Turkey knocks six zeros off lira
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A new slimmed-down Turkish currency is to be launched on Saturday as the country celebrates its economic progress.
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While an exhibition in Istanbul devoted to the daily life of the Armenians in Anatolia at the start of the 20th century is breaking attendance records, Turkish society is beginning to reflect on the Armenian question, erased from official history for the past 90 years.
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In his debut for Manchester United on Tuesday, the 18-year-old England striker scored three goals as United thrashed Turkey&#39;s Fenerbahce 6-2 in the second rotation of the Champions League.
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"Although the pound has been a loyal and faithful servant of the Cyprus economy, we felt that things could happen that could destabilize a small open economy, so it was to your benefit to join the euro zone as soon as possible."  EU newcomers Cyprus and Malta adopted the euro Tuesday, bringing to fifteen the number of countries using the currency with increasing clout over the slumping U.S. dollar.The Mediterranean islands, both former British colonies, scrapped the Cyprus pound and Maltese lira at midnight.Maltese Prime Minister Lawrence Gonzi had to waited a little before getting his hands on the new currency. An automated teller machine did not work when Gonzi tried to withdraw euros, and he was obliged to use a different ATM. Read more
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Key facts on Turkey, which hopes to win a date from the European Union this week to begin entry talks:
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Hitting Kurdish rebels in northern Iraq carries political risks for Turkey.
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The Italian airline Alitalia said its loss before taxes and exceptional items narrowed to 462.42 million euros (600 million dollars) in 2004 from 515.5 million one year earlier and predicted further improvement in 2005.
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Venezuela launched a new currency with the new year, lopping off three zeros from denominations in a bid to simplify finances and boost confidence in a money that has been losing value due to high inflation.
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The dollar slipped to a record low yesterday against the euro in thin, volatile holiday trading. The euro peaked at $1.3667 before easing slightly to $1.3648
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SULAIMANIYA, Iraq  - Turkish warplanes struck northern Iraq on Wednesday but inflicted no casualties in the latest in a series of small-scale strikes, a spokesman for Iraqi Kurdish security forces said.
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By Stephen Foley in London and Katherine Griffiths in New York. More than Â£6bn was wiped off the value of the UK&#39;s two giant pharmaceuticals companies yesterday as they and the US regulator attempted to quell a furore over drug safety.
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The dollar slipped to another record low Thursday against the euro in thin, volatile holiday trading. The euro hit $1.3667 in afternoon trading in New York, above Wednesday&#39;s late rate of $1.3598 and the previous record set Wednesday of $1.3646.
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The deficit in trade in goods shrank to 6.2 billion pounds in January from 6.9 billion in December, official data showed Tuesday.
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More than $31bn (Â£16bn) was yesterday knocked off the value of Pfizer, the world&#39;s largest pharmaceutical company and maker of Viagra, after doubts surfaced over the safety of one of its key drugs.
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Turkey and Russia sign six accords on trade, defence and finance during President Putin's visit to Ankara.
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Turkey&#39;s ruling AK Party on Monday  celebrated its decisive victory in a parliamentary election,  but strong nationalist gains dented its majority and could  hamper reforms crucial to its European Union bid.
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Wayne Rooney scored three goals in his first match since missing three months with a broken right foot, helping Manchester United beat Fenerbahce 6-2 Tuesday in the second round of the Champions League.