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Nepal And The World News In Brief (2 - 8 December 2013)

  2 min 8 sec to read

WTO Members Fail to Agree Free Trade Deal 
Negotiators have failed to fix a deal for a crunch summit next week, casting a shadow over efforts to revive stalled talks on slashing barriers to global commerce, the head of the WTO said on Tuesday. “The reality is that we have proved that we can’t cross the final yard here in Geneva. The process here is over,” World Trade Organisation chief Roberto Azevedo told reporters. 
 
India Ahead of US, China in Investment Destination 
India has spurted ahead of China and the US as the most attractive investment destination, a survey by global professional services firm Ernst & Young (EY) says. EY’s ninth bi-annual capital confidence barometer has ranked India as the most attractive investment destination followed by Brazil, while China is at third place.
 
UK Moves to Cool Property Market
The UK is ending cheap bank funding for new mortgages in a bid to control the growing risk of a property bubble. House prices have increased by about 7% in a year, raising concerns that borrowers may have trouble making repayments when interest rates start to rise from their record low levels.
 
Black Friday Shopping Marred by Violence
Several outbreaks of violence have marred the US Black Friday shopping frenzy, as bargain-hunters besieged malls across the US. In Chicago police shot an alleged shoplifter; a robber shot a shopper in Las Vegas; and a California police officer was injured in a fight. Black Friday, the day following the Thanksgiving holiday, is the biggest shopping day of the year in the US.
 
Switzerland: Best Country for Top Talent
Switzerland comes out on top, according to the Global Talent Competitiveness Index, launched Tuesday by European business school Insead. The new index rates 103 countries on 48 factors including education, government policy and quality of life. The US trailed in ninth place. First placed Switzerland excelled in all categories, and stood out for its long-standing commitment to high-quality education, according to the report. Singapore came second. The authors noted that the city-state was highly competitive because of a clear strategy to grow and attract the best and brightest employees.

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