Finance & Economics

India Emerges as World’s Biggest Arms Importer

India has emerged as the world’s largest weapons importer in the last five years, according to a Swedish research group.

Economic recovery seen as jobless claims dip to fouryear low

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New claims for unemployment benefits fell to 348,000 last week, a new four year low as the economic recovery...

UN: $50 million urgently needed within 90 days to help Horn of Africa farmers

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The drought has taken a serious toll on livestock in the Horn of Africa.

Asian countries to play greater role in future development of gas markets: PM

Asserting that emerging economies of Asia are rapidly increasing their use of natural gas, the Prime Minister, Dr. Manmohan Singh, on Friday said the remarkable growth in the use of gas in Asian economies underscored the greater role that this region...

US demand surge helps Japan post trade surplus

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Buoyed by a huge auto and electronics exports to the US, Japan has posted its first trade surplus in five months in...

Robo-Glove Could Reduce Assembly Worker Fatigue

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The new Human Grasp Assist device, or Robo-Glove (bottom) multiplies the strength of a human’s grasp and is derived from...

India, Africa driving engines of global recovery: Anand Sharma

Asserting that India and Africa are the driving forces of global economic recovery, Commerce Minister Anand Sharma has said the Indian Government will fast track the establishment of specialised capacity building institutions in the continent.

Rising Jet Fuel Costs Send Airline Fares Soaring

Global airfares are on the rise just as many travelers are set to begin their Easter and seasonal vacations. The higher cost for an airline ticket is being blamed on rising crude oil and jet fuel prices.

Zimbabwe Diamonds Fail to Shine on Economy

The old adage that diamonds glitter seems not to apply in Zimbabwe. The economy has failed to click despite the country discovering these precious stones about eight years ago.

Overall unemployment rate in UK reaches 8.4 per cent

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Unemployment rate in the UK has reached a near 17-year high with a 0.1% increase in the November-January quarter over...