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(MENAFN - AFP) A Marco Polo-era replica ship floats in a massive water tank while just metres away ancient Mongol tents recreate the court of Kublai Khan - welcome to Pinewood Studios' Asia production facility. The 50-acre (20-hectare), $170 million complex in southern Malaysia's Iskandar investment zone is the studio's first in Asia and marks its expansion East in search ...

 

(MENAFN - AFP) Jamie Dimon, the chief executive at JPMorgan Chase, announced Tuesday that he has throat cancer and will remain on the job as he seeks treatment."The good news is that the prognosis from my doctors is excellent, the cancer was caught quickly, and my condition is curable," Dimon, 58, said in a letter to employees and shareholders.The cancer is limited ...

 

(MENAFN - AFP) Ratings company Moody's on Tuesday slashed Puerto Rico's debt rating by three notches into even deeper junk status after the US territory passed a debt-restructuring law.Moody's Investors Service cut the rating to "B2" from "Ba2" and said the outlook was negative, indicating further downgrades were possible.Now dubbed the "Greece of the Caribbean," ...

 

(MENAFN - AFP) British artist Tracey Emin's controversial 'My Bed' sold for £2.2 million ($3.8 million, 2.8 million euro), almost double its guide price, at an auction in London on Tuesday.The work, a rumpled bed surrounded by the intimate debris of empty bottles of vodka, cigarette packets and condoms, attracted controversy when it was shortlisted for the 1999 Turner ...

 

(MENAFN - AFP) Hungarian Prime Minister Viktor Orban said Tuesday his country would not give up on Russia's controversial South Stream gas pipeline project as it was key to securing the country's energy supplies.The crisis in Ukraine has made the planned pipeline bringing Siberian gas to the European Union - bypassing Ukraine - a new focus of tensions between Moscow, Brussels ...

 

(MENAFN - AFP) The Bank of England revealed on Tuesday that it had warned the British government in late 2011 to prepare for more banking bailouts at the height of the eurozone sovereign debt crisis.The central bank's Financial Policy Committee also urged the Treasury to draw up "wide-ranging" contingency plans to deal with the eurozone's potential collapse, it emerged ...

 

(MENAFN - AFP) Wall Street stocks Tuesday barreled higher to new records, opening the third quarter with big gains following strong US auto sales and Chinese manufacturing data.The Dow Jones Industrial Average gained 129.47 points (0.77 percent) to 16,956.07, while the S&P 500 shot up 13.09 (0.67 percent) to 1,973.32. Both were record closing highs.The tech-rich ...

 

(MENAFN - AFP) Click. Brazilian football star Neymar poses shirtless with his girlfriend. Click. German forward Lukas Podolski has his arm around Chancellor Angela Merkel in a stadium locker room.Anybody armed with a smartphone seems to be taking selfies at the World Cup in Brazil, with fans and players posting their souvenirs online for all to see.Thanks to the ...

 

(MENAFN - AFP) A watershed free-trade deal between China and Switzerland came into force on Tuesday, the first such accord between the Asian giant and a mainland European economy.Marking the start of the Free Trade Agreement (FTA), Swiss Economy Minister Johann Schneider-Ammann and Chinese trade envoy Yu Jianhua presided over a ceremony in the northern city of Basel."This ...

 

(MENAFN - AFP) Norwegian energy companies Statoil and Statkraft said Tuesday they will build an offshore wind farm in Britain with 67 turbines that will eventually power over 400,000 homes.The groups will invest one billion pounds (1.25 billion euros, $1.71 billion) in the Dudgeon project.The wind turbines will be located 32 kilometres (20 miles) offshore, north ...

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