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23 June 2010 5:29 PM | Tagged: labour strife business
Hundreds of Bangladeshi garment factories supplying western buyers such as Marks and Spencer, Tesco, Walmart and H&M gradually reopened under heavy police protection on Wednesday, after days of violent protests by tens of thousands of labourers demanding higher wages.About 1,000 riot police moved to ensure order at the Anshulia industrial estate, outside Dhaka after riots and vandalism by gar

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23 June 2010 5:28 PM | Tagged: growth spurt business
The eurozone’s economic growth spurt is showing fresh signs of losing momentum with a closely-watched survey flashing warnings of a slowdown ahead.June’s purchasing managers’ indices for the 16-country region indicated that the brisk pace of export-led economic expansion seen in the second quarter of this year marked a peak in the upswing.

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23 June 2010 3:07 PM | Tagged: iron ore deposits business
The government of Guinea has raised the stakes in a dispute with Rio Tinto by threatening to strip the Anglo-Australian mining group of more of its rights to one of the world’s biggest undeveloped iron ore deposits.Officials in the military-backed government of Guinea have been angered by what they see as Rio’s failure to acknowledge an earlier administration’s 2008 decision to reclaim the rights

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23 June 2010 2:37 PM | Tagged: tokyo stock exchange business
Nissan’s Carlos Ghosn has taken top spot on an emerging list of Japan’s best-paid executives, after the carmaker on Wednesday revealed that it paid its Brazilian-born chief executive Y890m ($9.8m) last year.Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first time under new rules introduced by the Tokyo Stock Exchange.

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23 June 2010 2:37 PM | Tagged: tivoli gardens business
Jamaican police have captured reputed drug baron Christopher “Dudus Coke, according to Owen Ellington, police commissioner.Mr Coke was captured almost a month after security forces invaded his base in the enclave of Tivoli Gardens in the western section of Kingston, the capital, and were engaged by his supporters in firefights that left 73 people dead.

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23 June 2010 5:57 AM | Tagged: infighting business
Supporters of Iran’s president demonstrated outside the country’s parliament on Tuesday after MPs dealt Mahmoud Ahmadi-Nejad a severe blow by rejecting one of his key proposals.The move to prevent Mr Ahmadi-Nejad from expanding his control over Azad University in Tehran was the latest sign of infighting within the fundamentalist camp that dominates the regime.

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23 June 2010 4:57 AM | Tagged: plan investors business
Investors were mulling the £40bn question on Tuesday as the new coalition’s emergency Budget sparked fears over the severity of the fiscal tightening.Although gilt prices and sterling rose, the worry for many investors is that the £40bn in extra fiscal tightening will hit growth and put the economy into reverse.

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23 June 2010 4:57 AM | Tagged: national economic council business
Peter Orszag, White House budget director, on Tuesday became the first high-profile Obama administration official to step down from office.Mr Orszag, 41, whom Mr Obama dubbed a “propeller-head in reference to his geeky character, helped shepherd through last year’s $787bn fiscal stimulus and played a vital role in negotiating the almost $1,000bn healthcare bill that was passed in March.Speculatio