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February 03, 2016
Russian tourism in Turkey crumbles after plane downing
Istanbul (AFP) Jan 29, 2016
The number of Russians visiting Turkey almost halved in December from the same period a year earlier as the crisis in relations over the shooting down of a Russian warplane hit the country's crucial tourism industry. The Turkish tourism ministry said in its monthly figures late Thursday that 25,485 arrivals were recorded from Russia last month, down 46.9 percent from the comparable figure of 47,954 in December 2014. The shooting down by Turkey's air force of a Russian warplane on the border with ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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Fincantieri signs framework accords with Iranian companies
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Wallstrom condemns China detention of two Swedes
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Japan's 2015 trade deficit narrows as oil prices tumble
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Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
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24/7 News Coverage
Rescuers race to save over 100 buried after Taiwan quake

Eleven dead after powerful Taiwan quake fells buildings

Brazil's anti-Zika war goes house to house

New year, new travel: more Chinese choose tourism over tradition

Volcano in southern Japan erupts in fiery show of nature

Zimbabwe declares 'state of disaster' over drought

Nepal quake survivors fight freezing temperatures

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Kerry in Laos to discuss bomb legacy and ASEAN partnership
US Secretary of State John Kerry on Monday hinted Washington may boost the $15 million fund it provides to tackle the deadly legacy of unexploded American bombs in Laos, during a rare visit to the reclusive communist state. ... more
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US firms moving operations out of China: survey
One out of four US companies active in China has moved some operations out of the country or is planning to, as conditions worsen in the world's second-largest economy, an American business group said Wednesday. ... more
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Ukraine launches new China trade route bypassing Russia
Ukraine on Friday launched the first cargo train to China that will bypass Russia along a new "Silk Road" meant to counter the Kremlin's most stringent trade embargo on Kiev to date. ... more
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WTO faults EU in nuts and bolts dispute with China
The World Trade Organization on Monday ruled against the European Union in a dispute that has been raging since 2009 between the bloc and China over import duties on nuts and bolts. ... more
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China FDI up 5.6 percent in 2015: official data
Foreign investment into China accelerated in 2015 as cash poured into the country's service sector, official data showed Thursday, despite slowing expansion in the world's second-largest economy. ... more
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Commodity price falls a $160 billion bonus for China
Slumping prices saved China more than $160 billion on its imports of commodities such as oil, iron ore, coal and copper last year, official figures showed on Wednesday. ... more
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Chinese exports down in December, but better than forecast
Chinese exports exceeded expectations in December, spurring a rally on Asian markets Wednesday, in a rare bright spot for the world's second-largest economy which has been hit by slowing growth and saw overall trade drop last year. ... more
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EU opens debate on China market status
The EU said it will on Wednesday launch a year of delicate deliberations to decide whether China should be considered a market economy, a long-denied status that would make it harder for Europe to fight off cheap imports. ... more
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ADB to work with China-backed AIIB: Nakao
The US-backed Asian Development Bank will cooperate with a major new Chinese-led multilateral lending institution and they plan to co-finance projects this year, the ADB's president said Friday. ... more
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China tries 10 employees of US firm in fast food scandal
Ten employees of a US company which supplied foreign fast food outlets in China including KFC and McDonald's have been tried over a substandard meat scandal, a court official said Thursday. ... more
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China to merge two shipping companies in reform push
China will combine two of its state-owned shipping giants, the companies said, the sector's second multi-billion-dollar merger in a month as the government pushes consolidation of its nationalised enterprises. ... more
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Philippines to join China-backed Asian infrastructure bank
The Philippines said Wednesday it will join the China-backed Asian Infrastructure Investment Bank, despite being engaged in a dispute with Beijing over its claims in the South China Sea. ... more
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Taiwan, China launch hotline after historic summit
The first hotline between China and Taiwan was launched Wednesday, in a move designed to build ties between the two sides following a historic summit between their leaders. ... more
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China fines seven foreign shippers for 'price-fixing'
China on Monday fined seven foreign shippers including three Japanese firms a combined 407 million yuan ($63 million) for price-fixing in the latest case involving government scrutiny of overseas companies. ... more
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Hong Kong apartment sells for record $76.7 mn
A luxury apartment in Hong Kong sold for a record HK$594.7 million ($76.7 million), days before Christmas, making it the most expensive flat in the city and possibly in Asia, reports said Friday. ... more
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AIIB formally established: government
The China-backed Asian Infrastructure Investment Bank (AIIB), viewed by some as a rival to the World Bank and Asian Development Bank, was formally established on Friday, according to a statement issued by Beijing. ... more
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Space News from SpaceDaily.com
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Global miners steel for worse after torrid year
Global miners are battling to stay afloat after enduring one of the toughest years in recent times, with tumbling commodity prices and supply gluts set to force more closures and massive cuts in 2016, analysts say. ... more
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Police probe China metals exchange: govt
Chinese police are investigating a troubled state-managed metal exchange for criminal offences, the local government said late Tuesday, months after it failed to pay investors. ... more
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Malaysian bauxite rush brings wealth, and worries
Malaysian farmer Surin Beris's palm plantation has been razed and bulldozers are tearing into its red soil, releasing potentially hazardous dust into the environment - yet he couldn't be happier. ... more
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Zimbabwe to expand use of yuan as China cancels $40 mn debt
Zimbabwe said Monday that China plans to cancel $40 million in debts as the southern African country seeks to expand use of the yuan in its multi-currency economy. ... more
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Bitcoin's 'blockchain' tech may transform banking
The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize the sector. ... more
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Cook bashes talk Apple is dodging taxes
Apple chief Tim Cook emphatically rejected accusations that the world's richest company is sidestepping US taxes by keeping bundles of cash overseas, suggesting that the claim was politically motivated. ... more
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Chinese pull plug on French tech park: French official
Franco-Chinese plans to set up a business and technology park on a 130-hectare site in eastern France, have bitten the dust three years after they were first mooted, local authorities said Wednesday. ... more
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Mongolia's giant Oyu Tolgoi mine gets $4 bn financing
Anglo-Australian mining giant Rio Tinto secured a multi-billion deal Tuesday to finance a huge expansion of its giant but controversial Oyu Tolgoi mine in Mongolia, the focus of rising resource nationalism. ... more
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