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Shortlived peace in Gaza as Hamas and Israel renew rocket salvoes
GAZA/JERUSALEM - An Egypt-initiated truce collapsed Monday within a few hours as Hamas militants barraged Israel with nearly 50 rockets and Israel replied with renewed air strikes on Gaza and hinted ...
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Monetary stimulus must continue says Janet Yellen
WASHINGTON - Federal Reserve chairwoman Janet Yellen Tuesday strongly defended the American monetary stimulus policy saying that the United States was still in the midst of an incomplete economic ...
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Suicide bombing kills scores in Afghanistan
GARDEZ, Afghanistan - Nearly 90 people were killed and dozens more injured Tuesday when a suicide bomber blew up his explosives-packed car near a busy market and a religious school in eastern ...
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Reynolds to buy Lorillard for $27.4 billion
NEW YORK - Cigarette maker Reynolds American has said it was buying rival Lorillard for $27.4 billion in a merger that combines two of the oldest and biggest tobacco companies in the United ...
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Major job cuts expected this week by Microsoft
NEW YORK - Microsoft is expected this week to announce its largest round of layoffs since 2009 in an effort to integrate Nokia Oyj's handset unit that it acquired last year. According to a report ...
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World's largest carbon capture project planned by NRG Energy
HOUSTON - Power generator NRG Energy Inc. Tuesday announced a $1 billion joint venture with JX Nippon Oil and Energy Corp., Japan's largest oil refiner and a unit of JX Holdings Inc, to set up a ...
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FCA steps in to protect borrowers from excess charges
LONDON - UK financial sector regulator has decided that from January next year no payday lender will be allowed to make a borrower pay more than twice the amount they have borrowed and to cap the ...
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Iraqi parliament names Sunni politician as speaker to break deadlock
BAGHDAD - The Iraqi parliament named moderate Islamist Sunni politician Salim al-Jabouri as new speaker on Tuesday, in a major first step towards forming a unity government as Iraqi forces launched ...
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China asks US to stay clear of South China Sea dispute
BEIJING, China - In a clear snub to the United States over the disputed waters in the South China Sea, Beijing Tuesday told Washington to stay out of the issue involving neighbours Brunei, Malaysia, ...
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Moscow subway train derails, leaves 21 dead
MOSCOW, Russia - At least 21 people were killed and more than 150 injured Tuesday when a subway train derailed during the morning rush hour in Moscow, officials said. Officials said the death ...
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Israel and Hamas exchange rocket fire as calls for ceasefire increase
GAZA/JERUSALEM - Israel and Hamas continued to exchange fierce salvos of rocket fire as worldwide pressure mounted for a cease-fire in the weeklong fighting that has claimed over 180 lives in ...
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Birthday wish to see Nigerian schoolgirls freed, says Malala
ABUJA, Nigeria - Malala Yousafzai, the gutsy Pakistani schoolgirl who survived an attack by the Taliban, has appealed to Boko Haram militants in Nigeria to "stop misusing the name of Islam" and ...
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Sixth round of EU-US talks on mega trade deal begin
BRUSSELS - Officials from the European Union and the US kicked off Monday a new round of negotiations on a trade deal aimed to create the world's largest free-trade area. The sixth round of talks ...
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Riots follow Argentina's World Cup loss in Rio de Janeiro
BUENOS AIRES, Argentina - Violence engulfed large parts of Argentina capital Buenos Aires where a flash mob resorted to violence and started vandalizing property, including shops, after Germany's ...
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Bergdahl resuming active duty as regular soldier
WASHINGTON - Sergeant Bowe Bergdahl, who was released from five years of Taliban captivity six weeks ago, is set to resume his duties as a regular army soldier, an army statement said ...
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Border fighting rages as Ukraine accuses Russia of shooting down plane
KIEV, Ukraine - A military plane of the Ukrainian army with eight people onboard was reportedly shot down amid claims that Russian army officers were fighting alongside separatists in the east of ...
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$7 bn penalty to be paid by Citigroup for mortgage settlement
NEW YORK - A federal probe into the sale of shoddy mortgage investments in the run-up to the 2008 financial crisis by Citigroup has been resolved with the bank agreeing to pay some $7 billion to ...
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Irish drug maker Shire closer to takeover by AbbVie for $53.8 bn
DUBLIN - Irish specialty pharmaceutical Shire Monday announced that after it requested and received a further revised offer of 31.35 billion pound (39.5 billion euros or $53.8 billion), from US ...
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Adidas, Manchester United sign $1.3bn kit deal for 10 years
Manchester/Herzogenaurach Sportswear giant Adidas has entered into a ten year global technical sponsorship and dual branded licensing deal with English soccer team Manchester United for a minimum ...
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Subsidiary of Ernst and Young found guilty of improper lobbying
WASHINGTON - Global accounting major Ernst and Young LLP, which has been charged by the US Securities and Exchange Commission of violations of auditor independence rules, Monday agreed to pay more ...
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Israel resumes Gaza strikes as Hamas attacks continue
The Israeli army Tuesday resumed air strikes against Hamas targets in the Gaza Strip as rockets continued being fired from the coastal enclave despite Israel's unilateral approval of an ...
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Iraq Army Launches Tikrit Offensive Politicians Elect Speaker
BAGHDAD - Iraq's army and Shi'ite militia forces launched an assault on Tuesday to retake the city of Tikrit from Islamist militants as parliamentarians in Baghdad prepared to vote for a new ...
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Exclusive U.N. monitors allege conspiracy to divert Somali assets
Hassan Sheikh Mohamud, President of Somalia, addresses the 68th United Nations General Assembly at U.N. headquarters in New York, September 26, ...
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U.S. House panel to probe if there was cover-up in CDC lab mishap
WASHINGTON (Reuters) - A congressional panel probing the mishandling of dangerous pathogens at federal laboratories will try to determine if U.S. officials sought to cover up an incident involving ...
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Alleged intruder arrested at famed Kennedy Compound in Hyannis Port
reports CBS Boston .The Barnstable Police Department says it got a call from a man who said he thought there might be an intruder in his home.The Hyannis News reports the caller was Ted Kennedy ...