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(MENAFN - AFP) The euro briefly sank to a new 11-year low against the dollar in early Asian trade Monday after anti-austerity party Syriza swept to victory in Greece's general elections.

The single currency was trading at $1.1169 at about 0040 GMT after dipping to $1.1088 in Tokyo early morning trade, the lowest level since September 2003.

The dip comes after the euro ...

(MENAFN - AFP) Greek anti-austerity party Syriza's resounding election win on Sunday leaves the European Union caught between finding a compromise with its leader Alexis Tsipras and making concessions that will be hard to swallow for countries like Germany, analysts said.

Having won over a frustrated Greek public with fighting talk of renegotiating the country's 240-billion-euro ...

(MENAFN - AFP) Japan's trade deficit swelled to a record $109 billion in 2014, official data showed Monday, weighed down by post-Fukushima disaster energy bills.

The shortfall of 12,781 billion yen ($109 billion) was up 11.4 percent from the 2013 deficit and the worst since records began in 1979, according to the finance ministry.

In December alone, however, the deficit ...

(MENAFN - AFP) The World Health Organization's chief on Sunday admitted the UN agency had been caught napping on Ebola and pledged reforms to avoid similar mistakes in future.

Despite turning a corner in the fight against Ebola, there was no room for complacency, WHO head Margaret Chan told a rare emergency session of the agency.

Chan acknowledged blistering criticism ...

(MENAFN - AFP) Anti-austerity party Syriza won a historic victory in Greece's election Sunday, partial results showed, setting up a confrontation with the EU over its plans to renegotiate the country's massive bailout.

The left-wing party took over 36 percent of the vote compared to 28 percent for the conservative New Democracy party of incumbent Prime Minister Antonis Samaras, ...

(MENAFN - AFP) German rail operator Deutsche Bahn said Sunday it has been joined by several companies in a 2.9 billion euro ($3.2 billion) lawsuit against Lufthansa and other airlines for fixing air cargo prices.

A Deutsche Bahn spokesman told AFP the companies involved in the lawsuit were "big corporations", but declined to give the exact number or their identities.

The ...

(MENAFN - AFP) The left-wing Syriza party led by Alexis Tsipras won Greece's general election on Sunday after campaigning on a pledge to renegotiate the country's international bailout and reverse years of spending cuts and painful economic reforms.

The party's ambitions have already sent shockwaves through financial markets and the rest of the eurozone.

They have ...

(MENAFN - AFP) Greece is "leaving behind disastrous austerity" and the so-called troika of creditors "is finished", Syriza leader Alexis Tsipras said Sunday after his party won the general election.

"The verdict of our people means the troika is finished," the 40-year-old Tsipras said, referring to the country's international lenders the European Union, the International ...

(MENAFN - AFP) US President Barack Obama said Sunday he would recommend a large swath of Alaska be designated as wilderness, the highest level of federal protection, in a move angering state oil proponents.

By setting aside 12.28 million acres (five million hectares) of public land in the Arctic National Wildlife Refuge, or ANWR, as wilderness, the oil-rich area would be ...

(MENAFN - AFP) After days of men's ready-to-wear clothes, Paris Fashion Week shifts up a gear on Sunday to its marquee event: the Haute Couture shows that happen only in the French capital.

Italian house Versace will be the first to step into the prestige whirl of handmade women's collections for spring-summer 2015.

In all, 24 catwalk shows, including ones by Chanel, ...

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