Seoul - South Korea's central bank Friday lowered its key interest rate for the third time in less than a month, saying the cut was made necessary by a persisting domestic economic slowdown.
The Bank of Korea's fiscal policy committee decided to cut the benchmark seven-day repo rate by 0.25 per cent to 4 per cent. The cut comes after a dramatic 75-basis-point cut in late October which followed a cut by 25 basis points earlier that month.
Tata-owned steel giant Corus has decided to axe 400 jobs at its distribution unit due to global economic downturn.
The proposed job cuts will be spread across United Kingdom, comprising 100 in the West Midlands, around 100 in North Wales, 50 in South Wales and 50 in Leeds.
The company stated that its distribution business had been operating in an unstable and irregular market since the start of the year.
Islamabad, Nov 7: Secretary General of the Organisation of the Islamic Conference (OIC), Professor Ekmeleddin Ihsanoglu has reportedly expressed concern over the detention of Kashmiri leaders by Indian authorities, and called for their release.
Talking to reporters in Istanbul, Professor Ihsanoglu condemned the continued use of force against Kashmiri people in Kashmir, the Daily Times reported.
Washington, Nov 7 : The International Energy Agency has predicted a 6-degree Celsius rise in temperatures in the future, which is far more than what climate specialists say the environment can cope with.
European policy-makers have set themselves the goal of keeping temperature rises below 2 degree Celsius relative to what they were before the industrial revolution.
London, Nov 7 : Nine out of 10 people in the UK believe that they are victims of workplace taunts and intimidation, a shocking survey has found.
The result came to be known after an online poll of 10,000 people was conducted - and it revealed that 92 percent reckon that they''re being bullied at work.
Fifty six percent believe that it is a serious problem in their office, shop or factory, the study found.
Seoul - South Korea's central bank Friday lowered its key interest rate for the third time in less than a month, saying the cut was made necessary by a persisting domestic economic slowdown.
Tata-owned steel giant Corus has decided to axe 400 jobs at its distribution unit due to global economic downturn.
Islamabad, Nov 7: Secretary General of the Organisation of the Islamic Conference (OIC), Professor Ekmeleddin Ihsanoglu has reportedly expressed concern over the detention of Kashmiri leaders by Indian authorities, and called for their release.
London, Nov 7 : In a bizarre incident, a UFO was spotted shooting red beams of light to the ground as it hovered over Bristol in South West England.
Washington, Nov 7 : The International Energy Agency has predicted a 6-degree Celsius rise in temperatures in the future, which is far more than what climate specialists say the environment can cope with.
London, Nov 7 : Nine out of 10 people in the UK believe that they are victims of workplace taunts and intimidation, a shocking survey has found.
