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Panasonic projects USD 9.6bn loss

Faced with falling sales and reconstructing expenses, Panasonic has forecast a net loss of USD 9.6bn The firm has been trying to restructure its business and said costs relating to that were expected to be almost 11 times more than

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Barclays hit by new probes

UK bank Barclays has been subject to two new regulatory probes from the US authorities. The first probe is from the US Department Justice and the Securities and Exchange Commission, who are looking into how Barclays won its business and

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Katrina Kaif’s sister and Anil Kapoor’s son to co-star in short film

(NDTV)-There have reports about Katrina Kaif’s younger sister Isabella making her bollywood debut soon and it looks like the youngster will apparently feature opposite Harsh Kapoor (son of Anil Kapoor) in a crossover short film. The film directed by Steven

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Iran’s exports to Afghanistan reduced by 56%

With the reducing amount of trade between Afghanistan and Iran, Afghanistan Chamber of Commerce and Industries (ACCI) said they are looking for alternative ways. The international sanctions on Iran and the limitation of money transfer from Afghanistan to Iran to

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All properties of Kabul Bank must be sold in one month- President Hamid Karzai

President Hamid Karzai has assigned the Kabul Bank’s Receivership Department to sell all assets of Kabul Bank within a month. A meeting, chaired by President Karzai, was held yesterday to examine the progress and attainment of Kabul Bank loans. The

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Copper extraction in Sar-e-Pul to begin soon

Mines Ministry officials said the bidding process for copper extraction in Balkhab district of Sar-e-Pul province is completed and the winning extraction company is to be announced soon. The extraction work is expected to start next year. According to the

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US increases loads on planes to save money

Kabul (Agencies)-A U.S. Air Force C-17 crew member collects straps that restrained 40 bundles the plane air-dropped to a remote Afghanistan outpost. The service is working to save money on airlift, but “the need to move quickly” in the best

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NSP launches infra projects in Kunduz

Completed under the National Solidarity Program (NSP), seventeen infrastructure projects are inaugurated in the northern province of Kunduz. The projects include graveling of 3.5km road, 40 wells equipped with hand pumps, construction of 43 small bridges, seven community centers, extension

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Boost in Nangarhar Revenue

Officials from the customs department in Nangarhar province have reported that Nangarhar experiences a 20% increase in the state revenue from last year. The increase in revenue is linked to the decline in corruption in the government offices and also

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Saudi Arabia to build Islamic Center in Kabul

Saudia Arabia signed the contract of building a grandeur Islamic center on a hilltop in central Kabul. The center, including a university and a mosque, will be named after Saudi King Abdullah bin Abdulaziz. Estimated to cost up to USD

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Daikundi province in dire need for humanitarian aid before the arrival of winter

Food crisis is most likely to loom over the central Daikundi province, as food production has drastically declined this year due to severe weather conditions. The chilling weather in spring and the drought in the summer have caused wheat production

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Nangarhar women demand for traditional bangles dwindling

Afghan women in eastern Nangarhar province are moving away from the traditional red and green colored bangles to buying silver and golden bracelets. Local traders link this shunning of traditional bangles to the influence by the characters in Indian soap

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Paktika farmers call on government for saffron cultivation training

Paktika farmers want to switch to growing saffron as the best alternative to the illicit crop, poppy. The farmers are seeking the Ministry of Agriculture, Irrigation and Livestock to provide saffron seeds and training programs for them. The province offers

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First High Economic Council Meeting Held

The first meeting of the High Economic Council meeting was hosted by President Hamid Karzai on Wednesday. President Karzai set up a High Economic Council, led up by the president himself, to boost the country’s economy. Members include the Ministers

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Apple forced to publish an apology to Samsung over iPad design wrangle

The UK High Court ruled on a dispute between the two smartphone giants, Apple and Samsung, and forced the former to publish a statement in which Apple admits that Samsung has not infringed its designs. The statement from Apple is

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South Korea’s economy hurt amid global economic slow down

South Korea’s economic growth dropped from 2.3% in the previous quarter to 1.6% in the July to September quarter. The declining growth rate is mainly due to the country’s exports, which account for nearly half of its economic output. The

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US economy grows at a rate of 2%

The US economy expanded at an annualized rate of 2% in the third quarter, the Commerce Department said. The growth is partly due to an increase in the government spending: Federal government expenditures and gross investment increased 9.6% compared with

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Illegal transfer of gas to Pakistan from Afghanistan

Afghan Ministry of Commerce and Industries called on the national security agencies to prevent the illegal transfer of gas to Pakistan. According to the ministry officials, gas is imported from several countries to Afghanistan to meet the demands; however, it

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Protecting Afghanistan’s environment and tourism future

If the high mountain lakes of Band-e Amir were not in a country in its fourth decade of war they would be world famous. Outsiders lucky enough to see them today are often lost for words when they first set

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British MPs question the aid budget to Afghanistan

The committee of MPs scrutinizing the budget of the Department for International Development (Dfid) said that the annual 178 million Euros is being wasted. Dfid has been allocating the above mentioned sum for bolstering the Afghan government. The committee, however,

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Kunar’s timber smuggling network scuttled

Officials from the intelligence department have managed to foil a timber smuggling network that had been active in recent months in eastern Kunar province. According to the provincial council head Mia Hassan Adel, security officials were also involved in the

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Iran turning to Central Asia for markets

Iran’s President Mahmoud Ahmadinejad is not missing a single opportunity to talk about growing trade ties with Central Asia At one gathering in Azerbaijan, he reminded the president of Kazakhstan about the vision of a railway linking the heart of

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Inauguration of grapes exhibition in Herat

A permanent grapes exhibition is opened at the research farm in Urdukhan District of Herat. Built by the Provincial Reconstruction Team of Italy in Herat, the project cost USD 60,000. Speaking at the inauguration ceremony, Herat’s Governor Dr. Daud Shah

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Afghanistan ministry of education to build houses for teachers

According to the officials from the Ministry of Education, a contract has been signed to build a residential apartment for nearly a thousand destitute teachers in Kabul. Education Deputy Minister Mohammad Sidiq Patman signed the contract on Wednesday with Ikramudin

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Iran must expedite work on the Herat-Khwaf railroad

Governor of Herat, Daud Shah Saba, requested the advisor to Speaker Iranian Parliament, Hussain Shiekh-ul-Salam to expedite work on the Herat-Khwaf railroad. The governor underlined the importance of the project on the sidelines the “Decade of Change” conference. He called

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