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Business Defections Hit Greece Amid Recovery Effort

Efforts to restore investor confidence in Greece's struggling economy took a double blow this week when a major European bottler and a prominent dairy company announced relocation plans.

Coca-Cola's second biggest bottler worldwide, Athens-based Coca-Cola Hellenic (CCHBC), on Thursday said it was moving its headquarters to Switzerland and looking to establish a listing on the London stock exchange.

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Debt Crisis Tops Agenda at Asia-Europe Finance Talks

Senior finance officials from Asia and Europe met Monday for talks on the global economy in the face of growing nervousness about the worldwide fallout of the eurozone debt crisis.

The meeting in Bangkok comes as Asia's economies -- for years seen as a bright spot in a gloomy world economy -- show increasing strains from Europe's financial turbulence.

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Gas Supplies from Iran to Turkey Resume after Blast

Natural gas supplies from Iran to Turkey, interrupted by a pipeline blast for six days, have resumed, said an official statement Sunday cited by Anatolia news agency.

"The Iranian gas pipeline whose activity was interrupted following an explosion is again in operation," said the statement from Energy Minister Taner Yiliz.

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IMF's Lagarde Says Women Could Save Japan's Economy

Women could rescue Japan's chronically underperforming economy if more of them went to work, the female director of the International Monetary Fund said Saturday.

Christine Lagarde said Japan's shrinking and greying workforce, which has left the country struggling to pay welfare bills, could really benefit from an injection of female talent.

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IMF Body: Fiscal Policy Should be 'Growth Friendly'

The world economy needs to balance austerity with growth if it is to recover fully from the global financial crisis, a key IMF committee said in Tokyo on Saturday.

"Fiscal policy should be appropriately calibrated to be as growth-friendly as possible," the International Monetary and Financial Committee said in a communique.

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China Calls on U.S., Japan to Fix their Finances

China said Saturday the failure by Washington and Tokyo to fix their fiscal problems was hurting the global economy, as it called for "bold, swift and decisive action" to reverse a slowdown.

Deputy central bank governor Yi Gang warned the absence of a "credible, medium-term fiscal consolidation in some of the major advanced economies such as the United States and Japan" is unsettling for the world economy.

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IMF, World Bank Warn on 'Emergency' in West Africa

The IMF and World Bank on Saturday raised the alarm on the "humanitarian emergency" in West Africa's Sahel region, where millions risk starvation amid regional insecurity, drought and poor harvests.

"We are troubled by the acute humanitarian emergency in the Sahel region where hunger threatens the lives of 19 million people and the stability of the region," said a statement from the organizations' joint development committee.

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Czechs Say Iraq to Buy 28 Training Jets for $1 Billion

Iraq will buy 28 Czech-made L-159 training jets valued at $1 billion dollars (770 billion euros), Czech Defense Minister Alexandr Vondra said in Prague on Friday.

"We've agreed to supply 28, L-159-type two-seat aircraft to the Iraqi air force," Vondra told reporters on the last of a two-day visit to the Czech capital by Iraqi Prime Minister Nouri al-Maliki.

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Moody's Cuts Sony Credit Rating

Moody's on Friday downgraded Japanese electronics titan Sony, citing the company's "weak profitability and cash flow".

The agency lowered its assessment on debt issued by Sony from Baa1 to Baa2, citing "its challenges in achieving profitability in the TV and mobile phone segments, and the erosion in its global competitive position across different product lines".

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Unemployment 30 Mn Higher Than Before Crisis

There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labor Organization said in remarks published Friday.

The figures come amid a growing debate over the merits of austerity, especially in Europe, where painful budget-cutting has pushed jobless levels as high as 25 percent in some countries, including debt-hit Greece and Spain.

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