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World Bank UN chiefs to visit African Great Lakes region
The World Bank President, Jim Yong Kim, and UN Secretary-General Ban Ki-moon will make a joint visit to Africa's Great Lakes region, a World Bank statement said Monday. The visit is to be undertaken in support of a landmark peace agreement and to push for economic development in the troubled region. "The visit will draw attention to the plight of fragile and conflict-affected countries ...
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Russia needs 3 to 5 years for an efficient economy
Russia will need three to five years to exit stagnation and build an efficient economy, former finance minister Alexei Kudrin has said. "Even if we roll up our sleeves and set to work right now, we'll need from three to five years to achieve new elements of efficiency," Kudrin said at an Open Tribune meeting held by the State Duma, the lower house of Russia's parliament. He also said the ...
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US Sees Climate of Intolerance on Global Religious Freedom
The United States said the right to global religious freedom was challenged last year, with governments often creating a "climate of intolerance" leading to hatred and violence. In an annual report, the State Department said Monday government officials worldwide are often allowed to act with impunity while violating the religious rights of their countrymen. It said there often is uneven ...
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Teen Dies of Cancer After Touching Millions With Song
Zach Sobiech, an 18-year-old whose battle with cancer became a global story, has died. The Minnesota native became famous when his song "Clouds,rdquo; which is about facing death, became a viral sensation on YouTube, topping 3 million views. The song was originally released in December of last year. The video was so popular that a group of celebrities were inspired to create a ...
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Blogging platform Tumblr acquired by Yahoo for $1.1 bn
NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...
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US drugmaker Actavis buying Warner Chilcott in $8.5bn deal
WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
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Bombardier unveils Challenger 350 mid sized business jet
GENEVA - Canadian aeroplane maker Bombardier has expanded its leading Challenger family of business jets with the launch of the new Challenger 350 aircraft in collaboration with global leader in private aviation, US firm NetJets. The launch on Monday was held at a special event here at the European Business Aviation Conference and Exhibition (EBACE). Bombardier said deliveries of the ...
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$254mn Eskom wind power project gets South African regulator's nod
JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) has granted power producer Eskom a licence for its Sere wind farm in the Western Cape, paving the way for the company to start construction of its $254.3 million (R2.4-billion) project. Sere is the Nama word for "cool breeze". The wind farm project is scheduled to become fully commercially operational by the end of ...
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Morgan Stanley India to sell wealth management arm to StanChart
MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...
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PRI’s The World 05212013
Tuesday on The World, the aftermath of the deadly Oklahoma tornado. Also, Apple Computer’s low global tax payments are causing trouble for Irish authorities accused of giving Apple a special tax deal. And, artists in Cairo take advantage of distracted Egyptian authorities and install provocative public ...
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You don’t need an Xbox to appreciate Microsoft
tweaking its Windows 8 operating system in response to a poor reception following its launch in October, you could almost hear the collective one-word response from investors who have avoided Microsoft shares: typical.But while the technology company continues to stumble with many of its new products, its share price has been dazzling this year. It has risen more than 30 per cent in 2013, to its ...
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Global Warming “Consensus” Cooking the Books
"Ninety-seven percent of scientists agree:#climate change is real, man-made and dangerous," President Barack Obama tweeted last Thursday, May 16. The president was cheering on the media-drawn bandwagon for the latest round of global warming "consensus" puffery. John Cook, an Australian blogger/global warming activist, has President Obama and all the usual climate alarmists ...
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Video Italian man scales St. Peters Basilica in economy protest
Italian business owner Marcello Di Finizio protests at the government and over the economy from his perch on the dome of Saint Peter's Basilica. Lindsey Parietti ...
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World G4S chief quits after series of embarrassments
Nick Buckles, 52, who has led the company for eight years, will be succeeded at the end of the month by Chief Financial Officer Ashley Almanza, a former executive of oil and gas firm BG Group who joined in ...
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Sports Handball coaches to attend Global lectures course
The course was held at the Nyayo National Stadium handball gymnasium from May 3-12. Four coaches out of the 15 who qualified, will attend another one month global lecturer's course in South Africa in September. According to the course ...
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World not ready for mass flu outbreak WHO
The world is unprepared for a massive virus outbreak, the deputy chief of the World Health Organization has warned, amid fears that H7N9 bird flu striking China could morph into a form that spreads easily among people.Keiji Fukuda told delegates at a WHO meeting that despite efforts since an outbreak of another form of avian influenza, H1N1, in 2009-10, far more contingency planning was ...
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Have driver will travel US golfer roams world
Peter Uihlein, of the US, putts on the 18th hole during the last round of the Madeira Islands Open Sunday, May 19 2013, at the Santo da Serra golf course, in Machico, Portugal. Uihlein shot a 15-under-par total of 273 to win the tournament. (AP Photo/Helder ...
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Texas Sues Companies Connected to Macondo Oil Spill
The state of Texas filed a lawsuit Friday against BP plc, Transocean Ltd. and other parties involved in the 2010 Deepwater Horizon oil spill, seeking damages related to the affects of the oil spill. Texas is the fifth Gulf of Mexico state to file claims seeking lost tax revenue, lost revenue from state parks, damages to natural resources and civil penalties for each day that oil was spilled and ...
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Expect Microsoft’s Xbox One This Holiday Season
Microsoft is going out on top. After eight years, the Xbox 360 - which is currently the top selling video game system for the 28th consecutive month according to retail tracking firm NPD Group -is ...
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Haiti is The Great Business of NGOs Cuban Experts Said
Havana, May 21 (Prensa Latina) Haiti is a business for non-governmental organizations (NGOs), whose interference is greater than their help, Cuban specialists in Caribbean themes denounced today. Gloria Leon, a professor at the University of Havana, revealed the background of interference of many organizations that feed on Haitian poverty and exacerbate it in their own interests. In the panel ...
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Pat Metheny And John Zorn A Vivid Sound World
unites these two known opposites of instrumental music, and the result is often intensely visual. (If for some reason a Hollywood film director asks me to suggest music to accompany an exotic Orient Express railroad caper, I'll be ready.) Metheny has been making records for more than 30 years. Whether he's playing some sunny Brazilian fantasy with his Group, or exploring in a more ...
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JPMorgan Chase CEO Spared By Shareholders
JPMorgan Chase shareholders have rejected a proposal to force Jamie Dimon to give up his dual role as both chairman and CEO of the bank. Of the shareholders who voted, 32 percent voted to split the roles. A year ago 40 percent voted in ...
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Tech Companies Have A Lot At Stake With Immigration Bill
The tech industry is getting a lot in the Senate's immigration overhaul bill. It increases the number of temporary worker visas for skilled technical workers but the industry is pushing for more, including the end of provisions meant to protect American tech workers from unfair competition. The industry's goals and tactics are antagonizing other groups that want to see the bill ...
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Earnings Watch Updates advisories and surprises
-1.51% said Tuesday afternoon that it plans to lay off about 900 of its workers in a cost-cutting move. The announcement was made, which saw earnings slip on a slight increase in revenues. NetApp shares were up 2.1% in after-hours trades on Tuesday following the report. The company also projected a revenue range of $1.48 billion to $1.58 billion for the current quarter, slightly below Wall ...
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Pro-business group Raise gas taxes for highway projects
Tuesday21 May 20131:21 p.m. A pro-business group working to diversify Southern Nevada's economy is advocating legislation that would lead to a gasoline tax increase. The Las Vegas Global Economic Alliance -- formerly the Nevada Development Authority -- announced today that it is ...
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