Hundreds of thousands of British teachers and civil servants will strike over pension reform on Thursday in the most serious challenge to the coalition government's austerity drive. Thousands of schools will close as teachers skip class and travellers face delays at ports and airports as immigration officials join the protest. Protests are becoming increasingly common
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Protesters using ladders broke into the first floor of an office building on Syntagma Square on Wednesday and attempted to set it on fire, witnesses reported. Some 30 protesters entered the building, which houses a branch of Greece's second largest lender Eurobank on the ground floor. They were driven out by riot police who were
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Syrian troops shot dead four villagers on Wednesday, an activist said, as authorities pressed on with a tank-led assault that has already driven thousands of refugees across the northwest border with Turkey. "The four died in random firing on the village of Rama from tank machineguns, which has become customary in these unjustified assaults. The
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Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash The largest U.S. bank by assets said it intends to record an additional $5.5 billion provision to its representations and warranties liability for both Government-Sponsored Enterprises (GSE) and
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When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America's wars. Staggering as it is, that figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the U.S. Treasury and ignores more imposing costs yet to
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China's People's Liberation Army has developed its first online military game, called "The Glorious Mission," to train soldiers in combat skills and technological awareness, the China Daily reported. The online game is a first-person shooter and players can take part in individual or group missions. The game, which features PLA weaponry and realistic battle scenarios,
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Google Inc is making its boldest move to take on Facebook in the fast-growing social networking market and to maintain its dominance on the Web. Google, which has been frustrated by a string of failed attempts to crack the social networking market, introduced a full-fledged social network on Tuesday dubbed Google+. It is the company's
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People tend to lose a little more weight with online help than with traditional weight loss programs, a Japanese study said — but combining the Internet with in-person contact appears to be the most effective in keeping extra kilograms at bay. With obesity on the rise, there have been many attempts to take advantage of
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* Stavrakis eyes Russia for future financing * The government is turning to the domestic market for a 700 mln euro bond auction Wednesday, preferring liquid conditions at home for now rather than international markets where yields are at record highs on Greek spillover jitters. Domestic borrowers are being offered a 4.5% coupon, compared to
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* Promises smooth transition from Strauss-Kahn era * Christine Lagarde's determination as a negotiator and experience working on the euro zone debt crisis are likely to ensure she settles smoothly into leadership of the International Monetary Fund, as the global lender faces some of the toughest economic challenges in its history. Her charisma and the
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