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Germany denies Greek accusations over Nazi occupation

BERLIN Feb 24, 2010 Greece on Wednesday accused Germany of not compensating it for Nazi occupation during World War II.

The Greek Deputy Prime Minister told BBC World Service radio, "They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back."

International Group to reveal money laundering, terror funding blacklist

    ABU DHABI Feb 18, 2010 The Financial Action Task Force (FATF) is an  international body fighting money laundering and provision of funds to terrorists.  It is made up of governments and regional organisations. 

Cambodia to launch casino complex

PHNOM PENH Feb 17, 2010  Kith Thieng, a Cambodian tycoon will open a $100 million casino in Bavet on Feb. 26. He said Bavet was fast becoming a regional centre for entertainment "much like Las Vegas and Macau".

He wants to attract foreign tourists and develop the country’s fast-growing entertainment industry. He said the casino the Titan King Casino will employ 6,000 people.

US would neither write off Cambodia's $317 million debt nor count it as aid

PHNOM PENH  Feb 10, 2010  The United States  has told  Cambodia that it can not write off the $317 million  debt due to it, which date back to the 1970s.  However, it  has instead agreed to  allow more time to repay, U.S. Deputy Assistant Secretary of State Scot Marciel said today.

    The U.S  will also not convert the debt into development aid but would work out a plan for Cambodia to pay back the loans,  Marciel said.

Hamas could be facing cash crunch; unable to pay January salaries

GAZA  Feb 8, 2010 Hamas has failed to pay the January salaries of many of the 34,000 Palestinian civil servants and security men in the Gaza Strip.

North Koreans starving after currency revaluation

SEOUL Feb 03, 2010 North Koreans are starving to death and unrest is growing in the country.  This is due to a currency revaluation last year that crippled the economy.

Landmark US ruling allows corporations to spend freely on political parties

WASHINGTON Jan 22, 2010 The U.S. Supreme Court ruled on Thursday that Corporations can spend freely to support or oppose candidates running for president and Congress.

The ruling is expected to unleash a flood of money in this year’s congressional election and the 2012 presidential contest. It has been strongly criticized by President Barack Obama as giving special interests more power.

"Google Tax" - France to look at taxing online advertising incomes of major search engines

PARIS  Jan 8, 2010  French President Nicolas Sarkozy said on Thursday that he wanted  to  look at  taxing online advertising  incomes of major search engines  in France as well as their home countries.

Bernard Madoff returns to prison cell from hospital

NEW YORK Dec 31, 2009 Disgraced financier Bernard Madoff has returned to his prison cell after being  taken to hospital earlier this month.                                       

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