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Thailand exports fall in April as global demand slows

Thailand has reported a surprise fall in its exports for April because of falling demand from key markets such as Europe and the US. Shipments fell 3.7% from a year earlier. Many analysts had forecast an increase of more than

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EU refers Argentina's import restrictions to the WTO

The European Union has filed a suit against Argentina’s import restrictions at the World Trade Organisation (WTO). It is the latest step in the row between the two since Argentina nationalised energy company YPF, which was majority owned by Spain’s

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EU refers Argentina’s import restrictions to the WTO

The European Union has filed a suit against Argentina’s import restrictions at the World Trade Organisation (WTO). It is the latest step in the row between the two since Argentina nationalised energy company YPF, which was majority owned by Spain’s

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A government official: Taliban have given their consent about the TAPI project

Afghanistan Government informed the government of Pakistan and India about the agreement of the Taliban regarding the safety of the pipeline. A prominent Afghan government official, who has chosen not to reveal his name, told the Express Tribune newspaper that

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US Embassy %5million Aid to Afghan Businesswomen

US Embassy in Kabul announced a USD 5 million (249 million Afs) in aid for economic development of Afghan businesswomen. The embassy’s coordinating director for Development and Economic Affairs spoke at a news conference about the importance of businesswomen for

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Foreigners Spend Billions in Afghanistan Without Accountability: Arghandiwal

The Afghan government has to account for every cent it spends but foreigners in Afghanistan have spent billions without any transparency or accountability, the Afghan Minister of Economy said Wednesday. Abdul Haid Arghandiwal accused foreigners for abusing as much as

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Norway's annual support to Afghanistan following Nato withdrawal

Norway’s Prime Minister Jens Stoltenberg pledged USD 125 million per annum towards Afghanistan’s reconstruction efforts and another USD 25 million towards security development of the nation following the Chicago summit. President Karzai and Stotenberg met each other on the sidelines

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Norway’s annual support to Afghanistan following Nato withdrawal

Norway’s Prime Minister Jens Stoltenberg pledged USD 125 million per annum towards Afghanistan’s reconstruction efforts and another USD 25 million towards security development of the nation following the Chicago summit. President Karzai and Stotenberg met each other on the sidelines

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NATO and Kyrgzstan Land Transit Agreement

NATO and Kyrgyzstan have signed a land transit agreement through Kyrgyzstan for the NATO-led International Security Assistance Force in Afghanistan on Tuesday at the NATO summit in Chicago. “It is important for the further development of bilateral cooperation between Kyrgyzstan

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China to bost demand and investment

China has said it will take measures to boost demand and investment amid fears of a slowdown in its economy. On Wednesday, the government said it will encourage private investment in sectors such as energy, railways and telecommunications. The move

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China pledges measures to boost demand and investment

China’s growth has been slowing in recent times. Its economy expanded by an annual rate of 8.1% in the first quarter, the slowest pace in almost three years. The government has set a target of 7.5% growth in 2012, the

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EU wants Greece to stay in eurozone, says Van Rompuy

EU leaders want Greece to remain in the eurozone but to “respect its commitments”, European Council President Herman Van Rompuy has said. Mr Van Rompuy, speaking at an informal EU summit, said continuing “vital reforms” were essential for Greece to

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Reebok India alleges $233m fraud by former employees

Reebok India has lodged a police complaint against former managing director Subhinder Singh Prem and ex-chief operating officer Vishnu Bhagat accusing them of commercial and financial irregularities. The firm alleged that the two set up secret warehouses, fudged accounts and

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Indian rupee plummets to historic low against dollar

                                                                                                    The Indian rupee has continued its downward slide of the past few days and hit an all-time low against the dollar in early trade on Wednesday. The Indian currency fell to 55.82 rupees against the US dollar, down from

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Afghan ministers summoned by the Senate

Finance, Commerce and Economics Ministers were summoned to the National Assembly on 22 May 2012  to address the issue of the lagging economy of Afghanistan. Afghan Senators expressed their concern regarding economic situation of Afghanistan. “Afghanistan has not reached the

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Jobs for the long run

UNEMPLOYMENT is high, and the longer people are unemployed the longer they are likely to stay that way. Eventually, they may become discouraged and drop out of the labour force. So what can be done? The economic infighting about whether

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Chinese businesswoman life imprisonment

Wu Ying, the once 6th richest woman in the world, had originally received a death sentence for financial fraud and illegal fund raising. She has now been given a two-year reprieve. China’s supreme court’s decision of her death sentence was

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Kabul airport taxiway to be launched

Construction on the international standard taxiway at the Kabul airport was launched on May 22, 2012. The project, funded by Japan, is worth USD 27 million (1350 millions afs). The taxiway would be 44 meters wide and 5.4 kilometers long,

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Vidya Balan’s Kahaani to be filmed in 3 languages

Vidya Balan’s Kahaani is going great guns. Directed by Sujoy Ghosh, the film will soon be remade in Tamil and Telugu, and most probably in English too. “There are talks. If it happens, great. If it doesn’t, it didn’t happen.

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Mining Profits Should be Invested in Development: IWA

Afghanistan’s extractive industries watchdog Integrity Watch Afghanistan (IWA) on Monday recommended the government form a trust fund from the profits made in mining to invest in other development services in the country. In an exclusive interview with TOLOnews, IWA head

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Demand increases for local made Air Conditioner in Helmand Province

Esmatullah Erfan,  local labor in Helmand province, manufactured a air conditioner using primary level materials and has attracted many customers in Southern provinces. The air conditioner  is made with a few meters of Iron, special wood, a fan of a

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Thailand sees growth rebound after devastating floods

Thailand’s economy has rebounded sharply as factories boosted production recovering quickly from last year’s floods. Gross domestic product grew 11% in the first three months of the year, compared to the previous three months, data showed. On an annual basis

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International Mobile Money Transfer Service in Afghanistan

 Roshan, Afghanistan’s leading total communications provider, and Western Union, a leader in global payment services, have today jointly launched the Western Union Mobile Money Transfer service in Afghanistan that enables Roshan’s M-Paisa customers to receive money from abroad. Roshan launched

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Afghanistan-Pakistan to extend transit trade agreement

Sunday, President Karzai and his Pakistan counterpart, Asif Ali Zardari, agreed to extend the two nations’ transit trade agreement to Central Asia, which can potentially boost up bilateral and regional trade. The decision was taken on the sidelines of the

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Bollywood star Aishwarya Rai branded ‘a disgrace’ over baby weight

From hearing people compliment your new bundle of joy to witnessing your child’s first words, giggles and steps, there’s so many things to make women smile in the first year of the motherhood. One thing that’s unlikely to cheer you

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