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A tourist poses for a photo next to four telephone boxes next to Hyde Park, in central London

UK Falls Into Double-Dip Recession

The United Kingdom, Europe's third-largest economy, fell into recession in the first quarter when its gross domestic product fell 0.2 percent, a contraction that followed the fourth-quarter's 0.3 percent decline.

GSK insists it best owner for Human Genome

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Drugmaker GlaxoSmithKline said on Wednesday its $2.6 billion bid for long-time partner Human Genome Sciences was full and fair and it was the only obvious owner for the U.S. biotechnology firm.
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Cove Energy Accepts $1.8B Takeover Offer From Royal Dutch Shell

Britain's Cove Energy PLC, which owns part of a massive natural gas field off the coast of Mozambique, said Tuesday it accepted a sweetened takeover offer of £1.12 billion ($1.8 billion) from a unit of Anglo-Dutch energy giant Royal Dutch Shell PLC.
Rihanna and Chris Brown Back Together: RiRi Moving To London To Escape Breezy?

Rihanna and Chris Brown Back Together: RiRi Moving To London To Escape Breezy?

It looks like Rihanna may have finally had enough when it comes to Chris Brown and the drama surrounding their much criticized on-again-off-again relationship. Now it turns out that the R&B star will be retreating to London for the summer where she's lined up a few concerts and is overseeing a new reality show, far away from Chris Brown and his current girlfriend Karrueche Tran.
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Boss of UK's Sky News reprimanded over email hacking

The judge presiding over an inquiry into British press standards on Monday rebuked the head of Sky News, the influential news channel of Rupert Murdoch-controlled BSkyB, for breaking the law by hacking into emails to generate a story.
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Key investor snubs Vodafone's $1.7 billion CWW bid

British mobile operator Vodafone's deal to buy Cable & Wireless Worldwide for an agreed 1.04 billion pounds ($1.7 billion) hit a hurdle on Monday when CWW's top shareholder declined to back a bid it considered too low.
A banner featuring a Euro coin is seen on the European Commission headquarters building ahead of a European Union heads of state summit in Brussels

Euro Zone Annual Budget Deficit Down, But Debt Up In 2011

The 17-member eurozone managed to reduce deficits to 4.1 percent of the gross domestic product in 2011, down from 6.2 percent in the previous year, according to official European Union figures released Monday. Overall debt increased to 87.2 percent of GDP from 85.3 percent.

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