Britain's
Tesco halts talks to enter Indian market
LONDON, Nov 25: Britain's Tesco Plc has
halted talks with Indian conglomerate Bharti
Enterprises Ltd, clearing the way for the world's
biggest retailer, Wal-Mart, to clinch a deal
giving it access to the lucrative Indian retail
market.
A
Tesco spokesman declined on Friday to say why
Britain's largest retailer ended negotiations to
form a joint venture with Bharti, but said it
still planned to enter the Indian retail sector.
''We
have decided not to progress talks with Bharti
over a possible joint venture in India,'' the
Tesco spokesman said.
''We
remain excited by the opportunities available in
India and continue actively to review how best we
might enter the market. As this work progresses,
we will be in a better position to give more
detail.''
Bharti
Chairman Sunil Mittal told Reuters in an e-mail
that a partnership would be finalised soon, but
refused to say who it would be with. Mittal said
last month that negotiations were down to
Wal-Mart and Tesco. Wal-Mart Stores Inc. Did not
immediately respond to requests for comment.
Foreign
retailers are keen to enter India's rapidly
growing market, but multiple-brand retailers are
only allowed to operate through franchises and
licencees, or a cash-and-carry wholesale model,
such as Germany's Metro AG and South Africa's
Shoprite Holdings have chosen.
According
to consultancy Technopak Advisors, the Indian
retail industry is currently worth about $300
billion and is expected to grow to $427 billion
by 2010 and $637 billion by 2015, with the entry
of large Indian companies, including Bharti,
Reliance Industries Ltd and the Tata group.
NEW
MARKETS
Tesco's
main focus now will be to open stores in the
United States in 2007, a move that, if
successful, is expected to be a big driver of its
future growth.
The
company has declined to comment on Polish
newspaper reports this week that it is
negotiating to purchase 200 retail stores in
Poland from Dutch retailer Ahold NV.
''In
our view, the key to unlocking the true value of
Tesco is the international business,'' HSBC
analysts wrote last month.
Tesco,
like Wal-Mart, is looking to expand to new
markets to offset the possibility of future
saturation at home and the collapse of talks with
Bharti, which it was widely expected to win, is a
setback.
Yet,
analysts said there was a still time to enter
India while Tesco, which already operates in 12
countries, reiterated it would be able to achieve
its plan to have 60 percent of its group space
outside Britain by the end of year.
India's
Financial Express reported last weekend that
Bharti and Wal-Mart had agreed a master franchise
agreement that would include hypermarkets,
supermarkets and grocery stores.
The
two would initially invest $100 million, going up
to $1.46 billion, the paper said, quoting
industry sources, but a spokesman for the Bharti
group, which controls India's biggest mobile
services provider, Bharti Airtel Ltd, said at
that time no deal was completed.
(AGENCIES)
|
George Michael to give
concert for UK nurses
LONDON,
Nov 16: Pop
star George Michael will give a special concert
in London next month for the nurses of the
National Health Service to thank them for caring
for his mother who died of cancer in 1997.
The gig at the
Roundhouse on December 20 will mark the end of
his sell-out tour of Europe, which was his first
for 15 years.
''Almost ten years
ago, during the last week of my mother's life, I
told my friends and family that if I ever played
my own concerts again I would make sure to do a
free one for NHS nurses,'' the 43-year-old said
in a statement yesterday.
''The nurses that
helped my family at that time were incredible
people, and I realised just how undervalued these
amazing people are.
''And so I want to
thank them with a Christmas concert. I can't
wait. Neither can the tour crew, for entirely
different reasons.''(AGENCIES)
|
 |
Chinas
banking watchdog warns against
information tech risks
BEIJING,
Nov 25: Chinas Banking
Regulatory Commission (CBRC) intends to
hold a banks top management
responsible for any breakdowns in its
trading and payment system as system
failures could have a domino effect, a
senior official has said.
Board of
directors, supervisory committee and top
management of concerned banks will be
held responsible for any breakdowns in
its trading and payment system, media
reports quoted CBRC Chairman Liu Mingkang
as saying.
Liu urged
domestic banks to "attach great
importance" to IT risks as the
security, reliability and efficiency of
information technology have a direct
bearing on the stability of the financial
industry.
He cited
one example that occurred in April when
the inter-bank trading system of China
Unionpay, the countrys only
national electronic payment network
operator, broke down for six hours,
paralysing most of the countrys
automatic teller machines and Point of
Sales equipment in shops.
About 2.46
million trades involving an aggregate
turnover of 128.77 billion yuan (16.3
billion US dollars) were blocked.
Describing
the losses as "huge", Liu said
bank management must be fully aware that
warding off trading and payment system
risks was not the concern of only one
bank.
"Given
the omnipresence of information
technology, a breakdown in one area could
lead to a domino effect across the entire
sector," he warned.
Liu
ordered that a special unit be set up to
evaluate risk, and upgrade and maintain
information technology facilities. (PTI)
|
Brad
Pitt, Angelina Jolie visit Vietnam
orphans
HANOI, Nov 25: Hollywood
superstars Brad Pitt and Angelina Jolie
doled out candies and toys during a
surprise visit to an orphanage in
southern Vietnam, a state-run newspaper
said today.
The couple
went to Tam Binh orphanage in Ho Chi Minh
City and had lunch there yesterday, the
director of the charity facility told the
Saigon Giai Phong (Liberation Saigon)
daily.
Newspapers,
which ran front-page photos yesterday of
Pitt and Jolie riding a scooter in the
city, said today their photographers had
been unable to capture any shot of the
couple on their second day in town.
The two
arrived in Vietnam on Thursday during
what appeared to be a break from filming
''A Mighty Heart'' in India, where they
have been mobbed by fans and stirred a
media frenzy.
The film
stars Jolie as the wife of US journalist
Daniel Pearl, who was abducted and
murdered by Islamic militants in Pakistan
in 2002. Pitt is the producer.
State
newspapers said the couple flew into
Vietnam on Thursday from Cambodia,
birthplace of their adopted son Maddox.
That night
they dined at a Vietnamese restaurant.
One newspaper said they would leave
Vietnam today.
(AGENCIES)
------------------------------------------------------------------------------------------
Doctors say
Herceptin's cost may hurt others
LONDON, Nov 25: The high cost of
treating cancer patients with expensive
drugs like Herceptin could mean hospitals
cutting treatment for other patients if
no extra funding is available, a team of
doctors said.
Hospitals
in England and Wales were told earlier
this year they should offer the breast
cancer drug Herceptin to suitable
patients in the early stage of the
disease.
But the
drug's high cost -- 20,000 pounds per
patient a year -- means cuts may have to
be made elsewhere, the doctors wrote in
the British Medical Journal.
The
government has dismissed their concerns.
Cancer
doctors Ann Barrett, Tom Roques and
Matthew Small from the Norfolk and
Norwich University Hospital NHS Trust
said yesterday the medicines
cost-effectiveness watchdog NICE, which
approved Herceptin in August for NHS use,
should also say what should be cut to
fund it.
The move
followed high profile legal battles by
women with early stage breast cancer to
force their local health authorities to
pay for the drug.
The
doctors estimated they would have to find
1.9 million pounds a year -- rising to
2.3 million after testing and monitoring
-- to give Herceptin to 75 patients.
But with
limited budgets, funding Herceptin might
mean cutting post-surgery treatment to
355 other cancer patients, of whom 16
would be cured, or 208 patients receiving
palliative chemotherapy.
''These
untreated patients will be people we
know,'' the doctors wrote.
''We will
be the ones to tell them they are not
getting treatment that has been proved to
be effective and which costs relatively
little, because it is not the treatment
of the moment.''
Health
Minister Rosie Winterton dismissed the
doctors' concerns.
''Doctors
treat patients according to their
clinical need.
''Primary
Care Trusts should always be planning
ahead and we would expect them to
consider the implications of introducing
all drugs on the horizon, not just
Herceptin.''
Barbara
Clark, a Somerset nurse who won a legal
fight for Herceptin treatment last year,
said cancer patients were not to blame
for the NHS's financial problems.
''It's
absolutely dreadful that they are blaming
women who have a particularly deadly
cancer for the state of the health
service -- pitting patient group against
patient group,'' she told BBC radio.
(AGENCIES)
|
Swimming
in pools may raise hay fever risk
NEW YORK, Nov 25: Children who go to
swimming pools on a regular basis may be
at risk for developing hay fever in
adulthood, German researchers report.
closer
contact to allergens and increasing the
risk of hay fever.
Subjects
who attended a chlorinated swimming pool
three to 11 times each year at school age
were 74 per cent more likely to develop
hay fever than those who never attended a
pool at school age, the findings
indicate.
Recent
exposure to a chlorinated swimming pool
also increased the risk of hay fever.
Subjects who reported exposure to a pool
more than once a week for the last 12
months were 32 per cent more likely to
have hay fever than non-exposed
individuals.
Lastly,
subjects who reported any lifetime
exposure to chlorinated swimming pools
were 65 per cent more likely to have hay
fever than individuals with no exposure.
The
associations with both recent and
school-age pool attendance appeared to be
dose-related, the authors point out.
The new
findings are consistent with past
research linking exposure to chlorinated
swimming pools with lung
''hyperpermeability,'' as well as
exercise-induced cough and higher asthma
rates, the team notes in the journal
Allergy.
''Hay
fever is a disease with numerous
potential influencing aspects, including
lifestyle changes, environmental factors,
allergen exposure and immunology. Contact
with chlorination by-products might not
be the leading reason for higher
frequencies of hay fever, especially in
adults, but might make up an important
contribution to this multifactorial
disease,'' the authors conclude.
(AGENCIES)
|
Weight-loss
surgery success varies widely
NEW YORK Nov 25: In-hospital
outcomes of weight-loss surgery, also
known as ''bariatric'' surgery, vary
widely from one institution to another,
and it appears that hospitals that
perform the most procedures have the
lowest complication rates, according to
the First Annual HealthGrades Bariatric
Surgery Trends in American Hospitals
Study.
Health
Grades, located in Golden, Colorado,
rates physicians, hospitals, and nursing
homes, and makes this information
available on their web site. The
company's healthcare ratings are used by
consumers, hospitals, employers and their
health plans, liability insurers, and
physicians.
In what
they call ''the first study of its
kind,'' the company used hospital
discharge data between 2002 through 2004
to assess in-hospital outcomes of
bariatric surgeries. Most of the
procedures were gastric bypass or
key-hole (laparoscopic) procedures.
The number
of bariatric surgeries increased by 34
per cent from 2002 to 2004 in the 17
states included in the study. While
bariatric surgery is considered the most
effective treatment for morbid obesity,
it is also associated with significant
risk. In this study, roughly ten per cent
of patients experienced an in-hospital
complication and two patients for every
100O procedures will die.
Included
in their study were 86,520 bariatric
procedures performed in 398 hospitals.
Excluded were 270 hospitals in which
fewer than 30 bariatric surgeries were
performed during the study period and if
fewer than five surgeries were performed
in 2004.
Half of
all the surgeries were performed in four
states: New York, Florida, Texas and
Pennsylvania. Only 644 of patients paid
for the surgery themselves in 2002, but
the number rose to 1028 by 2004.
According
to their risk-adjusted ratings, 17.8 per
cent of hospitals were classified as
''best'' performers and given a five-star
rating; 62.1 per cent were rated as ''as
expected'' performers with a three-star
rating; and 20.1 per cent were rated as
''poor performers'' and given a one-star
rating.
During the
trial period the five-star hospitals
performed 388 surgeries, three-stars
performed 155, and the one-star hospitals
completed 195 surgeries.
The most
common serious complications were
respiratory, bleeding, and cardiac
complications. The risk-adjusted
in-hospital complication rate was five
per cent in the five-star hospitals,
versus 15 per cent in the one-star
hospitals.
The full
study and individual hospital ratings for
bariatric surgery are published online at
www.Healthgrades.Com. (AGENCIES)
|
Anesthetic
jab treats headache in the ER
NEW YORK, Nov 25: For patients
suffering severe headaches who present to
the emergency department, the painkiller
bupivacaine injected into the muscles at
the base of the neck provides safe and
effective headache relief.
These are
the findings of a look back at all 417
headache patients, 18 years of age or
older, who received this treatment over a
one period at a single emergency
department.
Complete
headache relief occurred in 65 per cent
and partial headache occurred in 20 per
cent of patients. Roughly 14 per cent
reported no significant headache relief
and 1 per cent reported a worsening of
headache pain.
Overall,
bupivacaine injections yielded a
therapeutic response in 356 of 417
patients, report Dr Larry B Mellick of
the Medical College of Georgia in Augusta
and colleagues in the journal Headache.
''Headache
relief was typically rapid with many
patients reporting complete headache
relief in five to ten minutes,'' the
authors note. Headache relief was often
accompanied by resolution of associated
signs and symptoms such as nausea,
vomiting, and sensitivity to sound and
light.
Mellick
and colleagues note that headache is a
''common chief complaint'' of patients
who present to the emergency department.
Many come to the ED as a last resort
after other interventions have failed to
provide headache relief.
Based on
their experience, the authors say
bupivacaine injection ''appears to be a
safe and effective therapeutic
intervention for the treatment of
headache pain caused by a spectrum of
etiologies presenting to the ED
setting.''
(AGENCIES)
|
Coloplast
says UK plans
incontinence-carecuts
COPENHAGEN,
Nov 25: Coloplast
said that Britains
Department of Health plans to
save about 27 million pounds per
year by cutting reimbursement for
ostomy and incontinence products,
both big sellers for the Danish
firm.
The Danish
healthcare products maker said
yesterday the department had
issued consultation papers on
reimbursement pricing of stoma
and incontinence appliances and
services and proposed that the
cuts would take effect from June
next year.
The department
estimated that the total savings
would be about 27 million pounds
on a total yearly spending of 200
million, Coloplast said in a
statement.
Coloplast said it
was not possible to predict
exactly the financial effects of
the cuts and added it would not
provide information about the
potential effects during the
consultation process.
The deadline for
returning responses is March 5.
(AGENCIES)
|
|
Heart risk
factors prevalent in psoriasis patients
NEW YORK, Nov 25: Psoriasis sufferers
have an increased frequency of a variety
of cardiovascular risk factors including
diabetes, obesity, high blood pressure,
elevated blood cholesterol levels, and
smoking, results of a study confirm.
In
particular, the current results suggest
that psoriasis is associated with key
components of the metabolic syndrome -- a
clustering of heart risk factors -- and
that this association is stronger in
cases of severe psoriasis.
This
finding is important, say the
investigators, given that individuals
with as few as one or two metabolic
syndrome risk factors are at heightened
risk for death due to cardiovascular
disease.
''Our
other studies suggest that, independent
of other risk factors, severe psoriasis
itself may be a risk factor for heart
attack,'' Dr Joel M Gelfand from the
University of Pennsylvania, Philadelphia
told Reuters Health. ''Therefore,
patients with psoriasis should be
screened for cardiovascular risk factors,
and if these risk factors are present,
they should be managed appropriately.''
Gelfand
and colleagues identified 127,706
patients with mild psoriasis and 3,854
with severe psoriasis. Each psoriasis
patient was matched to up to five
psoriasis-free control subjects.
Diabetes
was present in 7.1 per cent of patients
with severe psoriasis and in 4.4 per cent
of those with mild psoriasis compared
with just 3.3 per cent of controls.
High blood
pressure was present in 20 per cent of
patients with severe psoriasis, 14.7 per
cent of those with mild psoriasis and
11.9 per cent of controls. Elevated
cholesterol or ''hyperlipidemia'' was
documented in 6 per cent, 4.7 per cent,
and 3.3 per cent, respectively.
Nearly
20.7 per cent of individuals with severe
psoriasis and 15.8 per cent of those with
mild psoriasis were obese compared with
roughly 13.2 per cent of controls.
Thirty-one per cent of those with severe
psoriasis were smokers compared with 28
per cent of those with mild psoriasis and
20.7 per cent of psoriasis-free controls.
Compared
with controls, patients with mild
psoriasis had higher adjusted odds of
diabetes, hypertension, hyperlipidemia,
obesity, and smoking. Patients with
severe psoriasis had higher adjusted odds
of diabetes, obesity, and smoking.
Additionally,
diabetes and obesity were more prevalent
in patients with severe psoriasis than in
those with mild psoriasis.
Patients
with psoriasis should be encouraged to
identify and manage their modifiable
cardiovascular risk factors, the authors
conclude.
(AGENCIES)
|
Stroke
more common among the poor
NEW YORK, Nov 25: Socioeconomic
status may account for some, but not all,
of the increased risk of stroke African
Americans face, a new study shows.
Among men
and women living in the Greater
Cincinnati area, blacks were 69 per cent
more likely to suffer a first-time stroke
in 1999 than whites, Dr Dawn O
Kleindorfer of the University of
Cincinnati in Ohio found. Adjusting for
the effects of socioeconomic status
reduced some of the effects of ethnicity,
but not all of them.
Kleindorfer
and her team conclude that about 39 per
cent of African Americans' increased
stroke risk is due to socioeconomic
status.
But the
factors responsible for the remaining
greater risk remain unclear, she noted in
an interview with Reuters Health. High
blood pressure, diabetes, genetic factors
and even diet have been proposed as
possibilities, said Kleindorfer, who
believes high blood pressure and diabetes
are the most plausible contributors. She
and her colleagues are now conducting a
large National Institutes of
Health-funded study to investigate the
issue.
In the
current study, whites faced the same
greater stroke risk from living in poorer
neighborhoods seen among blacks.
People who
live in a high-poverty census tract
aren't necessarily poor themselves,
Kleindorfer notes, but they may
experience other factors that can affect
health such as worse access to hospitals
and health care, crime and crowding.
She and
her colleagues conclude: ''Further study
is required to understand why
socioeconomic status is associated with
stroke incidence so that we may intervene
and decrease stroke incidence in the
future.''(AGENCIES)
---------------------------------------------------------------------------------------------------------
Eiffel
tower restaurants to change hands:Report
PARIS, Nov 25: French restaurateur
Alain Ducasse, with the backing of
catering group Sodexho, is set to win the
concession to run the restaurants at
Paris's Eiffel tower, Le Parisien
newspaper reported.
It quoted
Jean-Bernard Bros, an adviser to Paris
mayor Bertrand Delanoe, as saying the
decision to award the concession to
Ducasse and Sodexho unit L'Affiche, which
provides catering to a number of French
race courses, had been taken unanimously.
Neither Sodexho nor the Ducasse group
would comment on the report.
Folic
acid can cut heart attack risk:Experts
LONDON, Nov 25: Can taking folic
acid supplements reduce the risk of heart
disease and stroke? British researchers
believe it can.
After
analysing evidence from earlier studies,
a team of scientists in Britain said
yesterday there is enough research that
shows folic acid lowers levels of the
amino acid homocysteine and reduces the
odds of cardiovacular disease.
''The
evidence is very persuasive that lowering
homocysteine with folic acid will lower
your risk of heart attack and stroke by
about ten to 20 per cent,'' David Wald,
of the Wolfson Institute for Preventive
Medicine, Barts and the London, Queen
Mary School of Medicine and Dentistry in
London, said in an interview.
Folic acid
is a synthetic compound of folate, a B
vitamin found in green leafy vegetables
and liver. Women are advised to take
folic acid before conceiving and during
the early months of pregnancy to prevent
neural tube disorders such as spina
bifida.
Homocysteine
is thought to increase the risk of
cardiovascular disease by damaging the
inner lining of arteries.
Wald and
his team analysed results of large cohort
trials looking at homosysteine and heart
attacks and strokes in mainly healthy
people and others that tested the effects
of lowering levels of the amino acid.
They also
examined studies of people with a genetic
mutation, which occurs in one in 10
people, that increases their homocysteine
level and the impact of folic acid in
reducing it.
''The
evidence shows clearly that those people
who have the genetic defect who have
higher homocysteine levels have a high
risk,'' said Wald. ''The work we have
done looks closely at this type of
evidence because if you take enough folic
acid, or folate, you can cancel out the
effect of this mutation''.
The cohort
and genetic studies showed a protective
effect from lower homocysteine levels.
Wald said there are trials that have
shown no effect but he explained that
they were too small, too short-term or
too inconclusive.
''All the
evidence put together is compelling,'' he
said, adding that folic acid is a cheap
and simple way to reduce heart disease
and strokes.
Cardiovascular
disease is a leading cause of death
worldwide. A family history of the
disease, smoking, high blood pressure,
raised cholesterol, obesity, lack of
exercise and diabetes are risk factors
for cardiovascular disease.
(AGENCIES)
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