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  Bloomberg Yapi ve Kredi Bankasi AS fell most in more than 11 months after a report UniCredit SpA may sell its stake in Turkey’s fourth-largest listed lender. Yapi Kredi Bank declined 5.6 percent to 3.72 liras at close in Istanbul, the biggest decline since June 8. The stock also pared its gains for 2016 to 13.1 percent. UniCredit SA, ...

  BLOOMBERG UBS Group AG is trimming some positions at the investment bank as part of a plan to reduce costs across the business in response to a revenue slump, according to people with knowledge of the situation. At least a dozen London-based employees in the securities unit lost their jobs this week, said the people, declining to be identified ...

  BRUSSELS / Reuters The European Investment Bank (EIB) wants to make more loans outside the 28-nation European Union to help tackle the migration crisis and will present plans to European Union leaders at their next meeting in June, its president said in a recent interview. Werner Hoyer cited rules that say the bank must lend 90 percent of its ...

  Madrid / Bloomberg Spain’s state-rescued lender Bankia said it has paid out 1.2 billion euros ($1.35 billion) in compensation to small investors who bought into its failed stock market listing in 2011. The bank returned money to over 190,000 people, either through its own claims scheme or following legal challenges, it said in one of the recently released statements. ...

  Bologna / DPA A group of Italians stares out onto a market from an office in Bologna where they are discussing plans for a new gourmet amusement park which only Italians could have dreamed up. Although much of the world is familiar with pizza and pasta only, Italians relish a rich-tasting array of meats, exotic vegetables, cheeses and sauces ...

  New York / DPA Duke Riley was just a child when he rescued an injured pigeon, taking care of it until it was ready to fly away again.But then the bird came back.Now, many years later, the experience has motivated the Boston artist to use a huge flock of pigeons in a piece of performance art high in the ...

  New York/ AP Upcoming virtual-reality headsets based on Google’s new Daydream VR system won’t be as sophisticated as Facebook’s Oculus Rift. But they could give more people a taste of VR and make better games and applications affordable. Google stated that it will develop a range of VR headsets that promise to be more comfortable and durable than its ...

  New Delhi / AFP Apple said it will open a development office in Hyderabad, as its chief executive Tim Cook continued his India charm offensive with an investment boon to one of the country’s top technology hubs. The IT giant said the new centre will focus on developing maps for its products, including iPhones and iPads, and create up ...

  Relaxnews Mark Zuckerberg posted Facebook’s first 360-degree video, filmed by the social network’s teams, in a bid to inspire the platform’s 1.5 billion users. Facebook is now hoping to welcome user-created videos and photos of this kind. The video posted by the Facebook CEO was filmed in New York’s Grand Central Terminal. The social network’s first 360 video plunged ...

  LOWELL, Mass / AP Four sister robots built by NASA could be pioneers in the colonisation of Mars, part of an advance construction team that sets up a habitat for more fragile human explorers. But first they’re finding new homes on Earth and engineers to hone their skills. The space agency has kept one Valkyrie robot at its birthplace, ...