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Indian Government Wins Vote on Retail Reform
India’s minority government narrowly won a final vote in parliament on Friday for its controversial move to allow in foreign supermarkets, giving a boost to its reform agenda.
After heated debate, members in the upper house finally voted...
84 Welfare Projects Rolled Out In Saripol Province
Eighty four welfare projects are set to be rolled out in northern Saripol province which would benefit some 13,000 families, an official said on Thursday.
According to Eng. Ahmad Javid Javid, the chief of Provincial Rural Rehabilitation Development...
Standard Chartered to Pay $330 Million in Iran Settlement
British bank Standard Chartered expects to pay $330 million to settle claims by United States government agencies that it had moved hundreds of billions of dollars on behalf of Iran.
Standard Chartered, which earns most of its profit in Asia,...
Eurozone jobless rate climbs to record high in October.
The eurozone unemployment rate inched up in October to a record-high 11.7%, compared to 11.6% the previous month, Eurostat, the European Union’s statistics office, said on Friday.
That figure marks a new record for the eurozone, while...
Yahoo ‘ordered to pay $2.7bn’ by Mexican court
Internet group Yahoo has been ordered to pay $2.7 billion as part of a lawsuit filed in Mexico by two companies claiming breach of contract.
The Sunnyvale company said Friday that a court in Mexico City handed down the decision in a lawsuit...
Japan cabinet approves second stimulus package.
Japanese lawmakers have approved another stimulus package to revive growth, as the flagging economy becomes a key issue in the upcoming general election.
The money totalling 880bn yen will be mainly used to create jobs and support small businesses,...
India’s economic growth rate slows to 5.3%
India’s growth slowed in the September quarter, putting more pressure on the government to implement more reforms and ease monetary policy.
Data shows the economy grew by 5.3% from a year earlier, down from a rate of 5.5% in the previous...
US consumer confidence jumps in November
According to a survey, US consumer confidence has once again reached the highest level in four and a half years.
The Conference Board’s Consumer Confidence Index rose to 73.7 from 73.1 in October. Both being the best readings since February...
Eurozone Deal On Greece Bailout
Eurozone finance ministers and the IMF have reached an agreement to release urgently needed loans to Greece in order to reduce the country’s debt.
The deal was made on Monday after 12 hours of talks at the third meeting of the finance...
India Fails To Break Parliament Deadlock Over Supermarket Reform
India’s government failed on Monday to defuse a row with the opposition over opening up the supermarket sector to foreign chains, a decision that has thrown parliament into chaos and endangered fresh economic reforms.
Opposition lawmakers...
