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Spanish Borrowing Costs Hit an Unaffordable Rate

The yield or interest rate on Spanish 10-year bonds hit 7%, a level that market-watchers consider is unaffordable for a country to raise money on the bond markets in the long term. Spain is now at a critical point where

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North Korean Economy Grew the Second Time in the Past 6 Years

North Korea’s economy has expanded by 0.8% in 2011 due to growth in forestry industries and construction sector. The report by South Korea’s central bank shows forestry industries grew by 5.3% because of good weather conditions and increased fertiliser use,

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Tokyo Declaration on Afghanistan backs India’s concerns on terror

Backed by the participants of Tokyo Conference, India’s External Affairs Ministers S.M.Krishna recognized the main threat to Afghanistan’s security and stability comes from terrorism and extremism. The Tokyo declaration reflected India’s oft repeated concern over terrorism emanating from across Afghanistan’s

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Tokyo Conference Declaration

Tokyo Conference, held on July 8, 2012, brought together delegates from 70 different countries to review the achievements of Afghan Government since 2001 and to assess measures that need to be taken to help Afghanistan stand on its own feet.

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Afghans Dining Etiquette

There are many differences between Afghan and Western dining etiquette.  One should always remove shoes at the door when visiting a home. When dining at someone’s home, guests will be seated on the floor, usually on cushions.  Guests should wait for

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Canada Reaffirms Support for Afghanistan- Mostly empowering women and girls

At the Tokyo Conference on Sunday, Canada pledged to continue working with the people of Afghanistan to build a better, brighter future for people in need. Canada’s development assistance is based on key reforms that the Government of Afghanistan has

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Building of Dam and Zone Construction of Amu River in Kunduz

Minister of Energy and Water Mohammad Ismail Khan during his visit to Kunduz province entrusted the operation of two EU-funded construction projects to the people. “Water dam in the district of Khan Abad with a cost of 12m Euros and

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Russian Billionaires in dispute over USD 1bn stake

The Russian Oligarch Oleg Deripaska is alleged to owe 13.2% stake in Rusal, the world’s biggest aluminum producer, to Michael Cherney. Mr. Cherney claims that they signed a document in 2001 in London and made a verbal agreement over ownership

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Consumer Price Rise in China cooled to 2.2% in June

China’s inflation eased to 2.2% in June, down from 3% in May and below the government target of 4%. With the inflation easing, China’s policymakers have more room to spur economic growth. The central bank has cut key interest rates

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