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Vancouver drug control strategy calls for free crack pipes

The city of Vancouver is set to launch a novel approach to drug control by giving away free crack pipes in hopes of better connecting drug addicts with health workers, according to the Canadian Press. People addicted to crack-cocaine typically smoke it out of glass tubes, which can sometimes be…

Apple’s Chinese manufacturer to rely on a million robots to build iPhones

HONG KONG/TAIPEI (Reuters) – Taiwan’s Foxconn Technology Group, known for assembling Apple’s iPhones and iPads in China, plans to use more robots, with one report saying the company will use one million of them in the next three years, to cope with rising labor costs. Foxconn’s move highlights an increasing…

Teenager gets bail in LulzSec hacking case

An 18-year-old British man arrested on suspicion of being a spokesman for hacking groups LulzSec and Anonymous was granted bail when he appeared in a London court on Monday. Jake Davis is charged with hacking into websites, including that of Britain’s Serious Organised Crime Agency (SOCA), which was out of service for…

Murdoch inquiry grows to include computer hacking

Police investigating phone hacking at the News of the World were set Saturday to extend their probe into claims that computers were hacked, in a fresh threat to Rupert Murdoch’s embattled empire. The Metropolitan police said late Friday it was establishing a new team of officers to examine claims which…

Auto industry could lead U.S. economic recovery: survey

DETROIT (Reuters) – The auto industry could lead an economic recovery in the United States, according to a recent survey by audit, tax and advisory firm KPMG. Auto executives plan to do more hiring and more capital spending than executives in any other sector in the next year, according to…

Debt deal offers only small blessings for economy

WASHINGTON (Reuters) – The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. The plan for $2.4 trillion in spending cuts…

Governments welcome debt deal, still worry about ratings

SYDNEY (Reuters) – Japan and Germany welcomed news of an 11th-hour deal to avoid a U.S. government default on Monday, but officials in both countries said Washington must do more to deal with its huge debt burden and the threat of a cut in its credit ratings. Japan, second to…

HSBC to cut up to 30,000 jobs by 2013

HSBC will slash up to 30,000 jobs worldwide over the next two years as part of a major cost-cutting drive, the global banking giant said on Monday, as it posted bumper profits. “There will be further job cuts,” HSBC chief executive Stuart Gulliver told journalists on a conference call after…

Soaring demand spotlights secret NY gold hoard

If there’s one place a James Bond villain — or even some actual governments — would love raiding today, it’s the basement of a somber building in lower Manhattan: the world’s biggest gold vault. Gold prices hit a record $1,632.8 an ounce Friday, reflecting a nervous rush by private and…

Tokyo shares up on Obama’s debt deal announcement

Tokyo shares rose 1.71 percent on Monday after US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a potentially disastrous debt default. At 0100 GMT the Nikkei 225 index at the Tokyo Stock Exchange rose 167.29 points to 10,000.32. The dollar briefly…

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