Five soldiers were killed in the eastern Turkish city of Tunceli on Tuesday after a vehicle laden with explosives was detonated as their military vehicle was passing, security sources said. Turkish television footage showed two vehicles in flames on what appeared to be a thinly-populated road connecting two districts of the city.
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Cyprus residential prices in the second quarter of 2012 marked the steepest decline since 2010 Central Bank of Cyprus (CBC) figures released today show. The CBC estimates that the correction path on property prices that began in the third quarter of 2008, will continue in the short-term. The Residential Property Prices Index (houses and apartments)
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The recent discovery of substantial quantities of natural gas within Cyprus’ Exclusive Economic Zone (EEZ) opens up new perspectives to the role of Cyprus in the global energy map, Minister of Commerce, Industry and Tourism Neoklis Sylikiotis has said. “Undoubtedly, the recent gas discovery of substantial quantities of natural gas within the Exclusive Economic Zone
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Uncertainty over Spain's next move to tackle its funding problems and renewed worries about the global growth outlook capped moves in shares and the euro on Tuesday. Investors have turned cautious after a strong rally in riskier assets which followed new policies unveiled earlier this month by the world's major central banks to stimulate growth
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German Chancellor Angela Merkel said on Tuesday that financial markets were worried about the ability of some countries in the euro zone to repay their debt. "There is a lack of confidence on financial markets that some euro zone states can pay back their debts in the long term. The world wonders how competitive euro
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The UN-led Cyprus peace process, of the past five years, has not yielded the results which the UN and the Cypriot President had anticipated, both have indicated in statements in New York after a meeting. Speaking to reporters after the meeting at the UN headquarters, President Christofias said they evaluated the joint efforts the past
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A pop star whose song "Gangnam Style" became the first Korean hit to top Apple's music download charts has also worked his magic on his father's software firm, helping it double in value since singer and dancer Psy burst onto the global scene in July. Psy's father, Park Won-ho, is the chairman and controlling shareholder
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Central bank stimulus is not enough to fix the ailing global economy and governments must increase their efforts to boost growth, Group of 20 officials agreed on Monday. Deputy finance ministers and central bankers of the G20, which is made up of wealthy nations and leading emerging economies, met in Mexico City on Sunday and
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U.S. TV network ABC will in October start broadcasting a cooking show that began as part of YouTube's "Original Channels" initiative, the first such deal to take a YouTube-funded programme to national TV. For Google-owned YouTube, the deal is a milestone in its effort to rebrand itself as a place to watch high-quality video, able
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The White House is preparing to direct federal agencies to develop voluntary cybersecurity guidelines for owners of power, water and other critical infrastructure facilities, according to people who said they had seen recent drafts of an executive order. The prospective order would give the agencies 90 days to propose new regulations and create a new
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