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Agence France-PresseFebruary 20, 2013 10:31
AFP World Economic News Summary
The top world economic stories on Wednesday:
France-US-labour-company-Goodyear-Titan
PARIS: The head of US tyremaker Titan sparked an uproar in France by mocking French workers for putting in only "three hours" a day and saying it would be "stupid" to invest in the country.
France-banking-earnings-CreditAgricole
PARIS: French bank Credit Agricole said it posted a record 6.47 billion euro ($8.7 billion) loss for 2012 after booking a massive fourth quarter charge but was now "turning the page".
Britain-bank-rate-forex-money-BoE
LONDON: Bank of England governor Mervyn King called for more quantitative easing stimulus cash earlier this month, minutes showed, pushing the pound to a near 16-month low against the euro.
Germany-economy-forex-finance
BERLIN: German Chancellor Angela Merkel said that a euro exchange rate of $1.30-$1.40 was "normal", in an unusual comment on foreign exchange markets.
Spain-finance-economy-debt-budget
MADRID: Spain cut its public deficit below seven percent of gross domestic product in 2012 and escaped financial "disaster", Prime Minister Mariano Rajoy said.
Finance-public-debt-Greece-strike
ATHENS: Police in Athens fired tear gas at stone-throwing protestors as thousands of Greeks walked off the job to join the debt-ridden country's first general strike this year and oppose austerity measures.
India-Malaysia-aviation-Tata-AirAsia-investment
MUMBAI: Asia's largest low-cost carrier AirAsia on Wednesday announced plans to invest in an airline joint venture with India's giant Tata conglomerate and another party.
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http://www.globalpost.com/dispatch/news/afp/130220/afp-world-economic-news-summary
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Jaume Plensa's "Tel Aviv Man" at Art Basel, the world’s premier trade fair for leading galleries and collectors focused on modern and contemporary art.
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The front of the Art Basel building. This year’s show attracted 303 of the world’s top galleries from 36 countries, showing the works of more than 2,500 artists. It drew more than 62,000 visitors, a new record.
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Platform Gallery's Chen Wei and one of his "Recovery Room" series at Liste Young Artist's show. By the time the week was over he had sold more than 10 works, with prices ranging from $1,800 to nearly $3,000.
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A performance spectator admires some of the pieces at Basel Art.
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A performance piece at Basel Scope, done by an unidentified nearly naked man who moved in slow motion up and down the aisles dressed like a Greek version of Mars, the god of war.
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A performance piece at Scope. The man clutched a staff, on which a plastic container for motor oil with the BP logo was impaled.
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An installation piece at Basel Art.
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An installation piece with paper tubes at Basel Art.
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A gallery scene at the Scope Basel show.
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A sculpture of Sperone Westwater Gallery's employee, Michael Short, by Evan Penny.
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Evan Penny's sculpture of Michael Short.
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A woman views Jaume Plensa's "Tel Aviv Man," (Study) 2010, Galerie Lelong, Paris.
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"Medusa marinara," 1997 — a photographic representation of the Medusa in spaghetti and tomato sauce by New York-based Brazilian artist, Vic Muniz.
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Children play around Ai Weiwei's piece, "Field," 2010.
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Heimo Sobernig's "Black Cube" sits on display outside outside.
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A piece by Yayoi Kusama titled "Pumkin."
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