UNITED KINGDOM

CBI downgrades UK GDP forecast for Q1 2011

Bank of England Governor King poses with Britain's Chancellor of the Exchequer Osborne at the Lord Mayor's Dinner to the Bankers and Merchants of the City of London
The CBI, the British business organization, reduced its forecast for UK economic growth in the first quarter of 2011 to 0.2 percent from 0.3 percent; although it noted that the recovery is expected to be “maintained.”
Soldiers patrol Ivory Coast's violence-hit Yopougon

EU to ban Ivory Coast's Gbagbo; West mulls sanctions

The European Union agreed on Monday to ban Cote d'Ivoire's incumbent President, Laurent Gbagbo and his aides, the BBC reported. The Gbagbo regime is likely to be slapped with harsh sanctions from the West. The sanction could also include freezing the personal overseas assets of the president and his men and issuing visa bans.
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Bank of America cuts off WikiLeaks payments

Bank of America Corp said on Saturday it will not process payments intended for WikiLeaks, which has angered U.S. authorities with the mass release of U.S. diplomatic cables.
Grandparent with his bundle of joy

Spare thy love for grandchildren

Grandparents in the UK are providing more than 6,000 pounds ($9,350) of financial support to grandchildren as parents begin to feel the pinch of government cuts, according to a new study by M&S Money.
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States' budget freeze bid risks more EU wrangling

Five countries said on Saturday the EU's budget should be frozen until 2020, highlighting a new source of policy divisions that could spark a funding battle between the region's western states and their poorer peers in the east.
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Analysis: Emerging markets 2011: consensus or crowded

Emerging markets, the consensus trade for 2011, look set for further heavy inflows of investment dollars, raising questions over how much more new money they can comfortably absorb without igniting an asset bubble.
David Brennan, CEO of AstraZeneca Plc

AstraZeneca shares plunging on approval delay of heart drug

Shares of U.K. drugmaker AstraZeneca PLC (NYSE: AZN) are plunging after the U.S. Food and Drug Administration requested further analysis of existing studies of the company’s heart drug, Brilinta, thereby further delaying its potential approval.
Australia's Johnson celebrates the wicket of England's Trott during their third Ashes test in Perth

Johnson's swings Australia into form

Australia restricted England to an abysmal 187 through a brilliant Mitchell Johnson's 6-38 before extending their lead to 200 runs in their second innings on the second day of the third Ashes test at Perth.
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News Corp set to win EU okay for BSkyB bid: source

News Corp is set to win European Union regulatory clearance to acquire full control of dominant British pay-TV group BSkyB without the need for concessions, a source familiar with the case said on Friday.
8. George Soros ($14.2-billion)

Soros invests in Britain’s largest domestic airline

Flybe Group plc, Britain’s largest domestic airline and Europe’s largest regional carrier which just went public, has a famous investor – billionaire hedge-fund manager/financier George Soros has invested 7.2-million pounds sterling into the company
Nokia

Nokia Files Fresh Patent Violation Suit Against Apple

Nokia has filed fresh patent infringement claims against Apple in the UK, Germany and the Netherlands, alleging that Apple infringed its patents in many of its products sold in these countries, including iPhone, iPad and iPod Touch.
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Nokia fires new salvo in patent row with Apple

Nokia, the world's top cellphone maker by volume, has filed 13 new patent infringement suits in Europe against U.S. rival Apple, accusing it of using Nokia technology in its iPhones and iPads.

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