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Asia's budget airlines have grown rapidly in recent years. And while some are faring well, the sector faces a bumpy ride as economic turbulence hits both domestic and international travel. Asia's low-cost airlines, which took off in good economic ti
By Michael Bowman Washington 23 January 2008 Amid continued global market turmoil, the U.S. Congress' top economic forecaster says he believes the United States is entering a period of slow growth, but that the country will avoid a recession. VOA's M
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BEIJING/WASHINGTON, March 2 (Xinhua) -- As Jacob Lew was sworn into office as the new U.S. Treasury Secretary on Thursday, U.S. President Barack Obama has so far put in place three key positions in his second-term cabinet. However, what greeted Lew,
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Finance Minister Lou Jiwei has briefed the media on China's economic and fiscal policies. Lou said China plans to raise deficit-to-GDP ratio to 3 percent this year. This is to help prevent economic growth from falling rapidly and facilitate structura