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After Fed, Europe's central banks to decide on rates
After Fed, Europe's central banks to decide on rates
Business and Economy
by  AFP

A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over turmoil in the global banking sector. In between the decisions by the SNB and BoE, the Norwegian central bank is predicted to raise its interest rate by a quarter-point to 3.0 percent.

Brazil's Lula irks foreign oil companies with new tax
Brazil's Lula irks foreign oil companies with new tax
Business and Economy
by  AFP

Brazilian President Luiz Inacio Lula da Silva has not even been in power for 100 days but has already provoked the wrath of foreign oil companies with the creation of a new tax on crude exports. It has attracted scorn not just from foreign oil companies, with newspaper O Globo calling it "a very bad idea" in a recent editorial.

Reagan's 'Star Wars' at 40: Battle of the satellites
Reagan's 'Star Wars' at 40: Battle of the satellites
Business and Economy
by  AFP

Forty years after US president Ronald Reagan stunned the nation and world with his "Star Wars" plan to take nuclear competition into outer space, a new battle of the satellites has emerged in the stratosphere. Nevertheless space ultimately has become a major theater of strategic competition -- just not the way Reagan envisioned.