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The euro and Greece-The new government’s task is gargantuan

THE woman was from Patmos. Her husband had lost his job and come back to the island to be with their two children and find work. After he failed and she fell ill with cancer, they ran out of money.

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Ghori Cement Production Boosted up

According to officials from the Afghan Coal Company, who won the contract for coal extraction and cement factory five years ago, Ghori cement factory’s output has increased. “Despite the challenges that the factory faces, its output has gone up from

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Japan’s USD 11 million in aid to Afghan Ministry of Agriculture

Japanese Ambassador Reiichiro Takahashi signed a contract on pledging USD 11 million in aid for improving wheat seeds quality with Deputy Agriculture and Livestock Minister Abdul Ghani Ghoryani . Wheat seeds would be distributed to 80,000 farmers. Japan’s International Cooperation

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Germany warns it could veto Greek aid

According to a senior lawmaker, if Athens fails to comply with the terms of previous rescue packages, Germany will block any new aid to Greece. Michael Fuchs, the deputy head of Chancellor Angela Merkel’s conservative party, has said that Berlin

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Europe still a risk to Australian economy

According to the Reserve Bank of Australia, the growth forecast for 2012 is better than expected, however problems in the eurozone pose a threat.  In its statement of Monetary Policy released on Friday, the RBA said strong data readings in

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Qatar pledges $2bn for Egypt's central bank

Qatar has pledged to deposit $2bn at the Egyptian Central Bank, after a meeting in Cairo on Saturday between President Mohamed Morsi and Qatar’s emir, Sheikh Hamad bin Khalifa Al Thani.  Egypt’s foreign reserves have declined dramatically since the popular

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Qatar pledges $2bn for Egypt’s central bank

Qatar has pledged to deposit $2bn at the Egyptian Central Bank, after a meeting in Cairo on Saturday between President Mohamed Morsi and Qatar’s emir, Sheikh Hamad bin Khalifa Al Thani.  Egypt’s foreign reserves have declined dramatically since the popular

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New power source for Khanabad District of Kunduz

An Indian company implemented a project involving the installation of over 2,000 power pylons and 11 transformers in the Khanabad district of northern Kunduz province. About 30,000 families would benefit from this project. The project costs more than USD 3.5m

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Delay in reconstruction of historic sites in Ghazni

Local authorities find the completion of reconstruction of Ghazni’s historic monuments impossible. The province’s head of Information and Culture links the incompletion of the project to the delay in the beginning of the work. While Minister of Information and Culture

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Finance Minister's tearful plea for support

Diplomats filing into the conference room at Afghanistan’s finance ministry on Wednesday were expecting an update on accountability targets from the finance minister, instead, they were faced with Mr Zakhilwal’s personal plea for support in the corruption claims against him.

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Finance Minister’s tearful plea for support

Diplomats filing into the conference room at Afghanistan’s finance ministry on Wednesday were expecting an update on accountability targets from the finance minister, instead, they were faced with Mr Zakhilwal’s personal plea for support in the corruption claims against him.

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Will Afghanistan be able to fulfill its promises made at the Tokyo Conference?

Members of Afghan Parliament are skeptical of the government’s ability to meet the requirements for the receipt of the aid pledged by the international community at the Tokyo Conference on July 08. Minister of Finance and Minister of Foreign Affairs

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How to Hire Extraordinary Employees: 7 Rules

By Geoffrey James Want an amazing work force? Use these rules to define the talents and skills you need–then bring them in the door. There is simply no management task more important than hiring the right people. You don’t just

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Sanctions on Iran regime, brunt on ordinary Iranians

The sanctions imposed on Iran by the West, aimed at punishing the Iranian regime for not complying with international rules over nuclear programs, have resulted in putting the lives of many ordinary people in Iran in danger. Many people including

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Afghanistan’s Air Cargo Service

Afghanistan is now listed in the cargo services supplier countries, after Kam Air purchased two Boeing 747 airplanes. The two planes, costing USD 30 million, can carry 120 tons of goods. This facility is a great facilitator for Afghan exports

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China and Taiwan Sign Investment Protection Deal

China and Taiwan signed an investment protection pact aimed at strengthening cooperation ties between the two nations. The agreement will allow Taiwanese investors to grow more on the mainland. The two nations have a bilateral trade worth USD 110bn a

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Libor System to be overhauled

A review, headed by the managing director of the Financial Services Authority (FSA) Martin Wheatley, said that the Libor rate-setting system is not a feasible option. The Libor rate is a fundamental market rate set by the leading banks in

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Laghman residents in need of towns

Local authorities from Logar province have acknowledged that construction of residential buildings on agricultural lands is becoming widespread and measures have not been yet taken to prevent this from happening. “When we look at the two sides of the roads,

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Daikundi province of Afghanistan to have its largest food storage

Local authorities of Daikundi province announced the establishment of the largest food storage in the province. The storage, costing 20 million Afs, is funded by the Ministry of Agriculture and Livestock. The storage is built on one acre of land

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Does Afghanistan have the world’s slowest internet speed?

The Net Index Website ran a survey on the internet speed in 176 countries. Hong Kong was at the top of the list with 41.58 MG per second speed following by South Korea and Lithuania with 34.15 and 32.81 MB

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Germany catches Europe's crisis fever

Germany appeared to be safe from Europe’s debt crisis, due to the deep reforms undertaken years ago, however recent data suggests that Germany, too, is slowly giving in to the crisis fevers. Analysts believe it could even be falling back

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Germany catches Europe’s crisis fever

Germany appeared to be safe from Europe’s debt crisis, due to the deep reforms undertaken years ago, however recent data suggests that Germany, too, is slowly giving in to the crisis fevers. Analysts believe it could even be falling back

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China’s Double Whammy of Slowing Exports and Imports Growth

China’s exports rose by only 1% from a year earlier, down from 11.3% growth in June; meanwhile, imports rose by 4.7% compared with 6.3% in June. The sluggish exports growth indicates the slowing demand from the key global markets, highlighting

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Nikpah does it again for Afghanistan

Rohullah Nikpah has added to Afghanistan’s Olympic glory yet again, winning a Bronze medal  at the London Olympic Games. He defeated his British opponent, Martin Stamper, 5-3 in the men’s 68kg Taekwondo event on Thursday.  “It’s the second consecutive time

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Google fined over privacy violation

Google has agreed to pay $22.5m, the largest fine ever imposed on a single company by the US Federal Trade Commission, after violating the privacy of Apple’s Safari browser users. According to the FTC, in 2011 Google had agreed not

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