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Taxation, productivity and prosperity

The focus of US economic policy discussion at present is almost entirely on fiscal deficits and the level of taxes. My view is that these are second or even third order issues. What matters far more is the capacity of

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Eurozone set-up unsustainable, says Draghi

European Central Bank (ECB) president Mario Draghi says that eurozone leaders must decide what they want the bloc to look like in the future, because the current set-up is “unsustainable”. He said that the ECB could not “fill the vacuum”

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Gas, sugar prices decline in Kabul

Prices of sugar and liquefied gas went down during the outgoing week in Kabul, where rates of other essential daily-use commodities stayed stable, retailers said on Thursday. Taimani-based gas dealer Abdullah told Pajhwok Afghan News one kilogram was sold for

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Council of Ministers Discussion on Reconstruction

Economic Committee of The Council of Ministers, chaired by second vice president, Mohammad Karim Khalili, discussed extension and protection of highways. The committee decided to prevent vehicles with high tonnage on the highways to prevent damages caused to the highways

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Group weddings in Bamyan

Hundreds of young couples have celebrated their marriage together- a collective ceremony that was held by financial support of Global Welfare Organization in Bamyan province. Yusuf Ali, head of Global Welfare Organization said: “We have identified and registered young people

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GM signs on as Manchester United's auto sponsor

The world’s largest automaker is jilting America’s Super Bowl for the global variety of football. General Motors Co has signed on as the automotive sponsor of the world’s most popular soccer club, Manchester United, in an attempt to cement Chevrolet

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GM signs on as Manchester United’s auto sponsor

The world’s largest automaker is jilting America’s Super Bowl for the global variety of football. General Motors Co has signed on as the automotive sponsor of the world’s most popular soccer club, Manchester United, in an attempt to cement Chevrolet

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Unemployment in France highest in 12 years

Joblessness rises to 2.9 million in first major challenge for new President Francois Hollande. French unemployment rose for the 12th month running in April, with the number of registered jobseekers up by 4,300 at 2.88 million, the labour ministry said. The

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Samsung chairman set to fight back in tussle for shares

The chairman of Samsung Electronics, Lee Kun-hee, will this week defend three lawsuits from family members claiming ownership of $1bn (£642m) worth of the company’s assets. Mr Lee, who is South Korea’s richest man, will go up against his older

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Surplus of power supply in Kandahar

Local officials in southern Kandahar reported that 75% of residents in southern Kandahar residents would be able to have access to electricity, after authorities have managed to create a surplus. One of the factors that has increased power supply was

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United State to rebuild Kajaki Dam in Helmand

The United States of America will rebuild the Kajaki Dam in Helmand province as a part of war end programs in Afghanistan at a cost of USD 471 million dollars to the people of Helmand and Kandahar provinces who will

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Cold Storage Rooms to be built for agricultural products in Kabul

 A group of Afghan traders pledged to build cold storage facilities for agricultural products in some districts of Kabul. Due to improper post harvest  operations, 40% of agricultural products go to waste, according to the Ministry of Agriculture, Irrigation and

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Apple head Tim Cook says he is not the next Steve Jobs

Apple’s new chief executive Tim Cook has said he is not trying to be the next Steve Jobs. “Steve was a visionary. My role was never to replace him,” he said in his first live media interview. Mr Cook was

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Facebook shares dip below $29 to new low

Facebook shares have dipped below $29 for the first time since their flotation to a new low. The shares were launched at $38 less than two weeks ago during its high-profile flotation, which valued the firm at $104bn (£66bn). Since

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Blackberry maker RIM warns of loss and job cuts

The company behind the Blackberry smartphone has warned it will make a loss in its latest quarter and make “significant” job cuts. Research In Motion (RIM) also said it was hiring JPMorgan and RBC Capital Markets to help with a

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Ministry of Mines Bans Illegal Extraction Of Mines in Bamyan

A source of Ministry of Mines declared that eighty three coal mines in Bamyan where illegal and non-technical extraction was taking place were closed in a special operation.  Deputy Minister of Mines Nasir Ahmad Durrani headed a team of delegation

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Spanish savings banks mull merger as debt crisis bites

Three Spanish savings banks, Ibercaja, Liberbank and Caja3, are considering a merger to strengthen their balance sheets as the country’s debt crisis continues to bite. The banks said their boards would meet on Tuesday to vote on the merger. The

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China and Japan to start direct yen-yuan trade in June

China will allow direct trading of the yuan and the Japanese yen, in a move aimed at promoting trade between Asia’s two biggest economies. This means the two countries will not be using the US dollar as an intermediary. China,

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South Africa's economic growth rate slows

The rate of growth in the South African economy slowed sharply in the first quarter of the year, hit by a big fall in output from its key mining sector. In the January to March period, South Africa’s economy –

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South Africa’s economic growth rate slows

The rate of growth in the South African economy slowed sharply in the first quarter of the year, hit by a big fall in output from its key mining sector. In the January to March period, South Africa’s economy –

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Japan retail sales and household spending continues in April

Japan’s retail sales and household spending continued to rise in April, albeit at a slower pace than in earlier months and after the government took steps to boost demand. Retail sales climbed by 5.8% from a year earlier, while household

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Khalilullah Khalili- the last of the classical Persian poets

Khalilullah Khalili , born in 1907 in Kabul province, was Afghanistan’s foremost 20th century poet as well as noted historian and university professor. He was one of the pioneers in introducing modern Persian poetry and Nimai style to Afghanistan. He

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Onyx Construction Company fails of promises

Some customers of the Onyx Construction Company have reported complaints against the company for its delayed construction projects.  They say that the construction of residential buildings that belongs to Onyx Construction Company have either stopped or the work is going

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How to feed a planet

Why the world needs an agricultural revolution in Africa THIS chart is the nearest thing to a snapshot of everything you need to know about feeding the world. It comes from Cargill, a grain trading company, and shows which regions

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Nangarhar Protestors Demanding Kick-Start of Infra Projects

Youth and civil society members protested on Tuesday in eastern Nangarhar province demanding the government to get mega infrastructure projects going. The protestors threatened they would close all roads leading to central Kabul unless the government launches  the Naghlo power station,

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