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1391 Budget Plan Should be More in Favor of Higher Education, urges Afghan Parliament

Many Parliamentary members recommended reducing the budget allocated for the president office but rather increasing the budget allocated for higher education. Today’s plenary meeting discussed the draft of law on structure and authorization of judicial organ and the 1391 budget

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Japan, China and S Korea edge towards free-trade deal

Japan, China and South Korea have moved closer to signing a trilateral investment agreement that could pave the way for a free-trade deal. If signed it would be the first economic agreement that is backed by law between three of

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McDonald's boss Jim Skinner to retire in June

Shares in McDonald’s are down 0.5% after the company said its chief executive, Jim Skinner, was retiring. Chief operating officer Don Thompson will take over in June, becoming the first African-American to run McDonald’s. Mr Thompson has been at the

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McDonald’s boss Jim Skinner to retire in June

Shares in McDonald’s are down 0.5% after the company said its chief executive, Jim Skinner, was retiring. Chief operating officer Don Thompson will take over in June, becoming the first African-American to run McDonald’s. Mr Thompson has been at the

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Outrage over report that India lost $210bn in coal scam

There was outrage in India’s parliament after a draft report by government auditors estimated India lost $210bn by selling coalfields too cheaply. Opposition politicians accused the government of “looting the country” by selling coalfields to companies without competitive bidding. Private

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Obama names surprise World Bank candidate Jim Yong Kim

President Obama has nominated Korean-born US academic Jim Yong Kim to be the next president of the World Bank. The nomination of the Dartmouth College president and development expert is a surprise as he was not mentioned as a contender

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World Bank candidates due as deadline approaches

The US is expected to announce its candidate for the next president of the World Bank as the deadline for nominations approaches. Some of the potential candidates mentioned have included former White House advisers Lawrence Summers and the Indian-born head

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‘Hangover Part III’ Is Coming Next Summer

Consider the competition slate for the Cannes Film Festival officially scrambled. Or, you know, maybe not: on Thursday, Warner Brothers announced that it was preparing a third installment in the “Hangover” series, its bawdy, billion-dollar grossing comedy franchise about three

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Rightsize military, World Bank asks Kabul

The World Bank (WB) has urged Afghanistan, which is preparing for a sustainable economy after 2014 when foreign troops are expected to withdraw, to prioritise national programmes and rightsize its military. The bank also urged foreign donors not only to

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Afghanistan to meet 40pc of fish demand

Fish-starved Afghanistan, confident of meeting 40 percent of its demand, is trying to be self-sufficient in the next decade, eventually slashing imports. The Ministry of Agriculture Irrigation and Livestock (MAIL) has rolled out a one-year plan to establish fish farms

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Economic Conference on Afghanistan to Boost Private Sector

More than 100 Afghan traders are expected to attend the 5th Regional Economic Co-operation Conference on Afghanistan, a potentially big boost to the country’s private sector, the Afghan Chamber of Commerce said Thursday. Khan Jan Alkozai, the deputy head of

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Afghanistan acts to curb flight of capital

Afghanistan has taken new steps to combat rampant capital flight after the central bank found that the amount of dollars flown out of Kabul doubled to $4.6bn last year. Afghan officials believe many of the brick-sized stacks of $100 bills

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A Step Towards Increasing Afghan Woman Participation in the Labor Market

The Ministry of Finance is partnering with The United States Agency for International Development (USAID) to implement and expand the Women in Government Internship Program. The program provides more opportunities to women to gain experience working with Afghan Government Organizations

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Afghan Jewelers Complain about High Taxes

Huge taxes and lack of market for locally made jewellery have left the industry struggling in the capital, Kabul-based traders complain. But the Ministry of Finance says jewellers are taxed in line with the relevant law. A decade ago, most

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Japan's Surprise Trade Surplus

Japan posted a surprise trade surplus in February, after a record high deficit the previous month, as external demand picked up. The surplus stood at 32.9bn yen ($394m; £248m), the Ministry of Finance said. In January the deficit came in

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Japan’s Surprise Trade Surplus

Japan posted a surprise trade surplus in February, after a record high deficit the previous month, as external demand picked up. The surplus stood at 32.9bn yen ($394m; £248m), the Ministry of Finance said. In January the deficit came in

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India market in Calcutta gutted in a fire

A massive fire has swept through one of the oldest markets in the eastern Indian city of Calcutta, destroying the majority of the shops. No casualties have been reported in the blaze at the Hatibagan market, which broke out early

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De Niro apologizes for first lady joke

Actor Robert De Niro has apologized for a joke with racial overtones he made at a New York fundraiser for President Barack Obama’s re-election campaign. “Callista Gingrich. Karen Santorum. Ann Romney,” The Hollywood Reporter quoted De Niro as saying during

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Will Saif hit a ton?

The ‘100 cr Club’, a terminology coined by this writer, is on the mind of every single actor today. Those who achieve the distinction want to go beyond what they have accomplished. Those who haven’t, yearn zealously that their next

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Oil Price Spike—a Threat to the Global Economic Recovery

Analysts and policymakers are worried as oil price has gone up by 15% in 2012. The two main factors behind this are the unrest in the Middle East and the sanctions imposed against Iran. Christine Lagarde, managing director of the

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US exempts Japan and EU nations from Iran oil sanctions

The US government will not impose sanctions on Japan and 10 European Union nations that have reduced their oil imports from Iran. Ordered by Congress in December, the sanctions aim to punish countries that continue to buy oil from Iran.

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Afghanistan corruption 'could see UK cut off security funds'

Britain could withdraw funding for Afghanistan’s security forces if the Afghan government fails to tackle the country’s huge corruption problems, the outgoing British ambassador to Kabul has warned in a valedictory interview with the Guardian. When foreign combat troops leave

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Afghanistan corruption ‘could see UK cut off security funds’

Britain could withdraw funding for Afghanistan’s security forces if the Afghan government fails to tackle the country’s huge corruption problems, the outgoing British ambassador to Kabul has warned in a valedictory interview with the Guardian. When foreign combat troops leave

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China rail audit reveals millions lost on fraud

Millions of dollars have been embezzled from the Beijing-Shanghai high-speed rail link project, China’s state news agency Xinhua reports. Audit officials said that 491m yuan (£49m: $77.8m) was lost due to “irregular practises in the construction and management”. That money

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Foreign troop withdrawal, fear about impact of Afghan economy

President Obama’s announcement of troop withdrawal in 2014 has given rise to grave concerns about the future of the Afghan economy. Afghan and American officials fear that the pull back of American and other foreign forces will send the already

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