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The Walt Disney Company To Acquire Twenty-First Century Fox, Inc., After Spinoff Of Certain Businesses, For $52.4 Billion In Stock

21st Century Fox to spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders Acquisition complements and enhances The Walt Disney Company’s ability to provide consumers around the world with more appealing content and entertainment options Transaction to include 21st Century Fox’s film and television […]

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Foreign trade increased faster in Estonia in 2016 than in the euro area as a whole

The surplus on the current account of the Estonian balance of payments in 2016 was the largest since independence was regained Foreign trade picked up last year as both exports and imports increased Estonia is one of the few EU member states to owe less to other countries than is owed to it According to […]

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Price rises in February were primarily due to higher prices for oil and food – Bank of Estonia

Data from Statistics Estonia show that consumer price inflation was 3.4% in February, with prices up 1.3% on the previous month.Preliminary estimates put inflation in the euro area at 2% and prices had stopped falling in all the euro area countries according to the latest data from January. Higher inflation reduces the purchasing power of […]

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Former Bundesbank president Hans Tietmeyer dies aged 85

The Deutsche Bundesbank mourns the passing of its former president, Hans Tietmeyer, who died on 27 December 2016 at the age of 85. Hans Tietmeyer started working at the Bundesbank in 1990, first as a Member of the Executive Board and then as its Vice-President. He was appointed to the post of Bundesbank President on 1 October 1993, a position he […]

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Amazon Announces Best-Selling Books of 2016

Harry Potter and the Cursed Child is the best-selling book of 2016 overall and in the Kids & Teens category Harry Potter and the Cursed Child is also this year’s Most Wished For and Most Gifted book Amazon today announced its best-selling books of 2016, best-selling Kids & Teens books of 2016, as well as […]

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AT&T to Acquire Time Warner

New company with complementary strengths to lead the next wave of innovation in converging media and communications industry. -Combination unlike any other — the world’s best premium content with the networks to deliver it to every screen, however customers want it -The future of video is mobile and the future of mobile is video -Time […]

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CHRISTMAS CRACKER: UK RETAIL SALES TO GROW AN ESTIMATED 2.5.% IN DECEMBER 2016

As Brits start to turn their minds towards filling this year’s stockings, Mintel estimates that total UK retail sales will grow 2.5% in December 2016 to reach £42.2 billion. Shying away from the Christmas high street rush, new research from Mintel reveals that as many as one in five (20%) Brits plan to shop online […]

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DONG Energy welcomes consent decision for Hornsea Project Two offshore wind farm

DONG Energy has today (16 August) welcomed the decision of the Secretary of State for Energy to grant development consent for the Hornsea Project Two offshore wind farm, located 89 kilometres off the Yorkshire coast. Hornsea Project Two will have a capacity of up to 1.8 gigawatts (GW) and will consist of up to 300 […]

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Residential mortgage keeps growing in Russia

In 2016 H1, credit institutions extended 389,800 residential mortgage loans (RML) worth 389,800 according to statistics posted on Bank of Russia website. The growth of provided funds against 2015 H1 data totalled 44.2% and was still attributed to loans in rubles. In 2016 H1, the loan debt in foreign currency kept on reducing and accounted […]

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Bank of England cuts Bank Rate to 0.25% and introduces a package of measures designed to provide additional monetary stimulus

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.  At its meeting ending 3 August 2016, the MPC voted for a package of measures designed to provide additional support to growth and to achieve a sustainable […]

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Shop prices keep declining in the UK

Period Covered: 04 – 08 July 2016 – Overall shop prices reported deflation of 1.6% in July, from the 2.0% decline in June. This is above the 12-month average of 1.8%. – Non-food deflation decelerated to 2.2% in July from 2.8% in June. This is above the 12-month average of 2.8% – Food deflation remained […]

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Mycronic acquires Shenzhen Axxon Automation Co.,Ltd

Täby, 1 August, 2016 – Mycronic AB (publ), has signed an agreement to acquire 75 percent of Shenzhen Axxon Automation Co.,Ltd (Axxon) for a cash consideration of approximately SEK 430 million. The acquisition will be financed through own funds. As part of the agreement Mycronic will acquire the remaining shares of the company in two […]

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LUKOIL COMMISSIONS PHASE I POWER SUPPLY AT USINSKOYE FIELD, KOMI

PJSC LUKOIL commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and will increase utilization of associated petroleum gas. The project, developed and implemented by PJSC LUKOIL’s wholly owned subsidiary, LUKOIL-Engineering […]

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Turkish Statistical Institute: Sectoral Confidence Indices, July 2016 – Services confidence index increased by 5.3%

Seasonally adjusted confidence index which was 95.75 for services in June increased to 100.86 in July. This increase in the services confidence index stemmed from the increased number of managers evaluating “business situation” as improved and “demand-turnover” as increased over the past three months plus expecting an increase in “demand-turnover” over the next three months. […]

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Vattenfall to build a wind farm off Aberdeen

Vattenfall has decided to invest more than SEK 3 billion in a combined wind farm and technology development centre off the Scottish coast The wind farm, known as the European Offshore Wind Deployment Centre (EOWDC), will comprise eleven turbines and have a capacity of 92.4 MW. Apart from generating electricity, it will also be a […]

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