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Iraqi occupation costs high for US
17 Mar 2013 17:23

Iraqi occupation costs high for US

The occupation in Iraq cost 797 billion USD for the United States.The report prepared by private investigator Stuart Bowen, who examined the US expenses spent for reconstruction of Iraq after the war, showed that the cost of the occupation was 797 billion USD.However, according to Market Watch web-site,...

 
Japan offers financial aid to African nations
17 Mar 2013 17:18

Japan offers financial aid to African nations

Japan has pledged to provide conflict-stricken countries in Africa with about 550 million dollars to help bring peace and stability to the continent.Japanese Foreign Minister Kishida made the pledge in a meeting with ministers from about 50 African nations in Addis Ababa, Ethiopia on Saturday.The 550-...

 
Panasonic plans to sell health care business
17 Mar 2013 17:14

Panasonic plans to sell health care business

Japan's Panasonic Corp is planning to sell its healthcare business for about 100 billion yen ($1.05 billion) to raise cash as the consumer electronics maker fights to end losses with flat-panel televisions, Kyodo news agency reported on Sunday.Panasonic is considering selling the profitable healthcare ...

 
82% of university grads nab job offers
16 Mar 2013 18:15

82% of university grads nab job offers

Among job-seeking university students who will graduate this spring, 81.7 percent had secured informal job offers as of Feb. 1, up 1.2 percentage points from a year before, a survey by the education and labor ministries showed Friday.The rate rose for the second straight year, but was still short of ...

 
Pakistan’s FM downplays US threats over gas project with Iran
15 Mar 2013 19:08

Pakistan’s FM downplays US threats over gas project with Iran

Pakistani Foreign Minister Hina Rabbani Khar has downplayed Washington’s threats of imposing sanctions on Islamabad over a joint gas pipeline project with Iran.Addressing a press conference on Thursday, the Pakistani minister expressed confidence that the United States would never impose sanctions ...

 
More UK children to face poverty: TUC
13 Mar 2013 18:06

More UK children to face poverty: TUC

Over half a million more British children will be pushed “below the breadline” in the next two years because of the government’s welfare cuts, tax rises and wage freezes, Britain’s largest unions body the Trades Unions Congress (TUC) says.The TUC, which represents 6.2 million working ...

 
Turkey economic champion of Iraq war
13 Mar 2013 17:48

Turkey economic champion of Iraq war

The Americans won the war, Iran won peace, but Turkey won the Iraqi export market. Turkey’s exports to Iraq have increased by more than 25% a year, reaching $10.8 billion in 2012.Turkey’s decision to block US military deployment from its territory has yielded economic success. Turkey is ...

 
Saudi Arabia says no intention to pull money from Lebanon
10 Mar 2013 19:53

Saudi Arabia says no intention to pull money from Lebanon

Saudi Arabia does not intend to pull out its money from Lebanese banks, Second Deputy Prime Minister Prince Muqrin bin Abdulaziz said Sunday.During a meeting with a delegation from the Economic Committees headed by former Minister Adnan Kassar, the prince assured the delegation that “Saudi Arabia ...

 
Wall Street disaster plan: Trade without humans
10 Mar 2013 19:49

Wall Street disaster plan: Trade without humans

The New York Stock Exchange (NYSE) is preparing contingency plans wherein computers will replace outcry auctioning in case another disaster, such as terrorism or severe weather, forces the closure of trading in downtown Manhattan.NYSE Euronext is preparing to submit details of the plan, which would ...

 
British exit from EU would be catastrophic, says German finance minister Wolfgang Schaeuble
9 Mar 2013 19:28

British exit from EU would be catastrophic, says German finance minister Wolfgang Schaeuble

A British exit from the European Union would be a catastrophe despite disagreements over capping banker bonuses that have left London increasingly isolated, German Finance Minister Wolfgang Schaeuble told an Austrian newspaper.His comments are his strongest so far in trying to avoid a messy split that ...

 
Telecoms Ministry unveils phone discounts for journalists
8 Mar 2013 18:13

Telecoms Ministry unveils phone discounts for journalists

The Telecoms Ministry announced Thursday a new discounted phone package exclusively for journalists, offering members of media unions 50 percent off phone services from mtc touch.The brief news conference at the Phoenicia Hotel was disrupted slightly when head of the Press Federation refused to sign ...

 
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6 Mar 2013 19:03

I'm worth more than a measly $20bn, Saudi prince tells Forbes

The Prince is not pleased. Alwaleed bin Talal, a grandson of Saudi Arabia’s founder, King Abdulaziz bin Saud, and nephew of the current monarch, King Abdullah, has publicly severed ties with Forbes magazine after a spat over how the American magazine estimated his wealth.At $20bn, the Forbes annual ...

 
EU fines Microsoft $730m over browser choice
6 Mar 2013 18:55

EU fines Microsoft $730m over browser choice

The European Commission has fined US technology giant Microsoft $730m for failing to provide clients with a choice of Internet browser, as it had promised to do.The commission said on Wednesday that this was the first time it was sanctioning a company for the failure to satisfy a previous EU complaint,...

 
210 more billionaires in past year amid rising global poverty
5 Mar 2013 19:54

210 more billionaires in past year amid rising global poverty

Amid the surging poverty across the globe, a newly released list of richest people in the world points to the climbing number of billionaires that have control over even more amount of wealth.The Monday release of the newest list of “the world’s billionaires” in 2013, the US-based Forbes ...

 
Japan consumer prices fall for third month as deflation lingers
1 Mar 2013 18:20

Japan consumer prices fall for third month as deflation lingers

Japan's consumer prices fell for the eighth time in nine months, highlighting the challenges facing the Bank of Japan (8301) in reaching a 2 percent inflation target.Consumer prices excluding fresh food fell 0.2 percent in January from a year earlier, the third-straight decline, the statistics bureau ...

 
Turkish investments in UAE reach $ 6 bn
25 Feb 2013 19:39

Turkish investments in UAE reach $ 6 bn

Turkish investments in the United Arab Emirates reached $ 6 billion, with the main focus in the construction sector, while the UAE investments in Turkey reached $ 5 billion in 2011, Sheikha Bodour bint Sultan Al-Qasimi, chairperson of Sharjah Investment and Development Authority (Shurooq), said on Sunday....

 
Russia to aim for 15% of global space market – Medvedev
23 Feb 2013 19:11

Russia to aim for 15% of global space market – Medvedev

Russia plans to increase its share of the global space market from the current 10 percent to 15 percent, Russian Prime Minister Dmitry Medvedev said in an interview published on Saturday.The plan was first outlined in Russia’s state program for the space industry, published in January.“We ...

 
Lebanon govt. offices shut on fourth day of pay strike
22 Feb 2013 18:13

Lebanon govt. offices shut on fourth day of pay strike

Most government offices across Lebanon remained shut and public school teachers maintained their protest over a pay raise as an open-ended strike went into its fourth day Friday.Hundreds of public employees, who accuse Prime Minister Najib Mikati of stalling the approval of a wage hike under pressure ...

 
Cuba to buy $650 million worth of aircraft from Russia
22 Feb 2013 18:12

Cuba to buy $650 million worth of aircraft from Russia

Cuba will buy aircraft worth $650 million from Russia, the Russian industry and trade minister said Friday.“Overall, aircraft deliveries will be worth $650 million,” Denis Manturov told journalists.Russian company Ilyushin Finance and the Cuban Aviation Corporation signed an option agreement on ...

 
North Korea says will respond to possible ‘hostile’ US actions
20 Feb 2013 18:30

North Korea says will respond to possible ‘hostile’ US actions

North Korea says its latest nuclear test was a ‘self-defense’ measure in the face of increasing threats by the United States.