Mothercare is hoping the imminent birth of Britain's heir to the throne will provide a fillip to the mother and baby products business after it reported a drop in sales in its home market in the latest quarter. Many retailers are finding the going tough as consumers, whose spending generates about two-thirds of British GDP,
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Major international soccer tournaments should remain on free television in Britain and Belgium rather than the rights being sold to the highest bidder, the European Union's highest court ruled on Thursday. EU members Britain and Belgium stipulate that a number of major sports events must remain on "free to air" television to make them available
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Annual inflation in Cyprus, the Eurozone and the EU went up in June, according to data published on Tuesday by Eurostat. Cyprus’ inflation was 0.8% in June, up from 0.2% last May. In Greece, the rate remained unchanged, at -0.3%, while continuing to be negative for a fourth consecutive month. Euro area annual inflation was
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Cyprus’ annual trade deficit was down by €500 million during the first four months of 2013, according to Eurostat data published on Tuesday. The total value of Cyprus’ exports during the first four months of the year came to €500 million, recording an increase of 14% in relation to the corresponding period of 2012. Imports
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Cyprus Telecommunications Authority (Cyta) has recorded positive results for 2012 despite the challenging economic environment with its earnings from operations amounting to €63,7 million compared to €67,2 million in 2011. At the same time, the Organization’s predictions for 2013 are also promising. The financial results of the organization were presented by Stathis Kittis, CyTA`s chairman
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Finance Minister Haris Georgiades has expressed optimism that the first evaluation of the economic adjustment program for Cyprus by the Troika will yield a good outcome. "The Government has worked intensively during the past few weeks. I am optimistic that we will have a good outcome through the evaluation process”, he noted during a press
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An astronomer studying archived images of Neptune taken by the Hubble Space Telescope has found a 14th moon orbiting the planet, NASA said on Monday. Estimated to be about 12 miles (20 km) in diameter, the moon is located about 65,400 miles (105,251 km) from Neptune. Astronomer Mark Showalter, with the SETI Institute in Mountain
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A giant panda at the Atlanta zoo delivered an extra bundle of joy on Monday when she gave birth to twins, an apparent surprise to zoo officials who had been excitedly anticipating the birth of a single cub. Lun Lun delivered the tiny, hairless duo at 6:21 p.m. and 6:23 p.m. EDT, the first giant
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Greek lawmakers voted early on Tuesday in favour of pressing criminal charges against former finance minister George Papaconstantinou in a scandal over a list of potential tax evaders that sparked outrage among crisis-hit Greeks. News of the existence of the "Lagarde list" of about 2,000 Greeks with money stashed overseas sparked a political scandal last
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A Boston-area man accused of threatening to blow up an airplane allegedly had all the materials needed to build a pressure-cooker bomb before this kind of weapon was used in the Boston Marathon attack in April, according to comments made by the man's mother in a recently unsealed police affidavit. While investigators working with the
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