Efforts to prevent the U.S. economy from going over a "fiscal cliff" stirred back to life on Wednesday with less than a week to go before potentially disastrous tax hikes and spending cuts kick in at the New Year. In a sign that there may be a way through deadlock in Congress, Republican House of
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Former President George H.W. Bush is in the intensive care unit of a Houston hospital and is in "guarded condition," family spokesman Jim McGrath said Wednesday. "The president is alert and conversing with medical staff, and is surrounded by family," McGrath said in a statement. "Following a series of setbacks including a persistent fever, President
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A powerful winter storm forced the cancellation of about 200 U.S. flights on Thursday, snarling holiday travel as heavy snow and high winds pummeled the northeastern United States. The National Weather Service forecast 12 to 18 inches (30.5 to 46 cm) of snow for northern New England as the storm moved northeast out of the
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Asian shares rose on Thursday amid caution as U.S. lawmakers prepared to resume negotiations to avoid a fiscal crunch by Dec. 31, while the yen hit a 21-month low against the dollar on the prospect of drastic monetary easing and massive state spending. European shares were seen returning from the Christmas holiday break with a
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The yen fell to a two-year low against the dollar on Wednesday as Japan's new prime minister called for weakening the currency to stimulate inflation, while U.S. stocks slipped, led by declines in retailers' shares. Sales growth at U.S. retailers was projected to have fallen short of expectations during the holiday shopping season, according to
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**Another bad year for car sales** Retail sales in Cyprus fell by a provisional 3.9% over the year earlier in October, although this was less steep than the fall of 6.4% recorded in September. For the period January-October 2012 the retail sales volume is provisionally estimated to have decreased by 3.9%. The value of retail
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The unemployment rate according to the quarterly labour force survey climbed to 12.1% in the third quarter of 2012, while the total recorded breached 50,000. Total employment amounted to 389.0 thousand (males 205.0 thousand and females 184.1 thousand) while the number of unemployed persons to 53.4 thousand (males 28.8 thousand and females 24.6 thousand). The
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Industrial turnover in September dropped by 5.7% over the same month of the previous year to 127.5 (base 2005=100). The manufacturing subindex fell by 11.2% in the same period. For the period January-September 2012 the industrial turnover index recorded fell by 2.4% compared with the same period of the previous year.
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Gross output of the category of “other social and personal services” decreased by 1.2% to EUR 836.7 mln in 2010 from EUR 847.2 mln in 2009 according to the Statistical Service. Value added of the sector at current market prices fell by 1.9% to EUR 585.7 mln in 2010 compared with EUR 596.9 mln in
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Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday. Athens has collected just half the tax debts and conducted less than half the audits it was supposed to under the targets
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