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Copper forges record 7,000 dollars per tonne
LONDON, Apr.25 (AFP) – The price of copper leapt to the highest-ever level here on Tuesday, spurred by massive investment and speculative demand.Three-month copper prices on the London Metal Exchange touched 7,040.00 dollars per tonne — the highest point since copper was first listed in its current format in 1870.The price of copper, used for […]
Kenyan tea sector recovering from searing drought
NAIROBI, Apr.25 (AFP) – Kenya’s tea sector is rebounding from a searing drought, with production of the country’s largest export shooting up 72 percent between February and March, officials said Tuesday. However, export earnings continue to suffer and the Tea Board of Kenya (TBK) said the huge boost was unlikely to make up for a […]
Old Ghost
GENEVA, Apr. 25 (AFP) – The spectre of failure has returned to haunt the World Trade Organisation, as negotiators prove unable to maintain momentum in the Doha Round talks and developing countries warn that no deal is better than a bad deal.The 149-nation WTO has acknowledged that it will miss an April 30 deadline for […]
Eagle Eyes
Apr.04 (AFP) – Counter terrorism and anti-money laundering experts from South Asian nations began training with US experts in Colombo on Tuesday, the US embassy said.Some 40 South Asian regulators and lawmen from Pakistan, Bangladesh, Maldives and Sri Lanka were attending the study sessions organised by the US department of justice and the Federal Bureau […]
Wide Berth
Apr.25 (LBO) – Virtusa Corp., the U.S. based software development company, Tuesday announced plans to invest 15 million dollars to expand operations in Sri Lanka. The investment plans forms part of Virtusa’s strategy to invest 48 million dollars in Asia for the fiscal year 2006-7, which includes 33 million dollars in India. “Most of the […]
Washington condemns attack on army headquarters in Sri Lanka
WASHINGTON, Apr. 25 (AFP) – The United States on Tuesday condemned the attack against an army headquarters in Sri Lanka’s capital Colombo and called the suicide blast a provocation by the Tamil Tigers. “This is clearly an act of terror, which we condemn,” the State Department’s deputy spokesman Adam Ereli told reporters. “It is an […]
Blasts heard in Sri Lanka rebel territory after suicide attack
Apr. 25 (AFP) – Loud explosions were heard in rebel-held parts of Sri Lanka Tuesday after the government accused Tamil Tiger guerrillas of a suicide bombing which critically wounded the army chief, residents and the military said.The blasts were reported from Sampur, an area of the troubled Trincomalee district, regional police chief Rohan Abeywardena said […]
Suicide bombing blow to peace bid: monitors
Apr. 25 (AFP) – A suicide bombing aimed at Sri Lanka’s army chief was “another serious blow” for a fragile ceasefire and attempts to broker peace between the government and Tamil rebels, Scandinavian truce monitors said Tuesday.“This attack is yet another serious blow to the ceasefire agreement and the peace process,” the Scandinavian-run Sri Lanka […]
Woman suicide bomber kills 10, wounds Sri Lanka army chief
Apr. 25 (AFP) – A Tamil Tiger suicide bomber pretending to be pregnant blew herself up Tuesday seriously wounding Sri Lanka’s army chief and killing 10 others, police and doctors said.More than 30 people were also injured by the blast inside the high security zone of Colombo’s main military base, police said. The attack on […]
More killings send tension soaring in Sri Lanka
Apr. 25 (AFP) – Tension gripped Sri Lanka’s north-eastern Trincomalee district Tuesday after an overnight killing of a hotel owner police say was designed to provoke inter-communal riots. The man was gunned down around midnight on the same day suspected Tamil Tiger rebels hacked to death a mother feeding her baby, police said. “The latest […]