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World Likely To Face Another Financial Crisis, says IMF
The International Monetary Fund has once again called upon the leading developing countries to cope up with the financial crisis which is rising over the whole world. Once again the cloud is over the European countries regarding the newest crisis in the world market. The international financial body has urged the respective governing countries not […]
A Decade Deep Deficit Faced By China Due To The Import Surge
China faced one of its largest deficits in the era of trade, after the import rate overthrew the export trade. It was said from the government’s part as well as from the authorities of the commerce department that while the import rate doubled, the export rate was sliced to half (of the expected values).
Mubarak resigns: Army takes over power in Egypt
Finally, the curtain has been drawn. The Egyptian President Hosni Mubarak has resigned. In an official statement, Vice President Sulaiman said that Mubarak has relieved himself from the post of Presidency and has handed over power to the military. He has asked the military to run the country.