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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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“You’ve got to understand, the resource boom is over”- Australia’s Resources Minister

Martin Ferguson, Australia’s resources minister, has said that the country’s resource boom is over amid slowing global demand and falling commodity prices that have hurt Australian miners. His comment followed after BHP Billiton reported that it has shelved a planned

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Afghanistan’s population increasing rapidly

Afghanistan’s Center of Statistics Office (CSO) warns the country about the upcoming economic issues arising from rapid increase in the population rate. According to Ismatullah Ramzi, advisor to the CSO, Afghanistan’s population swells up by 500,000 annually. The government is

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Lack of drinking water a major issue in Parwan Province

Majority of residents in Parwan province are all set to hold a demonstration against the government for its failure to resolve the issue of lack of drinking water in the province. The residents have complained that the government collected about

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Afghanistan's water resrouces reason for new conflicts?

Experts from across the globe, keeping into consideration the current changes in the environment of the Earth and excessive exploitation of water resources in agriculture, believe that the status of drinking water and agricultural land is faced with difficulties. Consumption

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Afghanistan’s water resrouces reason for new conflicts?

Experts from across the globe, keeping into consideration the current changes in the environment of the Earth and excessive exploitation of water resources in agriculture, believe that the status of drinking water and agricultural land is faced with difficulties. Consumption

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US extension of payroll tax cut & unemployment benefits risk new recession

The Congressional Budget Office (CBO) in its report on the economic forecast has said that the US would see growth drop by 2.9% in the first half of next year, with unemployment rate stuck at above 8%. Fiscal tightening, including

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US extension of payroll tax cut & unemployment benefits risk new recession

The Congressional Budget Office (CBO) in its report on the economic forecast has said that the US would see growth drop by 2.9% in the first half of next year, with unemployment rate stuck at above 8%. Fiscal tightening, including

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Germany and France to Discuss Extension Allowance to Greece

German Chancellor Angela Merkel and French President Francois Hollande are set to have talks on allowing more time to Greece to make the cuts required by its debt bailout. Greece, being on its fifth recession at the moment, is in

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“Inaccuracies” in “misleading” assessment of the report- Manmohan Singh

In response to the stalemate caused by the Opposition over the recent coal report, Prime Minister Manmohan Singh has said that the coal blocks were allocated in a transparent manner through checks and balances and without any favor to any

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Manmohan Singh Should Quit-Indian MPs Demand

India’s parliament was upset over a recent report that the country lost USD 33bn by selling coalfields cheaply. India is the one of the largest producers of coal in the world. The country’s auditors said in the report that the

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North Korea’s Economic Zone, Rason, Yet to Flourish

Over the past two years, North Korea’s leadership has made attempts to transform Rason into an international hub and attract foreign investment into the region. Jang Song Thaek, a senior official and uncle of leader Kim Jong Un, led a

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Japan’s Trade Deficit Widens amid Dwindling Demands from China and Europe

Japan’s exports fell 8.1% from the previous year, widening the trade deficit much more than the economists had predicted. The drop in exports led to a trade deficit of 517.4bn yen ($6.5bn; £4.1bn), after a revised surplus of 60.3bn yen

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Apple-Samsung Closing Arguments Delivered

Closing arguments were delivered at trial between Apple and Samsung in a federal court in San Jose, California. The jury will begin deliberating on Wednesday. Apple lawyer Harold McElhinny told the jury in his closing argument on Tuesday that Samsung

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Nuristan’s timber smuggled to Pakistan

Eastern Nuristan province is suffering from ruthless deforestation, with timber being smuggled to neighboring Pakistan on camels and mules. Areas such as Want Waigal, Kamdesh and Barg-e-Matal in Nuristan are endowed with think forests, where Pakistani traders pay frequent visits

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Amitabh Bachchan joins Facebook

The Shahenshah of Bollywood Amitabh Bachchan has been quite pro-active on social media. He has been on the micro-blogging site Twitter and has over 3.3 million followers! He had recently launched his tumbler blog and now looking to get a

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Taxi fares higher on Eid Days in Kabul

Kabul residents have complained about higher taxi fares on Eid days. Majority of the residents cannot afford commuting by taxi on Eid days to visit family members and friends and have to wait long hours for public buses. “My name

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Eurozone crisis: Spain's borrowing costs fall

Spain’s short term borrowing costs tumbled on Tuesday as it raised 4.51 billion euros, on hopes that the European Central Bank will soon start buying its bonds. According to figures from the Bank of Spain, the 12 month rate slumped

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Eurozone crisis: Spain’s borrowing costs fall

Spain’s short term borrowing costs tumbled on Tuesday as it raised 4.51 billion euros, on hopes that the European Central Bank will soon start buying its bonds. According to figures from the Bank of Spain, the 12 month rate slumped

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