March 22, 2013
China needs ‘renewed reform momentum’, says OECD survey
China needs a "renewed reform momentum" to sustain long term growth, the Organisation for Economic Co-operation and Development (OECD) has said. It said the financial sector, urbanization, state ownership and innovation were key areas for reforms.…
March 22, 2013
Cyprus MPs due to vote on new plan to secure bailout
MPs in Cyprus are due to begin voting on a series of bills that aim to raise the funds the country needs to secure an international bailout. The country is in a race against time after the European Central Bank gave Cyprus until Monday to find the…
March 22, 2013
US home sales rise fuels recovery hopes
Signs of recovery in the US economy have been underlined with news that home sales are running at a three-year high and that a confidence index rose. Sales of existing homes in February were at their highest annual rate since November 2009,…
March 22, 2013
YouTube reaches one billion monthly users
YouTube, the video sharing site owned by Google, has announced it has passed one billion regular users. Announcing the milestone on its blog, the site said a recent growth in smartphones had helped boost the numbers visiting the site every month.…
March 22, 2013
Hedge funds storm back into form
With crisis in Cyprus, gloom in the UK's Budget and growing fears of a correction in the US Treasury market, you could be forgiven for thinking markets were as turbulent as ever. For some, though, the sun is shining: 2013 has seen some of the…
March 22, 2013
Global Box Office Revenues Show Significant Increase
The Motion Picture Association of America, Inc. (MPAA) has just released its annual Theatrical Market Statistics Report for 2012. It's revealed that international box office receipts for all films released around the world reached $34.7 billion in…
March 22, 2013
Downsound CEO Josef Bogdanovich & Ninja plan to make history
Downsound Records CEO Josef Bogdanovich believes his company is on a path to create history in dancehall music. He recently signed iconic clash artiste Desmond Ballentine, popularly known as Ninja Man, to his label. Though many people might think…
March 22, 2013
Bobby Brown Is Out of Jail After Serving Only 9 Hours
Singer Bobby Brown has been released from L.A. County Jail after serving mere 9 hours of his 55-day jail sentence. Los Angeles County sheriff's spokesman Steve Whitmore said that Brown was released and outfitted with an electronic ankle monitor…
March 22, 2013
Michael Jackson’s Sex Abuse Case May Be Revisited During Trial in Lawsuit Against AEG Live
Los Angeles Superior Court Judge Yvette Palazuelos sets rules for the upcoming trial in Katherine Jackson's lawsuit against AEG Live. AEG's team is allowed to revisit events preceding Michael Jackson's death in 2009, including the issue of child…
March 22, 2013
Jude Law joins Jane film shoot exodus
Jude Law has become the latest big name to quit troubled production Jane Got a Gun, which has already had its director and another star exit the project. The film made headlines earlier this week when Scottish director Lynne Ramsay did not arrive on…