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Business - Page 722

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UK to sell 10 billion pounds of public land to developers

Britain plans to sell public land worth an estimated 10 billion pounds ($16.35 billion) to address a chronic housing shortage and help erode its record budget deficit. All government departments with significant

7th June 2011
Business

Twitter users could face prosecution if they flout orders

People using short messaging service Twitter to deliberately breach gagging orders could face prosecution, the UK government's senior legal adviser said. Since the introduction in 1998 of human rights legislation enshrining individuals'

7th June 2011
Business

EU must make tough decisions on Greek rescue -IMF

Europe must take tough decisions before the IMF can release its next block of aid for Greece, the Fund warned on Tuesday, while ratings agencies and German banks cast doubt on whether

7th June 2011
Business

Merkel: euro zone shares responsibility for stability

German Chancellor Angela Merkel said on Tuesday that euro zone members share a mutual interest in ensuring that problems with one member do not shake the stability of the common currency as

7th June 2011
Business

Obama warns of disaster if default in euro zone

U.S. President Barack Obama said on Tuesday that if there were an "uncontrolled spiral" and default in the euro zone it would be disastrous for the global economy. "We need to make

7th June 2011
Business

Greece sells 10% OTE stake to Deutsche Telekom

Greece on Monday agreed to sell a 10 percent stake in Hellenic Telecom (OTE) to Germany's Deutsche Telekom AG as the Mediterranean state kicks off privatisation deals to cut its debt pile.

6th June 2011
Business

Strauss-Kahn pleads not guilty to sex charges

Former IMF chief Dominique Strauss-Kahn entered a plea of not guilty on Monday to charges he sexually assaulted a New York hotel maid in a case that cost him his job and

6th June 2011
Business

IMF backs UK policy but warns of growth risks

The International Monetary Fund backed the British government's plans to reduce the budget deficit on Monday, but said that tax cuts or more quantitative easing may be needed if growth proves persistently

6th June 2011
Business

Humble cabbage becomes art at hands of Chinese woman

Ju Duoqi stocks up on cabbages in the Beijing vegetable market and then transforms the humble vegetables into works of art depicting beautiful women — that sometimes leave very little to the

6th June 2011
Business

Greek bailout plan attempts to calm markets

Investors will have two big questions to answer in the coming week — are they chasing U.S. Treasury yields too low and can they put the Greek debt crisis on ice and

6th June 2011
Business
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