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/ 28 May 2008

Japan pledges to double aid to Africa

Japanese Prime Minister Yasuo Fukuda pledged on Wednesday to double Tokyo’s aid to Africa by 2012 to spur growth and attract private investment — a model that helped propel post-war Japan into economic prosperity. Japan will provide up to -billion in flexible, low-interest ”soft loans” to Africa over the next five years.

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/ 13 March 2008

Freer world trade could bring $120bn benefit

Freer trade could bring benefits worth up to -billion a year to the world economy, according to a study on Thursday that dismisses growing unease about globalisation. The report, by two economists in Australia and Britain, also suggested greater immigration to rich nations from developing countries would raise economic growth.

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/ 16 February 2008

Bush to bring ‘compassion’ to Africa

President George Bush set off on Friday on a five-nation tour of Africa, touting American compassion for the poor on a continent where he already basks in high approval ratings. Bush aims to use the week-long Africa voyage, likely his last as US president, to bolster his legacy and highlight efforts to resolve regional disputes.

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/ 13 February 2008

IEA: Oil market could be set for lengthy slowdown

The world oil market could be set for a lengthy slowdown, the International Energy Agency (IEA) said on Wednesday, signalling a sharp shift in the climate that pushed the oil price to $100 last month. "Just as the demand shock of 2004 shaped the oil market for the next three years, so too could the pending slowdown," the IEA said in its monthly review of oil trends.

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/ 13 January 2008

Economists in search for keys to happiness index

President Nicolas Sarkozy’s talk of creating a new growth and well-being index for France is part of a mounting global campaign that many economists believe will shape civilisation and democracy in the 21st century. Sarkozy presented his recruitment of Nobel prize-winning economists Jospeh Stiglitz and Amartya Sen to work on a quality-of-life index.

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/ 11 January 2008

Africa to get together to solve tax problems

Tax collectors from 39 countries around the world meeting in an Organisation for Economic Cooperation and Development-sponsored conference on Friday agreed to support a further conference specifically on taxation in Africa. The conference will be hosted by the South African Revenue Service, and will take place in May this year.

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/ 16 November 2007

Accord may encourage clean energy use

A new World Trade Organisation (WTO) accord could improve access to clean-energy tools in poorer countries, but any deal making it easier to ship cargo internationally would also carry a heavy carbon footprint. Environmental economists are uncertain about the relative merits of the WTO’s Doha round.

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/ 7 November 2007

Oil crosses $98 a barrel

Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries’s apparent reluctance to pump more crude into the market also boosted prices.