Saudi Prince stopped from moving real estate sale proceeds

WASHINGTON, Feb 10: A federal judge has temporarily blocked Prince Bandar bin Sultan, the former Saudi ambassador to the US.......more

'Apology to Aborigines will lift 'blight on nation's soul''

SYDNEY, Feb 10: The Australian parliament's apology to Aborigines to be delivered this week will remove a "blight on the nation's soul", Prime Minister Kevin .....more

Indian makes to world's top 50 headhunters list

NEW YORK, Feb 10: Finding the right talent may be a major concern for India Inc, especially in the IT space, but an Indian has been named among the .......more

`Juno' take top honour at Writers Guild of America Awards

LOS ANGELES, Feb 10: "Juno" and "No Country for Old Men" won top honours at the Writers Guild of America Awards.The ....more

NKorea increases military manoeuvres: Report

SEOUL, Feb 10: Energy-starved North Korea has recently increased military manoeuvres, arousing suspicions it may have diverted fuel oil provided under .....more

Indian jailed for illicit affair

DUBAI, Feb 10: A 30-year-old Indian was jailed for having an illicit affair with a Sri Lankan maid in Bahrain, a media report said.The two were caught in compromising position by .....more

1,300 workers go on strike in Bahrain

DUBAI, Feb 10: Over 1,200 workers, most of them Indians, of a major construction company in Bahrain went on strike demanding better pay packages ......more

Rushdie's 'psychological profile' may start new trend

LONDON, Feb 10: The first 'psychological profile' of controversial India-born novelist Sir Salman Rushdie, depicting him as a purple lobster, may trigger a new fashion in portraiture for .''......more

     

First Asian Film Festival opens in Jeddah

Impatient people 'are terrible procrastinators'

UAE need more workers in future

SC upholds discharge of habitual offenders in Air Force

 

Saudi Prince stopped from moving real estate sale proceeds

WASHINGTON, Feb 10: A federal judge has temporarily blocked Prince Bandar bin Sultan, the former Saudi ambassador to the US, from removing real estate sales proceeds from the United States pending resolution of a class-action lawsuit.

The suit filed last September by a tiny Michigan city retirement system accuses current and former directors of BAE Systems PLC, a giant British defence company, of breaches of fiduciary duties in connection with USD 2 billion or more in alleged illegal bribes paid to Bandar in connection with an USD 86 billion BAE arms sale to Saudi Arabia in 1985.

Bandar also is named a defendant in the suit, along with the former Riggs Bank of Washington and its successor, PNC Financial Group.

BAE and Bandar have strongly denied that illegal payments were made to Bandar.

Without ruling on the merits of the case, US District Judge Rosemary M Collyer said in a temporary restraining order, signed February 5, that the suit by the City of Harper Woods Employees' Retirement System raises serious questions of law that warrant a temporary order keeping Bandar from taking the proceeds of real estate sales out of US-based accounts.

The order directs that such sales proceeds "be deposited and/or invested pursuant to a prudent man standard" in US accounts, but specifically notes that it "does not prevent him from selling real property" and "only interferes with his ability to invest and/or deposit any sales proceeds in a minimal way."

The order further notes that "it may, of course, be terminated or modified upon application to the Court by Prince Bandar." A hearing was set for February 14 on whether to issue a preliminary injunction extending the temporary order. (AGENCIES)

'Apology to Aborigines will lift 'blight on nation's soul

SYDNEY, Feb 10: The Australian parliament's apology to Aborigines to be delivered this week will remove a "blight on the nation's soul", Prime Minister Kevin Rudd said today.

Rudd, who was elected to government in November, has pledged to offer the apology to the so-called "stolen generations," who were taken from their families as children, as the first act of the new parliament.

The previous conservative government of John Howard had doggedly refused to say "sorry", saying current generations should not apologise for the wrongs of their forebears.

But Rudd said Australians felt an "overwhelming desire" to recognise the tens of thousands of indigenous people taken from their homes as children under policies designed to force assimilation.

"It is unfinished business for the nation," he told the Nine Network.

"It's never going to be a unity ticket, a whole lot of people out there have raised objections and concerns.

"But I think this is a blight on the nation's soul. I think we need to act on it."

The prime minister said he was finalising the wording of the apology he will make in front of more than 100 members of the "stolen generations" at Parliament House in Canberra on Wednesday.

"The key thing, the absolute key thing here is to get it right in terms of the stolen generations themselves, to make sure the language is right," he said.

"That's my first responsibility, otherwise next Wednesday is a wasted event." (AGENCIES)

Indian makes to world's top 50 headhunters list

NEW YORK, Feb 10: Finding the right talent may be a major concern for India Inc, especially in the IT space, but an Indian has been named among the world's 50 most influential headhunters by renowned financial publication BusinessWeek.

Dinesh Mirchandani, who heads India operations of global executive search firm Boyden World, is the only Indian on a list of the world's 50 most influential headhunters compiled by the US magazine.

Mirchandani specialises in technology sector, besides hiring for financial services, real estate and infrastructure, manufacturing and consumer products areas, all of which are highly dependent on right skill sets.

Mumbai-based Mirchandani is the Regional Director (APAC region) and President (India) of Boyden World and is considered to be a specialist in hiring C-level executives, R&D chiefs and HR professionals.

The BusinessWeek list also has three other executives from the US-based Boyden World Corp - its Global President and CEO Christopher John Clarke, Chairman Trina Gordon and Senior Partner Pasi Koivusaari.

Other names on the list include Ulrich F Ackermann, managing partner of Transearch International Deutschland, Robert L Benson of Slayton Search Partners, Jay Gaines, who is the President and CEO of Jay Gaines & Co and Roger M Kenny, the President of Boardroom Consultants.

BusinessWeek said these 50 headhunters together "recruit the lion's share of CEOs, presidents, and board members at the world's largest and most prestigious corporations. They exert massive influence the world over."

These headhunters include former management consultants, authors, board advisers, entrepreneurs and philanthropists. (PTI)

`Juno' take top honour at Writers Guild of America Awards

LOS ANGELES, Feb 10: "Juno" and "No Country for Old Men" won top honours at the Writers Guild of America Awards.

The guild announced the winners after canceling its awards ceremony set for last night because its members were on strike. Writers on both coasts were meeting yesterday to review a tentative agreement that could end a walkout that began on November five.

Diablo Cody won the original screenplay prize for "Juno," a tale of a wisecracking teen who gets pregnant and decides to give her baby up for adoption.

Brothers Ethan and Joel Coen received the adapted screenplay award for "No Country for Old Men," which features a relentless hit man played by Javier Bardem searching for Josh Brolin, who makes off with a fortune left behind at a drug deal gone awry.

Cody and the Coen brothers are nominated in the same categories for the Academy Awards later this month. Both films also are competing for the best-picture prize.

Alex Gibney won the WGA's documentary screenplay award for "Taxi to the Dark Side," which is nominated for best documentary at the Oscars.

In the television categories, "The Wire" won for dramatic series, while "30 Rock" earned an award for best comedy series. (AGENCIES)

NKorea increases military manoeuvres: Report

SEOUL, Feb 10: Energy-starved North Korea has recently increased military manoeuvres, arousing suspicions it may have diverted fuel oil provided under a multinational aid-for-disarmament deal, a report said today.

"It is noteworthy that the North's armoured units have sharply increased exercises in the ongoing winter manoeuvring," an unnamed military source told South Korea's Yonhap news agency, adding Seoul and Washington were analysing the moves.

The new drills involved fighter jets and armoured vehicles in contrast to previous years which had focused on artillery rather than such oil-consuming exercises, the source added.

"We understand North Korea has been enhancing the number of flights flown for training," another unnamed military source told Yonhap.

The sources attributed the increased manoeuvring of armoured vehicles and aircraft to the North's "improving" oil supply conditions, without elaborating.

South Korea's defence ministry refused to comment on the report.

But Yonhap said US and South Korean intelligence experts were trying to verify whether the North had diverted the provided fuel oil or earnings from inter-Korean business for military purposes.

Under a six-nation agreement last year, the North would receive one million tons of heavy fuel oil or equivalent aid in return for disabling its nuclear facilities and declaring all relevant programmes. (AGENCIES)

Indian jailed for illicit affair

DUBAI, Feb 10: A 30-year-old Indian was jailed for having an illicit affair with a Sri Lankan maid in Bahrain, a media report said.

The two were caught in compromising position by the sponsor’s 10-year-old daughter on January 18, the Lower Criminal Court heard.

The court said that they be deported after completing their sentences. (PTI)

1,300 workers go on strike in Bahrain

DUBAI, Feb 10: Over 1,200 workers, most of them Indians, of a major construction company in Bahrain went on strike demanding better pay packages and adequate facilities for themselves.

Employees of the GP Zacharides company, based in Durrat Al Bahrain, downed tools asking for hike in their salary.

The workers participating in the strike belong to India, Bangladesh, Pakistan, Nepal and Sri Lanka.

They said they would not call off their strike until the demands were met.

The strike comes days after Indian Ambassador Balkrishna Shetty revealed plans to institute a BD100 minimum wage for Indian workers in the Gulf.

"We have decided to halt work until we get a salary rise. All we get paid is a basic of BD57 despite the fact that companies are making huge profits from us," he said.

Workers also complained that the firm does not provide adequate medical facilities to the workers. (PTI)

Rushdie's 'psychological profile' may start new trend

LONDON, Feb 10: The first 'psychological profile' of controversial India-born novelist Sir Salman Rushdie, depicting him as a purple lobster, may trigger a new fashion in portraiture for celebrities, a leading British newspaper reported today.

The report accompanying the profile in 'The Sunday Times' said that that after hiding for more than a decade with a price on his head, the author could be forgiven for objecting to a portrait that actually shows his face.

Instead of attending a conventional sitting, the 60-year-old Rushdie, submitted to a psychological test conducted at his New York apartment with a couple of Californian conceptual artists.

The result depicts Rushdie, a slightly donnish, bearded figure, as a purple lobster, floating before a fiery red planet, surrounded by snowflakes.

The portrait provides a psychological profile of the novelist during the collapse of his marriage to his fourth wife, the model and food writer Padma Lakshmi, 37, the report said.

Rushdie faced death threats from Muslims after a fatwa was imposed on him by Ayatollah Ruhollah Khomeini, Iran 's spiritual leader, in 1989 for his controversial book 'The Satanic Verses'.

His knighthood, announced last June, prompted riots in Pakistan, and his separation from Lakshmi followed in July. (PTI)

First Asian Film Festival opens in Jeddah

DUBAI, Feb 10: The 12-day long Asian Film Festival got off to a colourful start in Saudi Arabia with Bollywood movie "Chak De India", amidst unparalled excitement by the people, gathered there to celebrate the occasion.

The festival, held for the first time here, was inaugurated by Ambassador Mohammad Bin Ahmad Tayyab, who is the Director General of the Ministry of Foreign Affairs.

Dr Ausaf Sayeed, the Indian Consul General, lauded the gathering and said that organising a film festival here is rare and momentous occasion for the diplomatic community.

The festival will showcase some of the acclaimed movies from all across the 11 Asian nations.

Another aspect of the Festival is that it is also going to screen for the first time Saudi short films and documentaries, Sayeed said yesterday.

A Saudi documentary 'Full Moon Night', directed by Mamdouh Salem, was also screened.

The documentary described the joyous traditions of the Hejaz area during festive occasions and their impact on the local youths.

Talking about 'Chak De India', Dr Sayeed said that it is a story about honesty, sincerity, integrity and commitment to a cause.

The festival would screen the Japanese film 'Nitaboh' today. (PTI)

Impatient people 'are terrible procrastinators'

LONDON, Feb 10: If you've found yourself putting off important tasks over and over again, it's time you consult a psychologist. Going by a new study, you may be suffering from a condition that can require therapy.

A team of international researchers has found that procrastinators are impatient people. In fact, they have traced a clear link between the two opposite traits which are "actually different aspects of the same condition".

"Procrastination seriously affects our productivity at work and can cost people considerable amounts of money as they postpone work indefinitely. People don't want to procrastinate -- it is just that their impatience gets in the way.

"A procrastinator might work better with weekly deadlines which force him to keep up to speed, as opposed to a big deadline far in the future," researcher Ernesto Reuben of the Kellogg School of Management told 'The Daily Telegraph'.

The researchers came to the conclusion after designing an experiment in which MBA students have won prize money of up to 200 pounds, and have a choice of receiving payment by cheque either immediately or in two weeks.

They found that the students who were impatient and wanted to receive the prize money immediately were also more likely to procrastinate and delay encashing the cheque, even controlling for the amount of prize money.

To test their results, the team also asked the students to complete two surveys, one mandatory as part of their course and one voluntary, both with specific deadlines. They found those who wanted their cheques immediately were more likely to leave the surveys until just before deadlines.

The researchers also found an even stronger link between impatience and procrastination in "naive" students that is, those who claimed that they do not procrastinate. (PTI)

UAE need more workers in future

DUBAI, Feb 10: In what could help Indians seeking employment in the UAE, the gulf country is witnessing a boom in the real estate sector with estimates showing that the number of workers needed by it would double in the next five years to six million.

There are about 2.7 million expatriate workers in the country, 80 per cent of whom are working in the construction sector.

Currently, the GCC hosts 12 million expatriate workers and their number is estimated to increase up to 30 million by 2010.

"I believe 65 per cent of the workforce in the UAE are unskilled. When I need 100 workers, I would seek work permits for 150 people from the Ministry of Labour," said the Khaleej Times quoting Rashad Mahmoud, a construction company official.

Rafic Ali Suleiman, project manager of an another construction company, said the firms must be given the right to choose skilled workers. (PTI)

SC upholds discharge of habitual offenders in Air Force

NEW DELHI, Feb 10: The Supreme Court has upheld the discharge of certain Air Force officers by the Government for being habitual offenders.

A bench of Justices Arijit Pasayat and P Sathasivam said the Government had sufficiently followed the Air Force Rules, 1969, while discharging the delinquent officers.

The apex court upheld the discharge orders while allowing a bunch of appeals filed by the Union Government against the Rajasthan High Court’s orders.

The High Court had quashed the discharge orders on the ground that the disciplinary authority did not give proper consideration to the replies filed by the aggrieved officers in the show-cause notices issued to them.

However, the apex court after perusing the documents held that the authorities had followed the relevant rules and had given adequate opportunities to the delinquent officers to voice their views before discharging them from service.

The habitual offenders policy was formulated by the Air Force mainly to weed out indisciplined personnel from the force.

The policy was formulated on the basis of a study conducted by the defence management, wherein it was held that a core group of airmen had been regularly contributing to the annual offences statistics in the Air Force.

It was stated that the behaviour of such officers had an adverse effect and influence on the general morale and discipline of others, particularly the younger recruits. (PTI)

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