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Fitch: Devaluation to Pressure Kazakh Utilities
17 February 2014 19:22
The recent 19% tenge devaluation will significantly knock the credit metrics of rated Kazakh utilities and transport companies Fitch Ratings says. This is because of the currency mismatch between their debts and revenues and because most Kazakh companies do not use hedging to reduce their exchange-rate risk exposure.
Global imports of information technology goods approach US$2 trillion
13 February 2014 12:09
World imports of information and communication technology (ICT) goods stood at almost US$2 trillion in 2012, according to the latest data released by UNCTAD, up from US$1.8 trillion in 2011.
Marking Safer Internet Day, UN champions global efforts for child online protection
13 February 2014 11:37
The United Nations and its partners are celebrating Safer Internet Day today with a special focus on education strategies to promote greater online safety for children and young people.
Kazakhstan announces about devaluation of tenge by 20%
11 February 2014 19:55
National Bank of Kazakhstan announced about devaluation of national currency – tenge – by 20% on Tuesday, 11 February 2013.
Satya Nadella
05 February 2014 10:19
On 4 February, Microsoft Corp. announced that its Board of Directors has appointed SatyaNadella as Chief Executive Officer and member of the Board of Directorseffective immediately. Nadella previously held the position of Executive Vice President of Microsoft’s Cloud and Enterprise group.
Eurasia should make the most of its natural resources, says World Bank
05 February 2014 10:11
Having natural resources does not have to be a curse, it can be a blessing if the countries ensure proper management of revenues from natural resources, invest earnings in building up physical and human capital, and improve institutions, says the World Bank’s newly-released report “Diversified Development: Making the Most of Natural Resources in Eurasia”.
Warning of ‘humanity divided,’ UN urges job creation, inclusive growth strategies
30 January 2014 13:28
Raising the alarm against deepening income disparities in countries around the world, the head of the United Nations Development Programme (UNDP) called for a shift to more inclusive growth patterns – supported by redistributive polices and changes in social norms.
Global foreign direct investment rises to pre-crisis levels, UN reports
30 January 2014 13:05
Global foreign direct investment (FDI) rose to levels not seen since the start of the global economic crisis in 2008, increasing by 11 per cent in 2013 to an estimated $1.46 trillion, with the lion’s share going to developing countries, according to a United Nations report released.
Secretary-General Ban Ki-moon addresses the General Assembly. UN Photo/Paulo Filgueiras
18 January 2014 01:38
On 17 January 2014, the UN Secretary-General Ban Ki-moon called for action to address underlying threats in world hotspots, promote development and to protect the planet, in his first address of the year to the entire United Nations membership, in which he also expressed grave concern at the ‘immoral and irresponsible actions’ of some global leaders.
Global economy at turning point, says World Bank
16 January 2014 00:03
The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects (GEP) report.


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