Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

Sunday, June 3, 2012

Women win first Kabaddi World Cup

AppId is over the quota
AppId is over the quota
5 March 2012 Last updated at 07:03 GMT Indian team after their win (PTI) India dominated the game from the start India has won the first women's Kabaddi World Cup championship, beating Iran 25-19 in a thrilling game played in Patna, in the state of Bihar.

India had the upper hand throughout the match and was 19-11 at half-time.

Kabaddi is a field sport which originated in India.

Two teams take turns to send a raider to the other's territory, or half, tag members of the opposing team, and return "home" without being blocked by defenders on the other side.

While he is "tagging" his opponents, the raider has to hold his breath and chant "kabaddi, kabaddi".

The final was played at the Patlipura sports complex on Sunday.

Earlier in the day, India beat Japan 60-21 while Iran defeated Thailand 46-26 in the semifinals to reach the final.


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Monday, February 27, 2012

BRICS to Look at Bid for Top World Bank Job

The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.

Per-Anders Pettersson | Getty ImagesWorld Bank building in Washington, DC.Finance chiefs from the BRICS group of emerging market powerhouses - Brazil, Russia, India, China and South Africa - met on the sidelines of a G20 meeting in Mexico City and agreed the top World Bank job should be open to all countries.

"Candidates should be based on merit and not on nationality," Brazilian Finance Minister Guido Mantega told reporters.

Another BRICS official said the group will discuss the possibility of putting up their own candidate to challenge  whoever the U.S. government nominates. "Certainly it is a discussion we will have."

Countries have until March 23 to submit names for the top post and a decision is likely by April meetings of the World Bank and International Monetary Fund.

Americans have held the top job since the World Bank was set up at the end of the Second World War but the unwritten rule has in recent years faced more

resistance, along with the tradition that a European heads the International Monetary Fund, as emerging economies gain more economic clout.

"It is time we break the traditions of the U.S. and Europe sharing the two seats and amongst all of us we must try harder this time to find some consensus," said Pravin Gordhan, South Africa's finance minister.

Robert Zoellick, the current World Bank president, plans to step down at the end of June after deciding against seeking a second five-year term.

The United States has said it will nominate a replacement candidate but has not yet said who it will be.

Possible candidates are thought to include former U.S. treasury secretary Lawrence Summers, current Secretary of State Hillary Clinton, and Susan Rice, the U.S. ambassador to the United Nations. The State Department has said Clinton would not be taking the job.

The World Bank is the leading provider of development aid to poorer countries and its president is one of the world's top policymakers.

"They can put forward their candidate," Gordhan said, referring to the United States. "But rather than it becoming a destructive exercise, it should be a constructive process so that we attempt to build consensus on who the candidate should be. It is idealistic but let's give it a shot."

Copyright 2012 Thomson Reuters. Click for restrictions.

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Saturday, February 25, 2012

Greek Debt Deal Merely Buys Time: World Bank's Zoellick

The latest Greek bailout totaling 130 billion euros would merely buy time, outgoing World Bank President Robert Zoellick said in an interview in Singapore with Reuters.

JHSB | ChinaFotoPress | Getty Images"It's too early to know, partly it depends on the actions the Greeks have to take," he said. "I think that the European Union has dealt with Greece as one element but the core elements are really going to be the success of some of the bigger countries, such as Italy and Spain."

But he said bailouts weren't necessary for these two countries or Portugal.

"Each country's situation is different and you really have three interconnected problems. For some it's the size of the sovereign debt, for some it's the effect on the banking industry, and for some it's their competitiveness," he said adding that "Spain and Italy need time to make the reforms."

"But I do think that all this is harder to accomplish when there is a recession in Europe."

Support from other European nations was also crucial.

"What I've tried to suggest, given the politics of reform in some of the Mediterranean countries, (is that) it will be important for Germany and other leaders in the process to show some prospects if the reforms are taken and how they will be supported by the other European countries."

Zoellick heads next to China for the release on Monday of a major economic report by the bank and a Chinese government think tank, looking at economic opportunities and challenges to the year 2030.

Global Economy, China and Oil

Zoellick said that prospects for global economic growth this year remain guardedly positive with much hinging on Europe stabilizing and China reaching a soft landing, with oil prices a wildcard.

"I have a cautious optimism about the international economy. Our forecasts are that growth might slow down a little bit this year. What I see is that the U.S. economy has got some momentum," he said.

"If Europe is able to continue to stabilize the situation, that's a big if, but that's an important part. And I think China has issues in the real estate sector but my own guess is they are on the process for a soft landing.

"The two big question marks to me are energy prices with the political risk and Europe being able to maintain things."

Brent crude futures settled near a 10-month high above $125 a barrel on Friday, posting a fifth straight weekly gain as heightened concerns over tensions with Iran about its nuclear program and cuts in supply sent oil prices up on both sides of the Atlantic.

The crude oil price spike has prompted speculation the International Energy Agency may again call for the release of oil stocks, or the U.S. may release strategic petroleum reserves.

Zoellick said oil prices remain a concern, though the World Bank is only an observer in any decision to release strategic oil stocks.

"Not my call," he said, adding that "I don't think one should rush into that but the reason that the strategic reserve was created was for use in emergency situations."

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