The Indian government has decided to lift its restrictions on fresh cotton exports, after unexpectedly announcing a ban on March 5th this year following concerns over the domestic supply.
According to a report by Reuters, 1.5-2 million bales of cotton will be allowed for export for the current year ending September 30, which before the ban had already seen a record 11.5 million bales sold overseas.
South Korean couples must fork out an average of nearly $200,000, or more than four times the annual average household income, in order to get married, said a report by Reuters on Friday, with the sky-high cost said to stem from a combination of cultural traditions and soaring inflation.
According to the report, the average cost of a wedding in South Korea has risen by 270 percent since 1999, while inflation grew by 45.5 percent during the same period.
China sent more than $600 million in financial aid to Pacific Island nations last year as compared to just $200 million from the United States, claimed the Wall Street Journal on Friday, as fears continue to mount over the Chinese government’s influence in a region with traditional strategic importance to the U.S..
Global unemployment will rise to 202 million people by the end of the year – compared to 196 million people last year – unless governments can combine austerity measures with job creation, warned the International Labour Organisation (ILO) on Sunday.
According to Raymond Torres, director of the ILO’s Institute for International Labour Studies, “the strategy of austerity actually has been counterproductive from the point of view of its very objective of supporting confidence and supporting the reduction of budget deficits.”
Spain’s unemployment rate may have climbed to 24.4 percent for the first quarter of the year last week, but at least one organisation is taking this opportunity to offer a lifetime job for any interested party.
In the last year, the Roman Catholic Church in Spain has attempted to go on a nationwide recruitment drive for new priests, after enrolment in seminaries had fallen by over 25 percent in the last decade.
Ecommerce has blossomed, and e-retailers are recording healthy profits. But at the same time, Americans are finding their credit card bills and bank statements riddled with hefty digital purchases. How can consumers control what they buy online, and control their credit card debt?
Barclays PLC’s Chief Executive Bob Diamond may lose up to half of his bonus this year, said a report by The Telegraph, after the bank’s financial results revealed that he was likely to miss a new performance target set by shareholders.
On Thursday, The bank reported nearly £2.45 billion in underlying pre-tax profits, which it had hoped was able to sooth investor concerns and justify Diamond’s high pay and bonuses.
The Brazilian military plans to increase its presence in the Amazon region in order to protest the massive amounts of natural resources from any external threats, said Defence Minister Celso Amorim on Thursday.
Presently, Brazil’s navy patrols the Amazon’s river basin and its 7,49km coastline with a blue-water force developed under the National Defence Strategy unveiled in 2008.
Pope Benedict XVI, the 265th leader of the Roman Catholic Church, has commissioned three retired cardinals to investigate how a string of sensitive Vatican documents managed to the leak to the media this year – in an embarrassing scandal dubbed as “Vati-Leaks.”
A global online ad scam may result in over 300,000 Internet users losing their access to the web from July 9 this year, said the U.S. Federal Bureau of Investigations (F.B.I.) on Wednesday, after shutting down an Estonian hacking ring that has been in operation for at least four years.
