The UN Security Council on Friday lifted a six-year ban on Liberian diamond exports. The 15-nation council voted unanimously on ‘Resolution 1753 (2007)’ and ended the embargo imposed in 2001. Back then, it was widely held that diamond exports from Liberia were being used to finance insur[...]
May 3rd, 2012 - 1:11 pm § in News Of Economy
Chinese import alert widened following melamine contamination
Chinese imports are again in midst of a storm as FDA is in the process of imposing a new import alert which has widened the restrictions on the food ingredients imported from country. Now border inspectors have been authorized to detain food stuff coming from China which could be anything ranging fr[...]
May 3rd, 2012 - 1:10 pm § in News Of Economy
Wolfowitz retaliates, complains of a ‘smear campaign’
World bank President Paul Wolfowitz launched an attack on his detractors yesterday and claimed that he was a victim of a ‘smear campaign.’ Appearing before a panel of the bank’s executive board, he defended himself vigorously and said that the charges of ethical lapses leveled agai[...]
May 2nd, 2012 - 1:10 pm § in News Of Economy
US and EU signs new transatlantic agreement
To augment trade at lower cost, the United States and the European Union have agreed for US-EU single market concept. The agreement is designed to enhance transatlantic trade and investment by harmonizing regulatory standards. Both developed sides showed green signal for an Open Skies deal, designed[...]
May 2nd, 2012 - 1:09 pm § in News Of Economy
US Treasury Secretary seeks progress in China talks despite growing differences
Ahead of the second round of China-US Strategic Economic Dialogue, US Treasury Secretary Henry Paulson has said it will take more than a stronger Chinese currency to reduce the record trade deficit between the US and China. Speaking at a forum of top economists, scholars and government officials in [...]
May 2nd, 2012 - 1:09 pm § in News Of Economy
Asian Development Bank annual meeting start, environmentalists criticize its role
The Asian Development Bank (ADB) set to open its annual meeting in Kyoto, some 3,000 delegates from the ADB’s 67 member governments will debate plans to make the bank more responsive to environmental woes and the bank’s future role. Although member nations pledged to pursue environmental[...]