World Markets Higher On Signs US Economy Improving

World stocks gained Wednesday on renewed investor confidence in the U.S. economy while concerns about Greece’s debt crisis eased. Most major European and Asian equity markets rose, bolstered by a 1.7 percent jump in the Dow Jones industrial average Tuesday. Markets in China and Taiwan were closed for the Lunar New Year holiday. Investors were [...]

Statistics Reveal Stunning Increase In Poverty

Statistics reveal stunning increase in poverty in Pakistan impacted by the prices of energy and food in the past three years. These happen to be the worst years as far as the poverty situation in the country is concerned, data reveals. The Federal Bureau of Statistics data updated for the Centre for Poverty Reduction and [...]

Economic Stimulus A Mixed Blessing For China

Despite U.S. government prodding and wheedling and unprecedented taxpayer-financed bailouts, American banks have stuck to anemic lending policies over the past year, seeming more concerned with replenishing their bonus pools and reserves than helping to rekindle the economy. As is often the case, things have played out differently in China. Like other besieged governments, Beijing [...]

Russia To Work On New Nuclear Missiles: Medvedev

Russia will work on a new generation of nuclear missiles to ensure its nuclear deterrent remains effective, President Dmitry Medvedev said on Thursday. Medvedev said the new missiles would be developed in full accordance with arms agreements made with the United States. “Of course, we will develop new systems, including delivery systems, that is, missiles,” [...]

Lula Backs Iran’s Nuclear Programme

Brazil’s president has offered his backing for Tehran’s controversial nuclear programme. Speaking at a joint news conference in the capital Brasilia on Monday after holding talks with Mahmoud Ahmadinejad, his visiting Iranian counterpart, Luis Inacio Lula da Silva said Brazil backed Iran’s quest for “peaceful nuclear energy in full respect of international accords”. He urged [...]

Iran Plans War Games To Protect N-Plants

Iran will begin large-scale air defense war games on Sunday to help protect its nuclear facilities against any attack, a senior commander said. Brig. Gen. Ahmad Mighani also suggested Iran could itself produce an advanced missile defense system which Russia has so far failed to deliver to the Islamic Republic and which Washington and Israel [...]

Analysis: Iran In No Hurry To Cut Nuclear Deal

If Western leaders were still puzzling over Iran’s approach to nuclear talks, Mahmoud Ahmadinejad offered a timely tutorial. It came complete with a dismissive sound bite – comparing Iran’s foes to a mosquito – a bit of boasting about Iran’s prestige and a touch of self-analysis. Iran’s president said Sunday that Tehran doesn’t trust the [...]

US, Russia Say Sanctions A Possibility For Iran

President Barack Obama said Sunday that “time is running out” for Iran to sign on to a deal to ship its enriched uranium out of the country for further processing, and Russian President Dmitry Medvedev said he still hopes to persuade Iran to send its enriched uranium to his country. If that plan fails, however, [...]

Europe May Send More Troops To Afghanistan

Europe may send 5,000 more soldiers to Afghanistan, Britain’s prime minister said Friday – affirming support for the NATO mission as the Obama administration nears a decision on increasing American troop levels. The announcement came as the Taliban struck again in the capital. A suicide car bomber blasted a U.S. convoy near an American military [...]

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