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Sunday 23.09.2018 | Name days: Vanda, Veneranda, Venija

European shares drop amid eurozone debt concern

European shares shrank on Monday, May 9, amid fear over the indebted eurozone, while top the leading eurozone finance officials discussed amending Greece's aid programme.

Coca-Cola marks 125 anniversary

Exactly 125 years have turned since attempting to create a remedy for headaches and fatigue an Atlanta pharmacist discovered a drink recipe that has emerged as one of the world's most popular drinks and brands – Coca-Cola.

Greece denies rumours on leaving eurozone

The Greek government and the eurozone administration’s representatives have denied rumours on Athens abandoning the single European currency and pulling out from the eurozone.

Brent crude sticks above 121 dollars

Brent crude prices have kept above 121 US dollars per barrel due to the rapid US crude stock gains and the negative consumption data, which were offset by weakening the dollar.

Saab obtains loan to restart production

Car maker Saab is planning to restart production in a week’s time, according to its owner – Dutch car manufacturer Spyker, who says Saab has obtained a 30 million euro loan.

EU investigates world’s leading banks

The European Commission is investigating the leading world’s banks over credit default swaps. Some of the banks include Barclays, Goldman Sachs, Deutsche Bank and Citigroup.

Oil prices down 1% after news on bin Laden’s death

Along with the news on Al-Qaeda leader Osama bin Laden's death, the oil price dropped by one percent on May 2.

Osama Bin Laden killed by US forces

US forces in Pakistan have killed Al-Qaeda leader Osama Bin Laden, USA President Barack Obama has announced, adding that they have the body of the leader in US «most wanted» list.

Latvia reports largest unemployment drop in EU

Latvia posted the largest unemployment rate fall in the European Union, compared to 2009 and 2010 indicators, when the unemployment fell from 20.1% to 17.3%, according to Eurostat data.

Oil price drops over fears of decreasing demand

On Friday, April 29, the oil price fell after a 31-month high. This is tied to concerns over the impact of slow price climb on the demand drop.

Expert: it's the right time to open labour market

Karl Aiginger, the head of economic research institute WIFO, considers May 1 is a good time for opening the Austrian labour market to the EU member states in the Eastern Europe.

Standard & Poor’s cuts Japan outlook

Standard and Poor's has downgraded Japan outlook from stable to negative amid the severe natural disaster's impact on the country's budget, with Japan's long-term sovereign credit rating is AA-.

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