By Agency Reporter Friday, 24 Dec 2010 ATHENS: The Greek parliament has approved the country’s 2011 budget, bringing in sweeping austerity measures, according to a British Broadcasting Corporation report on Thursday. The budget imposes more spending cuts and tax rises, as required by the European Union and the International Monetary Fund […]

By Tom Burgis in Lagos December 16 2010 Heavy election-season spending in Nigeria risks exposing sub-Saharan Africa’s biggest oil producer to economic instability and potentially a currency shock, senior officials and bankers have warned, as fears mount over the rapid depletion of foreign reserves.   Successive governments have all but […]

By Agency Reporter Saturday, 4 Dec 2010 SEOUL: Samsung Electronics Company and LG Display Company, the world’s two biggest makers of liquid-crystal displays, said they received the Chinese government’s approval to build LCD factories in the country and meet surging demand, Bloomberg reported on Thursday. Samsung spokesman James Chung and Son […]