The House of Representatives unanimously voted on Thursday the first three out of a total of twenty eight austerity bills into law. The first bill provided for an increase of VAT from 17% to 18% as of January 1, 2013 and a further percentage unit increase to 19% as of January 1, 2014, as well
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The FBI sees social media as a potential breeding ground for securities fraud, and has agents scouring Twitter and Facebook for tips, according to two top agents overseeing a long-running investigation into insider trading in the $2 trln hedge fund industry. April Brooks, a special agent in charge of the New York field
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The interim report of Pimco, which will contain the amount deemed necessary for the recapitaliation of Cyprus` banking sector, will be sent on Friday evening from the United States. CNA has learned, however, that this amount would be made public by Saturday at noon, and it is not yet clear if Pimco will be making
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Samsung Electronics, the world's leading technology company by revenue, is likely accelerating the launch of its next-generation flagship Galaxy smartphone – which may come with a breakthrough unbreakable screen. Codenamed "Project J" after mobile division chief JK Shin, development of the new Galaxy S IV could be aimed for release by as early as April,
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Cyprus is making headway as regards convention tourism, a Statistical Review by Cyprus Tourism Organization says. The Review was presented Thursday by CTO officials. According to a press release issued by the Organization, CTO Chairman Alecos Orountiotis pointed out that amid the harsh economic conditions Cyprus is faced with, tourism plays a vital role and
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The number of unemployment persons in Cyprus marked a new record in November 2012, reaching 39.522. According to the Statistical Service of the Republic of Cyprus, the unemployed persons, registered at the District Labour Offices on the last day of November 2012, reached 39.522 persons. Based on the seasonally adjusted data that shows the trend
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Such is Rafael Benitez's curse in a loveless marriage at Chelsea that a 6-1 win put his team under even more pressure before they fly out to compete at the Club World Cup in Japan. Wednesday's thrashing of Nordsjaelland was in vain as the London club became the first holders of the Champions League to
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The U.S. Senate was poised on Thursday to approve legislation to punish Russian human rights violators as part of a broader bill to expand U.S. trade with the former Cold War enemy. The vote would send the package to President Barack Obama, who is expected to sign it into law despite Moscow's warning that the
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Rescue workers found a 77-year-old man alive on Thursday who had survived on coconuts for two days after a powerful typhoon ravaged the south of the Philippines killing 332 people, with hundreds missing. A group of rescue volunteers lifted Carlos Agang to safety after they found him, in a tattered shirt with a fractured leg
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France's unemployment rate rose to 10.3% in the third quarter of 2012, its highest since the third quarter of 1999, fr om 10.2% in the previous quarter, data published by national statistics office INSEE showed on Thursday. The jobless figure, based on the measurement criteria of the International Labour Organisation (ILO), showed the scale of
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