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Samsung Galaxy S3 smartphone unveiled

Samsung has unveiled its latest flagship smartphone – the Galaxy S3. The handset has a 4.8 inch (12.2cm) screen, an increase on the 4.3 inch screen of its predecessor. The device is perceived to be critical to how people view

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13 govt officials held on fraud charges

The Attorney General Office (AGO) has detained 13 employees of the Ministry of Finance and Independent Directorate of Local Governance (IDLG) on charges of embezzling 25 millions afs. The employees, including three directors, were arrested on Saturday morning in Kabul,

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Greek socialist leader Venizelos warns of 'mass poverty'

The leader of Greece’s Pasok party Evangelos Venizelos has said Greece faces a choice between austerity and “mass poverty” in elections on Sunday. “On Sunday, our people’s fate is at stake,” Mr Venizelos told the closing rally of his campaign

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Greek socialist leader Venizelos warns of ‘mass poverty’

The leader of Greece’s Pasok party Evangelos Venizelos has said Greece faces a choice between austerity and “mass poverty” in elections on Sunday. “On Sunday, our people’s fate is at stake,” Mr Venizelos told the closing rally of his campaign

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Facebook pushes record-breaking IPO

Social networking site Facebook is tipped to be worth as much as $95bn as it goes public. The world’s largest online social network has more than 900 million users [EPA] Facebook, the company that turned the social Web into a cultural

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Gold prices up, food stable in Kabul

Prices of gold edged up during the outgoing week in Kabul, while other consumer products’ rates remained stable, retailers said on Thursday. Abdul Baseer, a jeweller in the Lycce-i-Maryam neighbourhood, told Pajhwok Afghan News the price of one gram of

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Third brother arrested in Hong Kong corruption probe

A third member of Hong Kong’s billionaire Kwok family has been arrested as part of a high-profile corruption investigation in the city. Sun Hung Kai Properties said that Walter Kwok had been arrested by Hong Kong’s Independent Commission Against Corruption

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Alfred Marshall

Alfred Marshall was the dominant figure in British economics (itself dominant in world economics) from about 1890 until his death in 1924. His specialty was microeconomics—the study of individual markets and industries, as opposed to the study of the whole

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Eurozone private sector 'contracts sharply'

The eurozone’s private sector contracted sharply in April and by more than initially thought, a survey says. The Markit eurozone composite purchasing managers’ index (PMI) fell to 46.7 in April from March’s 49.2. Any figure below 50 suggests contraction. This

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Eurozone private sector ‘contracts sharply’

The eurozone’s private sector contracted sharply in April and by more than initially thought, a survey says. The Markit eurozone composite purchasing managers’ index (PMI) fell to 46.7 in April from March’s 49.2. Any figure below 50 suggests contraction. This

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Nato Troop Withdrawal Impacting Foreign Direct Investment: AISA

The complete withdrawal of foreign troops from Afghanistan, slated for 2014, is negatively impacting foreign investment in the country, according to the Afghanistan Investment Support Agency (AISA). AISA Investment Promotion Director Rohullah Ahmadzai said the agency has noticed a decline

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Sonakshi comfortable with older actors!

Sonakshi had recently admitted that she prefers working with older men in the industry and that she is more comfortable with them. Even since she made such a confession, younger actors in Bollywood do not want to be paired with

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Reliance on aid seen as challenge to media

A lack of financial resources and subsequent reliance on foreign assistance have a negative impact on activities of media outlets and civil society groups in the country, participants of a discussion said on Thursday. This week’s radio and TV programme,

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Eurozone jobless rate hits record high

Unemployment in the eurozone reached a record high again in March as spending cuts continued to hit the working population. For all 17 nations in the Eurozone, the jobless rate rose again to 10.9%, the highest since the euro was

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Etisalat launches online SIM card registration facility

The Etisalat private telecommunication company on Wednesday launched an online SIM card registration programme to prevent fraud and forgery. Previously, SIM cards were registered on papers — a time-consuming process that involved the risk of forgery and fraud. But from

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Workers around the world mark May Day

Tens of thousands of people take to the streets across the globe, protesting against job cuts and austerity measures. Tens of thousands of people have descended on streets across the world to mark International Workers’ Day. Colourful protests organised by

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Eftikhar takes over as new AISA chief

The newly-appointed Afghanistan Investment Support Agency (AISA) chief said he would introduce tax exemptions to help strengthen the industrial sector. Wafiullah Eftikhar, who was appointed by President Hamid Karzai on the advice of AISA’s High Commission of Investment, pledged to

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Geithner: U.S. can withstand any Europe stresses

U.S. Treasury Secretary Timothy Geithner said on Friday that if Europe mismanages its crisis it could slow U.S. growth but said the U.S. financial system could handle any resulting pressures. “The U.S. financial system is in a very strong position

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U.S. small business hiring takes step back in April

U.S. small business hiring slowed considerably in the April and employees saw a reduction in their hours, an independent survey showed on Monday, adding to signs of weakening in labor market conditions. Businesses added 40,000 new jobs, a step back from the

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Copper extraction from Ainak mine to start next year

The process of digging historic relics at eight sites around the world’s largest copper mine in central Logar province is nearing completion and extraction work would be launched next year, a minister said on Monday. Discovered in 1974, the Ainak

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China Eastern Airlines says to buy 20 Boeing aircraft

China Eastern Airlines Corp Ltd (0670.HK) said on Monday it has agreed to buy 20 new Boeing B777-300ER aircraft from Boeing Co (BA.N), valued at $5.94 billion based on the 2011 price catalog. In a filing to the Hong Kong bourse,

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Afghanistan's First Space Satellite

The Council of Ministers last week approved the launch of Afghanistan’s first ever space satellite and sent expressions of interest to many international companies to attract funding. By launching a space satellite, Afghanistan will step into the realm of the

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Afghanistan’s First Space Satellite

The Council of Ministers last week approved the launch of Afghanistan’s first ever space satellite and sent expressions of interest to many international companies to attract funding. By launching a space satellite, Afghanistan will step into the realm of the

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China 'offers South Sudan $8bn for projects'

Beijing to supply development funds for projects such as hydropower and roads, South Sudan information minister says. China has offered South Sudan $8bn in development funds for road, hydropower, infrastructure and agriculture projects, South Sudan’s information minister has said. The loan came after

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China ‘offers South Sudan $8bn for projects’

Beijing to supply development funds for projects such as hydropower and roads, South Sudan information minister says. China has offered South Sudan $8bn in development funds for road, hydropower, infrastructure and agriculture projects, South Sudan’s information minister has said. The loan came after

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