Japanese economy faces gloomy phase

An 8.5 per cent job cut took place in November 2008. Many companies have reduced the output costs as demand for their cars, electronics and machinery evaporates. Yosano, the Economics Minister of Japan said, “This drop is likely to continue.”

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Hydropower potential of Nepal remains untapped

Although Nepal is well endowed with all this potential, it has not been able to develop its hydro resources effectively. Most of the population is still dependent on traditional sources of fuel such as wood and animal dung etc .

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Grim crisis brewing in northern Sri Lanka

Grim humanitarian crisis is brewing in Sri Lanka, where 250,000 people are trapped in a 250 sq-km area, which has come under intense fighting between the Sri Lanka security forces and the LTTE in northern part of the island nation..

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Madame Tussauds to include First Lady Michelle Obama

The wax statue of US first lady Michelle Obama will be added to Tussauds collection of famous figures in its Washington branch. Designers will spend six months on the figure, studying photographs and video features of the first lady.

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US Presidential Elections: The universal connection

Mumbai attack, Israel strike in Gaza Stripe, Pakistan’s political turmoil, Iran’s nuclear programme or human rights violations, there is expectation of a series of directives from Washington on these issues. In other words, the US affects.

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Blagojevich considered Oprah for Obama's seat

Illinois governor Rod Blagojevich said that he considered giving the Illinois senate seat, vacated by Obama, to talk show host Oprah Winfrey. An impeachment trial is currently underway against Blagojevich..

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US will continue missile strikes in Pak: Gates

Defence secretary, Robert Gates said that US armed forces would continue missile strikes in Pakistan to root out Al-Qaeda hideouts. However, Republican John McCain warned that troop increase in Afghanistan may not bring the desired result. .

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