Decision day on new Tasmanian premier

Tasmania could have a new premier by this afternoon, more than two weeks after the March poll delivered a hung Parliament.

Caretaker Premier David Bartlett is due to meet Governor Peter Underwood about 3:00pm after the declaration of the polls.

Mr Underwood will consider who should govern the state in a minority government, with the Greens holding the balance of power.

Three scenarios could play out: the Governor could take Mr Bartlett’s advice and invite the Liberals to form a goverment; he could send Mr Bartlett to Parliament as Premier to test his support on the floor; or he could seek guarantees from all parties on how they would achieve stable government.

Greens leader Nick McKim has this message for the Governor: “It remains open to us to offer our support to the existing government, the Labor government of the day,” he said.

On the eve of today’s poll declarations, Mr McKim again invited both leaders to negotiate a power-sharing deal.

He has promised to pass budgets no matter what but will not rule out no-confidence motions without a formal agreement.

“I’m not going to hypothesise today about what might happen in the future,” he said.

FACTBOX – Reaction to new U.S. nuclear policy

The Obama administration announced restrictions in the U.S. use of nuclear arms on Tuesday, renouncing development of new atomic weapons and heralding cuts in America’s stockpile.

It also announced plans to pursue high-level bilateral talks with Russia and China to promote “more stable and transparent strategic relationships,” according to a Defense Department document.

The following is selected reaction to the move:

SPOKESWOMAN FOR U.N. SECRETARY-GENERAL BAN KI-MOON

“The Secretary-General welcomes President Obama’s reaffirmation of his commitment towards a nuclear-free world.”

“Following the recent successful conclusion of negotiations between the Russian Federation and the U.S. for a successor agreement to the Treaty on the Reduction and Limitation of Strategic Offensive Arms (START), the release of this new Nuclear Posture Review is a timely initiative in that direction.”

REPUBLICAN SENATORS JOHN MCCAIN AND JOHN KYL

“The U.S. has had a long-standing policy, embraced by administrations of both parties, of retaining all options to respond to an attack on it or its allies by any state using weapons of mass destruction.”

“In fact, one reason that we got rid of chemical and biological weapons is that we were told that we would always have the nuclear deterrent available. Unfortunately, the NPR released today confuses this long-standing policy.”

“The Obama administration must clarify that we will take no option off the table to deter attacks against the American people and our allies.”

LISBETH GRONLUND, UNION OF CONCERNED SCIENTISTS

“We applaud his decision to strengthen U.S. ‘negative security assurances’ by pledging that the United States will not use nuclear weapons against any non-nuclear weapon state that is a signatory in good standing of the Nuclear Nonproliferation Treaty … However, the new policy does not go far enough to reduce the role of nuclear weapons.”

KEVIN MARTIN, EXECUTIVE DIRECTOR OF PEACE ACTION, A U.S. ANTI-NUCLEAR WEAPONS GROUP

“The president’s Nuclear Posture Review, released today, appears to be too beholden to outdated Cold War thinking, and it doesn’t measure up to his vision of a nuclear-free world. It’s certainly better than the one released by the Bush administration, which called for the possibility of using nuclear weapons on non-nuclear states. The Obama administration reversed that.”

“President Obama also stated the U.S. would not build new nuclear weapons like those the previous administration wanted but Congress thankfully blocked. Nonetheless, the document leaves room for the possibilities of new warheads in the future.”

KIRK LEOPOLD, FORMER COMMANDER OF USS COLE AND SENIOR FELLOW AT MILITARY FAMILIES UNITED

“The president’s goal of a world free of nuclear weapons is a noble idea. Unfortunately, it remains unrealistic and naive in a world that has yet to embrace this notion.”

“As long as nations like North Korea and Iran continue to flout international agreements and other nations like Russia and China continue to improve and enhance their nuclear arsenals, the United States must retain the full and flexible use of nuclear weapons as a vital component of U.S. deterrent strategy.”

“In addition, the surety of our nuclear force must be modernized and maintained for the foreseeable future.”

DEMOCRATIC REPRESENTATIVE EDWARD MARKEY, FOUNDER OF HOUSE BIPARTISAN TASK FORCE ON NONPROLIFERATION

“This marks a sea change in America’s nuclear strategy. For too long, we have kept in place a stagnant Cold War era policy that failed to recognize the shifting geopolitical landscape.

“These long overdue changes in our nuclear policy will make us more secure by downgrading the role that nuclear weapons play in our defense and emphasizing that such weapons exist only to deter their actual use.”

TOM DONNELLY, DIRECTOR OF DEFENSE STUDIES, AMERICAN ENTERPRISE INSTITUTE

“The release of the Obama administration’s Nuclear Posture Review (NPR) is part of a larger set of policies that look to the past rather than preparing the United States for the nuclear future.”

“Arms-control advocates are as prone as any generals to refight the last war rather than prepare for the future. The quality of our nuclear forces — their modernity, flexibility and strategic utility — are now more important than the quantity.”

“Bilateral arms treaties do little to protect us in the emerging, multipolar nuclear environment. The threat of nuclear terrorism, as worrisome as it is, is not the only proliferation concern.”

SHARON SQUASSONI, DIRECTOR OF THE PROLIFERATION PREVENTION PROGRAM, CENTER FOR STRATEGIC & INTERNATIONAL STUDIES

“This NPR says we don’t need nuclear weapons to deter a wide range of threats, we need them to deter a narrow range of threat. And the focus is on improving conventional flexibility to deter threats that we would have previously deterred with nuclear weapons.

“So, it probably doesn’t go far enough to appease the most ardent nuclear disarmament advocates but that’s OK.”

(Reporting by Andrew Quinn; Editing by John O’Callaghan)

Ukraine, IMF agree 2010 budget deficit level

KIEV, April 2 (Reuters) – Ukraine and the International Monetary Fund have agreed that the 2010 state budget deficit will not exceed 6 percent, Prime Minister Mykola Azarov said on Friday.

“We have reached an agreement on a key issue of the state budget. We have agreed that the state budget deficit could be within the limits of around 6 percent,” Azarov told reporters.

Nokia says wins China deals worth over $2 billion

(Reuters) – The world’s largest mobile phone maker Nokia (NOK1V.HE) said on Thursday it had won handset deals with distributors in China worth over $2 billion.

Technology

A spokesman said one agreement was with China PTAC, worth over $1 billion, and the other was with Telling Telecommunication Holding Co. Ltd., also worth over $1 billion.

Nokia usually announces such deals in China once a year. The value of the agreement with PTAC fell for the third straight year, and was down sharply versus the 2009 figure of $1.76 billion.

China was Nokia’s third largest sales area in 2009 with revenues of 6.4 billion euros ($8.6 billion), flat year-on-year.

Nokia shares traded up 1.8 percent at 11.74 euros at 1333 GMT, keeping pace with a firmer Dow Jones Stoxx Technology index .SX8P.

($1=.7414 Euro)

(Reporting by Brett Young; Editing by Hans Peters)

Hungary’s Malev had HUF 25 bln loss in 2009-paper

BUDAPEST, April 2 (Reuters) – Hungarian national airline Malev [MALV.UL] had a pretax loss of around 25 billion forints ($127.1 million) in 2009 and will need fresh capital to continue operations, daily Nepszabadsag said on Friday. Malev chairman Zoltan Kamaras confirmed the size of the loss to the paper, adding that the numbers were not final.

Industrials

Malev spokesman Adam Hegedus told Reuters the company would only confirm results officially after the company’s annual general meeting in May.

Hungary renationalised Malev earlier this year to save it from financial collapse. The decision is still pending approval from the European Union. [ID:nLDE61QOOK] Unnamed sources told Nepszabadsag Malev’s losses were mostly due to an aggressive pricing policy aimed at maintaining market share amid the industry’s 2009 slump. The market share was preserved but the effort doubled the losses, the sources said.

Malev’s restructuring costs could surpass 30 billion forints over the next two years, the paper said, quoting an unspecified recent study. The company also needs a capital increase of about 10 billion to 15 billion forints, it said.

As part of the restructuring, the airline cancelled the collective agreement with its employees on Wednesday, prompting the pilots’ union to threaten a strike. [ID:nLDE62U20I]

The state funds needed to keep Malev flying could become a drain on Hungary’s budget this year, pushing its deficit higher, the International Monetary Fund (IMF) warned. [ID:nLDE62P1C7]

An IMF-led loan package worth $25.1 billion helped Hungary avert financial meltdown in late 2008, and the conditions of that loan include a targeted 2010 budget deficit of 3.8 percent of gross domestic product.

The opposition Fidesz party, which is widely expected to win national elections on April 11 and 25, has warned the deficit could reach 7 to 7.5 percent of GDP due to one-off items, and said it would seek a new agreement with lenders. [ID:nLDE62I1NA] ($1=196.76 Forint) (Reporting by Marton Dunai; Editing by Hans Peters)

Congress – NCP to finalise seat-sharing formula on Saturday

New Delhi, Sep 19 (ANI): The crucial meeting of the Congress Party and the Nationalist Congress Party (NCP) leaders will be held here on Saturday to give the final shape to the seat sharing agreement for next month’s Maharashtra Assembly polls.

The Election Commission issued notification for the assembly polls in Maharashtra, which is to be held on October 13.

On Thursday it was reported that both parties had broadly agreed to a formula of 174: 114 seats for the Congress and the NCP respectively.

The Maharashtra Assembly has 298 constituencies.

Poll management leaders of both the Congress and the NCP met their respective party chiefs on Friday after three days of negotiations.

They had earlier held a series of discussions in Mumbai to give final shape to the seat sharing process.

If the current formula gets the stamp of approval of both parties then the NCP would settle for ten seats less than what it contested the last time.

Meanwhile the Bharatiya Janata Party (BJP) – Shiv Sena alliance settled on a seat sharing, for 119 for the BJP and 169 seats for Shiv Sena (ANI)

Pak inks 220-million-dollar satellite deal with China

Islamabad, Sep. 19 (ANI): Pakistan has signed an agreement with China to provide a 220-million-dollar financial grant to help the Islamic country launch a communication satellite.

The operational life of Pakistan’s existing satellite PAKSAT-1 will be over in November 2011.

Chinese Ambassador to Pakistan Luo Zhaohui and Pakistan’s Economic Affairs Secretary Farrukh Qayyum signed the contract.

“China has agreed to fund the project through a soft loan with low mark up for a period of 20 years,” the Daily Times quoted Qayyum, as saying.

The Space and Upper Atmosphere Research Organisation (SUPARCO) and the China Great Wall Industry Corporation have agreed to develop the new satellite PAKSAT-1R, which would replace PAKSAT-1 in September 2011, he added.

The satellite will support all conventional and modern fixed satellite service (FSS) applications.

The satellite will have 30 transponders, 18 in the Ku-band and 12 in C-band (ANI)

Government approves amendments in ASA between India and Saudi Arabia

New Delhi, Sep 17(ANI): The Government on Thursday gave its approval to the amendments in the Air Services Agreement (ASA) between India and Saudi Arabia.

In the MoU signed, the provision of the incorporation of ‘multiple designation clause’ has been agreed and, therefore, each side can now designate any number of airlines as they wish.

The capacity entitlement for the designated airline of each side has also been enhanced from the existing 8,500 seats per week with frequencies not exceeding 31 services to 20,000 seats per week with frequencies not exceeding 75 services per week.

Bangalore, Calicut and Lucknow have also granted additional points of call for the Saudi designated carriers apart from the existing Mumbai, Delhi, Chennai, Cochin and Hyderabad.

While, Medinah has been granted as additional point of call for India designated carrier apart from the existing Jeddah, Riyadh and Dammam.

The capacity to be operated by the Indian designated carriers to and from Dammam for which the Government of Saudi Arabia has declared an open sky policy, shall not be counted against the capacity entitlements available to the Indian carriers.

Both sides have also agreed for the open sky with regard to all cargo services with full third and fourth freedom traffic rights.

As per the summer schedule of 2009, Saudi Arab Airlines fly 39 services per week – 9 to Mumbai, 5 to Hyderabad, 7 to Delhi, 5 to Chennai, 4 to Kochi, 2 to Bangalore, 4 to Calicut and 3 to Lucknow.

Air India flies 46 services per week – 16 services per week to Riyadh, 14 to Jeddah and 16 to Damman. (ANI)

Krishna in Belarus to strengthen bilateral ties

Minsk, Sept 17 (ANI): Indian External Affairs Minister S M Krishna has arrived here to foster bilateral ties between the two countries.

Krishna is the first Indian External Minister to visit this country.

On Wednesday, Krishna visited the Victory Square Monument in the city and paid tribute to soldiers who had laid down their lives during the World War II while fighting the Nazi invaders.

“This is the first ever visit by an Indian Minister for External Affairs to Belarus. I think it is an important visit with a view to further cement and strengthen relationship to mutual advantage,” said Ramesh Chander, Indian Ambassador to Belarus.

Krishna’s visit is being seen as important, as it would help to cement ties further between the two countries.

“In 2008, we had a 432 million trade turnover. And this year, it is likely to touch 500 million by the end of the year,” Chander added.

Krishna reviewed guard of honour of the Belarus Army at the Square. He was received by the Deputy Mayor of Minsk, Titenkov Mikhail.

On Thursday, Krishna will call on Belarus President Alexander Lukashenko.

He will also hold talks with his counterpart Sergey Martynov. Two agreements will be signed including one on Cooperation in Physical Education and Sports and an MoU on the Establishment of a Digital Learning Centre in Minsk.

The Digital Learning Centre will impart skills in advanced computing and software creation to young Belarusian students, initially with Indian faculty members and thereafter with trained Belarusian professionals.

Krishna will also pay an official visit to Turkmenistan on September 18 and 19.

He will call on Turkmen President Gurbanguly Berdimuhammedov and hold meetings with Deputy Prime Minister and Foreign Minister Rashid Meredov.

Krishna will also have a meeting with Minister in-charge of Oil and Gas sector Baymyrat Hojamuhammedov.

Both countries will sign a cooperation agreement during the visit. By Ravi Shankar (ANI)

India to sign two pacts with Belarus during Krishna’s visit

Minsk, Sept 17 (ANI): India and Belarus will sign two bilateral agreements during External Affairs Minister S. M. Krishna’s two-day visit to that country.

During his visit, Krishna will call on Belarus President Alexander Lukashenko.

He will also hold wide-ranging talks with his counterpart Sergey Martynov. The agreements to be signed are one on Cooperation in Physical Education and Sports and an MoU on the Establishment of a Digital Learning Centre in Minsk.

The Digital Learning Centre will impart skills in advanced computing and software creation to young Belarusian students, initially with Indian faculty members and thereafter with trained Belarusian professionals.

This will be the first visit by India’s External Affairs Minister to Belarus.

Krishna will also pay an official visit to Turkmenistan on September 18 and 19.

He will call on Turkmen President Gurbanguly Berdimuhammedov and hold meetings with Deputy Prime Minister and Foreign Minister Rashid Meredov.

Krishna will also have a meeting with Minister in-charge of Oil and Gas sector Baymyrat Hojamuhammedov.

Both countries will sign a cooperation agreement during the visit. (ANI)

Musharraf denies misuse of US aid, says Indian media highlighting ‘non-issue’

Lahore, Sep.16 (ANI): Days after former Pakistan President General Pervez Musharraf’s statement that Islamabad had diverted US aid to strengthen its defence against India was splashed in the media all over, the former general has denied allegations of misuse of army equipment, saying the media has highlighted a ‘non-issue’.

Dr Nasim Ashraf, one of Musharraf’s close friends, told a private television channel that the former President has categorically denied misuse of any US military aid during his regime.

Ashraf said it was wrong to say that the Pakistan Army had violated the agreement regarding the equipments supplied by the US.

“If a unit stationed in Waziristan moved to Kashmir, the equipment would move with it, which was not a violation of the agreement,” The Daily Times quoted Ashraf, as saying.

Responding to a question he said Musharraf would return to Pakistan as soon as his lecture tour is finished.

It is worth mentioning here that in an interview to a Pakistani news channel earlier this week, Musharraf had admitted that he had violated the rules governing the use of the military aid, but justified his action, saying he had “acted in the best interest of Pakistan.” (ANI)

Nirupama Rao discusses India, Nepal ties in Kathmandu

Kathmandu, Sep 15 (ANI): Visiting Indian Foreign Secretary Nirupama Rao met Nepal Foreign Minister Sujata Koirala and discussed various bilateral issues including greater sharing of vital information between the two countries.

According to Nepalnews, both the leaders also discussed electricity import from India, signing of extradition treaty and the agreements reached during Prime Minister Madhav Kumar Nepal’s visit to India last month.

Talking to reporters after the meeting, Koirala said that the discussion basically revolved around building greater cooperation between India and Nepal, Constitution drafting and the peace process.

“India was keen on providing more assistance to help develop Nepal’s poor infrastructures, building transmission lines for the import of electricity from India, signing of the new extradition treaty and address other trade issues,” Koirala added.

Earlier Nirupama Rao met her Nepalis counterpart Gyan Chandra Acharya and discussed joint strategy for implementation of the 34-point agreement signed between the two countries last month.

During the meeting, she assured substantial amount of Indian investment in Nepal if peace is established in the country.

She also called on former Prime Minister and Nepali Congress President Girija Prasad Koirala at his residence and suggested that Koirala has a great role to play in the days ahead to end the political impasse in Nepal.

She also met CPN UML Chairman Jhalanath Khanal and extended an invitation to visit India on behalf of the government of India. During her meeting she advised Khanal to seek a practical solution on rehabilitation and integration of former Maoist combatants.

Nirupama Rao also met Prime Minister Madhav Kumar Nepal, Deputy Prime Minister Bijay Kumar Gachhadar, Chief of Army Staff Chatra Mansingh Gurung and Maoist leader Babu Ram Bhattrai New Delhi is sending a high-level official to Nepal at a time when the constitution-drafting and peace process has been stalled due to differences among major political parties.

This is Nirupama Rao’s first visit to Nepal after being appointed Foreign Secretary on July 31.

She will also visit Pashupatinath temple and offer her prayers later today. (ANI)

Natural History Museum bets on discovery of Loch Ness monster

London, Sept 14 (ANI): London’s Natural History Museum has inked a deal with bookmakers William Hill, which will see the mythical Loch Ness monster go on public display – if it is ever caught.

The Loch Ness Monster is a creature believed to inhabit Loch Ness in the Scottish Highlands. It is similar to other supposed lake monsters in Scotland.

The museum has secured the rights to showcase Nessie’s remains, if the monster is ever caught.

According to the archive documents, under the 1987 deal William Hill will pay the museum an annual fee on return for the guarantee its experts will provide “positive identification” of the elusive creature.

The agreement also covers the Yeti or Abominable Snowman, another mythological creature and an ape-like cryptid said to inhabit the Himalayan region of Nepal and Tibet.

The bookmaker currently offers odds of 500/1 on the existence of the Loch Ness monster being proved within a year and 200/1 for the Yeti.

“We have maintained our relationship with the Natural History Museum and are delighted to do so,” the Telegraph quoted Graham Sharpe, spokesman for William Hill, as saying.

“As we rely on the Met Office to rule on white Christmases, we are dependent on the museum to tell us whether any carcass that may emerge from the loch is a haddock, or a previously unknown creature from the deep,” he added. (ANI)

Indian foreign secretary arrives in Kathmandu

Kathmandu, Sep 14 (ANI): Indian Foreign Secretary Nirupama Rao who arrived here on a two-day visit, will meet President Ram Baran Yadav and Foreign Minister Sujata Koirala today.

Nirupama Rao’s visit is aimed at working out the strategy for implementation of the 34-point agreement between Nepal and India signed during Prime Minister Madhav Kumar Nepal’s India visit, last month.

Nirupama will hold official talks with her Nepali counterpart Gyan Chandra Acharya for the same.

She will also meet Prime Minister Madhav Kumar Nepal, Foreign Secretary Gyan Chandra Acharya and leaders of various political parties, including opposition Maoist chief Prachanda.

New Delhi is sending a high-level official to Nepal at a time when the constitution-drafting and peace process has been stalled due to differences among major political parties.

This is Nirupama Rao’s first visit to Nepal after being appointed Foreign Secretary on July 31. She will also visit Pashupatinath temple and offer her prayers. (ANI)

Now, computers become lawyers!

Washington, September 13 (ANI): European researchers have created a legal analysis query engine that combines artificial intelligence, game theory and semantics to offer advice, conflict prevention and dispute settlement for European law.

European law is complex, many layered and expanding. There are thousands of regulations, so many that compliance is difficult, time-consuming and expensive.

While harmonization is underway, the process itself demands that individuals, companies and law firms often have to relearn the system.

Meanwhile, areas like intellectual property rights (IPR) and digital rights regulation that seek to combat piracy are becoming evermore complex to understand and apply consistently across Europe.

Now, the ALIS Project has developed a computerized platform that uses artificial intelligence (AI), game theory and semantic technologies to ‘understand’ and track the regulations in a large, and expanding area of expertise – in this case IPR.

ALIS sought to develop a working system in IPR to tackle the fundamental technological challenges before expanding it to more areas later on.

The system is much more than a simple database of relevant legal regulations.

It uses insights from game theory to help contentious parties come to an amicable agreement, either through conflict prevention or dispute resolution, and it can assist lawmaking as well.

Game theory looks at how strategic interactions between rational people lead to outcomes reflecting real player preferences.

It can be used to develop algorithms that find equilibria in games, markets, computational auctions, peer-to-peer systems, security and information markets.

Now, with ALIS, it is available for legal systems too.

This concept of equilibria supports conflict prevention, dispute resolution and offers decision support for lawmaking.

A key factor in the system is its test for regulatory compliance.

This is very powerful. It can help citizens, companies and lawyers quickly scan the relevant legal corpus to discover if they are compliant. It is a key factor for the other roles in the ALIS system as well.

For conflict prevention, dispute resolution and lawmaking, the ALIS first establishes if the parties, or the proposed legislation, are compliant with current law.

Once compliance is established, the system can present a series of options based on an analysis of the potential conflict or dispute, or it can provide information to further assist lawmakers to formulate policy.

Similarly, the tool aims to rapidly speed up the work done by lawyers, helping to resolve relatively straightforward cases faster, so they can concentrate on more complex problems. (ANI)

Putin hints at return to presidency for two more terms till 2024

London, Sep 12 (ANI): Russian Prime Minister Vladimir Putin is strongly considering to become President again and swap places with present incumbent Dimitri Medvedev, which will allow the former KGB spy to remain in power till 2024.

Putin insisted that swapping places with Medvedev was no more sinister than the Labour leadership agreement in which Gordon Brown took Tony Blair’s job.

Replying to a question on running for the presidency, Putin said that he would come to an accommodation with Medvedev, just as the two men had done when Putin stepped down in 2008.

“We will come to an agreement because we are people of the same blood and of the same political views,” The Times quoted Putin, as saying.

“According to the reality of the moment, we will make an analysis and take a decision. Did we compete in 2008? No. So we will not compete in 2012,” Putin told foreign correspondents and academics at the annual Valdai Discussion Club.

This is the strongest hint he has given so far that he is considering returning to the Kremlin. Putin stepped down after serving a maximum two terms as President and allowed Medvedev to run largely unopposed in presidential elections last year.

His term ends in 2012 when new constitutional provisions will allow the next president to serve two six-year terms, the paper reports.

It the things go as planned; Putin will be in power until 2024, when he would be 72.

Putin insisted that Medvedev was in control when asked who was in charge in Russia.

“We have nothing to prove to anyone. If someone lives in a dream he needs to wake up, take a shower and look at reality. If you want to co-operate with Russia you need to know that it is the President who heads Russia,” he said.

Putin deflected questions about whether he had met Binyamin Netanyahu, the Israeli Prime Minister, on a secret visit to Moscow on Monday. He warned that any attacks against Iran would be counter-productive.(ANI)

Danish Prime Minister meets Manmohan Singh

New Delhi, Sep. 11 (ANI): Danish Prime Minister Lars Lokke Rasmussen met Prime Minister Manmohan Singh in New Delhi on Friday.

The two leaders discussed bilateral, regional and international issues.

During the meeting, a Memorandum of Understanding (MoU) was signed on co-operation between the governments of both the nations in the areas of environment.

Ole Lonsmann Poulsen, Denmark Ambassador to India and Vijay Sharma, Secretary to India’s federal Ministry of Forests and Environment signed the MoU in the presence of premiers of both the nations.

Danish Prime Minister’s two-day visit to New Delhi would also include meetings with the head of the UN climate panel Rajendra Pachauri.

Global talks for a new U.N. climate agreement have become mired in differences over how much money and technology rich nations will provide to poor countries to help seal a climate deal to replace the Kyoto Protocol that expires in 2012.

India fears that emissions targets will stunt its economic growth and has said it will take its own unilateral action to cut pollution. (ANI)

Biocon limited, Amylin pharmaceuticals enter global development agreement

Bangalore/ California Sep 11(ANI/Business Wire India): Biocon, Limited (NSE: BIOCON) and Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) announced today that they have entered into an exclusive agreement to jointly develop, commercialize and manufacture a novel peptide therapeutic for the potential treatment of diabetes.

Amylin and Biocon will collaborate to develop the therapeutic potential of the compound and share development costs. Research will center on Amylin’s “phybrid” technology. A phybrid is a peptide hybrid molecule that combines the pharmacological effects of two peptide hormones into a single molecular entity.

Under the terms of the Development and Commercialization Agreement, Amylin will provide expertise in peptide hormone development, particularly in the area of phybrid technology, as well as metabolic disease therapeutics. Biocon will utilize its expertise in recombinant microbial expression to manufacture the compound and also leverage its experience in pre-clinical and clinical development of diabetes products.

“This agreement fully leverages the synergistic capabilities of the two companies,” said Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon, Ltd. “Amylin’s knowledge of peptide therapeutics and their leadership in the diabetes market, paired with Biocon’s capabilities in process development, manufacturing and clinical development, provides this global program with the potential to effectively bring a novel therapy to patients living with diabetes.”

“This program could unleash the potential of cutting-edge peptide science to transform the lives of patients with diabetes,” said Daniel M. Bradbury, President and Chief Executive Officer, Amylin Pharmaceuticals. “We are pleased to work with Biocon, a biologics innovator and world-class manufacturing expert, and look forward to collaborating with them on this exciting program.”

Amylin Pharmaceuticals is a biopharmaceutical company committed to improving lives through the discovery, development and commercialization of innovative medicines. (ANI)

Chinese couple married for 3 months sign 6-month trial separation agreement!

New Delhi, Sep 11 (ANI): A Chinese couple, who has been married for less than three months, has signed an agreement for a six-month trial separation to figure out what they wanted from their lives.

The woman, surnamed Zhang, 26, a resident of Xi’an, capital of Shaanxi province, said that she met Shi online last November and they got married in April this year, reports the China Daily.

Just a month after marriage, however, the couple started quarrelling frequently over trivial things and decided on a trial separation.

But it has barely been two weeks since Zhang moved out of her husband’s house, and she misses him already.

Her husband Shi, too, said once the trial separation period is over he’d like to start afresh with his wife. (ANI)

India, Nepal agree to review Air Service Agreement

New Delhi, Sep 11 (ANI): India and Nepal signed here a Memorandum of Understanding (MoU) for review of Air Service Agreement (ASA) and a technical accord.

As per the understanding reached between the delegation from the two countries, the weekly seat capacity has been increased to 30,000 from the existing 6,000. This step can safely be expected to give a whole new boost to tourism as well as trade between the two countries.

Three new points have been granted to Nepal, namely Dehra Dun, Gorakhpur and Bagdogra and for India, Pokhara, Lumbini, Biratnagar, Nepalgunj, Janakpur, Dhangadi and Bhairahawa.

However, within their overall capacity entitlements, the designated airlines of Nepal shall be entitled to operate not exceeding 10,000 seats per week to/from Mumbai and Bangalore each and not exceeding 15,000 seats per week to/from Delhi. This restriction will become null and void from January 1, 2011.

Regarding the revised route schedule, the Nepali delegation stated that barring Kathmandu, there is no other airport in Nepal which is suitable for operation of international flights.

The designated airlines of each party shall be entitled to operate any number of all-cargo services between each other’s territory with any type of aircraft with full 3rd, 4th and 5th freedom traffic rights. Such all-cargo services may also be operated under co-operative marketing arrangements such as code sharing blocked space.

The delegations took note of the Technical Co-operation Agreement signed between the Airports Authority of India and the Civil Aviation Authority of Nepal. Both sides agreed to take further action for implementation of this Agreement.

The Indian side reiterated its request that permission for the deployment of sky marshals on the flights operated by the designated airlines of India to/from Nepal may be expedited.

The Nepal side took note of the request and informed that the matter had already been referred to the appropriate authority of the Government of Nepal. The Nepal side will pursue the matter. This Memorandum of Understanding shall super cede all previous arrangements to the extent applicable and shall come into force with immediate effect.

The Indian delegation was led by M. Madhavan Nambiar, Secretary, Ministry of Civil Aviation and the Nepal side was led by Nagendra Prasad Ghimire, Secretary, Ministry of Tourism and Civil Aviation. (ANI)