Economy

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Afghanistan says to begin work on huge gas pipeline
Afghanistan says to begin work on huge gas pipeline
by  AFP

Afghanistan said Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border.

UK economy stalls, dealing blow to new government
UK economy stalls, dealing blow to new government
by  AFP

Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list. Analysts had predicted a slight uplift in growth for July, while previous data showed the UK economy grew at a slightly slower pace in the second quarter compared with the first.

Amazon to invest £8 bn in UK in boost for new Labour govt
Amazon to invest £8 bn in UK in boost for new Labour govt
by  AFP

US tech giant Amazon is to invest £8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday. "I am determined to go further so we can deliver on our mandate to create jobs, unlock investment and make every part of Britain better off.