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(MENAFN - AFP) New Zealand's economy expanded 0.9 percent quarter-on-quarter in October-December 2013, taking annual growth to 2.7 percent, official data showed Thursday.

The figures, driven by a 2.1 percent rise in manufacturing, were in line with expectations and are unlikely to alter the central bank's policy of tightening interest rates, which began earlier this month.

Statistics ...


(MENAFN - AFP) Toyota has suspended 17 workers at its Indian auto assembly plants which were temporarily closed this week following protests against delayed pay rises, a union and company official said Thursday.

The workers were suspended for misconduct and indiscipline over the protests at the two factories in southern India, which the company says included threats against ...


(MENAFN - AFP) The brutal murder of a three-year-old boy in a mafia ambush in southern Italy shows that the so-called "code of honour" among members of organised crime groups is pure myth, according to experts.

Domenico was shot dead along with his mother and her partner when the car they were travelling in was attacked by gunmen in Taranto on Monday, sparking reactions ...


(MENAFN - AFP) Google co-founder Larry Page on Wednesday condemned US government snooping on the Internet as a threat to democracy.

His comments came during an on-stage chat at a TED gathering, where a day earlier fellow Google founder Sergey Brin had a virtual encounter with National Security Agency whistle blower Edward Snowden.

A photo of Brin smiling with a robot ...


(MENAFN - AFP) Several thousand Hungarian Jews marked the 70th anniversary of Nazi Germany's invasion of Hungary on Wednesday with a memorial service outside the Grand Synagogue in Budapest.

The service, organised by Mazsihisz, the country's largest Jewish organisation, was the first in a series of events marking the Holocaust, which claimed the lives of some 600,000 ...


(MENAFN - AFP) Russia's intervention in Crimea has cost it "real economic pain," the United States said Wednesday as it readied a new slew of sanctions to punish Moscow for taking over Ukraine's southern peninsula.

"The question at this point is not if we will do more sanctions, it's when," State Department spokeswoman Jen Psaki told reporters.

On Monday, Washington ...


(MENAFN - AFP) New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke Wednesday, shrugging off recent economic weakness as largely weather-caused.

But she also took a crucial step to reshape how the Fed has signaled its interest rate plans, removing what has been a source of confusion that has riled markets for months.

After ...


(MENAFN - AFP) In a Tehran park, a group of young women brave sneering men and shocked looks as they perform flips, mid-air somersaults and bound from pillar to pillar in a surprising sight in a conservative Islamic country.

The group has discovered parkour, the fast-moving sport blending acrobatics and gymnastics that has become their outlet for evading social constraints ...


(MENAFN - AFP) Nelson Mandela's oldest daughter Makaziwe and a granddaughter on Wednesday launched their wine collection in the Netherlands, hoping the world-famous branding will help them conquer the European market.

Called the "Thembu Collection" after Mandela's tribe of Xhosa-speaking people, the House of Mandela winery's products mark the Mandela family's first commercial ...


(MENAFN - AFP) US stocks dropped after Federal Reserve Chair Janet Yellen offered a rough time-table for when the central bank could raise benchmark interest rates.

The Dow Jones Industrial Average slid 114.02 points (0.70 percent) to 16,222.17.

The broad-based S&P 500 fell 11.48 (0.61 percent) to 1,860.77, while the tech-rich Nasdaq Composite Index declined ...

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