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Crime groups shifting to fraud schemes in EU: bloc's prosecutor
Crime groups shifting to fraud schemes in EU: bloc's prosecutor
by  AFP

Organised criminal groups are switching from riskier drug rackets to fraud in the EU and many don't hesitate to use violence to protect their activities, the bloc's chief prosecutor told AFP in an interview. "Behind this fraud in general there are a few organised crime groups that operate everywhere in Europe.

'Difficult discussions' as WTO talks extended for third time
'Difficult discussions' as WTO talks extended for third time
by  AFP

The world's trade ministers entered a last stretch of talks on Friday following overnight negotiations as a major World Trade Organization conference postponed its closing session for a third time. "In order to give more time for negotiations, the formal closing Session of MC13 has now been postponed."

Swiss central bank head steps down in surprise move
Swiss central bank head steps down in surprise move
by  AFP

The head of Switzerland's central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement Friday. "The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision, and express their sincere thanks for his many years of outstanding commitment in the interests of a stability-oriented monetary policy," it said.

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