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Middle East - Square Feet: Designer Hotels Wend Their Way Into Dubai

With luxury five-star hotels opening often in the city, some operators are hoping that brand loyalty and a dose of fashion will set them apart.

Tuesday, July 29, 2014  23:50


World - Artist Tracey Emin`s `My Bed` to return to Britain

British artist Tracey Emin`s controversial `My Bed` is to be exhibited in Britain as part of a long-term loan to the Tate group of museums, its new owner said on Tuesday. German art collector and industrialist Christian Duerckheim, who bought the controversial work for $3.8 million at auction earlier this month, will lend the unmade bed to the Tate group for a period of at least 10 years. Among the most well-known works of the Young British Artists generation, the rumpled bed surrounded by intimate debris of cigarettes, condoms and empty bottles caused controversy when it was shortlisted for the 1999 Turner Prize.

Wednesday, July 30, 2014  01:25


Sports - PGA Tour commissioner and Woods hope for big 2014 finish

By Larry Fine PARAMUS New Jersey (Reuters) - Tiger Woods, battling back from a back injury, still drives fan interest and TV ratings and PGA Tour commissioner Tim Finchem is as keen as the former world number one himself that he has a big 2014 finish. `It`s a year-long competition,` Finchem said at media day for next month`s playoffs opening Barclays tournament at Ridgewood Country Club. `It (an exemption) kind of muddies up the comparative nature of the competition.` Woods is a massive 358 points outside the cut line for the four-event playoffs having played only five PGA Tour events this season, but he has two big chances to make up ground at venues where he has had great success. Then comes the Aug. 7-10 PGA Championship at Valhalla in Louisville, Kentucky, where Woods won the 2000 PGA crown.

Wednesday, July 30, 2014  00:17


World - Israel public back Gaza assault despite death toll: analysts

The army`s mounting death toll in Gaza has taken the Israeli public by surprise but without dampening its strong support for the military campaign against Hamas, analysts say. Funerals were held across the Jewish state on Tuesday for 10 soldiers killed the day before, five of them in a firefight with Palestinian militants who infiltrated Israel by a tunnel from Gaza. Four others were killed after a mortar shell exploded not far inside Israel and another in fighting in the Gaza Strip. An overwhelming `86.5 percent believes that Israel cannot agree to a ceasefire as long as Hamas continues to fire rockets on Israel, as long as all the tunnels have not been discovered and as long as Hamas refuses to surrender,` it said.

Wednesday, July 30, 2014  00:03


Sports - Clark powers past Furyk for Canadian Open win

South Africa`s Tim Clark birdied five of his last eight holes on Sunday to power past Jim Furyk to win the Canadian Open, his first US PGA Tour title since 2010. Clark, who won the prestigious Players Championship four seasons ago, posted a final round five-under par 65 on Royal Montreal`s Blue Course for a 17-under total of 263 and a one-stroke victory over Furyk. Furyk, 44, took a three-stroke lead into the final round and seemed poised to claim a third career Canadian Open title, and end his own victory drought stretching back to his 2010 Tour Championship triumph.

Sunday, July 27, 2014  21:31


World - England`s Lampard signs with New York of MLS

Chelsea`s all-time top scorer and England international midfielder Frank Lampard has signed to play for Major League Soccer 2015 expansion side New York City FC, the club announced Thursday. Lampard spent his first six seasons at West Ham United with only a brief loan to Swansea in his debut season. He joined Chelsea in 2001 and bagged 211 goals for the Blues as well as 29 in 106 caps for England. During Lampard`s tenure, Chelsea won Premier League titles in 2005, 2006 and 2010, the FA Cup in 2007, 2009, 2010 and 2012 as well as the 2012 Champions League crown.

Thursday, July 24, 2014  16:16


Business - Dodd-Frank at Four

On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. As with human 4-year-olds, the party parents throw may be a little duller than on the first birthday, but the toddler now appreciates the present in the box more than the box itself. Let`s look at what`s in the box.

Friday, July 25, 2014  04:01


Business - Argentina`s euro bondholders ask U.S. judge to suspend debt ruling

By Daniel Bases and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) - Holders of Argentina`s euro-denominated exchange bonds urged a U.S. judge on Tuesday to suspend a debt ruling in favor of holdout investors suing the country that risks toppling Latin America`s No. 3 economy into default. Argentina has until the end of Wednesday to either fulfill a ruling by U.S. District Judge Thomas Griesa to pay hedge funds that rejected its restructuring in full on their defaulted bonds, cut a deal or obtain a stay. If not, Griesa will prevent Argentina from making the July 30 deadline for a coupon payment on bonds exchanged in its 2005 and 2010 debt swaps. Argentine debt negotiators met on Tuesday in New York with a court-appointed mediator for extensive negotiations in an attempt to cut a deal to avoid what is being called a `Griefault` on social media.

Tuesday, July 29, 2014  22:43


Business - Exclusive: Goldman unit eyes foray into China amid metals financing scandal

By Josephine Mason, Melanie Burton and Susan Thomas NEW YORK/SYDNEY/LONDON (Reuters) - Goldman Sachs Group Inc`s metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share. It has intensified a battle between new entrants and entrenched rivals in the multi-billion dollar business of securely storing the world`s commodities in China, the world`s biggest producer and user of base metals. As Goldman ponders a possible move into China, Western warehousing companies already operating there, including Glencore Plc unit Pacorini Metals and Trafigura-owned Impala [TRAFGF.UL], are scrambling to defend their turf. Detroit-based Metro International Trade Services, a major warehousing company that Goldman bought in 2010, is looking at setting up shop in Shanghai and other bonded locations in the country, a source familiar with the matter told Reuters.

Tuesday, July 29, 2014  06:27


Sports - Lakers appoint Scott as head coach

LOS ANGELES (Reuters) - Three months after the resignation of Mike D`Antoni, the Los Angeles Lakers ended a protracted search for a replacement by appointing former player Byron Scott as their new head coach on Monday. Scott, 53, was a three-time NBA champion with the Lakers during their triumphant `Showtime` era in the 1980s and has worked as a head coach in the league for 13 years, most recently with the Cleveland Cavaliers from 2010 to 2013. (Reporting by Mark Lamport-Stokes; Editing by Peter Rutherford)

Tuesday, July 29, 2014  04:07

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