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West rebukes Myanmar on trumped-up Suu Kyi case

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Western critics slammed Myanmar's ruling generals on Friday for pressing trumped-up new charges against detained opposition leader Aung San Suu Kyi, but the move drew only a mild rebuke from Asian neighbors.
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Europe recession deepened in Q1, may be low point

Europe sank to what may be the recession's low point in the first quarter of the year as tumbling German exports and investment plus further sharp drops in output elsewhere sped up the pace of a year-old contraction.
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Oil falls towards $57 on fresh demand concerns

Oil prices fell toward $57 a barrel on Thursday, after a 1-percent plus decline the previous day, as equity markets slipped, weighing on optimism for economic recovery and energy demand.
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BT cuts dividend, to slash 15,000 jobs

Britain's BT Group cut its dividend and said a further 15,000 jobs would go after a 1.58 billion pound ($2.4 billion) write down and restructuring at its Global Services unit drove it to a fourth quarter loss.
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Verizon Wireless to sell HP netbook computers

Verizon Wireless, a venture of Verizon Communications and Vodafone Group Plc, will start selling Hewlett-Packard Co's netbook computers from May 17, according to a statement from Verizon Wireless.
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G7 to recover later this year, but a long haul

The world's richest nations will put recession behind them later this year, but when growth returns it will be sluggish, according to Reuters polls that pose a challenge to the vigorous rally in world stock markets.
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UK may cap spectrum ownership for mobile telcos

Britain unveiled plans to cap ownership of the digital radio spectrum among mobile phone companies, aiming to settle a long-running dispute and fulfill the government's target of providing universal broadband.
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Rio shares drop as talk of a rights issue grows

Rio Tinto dropped as much as 5 percent, tracking its London shares lower, on growing speculation the global miner is set to launch a rights issue instead of selling $19.5 billion in stock and assets to China's Chinalco aluminum group.
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EU banks urged to adopt 'stress tests'

The International Monetary Fund (IMF) has urged European banks to be subjected to so-called stress tests to help restore confidence in the banking system.
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Forex Daily Commentary - 13/05/2009

The Australian Dollar opens higher than this time yesterday at 0.7646 as the US trade deficit for March came in less-than-expected diminishing demand for safe havens and prompting traders to move back into higher yielding assets.
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UK telcos face price-savvy consumers

British consumers are expected to cut back even further on their communications spend in the months ahead, a study found, adding additional pressure to telecoms who have already seen profits shrink.
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Vodafone to open network for applications store

Vodafone, the world's largest mobile operator by revenue, plans to launch a mobile online store to sell games, news and travel applications that its customers can buy on whatever model of phone they use.
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Global unemployment rises: OCED

The Organization for Economic Co-operation and Development (OECD) said Monday the unemployment rate for the OECD area rose to 7.6% in March, 0.3 percentage point higher than the previous month and 2.0 percentage points higher than a year earlier.
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Centrica goes nuclear with British Energy stake

French energy giant EDF (EDF.PA: Quote, Profile, Research, Stock Buzz) agreed to sell a stake in nuclear operator British Energy to Centrica (CNA.L: Quote, Profile, Research, Stock Buzz), striking a partnership with the gas group to build a new generation of nuclear power stations in the UK.
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Virgin sees space tourism as just the beginning

Long-haul trips could be made in spaceships instead of planes in 20 years' time if Virgin's efforts to commercialize space travel succeed, the president of Virgin Galactic told Reuters in an interview.
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Liberty Media oper profit falls as QVC sales drop

Liberty Media Corp (LINTA.O) posted a decline in operating income and revenue on Friday as sales at its QVC shopping channel plunged in the U.S. and Britain due to a difficult retail environment.
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Global survey finds European Muslims isolated

Muslims living in European countries feel far more isolated than those living in the United States, according to a survey on coexistence, with a lack of access to education and jobs reinforcing a sense of ostracism.

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