POLAND

Swedbank calls surprise $2.1 billion rights issue

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Swedbank will raise 15 billion Swedish crowns ($2.1 billion) in a rights issue to boost a balance sheet hit by bad debts in the Baltics, the bank said on Monday, after saying in June it didn't need more capital.

Polish village prays for Madonna to visit

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Pop diva Madonna may have upset some Catholic Poles by timing her debut Polish concert to coincide with a big religious holiday on Saturday, but she is sure of a warm welcome if she visits the tiny village of Rumin.
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Medvedev threatens U.S. over missile shield

Russian President Dmitry Medvedev warned the United States Friday that if it did not reach agreement with Russia on plans for missile defense systems, Moscow would deploy rockets in an enclave near Poland.
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Obama, in Russia, praises democracy, blasts graft

President Barack Obama appealed to the Russian people on Tuesday to join the United States in overcoming past differences and building a prosperous democratic future free of corruption and the threat of nuclear war.
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Obama arrives in Russia, confident of progress

President Barack Obama, opening a visit to Russia intended to mend strained relations, said on Monday he was confident of extraordinary progress if both sides worked hard together during his trip.
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Russia hopes Obama visit restores trust: Kremlin

Russia hopes next week's visit by U.S. President Barack Obama will help restore confidence between the two biggest nuclear powers, a Kremlin aide said on Friday, after strains over Georgia and a U.S. missile shield plan.
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British and Dutch vote for European Parliament

Voting began in Britain and the Netherlands Thursday in a European Parliament election which is expected to punish governments that have struggled to cope with the global economic crisis.
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Hammerson sells Paris offices to MGPA

Anglo-French property company Hammerson has sold its Les Trois Quartiers office and retail property in Paris to private equity real estate investor MGPA for 210 million euros ($300 million), both parties said on Wednesday.
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Exclusive: Global consumer confidence stabilizing

Global consumer confidence is stabilizing after falling for 18 months, providing a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed on Tuesday.
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Poland to invest $1.6 billion in renewables

Poland will spend 5 billion zlotys ($1.55 billion) over the next few years to meet its renewables target under the European Union's strategy to combat global warming, Environment Minister Maciej Nowicki said.
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EU launches new website

The European Commission will launch a new website, PRESSEUROP.EU, with the support of a consortium coordinated by Courrier International
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Gates defends U.S. missile defense cuts

Defense Secretary Robert Gates on Wednesday defended cuts to U.S. missile defense programs, saying Washington would still invest in boosting defenses against long-range missile threats, like those posed by North Korea and Iran.
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Russia links nuclear talks to U.S. anti-missile plan

The United States must allay Russian concerns over its planned anti-missile system in Europe if the two sides are to achieve a breakthrough on cutting nuclear weapons, Russia's foreign minister said on Wednesday.
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EU27 retail trade falls 0.3%, the euro area down by 0.6%

The volume of retail trade in March of the European Union’s 27 nation bloc (EU27) fell by 0.3% and the euro area (EA16) down by 0.6%. In February of this year, retail trade fell by 0.8% and 0.3% respectively, according to the European statistics.
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EU bioethanol producers see rising output to 2020

Europe is likely to pump out increasing amounts of bioethanol over the next 10 years, posting gradual annual output rises as an EU-imposed deadline nears for boosting renewable energy, an industry official said on Monday.
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Swiss ask U.S. to drop UBS tax evasion case

Switzerland, under pressure to join a global crackdown on tax fraud, asked the United States Saturday to drop a legal case involving UBS bank in return for a new tax accord the two countries are about to negotiate.

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