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Maduro’s turns East as China signs 12 deals with Venezuela

Maduro’s turns East as China signs 12 deals with Venezuela

Venezuelan President Nicolas Maduro is proudly recording every achievement of his first trip to China since being elected on his new Sina Weibo account. The achievements, ranging from multibillion-dollar oil deals to agricultural deals, were signed on Sunday by companies and government agencies from the two countries as President Xi…

EU’s Rehn warns Italy on instability, housing tax

EU’s Rehn warns Italy on instability, housing tax

ROME (Reuters) – The European Union’s top economic official told Italy’s parliament its fragile economy cannot afford political instability and criticized recent decisions on taxation. “Particularly in Italy, where the economy is weak, political uncertainty is a brake on investments,” EU Economic and Monetary Affairs Commissioner Olli Rehn said in…

Slow global economic growth in 2013: UN

Slow global economic growth in 2013: UN

Global economic growth is projected to gain slow momentum for the rest of the year, a United Nations economic forecast said on Thursday. The UN’s Development Policy and Analysis Division released a mid-year update forecasting world gross product growth at 2.3 percent in 2013, “a subdued pace” characterized by sub-par…

Iron Lady Thatcher dies

Iron Lady Thatcher dies

Former Prime Minister Baroness Thatcher has died at 87 following a stroke, her spokesman has said.Lord Bell said: “It is with great sadness that Mark and Carol Thatcher announced that their mother Baroness Thatcher died peacefully following a stroke this morning.”Baroness Thatcher was Conservative prime minister from 1979 to 1990.…

Cyprus MPs pass banking reforms

Cyprus MPs pass banking reforms

MPs in Cyprus have voted to restructure the island’s banks – one of several measures to ease a financial crisis, which has hit eurozone confidence. They have also approved a “national solidarity fund” and capital controls to prevent a bank run. Cyprus needs to raise 5.8bn euros (£4.9bn; $7.5bn) to…