India still among most-favoured nation for global companies

Major global companies consider India their third most favoured destination after China and the United States, a UN report said on Thursday, and investment inflows could increase by more than 20 percent both this year and next.

Foreign direct investment (FDI) flows into India leapt 30 percent to nearly $32 billion in 2011, though held back by slow pace of reforms, it still remains a long way down the league table of FDI recipients.

China drew $124 billion last year, while Brazil attracted nearly $67 billion and Russia $53 billion.

Spain wins Euro 2012

Spain rediscovered their magic on Sunday to beat ailing Italy 4-0 in the Euro 2012 final and with it became the first nation to win three big football titles in a row.

David Silva (14th), Jordi Alba (41st), Fernando Torres (84th) and Juan Mata (88th) were on target as Barcelona midfielders Xavi and Andres Iniesta pulled the strings in midfield in their usual commanding style after some slightly below-par performances earlier in the tournament.

Fernando Torres won the Golden Boot as Euro 2012 top-scorer thanks to a goal and an assist in the final eight minutes of Spain’s 4-0 victory over Italy in Sunday’s final.





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Egypt got country’s first freely elected President

Egypt got country’s first freely elected President, Mohamed Morsy, succeeding Hosni Mubarak who was ousted 16 months ago. Mohamed Morsy was sworn in Saturday before Egypt’s highest court.