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World's largest crocodile has been caught in Philippines

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...h articles:philippines typhoon 2013 20 Largest U S Cities 2013 gun show philippines 2013 tallest man in the world 2013 largest us cities 2013 tallest woman in the world 2013 gun show 2013 philippines miss universe 2013 predictions world leaders 2013 list largest US cities youngest looking old person in the world big boops in the world world leaders 2013 current world leaders 2013 largest bank in e...

Medusa, the world’s largest snake weighs more than 300 lbs (135 kg), is 25ft (7.5 meters) long and it takes 15 people to hold her

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...versace necklace medusa guinness book girls half human half snake Ratlle snake from mid way texas is there big snakes at the intake of a power plant lake boy kills rattle snake rattlesnake killed in midland nc python medusa biggest snake in saad biggest snake in egypt that kill over 400 people the largest snake in zimbabwe huge dead snake fort myers chile snakes large rattlesnakes killed in 2013 h...

Eurozone unemployment rate hit a new record high in October

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...uch as Spain and Italy – where governments have had to push through hefty spending cuts to get their borrowing under control, and crisis-struck banks have been cutting back their lending – have been in recession for over a year. But the economies of Germany and France have also begun to weaken. Growth in the eurozone’s two biggest economies came in at a disappointing 0.2%. And mo...

The Markit Flash Eurozone PMI Composite Output Index, which measures new orders in manufacturing and services, was 46.6 in August, compared with 46.5 in July

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...%, down from 0.5% in the first quarter, could fall further if Markit’s surveys prove accurate. In France, decline in output slowed, with the composite PMI output index rising to a six-month high of 48.9. However, some analysts saw glimmers of hope in the Markit figures. Marie Diron, senior economic adviser to the Ernst & Young Eurozone Forecast body, said the data showed “signs of...

European finance ministers have reached a deal on rules for supervising eurozone banks, ahead of a new EU summit

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...on – known as a Single Supervisory Mechanism (SSM) – which EU leaders believe can be put in place without having to change EU treaties. But there have been some legal doubts about the subsequent stages – a joint deposit guarantee scheme and a joint resolution mechanism for winding up broken banks. The UK, which is not in the eurozone, will not be joining the banking union but has...

Greece has been unable to form a government, and new elections seem set to give power to parties that reject the spending cuts that have been agreed with other eurozone governments and the International Monetary Fund

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...in rescue loans to the banks. Some governments may not have enough money to prop up their banks with the extra capital needed to absorb losses and restore confidence; the banks could then go bankrupt. Greece has been unable to form a government, and new elections seem set to give power to parties that reject the spending cuts that have been agreed with other eurozone governments and the Internati...

Eurozone unemployment rate has reached another record high in April 2013

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...gio Napolitano. In the 12 months to April, 1.6 million people lost their jobs in the eurozone. While the jobless figure in the eurozone climbed for the 24th consecutive month, the unemployment rate for the full 27-member European Union remained at 11%. The eurozone is in its longest recession since it was created in 1999. At 1.4%, inflation is far below the 2% target set by the European Central Ba...

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European Union leaders have agreed on a roadmap for eurozone integration beyond the deal on centralized banking supervision, German Chancellor Angela Merkel said. Specific dates have not yet been agreed for the phases of integration. But the EU summit chairman, Herman Van Rompuy, said a deal should be reached next year on a joint resolution scheme for winding up failed banks. Herman Van Rompuy...

German government has criticized leading conservative politician Alexander Dobrindt for suggesting that Greece will have to leave the eurozone

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...n Social Union leader Alexander Dobrindt, an ally of Angela Merkel, said he expected Greece to leave the eurozone in 2013. He said he saw “no way round” a Greek exit. He also called the European Central Bank (ECB) chief Mario Draghi “Europe’s currency forger”. His party, a junior coalition partner of Angela Merkel’s Christian Democrats (CDU), is preparing for an...

Eurozone unemployment rate hit a new all-time high of 11.8 percent in November 2012

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...er side of austerity or structural reform.” “There is a very worrying picture painted by these numbers, and governments do need to wonder if they need more pro-growth strategies in the next few years,” she said. The record low for the eurozone unemployment rate was 7.2%, which was recorded in February 2008, before the financial crisis that first gripped the banking sector spread...

A new survey suggests that business activity in the eurozone contracted at its fastest pace in almost three-and-a-half years in October

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...o 46.2 from 46.1 in September, but in manufacturing the rate accelerated, to 45.3 from 46.1. Despite the easing in services, optimism in the sector deteriorated, suggesting employment would be cut further, Markit said. Europe’s industrial powerhouse, Germany, saw output contract faster, with car exports particularly weak. France, the eurozone’s second largest economy, saw a “stee...

Giant weta, genus Deinacrida of the family Anostostomatidae, is the world's biggest insect in terms of weight

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...carrot out of his hand. Mark Moffett, 53, from Colorado, found that giant weta, genus Deinacrida of the family Anostostomatidae, is the world’s biggest insect in terms of weight. The insect weighs 71g and is heavier than a sparrow and three times that of a mouse. The former park ranger discovered the giant weta up a tree and his real life Bug’s Bunny has now been declared the largest...

ECB has decided to cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone's economy

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The European Central Bank (ECB) has decided to cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone’s economy. The widely-expected cut to 0.50% from 0.75% is the first in 10 months. Worries about eurozone economies were underlined on Thursday with data showing manufacturing activity across the 17-nation bloc shrank in April. In Germany, the eurozone...

EU leaders at Brussels summit have agreed to use the eurozone's bailout fund to support struggling banks directly, without adding to government debt

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EU leaders at Brussels summit have agreed to use the eurozone’s bailout fund to support struggling banks directly, without adding to government debt. Speaking after 13 hours of talks in Brussels’, EU chief Herman van Rompuy also said a eurozone-wide supervisory body for banks would be created. Officials said the plans could be finalized during July. Analysts say Germany appears to hav...

The OECD has revised its growth forecasts for the eurozone and called on the European Central Bank to consider doing more to boost growth

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...% in 2014. It painted a troubled picture of the eurozone economy. The forecast of a 0.6% contraction in GDP is down markedly from the 0.1% contraction forecast just six months ago. It said eurozone unemployment would continue to rise from its current rate of 12%, stabilizing in 2014. The OECD has revised its growth forecasts for the eurozone and called on the European Central Bank to consider doi...

The polls have opened this morning in Greece for crucial elections which could determine the country's future in the eurozone

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The polls have opened this morning in Greece for crucial elections which could determine the country’s future in the eurozone. The main contenders, the right-wing New Democracy and left-wing Syriza, are at odds over whether broadly to stick with the tough EU bailout deal, or reject it and boost social spending. Opinion polls are banned for two weeks before voting but unofficial polls say th...

Italian and Spanish 10-year bond yields have been rising ahead of a summit of eurozone finance ministers on Monday

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...urozone finance ministers on Monday. The yield on Spanish 10-year bonds, which are taken as a strong indicator of the interest rate the government would have to pay to borrow money, rose above 7%, while Italian bond yields rose to 6.1%. Yields above 7% are considered to be unsustainable in the long term. Details of the bailout of Spain’s banks are expected from eurozone ministers. Their meet...

European Council President Herman Van Rompuy has announced that EU leaders want Greece to remain in the eurozone but to "respect its commitments"

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European Council President Herman Van Rompuy has announced that EU leaders want Greece to remain in the eurozone but to “respect its commitments”. Herman Van Rompuy, speaking at an informal EU summit, said continuing “vital reforms” were essential for Greece to overcome its economic problems. The eurozone crisis has overshadowed the talks, amid fears that Greece may have t...

Eurozone has emerged from recession after a record 18 months of economic contraction

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Eurozone has emerged from recession after a record 18 months of economic contraction. According to the Eurostat agency, eurozone’s GDP grew by 0.3% in the second quarter of 2013, slightly ahead of forecasts. The growth was widely expected after the German economy rose 0.7% between April and June. However, the overall figure masks the mixed economic fortunes among the countries that make up the 17...

Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks

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Eurozone finance ministers are to hold a conference call to discuss a bailout for Spanish banks. EU sources say Madrid could formally request financial assistance for its troubled banks this weekend. So far Spain has denied reports that an announcement on a European rescue plan for its banks is close. The International Monetary Fund (IMF) is estimating that Spain’s banks need a cash injecti...

The world's largest book “This is Muhammad” has been put on public display in Dubai at IBN Battuta Mall

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The world’s largest book has been put on public display in the United Arab Emirates (UAE)’s Dubai at IBN Battuta Mall. The book, named “This is Muhammad”, entered the Guinness World Records as the world’s largest book on February 27. It took professional workers 16 months to finish the 5-meter-long, 4.03-meter-wide and 1.5-ton book, which is estimated to be worth 2.9...

Cyprus has told the European authorities that it intends to apply for financial assistance

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Cyprus has told the European authorities that it intends to apply for financial assistance. Cyprus is the fifth eurozone member to do so. It said it needs help to shore up its banks, which are heavily exposed to the Greek economy. The announcement came on another day of nervousness about the single currency. Shares in Italy, Spain and Greece fell sharply amid concerns that an EU summit this week...

The European Central Bank reduces its key interest rate from 1 percent to 0.75 percent, a record low for the eurozone

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The European Central Bank (ECB) has announced it reduces its key interest rate from 1% to 0.75%, a record low for the eurozone. The move comes as the eurozone economy continues to be weak. The ECB also cut its deposit rate, from 0.25% to zero. A cut in the ECB’s deposit rate is designed to stimulate lending between banks, as funds placed with commercial banks overnight are currently receivi...

G8 leaders of the world's most powerful economies say they want debt-stricken Greece to remain in the eurozone

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G8 leaders of the world’s most powerful economies say they want debt-stricken Greece to remain in the eurozone. In their summit communique, G8 leaders also committed themselves to promoting growth alongside fiscal responsibility. However, the leaders acknowledged “the right measures are not the same for each of us”. Greece’s possible exit from the eurozone was high on the...

The European Commission joined other major international organizations in admitting that the eurozone economy would contract in 2013

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...stimates, after the global economic recovery showed signs of faltering in the final quarter of 2012. For example, in January the International Monetary Fund (IMF) said it expected the eurozone to fall into “mild recession” in 2013, having previously predicted growth. It also predicted that the UK would grow 1% in 2013, compared with the 1.1% previously forecast. The World Bank also rev...