Category: International Affairs
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Has the Global Economy’s Center of Gravity Shifted?
For almost two centuries, the driving forces behind the global economy have been Europe and the US. Their momentum however, seems to be sputtering and a new picture of a polished world economy is about to erupt whose driving engines would be developing nations like China, India, Brazil. As far as the global financial system…
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Time 100 most influential people of world
Lady Gaga is shocking the art world, Sarah Palin is leading a political movement and Steve Jobs is the talk of the tech town and that’s why they are in the Time Top 100 most influential people of world. Time 100 is an annual list of the 100 most influential people in the world, as…
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Mahatma Gandhi district in USA
On the 141st birth year of Father of the Nation Mahatma Gandhi has been honored in USA by officially renaming the name of a district in Houston, Texas to Mahatma Gandhi District. A district in the part of southwest Houston; Hillcroft was renamed this month, catering to the seven-year long demand of more than 100,000…
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What is BRIC?
This week, the top leaders of BRIC nations meet at the first summit in Yekaterinburg(Russia). Do you know what is BRIC? Today we will discuss about BRIC, the future of world economy. BRIC is an acronym that refers to the fast-growing developing economies of Brazil, Russia, India, and China. This acronym was first coined by…
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Why General Motors became Bankrupt?
One more US giant has become Bankrupt. I am talking about United States number 1 car company, General Motors. General Motors was founded in 1908 with headquarters in Detroit, Michigan. It is the world’s second-largest automaker after Toyota. However, from 1931 to 2007, it was world’s lartest automaker. This company has around 250k employees around…
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What is Labour Day and why do we celebrate it?
Today the whole world is celebrating Labour day. My office is also closed on the eve of Labour day. It is an annual holiday celebrated all over the world that resulted from the labour union movement in United States, to celebrate the economic and social achievements of workers. The majority of countries celebrate Labour Day…
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How Lehman Brothers became Bankrupt?
15th Sept 2008 has become a black day in the history of financial market with US fourth-largest investment bank Lehman Brothers filing for bankruptcy. Already Merrill Lynch has been acquired by the Bank of America and AIG is also verge of bankruptcy. How it happened? How 158 years old finance giant became bankrupt? Today I…
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Usain Bolt is the fastest man on Earth
Jamaica’s Usain Bolt is now the fastest man on this planet. He has won the men’s Olympic 100 meters in great style. He broke his former world record of 9.72 seconds. He completed the race in only 9.69 seconds which is a new world record. Trinidadian Richard Thompson got second place and won silver medal.…