US economy grows slower than projected; expands 2.8% in Dec quarter

WASHINGTON: The world’s largest economy US grew at a slower pace than projected, expanding just 2.8 per cent in the last three months of 2010.

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SLPA Chief paints rosy picture for shipping

By Sunimalee Dias
Colombo port is today witnessing a growth rate of 33% compared to 2010 while remaining firm on gaining over 4.5 million TEUs by the end of the year.

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Vettori pleads for runs after big defeat to Australia

New Zealand captain Daniel Vettori called on his batsmen to stand up and be counted after a crushing World Cup defeat to Australia in Nagpur on Friday.

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Rising food prices or foodflation: Not too small a monster to be ignored

In a previous My View – Economics Matters Column titled ‘The Scary Monster Again: A Global Food Crisis in the Offing,’ we drew the attention of readers to a looming global food shortage (available at http://www.ft.lk/2011/02/07/the-scary-monster-again-a-global-food-crisis-in-the-offing/).

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SriLankan Catering wins double glory at global Mercury Awards

SriLankan Catering achieved the rare feat of winning two of the seven prestigious Mercury Awards – the most sought after accolades in the global travel catering industry presented by the International Travel Catering Association (ITCA).

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Airlines set for losses as Mideast unrest hits

(Reuters) – Airlines operating flights to the Middle East and North Africa could face losses this year, as tourism slumps and oil prices surge amid political uncertainty and escalating violence.

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Daily FT-Emirates cricket bonanza

The first set of winners of the Daily FT-Emirates cricket bonanza watched the inaugural 2011 World Cup Cricket Colombo match between Sri Lanka and Pakistan on Saturday. Here one of the Daily FT readers and winners Vajira Jayagoda (seated third from left wearing Fly Emirates cap) is enjoying the match. See quiz coupon below to win tickets for the last two preliminary round matches in Colombo

Travails and treasures of telecommuting

Travelling to a workplace is not the most pleasant experience, in the current Sri Lankan scenario. When the number of vehicles rises and the roads remain same, the obvious realty is increasing congestion. Can we work from home without going to an office? A rising global trend offers interesting insights on this.

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New Asia-ECSA service loop added to current NHX Service

Nippon Yusen Kaisha (NYK), Hyundai Merchant Marine (HMM), Kawasaki Kisen Kaisha (“K” Line), and Pacific International Lines (Pte) Ltd. (PIL) have announced the launch of a new biweekly service (NHX-2) from Asia to the east coast of South America (ECSA).

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Djokovic beats Federer for Dubai title

DUBAI, Feb 26 (Reuters) – Defending champion Novak Djokovic won his third consecutive title at the Dubai championships when he defeated top seed Roger Federer 6-3 6-3 in just 71 minutes on Saturday.

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