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February 22: News Views

  • February 22: News Views

    February 22: News Views

  • <p><b>Google Inc executive Wael Ghonim addresses a mass crowd inside Tahrir Square in Cairo</b>
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Prime Minister Vladimir Putin&#39;s deputy blamed Google Inc in an interview published on Tuesday for stirring up trouble in the revolution that ousted Egyptian leader Hosni Mubarak.
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&#39;Look what they have done in Egypt, those highly-placed managers of Google, what manipulations of the energy of the people took place there,&#39; Russian Deputy Prime Minister Igor Sechin told the Wall Street Journal.
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Such strong comment from one of Putin&#39;s most trusted deputies is a clear signal of growing concern among Russian hardliners about the role of the Internet in the unrest which has swept across the Arab world.
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Sechin gave no further details on his concerns. Google executive, Wael Ghonim, became an unlikely hero of the uprising in Egypt which led to Mubarak&#39;s deposition.
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In contrast to state television, Russia&#39;s Internet is remarkably f

    Google Inc executive Wael Ghonim addresses a mass crowd inside Tahrir Square in Cairo

    Prime Minister Vladimir Putin's deputy blamed Google Inc in an interview published on Tuesday for stirring up trouble in the revolution that ousted Egyptian leader Hosni Mubarak.

    'Look what they have done in Egypt, those highly-placed managers of Google, what manipulations of the energy of the people took place there,' Russian Deputy Prime Minister Igor Sechin told the Wall Street Journal.

    Such strong comment from one of Putin's most trusted deputies is a clear signal of growing concern among Russian hardliners about the role of the Internet in the unrest which has swept across the Arab world.

    Sechin gave no further details on his concerns. Google executive, Wael Ghonim, became an unlikely hero of the uprising in Egypt which led to Mubarak's deposition.

    In contrast to state television, Russia's Internet is remarkably f

  • <p><b>A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange</b>
</p><p>
Goldman Sachs will relocate Ankur Sahu, a partner in its private equity business, to Mumbai from Tokyo as part of a reorganisation under which he will co-head private equity for Asia, an internal memo showed.
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Sahu and Andrew Wolff, who is based in Hong Kong, were named co-heads of Goldman&#39;s private equity business in Asia under a new structure that combines operations in Japan, India and the rest of Asia into a single unit, the memo said.
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&#39;This is intended to increase collaboration among various offices and enhance cross-border business potential,&#39; the memo said.
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Goldman Sachs has invested about $2 billion in private equity in India since 2007, including a stake in insurer and hospital operator Max India Ltd.
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Private equity investment in India nearly doubled last year to about $8 billion, according to Venture Intelligence, a

    A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange

    Goldman Sachs will relocate Ankur Sahu, a partner in its private equity business, to Mumbai from Tokyo as part of a reorganisation under which he will co-head private equity for Asia, an internal memo showed.

    Sahu and Andrew Wolff, who is based in Hong Kong, were named co-heads of Goldman's private equity business in Asia under a new structure that combines operations in Japan, India and the rest of Asia into a single unit, the memo said.

    'This is intended to increase collaboration among various offices and enhance cross-border business potential,' the memo said.

    Goldman Sachs has invested about $2 billion in private equity in India since 2007, including a stake in insurer and hospital operator Max India Ltd.

    Private equity investment in India nearly doubled last year to about $8 billion, according to Venture Intelligence, a

  • <p><b>Prime Minister Manmohan Singh speaks during a conference in New Delhi </b>
</p><p>
The government will set up a cross-party parliamentary probe into the multi-billion dollar telecoms corruption scandal, Prime Minister Manmohan Singh said on Tuesday, caving into an opposition demand.
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The probe was a condition imposed by the main opposition Bharatiya Janata Party (BJP) for the smooth running of the session where the budget will be presented and a landmark tax reform will be debated.
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&#39;Our country can ill afford a situation when parliament is paralysed,&#39; Singh told parliament. 
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    Prime Minister Manmohan Singh speaks during a conference in New Delhi

    The government will set up a cross-party parliamentary probe into the multi-billion dollar telecoms corruption scandal, Prime Minister Manmohan Singh said on Tuesday, caving into an opposition demand.

    The probe was a condition imposed by the main opposition Bharatiya Janata Party (BJP) for the smooth running of the session where the budget will be presented and a landmark tax reform will be debated.

    'Our country can ill afford a situation when parliament is paralysed,' Singh told parliament.

  • <p><b>A worker turns a valve to release drilled oil, near the Dead Sea </b>
</p><p>
US crude futures hit a 2-1/2 year high on Tuesday on concern that violence in Libya could cut more of the OPEC-member&#39;s output and that a similar story could play out in other top oil producers in North Africa and the Middle East.
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As deadly clashes wracked Libya&#39;s biggest cities, one international oil firm shut down as much as 100,000 barrels per day (bpd) of output, about 6% of production in Africa&#39;s third-largest producer.
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Other big oil firms said they were withdrawing staff as Libyan leader Muammar Gaddafi fought to hang on to power and dozens were reported killed in the capital, Tripoli.
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US crude for March delivery , which expires on Tuesday, touched its highest since October 2008 at $94.49 a barrel. The contract trimmed gains later to trade at $94.20 a barrel by 0659 GMT, still up more than $2 from late Monday.
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Brent crude for April delivery ros

    A worker turns a valve to release drilled oil, near the Dead Sea

    US crude futures hit a 2-1/2 year high on Tuesday on concern that violence in Libya could cut more of the OPEC-member's output and that a similar story could play out in other top oil producers in North Africa and the Middle East.

    As deadly clashes wracked Libya's biggest cities, one international oil firm shut down as much as 100,000 barrels per day (bpd) of output, about 6% of production in Africa's third-largest producer.

    Other big oil firms said they were withdrawing staff as Libyan leader Muammar Gaddafi fought to hang on to power and dozens were reported killed in the capital, Tripoli.

    US crude for March delivery , which expires on Tuesday, touched its highest since October 2008 at $94.49 a barrel. The contract trimmed gains later to trade at $94.20 a barrel by 0659 GMT, still up more than $2 from late Monday.

    Brent crude for April delivery ros

  • <p><b>A couple take their wedding vows during their wedding ceremony in Ahmedabad </b>
</p><p>
The government is considering adopting a policy from its impoverished and war-torn neighbour Afghanistan to help tackle a domestic food crisis: rein in lavish wedding parties of the rich.
</p><p>
The government is mulling a plan to feed the country&#39;s poor, by restricting extravagant feasts at the weddings and parties of the burgeoning middle class, Mail Today newspaper reported on Tuesday.
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The economy has been growing an average 8.5% over the last five years, helping to propel millions of people into what is often termed the great Indian middle class and making the South Asian giant a darling for overseas investors.
</p><p>
But with steady growth has come high inflation, pushed up by soaring food prices that have hit India&#39;s poor the hardest. Headline inflation in December was above 8.4% while food inflation hit a one year high of 18.3% the same month.
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&#39;W

    A couple take their wedding vows during their wedding ceremony in Ahmedabad

    The government is considering adopting a policy from its impoverished and war-torn neighbour Afghanistan to help tackle a domestic food crisis: rein in lavish wedding parties of the rich.

    The government is mulling a plan to feed the country's poor, by restricting extravagant feasts at the weddings and parties of the burgeoning middle class, Mail Today newspaper reported on Tuesday.

    The economy has been growing an average 8.5% over the last five years, helping to propel millions of people into what is often termed the great Indian middle class and making the South Asian giant a darling for overseas investors.

    But with steady growth has come high inflation, pushed up by soaring food prices that have hit India's poor the hardest. Headline inflation in December was above 8.4% while food inflation hit a one year high of 18.3% the same month.

    'W

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