GERMANY

Santa Drugs Girl at Berlin Christmas Market, May Be 'Schnapps Spiker'

Berlin Christmas Market
A man dressed as Santa Claus has poisoned a 15-year-old girl by slipping a date rape drug into a glass of schnapps, in what is only the latest in a string of poisonings targeting young women at the Alexanderplatz Christmas market in Berlin, Germany. Press have dubbed the poisoner the schnapps spiker, and a reward is being offered for his capture.
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Austerity should not be done too fast: IMF

The International Monetary Fund's chief economist cautioned on Wednesday against imposing tough austerity measures too quickly and instead favors a longer process as countries around the world grapple with high debt levels.
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Italian debt sale adds to pressure on euro

Stock markets and the euro fell on Wednesday, worried by record high borrowing costs for Italy and the Federal Reserve's decision to do nothing new to prop up growth despite warning Europe's debt crisis could hurt the U.S. economy.
The Bank of Italy building is seen downtown Milan

Italian yields ease after bond auction

Italian government bond yields eased on Wednesday after the country sold 3 billion euros of five-year debt in the first longer-term auction since the European Union took steps towards greater fiscal integration last week.
France's President Sarkozy sits next to German Chancellor Merkel and European Commission President Barroso at the EPP congress in Marseille

Global Military Balance Shifts as Economic Winter Hastens Europe’s Decline

A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.
Gold bullion coins known as Krugerrands are pictured in the mint where they are manufactured in Midrand outside Johannesburg

Gold Falls for 3rd Day, Price Drop Since Wed 6%

Gold prices fell for a third consecutive day Wednesday -- extending a weeklong plunge to more than 6 percent -- after the U.S. central bank warned that slowing global growth threatens the nation's weak recovery.
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Euro, Europe stocks fall on lack of Fed action

The euro hit an 11-month low against the dollar and stocks eased on Wednesday after the Federal Reserve warned Europe's sovereign debt crisis could hurt the U.S. economy but failed to signal fresh action to stimulate growth.
A man looks at a stock quotation board outside a brokerage in Tokyo

Stocks and Euro Fall After Fed Rejects New Stimulus

Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
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Merck CEO defends hefty research spending

The chief executive of Merck & Co on Tuesday defended his refusal to slash the drugmaker's $8 billion research budget and warned that global price constraints threaten the pharmaceutical industry's ability to innovate.
Gold Bars

Gold Prices Fall to Two-Month Low

Gold prices slipped Tuesday, its seventh consecutive daily decline, to a two-month low as the dollar posted big gains in light trading.
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Wall Street led higher by energy sector

Stocks rose on Tuesday as energy shares rallied on higher crude oil prices, but trading was volatile after German Chancellor Angela Merkel rejected any suggestion of raising the limit on Europe's bailout fund.
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EU telecom ministers aim to end bandwidth favoritism

EU ministers urged the European Commission and regulators to check on telecom operators who prioritize bandwidth for certain services, giving leverage to complaints about mobile firms around the world blocking Web-call services such as Skype.
Europe's Market

Europe's Markets Close Mixed Tuesday After Merkel Comments

European marketss ended mixed Tuesday in thin trade as firmer crude prices boosted energy stocks, although the market cut gains after sources said German Chancellor Angela Merkel was against a raising of the funding limit for Europe's future bailout fund.

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