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  • MOSCOW— A top official at Russia's busiest airport says the halt or reduction of flights to Turkey, Ukraine and Egypt over the past three months has cost the country's airports six billion rubles. Denis Nuzhdin, the deputy CEO of Moscow's Domodedovo Airport, was quoted by state news agency Tass as saying Tuesday that about half the loss comes from Russia's...

  • THE HAGUE, Feb 9- Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos. Most of Yukos' assets were acquired by Russia's state-owned oil producer Rosneft after Yukos was declared bankrupt and its founder Mikhail...

  • LONDON, Feb 9- Emerging market stocks and oil-linked currencies fell on Tuesday, though for once the decline seemed to be the consequence rather than the cause of a sharp sell-off in the world's most developed markets. Stocks in Warsaw, which have bounced only half the 12 percent the rest of eastern Europe has gained since mid-January due to concerns over its new...

  • CALAFAT, Romania, Feb 9- O utside a clothing factory in Calafat in southern Romanian early one morning, hundreds of workers crowd around makeshift stalls to stock up on snacks and drinks for their shift. But even inside the European Union- in Romania and Bulgaria particularly- workers can endure poverty-level wages, long hours and arduous conditions to make...

  • Belarusian leader says Russia will offer bailout Monday, 8 Feb 2016 | 11:03 AM ET

    MINSK, Belarus— The leader of Belarus says Russia has promised to offer financial assistance to his nation. Russia has provided Belarus with cheap natural gas and released $900 million in loans to Belarus last year. Russia and its western neighbor have developed close economic and military ties, but Lukashenko has bristled at Moscow's attempts to gobble up...

  • PRAGUE— After the attacks in Paris and New Year's security scares, Germans have been snapping up self-defense equipment like stun guns— to the delight of a Czech manufacturer who corners the market. Prague- based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand. Ingo Meinhard, the head of the German...

  • PRAGUE— Hundreds of Czech taxi drivers are blocking a major road in downtown Prague to demand higher pay and protest alternative services such as Uber. The protest began early Monday with drivers blocking two of the three lines in both directions on a key road near Prague's Central Station, causing significant traffic delays. Prague Mayor Adriana Krnacova...

  • Russia's central bank revokes licenses of 2 banks Monday, 8 Feb 2016 | 2:41 AM ET

    MOSCOW— Russia's Central Bank effectively closed down two of the country's smaller banks Monday after it revoked their operating licenses, its latest effort to consolidate the sprawling banking sector. The closures are part of the Central Bank's strategy to consolidate the banking sector that is currently characterized by a large number of small banks,...

  • NEW YORK— It make take weeks to determine why a huge construction crane that was being lowered during strong winds came crashing down onto a street, killing a pedestrian and crushing a row of parked cars, city officials said Saturday. Investigators are reviewing surveillance footage from nearby buildings and poring over the twisted, crumpled steel of the 565-...

  • WASHINGTON, Feb 5- Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter. Experts familiar with the situation said the case represents Russia's biggest...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • KIEV, Ukraine— The Ukrainian economy minister whose resignation plunged the country into yet another political crisis said on Friday he hopes it will help create momentum for economic reforms. In an interview with The Associated Press, Abromavicius said that he is glad his resignation has served as a "cold shower" for the political establishment and expressed...

  • LONDON, Feb 5- Ukraine's restructured Eurobonds extended losses on Friday as fears grew over the fate of the ruling coalition and its IMF bailout, though a reduction in U.S. rate rise bets continued to support other emerging assets. MSCI's emerging equity index rose 0.4 percent after shares in Hong Kong and Mumbai rose around half a percent.

  • AMSTERDAM— NATO's chief met Friday with European Union defense ministers to discuss boosting cooperation between the military alliance and the 28- nation bloc to tackle looming threats to the region. The EU and NATO are working to beef up their responses to threats such as Russia's increased military activity to the east and the Islamic State group's threat...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • Whatever lifts off from North Korea's western coast space center this month, one thing is certain— since rockets and missiles inevitably have overlapping technologies, it will run afoul of U.N. resolutions that have been in place for years to bar North Korea from testing any technology that could be used to develop long-range ballistic missiles.

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • The couple took out a U.S. dollar mortgage in 2007 after moving to Moscow from the southern Russian republic of Dagestan and blames the government for not helping as the rouble has fallen to record lows. "My son is a champion of Moscow at martial arts and we've had to stop his training sessions," Kirill told Reuters at a recent protest by foreign-currency mortgage...

  • NEW YORK, Feb 4- Colm Kelleher is a stickler for discipline, even when it comes to the office dress code. Kelleher's role as enforcer-in-chief at Morgan Stanley was solidified last month when the Wall Street firm's Chief Executive James Gorman named him president, the No. 2 spot. Ahead of his promotion he culled one-in-four jobs on its bond trading desk and he is...