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Budget deficit mainly behind Egypt's growing debts

​Economic experts said the budget deficit, among other factors, is the most significant reason for both the domestic and external growing debts of Egypt.

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Sotheby's to auction 19th century Beijing map

​A rare Chinese woodcut map of the Beijing city in the 19th century will be auctioned at Sotheby's in London on Thursday.

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Former UK foreign secretary resigns from Parliament post amid "cash for access" scandal

​Former British Foreign Secretary Malcolm Rifkind on Tuesday resigned from his post as chairman of the Parliament's Intelligence and Security Committee amid an alleged "cash-for-access" scandal.

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New Premier League TV rights in UK worth 5.1bn pounds

Sky and BT will pay a record 5.136 billion pounds for the UK live broadcasting rights for 168 English Premier League matches from the three seasons 2016/17 to 2018/19, the Premier League announced after concluding the sales process here on Tuesday.

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Barclays outlines reform agenda, boosting share price

Barclays Plc, the second largest bank in Britain in asset term, announced Thursday that it will cut 19,000 jobs to 2016, 7,000 jobs of them at its investment bank, in order to focus on its core business and cut costs.

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Music industry makes 3.5 bln pounds economic contribution in Britain

Music industry in Britain is estimated to make 3.5 billion pounds (5.69 billion U.S. dollars) contribution to economy each year, a report revealed on Monday.

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Britain to increase state pension age to 69 in late 2040s

The state pension age in Britain will increase to 68 in mid 2030s and 69 in late 2040s, announced Finance Minister George Osborne.

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Britain to levy tax on foreign property investors from 2015

British government will levy foreign property owners on selling homes that are not their primary residence, Finance Minister George Osborne announced on Thursday in his autumn budget statement.

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Syrians fear higher living costs after diesel price hike

Syrians are closely watching consumer prices after the government decided to raise diesel prices, a move that could potentially have an impact on more than 300 consumer items.