Nepal Maoist govt orders to seize passport of defaulters

Taking strong action against the bank loan defaulters Nepal government has decided to revoke their passport. Nepali government will seize the passport of the loan defaulters. "The government has decided to impose a ban on transactions of properties of defaulters, restrict...

APEC leaders: Trade protectionism is road to ruin

As US President George W Bush made a stong advocacy towards capitalism, all nations agreed on keeping free trade. " LIMA, Peru (AP) - Leaders of 21 nations that comprise half the world's economy say it's vital not to abandon free trade _ no matter how punishing the global...

Medvedev Urges Obama to Rethink Missile Shield Plans

Russian president Dmitry Medvedev has said he will call of his threat to deploy missiles in the Kaliningrad region, a Russian excave within the EU, if Barack Obama calls off the Bush Administration's plans to build a missile defense system in Poland and the Czech Republic. An...

IMF playing negative role in global economic crisis

"The International Monetary Fund (IMF) is playing a ‘negative role’ in the current global economic crisis, former prime minister Shaukat Aziz said on Friday. Aziz also stressed the need for a strategy to deal with future challenges. In an interview with ARY OneWorld,...

The latest on the 2008 presidential race exit polls

"The networks will follow strict rules Tuesday on projecting election results, examining not only the data from exit polls but actual vote tabulation and turnout data. NBC — which keeps its decision desk isolated from the calls made by competing networks — will call a...

Merkel Promises Government Help During Economic Bad Times

" German Chancellor Angela Merkel outlined an economic stimulus package aimed at helping companies weather the financial downturn. She also called for a quick reform of the global financial system. The German government is prepared to roll out a series of economic...

Hot button social issues highlight state ballots

"Social issues so volatile that the presidential campaigns sidestepped them will be on the ballots in several states next week, including measures that would criminalize most abortions, outlaw affirmative action and ban same-sex marriage in California, one of only three...

More English councils expected to ban speed cameras

After a period of criticism of speed camera, a number of councils in England are opting to ban them, following the lead of Swindon Council. That area's highway councillor has been critical of speed cameras, saying they aren't effective in increasing road safety."Several more...

Asian governments move to halt stock market slide

Governments in Asia are pumping in big funds to fight off the credit crunch emerging out of global crisis. Governments are also cutting down cash reserve and interest rate to make more liquidity. Hong is cutting its key interest rate by 100 basis points effective Thursday....