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India can sustain rapid growth for 20 years: finance minister
NEW DELHI, Dec 2, 2007 (AFP) – India’s economy can keep up its scorching growth for the next two decades as long as investment stays strong, the finance minister said on Sunday. India’s economy has grown by an average annual 8.6 percent for the last four years and the minister has said he is targeting […]
China wins Miss World
SANYA, China, Dec 1, 2007 (AFP) – Pre-contest favourite Miss China won the Miss World 2007 title in her own country late Saturday, much to the delight of the audience, in front of an estimated two billion viewers around the globe.As well as being held on World AIDS Day, Miss World 2007 came a week […]
Global leaders call for action on AIDS
PARIS, Dec 1, 2007 (AFP) – Activists and global leaders used World AIDS Day Saturday to warn against complacency in fighting the disease and called on governments to fill a multi-billion-dollar funding gap.In Haiti, the country with the greatest number of HIV infected people in the Americas (190,000) after Brazil, despite a relatively small population, […]
”s record
KANDY, Sri Lanka, Dec 2, 2007 (AFP) – Muttiah Muralitharan equalled Shane Warne’s world record tally of 708 wickets as Sri Lanka sent England crashing in the first cricket Test here on Sunday.The off-spinner grabbed 4-30 in 23 overs as England, replying to Sri Lanka’s modest 188, slumped to 186-6 by tea before heavy rain […]
‘s Jaffna peninsula an inside look from outside
JAFFNA, Sri Lanka, Dec 2, 2007 (AFP) – The air force pilot takes no chances landing on the Jaffna peninsula, the northern tip of Sri Lanka held by the government but cut off from the south by Tamil Tiger rebel territory. . Descending fast from over the Indian Ocean, the Russian-made transport plane banks hard, […]
Second Try
Dec 02, 2007 – Sri Lanka’s plans to double its refinery capacity, which were dealt a severe blow after politicians fixed fuel prices last August, would take off with Iranian help in 2008, officials said. . The government of Iran would first fund and conduct a feasibility study and give a loan with a ten […]
Zimbabwe inflation could be halted with new monetary regime: Steve Hanke
Dec 02, 2007 (LBO) – Zimbabwe’s rocketing prices which are starting to take almost the same path as the 1920’s German hyperinflation, could be halted by scrapping its central bank, a top economist has said. Since 1997 inflation has surged 1,030,217 percent and economic activity in the country measured by gross domestic product per capita […]
Spotlight
Dec 01, 2007 (LBO) – Sri Lankan entries to the Chartered Institute of Management Accountants (CIMA) global awards held in London have won big, with two firms and a popular tutor walking away with top marks. Clancy Peiris from Wisdon Business Academy won the award ‘Tutor of the Year,’ at the CIMA Financial Management Awards […]
Military training programme for teens expands in US
CHICAGO, Dec 1, 2007 (AFP) – Dozens of teens dressed in uniforms provided by the US Marines stand at attention in the gym of a Chicago public high school as a drill sergeant goes through a list of the day’s do’s and don’ts.Bring your books to class. Come for extra help if you need it.And […]
Sri Lankan batting destroyed by England
KANDY, Sri Lanka, Dec 1, 2007 (AFP) – England’s pace-spin duo of Matthew Hoggard and Monty Panesar combined to dismiss Sri Lanka for just 188 on the opening day of the first cricket Test here on Saturday.England replied with 49-1 by stumps after losing opener Alastair Cook to the third ball of the innings when […]