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(MENAFN - AFP) Lots of things freeze in Russia's bitterly cold winters, but not usually food prices, yet that is exactly what top supermarket chains are doing to protect the poor from galloping inflation.

The plunging ruble and a Russian embargo on European Union and US food products in retribution over Ukraine sanctions has resulted in prices for many goods skyrocketing.

The ...

(MENAFN - AFP) They sell everything from noodle soup to sex toys, but Bangkok's famed street hawkers are now facing a crackdown as authorities in the fast-growing metropolis struggle to make space for pedestrians on the crowded pavements.

The move to relocate thousands of sellers from main roads to side streets or restrict touting to the night is part of a campaign to "reclaim ...

(MENAFN - AFP) Four weeks from the lifting of European Union milk quotas, Ireland is looking forward to a radical shake-up of its farming sector that would boost dairy output by 50 percent over the next five years.

Exporters are aiming to expand sales of Irish milk and cheese in a boom that would make Ireland the fastest-growing dairy producer in the world.

"Good riddance ...

(MENAFN - AFP) China's manufacturing activity contracted for the second straight month in February, the government said on Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world's second-largest economy.

The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) came in at 49.9 last month, ...

(MENAFN - AFP) Lithuania said Saturday it had signed a trade agreement to buy liquified natural gas from the United States in a move aimed at reducing the EU Baltic state's heavy dependence on Russian gas deliveries.

Under the deal with Houston-based Chenier Energy company, the first LNG fuel is expected to arrive in Lithuania as early as next year, state-owned company Litgas ...

(MENAFN - AFP) China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy.

The move, which goes into effect Sunday and marks the second cut in four months, was largely expected amid a raft of weakening economic indicators, ...

(MENAFN - AFP) Chile's President Michelle Bachelet on Saturday visited a 14-year-old girl suffering from cystic fibrosis who made a heart-wrenching video appeal to be allowed to end her life.

Valentina Maureira had addressed Bachelet personally in the message, which she recorded with a smartphone and uploaded to YouTube from her hospital bed without her parents knowledge.

"I ...

(MENAFN - AFP) Billionaire investor Warren Buffett hinted Saturday he had found a successor to replace him as he reflected on 50 years in charge of his Berkshire Hathaway conglomerate in an annual letter to shareholders.

The 84-year-old investment guru, ranked by Forbes as the world's third richest man with a fortune estimated at $72.3 billion, said his replacement as CEO ...

(MENAFN - AFP) Greece's premier on Saturday vowed no surrender in his "battle" with the country's creditors and accused other eurozone stragglers of trying to undermine its negotiations with Brussels.

"The battle will continue," Prime Minister Alexis Tsipras told the central committee of his hard-left Syriza party. "Anybody thinking that we are going to go away will be disappointed."

Tsipras ...

(MENAFN - AFP) Bailed-out Spanish financial giant Bankia announced Saturday an 83 percent jump in its 2014 net profits to 747 million euros, though the group remains under investigation for an ill-fated 2011 stock listing.

The jump in gains at the bank was due in part to a change in accounting norms that pushed down 2013's profits, the bank said unveiling last year's results. ...

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