Israel's government took aim at big business groups on Monday with a plan that would lower the level of concentration of economic power by breaking up of some of the country's largest conglomerates. A committee commissioned by Prime Minister Benjamin Netanyahu and Finance Minister Yuval Steinitz recommended regulations to increase market competition by forcing conglomerates
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Syria's crackdown on pro-democracy protests has intensified, with the death toll climbing to 2,700, an increase of 100 in the past week, the United Nations human rights office said on Monday. Kyung-wha Kang, deputy U.N. High Commissioner for Human Rights, told the U.N. Human Rights Council: "As of today, 2,700 people, including at least 100
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Canon is about to launch a new device on the 3 November in Hollywood, according to an invite going out to press in the States. Titled "The Story begins", the cryptic invite only adds that "Canon is making a historic global announcement". A series of lights on the invite gives nothing away, however that hasn’t
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The euro dropped 1% and European stock index futures fell on Monday, following a slide in Asian shares, after a meeting of European policymakers' produced no new ideas for solving the continent's crippling sovereign debt crisis. A weekend of disappointing news from the euro zone prompted market players to cut risk and move into gold
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President Barack Obama will release a plan on Monday calling for more than $3 trln in deficit cuts over 10 years, with roughly half of the savings coming from higher taxes on the wealthy and big corporations. Obama will seek to energize his Democratic supporters with a vow to shield middle-class social insurance programs from
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Turkey said plans by Cyprus to begin gas exploration off its southern coast amounted to "provocation" and it would consider carrying out offshore surveys with northern Cyprus if drilling went ahead. The comments by Turkish Foreign Minister Ahmet Davutoglu were the latest in a row over ownership of potential hydrocarbon reserves in the eastern Mediterranean
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Greece on Sunday pledged to take the tough decisions needed to avoid default but announced no new austerity measures to secure international bailout funds next month. Prime Minister George Papandreou cancelled a visit to the United States to chair a cabinet meeting on Sunday, a day before European Union and International Monetary Fund inspectors hold
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A Sevilla-led bid to force Real Madrid and Barcelona to share television revenue more equitably appears doomed to failure and the big two's domination of La Liga is likely to remain entrenched for years to come. Sevilla's president Jose Maria del Nido, an outspoken critic of the current system under which Real and Barca take
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Hong Kong shares dropped in thin Monday trade, led by Esprit Holdings Ltd and China Coal Energy Co Ltd , with midday turnover nearing a two-month low as investors stayed away amid concern over lingering risks in Europe. Markets are expected to stay weak during a week that will present policy risks on both sides
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"Mad Men" and "Modern Family" won television's top drama and comedy prizes again on Sunday but elsewhere it was out with the old and in with the new at the Primetime Emmy Awards. On a night of surprises that brought a slew of newcomers to the Emmy podium, "Mad Men" won best drama series for
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