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Director / Editor: Victor Teboul, Ph.D.
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Media - Press Releases
Canada. Decline in Total Borrowing by Non-Financial Sectors
Total borrowing by Canada's non-financial sectors (households, private corporations, governments and government business enterprises) fell to $312 billion in the first quarter of 2009, down from $412 billion in the previous quarter. (Full Story)
Canada. GDP declines
Real gross domestic product (GDP) declined 1.4% in the first quarter, the largest quarterly decrease since 1991. Both domestic and international demand continued to weaken. (Full Story)
World faces Grave Danger,warns Amnesty International
The global economic downturn has aggravated human rights violations and distracted attention from abuses, Amnesty International said on Thursday. (Full Story)
Swedes killed in Fighting in Somalia
Several young men who left Sweden to join the radical Islamic militant group al-Shabaab in Somalia have been killed in battle, according to Sweden’s security service Säpo. (Full Story)
German Federal Foreign Office increases Humanitarian aid to Somalia
German Federal Foreign Office increases humanitarian aid for Somalia by one million euro. The Federal Foreign Office of Germany has pledged one million euro for relief measures for civilians in need in Somalia. (Full Story)
Eritrea rejects Allegations
Eritrea has dismissed as "utterly irresponsible" an African Union (AU) request for U.N. sanctions against it for allegedly supplying weapons to insurgents fighting Somalia's new administration. (Full Story)
Ban Ki-moon Condemns Violence in Somalia
UN Secretary General Ban Ki-moon on Thursday "strongly" condemned the recent violence aimed at overthrowing the transitional government in Somalia, which resulted in large number of civilian casualties. (Full Story)
Thousands Fleeing Somali Capital of Mogadishu
Thousands of people are fleeing the Somali capital Mogadishu as government forces and insurgent fighters gear up for renewed fighting, Radio Garowe reports. (Full Story)
Canada. Public Sector Employment Up
Public sector employment reached 3.6 million in the first quarter of 2009, up by 74,000 or 2.1% over the same quarter in 2008. This rate of growth was slower than the annual increase of 3.2% for 2008 as a whole. (Full Story)
Standard & Poor's Launches New Sharia Index
Standard & Poor's, the world's leading index provider, announced on May 27, 2009 the launch of a Shariah compliant version of the S&P/TSX 60. The S&P/TSX 60 Shariah Index is highly correlated to the S&P/TSX 60 Index, and as such provides a comparable investment portfolio while adopting explicit selection criteria defined by Islamic law. (Full Story)
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