ROME, Oct.6 (Xinhua) -- The Food Price Index climbed 2.9 percent in September from August, mainly driven by a surge in dairy products prices, according to data released by the United Nations Food and Agriculture Organization (FAO) on Thursday.Prices for grains and cereals, the largest component in the index, fell 1.9 percent, due to good rice harvests in Asia. But that was not enough to offset gains in other sectors.The biggest increase came from dairy products, which saw prices jump 13.8 percent due to low milk output in Europe.Sugar prices also went up, rising 6.7 percent because of bad weat...
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An internal briefing document seen by the BBC says the effects of globalisation on advanced economies is "often uneven" and "may have led to rising wage inequality".The bank, which provides loans to developing countries, also says that "adjustment costs", such as helping people who have lost their jobs, have been higher than expected.Dr Jim Kim, the head of the World Bank, told the BBC that he understood why people were angry in advanced economies despite the fact that free trade was one of the "most powerful" drivers of growth and prosperity."I hea...
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ADDIS ABABA, Oct. 5 (Xinhua) -- The Chinese-built Ethiopia-Djibouti railway project will have significant contribution to the two east African countries’ economic development and technology transfer, an Ethiopian official has said.The 752.7 km electrified railway connecting the Ethiopian capital Addis Ababa and the port of Djibouti was inaugurated Wednesday at a ceremony in Addis Ababa.Speaking to Xinhua on the day, Arkebe Oqubay, Special Advisor to the Ethiopian Prime Minister, said that the route is an important import-export corridor for Ethiopia."It will have a significant contributio...
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Well, this is an interesting turn. In order to better handle the transportation needs of urban dwellers, Uber is looking into vehicles that could take off and land vertically. In other words...flying taxis.In a discussion at the Nantucket Conference yesterday, Uber products head Jeff Holden said the company has been looking into offering short flights around cities “so we can someday offer our customers as many options as possible to move around,” according to Recode. The Uber product boss did not specify whether the vertical-takeoff-and-landing craft, or VTOL, would be piloted like traditiona...
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Hair follicles created by a process similar to 3D printing could one day be used as implants, L’Oreal has said.The cosmetics firm is partnering with a French bio-printing company called Poietis, which has developed a form of laser printing for cell-based objects. Hair follicles have not been created this way before and the firms expect it will take at least three years to adapt the process.However, one hair loss charity said it was too early "to be getting excited". L’Oreal already uses 3D printed skin in its product research."If we manage to bio-print a hair follicle we will en...
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