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  • Shenzen to be first Chinese city to begin carbon trading Shenzen to be first Chinese city to begin carbon trading

    BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...

  • UK inflation rises to 2.7pc in May pushed by higher transport cost UK inflation rises to 2.7pc in May pushed by higher transport cost

    LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...

  • NSA surveillance revealed abandoned al-Qaedas NY stock exchange bombing plot

    The US-led surveillance programme which has created a lot of furor for snooping on citizens' web activities and phone records has revealed information about al-Qaeda's plot to bomb the New York Stock Exchange(NYSE) in 2008. FBI Assistant Director Sean Joyce said that the agency found out through the electronic surveillance that al-Qaeda was actually in the initial stage of bombing the NYSE ...

  • Cisco set to open new centre in Israel

    The US technology giant Cisco plans to open a new research and development center in Israel, the company's CEO John Chambers said during his meeting with Israel's Minister of Finance Yair Lapid. The new centre is expected to offer 100 jobs, to be added to about 2,000 employees already work at Cisco center in Israel, reported Xinhua. Chambers Tuesday said the new project, whose main focus is ...

  • Chidambaram for mobilsation of resources from insurance and pension sector for IDFs

    Finance Minister P. Chidambaram on Tuesday said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension sectors as these funds are available for long term horizon. Chidambaram, who was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund (IDF) here today, later handed over In-Principle sanction approval letters issued by IIFCL ...


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Movie Review

Kingdom of Heaven

Kingdom of Heaven

On paper at least, Ridley Scott's Kingdom of Heaven looks like a powder keg lobbed into a burning building. Considering the current global sociopolitical context, making a film about the 12th-century war between Christians and Muslims for control of Jerusalem would seem a ... ...

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  • UK banking commission urges better standards

    LONDON -- British bankers could soon be facing harsher penalties for behaving badly.After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial industry, an influential parliamentary committee recommended Wednesday that senior bankers should be held more accountable for their bank's actions. One measure, it said, should ...

  • Finance Ministry’s purchase of currency not to affect rouble rate

    MOSCOW, June 19 (Itar-Tass) - Russian Finance Ministry’s purchase of currency on the market will not affect the rouble exchange rate, the head of the Central Bank of Russia, Sergei Ignatyev, told a State Duma meeting on Wednesday. "We prepared new rules for currency interventions. To supplement the Reserve Fund, the Finance Ministry will buy currency at the Central Bank, while the ...

  • Quebecs economic performance poised to improve modestly in 2013 RBC Economics

    June 19, 2013 /CNW/ - Stronger performance in the provincial external trade sector and an increase in consumer spending will drive Quebec's economic growth modestly higher in 2013, according to the ...

  • Albertas economy expects strong growth in 2013 RBC Economics

    June 19, 2013 /CNW/ - Alberta's economy is positioned to grow at the top-end of Canada's provincial economic growth rankings in 2013; however, it is one of only two provinces, alongside B.C., that will see a slight deceleration of its pace compared to 2012, according to the ...

  • Europe Markets European stocks drop as Fed statement eyed

    LONDON (MarketWatch) -- European stock markets dropped on Wednesday, with what is likely to be a volatile day ahead as investors wait for the much anticipated monetary-policy decision from the U.S. Federal ...

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