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15 world’s biggest banks downgrated by Credit Rating Agency Moody’s

Ratings agency Moody's has downgraded the credit ratings of Canada's biggest bank - the Royal Bank of Canada, Royal Bank…

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India, rupee head for worst economic crisis, radical fiscal measures to be taken

India' s worst economic crisis is at its doors. Indian government prepares to take serious monetary measures to dodge its…

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US drug company to buy out Turkish company for $700 million

U.S. drugs giant Amgen has declared it has reached an agreement to buy out Turkish drug firm Mustafa Nevzat for…

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British Airways cost saving operation hits jobs at Gatwick Airport, London

British Airways workers face to be sacked at London's Gatwick Airport as airline company declares cost-cutting and budget lowering plans

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Facebook buys Instagram, Facebook boss Mark Zuckerberg hands over $1billion to co-founders

Facebook CEO Zuckerberg makes the 26-year-old creators, both Stanford classmates, of Instagram very very rich. The 13 employees of photo-sharing…

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British Advertising Authority Bans American Apparel Ads for provocative images

After five months of deliberation, the U.K’s Advertising Standards Authority has banned eight American Apparel ads featuring nudity and provocation…

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US Internet providers start policing the web as from July 12

Some of the big names amongst Internet service providers in US America consider to adopt policies that will punish customers…

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Twitter to sell multi-billion tweet archive, Privacy betrayed?

Twitter users's privacy betrayed: Twitter sold tweet archive containing over millions of tweets from users.

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Shah Deniz Pipeline Decision for Nabucco Project :No earlier than middle of 2013

Nabucco decision concerning which pipeline system will bring Caspian gas from the Shah Deniz field to Europe will be reached…

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Austria: Greeks should sell isolated and uninhabited Greek Islands to Turkey

Greece rescue plan has finally an alternative. Head of Austrian Commerce Chamber suggests Greece should sell Greek Islands and non…

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Sex doll industry booms in China, Turkish market one of the most lucratives

China’s Sex Toy Industry Booms as company sells 50,000 Inflatable Adult Dolls while Turkey, Korea and Japan emerge as main…

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Greek rescue package of €130bn delayed by politicians; markets nervous

Greece 's intententions on taking make-or-break talks over a €130bn (£108bn) rescue programme for the debt-choked country had been strong…

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Facebook Status update: going public with IPO , Value up to $100bn

Facebook files for IPO. Facebook confirms plans to go public in deal that could rise Facebook's value up to $100bn,…

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Barack Obama’s old car on sale, priced at $1 million on eBay

U.S. President Barack Obama's 2005 Chrysler 300C, his old car, is on sale at eBay.com for about 5,000 % above…

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Mitt Romney Tax Return : Shares in Turkish telecommunication giant Turkcell

Mitt Romney, one of the Republican presidential hopefuls for US presidential elections of 2012, has shares in Turkcell, the leading…

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