IBT Staff Reporter

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Consumer sentiment slips in October: survey

U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.

Consumer spending falls, sentiment sours

U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.

Honduras' Zelaya set to return to power

Honduras' de facto government buckled under international pressure on Thursday and agreed to allow the return to power of President Manuel Zelaya, who was toppled in a military coup four months ago.

Japan CO2 emissions from fuel drop

A slumping economy pushed down Japanese CO2 emissions from burning fuels by a record 6.7 percent in the year to March 2009, the trade ministry said on Friday, but the country is still far from meeting its Kyoto Protocol obligations.

EU agrees climate funding deal

European Union leaders resolved a funding dispute on Friday to agree a negotiating position for talks on a global deal to combat climate change.

Colombia, U.S. sign military cooperation deal

Colombia and the United States signed a pact on Friday increasing U.S. access to Colombian military bases, the Colombian government said, deepening its standing as Washington's main ally in the region.

Israel endorses draft Iran atom deal as first step

Israel offered cautious praise on Friday for a U.N.-drafted, U.S.-backed proposal for dealing with Iran's enriched uranium, calling it a positive first step toward denying Tehran the means to make nuclear weaponry.

Afghan officials defend plan for more voting centers

Afghan election officials on Friday defended plans to open more polling centers for next week's presidential run-off despite fears not enough is being done to prevent a repeat of the fraud which marred the first round.

Statin drugs may lower deaths from flu: study

Patients taking statin drugs were almost 50 percent less likely to die from flu, researchers reported on Thursday in a study providing more evidence the cholesterol-lowering drugs help the body cope with infection.

House takes another step on healthcare reform

Democrats in the U.S. House of Representatives unveiled a sweeping healthcare overhaul on Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich.

US home buyer credit spurred 400,000 sales -report

The government's first-time homebuyer tax credit has spurred a significant amount of sales this year and its positive impact on the hard-hit housing market warrants an extension, an economist known for her property market expertise said on Thursday.

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