UNITED KINGDOM

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S&P cuts UK's rating outlook to negative

Ratings agency Standard & Poor's lowered its outlook on Britain to negative on Thursday, citing government debt that would be hard to rein in and political uncertainty about the policy response with an election looming.

Recovery and UK worries hit stock futures

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Stock index futures declined on Thursday as doubts about a quick economic rebound fueled a global equity selloff, while Britain's reduced rating outlook pointed to more fallout from the credit crisis.

Stock futures drop on recovery and U.K. jitters

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Stock index futures fell on Thursday as doubts about a quick economic rebound fueled a global equity sell-off, while Britain's reduced rating outlook pointed to more fallout from the credit crisis.
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Asian stocks slip, dollar loss deepens

The dollar hit its lowest in almost five months and Asian stocks slipped on Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth for the next three years.
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Myanmar junta allows glimpse of Suu Kyi trial

Army-ruled Myanmar opened the trial of opposition leader Aung San Suu Kyi on Wednesday in an apparent bid to calm growing international outrage at the regime and its latest crackdown on the Nobel Peace laureate.
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Speaker's exit fails to quell British reform calls

Reformists called for a fundamental shakeup of Britain's political system on Wednesday, saying the first ousting of a parliamentary speaker in 300 years was not enough to still public anger over an expenses scandal.
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India gives Pakistan new information on Mumbai attack

India said on Wednesday it has given Pakistan new information relating to the November attack on Mumbai, seeking to push investigation into an assault that New Delhi says was carried out by Pakistan-based militants.
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UK parliamentary Speaker to step down over scandal

The Speaker of Britain's lower house said Tuesday he would step down in June after criticism of his handling of a scandal over lawmakers' expenses that has badly tarnished the reputation of the Mother of Parliaments.
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UK gauges investor interest in bank stakes: source

Britain has held talks with investors to gauge their interest in buying its stakes in part-nationalized lenders, and could begin selling its holdings within a year, according to a person briefed on the matter.
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Wolfram Alpha undergoing public testing

The highly anticipated Wolfram Alpha computational knowledge engine underwent public testing over the weekend to see how well it will respond to a mainstream audience.
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Mobile chip firms see better second quarter

The wireless chip firms ARM and ST-Ericsson said they expect market to improve in the second quarter, helped by clients restocking, but said the rest of 2009 looked uncertain.
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UK's Brown urges cleanup of scandal-hit politics

British Prime Minister Gordon Brown called for root and branch reform on Monday to defuse an expenses scandal that has damaged the main political parties and put pressure on parliament's most senior figure to quit.
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UK's Labour suspends second MP in expenses scandal

Britain's ruling Labour party on Saturday suspended a second MP in an expenses scandal that has scarred parliament's reputation and sparked public rage, after he claimed thousands of pounds for a mortgage he had already paid off.
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Obama renews U.S. sanctions against Myanmar

WASHINGTON - President Barack Obama on Friday renewed U.S. sanctions against Myanmar's military government, saying its actions and policies continued to pose a serious threat to U.S. interests.
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UK minister steps down as expense row grows

A British government minister stepped down on Friday pending an investigation of allegations that he paid below-market rent for a house, the highest profile casualty so far of a growing expenses scandal.
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Europe first-quarter recession deepened, maybe bottom

Europe sank to what may have been the recession's low point in the first quarter of this year as tumbling German exports and investment plus further sharp drops in output elsewhere hastened the pace of a year-old contraction.

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