Maldives parliament convenes amidst protests

Report by Easwaran Rutnam The Parliament Speaker was forced to adjourn sittings several times as the protests continued and President Waheed was prevented from making his way to his seat in Parliament.Protests were staged outside parliament as well by MDP supporters with the police placing barricades preventing the protestors from getting close to the parliament building. At least two MDP members were removed from parliament after they continued to obstruct the President from making his speech. “The world is watching us today. We will be judged for the way we conduct ourselves. I urge everyone to maintain calm. I will do everything to uphold the constitution and laws of my country. I will perform my duty to the best of my ability,” the President said in his speech before he was interrupted by members of the opposition Maldives Democratic Party (MDP). The Maldives Parliament convened today for the first time this year amidst protests by members of the opposition Maldives Democratic Party (MDP).The Maldives President’s office said that President Mohamed Waheed delivered the Presidential address to the Parliament. The MDP led by former president Mohamed Nasheed had announced earlier that they will obstruct the President from making his speech.Nasheed claims that he was removed from power last year by the current administration in a coup, an allegation the government denies.The Maldives is scheduled to hold Presidential elections in September and Nasheed has announced that he will contest the polls. (Colombo Gazette) read more

IKEA upgrades Quebec City presence by opening Canadas 14th store

QUEBEC — Hundreds of shoppers waited in line for the opening of Ikea’s 14th Canadian warehouse in Quebec City.Some even withstood the overnight rain to be among the first the enter the furniture warehouse retailer and the chance to receive a gift card.The retailer upgraded its presence in Quebec City by replacing Canada’s first pick up and order point with the country’s 14th warehouse.A company spokeswoman says the success of the smaller location that opened in December 2015 and market research convinced the Swedish chain to return to the city with a full store 22 years after a franchised retail location closed in 1996 before the Ikea Group entered the Canadian market.The Quebec City store will employ more than 280 people in addition to some 500 indirect jobs created during construction.Founded in 1943, the Scandinavian retailer has 357 stores in more than 29 countries, including about a dozen in Canada that attracted 28 million shoppers last year. read more

US stocks falter after report shows manufacturing growth slowed more than forecast

by The Associated Press Posted Apr 1, 2013 12:02 pm MDT NEW YORK, N.Y. – Stocks are edging lower on Wall Street after an industry group reported that U.S. manufacturing growth cooled in March.The Dow Jones industrial average was down 22 points, or 0.2 per cent, at 14,556 at noon Monday.The Standard & Poor’s 500 index dropped seven points, or 0.5 per cent, to 1,562.The Nasdaq composite fell 20 points, or 0.6 per cent, to 3,246.U.S. manufacturing kept growing for a fourth straight month in March, but at a slower rate, according to the Institute for Supply Management.The S&P 500 closed at an all-time high last week and is up 10 per cent for the year. The index has recaptured all its losses from the financial crisis and the Great Recession.EBay rose after predicting more growth in its e-commerce and online payments business. US stocks falter after report shows manufacturing growth slowed more than forecast in March AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more