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Mafia is Italy’s biggest business

Wednesday, 11 January 2012 17:11
Rome, Jan 11: The mafia in Italy — that made around 140 billion euro (around $178 billion) in 2010 through money lending, extortion and robbery — generated far greater money than Eni, the country’s oil giant, according to a new…

11 killed in New Zealand ballooning accident

Sunday, 08 January 2012 00:03
Wellington, Jan 7: Eleven people were killed in New Zealand when the hot air balloon they were enjoying a ride in went up in flames early Saturday, Xinhua reported. According to New Zealand police, the accident was reported at 7.25…

Student hangs his own painting in museum

Thursday, 05 January 2012 22:08
Warsaw, Poland, Jan 5: A student artist found the perfect way to hang his painting at a famous Polish museum saying he did not want to wait for ages to have that privilege. Andrzej Sobiepan is an art student at…

170 Irish firms collapsed every month in 2011

Wednesday, 04 January 2012 12:06
Dublin, Jan 4: Ireland witnessed closure of nearly 170 companies each month in 2011 owing nearly 1.2 billion euros ($1.6 billion) in unpaid debt, according to latest statistics released Tuesday. As per a survey by business intelligence analyst Vision-Net, a…

Italian MPs are top earners in Europe

Wednesday, 04 January 2012 11:33
Rome, Jan 4: Italian MPs earn an average salary of 16,000 euros (around $20,900 or Rs.11,12,000), making them the top earners among lawmakers in the European Union (EU), according to a government report. A government-sponsored commission was asked to survey…

Something fishy happening on Norway beach

Wednesday, 04 January 2012 11:25
London, Jan 4: Experts in Norway have been left baffled since finding thousands of fish, weighing about 20 tonnes, lying on a beach. Experts were stunned after so many dead herring, an oily fish, washed up on Norway’s western coast,…

Thieves who ripped off Santa return toys

Friday, 30 December 2011 17:01
Rome, Dec 30: Thieves who ripped off Santa Claus have returned the bag of toys with a note saying “sorry”. Businessman Giorgio Abbruzese dressed as Santa Dec 24 was giving out toys to children in Rome’s historical Piazza Navona when…

Former Czech President Vaclav Havel dead at 75

Sunday, 18 December 2011 21:30
PRAGUE: Former Czech President Vaclav Havel, the playwright dissident who led his country out of communism, died in the northern Czech Republic on Sunday morning. He was 75. The statesman died in his sleep at around 10.15 a.m. local time…

Spanish tenor collects $8.3 mn for fight against cancer

Sunday, 18 December 2011 12:05
Berlin, Dec 18: Spanish tenor Jose Carreras collected 6.4 million euros ($8.3 million) in a televised gala held in Germany for the foundation that is dedicated to the fight against the bone-marrow cancer known as leukemia, event organizers said. Viewers…

Cash-strapped Italy to free thousands of prisoners

Thursday, 15 December 2011 09:43
Rome: Thousands of prisoners will be released from prisons across Italy to ease overcrowding and save the cash-strapped country millions of euros. However, the released prisoners will have to serve the rest of their term under house arrest. Italy’s new…