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World - In a pickle: London`s `Gherkin` tower in receivership

London`s landmark `Gherkin` office tower, one of the most recognisable sights on the British capital`s skyline, has been placed into receivership, accountants said Thursday. The 41-storey block in London`s financial district was bought by German property firm IVG Immobilien in 2007 but the business has suffered from debt since the financial crisis. `The senior lenders were reluctant to appoint a receiver but felt they had no choice due to the ongoing defaults,` joint receiver Neville Kahn said in a statement. Swiss Re sold it to IVG Immobilien for £600 million ($1 billion, 730 million euros).

Thursday, April 24, 2014  18:33


World - Calls for Roche to cut price of breast cancer drugs

Pharmaceutical giant Roche was on Wednesday urged to cut the cost of a groundbreaking breast cancer drug that the NHS is set to phase out in 2016. NHS watchdog NICE recommended that the use of trastuzumab emtansine be stopped due to its £90,000 cost, even though it can add months of life to women dying of breast cancer. It is currently available in England under the Cancer Drugs Fund, but this will end in 2016. The drug, which attacks cancerous cells from within thus avoiding many of the side effects of chemotherapy, could potentially help a fifth of breast cancer sufferers.

Wednesday, April 23, 2014  04:17


World - Arsenal have `oil in the engine`, Wenger says

Kingston upon Hull (United Kingdom) (AFP) - Arsenal manager Arsene Wenger hopes the returns of key midfielders Mesut Ozil and Aaron Ramsey will help his side secure their place in the Premier League`s top four. Ozil, the club`s £42.5 million ($70.7 million, 51.6 million euros) record signing, returned to action after missing seven matches with a hamstring injury as Arsenal won 3-0 at Hull City on Sunday. The German was overshadowed, however, by Ramsey, who had a hand in all three goals as Arsenal recorded a victory that kept them in front of Everton in the tussle for the final Champions League place.

Monday, April 21, 2014  03:33


World - UK and US working on tougher possible sanctions for Russia

British Prime Minister David Cameron on Thursday pledged an extra £1 million for a monitoring mission to Ukraine and agreed to work with US President Barack Obama on beefing up potential sanctions against Russia. The two leaders talked by telephone following high-level talks in Geneva aimed at de-escalating tensions in Ukraine. The Contact Group meeting, attended by Russian Foreign Minister Sergei Lavrov, Ukraine Foreign Minister Andriy Deshchytsia, US Secretary of State John Kerry and EU foreign policy chief Catherine Ashton, resulted in agreement that all illegal military formations in Ukraine be dissolved.

Friday, April 18, 2014  00:29


World - Ozil in line for Arsenal return, says Wenger

Arsenal`s record signing Mesut Ozil could make his return from a hamstring injury at Hull City this weekend, manager Arsene Wenger revealed on Thursday. `I think (Kieran) Gibbs will be out for the weekend but (Nacho) Monreal is possibly available and Ozil could be available to travel as well,` Wenger told a press conference. Germany international Ozil has not played since going off at half-time of his side`s 1-1 draw at Bayern Munich in the Champions League last 16 on March 11. The 25-year-old has had a fitful first campaign in England since arriving from Real Madrid in a £42.5 million ($70.7 million, 51.6 million euros) deal last September, but Wenger believes that he will come good next season.

Thursday, April 17, 2014  14:28


World - Algeria`s Bouteflika wins 4th presidential term

Abdelaziz Bouteflika, whose poor health forced him to vote from a wheelchair in Algeria`s presidential election, has won a fourth term with 81.53 percent of the votes, the interior minister announced Friday. The 77-year-old incumbent`s main rival, Ali Benflis, received 12.18 percent in an election which saw 51.78 percent of Algerians cast their ballots, Tayeb Belaiz told a news conference. The youngest candidate, Abdelaziz Belaid, came third with 3.03 percent of the vote, followed by the only female candidate Louisa Hanoune, who mustered 1.37 percent. The two other candidates, Ali Fawzi Rebaine and Moussa Touati both won less than one percent.

Friday, April 18, 2014  17:35


World - Row over plan to merge Asia`s top posts

Prince Ali bin Al Hussein has savaged plans to hand his current role as FIFA vice-president to Asia`s football boss in a row which threatens to plunge regional soccer into a fresh round of infighting. In an open letter, the Jordanian royal `strongly opposed` the proposal backed by Asian Football Confederation (AFC) president Shaikh Salman bin Ebrahim Al Khalifa, which will be put to the vote in June. `I stand firm by my conviction that all sport... should be free from politics and completely devoid of politicos and self-interest individuals and groups that exploit the sport and all its stakeholders for their own personal gains,` Prince Ali wrote. Four of football`s six global confederations combine the role of regional president and FIFA vice-president, with the AFC and South America`s CONMEBOL the two exceptions.

Thursday, April 17, 2014  19:22


World - Libya rebels say government not implemented deal to reopen ports

TRIPOLI (Reuters) - A rebel group in eastern Libya controlling several oil ports said on Thursday it would not reopen the Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end an oil blockade. `The government hasn`t fulfilled a single item of an agreement to reopen the ports,` rebel spokesman Ali al-Hasi told Reuters. (Reporting by Feras Bosalum; Writing by Ulf Laessing; editing by Keiron Henderson)

Thursday, April 24, 2014  17:34


World - Bahrain says expels representative of Shi`ite Ayatollah Sistani

Bahrain expelled a prominent Shi`ite religious figure on Wednesday, accusing him of acting as a representative of influential Iraqi Shi`ite cleric Grand Ayatollah Ali al-Sistani without permission. A statement by the interior ministry said it had received information from top Iraqi government officials that Sheikh Hussein al-Najati was Sistani`s representative and had carried out activities such as fund-raising in that capacity. Bahrain, which is ruled by the Sunni Muslim al-Khalifa dynasty, accuses Shi`ite power Iran of fomenting unrest in the country since a 2011 uprising led by the Shi`ite Muslim community demanding reforms and more share in running the kingdom.

Wednesday, April 23, 2014  18:40


World - Bahrain expels envoy of Shiite Ayatollah Sistani

Authorities in Sunni-ruled Bahrain on Wednesday expelled the representative of Grand Ayatollah Ali al-Sistani, in the latest manifestation of tension with the kingdom`s Shiite majority. Najati `practised unclear activities, without coordinating with authorities which discovered afterwards that he was Sistani`s representative,` the interior ministry said. `Working as an official representative of any party necessitates a letter of accreditation that specifies responsibilities and planned activities,` it said. Najati worked on `collecting funds and distributing them` in the name of the Iraq-based Sistani, one of the top Shiite spiritual guides, the ministry added.

Wednesday, April 23, 2014  16:30

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