UNITED KINGDOM

UK's Brown to unveil election plans after failed plot

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British Prime Minister Gordon Brown will attempt to reassert his authority over his ruling Labour Party on Monday, after surviving a plot to depose him less than five months before an election that he is expected to lose.

Cellphone use for shopping up: Motorola

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A growing number of consumers worldwide used their mobile telephones to help them shop early in the holiday season with usage particularly high among young adults seeking coupons, according to a study sponsored by Motorola Inc and released on Monday.
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Daily Forecast - 11/1/2010

The Australian Dollar opens higher on Monday at 0.9260 after U.S. non-farm payrolls came in weaker than expected sparking a sell-off in the greenback.
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Iceland poll shows most plan to vote against Icesave deal

Six out of 10 Icelandic voters plan to reject a bill on repayment of more than $5 billion owed to Britain and the Netherlands in a referendum on the so-called Icesave deal, according to a poll published by an Icelandic daily on Saturday.
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Is nanotechnology safely used in food industry?

The food industry worldwide is increasing using nanotechnology for use in food and packaging and according to The House of Lords Science and Technology Committee, nanotechnology has the power to deliver benefits to the customers. However, the Parliamentary Committee has criticised the food industry for failing to be transparent about its research into the uses of nanotechnologies and nanomaterials.
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UK licenses world's biggest offshore wind farms

Britain has awarded energy companies the rights to develop the world's biggest offshore wind project in hopes the country will become a leader in the emerging industry, which is vital to slash carbon emissions.
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EU carbon up, short players buy back permits

European Union carbon emissions futures rose on Friday, as financial players who had sold permits short bought them back and as technical levels pointed toward consolidation, traders said.
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RBS sells non-core fund units to Aberdeen

Royal Bank of Scotland (RBS) has agreed to sell non-core asset management businesses to funds firm Aberdeen as part of its overhaul following the government rescue.
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Sri Lanka rejects U.N. execution video report

Sri Lanka on Friday rejected the findings of a trio of United Nations-appointed investigators who said they doubted a video showing apparent executions by Sri Lankan soldiers was fake.
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Report calls for research on nanoparticles in food

A global scarcity of scientific research on using nanotechnology in foods means food safety authorities are unable to properly regulate products that may be beneficial or harmful, a British science panel said on Friday.
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Cadbury to focus on value in final Kraft defense

British bid target Cadbury (CBRY.L) will paint an upbeat picture for 2010 and upgrade 2009 forecasts next week in a final attempt to fight off a hostile bid from Kraft Foods (KFT.N), analysts said on Friday.
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Nikkei leads Asia up, China falls on policy worry

Japanese stocks hit a 15-month high on Friday as the yen eased against the dollar, leading most Asian markets higher, but Chinese shares and commodities stumbled on fears that Beijing is ready to tighten policy to cool economic growth.
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Daily Forecast - 8/1/2010

The Australian Dollar opens lower on Friday at 0.9180 after a stronger greenback overnight weighed on the high-yielders and eroded yesterday's solid gains.
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UK's Brown calls leadership plot storm in tea cup

British Prime Minister Gordon Brown said on Thursday he had the full support of his cabinet, labelling a call from two former ministers for a secret Labour party ballot on his future a storm in a tea cup.
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Bank of England leaves UK rates unchanged

The Bank of England committed to one more month of asset purchases under its 200 billion pound ($318 billion) quantitative easing policy on Thursday, as widely expected, and kept interest rates at a record-low 0.5 percent.
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Cadbury shares drop below Kraft's bid for first time

Cadbury shares dipped below the level of Kraft Foods' 10.6 billion-pound ($17 billion) bid for the first time on Thursday as prospects of a rival bid receded and analysts reckoned Kraft now needs only to slightly sweeten its offer to win.
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Cadbury shareholders bet on higher Kraft bid

Kraft faced pressure to raise its bid for Cadbury with extra cash as the market digested Tuesday's warning from key investor Warren Buffett and an initial deadline passed with few of the UK confectioner's shares changing hands.
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EDP Renewables expects to win UK wind project

Portugal's EDP Renewables (EDPR) expects to be awarded a 1.3 gigawatts development project in the third offshore wind farm leasing round in the United Kingdom, the company said on Wednesday.

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