The U.S. trade deficit with China cost 2.3 mln American jobs between 2001 and 2007, the Economic Policy Institute said in a report likely to fuel debate about free trade ahead of November elections. Even when they found new jobs, workers displaced by job loss to China saw their earnings decrease by an average of
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Outsourcing is favored as a business tool across Europe, according to a new survey by Ernst & Young of more than 600 decision makers in European companies. The survey highlights that 70% of respondents already outsource at least one function of their business, with 20% set to increase their level of outsourcing in the next
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Keep to community, environment issues When the local Green party gets involved with serious issues concerning the environment, natural resources, community and the extremes of poverty and prosperity, they seem to gain popular support. Whenever a party spokesman blabbers on about politics, they just become “one of the same”, boring people out of their wits.
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All of the premium tickets at 60 and 80 euros for the first two nights of the Madame Butterfly opera to be staged at the Paphos castle on Friday, August 29, and Saturday, August 30, have been sold out, according to the organisers Paphos Aphrodite Festival. Tickets are available for the 35- and 50-euro seats,
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The Austrian industry-holding stock corporation, Österreichische Industrieholding Aktiengesellschaft (ÖIAG), has started the tender process for selling its 42.75% stake in Austrian Airlines. The Austrian Government gave the go-ahead Tuesday for the search for an appropriate investor by issuing the privatization mandate. The privatization mandate entitles ÖIAG to sell up to 100% of its shares, ensuring
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Moody's Investors Service has placed on review for possible downgrade the D- bank financial strength ratings (BFSRs) and Ba1 long-term local currency deposit ratings of the two rated Georgian banks, Bank of Georgia and TBC Bank. The rating agency has also changed the outlooks on these banks' B3 foreign currency deposit and Ba2 debt ratings
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Moody's Investors Service has confirmed, with a positive outlook, the B2 long-term foreign-currency deposit ratings of 22 Ukrainian banks. The ratings of foreign currency debt instruments issued by five Ukrainian banks have also been confirmed, with a positive outlook. This rating action has been triggered by confirmation, with a positive outlook, of the B1 foreign-
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The Islamic finance sector boasts a growing number of players that are attracted by soaring profits. Moreover, the sector is characterized by unabated demand and government support, especially in the Middle East and Muslim Asia, a special report by Moody’s Investor Service has said. Questions about the growing sector of Islamic finance are addressed in
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Ericsson is launching a pilot in Bangladesh to demonstrate how to improve productivity and quality of life in the country with the use of high-speed internet services through 3G/HSPA technology. The pioneering project, called Alokito Bangladesh (Enlightened Bangladesh), will demonstrate high-speed internet access and a range of advanced services – including mobile health and mobile
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LONDON, Aug 13 (Reuters) – Thomas Cook, Europe's No.2 travel company, said on Wednesday that current trading has been strong in the summer 2008 season, and trading for winter 2008/9 and summer 2009 is ahead of last year. The group, created last year from the tie-up of German retailer Arcandor's travel unit and Britain's MyTravel,
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