China urges peaceful development of seas, says conflict leads to "disaster"

China, involved in a growing dispute with its neighbors over the energy-rich South China Sea, wants to promote peaceful development of the oceans, Premier Li Keqiang said, warning conflicts in the past had only brought "disaster for humanity". China claims almost the entire ocean, rejecting rival claims to parts of it from Vietnam, the Philippines, Taiwan, Malaysia and Brunei in one of Asia's most intractable disputes and a possible flashpoint. It also has a long-running dispute with Japan in the East China Sea. "China will unswervingly follow the path of peaceful development and firmly oppose any act of hegemony in maritime affairs," Li said at a maritime summit in Greece on Friday in comments carried by China's Foreign Ministry website on Saturday.

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Live: Japan battles Greece

The goalless draw between Japan and Greece keeps both of them alive in Group C.

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IMF Considers Dropping Exemption That Enabled 2010 Greek Loan

Wall Street JournalIMF Considers Dropping Exemption That Enabled 2010 Greek LoanBloombergThe International Monetary Fund is considering creating a new way for indebted countries to get large loans and dropping a exception to its lending rules that enabled Greece to obtain a loan in 2010 without having to first restructure its debt. The ...After crisis, IMF rethinks rescue bailouts3News NZall 22 news articles »

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Chobani Prepares a Major Supermarket Invasion

NEW YORK (TheStreet) -- The Chobani Greek yogurt brand is preparing a major invasion at U.S. supermarkets. Its plan of attack includes seasonal yogurt flavors, snack dips, and encouraging buyers to use its yogurt as an ingredient in cooking and baking.Launched in 2007 in Long Island, N.Y., Chobani, which makes the tart, Mediterranean-themed yogurt, boosted revenue by 32% last year, and is ...

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Greek EU Council Presidency Cost Less

From the moment the Greek government undertook the presidency of the Council of the EU, Greek officials stated that the budget of the presidency would be restricted to 50 million euros maximum. Contrary to other countries’ expenditures, the Greek ...

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Greece, Japan share spoils in scoreless stalemate

There was no separating Greece and Japan at the Estadio das Dunas on Thursday as the two sides shared the spoils in a 0-0 stalemate.

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Religious Greeks protest planned gay pride parade

THESSALONIKI, Greece (AP) — Some 300 members of Greek Orthodox religious groups have gathered outside a church in central Thessaloniki to protest the planned staging of a gay pride parade in the northern port city.

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