Opposition leader Alexei Navalny made an unexpectedly strong showing in Moscow's mayoral elections that could alarm the Kremlin and fuel Russia's flagging protest movement, despite an ally of President Vladimir Putin winning the vote as predicted. Early returns allowed Sergei Sobyanin to say he was certain of victory, and results released by the electoral commission after a
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Former U.S. basketball star Dennis Rodman returned on Saturday from his second visit to North Korea this year where he again met the reclusive country's leader Kim Jong-un, but did not come back with jailed American missionary Kenneth Bae. The flamboyant former NBA star's visit came after North Korea abruptly withdrew its invitation to Robert
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An unmanned Minotaur 5 rocket blasted off from the Virginia coast on Friday to send a small NASA science satellite on its way to the moon. The Lunar Atmosphere and Dust Environment Explorer spacecraft (LADEE) was designed to look for dust rising from the lunar surface, a phenomenon reported by the Apollo astronauts decades ago.
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Classic cars such as Ferraris, Bugattis and Bentleys soared by 28% in value in the year to June, outstripping gold, art and luxury London property thanks to rising demand from wealthy Asians. Property consultancy Knight Frank, which publishes an index tracking the performance of luxury goods, said the world's wealthy were putting more money into
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Australia's conservative leader Tony Abbott voted at a Sydney surf club on Saturday, exuding confidence as polls pointed to a landslide election win over Prime Minister Kevin Rudd and an end to six years of troubled Labour rule. Abbott, a fitness fanatic often photographed in his swimming costume at his local beach, wore a suit
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U.S. President Barack Obama resisted pressure at the G20 summit in St Petersburg on Friday to abandon plans for air strikes against Syria and enlisted the support of ten fellow leaders for a "strong" response to a chemical weapons attack. Obama refused to blink after Russian President Vladimir Putin led a campaign to talk him out
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. Corporate governance: Context and ‘inside-out’ practices By Petros Florides Around the world, two systems of corporate governance have developed in response to different contexts. The “Outsider System” is mostly found in Anglo-Saxon countries that have embraced capitalism and prefer risk capital to fund commerce and industry. Some characteristics of this system are: dispersed shareholders,
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. Understanding balance sheet creative accounting By Rakis Chistoforou, Director, R C Business Valuation & Forensic Accounting Ltd Creative accounting occurs when companies take advantage of loopholes to show that they are more profitable or financially stable than they actually are. In some cases, companies are not yet breaking the law, but are most likely
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. Calling off America’s bombs By Jeffrey D. Sachs As the US Congress considers whether to authorize American military intervention in Syria, its members should bear in mind a basic truth: While Syrian President Bashar Al-Assad has repeatedly used extreme violence to retain power, the United States – and other governments in the Middle East
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For the third time in a row Lufthansa has been voted “Europe’s leading airline” at the World Travel Awards, following a voting process involving 230,000 travel tourism and hospitality professionals worldwide. Lufthansa was selected as winner from a shortlist of eleven top European airline brands. Graham E. Cooke, President and Founder, World Travel Awards said:
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