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A top British businessman is offering a 390,000 euro prize for any economist who can come up with the best plan for countries to stop using the euro.
The European Commission has raided a number of banks, including Deutsche Bank, in a probe into possible fixing of interbank lending rates — known as Euribor.
The European Commission is to investigate Belgium’s part of the nationalisation of Dexia. It will assess whether the four billion euros Belgium had paid as part of that process contains state aid and, if so, whether it complies with EU rules on restructuring support.
Kyrgyzstan will join Russia, Kazakhstan and Belarus in the Customs Union, with analysts stressing the need to strengthen trading ties when the global economy is shaky.
Samsung has unveiled its first smartphone running on Google’s latest version of the Android operating system.
Lawmakers are expected to approve the budget in a vote at the end of the month.