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Drones over U.S. may pose security risks
PRAGUE, Czech Republic, June 9 (UPI) -- The Czech economy is in recession after it declined 3.4 percent in the first quarter this year when compared with the same quarter in 2008, officials said.
This was the second quarter in a row with a drop in the gross domestic product, the Czech statistics office said Tuesday. It failed to reveal the figures for the economic decline in the last quarter of 2008.
The drop in the GDP is to be mainly blamed on slowing down production such as Czech car industry.
The Czech national bank forecast the economy would drop 2.4 percent for all of 2009, Prague Radio reported.
Consumer prices inflation in May amounted to an annual rate of 1.3 percent, the lowest since January 2007, the statistics office said.
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| Additional Business News Stories | |
VIENNA, Feb. 10 (UPI) --
Oil prices were expected to trend higher as an improved U.S. economy and geopolitical risk in the Middle East weigh on markets, OPEC said.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
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