Sri Lanka warned over mounting foreign debt

News Room : July 31, 2014 9:19 am
COLOMBO: Sri Lanka’s economy was among the fastest growing in Asia, but it was vulnerable to sudden external shocks due to high levels of foreign commercial borrowings, the IMF said Wednesday. The International Monetary Fund warned that the Indian Ocean island remained vulnerable despite economic gains after ending decades of ethnic war in May 2009. more »
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Earth survived near-miss from solar storm

News Room : July 31, 2014 9:17 am
WASHINGTON: Back in 2012, the Sun erupted with a powerful solar storm that just missed the Earth but was big enough to “knock modern civilization back to the 18th century,” NASA said. The extreme space weather that tore through Earth’s orbit on July 23, 2012, was the most powerful in 150 years, according to a more »
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Gaza toll passes 1,300 on day 23 of Israeli assault

News Room : July 31, 2014 7:30 am
GAZA CITY, Palestinian Territories: At least 76 people died in Israeli strikes across Gaza Wednesday, including 16 killed when shells hit a UN school, sending the Palestinian toll from 23 days of fighting above 1,300. The deadliest strike was at a UN-run school in Jabaliya refugee camp in northern Gaza, where 16 people were killed more »
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Fears grow of Ebola spreading to Europe

News Room : July 31, 2014 7:28 am
LONDON: Fears that the West African Ebola outbreak could spread to Europe grew on Wednesday, with the EU allocating extra spending and a leading medical charity warning the epidemic was out of control. Doctors Without Borders (MSF) warned the crisis gripping Guinea, Liberia and Sierra Leone would only get worse and could not rule out more »
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Kerry in New Delhi to reboot ties with Modi

News Room : July 31, 2014 7:25 am
NEW DELHI: US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi, forecasting a transformation in Washington’s troubled relations with New Delhi. Kerry, who landed in Delhi on an overnight flight from Washington, is the highest-ranking member of the Obama administration to visit India since more »
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World stands ‘disgraced’: 16 die as Israel shells UN school

News Room : July 31, 2014 6:41 am
SAN JOSE: UN Secretary General Ban Ki-moon condemned an Israeli strike on a Gaza school that killed 16 people as “unjustifiable” Wednesday, calling for those responsible to be held to account. “This morning a UN school sheltering thousands of Palestinian families suffered a reprehensible attack,” Ban said during a visit to Costa Rica. “It is more »
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Obama’s Eid greeting backfires

News Room : July 31, 2014 6:36 am
WASHINGTON: A White House tweet wishing “Muslims in the US and around the world a blessed and joyous celebration” of Eid has sparked backlash over President Barack Obama’s position on Gaza, where over 100 Palestinians, including several children, were killed in Israeli attacks in less 24 hours. Earlier, Obama’s statement said: “Muslims throughout the United more »
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India court convicts 10 over school fire that killed 94 children

News Room : July 31, 2014 6:34 am
NEW DELHI: A court in India on Wednesday found a headmistress and nine others guilty over a school fire that killed 94 children a decade ago, the first convictions surrounding the tragedy. Twenty one teachers, school officials and others were charged with culpable homicide, gross negligence and other offenses over the blaze that swept through more »
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