Euro Zone - running out of options
From the perspective of Sri Lanka, the EU
comprising 27 nations is an important market. Though we have not
been affected so far since our exports are very small in terms of
EU’s total imports, market volatility does not auger well for us
too,
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Socio-economic scene
Solar-powered flight
Last week, Solar Impulse, an aeroplane powered
by the sun flew from Madrid in Spain to Rabat in Morocco in 19
hours. This was the world’s first solar-powered intercontinental
flight, crossing the Strait of Gibraltar which separates Africa from
Europe.
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Global Warming and tectonic plate movement
In 2004, there were no less than seven
earthquakes of over 6 magnitude in Indonesia before the big one of
9.3 magnitude struck on December 26. The recent April 11 quakes in
Aceh Province of Indonesia of 8.6 and 8.2 magnitude were preceded by
a 7.2 quake off West coast of Northern Sumatra on January 11 and a
6.2 magnitude on March 20 near Abepura, Indonesia were followed by a
6.2 magnitude quake on April 15 off the coast of Sumatra. There was
also a 5.4 magnitude quake in Sulawesi, Indonesia on May 1,
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