Crisis-hit Greece is still losing billions of euros (dollars) to corruption in spite of efforts to stamp out graft and maximize the state's tax revenue, a report said on Wednesday.
The Ta Nea newspaper said that tax evasion cost Greece 13 billion euros ($17.4 billion) annually in lost revenue, citing remarks by experts and state officials at a conference on corruption on Tuesday.
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OPEC agreed on Wednesday to an oil output ceiling of 30 million barrels per day, close to its current level, with members cutting output to allow for higher supplies from Libya, Venezuelan Oil Minister Rafael Ramirez said.
"We are going to reduce the level of production of each country to open a space for Libya production," Ramirez told reporters at the end of OPEC's ministerial meeting, which he described as a "good" gathering.
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Spanish police broke up one of the biggest forging scams in Europe, seizing 1.5 million euros ($2 million) in fake bank notes and arresting dozens of suspects, officials said on Tuesday.
"It is one of the biggest acts of forgery in Europe in terms of the quality and the amount of money printed," a statement from the national police said.
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Toyota announced on Tuesday plans for a joint venture with a Canadian junior mining company to speed up the development of a rare earth elements mine in Quebec to supply Toyota hybrid and electric vehicles.
The Japanese auto maker said it has signed a non-binding memorandum of understanding with Montreal-based Matamec Explorations Inc. to collaborate to "fast track the development" of Matamec's Kipawa heavy rare earths deposit.
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The U.S. administration said Tuesday it was ending routine production of one-dollar coins in the face of consumer resistance despite a decades-old campaign to replace the paper bill with more durable metal.
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Iran's parliament on Tuesday passed a bill for a free trade agreement with Syria in a show of support for President Bashar al-Assad's regime beset by protests and international pressure.
The bill provides for free trade between Iran and Syria within the next five years, according to Iranian state television.
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Greece raised 1.625 billion euros ($2.14 billion) for six months at an increased interest rate of 4.95 percent on Tuesday, the Greek debt management agency said.
At the last such auction on November 8, Greece had paid a rate of 4.89 percent.
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Do you take your champagne brut or rose? Around the world the French sparkling wine is still the ultimate festive drink, but these days it often comes in shades of golden pink to pomegranate.
First seen as a quirky variation on classic white bubbly -- even dismissed as a "woman's drink" -- rose champagne has grown into far more than a fad, with a market share that has been rising steadily for 10 years.
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Eurozone banks deposited the biggest amount of overnight funds at the ECB for more than a year on Monday, official data showed on Tuesday in a signal of banks' wariness of lending to each other.
Banks put 346.36 billion euros ($446 billion) on deposit for 24 hours at the European Central Bank, the highest amount since June 2010.
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Kuwait’s oil Minister Mohammad al-Baseeri said on Tuesday that OPEC will likely keep its official production quotas unchanged, while Iran’s oil minister Rostam Qasemi said that they would reach consensus over its latest output decision, in contrast to its last meeting which was hit by deep division among cartel members.
Qasemi had told reporters on arrival in Vienna, where the 12-nation Organization of Petroleum Exporting Countries holds its production meeting on Wednesday, "Whatever the decision will be, it will be made all together."
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