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December 7, 2016 12:54 PM Cyprus plans new push for telecoms firm privatisation in January

LONDON Dec 7 Cyprus aims to take a bill to parliament in January to privatise a stake in state telecoms firm Cyta, and hopes to sell Cyta's Greek subsidiary in March or April next year, one of its top privatisation officials said on Wednesday. The government was in the "final stages" of developing legislation to sell a minority stake in Cyta, the Finance 43

December 6, 2016 3:51 PM E.U. Leaders Talk Tough on ‘Brexit’ and Warn That Time Is Short

BRUSSELS — For months, Britain’s government has suggested that, when it leaves the European Union, it can retain many of the economic advantages of membership. On Tuesday, that idea received its clearest rebuff yet, when Michel Barnier, one of the bloc’s lead negotiators, insisted that “cherry picking is not an option” and argued that no country could 54

December 6, 2016 11:45 AM Azeri cbank head says could revise rates next year

BAKU Dec 6 Azerbaijan's central bank could revise interest rates next year if needed to preserve macroeconomic stability, the bank's governor, Elman Rustamov, said on Tuesday. "In 2017, in connection with the need to achieve our objective of macroeconomic stability and banking sector liquidity, the central bank of Azerbaijan will increase the scale of operations 37

December 6, 2016 11:32 AM Brexit: EU negotiator says 'time's short' for reaching deal

The UK will have to reach a Brexit deal by October 2018, according to the EU's chief negotiator for Brexit. Michel Barnier told reporters that "time will be short" for negotiations because the proposed deal needed to be ratified as part of the two year process set to be triggered in March. He said the UK could not "cherry pick" on issues such as the single 51

December 6, 2016 9:42 AM Iran vows not to let Trump destroy nuclear deal

Iran vows not to let President-elect Donald Trump to rip up its nuclear agreement that was signed with world powers, Iranian President Hassan Rouhani said Tuesday. "(Trump) wants to do many things, but none of his actions would affect us ... Do you think the United States can rip up the JCPOA (the Joint Comprehensive Plan of Action nuclear deal)? Do you think 46

December 6, 2016 8:45 AM India’s Tamil Nadu State Loses Beloved Chief Minister Jayaram Jayalalithaa

Chief minister was once a star of the Tamil silver screen The daughter of an actress in Tamil-language films, Ms. Jayalalithaa’s first career was in show business. She was featured in more than 100 movies, which catapulted her to fame before she turned to the political arena in the 1980s, serving as chief minister of her state four times. A minister 55

December 6, 2016 6:21 AM Korea's President Might Be Impeached and its Markets Are Surging

The end of Park Gyeun-hye’s presidency can’t come fast enough for investors in South Korean assets. The benchmark Kospi stock index jumped 1.4 percent on Tuesday, the most in almost a month, amid speculation Park would be impeached before an announcement after the market closed that she would step down. The president will leave office in April, Yonhap 53

December 6, 2016 12:24 AM Contenders line up to replace New Zealand's outgoing leader

WELLINGTON New Zealand Finance Minister Bill English said on Tuesday he planned to stand for prime minister after John Key's surprise resignation a day earlier. English, a former Treasury Department analyst who is also deputy leader of the ruling center-right National Party, is viewed by both lawmakers and political analysts as the front-runner for the top job. "I can see fantastic 58

December 5, 2016 9:38 PM Renzi told to stay put a bit more; foes press for vote

ROME (AP) — Calls mounted rapidly Monday from populist and other opposition leaders for quick elections in Italy, seeking to capitalize on Premier Matteo Renzi's humiliating defeat in a referendum on government-championed reforms. The president, though, told Renzi to stay in office a bit longer until a critical budget law is passed. Some officials say Parliament 57

December 5, 2016 8:03 PM Anti-immigrant, anti-euro populists gain ground in Italy as prime minister resigns

ROME — Italy’s anti-elite parties vowed Monday to join forces with other insurgents around Europe as Prime Minister Matteo Renzi prepared to resign, but it was unclear whether an unlikely alliance of disaffected voters could propel the populists to office. Italy plunged into political uncertainty Monday after the decisive defeat of Renzi’s signature 57