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Why Fiscal Cliff Deal Fails To Neutralize Debt Ceiling Hostage

What is Fiscal Cliff Deal? The term fiscal cliff has been used at various occasions in the past to refer to fiscal issues. It is already known to the public that Congress created the fiscal mess that it is currently squabbling over. Furthermore, it is quite surprising to see it

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More Companies Are Buying Cyber Insurance

With stories about data breaches, lawsuits, and hacking attacks fast becoming a staple in the daily news cycle, it is fascinating to see how companies are responding to cyber and privacy risks in the real world. Marsh just released a

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Japan wants to become a part of the TPP free trade talks

Japan wants to join the talks on the Trans-Pacific Partnership (TPP) with the hope it would help revive the Japanese economy. The TPP is a trade agreement currently being negotiated among 11 countries: Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico,

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The Samsung Galaxy S4 Is Completely Amazing and Utterly Boring

Did you see Samsung’s theater of the absurd yesterday? No? Good for you. It unleashed a pale imitation of a Broadway show to roll out its amazing new flagship, the Galaxy S4. There’s a reason Samsung felt the need to

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EU unveils new air passenger rights

New rights for airline passengers have been unveiled by the European Commission. They include rerouting travelers with rival carriers if a flight is delayed for more than 12 hours. The rules also clarify what are considered exceptional circumstances for compensation.

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Pakistan, Iran to begin construction of the gas pipeline in March

Pakistan and Iran have agreed to proceed with their agreement on the construction of the Pak-Iran gas pipeline project. The inauguration ceremony of the project would be performed on March 11 in Iran’s city of Chahbahar by President Zardari. The

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EU-US trade deal to boost economic growth

In their recent trade deal talks, the US and the EU recently agreed on a free-trade agreement that is expected to boost their economics and generate hundreds of thousands of jobs. Suffering from an economic slowdown, the trade agreement is

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Spending cut debate casts pall over Obama's second-term agenda

Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda. The failure

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Spending cut debate casts pall over Obama’s second-term agenda

Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda. The failure

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Japan’s deflation on the rise

Japan has reported a fall in consumer prices for a third consecutive month, falling 0.2% in January from a year earlier. The figures do not include food items. Japan has been battling deflation, which has posed challenges to policymakers who

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Samsung loses Japan iPhone battle but gains help of ex-judge

BBC News-Samsung has failed to secure a iPhone ban in Japan in its latest patent fight with Apple. The Galaxy smartphone maker had claimed Apple had infringed the rights to one of its 3G technologies. The South Korean firm has

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Japan to sell shares to Japan Tobacco Company

In a bid to raise funds for the reconstruction of the devastated areas of Japan post the 2011 earthquake and tsunami, Japanese government has decided to sell a third of its stake in Japan Tobacco. Japan Tobacco is the third

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North Korea plans to launch 3G data service

North Korea’s Koryolink is planning to launch a 3G data service for foreign visitors and residents from overseas. The country’s citizens will not be able to use the service, according to reports. The government allowed foreign visitors to bring their

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David Cameron urges India to open up to British business

David Cameron has urged the Indian government to cut “regulation and red tape” in a bid to encourage more trade and investment involving UK businesses. The prime minister said India “can be a difficult country to do business in” but

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State of the Union: Obama pledges to reignite economy

President Barack Obama has urged Congress to back government action to revive the sluggish US economy, in his annual State of the Union speech. The Democratic president promised “smarter” rather than bigger government for “the many, and not just the

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Venezuela undertakes currency devaluation

Venezuela undervalued its currency by re-pegging the bolivar to a value of 6.3 per USD from it sprevious official exchange rate of 4.3 bolivars per dollars. This comes as the country is experiencing a shortage of US dollars. Bloomberg’s Corina Pons & Nathan

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Australia’s mining tax revenue falls short of expectations

The controversial Mineral Resource Rent Tax (MRRT) imposed on mining companies did not generate the level of revenue expected by the Australian company. The government said it collected A$ 126mn in the six months since it was implemented on 01

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India lowers economic growth forecast to 5%

India’s central bank has cut economic growth forecast to 5%, as the country is struggling with reviving its sluggish economy. This is the second cut in two weeks. Last week, the central bank had cut its forecast from 5.8% to

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Apples sued for cash pile

Influential investor in Apple and head of hedge fund Greenlight Capital, David Einhorn, has file d a law suit against Apple for piling USD 137bn worth of cash, in a bid to unlock the pile and share out the cash

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China promises to increase minimum wage

China has announced to raise its minimum wage, in a bit to tackle the widening rich-poor divide in the population. The country has enjoyed robust expansion in its economy in the past decade and has seen income levels rise, especially

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Why the Government Is Suing Standard & Poor's

By Rick Newman-As a legal drama, it has gone on way longer than most people’s attention span can tolerate. But the plot continues to thicken in the quest for villains responsible for the 2008 financial meltdown. The Obama administration and

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Why the Government Is Suing Standard & Poor’s

By Rick Newman-As a legal drama, it has gone on way longer than most people’s attention span can tolerate. But the plot continues to thicken in the quest for villains responsible for the 2008 financial meltdown. The Obama administration and

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India loses its tag as the second fastest-growing economy

The International Monetary Fund-IMF has forecasted the economic growth of India at 4.5% in 2012, much less than the big guns of ASEAN such as Indonesia and the Philippines and even Bangladesh. India, who has always been a tough competitor

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India to end euro payments for Iranian imports this week

The Economic Times-India will this week end an 18- month old arrangement of paying for Iranian crude oil imports through a Turkish bank as a new set of US sanctions against the Islamic nation comes into force from February 6.

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Iran’s rial plummeted to an all-time low against the US dollar

The devaluation of the Iranian currency, rial, hits its lowest against the dollar, registering a 21% drop in a span of two weeks. The rial was traded at between 39,000 and 40,000 per dollar on the open market on Saturday,

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