INDIA has reached an interim settlement with the European Union(EU) on preventing seizures of generic drugs on EU soil.

INDIA has reached an interim settlement with the European Union(EU) on preventing seizures of generic drugs on EU soil.
 

New Delhi reserves the right to reopen the dispute if the EU parliament waters down the pact, an Indian trade official said.
 

India brought a case to the WTO in 2010 saying the EU was wrongly stopping and inspecting shipments of generic drugs in transit to developing countries.
 

Some shipments were either destroyed or turned away rather than allowed to continue to their final destination.
 

India had agreed to resolve the dispute with.......

YINGLUCK Shinawatra became politically turbulent Thailand’s first female prime minister on Friday (August 5) after parliament endorsed her crushing election victory.

YINGLUCK Shinawatra became politically turbulent Thailand’s first female prime minister on Friday (August 5) after parliament endorsed her crushing election victory.

Political novice Yingluck, the sister of ousted former leader Thaksin Shinawatra, gained support from 296 members of the lower house out of a potential 500 - reflecting the majority enjoyed by her party and its allies.

“Miss Yingluck gained more than a simple majority of support in this house, therefore Miss Yingluck was elected prime minister,” said house speaker Somsak Kiatsuranont.

Yingluck’s Puea Thai party and its partners command a.......

PRESIDENT Nicolas Sarkozy interrupted his vacation on the French Riviera on Wednesday (August 10) to hold an emergency government meeting on the debt crisis rattling global markets.

PRESIDENT Nicolas Sarkozy interrupted his vacation on the French Riviera on Wednesday (August 10) to hold an emergency government meeting on the debt crisis rattling global markets.

Sarkozy, who was at the seaside home of his pregnant pop star wife Carla Bruni, and other European leaders had come under fire for staying on their summer holidays as turmoil engulfed the financial markets.

But the right-wing president has now returned to Paris to meet on Wednesday with his prime minister - who has broken off a holiday in Italy - and finance and budget ministers.......

EMERGING powers India, Brazil and South Africa urged Syria’s regime to show restraint and respect for human rights at a meeting in Damascus with President Bashar al-Assad, a joint statement said yesterday.

EMERGING powers India, Brazil and South Africa urged Syria’s regime to show restraint and respect for human rights at a meeting in Damascus with President Bashar al-Assad, a joint statement said yesterday. 

The countries “called for an immediate end to all violence and urged all sides to act with utmost restraint and respect for human rights and international human rights law”, the joint statement said.

Envoys from the three countries travelled to the Syrian capital for meetings on Wednesday (August 10) with Assad and foreign minister Walid Muallem.

.......

US VICE President Joe Biden, starting a visit to China under a cloud of criticism over the US debt crisis, told his hosts today that the two nations held the key to global economic stability.

US VICE President Joe Biden, starting a visit to China under a cloud of criticism over the US debt crisis, told his hosts today that the two nations held the key to global economic stability.

Biden, 68, needs to mend America’s worsening image in China after the world’s largest economy came close to a disastrous default on its debts earlier this month and suffered a historic credit rating downgrade.

China is the biggest foreign holder of US debt and the country’s state-run media have delivered a barrage of criticism of Washington’s handling of the.......

FORBES magazine today named German Chancellor Angela Merkel the world’s most powerful woman, calling her the “undisputed” leader of the European Union and head of its only “real global economy.”

FORBES magazine today named German Chancellor Angela Merkel the world’s most powerful woman, calling her the “undisputed” leader of the European Union and head of its only “real global economy.”

Merkel, who has topped the list of the world’s 100 most powerful women in all but one of the years since she became chancellor in November 2005, beat out US Secretary of State Hillary Clinton and, in 3rd place, Dilma Rousseff, who became Brazil’s first woman president on January 1 2011.

“German Chancellor Angela Merkel is head of the one real global economy in.......

ITALY’S Prime Minister Silvio Berlusconi was set to resign on Saturday (November 12) after 17 years at the top of Italian political life, as lawmakers prepared to give final approval to a package of key economic reforms.

ITALY’S Prime Minister Silvio Berlusconi was set to resign on Saturday (November 12) after 17 years at the top of Italian political life, as lawmakers prepared to give final approval to a package of key economic reforms.

Berlusconi has said he will step down once the measures he promised to the European Union are adopted in a session starting at 1130 GMT, after market turmoil raised fears that Italy could drag Europe into an unprecedented crisis.

A cabinet meeting at which Berlusconi could announce the resignation is scheduled for 1700 GMT after the parliament votes. The prime minister would then.......