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Gold and Copper Miner, Newcrest Mining Reports Boost in Output

UAE News - Mon, 07/25/2016 - 08:10

Newcrest Mining, the Australia based gold and copper miner reported a 0.7 percent boost in output to 2.4 million ounces in this financial year. In the June quarter, production dropped 6 percent compared to the March quarter.

According to the miner, June quarter's output drop was mainly attributed to an extended suspension in production in Indonesia's Gosowong mine due to "geotechnical event" in February. One miner was trapped underground in this mine and was later rescued successfully.

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Billions of Dollar Leave the African Continent in IFFs

UAE News - Mon, 07/25/2016 - 08:09

A new report from United Nations Conference on Trade and Development or UNCTAD showed that IFFs of illicit financial flows have deprived Africa of the much need finance for development to achieve its goals for progress.
According to the 2016 UNCTAD Economic Development in Africa Report between 1970 and 2008 total US854-billion or approximately R12218-billion has left Africa in illicit financial flows.

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Ralph Nader Inducted into Automotive Hall of Fame

UAE News - Mon, 07/25/2016 - 08:08

On Thursday, Ralph Nader, the renowned political activist and author whose main areas of concern include consumer protection, while being inducted to the Automotive Hall of Fame, was still not all praises about the auto industry.

Nader's book in 1965, "Unsafe at Any Speed" is considered to be among twentieth century's most important pieces of public advocacy journalism.

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Egg Patty at Dunkin’ Donuts Soon to Come with More Egg

UAE News - Sun, 07/24/2016 - 05:56

People who are fond of egg patty at Dunkin' Donuts will soon get more taste of eggs as the Canton, Massachusetts based donut company and coffee house chain is making an effort to ramp up its food quality.

Dunkin' Donuts said, for a few months it has been testing a new egg formula and expects to introduce the new version with more eggs and less water and other ingredients sometime in the middle of August all over the country.

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Categories: UAE News

No Emiratisamong victims of Munich attack, UAE Consulate

UAE News - Sat, 07/23/2016 - 11:36

The UAE Consulate General in Munich, Germanyhave confirmed that all UAE citizens are safe following the shootings in the German city on Friday.

The Consulate General said that no Emiratis were among the victims or the injured in the shooting incidence.

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UAE celebrates Liwa Dates Festival in Abu Dhabi

UAE News - Sat, 07/23/2016 - 11:35

The United Arab Emirates is celebrating the Liwa Dates Festival focusing on 'ratab' or half ripen dates in the Western Region of Abu Dhabi.

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Categories: UAE News

Elliott Management Persuades PulteGroup to Add Three New Members to Its Board

UAE News - Sat, 07/23/2016 - 08:51

Atlanta, Georgia based PulteGroup, the home building company announced a strong quarterly report and witnessed its stocks climb, following the news. The company also struck a deal with Paul Singer's Elliott Management.

PulteGroup agreed to add three new directors to its board. Two of the new members will help choose its next CEO when it's current CEO Mr. Dugas leaves.

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SunTrust Bank’s Brokerage Revenue Slips in the Second Quarter

UAE News - Sat, 07/23/2016 - 08:49

The second quarter financial results of the SunTrust Bank on Friday revealed that the wealth management businesses faced a slowdown in revenue growth.

The revenue from the Bank's trust and investment management services dropped eleven percent to $75 million compared to $84 million last year same quarter. Revenue in Q2 remained flat compared to the earlier quarter.

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Walmart Opens Shelves to Weather Damaged ‘Ugly’ Fruits in an Effort to Curb Food Wastage

UAE News - Sat, 07/23/2016 - 08:46

Walmart, the largest grocer in the world is testing a pilot program in an effort to reduce the estimated wastage of 133 billion pounds of food worth about $29 billion every year in America.

It is selling weather-dented apples in 300 Florida stores at a discounted price. Although, these fruits may not look too pretty but do not differ in taste or flavor. Mainly damaged by severe storms or a stretch of hot spell or other weather related irregularities, these fruits get damaged externally, which makes them off limits from most of the grocers' shelves.

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This herbal combo packs powerful punch against colon cancer

Health News - Sat, 07/23/2016 - 04:43

Washington D. C, Jul 23 : A team of researchers may have found a herbal way to fight off colon cancer.

The Saint Louis University scientists showed that a combination of two plant compounds that have medicinal properties - curcumin and silymarin - holds promise in treating the disease.

Curcumin is the active ingredient in the spice turmeric, which is present in spicy curry dishes, and silymarin is a component of milk thistle, which has been used to treat liver disease.

The researchers and their students studied a line of colon cancer cells in a laboratory model. They found treating the cells initially with curcumin, then with silymarin was more effective in fighting cancer than treating the cells with either phytochemical alone, said corresponding author Uthayashanker Ezekiel.

"The combination of phytochemicals inhibited colon cancer cells from multiplying and spreading. In addition, when the colon cancer cells were pre-exposed to curcumin and then treated with silymarin, the cells underwent a high amount of cell death," he noted, adding "Phytochemicals may offer alternate therapeutic approaches to cancer treatments and avoid toxicity problems and side effects that chemotherapy can cause."

Scientists next would need to study how the curcumin and silymarin impact the actions of molecules, such as genetic transcription and expression, that cause cells to change, Ezekiel said. Then the compounds would be studied in an animal model, then in humans.

The study appears in the Journal of Cancer. (ANI)

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Simple 'talk therapy' can help cut cost of curing the blues

Health News - Sat, 07/23/2016 - 04:30

Washington D. C, Jul 23 : A new study has suggested that a simple and inexpensive psychotherapy or talking therapy, known as behavioural activation (BA), treats depression in adults just as well as the gold-standard cognitive behavioural therapy (CBT).

With long waiting lists and limited access to services, many people who need CBT for depression cannot get treatment. The study suggests that behavioural activation therapy could be delivered by junior mental health workers, leading to considerable savings for the NHS and other health services.

"Our findings challenge the dominance of CBT as the leading evidence-based psychological therapy for depression," said lead author David Richards from the University of Exeter, UK. "Behavioural activation should be a front- line treatment for depression in the UK and has enormous potential to improve reach and access to psychological therapy worldwide."

The Cost and Outcome of Behavioural Activation versus Cognitive Behavioural Therapy for Depression (COBRA) trial recruited 440 adults with depression from primary care and psychological therapy services in three areas of England. Participants were randomly assigned to receive either a maximum of 20 sessions of behavioural activation treatment delivered by junior mental health workers (221 participants), or CBT delivered by experienced psychological therapists (219). Between 20-30 percent of participants in each group did not attend the minimum number of 8 therapy sessions or dropped out, a common problem in psychological therapy services, and were not included in the analysis.

"Behavioural activation is an 'outside in' treatment that focuses on helping people with depression to change the way they act. The treatment helps people make the link between their behaviour and their mood. Therapists help people to seek out and experience more positive situations in their lives. The treatment also helps people deal with difficult situations and helps them find alternatives to unhelpful habitual behaviours," explained Richards.

He added, "In contrast, CBT is an 'inside out' treatment where therapists focus on the way a person thinks. Therapists help people to identify and challenge their thoughts and beliefs about themselves, the world, and their future. CBT helps people to identify and modify negative thoughts and the beliefs that give rise to them."

According to Professor Richards, "Our findings indicate that health services worldwide, both rich and poor, could reduce the need for costly professional training and infrastructure, reduce waiting times, and increase the availability of psychological therapies. However, more work still needs to be done to find ways to effectively treat up to a third of people with depression who do not respond to CBT or behavioural activation."

The study is published in The Lancet. (ANI)

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Dubai launches ‘Dubai Future Accelerators’ initiative

UAE News - Fri, 07/22/2016 - 12:34

Crown Prince of Dubai and Chairman of Dubai Executive Council, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has announced the launch of the Dubai Future Accelerators that will help enable rapid deployment of transformative technologies in the city.

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Gradual fiscal adjustments will help boost growth, IMF

UAE News - Fri, 07/22/2016 - 12:29

The IMF Executive Board has said that the gradual fiscal adjustments will help the United Arab Emirates economy to record strong growth.

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No More ‘Tampon Tax’ in New York after Fifty One Years

UAE News - Fri, 07/22/2016 - 08:59

On Thursday, New York became the latest state to do away with the so called "Tampon tax' or sales tax on tampons and feminine hygiene products. With the move, New York is the 11th state in the country without a tax on menstrual products.

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Advanced Micro Devices Second Quarter Earnings Report Beat Analysts’ Estimation

UAE News - Fri, 07/22/2016 - 08:57

Advanced Micro Devices Inc, the Sunnyvale, California based semiconductor company announced its second quarter earnings report and came out with flying colors.

Thursday's report showed that the chip maker earned a quarterly profit and also marked its first sales increase in almost two years. The gain is mainly attributed to increasing sales of customized chips supplied to videogame makers and also a rising demand for its recent graphics products.

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Nationwide Home Sale Figures Climb in June

UAE News - Fri, 07/22/2016 - 08:55

In June, home sales jumped in most U.S states including Ohio. That continues the trend of recent gains even though the supply pool is limited.

On Thursday, the Ohio Association of Realtors said record gains in home sales were noted in June. Annually, the sales rate was 5.4 percent up compared to the previous year based on seasonally adjusted data. Transactions in the housing market increased almost one percent from May.

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With menopause reversal, women can get more fertile years

Health News - Fri, 07/22/2016 - 06:27

London, Jul 22 : For those who thought their childbearing years were over, there's a good news - a team of researchers has found a way to keep you going even after menopause.

The team claimed that the technique, wherein periods are restarted by rejuvenating ovaries to release fertile eggs, even worked on a woman who had not menstruated in five years, the Mirror reported.

Scientists were successful in fertilising her two eggs using her husband's sperm. Now, the embryos are on ice before they are implanted in her uterus.

Another 30 women who want children have had the treatment, which is said to have worked in two-thirds of cases.

Gynaecologist Konstantinos Sfakianoudis from the Greek fertility clinic Genesis Athens said: "It offers a window of hope that menopausal women will be able to get pregnant using their own genetic material."

The team found ovaries can be restarted with a blood treatment used to help wounds heal faster called Platelet-rich plasma (PRP) which helps trigger growth of tissue and blood vessels.

When injected into older ovaries it was found to restart menstrual cycles, allowing the team to collect and fertilise eggs released, according to the New Scientist.

Roger Sturmey at Hull York Medical School in the UK said: "It is potentially quite exciting. But it also opens up ethical questions over what the upper age limit of mothers should be. Where would the line be drawn?" (ANI)

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How kicking that cigarette butt can be good for your liver

Health News - Fri, 07/22/2016 - 05:09

Washington D. C, Jul 22 : People, who are trying to kick their smoking habits, tend to drink less alcohol, a recent research has found.

In England, people who attempted to stop smoking within the last week reported lower levels of alcohol consumption, were less likely to binge drink, and were more likely to be classified as 'light drinkers' (having a low alcohol risk) compared with those who did not attempt to stop smoking.

Lead author Jamie Brown, from University College London, England, said: "These results go against the commonly held view that people who stop smoking tend to drink more to compensate. It's possible that they are heeding advice to try to avoid alcohol because of its link to relapse."

The study involved household surveys, where a total of 6,287 out of 31,878 people reported smoking between March 2014 and September 2015. Of these, 144 had begun an attempt to quit smoking in the week before the survey. The respondents completed the Alcohol Use Disorders Identification Test consumption questionnaire (Audit-C). The data were a cross sectional representation of the population of adults in England.

The researchers looked at the association among smokers in England between a recent attempt to quit smoking and alcohol consumption. They identified smokers as light or heavy drinkers (light was indicated with an Audit-C score below 5 and heavy was indicated with an Audit-C score greater than 5) and analysed their recent attempt to stop smoking (identified by those who had attempted to quit in the last week with those who had not) and a current attempt to cut down on their drinking.

This was an observational study which means that it cannot demonstrate cause and effect. It may be that smokers choose to restrict their alcohol consumption when attempting to quit smoking to reduce the chance of relapse. Alternatively, it could be that people who drink less are more likely to quit smoking. If this is the case, smokers with higher alcohol consumption may need further encouragement to quit smoking.

Jamie Brown adds: "We can't yet determine the direction of causality. Further research is needed to disentangle whether attempts to quit smoking precede attempts to restrict alcohol consumption or vice versa. We'd also need to rule out other factors which make both more likely. Such as the diagnosis of a health problem causing attempts to cut down on both drinking and smoking."

The study appears in the open access journal BMC Public Health. (ANI)

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Aldar Properties awards contracts worth $119.7 million

UAE News - Thu, 07/21/2016 - 10:28

Aldar Properties, an Abu Dhabi listed company, has announced that it has awarded contracts worth $119.7 million or AED 440 million for two of its projects in Abu Dhabi.

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UAE employees will have 98 days paid maternity leaves at Atkins

UAE News - Thu, 07/21/2016 - 10:27

Atkins and Faithful+Gould, its subsidiary company, will now offer 98 days of paid maternity leaves to employees in the United Arab Emirates instead of 45 days offered earlier.

The company said that it was already complying with the labour laws in each Gulf Cooperation Council country. The law in USE mandates 45 days of paid maternity leaves but the company is extending its rules to offer 98 days of paid leaves. Under the new rules, the female employees will also be allowed to take paid 'Keeping in Touch' days to remain in contact with their teams.

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Categories: UAE News

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