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Transition of Power from Industrialized to Emerging Economies?!

KPMG’s Global Cities Investment Monitor reveals the top cities in the world for foreign investment. London leads the list for attracting investment in property and infrastructure projects, such as Crossrail. The report reflects on the rise of emerging economies. China

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Spanish Village to Raise Funds with Marijuana

Our old friend Greece is the headline of any business news site reporting about its debt issue. While Greece is on the verge of receiving another bailout package to fight its debt crisis, we hear a new solution to the

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Greece averts immediate default with bond deal

Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new international bailout.

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US, EU, Japan challenge China on trade

The European Union, United States and Japan formally asked the World Trade Organization on Tuesday to settle a dispute with China over Beijing’s restriction on exports of raw materials, including rare earth elements critical to electronics makers. The dispute is

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Tajikistan: Opposition Slams Energy Tariff Increase

Many Tajiks will consider it a gut punch: At the end of another winter of power shortages, the impoverished country’s state electricity company has said it will raise prices 20 percent. The announcement came as authorities further restricted electricity supplies

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Is the Sustainability of China’s Growth Guaranteed?

China is seeing a 10% growth on average for the past 3 decades and is believed to become the world’s largest exporter and manufacturer. China moved from a state controlled economy to a more liberal economy in 1978 by encouraging

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Developing Countries to the Rescue of the Eurozone

Brazillian Finance Minister Guido Mantega said that developing nation would be willing to provide more money to ease the eurozone’s debt crisis, in return for more power within the International Monetary Fund. Minister Guido Mantega made this statement at a

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Apple investors win greater say over board of directors

Apple shareholders are to be given a greater say in selecting the firm’s board of directors. It comes after the company agreed to change its governance rules. In future directors will have to win the backing of the majority of

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Japan’s Trade Deficit Surging in the First Quarter

Japan’s trade deficit hit its highest in January with exports dipping 9.3% from a year earlier, while imports rising 9.8%. There are number factors that resulted in such a high trade deficit in Japan. The nuclear impact is certainly the

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“The Elephant in the Region”

SOUTH ASIA is about the least integrated part of the world. Neighbours supply just 0.5% of India’s imports, and consume less than 4% of its exports. India and Pakistan, mutually antagonistic, account for a fifth of all living humans, yet

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"The Elephant in the Region"

SOUTH ASIA is about the least integrated part of the world. Neighbours supply just 0.5% of India’s imports, and consume less than 4% of its exports. India and Pakistan, mutually antagonistic, account for a fifth of all living humans, yet

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Sales tax increase approved by Japan's cabinet

The Japanese cabinet has passed a plan to double sales taxes in an attempt to control the soaring costs of public debts. The plan, which needs parliament’s approval, will see taxes raised from the current 5% to 8% in April

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Sales tax increase approved by Japan’s cabinet

The Japanese cabinet has passed a plan to double sales taxes in an attempt to control the soaring costs of public debts. The plan, which needs parliament’s approval, will see taxes raised from the current 5% to 8% in April

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US Congress backs payroll tax cut

The US Congress has voted in favour of extending a payroll tax cut until the end of 2012, ending months of debate. The bill now moves on to President Barack Obama, who has promised to sign it into law. The

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Fake US bonds worth trillions seized

The BBC’s Alan Johnson: “Their ambitions were on an international scale” Italian prosecutors say they have broken up an organised crime ring that was hiding trillions of dollars of fake US bonds. Worth $6 trillion, the bonds were found in

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UK and France sign nuclear energy agreement

The UK has signed a deal with France to strengthen co-operation in the development of civil nuclear energy. The government said it reiterated the UK’s commitment to nuclear energy “as part of a diversified energy mix”. The coalition said the

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