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  • LONDON, July 27- Mainland Chinese shares tumbled more than 8 percent on Monday for their biggest one-day loss since February 2007, rekindling fears of a market crash and sending broader emerging market assets sharply lower. MSCI's emerging market index fell 1.8 percent- its fourth straight session in the red- with markets across Asia stumbling on concerns over...

  • MOSCOW, July 24- Russian gas company Gazprom said on Friday it had lodged a case against Turkmenistan's Turkmengaz at the international arbitration court in Stockholm over the price in a supply contract. The move came two weeks after Turkmenistan accused Gazprom of not paying for gas supplied from the Central Asian country this year. Gazprom, the world's top...

  • UPDATE 2-Visa in talks to reunite with Visa Europe Thursday, 23 Jul 2015 | 6:40 PM ET

    July 23- Credit and debit card issuer Visa Inc said it was in talks to reunite with former subsidiary Visa Europe Ltd in a deal that would give the global company more scale to compete with arch-rival MasterCard Inc.. Visa Inc and Visa Europe, a cooperative of European banks with over 500 million cards, were part of a global bank-owned network until 2007. Most of the...

  • CHISINAU, Moldova— The main party in Moldova's pro-European ruling coalition has named an ex- World Bank economist as the candidate for prime minister. Maia Sandu worked for the World Bank in Chisinau and then Washington before becoming education minister in 2012. She has been praised for reforming the education system by reducing the number of schools,...

  • BERLIN, July 23- German exports to Russia slumped by 34 percent in the first five months of the year to 4.4 billion euros due to Western sanctions imposed on Moscow over the Ukraine crisis, a lobby group representing German industry in eastern Europe said on Thursday. If this trend continues, exports to Russia could fall by around a third to about 20 billion euros...

  • WARSAW, Poland— Hundreds of Poland's police, firefighters and other uniformed workers have picketed the main government building to demand higher pay and modernization of their sectors. The protesters gathered in front of Prime Minister Ewa Kopacz's office, waving trade union flags and blowing trumpets. The Interior Ministry, which oversees most of these...

  • Former Czech politician gets prison term for corruption Thursday, 23 Jul 2015 | 8:38 AM ET

    PRAGUE— A Prague court has convicted a former prominent member of the ruling Social Democrats of corruption and sentenced him to eight and a half years in prison in a high profile trial. Judge Robert Pacovsky of the Central Bohemia's regional court said Thursday that David Rath had accepted bribes and was responsible for manipulating public contract bids...

  • PARIS/ BERLIN, July 22- Greece's new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters. "Francois Hollande is very good at telling others how to do their reforms," opposition French conservative Xavier Bertrand said in a dig at France's...

  • European watchdog: Hungary should tighten anti-graft laws Wednesday, 22 Jul 2015 | 8:16 AM ET

    BUDAPEST, Hungary— Experts from the Council of Europe say Hungary should strengthen its anti-corruption laws, including regulating contacts between lawmakers and lobbyists and limiting the immunity of public officials. Wednesday's report by the council's Group of States against Corruption makes 18 recommendations, also calling for ethics training for...

  • Drone seized in Poland after near-collision with plane Wednesday, 22 Jul 2015 | 6:53 AM ET

    WARSAW, Poland— Polish authorities confiscated a drone and questioned a man after a Lufthansa passenger plane approaching Warsaw's international airport nearly collided with a flying object, police said Wednesday. Interfering with air traffic in Poland carries a prison term of up to five years, while posing a threat to air traffic carries up to eight years in...

  • 2 die as high speed train hits truck in Czech Republic Wednesday, 22 Jul 2015 | 3:37 AM ET

    PRAGUE— A high-speed train collided with a truck Wednesday in the eastern Czech Republic, leaving two passengers dead and 13 injured, officials said. The crash occurred at a rail crossing in the eastern town of Studenka at 7:43 a.m. as the train was traveling from Bohumin to the western spa of Frantiskovy Lazne, said Martin Drapal, a spokesman for the rail...

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • July 21- U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer's massive data breach at JPMorgan Chase& Co, according to news reports. The hacking of JPMorgan's computers compromised information in 83 million household and small business accounts, making it one of the...

  • NEW YORK— Two men were arrested Tuesday in Israel and a third was being sought after a New York indictment accused them of trying to cheat millions of people in a stock spam scam. Attorney Preet Bharara announced the arrests by the Israel police of a man from Savyon, Israel, and another from Bat Hefer, Israel. A third defendant, a U.S. citizen who lives in Moscow and Tel...

  • NITRA, Slovakia, July 21- Bozena Vargova, a retired physiotherapist from Slovakia, cannot understand why her country should bail out Greeks who often earn twice as much as Slovaks and run up debts. In the bitter wrangling over whether the euro zone should bail out Greece, some people sympathetic to Athens framed the debate as a stand-off between Europe's rich and...

  • Lufthansa plane nearly collides with drone near Warsaw Tuesday, 21 Jul 2015 | 6:22 AM ET

    WARSAW, Poland— A Lufthansa plane approaching Warsaw's international airport nearly collided with what appeared to be a drone, the first such incident involving the German airline, officials said Tuesday. The near-collision occurred Monday afternoon when a drone passed within 100 meters of the plane arriving from Munich, according to Przemyslaw...

  • BUDAPEST, Hungary— The head of the country's tax office, who has been banned from entering the United States due to corruption allegations, has resigned, Hungary's economy ministry said Monday. The ministry said Ildiko Vida's gave notice two months ago and that her term of office ended Monday. Under pressure from Prime Minister Viktor Orban, Vida sued a U.S....

  • *Russian billionaire Yuri Milner funding 10- year project. SAN FRANCISCO/ LONDON, July 20- Scientists are about to embark on the biggest search yet for alien life, sweeping the skies for signals of civilisations beyond our solar system with $100 million from a Russian billionaire and the backing of physicist Stephen Hawking. It's time to commit to finding the...

  • Add to the list Russian billionaire Yuri Milner, who announced on Monday that he plans to spend $100 million to explore the idea. "It's the most interesting technological question of our day," Milner said in an interview, noting that he became fascinated by the notion of extra-terrestrial life after reading astrophysicist Carl Sagan's "Intelligent Life in the...

  • SPECIAL REPORT-The man who cost Greece billions Monday, 20 Jul 2015 | 5:29 AM ET

    ATHENS, July 20- Once again Alexis Tsipras was struggling to make a decision. For hours on July 13, the Greek prime minister and Europe's leaders had been trying to thrash out a new deal to bail out bankrupt Greece and keep the country in the euro zone. Now a clean copy of the latest text had been printed, and German Chancellor Angela Merkel, French President Francois...