Archive for June 26th, 2008

Euro hits record high vs. yen in Tokyo

Thursday, June 26th, 2008

The euro rose to a record high against the yen in the lower 169 yen zone Thursday in Tokyo. At 5 p.m. the euro traded at 1.5646-5647 dollars and 169.11-15 yen, against Wednesday's 5 p.m. quotes of 1.5662-5672 dollars and 168.88-98 y ...

Gaza crossings remain closed, Hamas says closure violates truce

Thursday, June 26th, 2008

Israeli Defense Minister Ehud Barak on Thursday ordered commercial crossing points into the Gaza Strip to remain closed for a second day and Gaza ruler Hamas said the decision violates an Egyptian-brokered ceasefire. Israel's offici ...

Ugandan gov’t welcomes rebel pronouncement to resume peace process

Thursday, June 26th, 2008

The Ugandan government has welcomed a pronouncement by the leader of rebel Lord's Resistance Army (LRA)to resume the stalled peace process, a government spokesman said on Thursday. Capt. Chris Magezi, the spokesman of the government ...

Norway commits $3 bln to cope with climate change in east, south Africa

Thursday, June 26th, 2008

Norway will spend approximately 3 billion U.S. dollars to support the efforts to mitigate the effects of climate change in eastern and southern Africa, Times of Zambia reported on Thursday. Norwegian Ambassador to Zambia Tore Gjos w ...

IMF warns Tanzania on oil price rise impact

Thursday, June 26th, 2008

The International Monetary Fund (IMF) has warned the United Republic of Tanzania of the negative impact of the rising oil prices on the country's economic development. The IMF said in its recent country report that if current oil pr ...

ADB to invest $4.8 bln in agricultural development

Thursday, June 26th, 2008

The African Development Bank (ADB)plans to allocate 4.8 billion U.S. dollars from 2008 to 2010 for boosting agricultural development in Africa, ADB President Donald Kaberuka said here Wednesday. Kaberuka made the pledge at the ninth ...

World now has 10 million millionaires

Thursday, June 26th, 2008

The number of people around the world with at least 1 million U.S. dollars in assets passed 10 million for the first time last year, according to a new report. And their bank accounts are growing even faster. The combined wealth of ...

EC proposes single European registration for SMEs

Thursday, June 26th, 2008

The European Commission proposed on Wednesday for a single European Union (EU) registration for small and medium sized enterprises (SMEs). "If SMEs want to do business in several member states, they have to set up subsidiaries using ...