ASIAN ECONOMY RECOVERING

According to the Asian Development Bank (ADB) Asia's developing economies are expected to grow by just under 8% in 2011.It has been predicted by the experts that the economy of the region would expand solidly over the next two years but at the same time there is a chance that the growth rate would be slower than in 2010.

Analysts are also expecting that inflation would impose a challenge for many Asian countries and which will lead them to social tensions.As the economy of China and India has groomed well enough in few years which would be able to continue the drive to the global and regional economic recovery. But a report has been given in which there is a great chance that the Inflation rate of almost 45 Asian economies may rise to 5.3% in year 2011 which was 4.4% in 2010 this is really something very serious.

But still the economic conditions getting better and better .

2015 ICC CRICKET WORLD CUP WILL INCLUDE 10 TEAMS

The International Cricket Council has made decision that 10 teams will participate in the World Cup has now confirmed its decision to decrease the team numbers for the World Cup 2015 from 14 to 10 which shows that there will be no place for Ireland who beat England in recent tournament of the 2011 World Cup.

The ICC teams who will play the tournament includes India, Pakistan, Sri Lanka, England, South Africa, New Zealand, Australia, West Indies, Bangladesh and Zimbabwe.

But for the 2019 event the 10 teams will be decided by the qualification process. Firstly the ICC decided to make a 12-team tournament in the ICC's executive board meeting in Mumbai but which was rejected by the other members. The Irish captain is not happy with this decision.

INDIA 2011 CRICKET WORLD CHAMPION

In the final of ICC world cup 2011 India became able to beat Sri Lanka by six wickets deliver World Cup glory to their cricket-mad population for the first time after 1983.

Sri Lanka was not going good in the start but they smashed 91 from their last 10 overs to post 274-6 in Mumbai, with Mahela Jayawardene superb 103 not out. In the start India lost Virender Sehwag and Sachin Tendulkar early but Gautam Gambhir and skipper Dhoni made a marvelous innings .

Gambhir was out for 97, but captain Dhoni remained unbeaten at 91 which led India to a famous win with 10 balls.The skipper was struggling throughout the tournament but in the end he able to play the innings of his life and get the victory with a great straight six that will be the shot of his life.The wicketkeeper-batsman's stunning final blow provided a great end to a memorable final for his team.

QURAN PROTESTS IN AFGHANISTAN

Thousands of people have marched through the streets of the Afghan cities of Kandahar and Jalalabad in new protests in response to the burning of Holy Quran in the US last month. This incident took place in Florida on 20 March under the supervision of Pastor Terry Jones. Muslims through all over the world are already protesting against all this happening. Non Muslims are continuously doing these type of things firstly they organize burn Quran day which was not supported by the US President and now this thing happened , people in Pakistan said if anything again happen in the future then they will set churches and the holy places of Non Muslims on fire.  

                                          

These protests comes after 14 people which includes seven UN staff who were killed in violence after similar protests on Friday. On the other hand US President Barack Obama described the killings as "outrageous" and the burning of Holy Quran as "intolerance and bigotry". These protests are getting prolong and ten more people died in the same kind of protests in Kandahar on Saturday where dozens more were injured. Today in Kandahar people marched to the main UN office and some also reports were given for the smaller protests in two other districts of Kandahar province. The authorities of Afghanistan have blamed the Taliban for the violence whereas Taliban has rejected the accusation.

Now the protests have spread to the eastern city of Jalalabad where today many people have peacefully blocked a main road.According to an Associated Press photographer at the scene the crowd were shouting on US troops and saying them to leave Afghanistan and they also burnt an effigy of Mr Obama. On the other hand the US President showed his condolences to the families of those who were killed by the protesters in Afghanistan.

US UNEMPLOYMENT RATE FALLS TO 8.8%

The US unemployment rate fell to a new two-year low in March to 8.8% which was 8.9% in February and this happened fourth time in a row monthly.The unemployment rate has fallen by just a point in percentage figures during the last four months which is not good for the common people but on the other hand a report by the US Department of Labor said that the employers created 216,000 jobs in March which is much more higher than the market expectations.The Institute for Supply Management (ISM) said that the index of national factory activity dipped to 61.2 last month which was 61.4 in February and this rate is the highest one since May 2004.

The economic news said that the good thing for today is , US and European stock markets were boosted  London, Paris and Frankfurt all went well with gains of more than 1.5% before getting closed while the Dow was up 1% in evening.
The new jobs offset in the private sector increases the job losses in the public sector which mainly results from the cuts made by the local government. The main cause of this according to the analysts is the possible impact of rise in the oil, energy prices and other commodities like food etc. In the start of this week the US Department of Commerce unexpectedly cut its estimate of last 3 months growth to an annualized rate of 2.8% which was 3.2% in the previous 3 months.


US government is also taking some measures to control this rise in the employment rate but it looks like that they are going to be failed as the present economic crisis surrounds the whole world. This is an alarming signal to the other        

countries as well that the conditions are going to be worst in the near future so make some appropriate measures to control all these happenings. Analysts are also saying that if all this go in the same manner then it will be very difficult for the poor people to survive under these circumstances.  

MIDDLE EAST SITUATION IS EFFECTING ASIAN STOCK

The Middle East is a very important region in the world and the crises in the region not only severely effects the stock market as well as the economic situation of the region but also the Asian markets as well. In Asia the oil prices constantly rising and the bloody conflicts in Libya has badly effected the Asian market and recent situation has also created a fear about the oil supply to Europe but as on the other hand Saudi Arabia has made assurance that it would increase its oil output if any problem occur in the oil supply from Libya but it is going to be disastrous for the European countries if any excuse made by Saudi an Government.

Chinese inflation rate hit 4.9 % in February, which was not expected so as a result on Tuesday most of the Asian stock fell as Tokyo’s Nikkie was down 1.09 % and the Sydney, Hong Kong  and Shanghai fell 1.09 %, 0.33 % and 0.93 % respectively. On the other hand,New York’s light sweet crude increased 44 cents and sold to $104.82 per barrel on the other hand Brent North Sea crude rose 56 cents and sold to $116.50. Now a days clashes between the Libya forces and the revolutionist has increased severely which really effect the oil pipelines.

There is a prediction given by the analysts that Chinese inflation data will be out in few days which is one of the biggest reason for market nervousness. US stocks market is also in great trouble due to turmoil in Libya as a result the Nasdaq dropped 0.51% and the Dow Jones and SP 500 index decreased by 0.01 %, 0.14% respectively. This is not a good sign for the Asian Market which was struggling after the earthquake of Japan but the recent figures fell it into great trouble.