LOS ANGELES: The slavery drama 12 Years a Slave won the Academy Award for best picture on Sunday, making history as the first movie from a black director to win the film industry's highest honour in 86 years of the Oscars. British director Steve ...

WASHINGTON: The US government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, suggesting some loss of momentum heading into 2014. Gross domestic product (GDP) expanded at a ...

TOKYO: The Mt Gox bitcoin exchange in Tokyo filed for bankruptcy protection yesterday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for. The exchange's CEO Mark Karpeles appeared before Japanese ...