Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Nepal And The World News In Brief (21 -27 October 2013)

  2 min 8 sec to read

Canada and EU Agree Free-Trade Deal
Canada and the European Union have struck a free trade agreement aimed at boosting growth and employment. The deal will lower tariffs, streamline regulation, and cut red tape. Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso agreed the deal at a meeting in Brussels on Friday. The deal still requires approval by parliaments and EU member states.
 
Dr. Martens Up for Sale
Britain’s iconic Dr. Martens boots look set to find a new home, ending more than 50 years of family ownership. Sources familiar with the situation say the Griggs family is in talks to sell its 91.5% stake in the company to private equity firm Permira for £300 million ($486 million). Dr. Martens leather, lace up boots have been a signal of youth rebellion since they were first produced in 1960. Waves of subcultures -- from skinheads to punks and gothic followers -- have embraced the footwear.
 
China’s Economic Growth Speeds Up 
China’s economy powered ahead in the third quarter, taking some pressure off the country’s leaders as they seek to execute painful structural reforms. Gross domestic product grew 7.8% over the previous year during the third quarter, the National Bureau of Statistics reported Friday. 
 
‘Shutdown encouraged foes, depressed friends’
US President Barack Obama has warned that America’s recent bout of political dysfunction had encouraged its enemies and dismayed its friends, and said the crisis left “no winners” in Washington. “Let’s be clear. There are no winners here,” Obama  said. He spoke less than 11 hours after signing legislation that ended a 16-day government shutdown and a showdown over raising his government’s borrowing authority. 
 
WB Lowers India’s GDP Growth 
The World Bank has revised downwards India’s economic growth forecast for the current fiscal to 4.7 per cent. This is against the 6.1 per cent growth projected in April. India’s GDP growth is, however, expected to accelerate to 6.2 per cent in 2014-15, the World Bank said in the latest India Development Update released on Wednesday. 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.