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Is Europe a dreamboat or a trap-hole?

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The former Soviet Union is suffering from Europhilia, a centuries-old disease of the intellectuals that moved to the level of the masses in the 20th century, Sergei Mikheyev, the Director of the Caspian Cooperation Institute said in a live feed of Pravda.Ru. This idea is fed by the Western propaganda machine that the weak state of Ukraine cannot resist. “Living in Europe is my dream,”... 

EU to partially lift Iran sanctions in December

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French Foreign Minister Laurent Fabius French Foreign Minister Laurent Fabius says the European Union will likely lift some of the sanctions imposed against Iran in December following a deal between Tehran and the west. Fabius said on Monday that EU foreign ministers would meet in a few weeks to present a proposal to partially lift some sanctions imposed by the bloc against Iran as agreed in the deal... 

90% of Toronto families facing homelessness

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A new study shows nine out of 10 families occupying aging high-rises in Toronto’s low-income neighborhoods are living in inadequate housing and risk homelessness. The University of Toronto study, released on Friday, showed half of those families live in overcrowded places and one third spend more than half their income on rent. The results of the study were published on the same day that people... 

Blackout in Britain - beginning of crisis

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Blackout Britain – it’s only just the beginning. BASF, the world’s largest chemical company, has been headquartered in Germany since before the country formally existed. Founded in 1865 by the industrial pioneer Friedrich Engelhorn, it still occupies the vast site on the banks of the Rhine at Ludwigshafen where its first dye and soda factories were built. A third of its staff are employed... 

Russia hands over modernized aircraft carrier to New Delhi

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INS Vikramaditya during sea trails The Indian Navy has received the 44,500-ton Vikramaditya aircraft carrier at the Russian shipbuilding complex in Severodvinsk. The much awaited carrier was fully refurbished for US$2.3 billion, and will now become India’s game-changing flagship. Russian deputy Prime Minister Dmitry Rogozin and Indian Defense Minister AK Antony attended the handing over ceremony... 

China follows the smell of Russian oil

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China intends to increase investment in the Russian economy. The investment plans included the infrastructure, residential sector, and high tech areas. The prospects of cooperation between the two countries look promising, but the Russian Federation is not on the top of the list for China. Rossiyskaya Gazeta recently reported that, according to the President of the Chamber of Commerce for Import and... 

Russian lawmaker seeks to ban US dollar, predicts 2017 collapse

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To protect Russians against the “collapsing US debt pyramid”, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia. Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017. “If US national debt continues to grow at its current rate, the dollar system will collapse in 2017,”... 

Kerry warns Congress against anti-Iran sanctions

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US Secretary of State John Kerry has warned Congress that any new sanctions against Iran will be viewed as “bad faith” and can “destroy the ability to” reach an agreement. “Our hope is now that no new sanctions would be put in place for the simple reason that if they are, it could be viewed as bad faith by the people we’re negotiating with, [and] it could destroy the ability to be able... 

Data shows Italy’s recession enters third year

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Italy’s economy has entered its third year of recession after its gross domestic product (GDP) continued to contract in the third quarter of this year, official data shows. The national statistics office, Istat, reported on Thursday that Italy’s GDP shrank by 0.1 percent in the July-to-September period, marking the ninth quarterly contraction in a row. Furthermore, the figures showed that on an... 

10k public workers protest for better pay in Chile

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Chilean workers march in protest demanding better wages in the capital Santiago. Some 10,000 public sector workers in Chile have taken to the streets in the capital to protest over stalled discussions on better wages. The protest march was held in the capital Santiago on Wednesday as a part of a two-day strike called after the government suspended a meeting to resume negotiation talks on pay increases. Public... 

Venezuela forces retailer to lower prices

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Venezuelan troops have seized Daka chain stores over high prices. Venezuelan troops have occupied stores of the chain electronics company known as Daka in an attempt to force the retailer to sell products at cheap prices. Authorities sent Members of Venezuela’s National Guard to Daka’s five stores on Saturday. According to reports, hundreds of people lined up outside the Daka stores hoping for... 

Deflated: Prices in Greece at a 50-year low

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Prices of goods in Greece, from milk and bread to medicine have fallen by 2.0 percent in October, and are now at their lowest since 1962. Only the price of alcohol and tobacco increased in the last year. Consumer prices in Greece plummeted 2.0 percent year-on-year in October 2013, according to a report by Greece’s Hellenic Statistical Authority on Friday. In its sixth year of deep recession, unemployment... 

US may consider lifting sanctions as Iran, P5+1 make progress

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As Iran and the six world powers indicated they were “making progress” in the “tough” nuclear talks, Washington said it would consider “limited, targeted and reversible” relief on sanctions – but only after the Iranian nuke program undergoes changes. Following the first round of the two-day negotiations in Geneva, Iran’s Foreign Minister Mohammad Javad Zarif declared that the talks... 

Spain unemployment rises sharply in October

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Spain’s unemployment has increased sharply in October, leaving some 87,000 more Spaniards without work, data from the labor ministry shows. The ministry released the data on Tuesday, putting the number of registered jobless last month at 4.81 million. The increase followed another rise in September of over 25,000 people. Analysts say the reason for the two months of decline is due to layoffs in... 

Italy’s economy to shrink further in 2013

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Newly-released figures show that Italy’s economy is expected to shrink more than expected in 2013, continuing the country’s longest recession since the World War II. A report by Italy’s National Institute for Statistics (Istat) said on Monday that the country’s gross domestic product (GDP) will contract by 1.8 percent compared to a previous estimate of 1.7 percent contraction. Istat... 
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