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Cash flight out of Afghanistan

Will the country’s economy collapse as billions in aid money leave the country along with international security forces? There is a lot of concern about security in Afghanistan as international forces look to a 2014 drawdown. But few have given

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EU officials to propose 6.8% budget increase for 2013

Officials from the European Commission are due to outline proposals on Wednesday for a 6.8% rise in the EU’s budget for 2013. T–he proposals will be a starting point for negotiations with the EU’s 27 member states. Some EU members,

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Australian inflation slows giving rate cut hopes a lift

Australian inflation has slowed more quickly than expected, boosting optimism of a rate cut next month. Consumer prices rose by 0.1% in the first three months of the year compared with the previous quarter, the statistical office said. The annual

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Two major South Korean retailers halt sales of US beef

Two of South Korea’s biggest retailers have halted sales of US beef after the discovery of a case of “mad cow” disease in the US. Lotte Mart and Home Plus have temporarily suspended sales at their stores after a dairy

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Facebook sees slide in revenue ahead of IPO

First quarter net income falls frpm $233m to $205m from a year earlier, just weeks ahead of US company’s expected IPO Social networking giant Facebook has reported its first quarter-to-quarter revenue slide in at least two years, in a sign

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Threefold cut in internet price in a year

Ministry of Communications and Information Technology (MCIT) officials on Tuesday said there has been a three-fold decrease in the price of internet over the past one year, with the rate of one Megabyte (MB) reducing from $900 (44,883.0 afghanis) to

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Box-office: Housefull 2 crosses 100 crore mark, Vicky Donor & Hate Story average

MUMBAI: John Abraham’s Vicky Donor starring Ayushmann Khurrana and Yami Gupta, as well as Vikram Bhatt’s Hate Story starring Paoli Dam, Nikhil Dwivedi, and Gulshan Devaiya had an average opening on Friday. Vicky Donor had a three day total in

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US, Afghanistan Agree On Strategic Agreement With Possible $2 Billion Per Year Payout

AFGHANISTAN – Today, Afghanistan and the United States have finalized a strategic partnership agreement outlining their relationship following the 2014 withdrawal of Western combat troops in the country. A statement from Afghan President Hamid Karzai’s office says the deal was

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Dutch PM resigns after failed austerity talks

The Netherlands’ Queen Beatrix has reportedly accepted Mark Rutte and his cabinet’s resignation. Mark Rutte, Dutch prime minister, and his cabinet have offered their resignation to Queen Beatrix after the collapse of a parliamentary partnership with a far-right party. The Dutch government

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Slaves to the Smartphone

“THE SERVANT” (1963) is one of those films that it is impossible to forget—a merciless dissection of the relationship between a scheming valet (played by Dirk Bogarde) and his dissolute master (James Fox). The valet exploits his master’s weaknesses until

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Kareena Kapoor’s favourite diet plan!

The fuss surrounding Kareena Kapoor and her diets will never fade, or so it looks. During the shoot of Ra.One we heard that Bebo was having milk shakes and maple syrups at odd hours to ward off cold and fatigue

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Life in Iran–on-nuclear families

IT WAS the first time in 15 months that Iranian envoys had met the five permanent members of the UN Security Council plus Germany. Their talks in Istanbul on April 14th were cordial, though the sole agreement was to carry

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Work on key road launched in Badakhshan

Construction work on a 75-kilomentre road was launched in northeastern Badakhshan province on Sunday, officials said. The 5-metre wide road that connects Maimi and Shaghnan districts is being constructed at a cost of $15 million by the Ministry of Rural

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Europe pressured to reform economy

IMF says that EU must cut debt burdens, make bold economic reforms and stabilise financial systems to restore growth. World powers have pressured Europe to take strong measures to fix its debt-heavy economy and restore growth to a level that

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Parliament Approves Federal Budget

Afghanistan’s House of Representatives finally approved the budget for the current fiscal year on Saturday after having rejected it twice in the past month. This year’s budget for 1391 was approved after the Ministry of Finance made changes to the

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Finland's Nokia shaken by $1bn loss

Phone maker rings in 2012 with one of its worst ever quarters, citing tough competition and a rapidly evolving industry. Mobile phones maker Nokia has suffered a $1.2bn net loss in the first three months of the year, blaming tougher-than-expected

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Finland’s Nokia shaken by $1bn loss

Phone maker rings in 2012 with one of its worst ever quarters, citing tough competition and a rapidly evolving industry. Mobile phones maker Nokia has suffered a $1.2bn net loss in the first three months of the year, blaming tougher-than-expected

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Katrina to play lead role in Korean remake?

Following a spate of South remakes, Bollywood looks like it’s turning its focus on foreign movies for remakes and also the latest news is that Bosco of the choreographer duo Bosco-Caesar fame is going to be directing the remake of

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UK offers £10bn loan to the IMF

The IMF says it has received firm commitments of more than $430bn. The money is to help economies in trouble and includes just under £10bn ($15bn) from the UK in loans to the International Monetary Fund (IMF). It is part

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Nestle having 'challenging' 2012

The world’s biggest food group Nestle has reported rising sales but says it is having a “challenging year”. The Swiss company said its sales in the first three months of 2012 were 21.4bn Swiss francs ($23.4bn; £14.6bn), up 5.6% from

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Nestle having ‘challenging’ 2012

The world’s biggest food group Nestle has reported rising sales but says it is having a “challenging year”. The Swiss company said its sales in the first three months of 2012 were 21.4bn Swiss francs ($23.4bn; £14.6bn), up 5.6% from

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Microsoft quarterly profits beat expectations

Microsoft’s profits in the three months to the end of March dropped slightly but the results still beat analysts’ expectations after a surprise rise in sales of its Windows operating system. The world’s largest software firm made a net profit

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Yale University Charmed By Chubb Fellow Shah Rukh Khan!

Bollywood star Shah Rukh Khan enthralled the students of Yale University as he came to the Ivy League institution as a Chubb Fellow, one of its top honours. A crowd gathered outside the Shubert Theatre early in the afternoon and

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More Afghan Houses Brightened

Nearly 1,000 of families in the Paghman district of central Kabul province were extended electricity, officials said on Thursday. The power was distributed to families in Pracha village of Pashaee valley after the installation of three transformers, which had the

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Germany's Audi buys Italian motorcycle firm Ducati

Volkswagen’s Audi arm has bought Italian motorcycle firm Ducati for an undisclosed sum. The 20-member supervisory board of Europe’s largest carmaker agreed to add a 12th brand to its portfolio. The purchase will be completed when approval from the necessary

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