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25 June 2010 10:27 AM | Tagged: luxury car division
European auto giant Volkswagen intends to name the top aide of one of its bosses as head of luxury sports car maker Porsche, which VW is in the process of taking over, press reports said Friday.The head of VW's supervisory board, Ferdinand Piech, has decided to make Matthias Mueller Porsche's chief executive in a move that would cement control over the maker of iconic 911 sports cars, the daily H

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25 June 2010 10:07 AM | Tagged: sovereign risks
The Bank of England warned on Friday the eurozone debt crisis posed a risk to Britain's financial system and urged its banks to build up their reserves.In its Financial Stability Report, the bank praised the 750-billion-euro EU-IMF stabilisation fund put together last month to prop up the euro after markets took fright at Greece's debt problems.But it warned of continuing market pressures which

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25 June 2010 10:07 AM | Tagged: french open champion
Serena Williams took a swipe at Wimbledon officials after the defending women's champion was asked to play her second round match against Russia's Anna Chakvetadze away from the show courts.Williams was forced to play on Court Two at the All England Club as tournament organisers decided to give women's third seed Caroline Wozniacki a Centre Court appearance.Three-time Wimbledon champion Serena di

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25 June 2010 7:07 AM | Tagged: climate change conference
The latest giant United Nations meeting on climate change failed to get closer to a binding international deal to limit carbon pollution, leaving a great many people extremely concerned.Scientists and society generally have come to see climate change as among the biggest challenges humanity has ever faced.And yet it is extremely complicated to find a responsible balance between economic and envir

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25 June 2010 5:57 AM | Tagged: independent film maker
Independent film maker and climate activist Franny Armstrong, whose most recent documentary is called The Age of Stupid, about climate change, is also at the head of a campaign she launched called '10:10', to get individuals and companies in the UK to cut their carbon emissions by ten percent this year.Euronews asks her about the recent (May 31-June 11) UN climate summit in Germany.Euronews: How

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25 June 2010 2:37 AM | Tagged: environmental protection area
Greek monks believe there is good in playing golf: In arid, eastern Crete, plans are in motion to develop golf courses and vast luxury tourist resorts, and this is right in a European Natura-2000 environmental protection area.Ecologists are firmly opposed, yet the Greek-orthodox church is in favour.The Church owns the land.All that is in Europeans.Copyright © 2010 euronews

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25 June 2010 12:17 AM | Tagged: petroleum refineries
In the past few years, petrol price increases have so angered consumers, such as truckers and fishermen, that they blockaded petroleum refineries — in Britain and France, for instance.Within days, food distributors and other essential services had run out of fuel.Whole industries were hit, and the economic losses were calculated in the billions.Our economies rely on cheap oil.When its cost

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24 June 2010 9:27 PM | Tagged: sistema moda italia
Gucci and Fendi, two of Italy's largest fashion brands are launching their first full children's collections, entering a sector that has weathered the global downturn better than others.Gucci, owned by French luxury conglomerate Pinault-Printemps-Redoute, will present its Gucci Kids line at its historical Firenze boutique as the Pitti Bimbo international childrenswear fair, running from June 24 t