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Europe's big 3 say crisis not over

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The global economic crisis is not over and unemployment will keep rising in the months to come, the leaders of Britain, France and Germany warned on Thursday before a meeting of G20 policymakers in London this weekend.

Global recession ending: OECD

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The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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OzForex Daily Commentary - 03/09/2009

Australian Dollar: The Australian Dollar has firmed once again and opens on Thursday at 0.8340 against its US counterpart. During the local session yesterday the Aussie reacted positively to the release of better than expected economic growth numbers moving to an intraday high of 0.8317.
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Former British PM Tony Blair headed to

Tony Blair, the former prime minister of Britain, will take a break from seeking peace in the Middle East to trade jokes with comedian David Letterman on his first ever
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Paris Jackson gets hair cut in LA

Over the weekend Paris Jackson got her first haircut in Los Angeles after which every strand of hair was carefully swept up by her security and placed into a container according to reports from Britain's Daily Mail.
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Brown denies double-dealing in Lockerbie case

British Prime Minister Gordon Brown said on Wednesday that his government had put no pressure on Scotland to release the Lockerbie bomber early to improve Britain's trade links with Libya.
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Aerobatics, fireworks as Gaddafi's Libya turns 40

Italian aerobatic jets, paragliders with fireworks, dancers and an equestrian fantasia electrified Tripoli on Tuesday night when Libya marked 40 years since a bloodless coup brought Muammar Gaddafi to power.
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Gmail suffers widespread outrages

A majority of Google mail users were unable to access the service Tuesday afternoon, in a rare widespread outage of the popular Gmail service.
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OzForex Daily Commentary

The Australian Dollar opens sharply lower on Wednesday at 0.8260 after the Reserve Bank of Australia left interest rates unchanged at 3 per cent.
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Russia's Putin dodges WWII criticism in Poland

Russian Prime Minister Vladimir Putin rebuffed criticism on Tuesday of Moscow's role just before World War Two during ceremonies marking the 70th anniversary of Nazi Germany's invasion of Poland.
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Oil dips below $70 ahead of U.S. data

Oil fell below $70 a barrel on Tuesday, mirroring weaker equity markets, and dragged by data showing Britain's manufacturing sector dipped unexpectedly in August.
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Nokia to delay U.S. music service launch: report

Nokia has delayed to next year the launch of its music service in the United States, the world's largest music market, Forbes magazine reported online on Monday, quoting a Nokia spokeswoman.
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Nomura gets 6 years free rent for London HQ - FT

Japanese investment bank Nomura has secured a rental deal on its new London headquarters allowing free rent for almost six years, the Financial Times reported, citing the terms of a deal to be announced on Tuesday.
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Nokia to delay U.S. music service launch -report

Nokia has delayed to next year the launch of its music service in the United States, the world's largest music market, Forbes magazine reported online on Monday, quoting a Nokia spokeswoman.
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OzForex Daily Commentary - 1 Sept 2009

The Australian Dollar opens stronger on Tuesday at 0.8435 after shrugging off worse-than-expected local data yesterday where gross operating profits fell 7.8 per cent in the June quarter and business inventories shrank 3.4 per cent.

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