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Spain's recession eases faster than expected

Spain's recession eases faster than expected Thu, 29 Aug, 2013

Spain's recession eased in the second quarter as domestic demand stabilized and exports surged, supporting the government's forecast that the fourth-largest economy in the euro area will recover this year. 
ASEAN ministers pledge further cooperation on defense, security

ASEAN ministers pledge further cooperation on defense, security Thu, 29 Aug, 2013

Southeast Asian defense ministers are expected to hold fresh talks on territorial disputes as they meet with their counterparts from elsewhere in Asia, as well as the United States on Thursday.
New York Times, Twitter hacked by a group called 'Syrian Electronic Army'

New York Times, Twitter hacked by a group called 'Syrian Electronic Army' Wed, 28 Aug, 2013

Media companies including the New York Times, Twitter and the Huffington Post lost control of some of their websites after hackers supporting the Syrian government breached the Australian internet company that manages many major site addresses.
Stocks slide, oil up as Syria tensions escalate

Stocks slide, oil up as Syria tensions escalate Tue, 27 Aug, 2013

Fears of an escalating conflict in Syria rippled across financial markets on Tuesday, sinking stocks, lifting gold and pushing the price of oil to the highest in a year and a half. 
South Africa's airline workers strike for higher pay

South Africa's airline workers strike for higher pay Mon, 26 Aug, 2013

South African construction and airport workers have gone on strike to demand higher wages, dealing another blow to the troubled economy.
Zimbabwe's Mugabe threatens US, UK firms over Western sanctions

Zimbabwe's Mugabe threatens US, UK firms over Western sanctions Sun, 25 Aug, 2013

Zimbabwean President Robert Mugabe threatened to target Western firms in a response to continued U.S. and U.K. sanctions against his country.

Sri Lanka to test all milk powder for chemical in Fonterra scare Thu, 22 Aug, 2013

A Sri Lanka state institute said it would test all milk powder in the market after finding a toxic chemical in products sold by New Zealand's Fonterra, while a nationalist party called for the closure of Fonterra's local subsidiary.

Versace to open Macau luxury hotel Thu, 22 Aug, 2013

Italian fashion house Versace says it has signed a deal to build a luxury hotel at a casino-resort in Macau, the world's top gambling market.
Nasdaq halts trading due to a technical issue

Nasdaq halts trading due to a technical issue Thu, 22 Aug, 2013

Trading in one Nasdaq Stock Market NDAQ -3.33% -listed security had resumed Thursday afternoon and officials said others would follow at 3:25 p.m. ET, more than three hours after an abrupt halt in trading blamed on an unexplained technical issue paralyzed a large chunk of the U.S. stock market.

Facebook aims to get the world online Wed, 21 Aug, 2013

Facebook wants to get more of the world's 7 billion people online through a partnership with Samsung, Nokia, Qualcomm and Ericsson and other large mobile technology companies.

Ethiopia signs mobile expansion deal with China's ZTE Fri, 16 Aug, 2013

Ethiopia signed an $800 million deal with China's ZTE on Sunday to expand mobile phone infrastructure and introduce a high-speed 4G broadband network in the capital Addis Ababa and a 3G service throughout the rest of the country.
26 dead as Philippines ferry carrying 870 sinks

26 dead as Philippines ferry carrying 870 sinks Fri, 16 Aug, 2013

At least 26 people are now confirmed dead after a ferry with nearly 870 people on board sank near the central Philippine port city of Cebu.
Eurozone climbs out of longest ever recession

Eurozone climbs out of longest ever recession Wed, 14 Aug, 2013

Europe's economy is showing signs of recovery for the first time since 2011, ending for now the Eurozone's longest recorded recession, according to figures released Wednesday by the European Commission. 

Global economic outlook dims while US recovery continues, ICC-Ifo survey reveals Wed, 14 Aug, 2013

The world economy has weakened slightly this quarter, mainly due to declining optimism in Asia and Latin America, while North America shows signs of continuing recovery, according to a World Economic Survey published today by the International Chamber of Commerce (ICC) and the Munich-based economic research institute Ifo.
Indian submarine sinks with 18 on board

Indian submarine sinks with 18 on board Wed, 14 Aug, 2013

The Indian defense minister says there were fatalities when a diesel-powered navy submarine caught fire and sank early Wednesday, trapping as many as 18 sailors.
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