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Samsung overtakes Nokia in mobile phone shipments

Samsung Electronics has overtaken Nokia to become the world’s largest maker of mobile phones, according to research firm Strategy Analytics. Nokia took the top spot in 1998 from Motorola, but in the first quarter of 2012 Samsung shipped 93m phones

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KFC must pay $8.3m to poisoned girl in Australia

Fast-food giant KFC has been ordered to pay $8.3m (£5.1m) to the family of an Australian girl left severely brain damaged after being poisoned by a chicken meal. Monika Samaan fell ill with salmonella poisoning after eating a “Twister” wrap

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World Bank Commits to Sustained Engagement in Afghanistan

WASHINGTON, DC, April 26, 2012 — The World Bank’s Board of Directors today discussed its Interim Strategy Note (ISN) for the Islamic Republic of Afghanistan which provides a sustained commitment and vision to the country’s development through the period of transition

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Growth in the US economy falls back in first quarter

US economic growth slowed to an annualised pace of 2.2% in the first quarter of the year, from 3% in the final three months of last year. The figure was below economists’ estimates of 2.5% and is equivalent to quarter-on-quarter growth

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Indian actress Zohra Sehgal turns 100

Tributes have been paid to celebrated Indian actress Zohra Sehgal who is marking her 100th birthday. In a career spanning more than seven decades, Sehgal has entertained millions of people through her performances in films and on stage. She began

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Honda profit recovers from floods

Japan’s Honda Motor has reported a 61% jump in first quarter profits, as car and motorcycle sales recovered from a year of disasters. Net income for the January to March period was 71.5bn yen ($883m; £547m) up from 44.5bn yen

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Spain unemployment hits record high

Government announces jobless rate of 24.4 per cent in first quarter, as country’s debt rating is cut by two notches. New figures show that Spanish unemployment has hit record levels, with nearly one quarter of the labour force unable to find

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Decline and Stagnation: Why Rural Afghans are Staying Poor

Despite the influx of millions of foreign aid, rural communities across large parts of Afghanistan are getting poorer. A recent study by the Afghanistan Research and Evaluation Unit has investigated the factors that have crippled the situation in rural areas

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A Young Afghan Reaching Out to Those in Need

Project Amina is a project specifically designed to provide help for the distressed women and children in Afghanistan, especially widows and orphans. This project ensures the distribution of goods, such as food, blankets and clothing, to those in need. Project

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Arjun Rampal, the new cop!

The newest addition to the cop league is the very handsome Arjun Rampal. The actor will sport a well cultivated mustache in Prakash Jha’s Chakravyuh. He will be seen playing a cop for the first time. Confirming the news, Rampal

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Flood fury in north Afghanistan

Massive floods, triggered by heavy rainfall, ravaged northern and northeastern Afghanistan, washing away thousands of acres of agricultural land and dozens of houses. Five irrigation canals, as many power dams, a water reservoir and road were damaged by floodwaters in

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Should job-hogging over-50s all resign?

Too few jobs. Rising unemployment, especially for young people. Here’s a radical solution, says commentator on office and workplace life, Lucy Kellaway of the Financial Times (born 1959). Wasting time on the internet recently I came upon a nasty statistic.

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Bank of Japan announces fresh stimulus to boost growth

The Bank of Japan (BOJ) has increased its stimulus programme for the second time in just over two months in a bid boost the country’s economic growth. The central bank said it would expand its purchase of Japanese government bonds

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Argentine senate set to approve YPF takeover

The 72 member house expected to support plans to re-nationalise the country’s biggest oil company. Argentina’s senate was set to approve the expropriation of the country’s biggest oil company on Wednesday, underscoring broad domestic support that has sparked outrage among

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Afghan fruit exporters face problems in Pakistan

Afghan farmers are being forced into selling their fresh fruits on lower rates due to the non-implementation of Afghanistan-Pakistan Transit Trade Agreement (APTTA), a trader representative said on Wednesday. ATTPA which replaces a 1965 transit trade agreement between the two neighbouring

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UK data shows double-dip recession

Figures shows economy contracted by 0.2 per cent in first quarter of 2012, piling pressure on government. The UK economy has slid into its second recession since the world financial crisis first hit, with new official data indicating a fall in

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Shahid Kapoor files complaint against Raj Kumar’s stalker daughter

She has been scaling his building wall, sits on the bonnet of his car blocking his way, calls herself his wife… and now Shahid Kapoor has had enough. After nine months of being stalked by a girl, Shahid finally filed

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Cash flight out of Afghanistan

Will the country’s economy collapse as billions in aid money leave the country along with international security forces? There is a lot of concern about security in Afghanistan as international forces look to a 2014 drawdown. But few have given

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EU officials to propose 6.8% budget increase for 2013

Officials from the European Commission are due to outline proposals on Wednesday for a 6.8% rise in the EU’s budget for 2013. T–he proposals will be a starting point for negotiations with the EU’s 27 member states. Some EU members,

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Australian inflation slows giving rate cut hopes a lift

Australian inflation has slowed more quickly than expected, boosting optimism of a rate cut next month. Consumer prices rose by 0.1% in the first three months of the year compared with the previous quarter, the statistical office said. The annual

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Two major South Korean retailers halt sales of US beef

Two of South Korea’s biggest retailers have halted sales of US beef after the discovery of a case of “mad cow” disease in the US. Lotte Mart and Home Plus have temporarily suspended sales at their stores after a dairy

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Facebook sees slide in revenue ahead of IPO

First quarter net income falls frpm $233m to $205m from a year earlier, just weeks ahead of US company’s expected IPO Social networking giant Facebook has reported its first quarter-to-quarter revenue slide in at least two years, in a sign

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Threefold cut in internet price in a year

Ministry of Communications and Information Technology (MCIT) officials on Tuesday said there has been a three-fold decrease in the price of internet over the past one year, with the rate of one Megabyte (MB) reducing from $900 (44,883.0 afghanis) to

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Box-office: Housefull 2 crosses 100 crore mark, Vicky Donor & Hate Story average

MUMBAI: John Abraham’s Vicky Donor starring Ayushmann Khurrana and Yami Gupta, as well as Vikram Bhatt’s Hate Story starring Paoli Dam, Nikhil Dwivedi, and Gulshan Devaiya had an average opening on Friday. Vicky Donor had a three day total in

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US, Afghanistan Agree On Strategic Agreement With Possible $2 Billion Per Year Payout

AFGHANISTAN – Today, Afghanistan and the United States have finalized a strategic partnership agreement outlining their relationship following the 2014 withdrawal of Western combat troops in the country. A statement from Afghan President Hamid Karzai’s office says the deal was

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