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India bans Chinese telecoms imports

Posted by cuteeleslie on April 30th, 2010

The Indian government is blocking purchases of telecoms equipment from Chinese vendors on national security grounds, ratcheting up trade tensions between Asia's fastest-growing large economies.The practice has prompted complaints from Beijing and is causing havoc for mobile operators in India, which need enormous amounts of equipment to sustain an industry that is adding 20m new users a month.

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General Market News

Spain unemployment tops 20 percent

Posted by cuteeleslie on April 30th, 2010

Unemployment in Spain has reached 20.05 percent, meaning 4.6 million people are out of work, the Spanish government announced Friday.The figure, from the first quarter, is up from 19 percent and 4.3 million people in the previous quarter. It represents the highest unemployment rate in the European Union.

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Fraud case upstages Goldman earnings

Posted by cuteeleslie on April 21st, 2010

Goldman Sachs on Tuesday failed to stem the fallout from US civil fraud charges levied against it, as bumper first-quarter results were overshadowed by investors' concerns over the case's implications for Wall Street's premier investment bank.

If you are interested in learning more about human resources, or if you just want to hone your skills as a human resources manager, here are 50 free open courseware classes about human resources.

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Stocks rise on consumer hopes

Posted by cuteeleslie on April 9th, 2010

Stocks gained Thursday as upbeat sales reports from the nation's retailers helped provide optimism about the economic outlook, taking the edge off worries about Greece and other euro zone debt issues.

With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans.A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Pr

The economy seems to be recovering but is "far from being out of the woods," Federal Reserve chief Ben Bernanke said in a speech Wednesday.Bernanke, speaking before the Dallas Regional Chamber business group, said unemployment remains one of the "toughest problems" for policymakers, and one that he expects to ease only gradually.

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