Fed move to cut rates draws flak from US experts
New York: A prominent group of US economists on Monday criticised the Federal Reserve's recent half-percentage point cut in interest rates, saying reasons the policymakers gave for the move were murky.
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China writes off all debts owned by Afghanistan
Beijing: In a friendly gesture, China has written off all debts owned by Afghanistan and has offered to provide fresh assistance to rebuild the war-torn neighbouring country.
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Sun Micro aims R&D plan at making computing easier
Las Vagas: Computer hardware and software maker Sun Microsystems said on Monday that it would focus its research on simplifying computing over the next five years.
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Diageo faces demand for new terms on Burger King sale
Washington: Diageo, the world's largest liquor company, tried on Tuesday to salvage the sale of its Burger King business after the US investors who had agreed to the deal insisted on more attractive terms.
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Sega, RealNetworks sign deal for classic games
Tokyo: Japanese video game publisher Sega and Internet media delivery company RealNetworks said on Monday they would work together to offer classic Sega games on the PC.
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