Formula One championship leader Fernando Alonso lapped fastest for Ferrari in a dry final practice session for the British Grand Prix on Saturday. After Friday's rain triggered traffic gridlock, the conditions provided some respite although there were still long jams on some approach roads to Silverstone despite organisers urging tens of thousands of ticket-holders to
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Police investigating a potential terrorist attack said they had arrested a seventh person, a 22-year-old woman, in east London on Saturday. Police are on high alert ahead of the London Olympics but said the latest arrest and those of a woman and five men in London earlier this week were not linked to the Games.
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A technical glitch automatically shut one unit at Bulgaria's Kozloduy nuclear plant but did not pose a risk of nuclear contamination, the plant said on Saturday. Kozloduy said the temporary closure of the 1,000-megawatt unit 6 was caused by a malfunction of a turbogenerator protection system at 4:19 a.m. (0119 GMT) "We're working to resolve
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Greece will meet targets set by international lenders, but needs more time and wants to renegotiate policies that make its fiscal situation worse by preventing a return to economic growth, Prime Minister Antonis Samaras said on Friday. In his first policy speech since taking office, Samaras outlined his government's priorities before a confidence vote on
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Euro zone officials are cautioning against expecting any quick action from the currency bloc's finance ministers when they meet on Monday to sort out the tangle of loose ends and disagreements left by last month's EU debt-crisis summit. Banking supervision, the use of European Union bailout money, aid to Spain and Cyprus and how to
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"Don't worry, we won't bring communism to Cyprus…" Cyprus blamed the decision to restructure Greece's debt for destroying its own economy on Friday, and defended its right to seek financial assistance from Russia, calling it a strategic partner of the European Union. Euro zone leaders agreed in late 2011 to write down the value of
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The College of Commissioners was assured today by President Demetris Christofias that Cyprus will exercise a thoroughly European Presidency. During his intervention at the plenary meeting between the Cyprus Presidency of the Council of the EU and the College of Commissioners, held Friday at the `Filoxenia` Conference Centre, President Christofias reiterated the firm political will
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Soaraway sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances. The flagship Galaxy smartphones are likely to have stretched their lead over rivals Apple
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Asian shares slipped on Friday despite new stimulus steps taken by three major central banks, as sentiment stayed cautious with the focus now on U.S. jobs data due later in the day. European stocks were likely to decline, with financial spreadbetters calling the main indexes in London, Paris and Frankfurt to open down 0.3-0.8%. U.S.
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French bank Societe Generale has cut its funding line to local Greek unit Geniki and is studying possible exit strategies from the recession-wracked Greek economy, analysts who met with SocGen's Chief Financial Officer said. French banks are the top foreign lenders to Greece and have been slashing their exposure over the past year via sales
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