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Prices and government's role

2007-07-03 00:00:00

THERE is no excuse that appropriate laws are not there to apply against syndicates. If laws are not there, then the same can be promulgated under ordinances and applied. So, where is the difficulty ? Activities of toll collectors raise...

What bubble? China's analysts more bullish than ever

2007-07-03 00:00:00

Zhang Shidong and Chua Kong HoZhang Shibao covers 12 Chinese stocks and recommends investors buy all of them, even after they've more than tripled on average in the past year. ``We are still in the middle of the bull market...

Immigration plan, buffeted by squabbles, survives initial test

2007-07-03 00:00:00

Nicholas Johnston and James RowleyThe most comprehensive overhaul of immigration law in two decades was revived in the U.S. Senate and now faces votes on amendments that could shatter the fragile bipartisan coalition backing the legislation. Supporters of the measure,...

Bush suffers more defections on Iraq

2007-07-03 00:00:00

Jim Lobe from WashingtonIn a potentially significant setback to U.S. President George W. Bush's efforts to sustain Republican support for his "surge" in Iraq, three key senators this week have called on the White House to revise U.S. strategy there...

Hard-landing risk is rising for China's economy

2007-07-03 00:00:00

Andy MukherjeeRemind me again: Wasn't 2007 supposed to be the year of soft landing for the Chinese economy? Halfway into the year, and after several rounds of monetary tightening, the reality is turning out to be just the opposite. Economists...

Iran, Venezuela bash US, seek stronger ties

2007-07-03 00:00:00

TEHRAN, July 2(AFP): Iran's supreme leader Ayatollah Ali Khamenei and Venezuelan President Hugo Chavez Sunday slammed arch-foe the United States and pledged to boost trade ties. "The United States is incapable of hurting Iran and Venezuela ... cooperation between the...

Five more US soldiers killed in Iraq

2007-07-03 00:00:00

BAGHDAD, July 2 (AFP): Five more US soldiers have been killed in fighting in Baghdad and the western Iraqi province of Anbar in a single day, the military said Monday. Two soldiers and one marine were killed in Anbar Sunday...

Japan PM reprimands defence minister for A-bomb remarks

2007-07-03 00:00:00

TOKYO, July 2 (AFP): Japan's Prime Minister Shinzo Abe delivered a stern rebuke to the country's defence minister Monday for his suggestion that the US atomic bombings were the inevitable way to end World War II. Atomic bomb survivors meanwhile...

Pakistan floods toll rises to 110

2007-07-03 00:00:00

QUETTA, (Pakistan), July 2 (AFP): Floods unleashed by a tropical cyclone and a week of torrential rain have killed 110 people and affected 1.5 million in southern Pakistan, officials said MondayGiant swathes of the normally desert southwestern province of Baluchistan...

Star-studded concert remembers Diana

2007-07-03 00:00:00

LONDON, July 2 (AFP): Sir Elton John closed a star- studded concert Sunday in memory of Princess Diana, with police looking on at London's Wembley stadium a day after Britain went on maximum security alert. Over 60,000 fans joined Britain's...

Police arrest two men in Glasgow probe

2007-07-03 00:00:00

GLASGOW, (Scotland) July 2 ( Reuters): The police in Glasgow said Monday that two men, aged 20 and 25, have been arrested in the investigation of a fiery attack on the city's airport. Meanwhile, details emerged that authorities had been...

Europeans see US as threat to stability: poll

2007-07-03 00:00:00

LONDON, July 2(AFP): More Europeans see the United States as a threat to global stability than Iran and North Korea combined, according to a poll published Monday. The Harris Interactive survey for the Financial Times showed that 32 per cent...

Gunmen kill Afghan education director

2007-07-03 00:00:00

KHOST, (Afghanistan), July 2 (AFP): Unidentified gunmen assassinated a deputy education chief in eastern Afghanistan Monday, police said, in the latest attack on the country's schools system. Sayed Usman Hussaini was on his way to work in Khost province when...

news digest

2007-07-03 00:00:00

US general optimistic about NKorea's nuclear disarmament SEOUL, July 2: A top US general Monday expressed optimism about North Korea's nuclear disarmament process but said the communist country still posed a threat to peace and stability. General B.B. Bell, commander...

Asian Monetary Fund may be needed to deal with future shocks

2007-07-03 00:00:00

MANILA, July 2 (AFP): Asia may need to establish its own monetary fund if it is to cope with future financial shocks similar to that which rocked the region 10 years ago, a regional forum was told here today. An...

UN urges renewed efforts to meet Millennium Development Goals

2007-07-03 00:00:00

GENEVA, July 2 (AFP): Governments, aid agencies and other international bodies must make more efforts to ensure the United Nations' Millennium Development Goals (MDGs) are met on schedule by 2015, the UN said today. The global body in particular criticised...

'China cannot accept indiscriminate detention of its seafood by US'

2007-07-03 00:00:00

BEIJING, July 2 (CEIS): China cannot accept the indiscriminate and automatic detention of four kinds of Chinese seafood by the United States and the ban on importing those products, a Chinese official in charge of quality supervision said. Li Changjiang,...

Japanese business confidence near two-yr high

2007-07-03 00:00:00

TOKYO, July 2 (AFP): Japanese business confidence held steady close to a two-year high and firms set aside more cash to invest in new plant and equipment, a key survey showed today, underpinning confidence in the economy. The Bank of...

India ranked among least friendly for small businesses

2007-07-03 00:00:00

NEW DELHI, July 2 (PTI): India may have entered into the top league of world economies on the back of robust economic growth and booming stock markets, but it ranks among the bottom ten when it comes to promoting small...

Corporate world struggles with UN social standards

2007-07-03 00:00:00

GENEVA, July 2 (AFP): A United Nations survey said today that there were still major shortcomings in business's approach to human rights and anti-corruption measures despite progress in adopting socially and environmentally responsible standards. The first report on the corporate...

China, Pakistan to cut bilateral trade tariffs from July

2007-07-03 00:00:00

BEIJING, July 2 (CEIS): China and Pakistan will start to cut or scrap tariffs on all products from July 1 to boost bilateral trade, Wang Xinpei, spokesman of the ministry of commerce, has said. The two-phase step is in accordance...

Kuwait hails pact on air traffic rights with India

2007-07-03 00:00:00

DUBAI, July 2 (PTI): Kuwait has welcomed the new deal with India on air traffic rights, saying it will help civil aviation links between the two countries. Both sides reached an agreement after three days of nerve-wracking talks following Kuwait's...

Strong exports lead S Korea's economic recovery

2007-07-03 00:00:00

SEOUL, July 2 (AFP): South Korea's exports grew 15.9 per cent in June year-on-year to hit an all-time record of 32.3 billion dollars, raising hopes that economic recovery will pick up pace in the second half of this year. "Exports...

18,000 Nepali child workers working in high risk sector

2007-07-03 00:00:00

KATHMANDU, July 2 (Xinhua): About 18,000 child workers are working in the high risk mechanical sector in Nepal, out of which 25 per cent are of age 13 to 15 years, a report published here today said. According to the...

Illegal expats take advantage of Kuwait amnesty

2007-07-03 00:00:00

DUBAI, July 2 (PTI): About 27,500 immigrants, including 7,000 Indians residing illegally in Kuwait, have left during the two-month amnesty period granted by the government, country's interior ministry has said. The amnesty, which began May 1 and ended on June...

Saudi prince suggests management steps, but keeps mum on final deal

2007-07-03 00:00:00

Shakhawat Hossain The Saudi prince, buyer-designate of the largely state-owned Rupali Bank, has empowered the existing bank management for taking appropriate measures including temporary recruitment to continue the smooth banking operation.On behalf of Prince Bandar Bin Mohammad Bin Abdulrahman Al-Saud...

Tofail spells out package of reform proposals

2007-07-03 00:00:00

Awami League presidium member Tofail Ahmed Monday spelt out a package of reform proposals for his party and the statecraft, seeking checks and balances between the power of the President and the Prime Minister to avert such political crisis as...

NBR surpasses upgraded income tax revenue target

2007-07-03 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR), in the backdrop of intensive drive against tax evasion, has surpassed the enhanced target for income collection by Tk 1.6 billion in the just concluded fiscal year (2006-07). The board collected income...

SRO on freight forwarding licence later this month

2007-07-03 00:00:00

Jasim Uddin Haroon A fresh statutory regulatory order (SRO) is likely to be issued relating to introduction of freight forwarding licence to bring discipline in the business.Sources at the National Board of Revenue (NBR) said it might be issued the...

EC won't sit with parties unless reforms completed

2007-07-03 00:00:00

The Election Commission will sit with the political parties to discuss the draft electoral law reforms unless the parties' reforms are completed under the current purge, reports UNB.Even if the ban on indoor politics goes, the EC would not hold...