Asian countries call for global currency

Monday, April 6, 2009 Leaders and central banks in Russia, China, Malaysia, Indonesia, Thailand, and Kazakhstan have called for an international currency system. Speaking on April 1 in advance of the G-20 summit in London, Russian president Dmitry Medvedev argued that the international finance system needed a “new construction” including…

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Israel buys nuclear capable subs

Friday, August 25, 2006 Israel has purchased two more Dolphin class submarines which have the capacity to carry nuclear warheads. Israel already has three older nuclear weapons-capable Dolphin submarines but the new Dolphins have propulsion systems that allow them to remain submerged for longer periods of time, according to the…

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Freak wave rocks luxury liner–4 hurt

Sunday, April 17, 2005 The Norwegian Dawn, a 965-foot-long luxury vessel, was struck by “a freak wave that caused two windows to break in two different cabins,” the owners, Norwegian Cruise Line, said in a statement. It changed course, docking in Charleston late Saturday afternoon instead of completing its planned…

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Careem Pakistan launches GoMini service

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IMF prepares to help Hungary and Ukraine

Friday, October 17, 2008 The International Monetary Fund (IMF) is preparing a series of loans to both Hungary and Ukraine as financial problems are hitting the two countries. Hungary has already received a €5 billion credit line from the European Central Bank (ECB). Ukraine is seeking a loan of up…

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Darling announces UK budget for 2009

Thursday, April 23, 2009 The United Kingdom Chancellor of the Exchequer, Alistair Darling, yesterday announced the 2009 budget. The budget is an annual audit of the nation’s finances, and decides what should be done with taxpayers’ money. The chancellor fell under scorn for his GDP growth forecasts, which are considered…

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