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Washington - While it is widely believed that money can not buy love, a new study has suggested that it can buy you happiness but only up to a ‘sweet spot’ of 36,000 dollars GDP per person. A new analysis led by economists Eugenio Proto in the Centre for Competitive Advantage in the Global Economy at the University of Warwick and Aldo Rustichini, from University of MInnesota found that as expected, for the poorest countries life satisfaction rises as a country’s wealth increases as people are able to meet their basic needs. However, the new surprise finding is that once income reaches a certain level – around 36,000 dollars, adjusted for Purchasing Power Parity (PPP) - life satisfaction levels peaks, after which it appears to dip slightly in the very rich countries. The researchers found suggestive evidence that this happiness dip in the wealthiest countries is because more money creates higher aspirations, leading to disappointment and a drop in life satisfaction if those aspirations are not met. The study was published in journal PLOS ONE.
Analysis: Israels government cant disown...

Analysis: Israels government cant disown West Bank settler violence

Analysis: Israels government cant disown West Bank settler violence ### West Bank Tensions Escalate: Settler Violence Raises Concerns Over Annexation and Displacement **Jerusalem, [Date]** – A surge in settler-led violence in the occupied West Bank is drawing sharp criticism from human rights... read more »

Liverpool to sell minority stake to cons...

Liverpool to sell minority stake to consortium including Jeff Bezos

Liverpool to sell minority stake to consortium including Jeff Bezos ## Liverpool Football Club Nears Strategic Investment from Bezos-Backed Consortium **Liverpool, England** – Liverpool Football Club is reportedly on the cusp of securing a significant minority investment from a newly formed... read more »

British cyclist Finlay Tarling dies in T...

British cyclist Finlay Tarling dies in Tour of Portugal crash aged 19

British cyclist Finlay Tarling dies in Tour of Portugal crash aged 19 **Tragic Loss: Young Cyclist Finlay Tarling Dies After Tour of Portugal Incident** A promising young British cyclist, Finlay Tarling, has tragically passed away at the age of 19 following a serious accident during the Tour of... read more »

12-year-old pleads guilty to hacking top websites in exchange of video games from Anonymous
Luigi Mangione pleads guilty in UnitedHe...

Luigi Mangione pleads guilty in UnitedHealthcare CEOs killing

Luigi Mangione pleads guilty in UnitedHealthcare CEOs killing **Former Associate Admits Guilt in UnitedHealthcare CEO’s Homicide** A significant development has occurred in the 2024 homicide case involving Brian Thompson, the Chief Executive Officer of UnitedHealthcare. Luigi Mangione, a... read more »

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Africa

Mohamed Morsi 'steadfast' in jail, says wife

Mohamed Morsi ‘steadfast’ in jail, says wife

London – The wife of toppled Egyptian President Mohamed Morsi visited him in jail and said he is ‘steadfast’. Naglaa Ali was one of several relatives to visit Morsi on Wednesday in... read more »

South Africa against trial of sitting leaders

South Africa against trial of sitting leaders

Cape Town – South African President Jacob Zuma said Wednesday that sitting African heads of state should not stand trial. “What we are... read more »

Nigerian President wants emergency rule extended for 6 ...

Nigerian President wants emergency rule extended for 6 months

Abuja – Nigerian President Goodluck Jonathan today asked legislators to extend for another six months the state of emergency in three northeastern states... read more »

Gaddafi’s son demands trail in Zintan, not Tripol...

Gaddafi's son demands trail in Zintan, not Tripoli

Tripoli – Saif al-Islam, the second son of slain Libyan leader Muammar Gaddafi, has demanded he be tried in the western city of Zintan rather than... read more »

Seven Boko Haram militants killed in Nigeria

Seven Boko Haram militants killed in Nigeria

Abuja – At least seven Boko Haram militants were killed in the latest clampdown against the group in Nigeria’s northeastern state of Borno, the... read more »

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Asia

Mullah Omar died two years ago: Pak tells Afghanistan

The death of Mullah Mohammad Omar, the supreme leader of the Afghan Taliban, has been confirmed by authorities in Pakistan who have shared the information with Afghan government officials, according... read more »

Indian citizen held by China for ‘terror lin...

China late on Friday deported the lone Indian arrested on unspecified charges in Inner Mongolia, bringing to an end 72 hours of hard negotiations... read more »

China’s migrant population to reach 310 mn by 203...

China’s migrant population, the workforce behind its massive development in the last few decades, will touch 310 million by 2030, almost the same as the... read more »

China aggressively building islands on reefs claimed by...

China is reportedly proceeding with the construction of artificial islands on at least two reefs, which are claimed by the Philippines, despite Beijing... read more »

Pakistan mourns for victims of deadly Taliban church at...

LAHORE, Pakistan — Pakistan is mourning for the victims of a pair of Taliban suicide bombings that struck two churches the day before, killing 15 people, and... read more »

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China

Blasts outside CPC office in China, one dead, 8Injured.

Blasts outside CPC office in China, one dead, 8 Injured.

Beijing – One person was killed and eight others were injured in explosions Wednesday morning in front of a provincial office building of the Communist Party of China, police said. The blasts... read more »

Woman sentenced to death for arson in China

Woman sentenced to death for arson in China

Beijing – A Chinese woman was sentenced to death Wednesday for arson which caused the death of three firefighters on New Year’s day this... read more »

Man jailed 5 years in China for flight bomb hoaxes

Man jailed 5 years in China for flight bomb hoaxes

Beijing – A 27-year-old man, who made false bomb threats that affected flights in six Chinese cities in May, was sentenced to five years in jail by a... read more »

China car attack likely work of discriminated community...

China car attack likely work of discriminated community, not terrorists

Washington – China has accused a Uighur separatist group for the Monday’s Tiananmen Square car attack, but analysts say it is likely that disgruntled,... read more »

China issues orange alert against Typhoon Krosa

China issues orange alert against Typhoon Krosa

Beijing – China on Saturday upgraded its warning of high waves to orange level, the second-highest warning in its four-tier colour-coded weather system,... read more »

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Middle East

India-headed Nigerian dies showing Ebola symptoms

ABU DHABI: A 35-year-old Nigerian woman, who was travelling to India for treatment of cancer, died while in transit after showing symptoms similar to those of deadly Ebola virus, UAE health officials... read more »

Israel, Gaza violence defies truce ‘dealR...

GAZA CITY, Palestinian territories: Israeli jets bombed targets across Gaza on Thursday, retaliating to Palestinian rocket attacks in spiraling... read more »

Suicide bomber attacks checkpoint near new Iraq PM̵...

BAGHDAD: A suicide bomber attacked a checkpoint near the Baghdad home of new Iraqi Prime Minister Haider al-Abadi on Tuesday, two police sources and local... read more »

Gaza truce ends with Israel claim of Hamas rocket fire

The Israeli military claimed renewed rocket fire by Gaza militants after a three-day truce expired on Friday and negotiations in Cairo on a new border deal for... read more »

Gaza truce ends with Israel claim of Hamas rocket fire

The Israeli military claimed renewed rocket fire by Gaza militants after a three-day truce expired on Friday and negotiations in Cairo on a new border deal for... read more »

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South Asia

Hasina asks Zia to come down to streets

Hasina asks Zia to come down to streets

Dhaka – As the faceoff in Bangaldesh between th! e two feuding begums intensified, Prime Minister Sheikh Hasina has aske! d opposition leader and Bangladesh Nationalist Party (BNP) chairperson... read more »

Iran rejects Saudi Arabia, Qatar's call to join n-talks

Iran invites IAEA to visit Arak heavy-water produc...

Vienna – The International Atomic Energy Agency (IAEA) has received an invitation from Iran to vis! it Iran’s Arak heavy-water production... read more »

US criticizes Pak over murder charges against Osama doc...

US criticizes Pak over murder charges against Osama doc Shakil Afridi

Islamabad – The United States has criticised Pakistan’s decision to bring murder charges against Dr Shakil Afridi, who helped the CIA track slain Al... read more »

Imran Khan wants CIA’s Pak chief charged with `mu...

Imran Khan wants CIA's Pak chief charged with `murder` over drone strike

London – Former cricketer Imran Khan’s party Pakistan Tehreek-e-Insaf (PTI) has alleged that the CIA’s most senior officer in Islamabad was... read more »

Stop praising Tendulkar, Taliban tells Pakistan media

Stop praising Tendulkar, Taliban tells Pakistan media

Islamabad – The Pakistani media has been warned by the banned Tehreek-e-Taliban Pakistan to immediately stop praising India’s cricket legend Sachin... read more »

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Europe

German coalition agreement emerging

Germany to introduce national minimum wage: Merkel

Berlin – German Chancellor Angela Merkel has indicated that the country will introduce a national minimum wage as demanded by her prospective coalition partner. But she added that she would try... read more »

Paris ranked `best city for students` in world

Paris ranked `best city for students` in world

London – Paris has been ranked as the best city for students in the world, according to global rankings by QS Best Student Cities. Paris has... read more »

Cameron makes ground breaking phone call to Hassan Rouh...

Britain firm on Lanka probe into war crimes

London – British Prime Minister David Cameron made a ground breaking phone call to Iranian president Hassan Rouhani. The move from Cameron is the first... read more »

European Parliament approves seven-year EU budget

EU threatens to freeze data sharing with US

Brussels – The European Parliament Tuesday formally approved a seve! n-year budget for the European Union (EU), paving the way for financial aid to boost... read more »

Vatican dismisses `mafia threat to Pope Francis`

Vatican dismisses `mafia threat to Pope Francis`

Wellington – The Vatican has brushed off concerns after officials warned that Pope Francis could become the target of the mafia for campaigning against... read more »

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North America

U.S. honors JFK on 50 years after assassination

U.S. honors JFK on 50 years after assassination

WASHINGTON – People across the United States came to honor former U.S. President John F. Kennedy on Friday, the day marking the 50th anniversary of his assassination in Dallas, Texas. President... read more »

Kerry to join world powers in Geneva to help finalize Iran nuke deal

Kerry to join world powers in Geneva to help final...

Washington – United States Secretary John Kerry will reportedly join the P5+1 in Geneva to help finalize an agreement on Iran’s nuclear... read more »

Merkel hails Greek progress in cutting debt

Merkel hails Greek progress in cutting debt

Berlin – German Chancellor Angela Merkel Friday praised the progress Greece has made in cutting debt while meeting her Greek counterpart, but said more... read more »

Population of homeless people in NY City and LA has inc...

Population of homeless people in NY City and LA has increased by 27 percent

Federal statistics from the US Department of Housing and Urban Development’s (HUD) annual survey of over 3,000 cities and counties show the number of people... read more »

Kerry blames Muslim Brotherhood for ‘stealing’ Eg...

Kerry blames Muslim Brotherhood for 'stealing’ Egypt revolution

Washington – Secretary of State John Kerry has accused Egypt’s Muslim Brotherhood of having ‘stolen’ the revolution that toppled longtime autocrat... read more »

More from World

Benidorm holidaymaker films crowd queuing for 90 minutes before sunbed surge

Benidorm holidaymaker films crowd queuing for 90 minutes before sunbed surge ## Sunbed Scramble: Benidorm Resort Witnesses Early Morning Rush **Benidorm, Spain** – The perennial struggle... read more »

Why tariffs are not the right tool to bolster US production

Why tariffs are not the right tool to bolster US production ### Rethinking Trade Policy: The Effectiveness of Tariffs in Boosting Domestic Industry The imposition of tariffs has become a... read more »

Russian nuclear torpedo

Russian strike sparks fire at Ukraine port; Zelenskyy seeks interceptors

Russian strike sparks fire at Ukraine port; Zelenskyy seeks interceptors **Ukrainian Port Engulfed in Flames Following Russian Assault; Kyiv Appeals for Air Defense Reinforcements** A... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.

Nearly 4 million Afghan children acutely malnourished

Nearly 4 million Afghan children acutely malnourished ## Afghanistan Faces Escalating Child Malnutrition Crisis Amidst Funding Shortfalls **Kabul, Afghanistan –** A stark reality is... read more »

Polls open in Zambia presidential election as economic reforms te...

Polls open in Zambia presidential election as economic reforms tested **Zambians Head to Polls in Crucial Election Amidst Economic Headwinds** Lusaka, Zambia – Zambians are casting their ballots... read more »

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