Igihe

Tag: InternationalNews

  • US: Romney Says Obama Has no Agenda

    In the ongoing US presidential campaigns, Republican candidate Mitt Romney has said that President Barack Obama has “no agenda” worthy of a second term in office.

    At a campaign rally in Florida, he said the Obama campaign had been “reduced to petty attacks and silly word games”.

    Hours earlier, Mr Obama decried Mr Romney for shifting his positions as election day draws nearer, saying the Republican suffers from “Romnesia”.

    The two meet for their final debate, on foreign policy, in Florida on Monday.

    Mr Romney and the Republicans are continuing to focus on the Obama administration’s handling of a deadly attack in Benghazi, Libya, in which four Americans including the US ambassador were killed.

    The incident provoked a flashpoint during Tuesday’s second debate, and is likely to be hotly debated again in Boca Raton.

  • US: Romney Says Obama Has no Agenda

    In the ongoing US presidential campaigns, Republican candidate Mitt Romney has said that President Barack Obama has “no agenda” worthy of a second term in office.

    At a campaign rally in Florida, he said the Obama campaign had been “reduced to petty attacks and silly word games”.

    Hours earlier, Mr Obama decried Mr Romney for shifting his positions as election day draws nearer, saying the Republican suffers from “Romnesia”.

    The two meet for their final debate, on foreign policy, in Florida on Monday.

    Mr Romney and the Republicans are continuing to focus on the Obama administration’s handling of a deadly attack in Benghazi, Libya, in which four Americans including the US ambassador were killed.

    The incident provoked a flashpoint during Tuesday’s second debate, and is likely to be hotly debated again in Boca Raton.

  • Ugandan Doctor Heads World Medical Association

    Dr. Margaret Mungherera a Ugandan National has been elected to head the World Medical Association.

    Dr Mungherera, 54, has been a doctor for 30 years and a psychiatrist for 20 years with forensic psychiatry as her special area of interest.

    “My focus will be on urging national medical associations of poor countries to join and to participate in the activities of the WMA,”said Dr Mungherera.

    A statement from the World Medical Association says Dr Mungherera was elected unopposed during WMA’S annual general assembly held in Bangkok, Thailand.

  • Ugandan Doctor Heads World Medical Association

    Dr. Margaret Mungherera a Ugandan National has been elected to head the World Medical Association.

    Dr Mungherera, 54, has been a doctor for 30 years and a psychiatrist for 20 years with forensic psychiatry as her special area of interest.

    “My focus will be on urging national medical associations of poor countries to join and to participate in the activities of the WMA,”said Dr Mungherera.

    A statement from the World Medical Association says Dr Mungherera was elected unopposed during WMA’S annual general assembly held in Bangkok, Thailand.

  • Archbishop Sentamu Criticises African Nations

    UK’s Archbishop of York, Dr. John Sentamu has criticised African nations for blaming their former colonial masters for their problems.

    Sentamu said, “Europe may have underdeveloped Africa, but I believe we have had the opportunity since then to shape our future and destiny and are in danger of squandering these opportunities”.

    Sentamu noted that African countries are bedeviled with corruption and lack of democracy, with several leaders amending constitutions to stay in power.

    Sentamu, the only black bishop in the Church of England, is a renowned speaker against racism.

    He has told young black people in the UK to stop blaming racism for their problems.

    Sentamu told Black people in UK that success does not lie in guns, gangs, knives or worshiping celebrities, observing that prisons, mental health units and young offender institutions are holding up too many black people.

  • Archbishop Sentamu Criticises African Nations

    UK’s Archbishop of York, Dr. John Sentamu has criticised African nations for blaming their former colonial masters for their problems.

    Sentamu said, “Europe may have underdeveloped Africa, but I believe we have had the opportunity since then to shape our future and destiny and are in danger of squandering these opportunities”.

    Sentamu noted that African countries are bedeviled with corruption and lack of democracy, with several leaders amending constitutions to stay in power.

    Sentamu, the only black bishop in the Church of England, is a renowned speaker against racism.

    He has told young black people in the UK to stop blaming racism for their problems.

    Sentamu told Black people in UK that success does not lie in guns, gangs, knives or worshiping celebrities, observing that prisons, mental health units and young offender institutions are holding up too many black people.

  • Google Shares Drop 9%

    Google suffered an embarrassing gaff when its third quarter financial results were accidentally released early, which ultimately led to its stock price falling by more than $60 a share Oct. 18 while the markets remained open.

    Times got a bit rocky for Google Oct. 18 as the search company announced that its third-quarter profit totaled $2.18 billion, down from $2.73 billion a year ago.

    However, that wasn’t the worst of it – Google also suffered an embarrassing early release of its third-quarter Form 8-K report to the Securities and Exchange Commission’s Web site, which meant the financial data was accidentally available four hours before the stock market was set to close.

    That accidental report release triggered an early selloff in Google shares, with share prices dropping by about 9 percent before the sale of shares were eventually halted, according to a report by Barron’s.

    Google’s third-quarter revenue for the period ending Sept. 30, 2012, totaled $11.33 billion, which is lower than the expectations of a survey of financial analysts, who expected revenue of $11.87 billion.

    In his opening remarks during the earnings call with analysts, Google CEO Larry Page said the early report at 12:30 p.m. Eastern time was accidentally caused by the company’s financial printer.

    “I’m sorry for the scramble early today,” said Page. “Our printers have said that they sent out the release just a bit early.”

    Google’s revenue for the third-quarter is listed by the company at $14.1 billion, which is before the deduction of traffic acquisition costs totaling $2.77 billion. Q3 revenue for the same period one year ago totaled $9.72 billion.

    This was Google’s second quarterly earnings report since acquiring its Motorola Mobility unit in May for $12.5 billion. In its second quarter earnings report this past July, Google posted revenue of $12.2 billion, which was a 35 percent year-over-year increase from 2011.

    “We had a strong quarter,” said Page. “Revenue was up 45 percent year-on-year, and we cleared our first $14 billion revenue quarter. Not bad for a teenager,” alluding to the 14 years since Google was incorporated.

  • Google Shares Drop 9%

    Google suffered an embarrassing gaff when its third quarter financial results were accidentally released early, which ultimately led to its stock price falling by more than $60 a share Oct. 18 while the markets remained open.

    Times got a bit rocky for Google Oct. 18 as the search company announced that its third-quarter profit totaled $2.18 billion, down from $2.73 billion a year ago.

    However, that wasn’t the worst of it – Google also suffered an embarrassing early release of its third-quarter Form 8-K report to the Securities and Exchange Commission’s Web site, which meant the financial data was accidentally available four hours before the stock market was set to close.

    That accidental report release triggered an early selloff in Google shares, with share prices dropping by about 9 percent before the sale of shares were eventually halted, according to a report by Barron’s.

    Google’s third-quarter revenue for the period ending Sept. 30, 2012, totaled $11.33 billion, which is lower than the expectations of a survey of financial analysts, who expected revenue of $11.87 billion.

    In his opening remarks during the earnings call with analysts, Google CEO Larry Page said the early report at 12:30 p.m. Eastern time was accidentally caused by the company’s financial printer.

    “I’m sorry for the scramble early today,” said Page. “Our printers have said that they sent out the release just a bit early.”

    Google’s revenue for the third-quarter is listed by the company at $14.1 billion, which is before the deduction of traffic acquisition costs totaling $2.77 billion. Q3 revenue for the same period one year ago totaled $9.72 billion.

    This was Google’s second quarterly earnings report since acquiring its Motorola Mobility unit in May for $12.5 billion. In its second quarter earnings report this past July, Google posted revenue of $12.2 billion, which was a 35 percent year-over-year increase from 2011.

    “We had a strong quarter,” said Page. “Revenue was up 45 percent year-on-year, and we cleared our first $14 billion revenue quarter. Not bad for a teenager,” alluding to the 14 years since Google was incorporated.

  • 2013:Eurozone to Have Banking Supervisor

    Leaders of the European Union in Brussels have agreed October 18, to a deal for a eurozone-wide banking supervisor in 2013 that is designed to help prevent future catastrophic bank failures that could threaten the monetary union.

    The agreement sets the stage for development of a legal framework to allow the European Central Bank to give emergency funds to ailing banks directly without going through national governments — bailouts which, in turn, have required bailouts for the nations themselves, as was seen in Greece and Ireland.

    The move is necessary to “break the vicious circle between banks and sovereigns,” said European Council President Herman Van Rompuy in a press conference early Friday.

    “Next hurdle to set up a single supervisory mechanism to prevent banking risks and cross-border contagion from emerging … built with the integrity of the single market in mind.”

    The leaders set a goal of approving the legislative framework by January 1, with the new supervisory mechanism “operational in the course of 2013,” Van Rompuy said.

  • 2013:Eurozone to Have Banking Supervisor

    Leaders of the European Union in Brussels have agreed October 18, to a deal for a eurozone-wide banking supervisor in 2013 that is designed to help prevent future catastrophic bank failures that could threaten the monetary union.

    The agreement sets the stage for development of a legal framework to allow the European Central Bank to give emergency funds to ailing banks directly without going through national governments — bailouts which, in turn, have required bailouts for the nations themselves, as was seen in Greece and Ireland.

    The move is necessary to “break the vicious circle between banks and sovereigns,” said European Council President Herman Van Rompuy in a press conference early Friday.

    “Next hurdle to set up a single supervisory mechanism to prevent banking risks and cross-border contagion from emerging … built with the integrity of the single market in mind.”

    The leaders set a goal of approving the legislative framework by January 1, with the new supervisory mechanism “operational in the course of 2013,” Van Rompuy said.