UNITED KINGDOM

UK parliamentary Speaker to step down over scandal

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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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West rebukes Myanmar on trumped-up Suu Kyi case

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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Rio says committed to Chinalco tie-up, shares up

Miner Rio Tinto remains committed to a planned $19.5 billion tie-up with Chinese metals firm Chinalco, it said, responding to talk that the deal may be revised to let more shareholders take part in a rights issue.
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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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