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/ 12 April 2008

IMF meets as world economy weakens

The International Monetary Fund (IMF) holds its spring meeting in Washington, DC, on Saturday amid what officials describe as the worst financial crisis since the 1930s Depression and as the global economy weakens. The 185-member IMF warned on Wednesday that the economic outlook was increasingly grim.

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/ 12 April 2008

Unusual catch: Cheney’s fishy trip

He told his wife he’d gone fishing. But when a photograph of Dick Cheney, the United Vice-President, appeared on the White House website, the smile on his face and the reflection in his sunglasses left some questioning his catch. The reflection appears to show the double image of a naked woman cavorting before him.

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/ 11 April 2008

Rose, Immelman take charge at Augusta

Britain’s Justin Rose reeled off six birdies in eight holes to share the first-round lead at the US Masters while Tiger Woods laboured to stay in touch on Thursday. Rose shrugged off two early bogeys to fire a four-under-par 68 in bright sunshine. He launched his sizzling run at the par-three sixth before ending the day level with South African Trevor Immelman.

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/ 11 April 2008

Hundreds more flights cancelled in US

American Airlines has cancelled about 570 flights scheduled for Friday, raising to more than 3 000 the number this week it has grounded to reinspect the wiring on its MD-80 fleet for a second time. The disruption has affected more than 300 000 passengers, including Friday’s schedule cuts.

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/ 10 April 2008

Microsoft to unveil traffic-jam beater

Microsoft plans on Thursday to unveil a web-based service for driving directions that uses sophisticated software to help its users avoid traffic jams, the New York Times reported. The software technology system, called Clearflow, will provide drivers with alternative information for routes that takes into account prevailing traffic patterns.

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/ 10 April 2008

Gary Player breaks Masters record

Gary Player finally has Arnold Palmer beaten. When Player tees off on Thursday, it will be his 51st Masters. That tops by one the record he shared with The King for most Masters played. Player already holds the record for most consecutive British Opens played — 46. ”The word that comes to mind is ‘thankful’,” the 72-year-old said.

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/ 10 April 2008

Tiger sets out on road to Grand Slam glory

Tiger Woods opens his quest for an unprecedented Grand Slam of golf at Augusta National on Thursday, carrying the lowest odds ever for a player at the outset of a Major. The world number one is quoted at evens or just above evens to win a fifth Green Jacket, with the next best being two-time winner Phil Mickelson.

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/ 9 April 2008

IMF: With US in crisis, global economy in peril

The global economic outlook is becoming increasingly grim as the United States appears unable to escape recession from a housing meltdown, the effects of which are still spreading, the International Monetary Fund (IMF) said on Wednesday. Global expansion is set to slow to 3,7% in 2008 amid an unfolding crisis that began in the United States, the IMF said.

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/ 9 April 2008

Top US official pushes cybersecurity goals

Federal cybersecurity officials are trying to develop an early-warning system that alerts authorities to incoming computer attacks targeting critical United States infrastructure, says Homeland Security Secretary Michael Chertoff. His keynote speech on Tuesday at the RSA security conference, however, was light on details.

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/ 9 April 2008

Yahoo!’s Flickr website expands into video

Yahoo! will begin showing homemade videos on its online photo-sharing site, Flickr, in a long-anticipated move that may be too late to lure most people away from the internet’s dominant video channel, Google’s YouTube. Flickr’s video technology is the latest example of Yahoo! trying to catch up to Google in a crucial battleground.

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/ 9 April 2008

San Francisco braced to greet Olympic torch

Thousands of protesters were expected to line the route of the latest leg of the Olympic torch’s ”Journey of Harmony” on Wednesday as officials in San Francisco braced themselves for a repetition of the tumultuous scenes in Paris and London. A broad coalition of protest groups has converged on the city.

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/ 9 April 2008

US commander to halt Iraq troop withdrawals

The top United States commander in Iraq told Congress on Tuesday he plans to stop US troop withdrawals in July due to fragile security gains and heard appeals for quicker action to find a way to end the war. Appearances by General David Petraeus and the US ambassador to Iraq, Ryan Crocker, drew US presidential candidates.

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/ 8 April 2008

All eyes on Tiger in build-up to Masters

Golf superstar Tiger Woods takes aim at a fifth US Masters crown this week amid breathless speculation that it could be the first step toward a once-unimaginable Grand Slam. ”I think he’s the only player capable of doing that,” American Steve Stricker said on Monday as the world’s best golfers began their preparations for the first Major championship of 2008.

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/ 7 April 2008

Yahoo! rejects latest Microsoft takeover bid

United States internet company Yahoo! on Monday rejected software giant Microsoft’s three-week ultimatum to accept a takeover offer, but left the door open to a higher bid. "We continue to believe that your proposal is not in the best interests of Yahoo! and our stockholders," it said in a letter to Steve Ballmer, CEO of Microsoft.

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/ 5 April 2008

Federer faces crisis after miserable run

Once-unstoppable Roger Federer finds himself without a title entering the clay-court portion of the ATP season, a situation that has the world number one looking for reasons why and finding few answers. The Swiss superstar was upset by Andy Roddick in the quarterfinals of the Sony Ericsson Open on Thursday.