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Asian markets feel the pinch as Europe sinks

Surveys of thousands of factories across the world were realeased on Wednesday, showing activity in the 17-nation Eurozone has declined for the eleventh straight month in July.  Purchasing Managers Indexes (PMIs) indicate that not only did the decline in manufacturing

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Afghan government making effort to bring transparency in mining industries

Afghanistan Extractive Industries Transparency Initiative (AEITI) released its first report on the reconciliation of payments by mining industries to government and revenues received by government. The report was based on the payments by major mining companies in Afghanistan including AIC,

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Power restored in India after a two-day blackout

India’s power supply has been fully restored after a two-day black out that affected more than 600 million people in 20 out of 28 states. The black caused a big chaos, as many people had panicked that the power shortage

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World Bank to step in to lift Burma out of poverty

The World Bank announced that it is considering preparing up to USD 85m aid to Burma for the first time in 25 years. The aid would help in boosting reforms needed to eradicate poverty in the nation. In the line

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Melon and Watermelon Productions Doubled in Balkh

Last winter’s heavy snowfall has resulted in doubling Balkh farmers’ output from their melon and watermelon fields. The farmers enjoyed much better water resources, generated from increased snowfall this last winter, for their fields. The cold winter also helped eradicate

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Afghan Doctors Using Code Language in their Prescriptions

Lately, a number of patients in Kabul have complained about the different ways that Afghan doctors try to swindle them out of their money. The patients say that the doctors use “code language” in the prescriptions by using “code language”,

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Eurozone Crisis: Unemployment rate at record high

Eurostat reported on Tuesday that the Eurozone unemployment is at a record high of 11.2%, leaving 17.8 million people out of work. This makes it the highest since the euro was formed in 1999. The increase, being the 14th in

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Apple-Samsung patent battle heads to trial

In a case prompted by Apple in April last year, the two companies accounting for more than half of all the world’s smartphone sales, Apple and Samsung, go head to head in a trial by jury on Monday in San Jose,

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Pakistan, US signed agreement on NATO Supplies Transit to Afghanistan

US Deputy Ambassador Richard Hoagland and Additional Secretary Defense Rear Admiral Farrukh Ahmed signed the agreement on transit of cargo for NATO-led troops based in Afghanistan on Tuesday in Rawalpindi. The prior arrangement between the two governments was reportedly based

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