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Azerbaijan to Ban Alcohol Sale for Cash From 2016

Azerbaijan to Ban Alcohol Sale for Cash From 2016

Azerbaijani President Ilham Aliyev signed a decree on applying amendments to the Criminal Code and the Code of Administrative Offences, which stipulate a ban on the sale for cash of alcoholic drinks, as well as the wholesale of tobacco products. Under the amendments, the sale of excise goods for cash …

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Toshiba Leaves Russian Market

Toshiba Leaves Russian Market

Japanese company Toshiba closes its Russian division for television sets and kitchen appliances Toshiba CIS, Kommersant newspaper reported Monday. According to the newspaper, Toshiba will leave in Russia only its b2b-unit Toshiba Rus, which works with the Russian Mail, Sberbank and Power Machines. We have completely left the Russian consumer …

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U.S. Oil Rises, Reversing Course After Nearing 11-Year Lows

U.S. Oil Rises, Reversing Course After Nearing 11-Year Lows

U.S. crude rose nearly 2 percent Monday, recovering slightly after moving within a hair of 11-year lows, but analysts and traders said it is still too early to declare the market has reached its bottom. Both U.S. and global benchmark Brent crude have been tumbling downward since an OPEC meeting …

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Astana Could Build Ski Slope on Top of Apartment Block

Ski Slope Building

It’s not quite a cozy chalet ensconced in the Swiss Alps’ snow-peaked caps, but for residents of Kazakhstan’s capital Astana the Slalom House residential project — an eye-catching new winter sports facility — could bring the slopes to their front door. Despite suffering bitterly cold winters where temperatures regularly fall …

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Breaking News: Crude Oil Falls Below $35 Per Barrel

Opec OIl

Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply. Futures fell 1.8 percent to $34.99 a barrel in New York, the lowest since Feb. 19, 2009. …

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Russia’s Power Grip Over Baltics Ending With Billion-Euro Cables

Russia's Power Grip Over Baltics Ending With Billion-Euro Cables

A quarter of a century after breaking free from the Soviet Union, the Baltic states are finally getting rid of their electricity dependence too. One of two new cables costing 1.1 billion euros ($1.2 billion), connecting Lithuania to Poland, started on Wednesday, according to grid managers. Commercial flows on the …

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KFC to Open First Outlet in Tibet

KFC to Open First Outlet in Tibet

KFC is expected to open its first restaurant in Tibet next year, as part of a regional push that will see it expand in China and shake off food scares and marketing blunders that have severely dented sales in that country. A franchisee will open the KFC restaurant in the …

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Human Rights Day 2015

Human Rights Day is marked annually on 10 December to commemorate the day in 1948 when the United Nations adopted the Universal Declaration of Human Rights. A milestone document in the history of human rights, it sets out, for the first time, fundamental human rights to be universally protected. What …

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Brent Crude Falls; Oil Prices End at Nearly Seven-Year Lows

Brent crude dipped below $40 a barrel Tuesday in a selloff that has raised a worrisome possibility: that oil prices could be even lower next year than they have been in 2015. In a volatile trading session oil prices closed at nearly seven-year lows, extending losses that have rattled global …

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Angela Merkel Named Time’s First Female Person of the Year Since 1986

Angela Merkel)

Time magazine has named German chancellor Angela Merkel its Person of the Year, citing her resolve in leading Europe through this summer’s Greek debt crisis, and her encouragement of other countries to open their borders to migrants and refugees, the Guardian reported. Merkel is only the fourth woman to ever …

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