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Top British insurance firm’s CEO steps down

Aviva announces chief executive’s departure amid concerns for hefty pay for bosses perceived to be underperforming. Andrew Moss is to be replaced by chairman John McFarlane who will also be tasked with finding a new CEO. The head of Britain’s

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U.S. could make $15.1 billion on AIG bailout

Taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer American International Group, a congressional watchdog said. According to a report by the Government Accountability Office issued on Monday, the total return depends

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Marubeni close to buying Gavilon for $5.2 billion

Japan’s Marubeni Corp is in advanced talks to buy U.S. grain and energy trader Gavilon for about $5.2 billion including debt after beating out competition from rival domestic trading firms, a source close to the deal said on Tuesday. The

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UAE to train Afghan airport employees on new equipment

A contract has been signed between The Ministry of Transport and Aviation and a (UAE) United Arab Emirates firm for training both Kabul and Kandahar airport employees for employing new equipments. Over the past three years some modern flight safety

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World markets plunge after European elections

Investors’ fears of debt crisis renewed after anti-austerity candidates win elections in France and Greece. World stock markets have been pummeled in trading after election results in Greece and France heightened market concerns about Europe’s ability to solve its debt

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The Shahrukh Khan-Kajol onscreen magic once again?

The buzz is rife that Bollywood’s evergreen jodi Shahrukh Khan and Kajol would spill their onscreen magic yet again for friend Karan Johar. The rumours are doing the rounds that Karan has apparently decided to cast the duo in a

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Clinton backs microcredit pioneer Yunus in Bangladesh

US Secretary of State Hillary Clinton has publicly given her backing to microcredit pioneer Mohammed Yunus, urging Bangladesh not to undermine the independence of the Grameen Bank. Mr Yunus won the Nobel Peace Prize for setting up Grameen, which makes

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Ghazni far from ready to serve as Islamic civilization capital

The Meshrano Jirgaon Sunday said southern Ghazni province would not be ready as the Asian capital of Islamic civilization by 2013 due to delays in preparatory work and urged relevant authorities to brief the house on the subject next week.

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David Beckham tops UK and Irish sport rich list

David Beckham has topped a list of the richest people in sport in the UK and Ireland. The LA Galaxy footballer, 37, was in pole position with a fortune of £160m, according to the annual Sunday Times sport rich list.

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Greek governing parties 'lose majority' at polls

Greece’s two governing parties, which back tough austerity measures, have lost their parliamentary majority in Sunday’s election. With almost all votes counted, centre-right New Democracy is leading with 19%, down from 33.5% in 2009. Centre-left Pasok is in third place

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Greek governing parties ‘lose majority’ at polls

Greece’s two governing parties, which back tough austerity measures, have lost their parliamentary majority in Sunday’s election. With almost all votes counted, centre-right New Democracy is leading with 19%, down from 33.5% in 2009. Centre-left Pasok is in third place

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Kareena Kapoor has a Competition

Actress Parineeti Chopra of Ladies vs Ricky Bhal will now be seen in her second film Ishaqzaade. The actress is currently very busy promoting her film. She says more than acting, she loves to sing and s a trained singer.

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Indonesia to tax exports of raw minerals

Indonesia has said it will impose an average tax of 20% on exports of 14 raw minerals, including copper and gold, in a bid to encourage local processing. It said it would also prohibit miners from exporting these raw minerals

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Samsung Galaxy S3 smartphone unveiled

Samsung has unveiled its latest flagship smartphone – the Galaxy S3. The handset has a 4.8 inch (12.2cm) screen, an increase on the 4.3 inch screen of its predecessor. The device is perceived to be critical to how people view

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13 govt officials held on fraud charges

The Attorney General Office (AGO) has detained 13 employees of the Ministry of Finance and Independent Directorate of Local Governance (IDLG) on charges of embezzling 25 millions afs. The employees, including three directors, were arrested on Saturday morning in Kabul,

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Greek socialist leader Venizelos warns of 'mass poverty'

The leader of Greece’s Pasok party Evangelos Venizelos has said Greece faces a choice between austerity and “mass poverty” in elections on Sunday. “On Sunday, our people’s fate is at stake,” Mr Venizelos told the closing rally of his campaign

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Greek socialist leader Venizelos warns of ‘mass poverty’

The leader of Greece’s Pasok party Evangelos Venizelos has said Greece faces a choice between austerity and “mass poverty” in elections on Sunday. “On Sunday, our people’s fate is at stake,” Mr Venizelos told the closing rally of his campaign

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Facebook pushes record-breaking IPO

Social networking site Facebook is tipped to be worth as much as $95bn as it goes public. The world’s largest online social network has more than 900 million users [EPA] Facebook, the company that turned the social Web into a cultural

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Gold prices up, food stable in Kabul

Prices of gold edged up during the outgoing week in Kabul, while other consumer products’ rates remained stable, retailers said on Thursday. Abdul Baseer, a jeweller in the Lycce-i-Maryam neighbourhood, told Pajhwok Afghan News the price of one gram of

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Third brother arrested in Hong Kong corruption probe

A third member of Hong Kong’s billionaire Kwok family has been arrested as part of a high-profile corruption investigation in the city. Sun Hung Kai Properties said that Walter Kwok had been arrested by Hong Kong’s Independent Commission Against Corruption

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Alfred Marshall

Alfred Marshall was the dominant figure in British economics (itself dominant in world economics) from about 1890 until his death in 1924. His specialty was microeconomics—the study of individual markets and industries, as opposed to the study of the whole

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Eurozone private sector 'contracts sharply'

The eurozone’s private sector contracted sharply in April and by more than initially thought, a survey says. The Markit eurozone composite purchasing managers’ index (PMI) fell to 46.7 in April from March’s 49.2. Any figure below 50 suggests contraction. This

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Eurozone private sector ‘contracts sharply’

The eurozone’s private sector contracted sharply in April and by more than initially thought, a survey says. The Markit eurozone composite purchasing managers’ index (PMI) fell to 46.7 in April from March’s 49.2. Any figure below 50 suggests contraction. This

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Nato Troop Withdrawal Impacting Foreign Direct Investment: AISA

The complete withdrawal of foreign troops from Afghanistan, slated for 2014, is negatively impacting foreign investment in the country, according to the Afghanistan Investment Support Agency (AISA). AISA Investment Promotion Director Rohullah Ahmadzai said the agency has noticed a decline

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Sonakshi comfortable with older actors!

Sonakshi had recently admitted that she prefers working with older men in the industry and that she is more comfortable with them. Even since she made such a confession, younger actors in Bollywood do not want to be paired with

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