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Turkmenistan Will Deliver Gas to Afghanistan for 30 Years

Turkmenistan will sell gas to Afghanistan for the 30 years following the construction of its trans-Afghanistan gas pipeline to India and Pakistan, Afghan Minister of Mines, Wahidullah Shahrani, said Wednesday. Shahrani, who recently returned from Turkmenistan, said Turkmen President, Gurbanguly

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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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Finance ministry rules out more changes to budget

A finance ministry official said on Monday the rejection of the proposed annual budget by the Wolesi Jirgafor a second time amounted to a betrayal of the nation. Parliamentarians have refused to approve the budget for the current year by

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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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Indian steel companies including SAIL forge ties with Afghanistan

Steel minister Beni Prasad Verma is headed to Kabul to sign a memorandum of understanding, as part of India’s growing economic engagement with Afghanistan. Verma will be accompanied by the heads of the ministry’s two star PSUs – SAIL and NMDC. The two PSUs are part

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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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Afghan Businessman Built a Mosque, School and Public Park

An Afghan businessman named Haji Amin from Parwan province established an Islamic school, a mosque and a public park in Charikar, central city of Parwan province. The total value of the properties is worth more than USD 4 million. According

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300 Female Students from Eastern Afghanistan Complete Business Training

Today some 300 young women from high schools in Jalalabad, Mehtarlam and Asadabad received certificates after completing the Taraqi Saba, or “Development for Tomorrow,” business training course arranged by the United States Agency for International Development’s (USAID) Incentives Driving Economic

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7 Afghan goods containers missing in Pakistan

Seven Afghanistan-bound containers carrying commercial goods of traders have been missing over the past few weeks in Pakistan, resulting in a 60 percent cut in imports through the neighbouring country, a trader representative said on Saturday. The 45-day-old issue had

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Key meeting on gas pipeline project in late May

The Afghan minister of mines has held talks with senior officials in Ashgabat on a gas pipeline running from Turkmenistan through Afghanistan to Pakistan and India, a spokesman for the ministry in Kabul said on Friday. A feasibility study for

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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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Amitabh Bachchan was ruined by politics: Kader Khan

As far as actor Kader Khan is concerned, the Amitabh Bachchan that he knew is no longer the same. Kader Khan, whose dialogues in Bachchan-starrers like ‘Satte Pe Satta’, ‘Naseeb’, ‘Muqadder Ka Sikander’ have been lauded by one and all,

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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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Increase in Oil/Gas Revenue in Baghlan

Management officials of oil and gas in Baghlan province has reported an increase of 21% in the revenues generated from oil and gas. According to Mohammad Karim Shaheen, collection of commission from oil and gas and the rents received from

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Review: ‘Titanic 3D’ – a phoenix that rises to startle, to amaze!

Once you walk out of the theatre after watching ‘Titanic 3D’, your mind can hardly register the happenings around you. Such is the charm of ‘Titanic’, and such is the work of art that James Cameron has breathed fresh life

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Afghan Film for Best Short Film Documentary

Afghan film “Shab Khaki” (Dusty Night) won the short documentary film prize at the 34th international film festival Cinema du Reel, and received a special mention for a second award. The film, produced by Afghanistan filmmaker Ali Hazara, is a

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Qaraqul (Embroidered Sheepskin) Export Rises

Ministry of Agriculture, Irrigation and Livestock (MAIL) officials said on Thursday revenue from the export of qaraqul skin (embroidered sheepskin) considerably increased last Afghan year. Last year, 320,000 skins were exported, compared to previous year’s 24,000, Deputy MAIL Minister Rahim

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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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