The EU and Turkey have come to an agreement on the Nabucco pipeline, which should give Europe a significant lift in its attempts to diversify gas supplies away from Russia.  'This is a complete breakthrough', a senior EU official has commented.  The agreement was signed by Azerbaijan, Georgia, Turkey and Egypt, whilst representatives of Kazakhstan, Turkmenistan and Uzbekistan refused to agree to the deal, reportedly due to pressure from Russia.  For the lowdown on the major energy pipelines, Reuters has a factbox.  Centrica has come to a 'cut-price' £2.3bn deal with EDF for a 20% stake in the British nuclear energy producer British Energy.  Italy's Eni Spa and StatoilHydro have got approval from the Norwegian government to develop the country's first oil exploration site in the Arctic.  The Chinese Ambassador to Russia has said that ...

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As of Wednesday afternoon London time, 4:30 (Beijing Thursday 0:30), the British share of the overall situation vane: FTSE 100 index fell 52.11 points to close at 3804.99 points, or 1.4%. The index was a modest early gains, but gains access to dissipate after midday. Continental Europe, the Frankfurt and Paris stock markets higher the stock market fell.

UK National Statistics Office broadcast that, according to ILO values, in November final year to January this year, three months of unemployment in the United Kingdom a total of 2,030,000 employees, the unemployment rate boosted to 6.5%. Compared with the earlier three months, the …