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Eurozone Crisis: ECB Unveils Bond Buying Plans

European Central Bank President Mario Draghi has announced that policy makers have agreed to an unlimited bond purchase program as they try to regain control of interest rates in the euro area. The announcement came after the ECB held its

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Qantas Forges a 10-year alliance with Emirates

Qantas Airways has agreed to form a 10-year alliance with Emirates, collaborating on pricing, sales and flight scheduling. Earlier this year, shares of Qantas Airways have hit a record low after the Australian flagship carrier forecast a drop of more

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India’s Kaushik Basu appointed as World Bank Chief Economist

Former economic adviser to the Indian government, Kaushik Basu is named the chief economist of the World Bank. Mr. Basu holds a doctorate from the London School of Economics and founded the Center for Development Economics at the Delhi School

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Denmark pledged USD 300 million to Afghanistan Ministry of Education

Minister of Education Ghulam Farooq Wardak inked a USD 300mn contract with Denmark on Wednesday. “A major portion of the aid money would be spent towards implementation of projects aimed at enhancing capacity at this ministry and strengthening and improving

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Disabled Women Employed in Bamyan Soap Factory

Bamyan soap factory, established three months ago by a non-governmental organization, employs disabled people, including women, to help them build their financial situations. According to the project manager Sirajuddin Salimi, 25 men and women were trained at the factory last

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Afghanistan Signs $125 million Grant with the World Bank to Increase Equitable Access to Quality Basic Education

A $125 million additional grant, to finance the on-going Education Quality Improvement Project (EQUIP) of the Government of Afghanistan, was signed today between the Ministry of Finance and the World Bank. The Grant financed out of the Afghanistan Reconstruction Trust

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South Korea's Growth Slower in Second Quarter

A fall in capital investment and a slowdown in exports have caused South Korea’s economy to grow at a slower pace than previously expected. Growth for the second quarter was 2.3 per cent, missing the central bank’s estimate of 2.4

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South Korea’s Growth Slower in Second Quarter

A fall in capital investment and a slowdown in exports have caused South Korea’s economy to grow at a slower pace than previously expected. Growth for the second quarter was 2.3 per cent, missing the central bank’s estimate of 2.4

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Six Day Work Week Suggested For Greece

In an email sent to the Greek Ministries of Finance and Labor, Greece’s international lenders have suggested that Greece should introduce a six day work week. Other proposals made by the Troika in exchange for the second bailout include reducing

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