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Spain ‘El Gordo’ lottery provides break from crisis woes

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People celebrate after winning the first prize of Spain's Christmas lottery named "El Gordo" (Fat One) in Granen, in Manises, near Valencia, on December 22, 2012. The world's richest lottery showered prizes of up to 2.5 billion euros ($3.3 billion) on crisis-hit Spaniards in an annual draw of the "El Gordo" or "The Fat One". The jackpot went to number 76058, which is split into a total of 1,800 "decimo" tickets each paying out 400,000 euros.  TOPSHOTS AFP   / JOSE JORDAN

Hundreds of fans of Spain’s annual Christmas lottery turned out to the draw on Saturday, some clad in wacky costumes and all hoping to win a piece of the pie and forget their economic woes.

Posted: December 23rd, 2012 in Latest News Stories,World | Read More »

Hurting Spaniards pin hopes on Christmas lottery

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A woman buy tickets for the cash-strapped country's famed Christmas lottery, in Madrid, Friday, Dec. 21, 2012. Many players say they're hoping to win so they can pay off debt or help relatives facing heavy economic burdens. Known as "El Gordo" (The Fat One) and billed as the world's richest lottery, the drawing will hand out about 2.5 billion of euro ($3.3 billion) on Saturday. The top prize is about 400,000 euro ($530,000) but there are expected to be hundreds or thousands of tickets awarded for that amount. (AP Photo/Daniel Ochoa de Olza)

After another brutal year of economic hardship, Spaniards across the country are hoping for relief when the country’s famed Christmas lottery — the world’s richest — pays out €2.5 billion ($3.3 billion) in tax-free awards on Saturday.

Posted: December 22nd, 2012 in Latest News Stories,World | Read More »

UN: Financial crisis hit women harder on jobs

The global financial and economic crisis hit women harder than men in the job market — and no improvement is likely in the coming years, the U.N. labor agency said in a new report.

Posted: December 17th, 2012 in CDN - News,Cebu Daily News | Read More »

Exporters eye other markets to perform better this year

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Despite performing poorly last year, local exporters still remain optimistic of recovering this year.

Posted: January 4th, 2012 in CDN - Enterprise,Cebu Daily News | Read More »

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