IMF fears recession in case of long war
Washington: The International Monetary Fund has become more downbeat about global economic prospects because of the war in Iraq, according to an interview with its managing director, Horst Koehler, published on Wednesday.
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War forces BA to speed up job cuts
London: War in Iraq forced Europe's largest airline, British Airways, on Wednesday to cut capacity by four per cent, including the suspension of some flights to the United States, and speed up extensive job cuts.
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Lord Paul, Bilimoria among UK's richest Asians
London: Leading NRI industrialist Lord Swraj Paul, founder of Cobra Beer Karan Bilimoria and controversial author Salman Rushdie figure in a list of Britain's richest Asians named in a new report, but surprisingly steel baron Lakshmi Mittal and the Hinduja brothers are not named in it.
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