Monthly Archives: July 2009

Unemployment rate in Japan rose to a 5.4% in June, marking a six year high even as consumer prices fell at a rapid pace amid signs that the economy is still struggling to recover from the impact of recession. The statistics bureau of Japan reported on Friday that the country’s unemployment rate had inched...

Read more »

Americans spend around $34 billion a year on alternative medicine, a new government report revealed on Thursday. The report also estimated that Americans pay a third of the amount from their own pockets of what they spend on prescription drugs. Most of the money spent on alternative medicine goes into buying herbal supplements, visits...

Read more »

British Airways Plc posted a larger-than-expected loss in its first fiscal quarter this year as air travel continued to slide because of the global recession. London-based British Airways reported a net loss of 106 million pounds or $175 million over the three months ending June this year which was higher than the 96 million...

Read more »

One of the most popular travel destinations in Southeast Asia is the small city state of Singapore whose nature parks are among the best in the world. The Underwater World in Singapore in fact is only the second of its type in the world, the first being located in Japan. Singapore’s Underwater World is...

Read more »

Passengers travelling by train in parts of Southeast England and on a key route to London are in for harrowing times as workers on the National Express East Anglia franchise begin a 48-hour strike. The National Express workers’ strike is expected to affect rail services through Norfolk, Cambridgeshire, Suffolk and Essex besides hampering travel...

Read more »

Insurance broker Aon Corp posted its second quarter results on Thursday marking an increase of 9 percent in earnings. Aon Corp announced that in the second quarter its net income was $149 million or 52 cents a share marking a 9% rise in earnings from previous quarter. However its second quarter earnings were still...

Read more »

Israel is a land of where the past and present come together in many striking ways. While its political past continues to be a source of unrest, the ancient history of the land makes for several exciting travel destinations in Israel. One of the most visited destinations of travelers to Israel is the archeological...

Read more »

German car maker BMW announced its exit from Formula One Championships at the end of the 2009 season in a press conference at Munich on Wednesday. BMW, the Germany-based car maker put rumors to rest by confirming its withdrawal from Formula One championship on Wednesday morning. This comes after days of reconsidering the company’s...

Read more »

Home prices in major cities across United States registered the first monthly rise after nearly three years, bringing in fresh hopes that the worst of the housing market slump may be finally over. The Case-Shiller index compiled by Standard & Poor showed that home prices in 20 US metropolitan areas rose 0.5% in the...

Read more »

Media company Viacom Inc revealed a sharp drop in profits in its second quarterly results due to lower sales of television advertising and its movie DVDs in the market. Profits of Viacom Inc plunged by 32% as the company reported net income of $277 million or 46 cents per share in the quarter ending...

Read more »