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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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Stem cell tech may help mitochondrial disease
production of genetically matched human embryonic stem cells holds potential for treating mitochondrial disease, because the matching is not precise. Somatic cell nuclear transfer, the method that produced Dolly the sheep, duplicates nuclear DNA from the donor nucleus, but not the mitochondria, which are those of the egg cell receiving the ...
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Japanese Market Trades Higher On Wall Street Lead Weaker Yen
The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...
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Grill and beer it
When you celebrate Memorial Day by throwing some dogs on the grill, you’ll need something to wash them down. That’s where these mags can come in.If you prefer your beers micro, fruity, infused with chocolate or laced with the heat of a thousand fire-kissed jalapenos, ...
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Turness in furnace Hot day at NBC News
Incoming NBC News boss Deborah Turness better be a quick learner - her to-do list is already overflowing.While dealing with a recently cooled MSNBC and a faltering "Meet the Press" is enough to keep the first woman to head the Peacock network’s news division busy, the hugely underperforming "Today" show is certainly at the top of the list.Ad sales at the division are ...
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Park it right there
When Barrel, a Little Italy-based digital agency, moved and designed its new office space from scratch in August, its brass envisioned a work environment tailored to the tastes of the growing company, and at the same time lent itself well for collaboration.The company’s new work space features small purple stools scattered throughout the office so co-workers can park quickly at each ...
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Oil Holds Above $96 on US Economic Data
U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. U.S. consumer sentiment in early May rose more than economists had expected, with more Americans giving favorable views about their financial and economic prospects, particularly among upper-income ...
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Woah Time to Slow That Yen Fall
steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ...
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Goldman Sachs to Invest in Japan Green Energy
TOKYO – Goldman Sachs plans to pour about Y300 billion ($2.9 billion) into Japanese renewable energy projects over the next five years, having determined that a long-term scheme here to buy renewables at fixed rates will provide a stable source of income, the Nikkei reported in its Monday morning edition.The U.S. investment bank recently set up a wholly owned renewable energy management ...
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BOJ may seek ways to calm bond market policy on hold
By Leika KiharaTOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy this week despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.The central bank may front-load bond purchases or offer funds via market operations more frequently if the bond market turbulence persists, which are ...
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Minnesotas struggling ethanol makers hope to snap back this year
Dwayne Ehlert, 70, stands outside the shuttered Biofuels Energy Corp. ethanol plant in Fairmont, Minn. Ehlert, 70, who has been farming since 1964, sold a truckload of corn to the plant last August for a record $8.16 per bushel as last year’s drought drove up prices. A few weeks later, the plant stopped production, citing high corn prices. Although corn had dropped in price, ...
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Bernanke’s Testimony Critical to Oil Prices
The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ...
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Has Hollywood Sold Out On Tibet
If there's one lingering sore point between Hollywood and China, it's Tibet. For years, celebrity activists have annoyed Beijing by organizing charity concerts for Tibetan independence, shouting "Free Tibet" at awards ceremonies, and palling around with the Dalai Lama, whom the People's Republic regards as a "jackal" and "a wolf in sheep's ...
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Yen edges up from lows Asian shares firmer
SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of ...
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Suncorp Mulls Selling Non-Core Bank - Report
Suncorp Group Ltd. (SUN.AU) is looking at ways to sell the "non-core" bank unit that houses its sour property loans, in a move that would free up capital and could mean higher payouts for investors, The Australian Financial Review said Monday.The regional bank and insurance group set up the unit in 2009 to house 17.5? billion Australian dollars (US$17.1 billion) of loans that could no ...
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Australia shares up in broad rally Wall St underpins market
Sun May 19, 2013 9:45pm EDT (Adds details, comments, stocks on the move) SYDNEY May 20 (Reuters) - Australian shares climbed 1.1 percent on Monday in a broad rally after upbeat U.S. economic data pushed Wall Street to record highs and as stocks with large exposure to the U.S. market gained on a weaker Australian dollar. "It's a broadbased rally, the overnight news was very positive and ...
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BOEs King Says More Steps Needed for Growth
The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. But it's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in an interview with Sky News.The U.K. economy expanded 0.3% between January and March and the BOE expects it to grow 0.5% in the ...
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Aust stocks higher after Wall St record
The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment reading since 2007 spurred the Dow Jones Industrial Average and the S&P 500 to reach fresh highs, helping Australian stocks."It's a question of a good lead from Wall Street and people buy ...
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Yahoo reportedly agrees to buy Tumblr for $1.1 billion
Yahoo's board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday. The deal, sealed at a meeting of Yahoo's board, is expected to be announced as soon as Monday, said the person, who was not authorized to speak ahead of the announcement. The acquisition is the biggest yet under Yahoo's ...
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Seoul shares up Wall St overshadows North Korea missile tests
SEOUL | Sun May 19, 2013 8:12pm EDT SEOUL May 20 (Reuters) - Seoul shares edged up on Monday after the rally on Wall Street boosted sentiment and helped to overcome worries about North Korea's firing of short-range missiles at the weekend. Technology heavyweights led the gains, with SK Hynix rising 2 percent and LG Electronics gaining 0.5 percent. The Korea Composite Stock Price ...
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Scottish bank customers warned over deposit protection scheme
A Treasury report has analysed the impact of Scottish independence on the deposit protection scheme that guarantees up to 85,000 to UK bank customers. Photograph Carl Court/AFP/Getty ...
Cuba Focus
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Cuba and Venezuela pushing ahead with major undersea project
Submarine cables are the information gateways of the modern world and Cuba will soon be linked to Venezuela and Jamaica by one, which will increase the efficiency of information flows between the countries by over 3000 times.
Work on an underwater cable that will link Cuba, Venezuela and Jamaica is underway with the survey ship RV Ridley Thomas mapping the ocean floor between the countries to determine the exact path of the cable. Read more
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