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Greek socialists given third chance at forming government

Greece’s socialist leader Evangelos Venizelos is facing the daunting task of forming a viable government, a day after a bid by a radical Left-wing anti-austerity party ended in failure. The eurozone will give Greece €4.2bn today in bailout loans By Alex Spillius, Athens 11:49AM BST 10 May 2012 Power-sharing talks will enter a final third round later on Thursday, but ...

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Prime minister says Pakistan, U.S. operating on a trust deficit

May 9, 2012 — Updated 1843 GMT (0243 HKT) Pakistani PM: ‘Trust deficit’ with U.S. London (CNN) — With his fate at home hanging in the balance, Pakistani Prime Minister Yousuf Raza Gilani repudiated U.S. claims that Pakistan was falling short on fighting the war on terrorism and said instead that his nation was operating on a trust deficit with ...

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Russian jet crash puts Indonesian sales in limbo

ANDI JATMIKO Associated Press= MOUNT SALAK, Indonesia (AP) — The crash of a new, Russian-made jetliner into a jagged, Indonesian volcano during a flight to impress potential buyers threw doubt on dozens of plane sales Thursday just as Moscow seeks a comeback in foreign markets. All 45 people aboard were feared dead. Search and rescue teams trudged and climbed through ...

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Egypt to air first ever televised presidential debate

May 10, 2012 — Updated 0836 GMT (1636 HKT) After ‘Arab Spring’, what now for Egypt? (CNN) — Two candidates will square off Thursday in Egypt’s first-ever televised presidential debate – just two weeks ahead of the elections. Secular candidate Amre Moussa, Egypt’s former foreign minister and the former head of the Arab League, enjoys a considerable lead in a ...

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Earliest Mayan calendar shows no hint of ‘world end’

AFP – The earliest known Mayan calendar has been found in an ancient house in Guatemala and it offers no hint that the world’s end is imminent, researchers said Thursday. Rather, the painted room in the residential complex at Xultun was likely the place where the town scribe kept records, scrawling computations on the walls in an effort to find ...

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Emirates posts Dh1.5b profit

DUBAI ‘ Emirates airline, the world’s largest carrier by international traffic, on Thursday announced Dh1.5 billion annual net profit and said the years ahead will again be more profitable than last. The fastest growing airline achieved its 24th consecutive year of profit for 2011-12 in challenging economic environment where airlines across the world facing slowdown and losses. “We are confident ...

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London 2012: Olympic flame to be lit in Greece

The Olympic flame will be lit in a ceremony in Olympia, Greece, on Thursday ahead of the start of the torch relay and the London 2012 Games. The flame is kindled by a 'high priestess' who captures the morning sun's rays in a parabolic mirror. The ceremony comes amid political and economic turmoil in the home of the Ancient Olympics, ...

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Defense spending to spike $2.1 trillion under Romney

By Charles Riley @CNNMoney May 10, 2012: 5:25 AM ET Mitt Romney wants more ships, planes and troops. NEW YORK (CNNMoney) — Mitt Romney is campaigning on a platform that emphasizes less spending, smaller deficits and renewed fiscal responsibility. But in one budget area, Romney is running the opposite direction. The former Massachusetts governor wants to increase defense spending by ...

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