France
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Yahoo is buying Tumblr for $1.1 billion, and wealthy households in France paid more than 100 percent of their income in taxes in 2012. CNBC's Robert Frank and John Carney discuss.
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*France pushing to exclude audio-visual sector. BRUSSELS, May 16- European Union trade chief Karel de Gucht urged EU members on Thursday not to exclude film and television from EU-U.S. free trade talks, saying that could prompt similar action from the Americans and undermine an eventual deal.
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*Dollar curbs gains vs euro, yen after U.S. data. NEW YORK, May 16- The dollar dropped against the euro and Japanese yen on Thursday as a deluge of U.S. data highlighted vulnerabilities in the U.S. economy, curbing expectations that the Federal Reserve will scale back its bond buying program any time soon.
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MIAMI-- Royal Caribbean said Thursday that Brian Rice will transition his chief financial officer duties to Jason Liberty as Rice prepares for retirement in 2014.. Royal Caribbean also said that Henry Pujol, currently vice president and corporate controller, has been named senior vice president and controller.
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Nader Mousavizadah, co-founder of Macro Advisory Partners, tells CNBC that France is up against some deep structural challenges.
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*Cyprus gas could provide 40 pct of new EU needs. BRUSSELS/ NICOSIA, May 16- Cyprus could use its reserves of gas to meet up to 40 percent of Europe's additional gas needs over the next decade, helping to curb the European Union's reliance on Russia, the head of the island's national gas firm said.
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*Dollar curbs gains vs euro, yen after U.S. data. NEW YORK, May 16- The dollar edged lower against the euro and pared gains versus the Japanese yen on Thursday as U.S. data releases highlighted vulnerabilities in the U.S. economy, curbing expectations that the Federal Reserve will scale back its asset-buying program.
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CANNES, France-- The Cannes Film Festival got off to a blockbuster, if stormy start, as Baz Luhrmann's "The Great Gatsby" opened on a soggy French Riviera. Amid heavy rain, dancing flappers flocked down the Cannes red carpet Wednesday night, bringing a touch of the Jazz Age to the Croisette. "
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*Sees weaker demand in China, rebound in Japan and U.S. PARIS/ MILAN May 16- Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain& Co said in a study on Thursday.
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NEW YORK-- A deadly new respiratory virus related to SARS has apparently spread from patients to health care workers in eastern Saudi Arabia, health officials said Wednesday. The Ministry of Health in Saudi Arabia told world health officials that two health care workers became ill this month after being exposed to patients with the virus.
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France's fall back into recession is likely to pile more pressure on the country's finance ministry, at a time when infighting has already led one senior politician to fuel rumors that Finance Minister Pierre Moscovici could be replaced.
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LONDON, May 16- On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". Peter Voser is giving up one of the world's most challenging CEO roles at Royal Dutch/Shell next year, before his 55th birthday, in pursuit of a "lifestyle change".
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MOSCOW, May 16- The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk in what several bankers said may have been a set up.
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LONDON, May 16- Copper fell on Thursday as the dollar strengthened and on concern about lacklustre demand for the metal in top consumer China that was compounded by evidence the European and United States economies are still struggling. Copper is seen as an economic bellwether because it is used extensively in construction and power cables.
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LONDON, May 16- A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.
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LONDON, May 16- Brent oil futures slipped towards $103 a barrel on Thursday after a sharper-than-expected drop in U.S. factory output muddied the outlook for demand and a stronger dollar added downward pressure. Brent fell 62 cents to $103.06 a barrel by 0857 GMT, after rising on Wednesday by $1.08, the most in dollar terms since May 6.
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BRUSSELS, May 16- Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's downturn.
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*Shanghai equities rally sparks short-covering in copper. SINGAPORE, May 16- London copper edged up on Thursday, after plumbing an almost two-week low in the previous session, but gains may be short-lived as Europe's shrinking economy and a drop in U.S. factory output underline a dimming outlook for demand.
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LONDON, May 16- On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". Peter Voser is giving up one of the world's most challenging CEO roles at Royal Dutch/Shell next year, before his 55th birthday, in pursuit of a "lifestyle change".
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*Dollar recovers after soft U.S. manufacturing-driven fall. TOKYO, May 16- The dollar held close to a 4-1/ 2 year high against the yen on Thursday, with buying from Japanese importers helping it to recoup some of the losses suffered after disappointing U.S. industrial data, while the euro wobbled near a six-week low.
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Christian Schulz, Senior Economist at Berenberg Bank thinks recession in the Euro Zone could end in Q3 2013. He says there is more appetite for risk and yield in the markets.