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Spain falls back into recession

Spain confirms it is officially back in recession, as the country’s economy shrank by 0.3 percent in the first quarter compared to the previous three months.

(AFP) MADRID - Spain's gross domestic product shrank by 0.3 percent in the first quarter of 2012, equalling the slump in the final quarter of 2011, according to preliminary data from the National Statistics Institute.

The return to recession, blamed on weak domestic demand only partially compensated by exports, comes barely two years after Spain emerged from the last downturn at the start of 2010.

It was no surprise just days after an even more pessimistic diagnosis by Bank of Spain, which estimated the economy shrank 0.4 percent in the first quarter.

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Geopolitics

Commonwealth Countries Will Now Decide To Keep Calm Or Move On

A difficult colonial history shared by 52 of the 56 current members of the Commonwealth was deftly obfuscated by pomp and circumstance. With the Queen’s passing, tensions may now bubble to the surface.

Prince Charles visits the town of Kingston in Jamaica

Priyanjali Malik*

-Analysis-

NEW DELHI — Turning 21 on April 21, 1947, the then Princess Elizabeth in a broadcast from South Africa dedicated her life to the Commonwealth and Empire, declaring that her “whole life whether it be long or short shall be devoted to your service and the service of our great imperial family to which we all belong”.

Four and a half years later, she was proclaimed queen and spent the first few decades of her reign watching that "imperial family’" shrink rapidly. In 1957, Ghana and Malaysia became the first colonies to seek independence after her accession; Britain’s last colony, Hong Kong, was returned to China in 1997. In the intervening four decades, Empire crumbled, leaving only memories of the time when Britannia ruled the waves.

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Writing contest - My pandemic story
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