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New York: The top United Nations relief official today called for restraint by all sides in Yemen, warning that the ongoing violence is worsening an already dire humanitarian situation.

Switzerland is experiencing a strong expansion. While inflation remains muted, slack in the economy is disappearing. Absent significant shocks, the monetary authorities should be in a position to tighten in the near term. As normalization of interest rates may not fully correct mortgage market tensions, the authorities will need to curb risky lending practices through macro-prudential policies. More fundamentally, there is a need for the authorities to strengthen legal clarity on how system-wide (“macro-prudential”) risks should be identified and addressed. Ongoing efforts to strengthen financial supervision and regulation are commendable and should be pursued. Swift adoption by Parliament of the “too big to fail” proposal would be a major contribution in reducing the risks created by the two large banks.

New Delhi: The Pakistan Prime Minister, Yousaf Raza Gilani will be reaching India to see the World Cup cricket semi-final match between India and Pakistan. But he will not land in Delhi.

New Delhi: South Africa has sought India’s cooperation in micro, small and medium enterprise sector.

New Delhi: India has emerged as the 4th largest investor in Mozambique and is also among the latter’s five major trading partners.

New Delhi: India has assured that it will not allow a situation where the global prices of life-saving drugs would shoot up. It would continue to supply innovative, adaptable and affordable life-saving technologies to Africa.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) is to help thousands of poor households in remote mountainous areas of Nepal gain more income from the production and sale of valuable agricultural produce.

KOLKATA: There is something unique about the high-stakes in West Bengal Assembly elections in 2011: the process of political polarisation has now extended from the political arena to the media and the intelligentsia.

KOLKATA: When the Trinamool Congress in Assam announced that it would field candidates in all the 126 constituencies in the next month’s Assembly elections (even the Congress is contesting 118 seats only) everyone sat up in surprise. Here was a party without an organization, without a band of workers, without even a known State-level leader – far less a charismatic leader like Mamata Banerjee of West Bengal - that was trying to be a big player. A random survey in Guwahati showed that the voters did not know who the party’s leader was. Asked about the party’s prospects, a respondent’s instant reaction was: “It would be surprising if all their candidates do not forfeit their security deposits.”

In the world of convergence, mergers and acquisitions are commonplace, but there also has to be legal compliance attached to any M&A. This has become quite clear in a recent case involving a series of seemingly harmless sales of assets from one company to another that has now turned into an ever-changing rollercoaster ride for two of the world’s biggest telecommunications players.