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Zaha Hadid, Architect Famed for Futuristic Curves, Dies Aged 65

Zaha Hadid, the world's most famous female architect who attracted plaudits for works of sweeping curves and controversy for huge cost overruns, died on Thursday at the age of 65, her company said.

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'Success Story' Cyprus Exits Bailout Program

Cyprus on Thursday concluded its multi-billion-euro bailout program with the European Union's rescue fund as it battles back from a financial crisis that ravaged its banking sector.

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Israel Reduces Power to Palestinian City over Debt

Israel's state-run electricity company on Thursday reduced the power supply to a Palestinian city in the occupied West Bank over a debt of $450 million, officials said.

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Turkey Economy Grows Robust 4 Percent in 2015 Despite Crises

Turkey's gross domestic product (GDP) grew 4.0 percent in 2015 from a year earlier, the statistics office said Thursday, beating expectations and helped by an unexpectedly robust fourth quarter.

The economy grew 5.7 percent in the last three months from the same period a year earlier, the office said in a statement, well above the market consensus. 

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Philippines Can Recover Big Chunk of Stolen Bangladesh Millions

Almost half of the $81 million that hackers stole from Bangladesh and funneled into Philippine casinos can still be recovered, a senior Filipino lawmaker investigating the audacious cyber heist said Thursday.

As much as $34 million remained in two casinos and a foreign exchange brokerage, senator Ralph Recto said, citing testimonies from a marathon hearing on Tuesday.

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Oil Prices Resume Fall in Asian Trade

Oil prices fell on Thursday as a smaller-than-expected increase in US stockpiles was overshadowed by ongoing worries about a global supply glut while analysts said a rises fueled by hopes over key output talks had mostly been priced in.

The US Department of Energy (DoE) on Wednesday reported another rise in US commercial crude stockpiles last week, by 2.3 million barrels.

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German Retail Sales Down in February

German retail sales, a closely watched measure of household confidence, declined in February, as consumer morale in Europe's top economy feels the heat from global economic risks, official data showed on Thursday.

Retailers' sales fell by 0.4 percent in February compared with January, the federal statistics office Destatis said in a statement.

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Argentina Passes Bill to End 15-Year Debt Battle

Argentina's Senate approved an agreement to pay billions of dollars to holdout creditors early Thursday, ending a 15-year battle over a catastrophic debt default that locked the country out of capital markets.

The vote clears the final legislative hurdle for the deal and paves the way for the government to pay off creditors that rejected Argentina's efforts to restructure its mountain of defaulted debt.

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Kuwait Signs $2.9 Billion Gas Facility Deal with Korean Firms

Kuwait on Wednesday inked a $2.93 billion contract with three South Korean firms for the construction of the largest Liquefied Natural Gas (LNG) import facility in the oil-rich country.

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'Helicopter Money' Not under Discussion at European Central Bank

The concept of "helicopter money" where the European Central Bank would print and hand out cash directly to eurozone citizens "is not currently part of the discussion" on the ECB's governing council, a top official said on Wednesday. 

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