries (West Asia, South, East and South East Asia) in Pakistan were down by 81 per cent to $124.4m against $656.3m recorded in previous year. Portfolio investments from these countries were up by 126 per cent to $10.2m against negative $39.3m last year. The United States of America (USA) was the major investor in Pakistan with a total investment of $588m (FDI $347.5m and portfolio $240.6m) against $310.2m (FDI $522.8m and portfolio at negative $212.5m) in July-January 2008-09. It indicates that US investment in Pakistan declined by 33.5 percent and portfolio investment was up by 213 percent. The Netherlands was the second largest investor with direct investment in Pakistan recorded at $179.6m and was 209.6 per cent more than corresponding period of the last year when it stood at $58m. Its portfolio investment declined to $0.9m against $9.6m in corresponding period of the last fiscal. The United Kingdom direct investment in Pakistan was recorded at $119m last year it stood at $189.2m depicting a decline of 37 per cent over corresponding period. Its portfolio investment stood at $45.6m against negative 57.5m in corresponding period of the last fiscal. The United Arab Emirates (UAE) direct investment in Pakistan stood at $221.8m, Singapore $50.5m, Switzerland $45m, Germany $37.4m, Australia $33.5m and Saudi Arabia FDI stood at $27.1m. Last year in the same period, these FDI inflows from these countries stood at $119.5m, $229.5m, $190.7m, $33.7m, $47.8m and negative half a million respectively.
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Fifa WC trophy goes on display in Chile

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CNEWS SANTIAGO: Overjoyed soccer fans got a chance to get up close and personal with the FIFA World Cup trophy as it arrived at the Mapocho Station Cultural Centre in Santiago. Chilean fans anxiously waited to see the official presentation of the trophy as it arrived to their home country as part of an 83 nation tour. “I think just seeing it will get me excited. It must be very impressive just to see and hopefully it can stay here,” said soccer fan Maria Caceres. The trophy was on display again on Friday and organizers expect some 10,000 visitors to stop by over the two day exhibit. Visitors were treated to various soccer games, a 3D video about soccer and South African themed music and dancers. “For the first time in Chile we have the opportunity to have this trophy amongst us. This is a soccer icon. This was made possible by the great performance of our national team,” said the Chilean Secretary General, Pilar Armanet “This is a unique opportunity for soccer fans to see this marvellous trophy up close and feel the excitement,” added FIFA representative Leslie Dickens. The FIFA World Cup Trophy Tour by Coca-Cola which began in Zurich, Switzerland on September 21 of last year will cover a total distance of 134,017 kilometres (83,275 miles) before reaching 2010 World Cup host country, South Africa on May 4. The distance is three times the circumference of the entire globe and will be travelled over 225 days. The World Cup was held in Chile in 1962 and members from that year’’s national team took part in the festivities, taking pictures with the world famous trophy. After the ceremony fans also got the chance to smile for the camera with one of the sports world’’s most iconic symbols. “An unforgettable experience. The trip was worth it, we travelled two-hours. Spectacular, novel. Just to see the World Cup here in Chile which has not happened many times,” said soccer fan Daniel Vega.
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Berlin film festival marks 60th anniversary

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CNEWS BERLIN: The 60th Berlin Film Festival kicks off Thursday with the world premiere of “Apart Together”, a lush period drama from China and one of 20 pictures vying for the coveted Golden Bear top prize. “Apart Together” director Wang Quan”an, part of China’’s so-called sixth generation of film-makers, captured Berlin’’s best picture award in 2007 for the unconventional love story “Tuya’’s Marriage” set in the grasslands of Mongolia. Wang, 44, will compete with Roman Polanski, Britain’’s Michael Winterbottom and rivals from across Asia, Europe and the Americas at cinema’’s first major international showcase of the year. And Martin Scorsese will premiere his latest thriller starring Leonardo DiCaprio, “Shutter Island” out of competition. A jury led by German director Werner Herzog (“Fitzcarraldo”, “Rescue Dawn”) and including Oscar-winning actress Renee Zellweger will hand out the prizes February 20 before the event wraps up the following day. “It’’s just wonderful to get back to the roots of watching the films, exploring, remembering why you love this medium … sitting for two weeks and watching the cream of the crop in 2010,” Zellweger told reporters. “I”m beside myself … it’’s quite humbling.” “Apart Together” (Tuan Yuan) tells the story of a soldier who fought Mao’’s Communist forces until forced to retreat to Taiwan in 1949. Decades later, the aged veteran returns to Shanghai to find the love of his life and their son. But she has since married an officer in the People’’s Liberation Army and is torn between her present and her past. The picture will screen for the press at 1130 GMT ahead of a gala red-carpet premiere later Thursday with Wang and his stars Lisa Lu and Ling Feng. The selection of “The Ghost Writer”, a new film by Polanski about an embattled former British prime minister based closely on Tony Blair, was the source of some controversy in the run-up to the festival. The French-Polish film-maker will not be in Berlin as he is under house arrest in Switzerland for charges dating from the 1970s that he had unlawful sex with a 13-year-old girl. He is awaiting possible extradition to the US. The movie, based on the Robert Harris bestseller “The Ghost”, had been considered as the Berlinale opener until organisers got cold feet. “It might have been understood as a statement about something that we didn”t want to get mixed up in,” festival director Dieter Kosslick said. The Berlin Film Festival, a creation of the Americans during the Cold War in occupied West Berlin, has become a must on the European cinema calendar, ranking second only to Cannes. It enjoys a reputation for promoting edgy, politically charged fare. The last Golden Bear winner, “The Milk of Sorrow” about rape victims during the 1980 to 2000 war between the Peruvian army and Shining Path guerrillas, has been nominated for an Oscar for best foreign-language film. This year’’s programme shines the spotlight on Asia in particular. Japanese master Yoji Yamada, the maker of more than 80 films in his four-decade-long career, will screen his latest picture, “About Her Brother”, out of competition as the last of nearly 400 films at the festival. Chinese veteran Zhang Yimou, another Golden Bear laureate, will present “A Woman, A Gun and A Noodle Shop” while Koji Wakamatsu of Japan will unveil “Caterpillar”. Another highlight will be an open-air projection at the Brandenburg Gate of the 1927 silent German classic “Metropolis” complete with lost footage unearthed in Argentina two years ago.
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China got Taiwan firm to sell nuke parts to Iran: report

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CNEWS TAIPEI: A Taiwanese firm allegedly sold equipment that can be used to make nuclear weapons to Iran under a request from China, a Taipei-based magazine said. The firm received an online order from China last year to buy pressure transducers on behalf of an Iranian oil company for pipeline construction, the magazine reported this week. The firm later shipped 108 pressure transducers it had acquired from a Swiss firm to Iran as exporting the items was not illegal in Switzerland or Taiwan, the report said, citing a Taiwanese trade official. China, despite claiming its unwillingness to provide Iran with sensitive technology, has “secretly shipped critical components” to the country through Taiwanese firms, the report quoted an unnamed source as saying. The magazine did not identify any of the companies allegedly involved.

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U.S., UK gird for frigid weekend

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CNEWS LONDON: Electricity use in Texas hit a winter high and orange-juice futures rose by an exchange limit today as the U.S. Northeast and South girded for a frigid weekend. Europe braced for more snow. “A good chunk of the country has been feeling the chill the last one to two weeks,” Tom Kines, a senior meteorologist at AccuWeather Inc., said in a telephone interview from State College, Pennsylvania. “The number of record lows set in the past week, there’s been 400 of them. That’s pretty significant to have that many of them over a week.” Cold from the Midwest is bound for the Northeast, he said. “It will not be as brutal as it’s been in the Midwest with wind chills of 30 below zero and temperatures at zero,” said Kines. “Nevertheless, temperatures will be below normal.” Florida’s orange growers escaped with minimal damage from freezes earlier this week. The weekend forecast is for lower temperatures, in the middle 20s Fahrenheit (about minus-3.8 Celsius) in central Florida, putting about a quarter of the citrus belt at risk, Larry Heitkemper, vice president of MDA EarthSat Weather, said in a statement. If farmers take precautions, “we expect overall citrus production losses will be low,” he said. Orange-juice futures for March delivery gained 8.45 cents, or 6 percent, to $1.496 a pound at 11:03 a.m. on the ICE Futures U.S. exchange in New York, after earlier rising the bourse’s 10- cent limit to $1.5115, the highest price since Jan. 2, 2008. The Florida crop is the largest after Brazil’s. Hog futures rose for the fourth time this week on signs that meatpackers are paying more for animals as subzero temperatures in the Midwest discourage U.S. producers from transporting the hogs. Winds in Iowa, the largest hog-producing state, may make it feel as cold as minus-35 degrees Fahrenheit today, according to the National Weather Service. Hog futures for February settlement rose 0.125 cent, or 0.2 percent, to 67.225 cents a pound at 9:28 a.m. on the Chicago Mercantile Exchange, heading for a second-straight weekly gain. Texas electricity demand reached a seasonal record this morning as temperatures in Dallas dropped to 17 degrees. Demand climbed to 55,856 megawatts at 8 a.m. local time, topping the record of 52,001 reached yesterday, said Dottie Roark, a spokeswoman at the Electric Reliability Council of Texas, which operates most of the state’s grid. “Everything is operating normally,” Roark said today in a phone interview. “We shouldn’t have any problems barring unforeseen emergencies.” Cold weather this week has lifted gas demand and is forecast to do so through Jan. 13 along the East Coast, according to EarthSat, based in Rockville, Maryland. Higher temperatures are forecast to start moving through the Midwest and farther east in the second half of next week, the forecaster said. “We are forecasting New York to bottom out at 16 Fahrenheit Sunday morning and Chicago reaching around 8 degrees the same morning,” Travis Hartman, EarthSat’s energy manager, said in a statement today. “By the middle of next week, temperatures could rebound into the 40s to near 50 in some locations of the mid- Atlantic.” The normal low for New York is 26 degrees Fahrenheit and in Chicago the minimum is typically 14, according to the National Weather Service. Once above-normal temperatures arrive, they may stay through Jan. 22, EarthSat said in its eight-to-14-day outlook. U.K. gas demand may jump to a record today, National Grid PLC said, as temperatures in the Scottish Highlands dropped to as low as minus 22 degrees Celsius. Car breakdowns in the U.K. reached record numbers this week as the longest cold snap in 30 years left drivers stranded with powerless car batteries, unresponsive engines and even frozen diesel in some Scots’ fuel tanks. In and around London, thermometers registered minus 3 degrees Celsius early today. Snow flurries were forecast for London and eastern England today with freezing weather predicted nationwide through Jan. 10. The U.K. weather forecaster expects 12 more days of below- average cold for Britain. A new storm headed toward Germany, while northern Spain also braced for heavy snow. Eurostar Group Ltd. canceled a third of today’s services linking London with Paris and Brussels. Snow fell today at Alpine ski resorts including Zermatt in southern Switzerland as well as eastern France. A storm moving from the Mediterranean known as “Daisy” started bringing snow and high winds to parts of Switzerland, France, Germany, Poland and the Czech Republic today as it collided with freezing arctic air, the German Meteorological Service said. Switzerland’s Gotthard tunnel, a main pass to Italy, was closed because of heavy snowfall. The U.K. gas transmission operator yesterday reduced supply to 95 customers that have interruptible contracts. These contracts allow the buyer to buy cheaper gas at other times of the year on the condition that supply can be interrupted at times of peak demand.

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No application received for Zardari cases: Swiss spokesman

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CNEWS ISLAMABAD: The spokesman of Switzerland government has said Pakistan has not sent any application in connection with the cases against President Asif Ali Zardari.

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Remittances rise over 29% during first five months of FY10

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CNEWS KARACHI: Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $3,832.64 million was received in the first five months (July#8208;November) of the current fiscal year 200910, showing an increase of $866.13 million or 29.20 percent over the same period of the last fiscal year. The amount of $3,832.64 million includes $0.93 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs). In November 2009, an amount of $742.79 million was sent home by overseas Pakistanis, up 19.70 percent or $122.27 million, when compared with $620.52 million received in the same month last year. The inflow of remittances in the July-November, 2009 period from UAE, USA, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $854.21 million, $797.18 million, $708.35 million, $544.88 million, $408.49 million and $123.90 million respectively as compared to $534.25 million, $767.12 million, $600.25 million, $496.21 million, $188.95 million and $81.02 million respectively in the July#8208;November, 2008 period. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first five months of the current fiscal year amounted to $394.60 million as against $298.39 million in the same period last year. The monthly average remittances for the July#8208;November 2009 period comes out to $766.52 million as compared to $593.30 million during the same corresponding period of the last fiscal year, registering an increase of 29.20 percent. During last month i.e. November 2009 remittances from UAE, USA, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $174.98 million, $144.12 million, $134.75 million, $109.65 million, $92.67 million and $21.68 million respectively as compared to $146.16 million, $140.19 million, $105.45 million, $100.74 million, $39.18 million and $15.87 million in November 2008. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2009 amounted to $64.86 million compared with $72.77 million in the same month last year. It may be pointed out that the State Bank, Ministry of Finance and Ministry of Overseas Pakistanis had undertaken a joint initiative called ‘Pakistan Remittance Initiative (PRI)’ recently with a view to facilitating the flow of remittances through formal channels. This initiative has started to materialize and remittances through formal channels are showing considerable growth.

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Swiss diplomats call on Kamal

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CNEWS KARACHI: A high-level Swiss delegation, led by Foreign Affairs Director General for Asia region, Pierre Combernous called on City Nazim Syed Mustafa Kamal at his office on Tuesday. The Ambassador of Switzerland in Islamabad Markus Peter, Swiss Consul General in Karachi Martin Bienz, Deputy Head of the Mission Islamabad Nicholas Plattner and Mrs. Elisabeth Boesch Malinen of Swiss Federal Department for Foreign Affairs accompanied him on this occasion. During the meeting the Swiss Director General for Asia said that Karachi has been a profitable city for companies operating from Switzerland and they have already invested huge amounts in various businesses here. Rapid development in Karachi during last four years has motivated Swiss companies to invest more and therefore they want to expand their business in the port city. Pierre Combernous further said that Karachi is not only an important city of Pakistan but also holds importance in the region. The progress of Karachi with enhanced investment would besides strengthening Pakistan economy also brought stabilisation in the region. He said that the development works performed by city government in Karachi during last four years have been appreciated in whole world and attracted foreign investment in the city. Many Swiss companies and investors have focused on Karachi after recent development. The city Nazim said that Karachi is an international city where the City Government has initiated a rapid development process that has restored the trust of local and foreign investors on the government institutions. He said that Karachi is the backbone of the national economy and developing infrastructure here was aimed to promote commercial activities in this region. “We have provided good opportunities to investors in Karachi to encourage foreign and local investment and the Swiss companies would also avail same facilities,” Kamal said.

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Fears grow over dangers of Swiss minaret vote

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CNEWS GENEVA: The Swiss foreign minister said Tuesday that a decision by voters in Switzerland to ban new mosque minarets could endanger security, amid stark warnings about a broader threat of extremism. Opponents of the ban in Switzerland vowed to press ahead with legal challenges, while Turkey and the UN human rights chief delivered sharp rebukes over a broader and growing trend of European intolerance that they believe the vote revealed. Swiss Foreign Minister Micheline Calmy-Rey also acknowledged that Muslims in Switzerland now faced a restriction on their freedom to exert their religion, in the first overt expression of government concern since Sunday’’s referendum. More than 57 percent of voters upset the opinion polls and defied their government by approving the right wing motion to ban minarets. “In any event, we are concerned by this vote,” Calmy-Rey told a meeting of the Organisation for Security and Cooperation in Europe (OSCE) in Greece. “The reality of our societies, in Europe and in the world (is that) every blow to the co-existence of different cultures and religions also endangers our security,” she added, according to a written transcript of her remarks which was released by the ministry. Calmy-Rey warned of the risk of a chain reaction in such instances, as repeated “provocation” triggered outrage, thereby “fanning extremism.” Turkish leaders joined widespread condemnation on Tuesday, denouncing the Swiss vote as a “mistake” and a reflection of Islamophobia as well as “racist and extreme nationalist waves surging in Europe.” Prime Minister Recep Tayyip Erdogan stressed that it “has irked not only the Islamic world, but also those who fear a clash of civilisations.” He called on Europeans to act against the ban “so as not to plunge the world, particularly Europe, into tensions.” UN High Commissioner for Human Rights Navi Pillay called tha ban a “deeply discriminatory, deeply divisive and a thoroughly unfortunate step for Switzerland to take.” “I have no hesitation at all in condemning the anti-foreigner scaremongering that has characterised political campaigns in a number of countries, including Switzerland, which helps produce results like this,” she added. Anti-immigrant party leaders elsewhere in Europe have hailed the outcome of the referendum brought by members of the hard-right Swiss People’’s Party (SVP) — Switzerland’’s biggest party — and other right-wing groups. Meanwhile, the head of the Swiss Green Party, Ueli Leuenberger, pledged to support appeals against the ban to the European Court of Human Rights. “It’’s extremely important,” he said “For Switzerland… but also at European level when you see the reactions of populist parties and the extreme right, who are celebrating and taking the Swiss example to launch campaigns against Muslims in their countries,” said Leuenberger. The Swiss constitutional amendment does not affect mosques or religious worship. However, opponents charged that right-wing campaigners portrayed the towers, of which there are just four in Switzerland, as symbols of “power” and whipped up fears about the burqa, women’’s rights and Islamic extremism.

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