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EU urged to let Greece leave euro

Martin Callanan said the next EU summit, scheduled for March 1, should not seek more cures for the Greek economic crisis but should concentrate on preparing for the country to drop out of the eurozone. Meanwhile the European Commission insisted that Brussels and the other member states still wanted Greece to stay in the eurozone, despite delays by Athens in ...

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Egypt to hold presidential poll ‘in May’

Egypt’s first presidential election since the fall of former President Hosni Mubarak will be held at the end of May, according to the state-owned Al-Ahram daily. Citing a government minister, the newspaper said on Wednesday that the election time frame would give presidential hopefuls three weeks starting on March 10 to declare their candidacy, followed by 45 days of campaigning. ...

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Analysis: Greece heads for record books as economy slumps

LONDON (Reuters) – Entering the fifth year of recession, Greece is writing its name in the book of unwanted records for one of the deepest economic slumps of modern times. The Greek economy shrank 6.8 percent in 2011, leaving the level of output an estimated 16 percent below its pre-crisis peak. Unemployment has soared to more than 20 percent from ...

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US welcomes peaceful rise of China: Barack Obama

Tweet WASHINGTON: While setting a firm tone for future relations between the two world powers, US President Barack Obama Tuesday told visiting Chinese Vice-President Xi Jinping that the US welcomes peaceful rise of China. “We believe that it’s critically important that the United…

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Santorum even with Romney in new polls

This is Rick Santorum’s week — in the polls, that is. It was his week last week, at least Tuesday night, when he won contests in Minnesota, Missouri and Colorado. He got no guaranteed delegates from those victories, but they surely turned him into the latest matinee idol of conservatives and gave him a tremendous boost in the polls. Four ...

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US biotech giant guilty of poisoning French farmer

A court in Lyon decided the agro-business multinational had ruined the health of Paul François, 47, a cereal farmer from western France who accidentally inhaled fumes from its Lasso weed-killer in 2004. Monsanto, a dominant player in the global agriculture industry, now faces a multi-million euro compensation ruling later this year. The company, which claimed the farmer ignored safety procedures, ...

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Obama proposes $2.8M for Savannah port expansion

President Barack Obama on Monday proposed $2.8 million towards deepening the shipping channel to the Port of Savannah — far less than the $105 million supporters wanted, but they say the amount is enough to keep the effort on the federal radar. More Atlanta area news » Judge halts elephant bullhook ban Church group volunteer charged Forest Park man dies ...

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Another Tibetan monk sets himself on fire in China

BEIJING – A Tibetan monk set himself on fire in western China and was beaten by security forces as they put out the flames, a rights group said, marking the latest in a series of dramatic protests against China’s handling of its vast Tibetan areas. Lobsang Gyatso, a 19-year-old monk from the Kirti monastery in Sichuan province’s Aba prefecture,…

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