International Monetary Fund chief Christine Lagarde has said that there is no room for slippages as regards Cyprus` financial program and called for a full and timely implementation of the program. "Cyprus’ macroeconomic outlook is subject to high uncertainty and risks to the program are substantial. There is no room for implementation slippages. Full and
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The popular video game "Angry Birds" is jumping off smart phones and onto the big screen in a new animated 3D film due to be released in 2016, Sony Pictures Entertainment announced on Wednesday. The film will be a joint venture between Sony Pictures Entertainment and Finnish game-maker Rovio, and follows the game's foray into
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A pear-shaped colourless diamond that is the largest ever offered at auction sold for a record of nearly $27 million in a Geneva auction, where records were also set for the prices of pearls and sapphires, auctioneer Christie's said. The 101.73 carat "Winston Legacy" diamond, the centrepiece of the Magnificent Jewels auction, was bought by
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The spring auctions ended on a record-shattering high on Wednesday as Christie's contemporary art sale achieved the highest total – $495 million – in the history of art auctions. Artists' records fell one after another, led by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat, whose works each soared to anywhere from $49 million to $58
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Italy and France need to work harder and faster to resolve their structural problems, a senior ally of German Chancellor Angela Merkel said in a newspaper interview published on Thursday. Michael Meister, deputy parliamentary floor leader in Merkel's Christian Democrats, told the Neue Osnabruecker Zeitung newspaper that the European Central Bank should stop buying Italian
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At least six people were killed and scores injured when tornadoes ripped through a stretch of Texas near the Dallas-Fort Worth area after dark on Wednesday, destroying homes and uprooting trees, authorities said. Hood County Sheriff Roger Deeds said the death toll could rise as rescue workers combed through houses in the middle of the
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Actor Leonardo DiCaprio and Christie's auction house raised $38.8 million through a charity art auction and donations, Christie's said on Tuesday, with proceeds to benefit environmental and conservation causes. The 33 works in The 11th Hour Auction organized by the star of the new film "The Great Gatsby" sold for $31.74 million on Monday
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CNP Assurances said on Thursday that the impact of the crisis in Cyprus on its CNP Laiki Insurance Holdings unit would be 16 million euros ($20 million), up from a previous estimate of 5 million. The French insurer also said it had made a provision of 50 million euros to cover the unit's estimated goodwill
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Successfully managing risk is a fundamental requirement for any effective business. In financial services it is a critical component. Part of the responsibility for the credit crisis in Cyprus is widely attributed to a poor understanding of risk. CIIM is offering the Chartered Institute for Securities & Investment (CISI) Risk in Financial Services qualification training
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Nearly two-thirds of Greek youths are unemployed Greek youth unemployment shot to a record 64 percent in February, underscoring the dire state of the recession-hit economy despite signs of improving business sentiment. Repeated doses of austerity under international bailouts have almost tripled Greece's jobless rate since its debt crisis began in 2009, weighing on an
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