Sunday 2 August 2015
 
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Europe

Next IMF boss likely to come from outside Europe

The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturday.

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Europe moves to restore funding to Greece after bailout

Europe has moved to re-open funding to Greece's stricken economy after the parliament in Athens approved a new bailout programme in a fractious vote that left the government without a majority. The European Central Bank increa

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Europe won't let Athens go under, says Greek minister

Greece's finance minister accused creditors of trying to "terrorise" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout t

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Europe braces up for powerful heatwave

A powerful heatwave is forecast to sweep across Europe's western flank next week, to the delight of fans of the Wimbledon tennis tournament in Britain even as France and Portugal were put on alert. "It looks like heat wil

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MSC Cruises, Etihad to launch new travel package

MSC Cruises, a privately-owned international cruise line, has partnered with UAE’s Etihad Airways, to offer its cruise guests travelling to Abu Dhabi and the UAE the best experience, both at sea and in the air. The partnership wil

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Etihad appoints new public affairs head in Europe

Etihad Airways, UAE’s national airline, has appointed Philippe Eydaleine as Head of Public Affairs in Europe. Eydaleine, a seasoned public affairs leader with more than three decades of experience, will work and engage with

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Citi to shift EU retail banking base to Dublin

Citigroup is planning to shift the head office of its European retail banking operation to Dublin from London to benefit from lower costs and capital requirements. This week the bank wrote to clients to say the UK-based business,

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Alstom to continue to defend GE deal with EU

French engineering group Alstom said on Friday it will continue to provide evidence on the positive impact for Europe of the planned sale of its power business to General Electric Co. Alstom was reacting after two people familiar

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European firms eye investment in $2.8bn Iran refinery

Eight western European companies are keen to invest in Iran's $2.8 billion Siraf oil refinery project, an Iranian official said on Monday, as the country ramps up capacity to reduce is dependence on imports. Iran - Opec's

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Sonatrach diverts Europe gas to Asia, eyes Latam LNG deals

Algeria's state-run energy firm Sonatrach expects to continue diverting gas supplies away from Europe towards Asia as it also explores potential new long-term supply deals with South American importers, a top official said. &n

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