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Miners outsourcers keep Britains FTSE at 12-year highs
* Biggest ever fall in organic service revenue* FY earnings down 3.1 percent, just beating market view* CEO refuses to comment on sale of Verizon stake* Will keep hold of latest Verizon payout* Shares flatBy Kate Holton and Paul SandleLONDON, May 21 (Reuters) - Vodafone will reinvest ...
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Vodafone says eurozone crisis hits profits
British mobile phone giant Vodafone says annual net profits tumbled 90 per cent after it took a vast STG7.7 billion ($A11.97 billion) impairment charge relating to its businesses in debt-laden eurozone nations Italy and Spain.Earnings after taxation nosedived to STG673 million in the group's financial year to the end of March, compared with STG7 billion in 2011-2012, Vodafone said in a ...
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Vodafone profit slumps on euro crisis
British mobile phone giant Vodafone says annual net profits tumbled 90 per cent after it took a vast STG7.7 billion ($A11.97 billion) impairment charge relating to its businesses in debt-laden eurozone nations Italy and Spain.Earnings after taxation nosedived to STG673 million in the group's financial year to the end of March, compared with STG7 billion in 2011-2012, Vodafone said in a ...
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How the French economy compares to Germanys UKs
PARIS -- Here's how the struggling French economy stacks up compared to Germany's and Britain's.GROSS DOMESTIC PRODUCT (2012)France: 2 trillion euros ($2.7 trillion) Germany: 2.6 trillion euros ($3.3 trillion)Britain: 1.9 trillion euros ($2.4 trillion)MANUFACTURING AS A PERCENT OF GDP (2009)France: 10.7 percentGermany: 19.3 percentBritain: 11.0 percentGROWTH RATE (2012)France: ...
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A Setback Too Far G4S Chief Departs
A G4S Plc security officer. The U.K. government said it will deploy troops to provide security at London Olympic venues after G4S Plc, the company with the contract to protect the games, said it wouldn't have enough staff ...
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German bank borrowing from Bundesbank hits euro-era low
FRANKFURT | Tue May 21, 2013 6:10am EDT FRANKFURT May 21 (Reuters) - German banks borrowed less money from the Bundesbank as part of the European Central Bank's liquidity operations in April than ever before during the 13-year history of the euro, Bundesbank data showed on Tuesday. The Bundesbank's balance sheet, published in its May monthly report, showed that German banks took ...
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Vodafone annual profits slump 90 on eurozone woes
LONDON (AFP) - British mobile phone giant Vodafone reported a 90-percent plunge in annual net profit on Tuesday after taking a vast impairment charge relating to businesses in debt-laden eurozone nations Italy and Spain.Earnings after taxation nosedived to ?673 million ($1.03 billion, 796 million euros) in the group's financial year to the end of March, compared with ?7.0 billion in ...
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Germans put poor Eurovision showing down to Merkels stance
Eurovision Song Contest , blaming Chancellor Angela Merkel's tough stance in the eurozone crisis for their failure to win any points from 34 of the 39 countries ...
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Video emerges of Pope Francis reportedly performing an exorcism
The astonishing footage, taken immediately after Pentecostal mass on Sunday 19th May, shows the Pontiff approach the second of two wheelchair bound people, whose face is pixelled out. After a priest leans across the boy or young man to tell Francis something, the Pope's expression becomes more serious, the voice-over notes. He then grips the top of the subject's head firmly and is seen ...
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Falling petrol prices drive first drop in inflation since September
LONDON (Reuters) - Consumer price inflation fell last month for the first time since September, giving incoming Bank of England governor Mark Carney more leeway to support the economy should the recovery weaken. Inflation eased to 2.4 percent ...
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Outsourcing firms help Britains FTSE steady at 13-year high
By Francesco Canepa LONDON (Reuters) - The FTSE 100 steadied at near-13-year highs early on Tuesday, as rallies in outsourcing companies Capita and G4S offset a sharp fall in cruise operator Carnival Corporation. Capita rose 6.3 percent to ...
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Eurozone crisis live Severe economic weakness in Southern Europe warns Vodafone
The economic crisis in Southern Europe has been laid bare by Vodafone this morning. It warned shareholders that it has been scorched by the ongoing slump in demand in Spain, Italy, Portugal and Greece, blaming "severe macroeconomic weakness" across the ...
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Nationale Nederlanden facing €2.7bn miss-selling claim
Insurance group Nationale Nederlanden faces a possible €2.7bn claim for miss-selling of its investment-based savings scheme. Website Follow the money has obtained a copy of a report by financial services complaints institute Kifid which says Nationale Nederlanden charged a client undisclosed costs on an investment-based savings scheme and must repay these together with the unrealised ...
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Former IRS commissioner heads to Hill amid scandal
The former head of the Internal Revenue Service heads to Capitol Hill on Tuesday, giving lawmakers their first opportunity to question the man who ran the agency when agents were improperly targeting tea party ...
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Committee nears final big immigration decisions
View Photo Associated Press/J. Scott Applewhite - Senate Judiciary Committee Chairman Sen. Patrick Leahy, D-Vt., right, confers with the committee's ranking Republican, Sen. Chuck Grassley, R-Iowa, on Capitol Hill ...
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Cannes Euro Studios Look to Benefit From Busy London Soundstages
European film studio facility operators in such places as Germany and Eastern Europe feel positioned to take advantage of a shortage of free studio space in London and attract big Hollywood productions in the second half of the year and ...
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Easier travel ahead for Conn. commuters
Metro North employees, in orange vests, help transfer westbound commuters at the transportation center in Bridgeport, Ct., to shuttle buses Monday, May 20, 2013. The commuters had arrived from New Haven by train and were being bused to Stamford, Ct., where rail service to New York was available. A train collision on Friday injured 72 people and disrupted rail service into New York City. (AP ...
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Tax avoidance costs developing countries €460m Oxfam Novib
Developing countries are missing out on some €460m a year in income because big companies use letterbox firms to avoid paying tax there, according to Dutch aid group Oxfam Novib. Brewers, oil firms and mining companies are happy to do business in Africa but use complicated constructions to reduce their tax bills, the organisation’s research, quoted by RTL news, shows. This is a ...
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Despite Rubio’s wooing radio hosts protest immigration bill
U.S. Marco Rubio (R-FL) stand with other senators in the gang of eight in an April news conference on immigration … Conservative radio talk show hosts have signed a letter opposing the sweeping immigration reform bill in the Senate, bucking tea party favorite Sen. Marco ...
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Images of Oklahoma tornado devastation
A child is pulled from the rubble of the Plaza Towers Elementary School in Moore, Okla., and passed along to rescuers Monday, May 20, 2013. A tornado as much as a mile (1.6 kilometers) wide with ...
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The currency gained 0.5 percent to 131.85 per euro
The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades. After inflation, 10-year U.S. notes yielded 0.91 percent last week, or 1.77 percentage points more than real yields on U.K. gilts, the widest spread in 25 months. Versus Germany, the ...
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Israel fires back at Syria after gunshots at its troops
Israeli soldiers walk together during a training close to the ceasefire line between Israel and Syria on the Israeli occupied Golan Heights May 7, ...
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IRS officials back on Capitol Hill hot seat over targeting
WASHINGTON (Reuters) - A Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra scrutiny when they sought tax-exempt ...
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Yahoo CEO Mayer pledges to get it right on $1.1bn Tumblr buy out
Peter Flanagan New Technology Correspondent - 21 May 2013 YAHOO boss Marissa Mayer promised "not to screw things up" after her company agreed to pay $1.1bn (EUR780m) for the blogging site ...
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Aminex shares plunge 39pc as explorer details project delays
Peter Flanagan - 21 May 2013 SHARES in exploration firm Aminex plunged by more than a third yesterday after the company reported a host of delays to its operations ...
Europe Focus
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US nuclear missles in Europe remain poised for a war that will never come
The United States and Russia recently signed a new landmark nuclear non-proliferation treaty called START in March and the US in early May followed up its non-proliferation goals by making the unprecedented step of publicly declaring how many nuclear weapons it had – just over 5,113 in total, though many of them are in storage and would take time to be deployed.
That is a vast reduction compared to the total arsenal the country possessed at the height of the Cold War in 1967, the number at that time was 31,225, according to reports by European news media. Read more
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