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END TO EL NIÑO PATTERN OVER THE PACIFIC

Special Correspondent - 2010-07-07 10:36
New York: The weather pattern known as El Niño rapidly dissipated in early May, giving way to the development of cool, neutral to weak La Niña conditions in the tropical Pacific Ocean, the United Nations World Meteorological Organization (WMO) has reported.

ISRAEL MOVING IN RIGHT DIRECTION BY ALLOWING MORE GOODS INTO GAZA

Special Correspondent - 2010-07-07 10:26
New York: The top United Nations envoy for the Middle East peace process has welcomed the recent measures announced by Israel to reportedly allow more consumer goods into Gaza, calling them important steps in the right direction.

UNESCO TO MULL INCLUSION OF DOZENS OF NEW SITES FOR WORLD HERITAGE LIST

Special Correspondent - 2010-07-07 10:23
New York: For the first time, Kiribati, Marshall Islands and Tajikistan have put forward sites for possible inscription on the World Heritage List of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

YEREVAN NAMED WORLD BOOK CAPITAL 2012

Special Correspondent - 2010-07-07 10:19
New York: The United Nations Educational, Scientific and Cultural Organization (UNESCO) has chosen the Armenian city of Yerevan as the 2012 World Book Capital as part of the agency's ongoing efforts to promote books and reading.

RENEWABLE ENERGY CENTRE FOR WEST AFRICA OPENS IN CAPE VERDE

Special Correspondent - 2010-07-07 10:15
New York: A new regional centre to help develop the renewable energy potential for West Africa has been opened in Cape Verde, the United Nations Industrial Development Organization (UNIDO), which is supporting the facility, said.

COUNTRIES MUST DO MORE TO RESETTLE REFUGEES

Special Correspondent - 2010-07-07 10:10
New York: With more than 800,000 refugees estimated to require resettlement in third countries in the coming years, the United Nations refugee agency is calling for countries to allow in more people - who cannot return to their home nations - to begin new lives.
South Korea

Growth expected to rebound to 5¾ percent in 2010 and moderate to 5 percent in 2011

System Administrator - 2010-07-07 09:40
An IMF mission led by Mr. Subir Lall visited Seoul during June 23-July 6, 2010 to discuss with the authorities and other key counterparts recent economic developments and the outlook for Korea. The mission team would like to thank their counterparts for the productive and open engagement.

Cypriot economy is poised to return to modest growth in 2011

Special Correspondent - 2010-07-07 09:31
Economic conditions have started to stabilize after the economic downturn, and the Cypriot economy is poised to return to modest growth in 2011. However, global financial risks remain elevated and growth prospects in main trading partners remain muted, which weigh on the outlook for Cyprus. Meanwhile, pressures in Euro area sovereign debt markets have intensified, and countries across the Euro area are responding by undertaking ambitious fiscal consolidation efforts. Cyprus also should act forcefully and with a greater sense of urgency to reverse its high fiscal deficits, in order to safeguard the sustainability of public financing and increase the scope for private sector growth. The banking sector remains sound overall, although the growth in non-performing loans calls for vigilance. Turning to medium-term prospects, containing the growth of public spending and enhancing wage flexibility are needed to boost productivity and improve growth.
India

Defence ministry files SLP in Supreme Court

Sri Krishna - 2010-07-07 09:14
NEW DELHI: The Defence Ministry has filed a Special Leave Petition in the Supreme Court in the wake of the High Court seeking responses from the Army Chief and the Defence Secretary over their failure to comply with the directive granting permanent comission to serving women officers.