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‘Ferrari of trains’ puts Italy on fast track

Privately-funded service set to offer luxurious high-speed travel between Milan and Naples. Ferrari president, Luca di Montezemolo, is an ambitious man. After all, he didn’t get to where he is now by sitting on his chair and sipping hot cocoa. A

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India-Pakistan border post opens for business

Historic checkpoint reopens to commercial traffic in bid to boost trade between antagonistic neighbours. For the first time since 2007, India and Pakistan are set to open a historic border crossing for commercial traffic passing between the two nations. The

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India-Pakistan border post opens for business

Historic checkpoint reopens to commercial traffic in bid to boost trade between antagonistic neighbours. For the first time since 2007, India and Pakistan are set to open a historic border crossing for commercial traffic passing between the two nations. The

Read More

India-Pakistan border post opens for business

Historic checkpoint reopens to commercial traffic in bid to boost trade between antagonistic neighbours. For the first time since 2007, India and Pakistan are set to open a historic border crossing for commercial traffic passing between the two nations. The

Read More

India-Pakistan border post opens for business

Historic checkpoint reopens to commercial traffic in bid to boost trade between antagonistic neighbours. For the first time since 2007, India and Pakistan are set to open a historic border crossing for commercial traffic passing between the two nations. The

Read More

US sues Apples for Colluding

Technology giant Apple and major book publishers are being sued by the US Department of Justice over the pricing of e-books. The US accuses Apple and Hachette, HarperCollins, Macmillan, Simon and Schuster and Penguin of colluding over the prices of

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Obama Renews Call for Higher Taxes on Millionaires

U.S. President Barack Obama on Tuesday renewed his call for Congress to pass the so-called “Buffett Rule,” which would raise income taxes on the wealthiest Americans. The president is highlighting his differences with leading Republican presidential hopeful Mitt Romney, in

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Japan's Sony to 'cut 10,000 jobs'

Sony Corporation has announced plans to cutting 10,000 jobs, about six per cent of its global workforce, according to media reports. The Nikkei newspaper said on Monday that half of the latest round of job cuts would come from consolidating the firm’s

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Japan’s Sony to ‘cut 10,000 jobs’

Sony Corporation has announced plans to cutting 10,000 jobs, about six per cent of its global workforce, according to media reports. The Nikkei newspaper said on Monday that half of the latest round of job cuts would come from consolidating the firm’s

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Facebook snaps up Instagram for $1bn

Facebook, the world’s largest social networking site, has announced it will buy smartphone photo-sharing company, Instagram, for $1bn, making it its largest acquisition ever. “This is an important milestone for Facebook because it’s the first time we’ve ever acquired a

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India and Qatar ink oil and gas pact amid Iran pressure

India and Qatar have signed a pact to increase cooperation in the field of oil and gas exploration. The deal comes as India looks for more sources of oil and gas to meet its growing energy demands. India has also

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David Cameron arrives in Japan for start of Asia tour

The prime minister has arrived in Tokyo, Japan, on the first stop of a visit to East and South East Asia aimed at encouraging trade deals with the UK. David Cameron is expected to agree a new defence deal with

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Fed chief Ben Bernanke says recovery not complete

US Federal Reserve Chairman Ben Bernanke has said the US economy is yet to fully recover from the impact of the global financial crisis. Mr Bernanke said that more regulatory action was needed to ensure the stability of the financial

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Brazil's Rousseff seeks US help with skills shortage

Science education and training are high on the agenda for Brazilian President Dilma Rousseff’s first official visit to the US, as her government seeks to tackle a growing problem: the lack of skilled workers in Brazil. The first time Lucas

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Brazil’s Rousseff seeks US help with skills shortage

Science education and training are high on the agenda for Brazilian President Dilma Rousseff’s first official visit to the US, as her government seeks to tackle a growing problem: the lack of skilled workers in Brazil. The first time Lucas

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Energy ambitions fuel Central Asian rivalry

Construction on new hydroelectric dam stirs Tajik-Uzbek tension in dispute over shared natural resources. Tajikistan has accused neighbouring Uzbekistan of imposing an economic blockade in a dispute over shared natural resources between the former Soviet states. This blockade includes ending

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Asia shares down as economy fears hurt global stocks

Asian shares have declined after fresh fears over the health of the US and European economies resulted in a sell-off in global markets. Japan’s Nikkei 225 index fell 0.5%, Hong Kong’s Hang Seng shed 1% and Australia’s ASX 200 was

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US economy Added Jobs Fewer than Expected in March

The US economy added 120,000 jobs during March, lower than estimates suggested, while the unemployment rate fell slightly to 8.2%. Analysts had predicted a fourth straight month with job growth of more than 200,000. President Barack Obama’s electoral prospects are

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Japan forces through its delayed $1.1tn budget for 2012

Japan’s government has forced through its 2012 budget, after it was stalled by a political battle over plans to double the national sales tax. The lower house of parliament approved the budget earlier this month. However, the upper house failed

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World Bank job should go to Okonjo-Iweala, say ex-staff

A group of former World Bank officials has written a letter backing Nigeria’s Finance Minister, Ngozi Okonjo-Iweala, to be its next president. Traditionally the post is given to the candidate put forward by the US, which this time is Dr

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Facebook challenger wants half-ownership

A US man who is continuing with a legal claim for half-ownership of Facebook will not be able to question the firm’s founder, Mark Zuckerberg, at this stage in the lawsuit, a judge has ruled. Paul Ceglia says he gave

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Suicides Rise as Greece Increases its Austerity Measures

Protesters have clashed with riot police in the Greek capital, Athens, hours after a pensioner shot himself dead outside parliament. The 77-year-old man killed himself in the city’s busy Syntagma Square on Wednesday morning. Greek media reported he had left

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China surpasses US as world's biggest grocery market

China has become the world’s largest market for food and grocery retail, surpassing the US, a study showed. The grocery sector in China was worth £607bn ($972bn) by the end of the 2011, showed research published by IGD. The US

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China surpasses US as world’s biggest grocery market

China has become the world’s largest market for food and grocery retail, surpassing the US, a study showed. The grocery sector in China was worth £607bn ($972bn) by the end of the 2011, showed research published by IGD. The US

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Spain's jobless level hits record 4.75 million

The number of Spanish jobseekers rose for the eighth month in a row in March to hit a record 4.75 million. The Labour Ministry said the number of people filing for unemployment benefits rose by 38,769 with the services sector

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