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    World News News Archive - Political Yard

    Govt mulls extending bank guarantee

    Posted on Oct 06, 2008 - 4:37 pm
    AFP - The government vowed Monday to do "whatever is needed" to keep its financial system stable, including the possibility of extending a guarantee on bank deposits, but resisted pressure for more unilateral action.


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    Archive
    German, 2 French share Nobel Prize in medicine
    Posted on Oct 06, 2008 - 5:02 am - AP
    AP - Germany's Harald zur Hausen and French researchers Francoise Barre-Sinoussi and Luc Montagnier shared the 2008 Nobel Prize in medicine Monday for discovering the AIDS virus and viruses causing cervical cancer.
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    Govt considers buying shares to recapitalise banks: reports
    Posted on Oct 06, 2008 - 2:47 am - AFP
    AFP - The government is considering shoring up ailing banks with billions of pounds in return for shares, media reports said Monday, as Germany raised the stakes in efforts to tackle the financial crisis.


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    Glasto sells half of all tickets with eight months to go
    Posted on Oct 06, 2008 - 2:28 am - AFP
    AFP - Half the tickets for the Glastonbury music festival were snapped up on the first day they went on sale, organisers said -- despite the event not taking place for another eight months.


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    German gov't, banks agree to $69B bailout for Hypo
    Posted on Oct 05, 2008 - 6:26 pm - AP
    AP - Germany on Sunday guaranteed all private bank accounts and negotiated a 50 billion euro ($69 billion) bailout deal for Hypo Real Estate AG as Europe's second largest economy sought to ward off financial crisis.


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    German gov't, banks reach bailout deal for Hypo
    Posted on Oct 05, 2008 - 5:48 pm - AP
    AP - The German Finance Ministry says government officials and private banks have agreed to a new 50 billion euro ($69 billion) deal to bail out Hypo Real Estate AG.
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    Glastonbury sells half of all tickets with eight months to go
    Posted on Oct 05, 2008 - 5:28 pm - AFP
    AFP - Half the tickets for Britain's Glastonbury music festival were snapped up Sunday on the first day they went on sale, organisers said -- despite the event not taking place for another eight months.


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    German lender tests Europe's bank stability vow
    Posted on Oct 05, 2008 - 7:08 am - Reuters
    Reuters - Germany struggled on Sunday to rescue lender Hypo Real Estate, underlining the challenge facing European leaders who vowed to restore stability to a banking system hit by the worst crisis since the 1930s.


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    Govt. 'utterly condemns' PKK attack on Turkish troops
    Posted on Oct 04, 2008 - 3:05 pm - AFP
    AFP - Britain on Saturday condemned an attack by Kurdish rebels on Turkish forces that left 38 people dead and said it stood "shoulder-to-shoulder" with Ankara in its fight against the separatists.


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    Georgian coast guard to train aboard US warship
    Posted on Oct 04, 2008 - 12:12 pm - AP
    AP - Georgian coast guard personnel began a weeklong training program Saturday aboard a U.S. destroyer in the Black Sea, a Georgian official said.


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    Guns, dirty money and French elite on trial
    Posted on Oct 03, 2008 - 2:18 pm - AP
    AP - The 468-page French indictment makes seamy reading: secret arms deals feeding bloodshed in an oil-rich African country. Envelopes of cash changing hands in a Paris mansion. A cast of defendants ranging from a debt-ridden tycoon to a Chinese opera singer.
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    Govt guarantees bank savings up to £50,000
    Posted on Oct 03, 2008 - 6:54 am - AFP
    AFP - The government said Friday it would guarantee bank savings up to 50,000 pounds per person, a 43-percent hike on the previous limit, amid global financial turmoil.


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    Georgia, NATO top Merkel, Medvedev agenda
    Posted on Oct 02, 2008 - 12:31 pm - AP
    AP - German Chancellor Angela Merkel chastised Russia's conduct in Georgia and told President Dmitry Medvedev that the pro-Western nation's territorial integrity is "nonnegotiable," underscoring deep divisions left by the recent war.


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    GM exec sees U.S., Europe markets weak in the first half of 2009
    Posted on Oct 02, 2008 - 4:47 am - Reuters
    Reuters - General Motors Corp. (GM) Chief Operating Officer Fritz Henderson said on Thursday he expected U.S. and western European markets to stay weak in the first half of 2009.
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    Govt to withdraw children of diplomats in Islamabad
    Posted on Oct 01, 2008 - 8:45 pm - AFP
    AFP - The government has decided to withdraw the children of all its diplomats based in Islamabad after last month's bombing at the Marriott Hotel in the Pakistani capital, the Foreign Office said Wednesday.


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    Govt to withdraw children of diplomats in Islambad
    Posted on Oct 01, 2008 - 10:45 am - AFP
    AFP - The government has decided to withdraw the children of all its diplomats based in Islamabad in the wake of the bombing at the Marriott Hotel in the Pakistani capital last month, the Foreign Office said Wednesday.


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    Gunmen in Mexico steal suspected drug planes
    Posted on Oct 01, 2008 - 9:27 am - AP
    AP - Police in Mexico say 20 heavily armed men have stolen five small planes that the army seized in anti-drug operations.
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    General wants help in Afghanistan now
    Posted on Oct 01, 2008 - 9:07 am - AP
    AP - The top American military commander in Afghanistan said Wednesday that he needs more troops and other aid "as quickly as possible" in a counter-insurgency battle that could get worse before it gets better.


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    Ganguly gets Test lifeline against Aussies
    Posted on Oct 01, 2008 - 6:33 am - AFP
    AFP - Indian batsman Sourav Ganguly was on Wednesday given a chance to extend his international career when he was named in the squad for the first two Tests against Australia.


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    Gorbachev to form political party in Russia
    Posted on Sep 30, 2008 - 3:25 pm - AP
    AP - A Russian billionaire said Tuesday he is teaming up with former Soviet President Mikhail Gorbachev to form a new political party that will challenge the country's recent steps away from democracy.
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    Global stocks volatile after bailout rejection
    Posted on Sep 30, 2008 - 10:53 am - AP
    AP - Stocks were volatile across the world on Tuesday, a day after U.S. lawmakers rejected a $700 billion bank rescue plan.


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    Gorbachev to form new Russian party
    Posted on Sep 30, 2008 - 10:13 am - Reuters
    Reuters - Former Soviet leader Mikhail Gorbachev will join forces with Russian tycoon Alexander Lebedev to launch a new political party independent of the Kremlin, the billionaire businessman said on Tuesday.


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