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French are worst tourists in the world – Survey

French tourists are the worst in the world, coming across as bad at foreign languages, tight-fisted and arrogant, according to a survey of 4,500 hotel owners across the world. They finish in last place in the survey carried out for internet travel agency Expedia by polling company TNS Infratest, which …

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Ghanaian students in China applauded

Mr. Akwasi Agyeman Agyare, Acting Head of Ghana’s Mission in China, has congratulated Ghanaian students in China for their mutual understanding, cooperation and patience with the government during the difficult period of accessing remittances from the Scholarship Secretariat. Mr Agyare praised the students for their maturity for being sympathetic with …

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Gold price up from two-month low

Gold edged up on Thursday, after falling almost $15 towards $900 an ounce the previous day as investor risk aversion pushed the dollar up versus the euro, dulling bullion’s allure as an alternative asset. The bounce from a two-month low hit on Wednesday was mainly led by bargain-hunting by regional …

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IMF raises Asia’s growth forecast from 4.8% to 5.5%

The International Monetary Fund has raised its 2009 growth forecast for Asia’s developing economies from 4.8 percent to 5.5 percent but cautioned that a sustained rebound will depend on recovery in developed economies. The Washington-based cited improved prospects for regional giants China and India. In a report Wednesday, it raised …

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Oil price rebounds towards $61

Oil rebounded towards $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery. A larger-than-expected rise of 3.7 million barrels in U.S. distillates stocks last week left them at close to …

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Obama tells African leaders to take responsibility for economic failures

U.S. President Barack Obama said African leaders should take responsibility for a lack of economic progress, adding that “excuses” about neo-colonialism had hindered progress on the world’s poorest continent. The U.S. and Western nations can’t be blamed for “disastrous policies” in some African countries or for the economic collapse in …

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Most Asian stocks fall

Most Asian stocks fell, led by Japanese exporters, on concern a strengthening yen will hurt the value of overseas sales. Mining stocks gained after Alcoa Inc. reported a smaller-than-estimated loss. Honda Motor Co., which makes 51 percent of its revenue in North America, dropped 2.3 percent as the yen rose …

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China car sales up 48% on stimulus

China’s passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the world’s third-largest economy. Chinese motorists bought 872,900 cars, sport-utility vehicles and other passenger vehicles last month, the China Association of Automobile Manufacturers said in a statement today. …

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West African church leaders caution against Economic Partnership Agreements

Leaders of churches in West Africa, have cautioned the political authorities in the sub-region against the signing of the Economic Partnership Agreements (EPA) by African, Caribbean and Pacific countries in its present form. The leaders noted that the EPA is not beneficial and will not give member states of the …

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The UN says criminals are ruining West Africa

The United Nations says organised crime is “plundering” West Africa, as illicit goods flood through the region. A report by the UN Office on Drugs and Crime says the smuggling of oil, arms, toxic waste, diamonds and cigarettes continues to flourish in West Africa. Corruption is also rife among senior …

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