Saturday, May 18, 2013
The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for “quite a long time,” ECB executive board members said on Friday.
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Friday, May 17, 2013
Economic losses from disasters since 2000 are in the range of US$2.5 trillion, a figure at least 50 percent higher than previous international estimates, according to a U.N. report released Wednesday.
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British Prime Minister David Cameron suffered an embarrassing blow in parliament on Wednesday when more than a third of his Conservative lawmakers voted against him in protest at his stance on Britain's membership of the European Union.
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Thursday, May 16, 2013
Russia and the United States on Wednesday sought to limit the damage to already troubled ties from a new spy scandal that erupted when Moscow caught a blonde-wigged alleged CIA agent who was reportedly seeking information on the Boston bombings.
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Greece's conservative-led government on Wednesday announced plans to break up the state-run Public Power Corporation by 2016, as part of a privatization program demanded by the crisis-hit country's creditors.
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The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the calamitous slump that hit the region in the financial crisis of 2008-9.
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Wednesday, May 15, 2013
Russia said on Tuesday it had caught an American red-handed as he tried to recruit a Russian intelligence officer to work for the CIA, a throwback to the Cold War era that risks upsetting efforts to improve relations.
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Prime Minister David Cameron's Conservative party bowed to pressure from euroskeptic lawmakers on Tuesday and published a bill enshrining in law a promise to hold a referendum on Britain's membership of the European Union.
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France's parliament is expected to pass a package of significant labor reforms Tuesday that the government hopes will help stop rising unemployment and jumpstart the country's stagnant economy.
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Milan prosecutors on Monday demanded a prison sentence of six years and a lifetime ban from public office for former Premier Silvio Berlusconi in his sex-for-hire trial.
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