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  Budapest / AFP Hungary’s central bank said on Thursday it was now ready to leave interest rates alone after cutting a key rate to a record level. The bank, the MNB, cut the benchmark rate to a fresh record low of 0.9 percent Tuesday, in what it says is now the end of its third interest rate easing cycle since ...

  Paris / AFP The global financial crisis may have caused an additional 500,000 cancer deaths from 2008-2010, a new study said on Thursday, with patients locked out of treatment because of unemployment and healthcare cuts. The figures were extrapolated from an observed rise in cancer deaths for every percentage increase in unemployment, and every drop in public healthcare spending. “From ...

  Bloomberg The number of U.S. jobs in solar energy overtook those in oil and natural gas extraction for the first time last year, helping drive a global surge in employment in the clean-energy business as fossil-fuel companies faltered. Employment in the U.S. solar business grew 12 times faster than overall job creation, the International Renewable Energy Agency said in ...

  Bloomberg Coca-Cola Co. is bringing in a Mexican partner to handle bottling in parts of the U.S. as the beverage giant boosts its reliance on franchise operators to make and distribute its drinks. Arca Continental SAB, Latin America’s second-biggest Coca-Cola bottler, will help oversee territories in Texas and parts of Oklahoma, New Mexico and Arkansas, the companies said in ...

  Bloomberg After two notes sales this week left primary dealers with the fewest Treasuries on record, investors will get another chance to load up on U.S. government debt on Thursday as seven-year securities are auctioned. The Treasury is scheduled to sell $28 billion of seven-year notes, the last of three fixed-rate aussctions this week totaling $88 billion. A gauge ...

  Rio De Janeiro, Brazil / AFP Thousands of Brazilians lined up on Wednesday at a Rio jobs fair, many of them so desperate to escape the country’s economic nosedive that they said they’d take anything on offer. In a symbol of Brazil’s precipitous slide into economic hardship, the almost stationary queue stretched right across a large central square. They were ...

  ABU DHABI / WAM Passenger traffic at Abu Dhabi International Airport(AUH) grew 4.8 percent in April 2016, compared to the same month last year, according to an announcement from Abu Dhabi Airports. A total of 1,960,946 people traveled through AUH last month, exceeding April 2015’s figure of 1,871,337. The top-five routes were London Heathrow, Doha, Bangkok, Bombay and Jeddah. ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, on Wednesday opened the Burj Al Arab Terrace in the presence of Deputy Ruler of Dubai HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum. A world-first in marine and off-site construction, the Burj ...

  CAIRO / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State (Chairman of the Board of Director of National Media Council (NMC), on Wednesday stressed that the UAE media sector is playing a vital role in combating terrorism and extremism in line with the directives and vision of the country’s leaders for countering violence and hate speech. ...

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, emphasised the keen interest of the United Arab Emirates to strengthen co-operation with China and Hong Kong in the light of the common desire of both governments and their continuing efforts to work for the mutual benefit of the two friendly peoples. In a statement to the ...