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Tue, May 21 2013 - Air Pollution Increases Child Insulin Resistance

A new study revealed that the risk of insulin resistance that leads to diabetes is greater on children exposed to air traffic pollution. The oxidizers or air pollutants are known to have negative impact on lipids and proteins in the blood. A German study on almost 400 10-year-old children showed...

Tue, May 21 2013 - Anti-Child Abuse Posters “Only Fully Visible to Children”

A Spanish charity launched anti-child abuse campaign posters that were only fully visible to children. The Anar Foundation used lenticular printing, a technique by which flat static images can convey depth and motion. The campaign posters were designed to guide children where to find help. The...

Mon, May 20 2013 - UK Car Sales Rise, Lifts European Car Industry

European new car sales for April rose 1.8% to 1.08 million, the highest rate in 18 months.  The seasonal rise was helped by strong demand in the UK and the longer Easter break. “We note it is only a small increase with year-to-date figures still lower than last year, but it is certainly very...

Mon, May 20 2013 - Washington Proposes Raising Tax on Medical Weed

Washington state policymakers are considering raising taxes on medical cannabis to avoid undercutting the new recreational pot market. Seattle Representative Reuven Carlyle said: “I appreciate and acknowledge the sensitive position that medical marijuana patients are in, but there are ways to...

Fri, May 17 2013 - EU Economy Shrinks for the Sixth Quarter

The EU economy contracted by 0.2% in the first three months of the year, marking another period of recession for the sixth quarter. The bloc’s economy performed below economists’ expectations of a 0.1% decline. Nine EU member states were in recession while Germany, the largest economy in...

Fri, May 17 2013 - Consulate Clamps Down Visitors in Sandals

The Philippine consulate in Dubai has barred entry of inappropriately dressed visitors. The consulate has been strictly enforcing a dress code for a year, however many still fail to observe the rules. Flip-flops, sandals, short pants, sleeveless blouses and mini-skirts are banned in the office. The...

Thu, May 16 2013 - Living Near Roads Increases Risk of Kidney Problems

US researchers revealed that long-term exposure to traffic fumes may increase the risk of developing kidney problems. Researchers used a test called glomerular filtration rate (GFR), which measures how well the kidneys are, on 1,100 people. The findings showed that those who lived closest to a...

Thu, May 16 2013 - Ratings Agencies Raise Greece Credit Rating

Ratings agency Fitch upgraded Greece’s credit rating from CCC to B- as the debt-laden country is showing progress in managing its finances. Moody’s and Standard & Poor’s also raised the country’s credit ratings to C and B- , respectively. However, all three ratings are still within the junk...

Wed, May 15 2013 - Dwindling Offshore Savings Market Affects Savers

The offshore savings market continues to dwindle as more banks shut overseas branches. Profits have declined in some major banks including Santander, which had a 26% fall in profits for the first quarter of the year. British bank Barclays also announced a 25% decline in profits for the same period....

Wed, May 15 2013 - Lloyds Sells Branches to Spanish Bank

Lloyds Banking Group has decided to sell 28 branches to Spanish bank Banco Sabadell in an effort to trim down its international businesses. Lloyds Bank’s branch network served about 50,000 expat mortgage customers in Spain. The bank assured its continued customer support stating that the sale to...