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Exclusive: Indonesia's new president plans steep fuel price rises next month

Indonesia's President-elect Joko Widodo plans to raise subsidised gasoline and diesel prices by around 50 percent next month in a bid to bring down the budget deficit in Southeast Asia's largest economy, an adviser told Reuters on Friday.

Oct 17, 2014 11:34 AM EDT


Costs and bidding process scare off European hopefuls

What do European cities Stockholm, Oslo, Krakow, Lviv, St Moritz and Munich have in common? What do European cities Stockholm, Oslo, Krakow, Lviv, St Moritz and Munich have in common? They have all turned down or pulled out of bidding for the Winter Olympics in 2022 and triggered alarm bells at the International Olympic Committee.

Oct 10, 2014 11:51 AM EDT


Nissan says Sept China auto sales down 20 percent year-on-year

Japanese automaker Nissan Motor Co Ltd (7201.T) said on Friday that, together with its Chinese joint venture partner, it sold about 93,700 automobiles in China in September, down 20 percent from a year earlier.

Oct 10, 2014 11:19 AM EDT


Thai traffic cops offered cash to turn down bribes

Thailand's traffic policemen will get money in return for refusing bribes, police said on Thursday, part of the junta's efforts to combat what it has called an ingrained culture of corruption within the force.

Oct 09, 2014 11:15 AM EDT


Budget divisions overshadow EU jobs talks

French President Francois Hollande defended his push for an easing of European Union budget restrictions on Wednesday, potentially deepening divisions with Germany which is pressing Paris to move faster on reforms.

Oct 08, 2014 11:35 AM EDT


Growth worries grip world's stock, oil markets

European stock markets fell for a second day on Wednesday, pushing world share indices back toward their lowest in six months as concern mounts over global economic growth.

Oct 08, 2014 10:59 AM EDT


EU watchdog targets Amazon's Luxembourg tax deals

Amazon's tax arrangements with Luxembourg are being investigated by EU regulators, as the online retailer becomes the latest global company to be accused of striking tax-minimising deals with member states that may break bloc rules.

Oct 07, 2014 12:15 PM EDT


Belgian police waive traffic fines in protest over pensions

Belgians who drive a bit over the speed limit, forget to buckle their seat belts or park illegally can breathe easier this week as police turn a blind eye in protest against plans to raise their retirement age.

Oct 07, 2014 11:35 AM EDT


New kings of the road: Big motorbike makers rev up in Southeast Asia

Roads in Southeast Asia have been getting a little louder lately as motorcycle makers, an aspiring middle class and easy bank credit come together to breed a new genus of motorcyclists – the big-bike rider.

Oct 06, 2014 12:07 PM EDT


Hong Kong clashes break out away from Central protest site

Violent scuffles broke out in one of Hong Kong's most famous and congested shopping districts on Friday, as hundreds of supporters of Chinese rule stormed tents and ripped down banners belonging to pro-democracy protesters, forcing many to retreat.

Oct 03, 2014 11:37 AM EDT


Searching for new supercar, Bugatti shielded from VW cost curbs

Volkswagen (VOWG_p.DE) keeps lavishing money on supercar maker Bugatti, its most exclusive brand, even as the German group plans painful cuts in its core auto business.

Oct 03, 2014 11:22 AM EDT


Islamic State presses assault on Syrian border town, Kurds warn Turkey

Islamic State insurgents tightened their grip on a Syrian border town on Thursday despite coalition air strikes, sending thousands more Kurdish refugees into Turkey and dragging Ankara deeper into the conflict.

Oct 02, 2014 12:16 PM EDT