UNITED KINGDOM

BoE keeps rates steady at 0.5 percent as expected

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The Bank of England kept its key interest rate at 0.5 percent on Thursday, in a widely expected move after a run of subdued data which has cast doubt on the strength of Britain's economic recovery.
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Axa keeps 2011 outlook, Q1 sales down 2 percent

Axa on Thursday said it was confident it would raise profits this year in spite of a drop in first-quarter sales as Europe's second-biggest insurer implements a strategy shift focused on improving margins.
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News Corp profit down on weaker movie slate

News Corp posted a lower quarterly profit on a weaker box office performance than a year ago, which was partly offset by strong performance at its cable television business.

Why is it called Abbottabad?

Abbottabad was named after a British army officer named Major James Abbott who founded the city (and the outlying district) in 1853 when British India annexed the vast Punjab region.
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Report urges U.S. open door to China investment flood

Tens of billions of dollars of Chinese investment could flood into the United States in the next decade, creating a multitude of American jobs if officials do not succumb to a political backlash and throw up barriers, according to a report released on Wednesday.
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Investors move back into cash in April: Reuters poll

Investors pulled back some of their exposure to equities in April, buying bonds and turning to safe-haven cash amid worries that global economic growth could falter from its rapid pace, Reuters polls showed on Tuesday.
U.S. President Barack Obama

White House : Obama to visit Ground Zero on Thursday

A day after Osama's death, US President Barak Obama has announced that he will visit Ground Zero in New York to meet the victims of 9/11 terror. Obama marked the anniversary of Sept. 11 at the Pentagon in each of his two years as president until now.

World Market Overview 5/2/11

U.S. stocks kicked off May with slim losses, as the energy sector followed the price of oil lower and investors couldn't sustain a morning rally that followed the death of Osama bin Laden.

How did Osama die?

The operation that led to the killing of the world's most-wanted terrorist Osama Bin-Laden was almost nine-month old but surprised many all over the world with its sudden but successful outcome.
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Stocks, dollar up after news bin Laden killed

The dollar rose from three-year lows, oil fell and world stocks put in gains on Monday after news Al Qaeda leader Osama bin Laden was killed by U.S. forces swept across thinly-traded financial markets.

Crowds Attack Empty UK, Italy Embassies in Tripoli

Crowds in the Libyan capital of Tripoli set fire to the empty British embassy and vandalized the Italian embassy on Sunday, a day after NATO bombed Libyan Leader Muammar Gaddafi's compound in a suburb of the city.
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Wages high on central bank radars

Central bankers around the world are at different stages when it comes to combating price pressures, but all of them are keeping a close watch on wages for early warning signs of future inflation.

The bizarre tale of Savitri Devi, the Hindu Nazi

Savitri Devi is largely an unknown (or forgotten) figure from 20th century history; but she is well worth remembering because she lived one of the strangest, most incomprehensible lives that one could imagine.

Sony data breach stirs global outrage

Ire is mounting the world over after Sony belatedly revealed its online gaming network suffered one of the largest data breaches in history, and has yet to issue a full statement regarding the mater.
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Sony's No.2 Hirai to brief media Sunday on data theft

Sony Corp's No.2 Kazuo Hirai will brief media on Sunday about a huge security breach of its PlayStation Network, the first time an executive of the Japanese electronics giant will publicly address the case, which could prompt global legal actions.

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