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Eurozone debt doubts drag euro down

The euro has sunk to a more than one-year low against the dollar and hit an 11-year low versus the yen amid concerns over Europe’s debt crisis as Italy and Spain came under intense pressure on the markets. The 17-nation currency fell as low as $1.2775 on Thursday, its weakest level since September 2010. Spain said it banks would need ...

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Mahatma Gandhi Peace Prize Awarded To His Holiness The Dalai Lama

Article by Yeshe Choesang, WN Correspondent Dharamshala. Bodh Gaya, India: Ela Gandhi, granddaughter of Mahatma Gandhi, awarded His Holiness the 14th the Dalai Lama of Tibet with the ‘Gandhi Award’ on Wednesday, January 4th. The spiritual leader of Tibet, whose efforts towards peace building have been lauded the world over, is currently in the city for the annual Kalachakra teachings. ...

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11 people dead in New Zealand after hot-air balloon catches fire

A HOT-air balloon burst into flames and crashed to the ground in New Zealand today, killing all 11 people aboard, after hitting a power line. The balloon came down in calm weather near Carterton, a small town north of the capital Wellington and a popular area for ballooning, in New Zealand’s worst aviation disaster in more than 30 years. "It ...

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Ex-rebel official hopeful about Libya’s transition

WASHINGTON – As fighting among militias in Libya continues, the country’s former finance and oil minister said Thursday that a strong presidential system was crucial to provide stability following the ouster of Moammar Gadhafi. Ali Tarhouni, who left his post in Libya’s National Transitional Council last fall, said that the country will remain in limbo until elections this summer but ...

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Trinamul rally to counter Cong

The ongoing war of words between the Trinamul Congress and the Congress on Wednesday exploded into an all-out war which may even endanger their alliance. Angered by the Congress agitation against the Mamata Banerjee government, the Trinamul Congress has planned a counter-rally in Kolkata on January 9. The Congress leaders launched a tirade against her government and her party. Addressing ...

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Hague in Myanmar to look at reforms first-hand

NAYPYITAW, Myanmar (Reuters) – Foreign Secretary William Hague began a landmark visit to Myanmar on Thursday to get a first-hand view of “encouraging” reforms being pursued by its civilian leadership, but officials said he would set out conditions for the lifting of sanctions. Foreign Secretary William Hague arrives for a cabinet meeting at 10 Downing Street in London November 29, ...

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Pentagon military review ‘will axe US troops’

The US is to axe thousands of troops as part of a far-reaching defence review aimed at coping with huge budget cuts over the next decade, officials say. The changes – to be unveiled on Thursday – are likely to end a decades-old policy of maintaining the strength to fight two wars at once. President Barack Obama will announce the ...

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Romney wins Iowa battle, but barely

SHARE AND DISCUSSTweet WASHINGTON: None of the half-dozen Republican aspirants aiming for the White House established any significant lead or momentum in the Iowa Caucus, an inner party electoral skirmish that sounds the opening bell for the party nomination for the 2012 presidential election. Frontrunner Mitt Romney surprisingly lost impetus and standing in course of a narrow win (by just ...

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Arab League to discuss fate of Syria mission

The 22-member body is responding to claims that the mission has provided cover for continuing human rights abuses by the regime as President Bashar al-Assad seeks to crush a 10-month-long uprising against his rule. In a statement of frustration with the monitors’ lack of progress, the commander of Syria’s armed rebels yesterday threatened to step up attacks on President Assad’s ...

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