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(MENAFN - AFP) Britain has sold an extra 7.8-percent stake in bailed-out Lloyds Banking Group for £4.2 billion ($6.9 billion, 5.0 billion euros), it said Wednesday.

The latest sale, pitched at 75.5 pence per share to institutional investors, takes the state's overall holding from 32.7 percent to 24.9 percent, the Treasury said in a statement.

Prime Minister David ...


(MENAFN - AFP) The amateur trapeze artist on the not very high wire juggles while trying to keep his balance, but fails and falls. A crowd of hundreds of villagers claps anyway.

After all, he is just a soldier -- part of a roving Colombian circus made up of military personnel.

The circus is part of efforts to ease local fears about Colombian armed forces after decades ...


(MENAFN - AFP) A collection of works by LS Lowry sold for £15.2 million ($25 million, 18.2 million euros)at a London auction, with a painting of Piccadilly Circus topping the night's bidding at £5.1 million.

The oil paintings belonged to Cambridge businessman and collector Tony Thompson, who died last year. The Sotheby's sale saw 13 paintings go under the hammer.

"We ...


(MENAFN - AFP) A handful of fed-up residents in one of the world's noisiest cities have taken on a daunting challenge: persuading Indian drivers to stop honking their car horns.

Non-stop beeping has become the dominant soundtrack to Mumbai as clattering rickshaws, public buses, clapped-out taxis, weaving motorbikes and private cars fight for space on the traffic-clogged ...


(MENAFN - AFP) Perched on the edge of a mine shaft, Joel Sawadogo, 13, readies the fragile plastic lamp strapped to his forehead with an elastic band as he prepares to lower himself into the darkness.

He is one of hundreds of children and young people working at the Nobsin mines, about an hour's drive from Burkina Faso's capital Ouagadougou, who every day risk their lives ...


(MENAFN - AFP) A quiet revolution is afoot in the Vatican.

With many of Pope Francis's new appointments, control over the powerful city state is slipping, slowly but surely, from the centuries-old grip of the Italian hierarchy.

Popes may come and go -- and three in a row now have been non-Italian -- but the inner workings of the opaque Vatican bureaucracy, the Curia, ...


(MENAFN - AFP) Maritime inspectors found leaky lifeboats or faulty fire doors on several cruise liners last year in the wake of several highly-publicized scandals in the booming industry.

A forum organized in Washington by the National Transportation Safety Board (NTSB) heard about the problems on Tuesday.

Captain Eric Christensen of the US Coast Guard said 140 cruise ...


(MENAFN - AFP) South Korea's largest carmaker Hyundai Motor said Wednesday it will sign a preliminary agreement to build a fourth plant in China, as it looks to expand in the world's biggest car market.

Chairman Chung Mong-Koo will put his name to the deal on Thursday, it said in a statement.

With an annual production capacity of 300,000 cars, the plant in the southwestern ...


(MENAFN - AFP) Intel announced it has bought fitness-tracking band maker Basis Science as part of a move into the hot wearable computing market.

The California-based chip maker on Tuesday did not disclose how much it paid for Basis, which makes a strap-on wrist band that captures data such as heart rate, activity, and sleep to help people live healthier.

Information ...


(MENAFN - AFP) Heated debate on the cost of temporary World Cup stadium facilities saw lawmakers in the southern Brazilian state of Porto Alegre back a plan for tax incentives to pay for temporary stadium facilities.

Lawmakers voted late Tuesday, to pass a package offering the incentives to private firms stumping up around $11 million for facilities at the Beira Mar stadium ...

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