Featured

Czech energy firm CEZ boosts third-quarter net profit 46 per cent

Czech energy giant CEZ's net profit up by 67 per cent in Q2 Prague- The Czech energy firm CEZ said Thursday its net profit jumped by 46 per cent to 12.3 billion koruny (608.6 million dollars) in the third quarter of 2008, from 8.42 billion koruny in the same period the previous year.

The state-controlled company reported July-September sales of 41.4 billion koruny (2 billion dollars), up by 2.6 per cent from 40.3 billion koruny last year.

CEZ saw strong results in the third quarter despite falling energy prices amid the turmoil on the global financial markets.

Karzai in London talks as violence and death toll rise

Afghan President Hamid KarzaiLondon - Afghan President Hamid Karzai said Thursday in London that he does not see security worsening in Afghanistan, even as the British death toll in the conflict rose to 124.

"Violence is not getting worse. It is the same level as it was for the past year or two. The whole effort is to make it better and to bring violence down," he said.

UAE leaders greet King Albert on King's Day

King Albert IIDhabi, 13th Nov. 2008 -- President H. H.

Reform global financial system, former leaders urge

Reform global financial system, former leaders urgeRotterdam- ­ Former world leaders meeting in the Dutch city of Rotterdam this week have urged the leaders of the G20 who will meet in Washington next week, to reform the world's existing financial system.

A statement released on Thursday by the General Assembly of the Club of Madrid said in-depth reform of the global financial architecture" is needed.

Protect developing countries will be India's message to G20

Dr Manmohan SinghNew Delhi - Prime Minister Manmohan Singh said Thursday that India's message to the G20 nations would be that every effort must be made to ensure that the global financial crisis had minimum impact on developing countries.

Singh, who is scheduled to join leaders of the world's top 20 economies to discuss the crisis at a summit in Washington on Saturday, was speaking at a press briefing in the Indian capital after a meeting of a regional group of South and South East Asian nations.

Manmohan Singh to ask G-20 to protect developing economies

IMFNew Delhi, Nov 13 : Prime Minister Dr. Manmohan Singh said on Thursday that G-20 would be urged to protect the developing economies from the effects of global recession.

Emerging economies of the G20 are expected to demand a greater say in global financial decision-making at their summit with industrialised nations after the crisis put major nations on the verge of recession.

Pages