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Currency Crisis in Iran as Sanctions Start to Bite

Iran is suffering from currency crisis, as the West is pushing its sanctions harder on Iran to halt the country’s nuclear program. The adversity of this crisis is apparent in Afghanistan as well. Afghan moneychangers say that Iranian currency, Rial,

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David Ricardo

David Ricardo was one of those rare people who achieved both tremendous success and lasting fame. After his family disinherited him for marrying outside his Jewish faith, Ricardo made a fortune as a stockbroker and loan broker. When he died,

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China’s Purchasing Managers’ Index (PMI) lowering further

China’s manufacturing activity fell to a nine-month low in August, with the Purchasing Managers’ Index (PMI) read 47.8 compared to July’s reading of 49.3. A PMI reading below 50 indicates that manufacturing activity is contracting. China has taken several measures

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In Afghan Bazaar, U.S. Goods At Bargain Prices- By Sean Carberry

“Welcome to the Bush Bazaar,” says Zach Warren, an American who has spent years working in Afghanistan. He’s giving me a tour of Kabul’s shopping districts as we buzz around the city on his rickety motorcycle, slicing through the city’s

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South Korean Court Bans Sales of Apple and Samsung

A South Korean court imposed a limited on national sales of the two technology giants, Samsung and Apple, ruling that the two companies had infringed each other’s patents. The sales ban will apply to Apple’s iPhone 3GS, iPhone 4 and

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Gold prices edged up while Commodities prices remained Stable in Kabul

During the outgoing week, gold prices went up in Kabul due to global market trends, while rates of daily-use commodities stayed stable. The price of one gram of Arabian gold was sold at 2,300 AFN, compared with 2,250AFN sold last

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Things Don’t Look As Bad for UK’s Economy

A revised data from the Office for National Statistics (ONS) showed that UK’s economy contracted by 0.5% during the second quarter, less than the 0.7% predicted last month. The construction sector had better productivity than thought. The output from the

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Samsung to pay Apple $1bn in damages

A jury ruled on Friday that Samsung should pay Apple $1.05bn in an intellectual property dispute in the US, saying several of Apple’s software and design patents were breached by Samsung. Samsung’s claim that Apple had infringed several of its

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