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Stock market stalls as federal budget talks hit the wall

U.S. stock markets closed deep in the red Tuesday as politicians in Washington remained deadlocked over a deal to reopen the government and avoid default on its debts. The Dow Jones Industrial Average shed 133.25 points (0.87 percent) at 15,168.01. The broader S&P 500 fell 12.08 (0.71 percent) to 1,698.06,…

Lawsuit accuses Blackberry of forecasting sales ‘based on prophecy rather than fact’

BlackBerry shareholders on Tuesday launched a class-action lawsuit against the company, alleging its optimistic sales forecasts for its new smartphones cost them hundreds of millions of dollars, lawyers announced. The lawsuit on behalf of Canadian shareholders who purchased BlackBerry stock between September 27, 2012 and September 20 of this year,…

Ex-Georgian minister on the lam detained in France

French authorities have detained a former Georgian defence minister wanted in his homeland on corruption charges, a police source said Tuesday. Davit Kezerashvili, a close ally of outgoing president Mikheil Saakashvili, was detained Monday at the Nice airport just before 1:00pm (1100 GMT), as he was trying to board a…

Dalai Lama tells Mexican audience he supports medical marijuana use

The Dalai Lama weighed in on Mexico’s marijuana legalization debate on Tuesday, telling an audience that he backs the drug’s use for medicinal purposes. The Tibetan spiritual leader, speaking at an event hosted by former Mexican president Vicente Fox, said that “the exception” for smoking marijuana would be if it…

Italian conservative Catholics hold Nazi funeral amid protests

Catholic breakaway traditionalists held a funeral for Nazi war criminal Erich Priebke in a town near Rome on Tuesday as hundreds of angry protesters outside shouted “Assassin!” and “Hangman!” The ultra-conservative Society of St Pius X in Albano celebrated a private ceremony in Latin with family and far-right extremist sympathisers…

Church of Sweden elects first female archbishop

The Church of Sweden announced on Tuesday that it had elected a woman as its leader for the first time in the institution’s history. The Bishop of Lund, Antje Jackelen, won 55.9 percent of the votes from the 324-strong ecclesiastical college and will replace the current archbishop Anders Wejryd. “I’m…

Lithuania moves to takes advantage of Polish ban on ritual slaughter

Lithuania on Tuesday took a step towards legalising the ritual slaughter of livestock for food, seeking to expand its exports after neighbouring Poland imposed a ban. “Arab countries and Israel represent new opportunities for meat exporters,” lawmaker Vytautas Gapsys, who tabled the draft legislation, told parliament. In the first reading,…

Twitter passes NASDAQ up to list on New York Stock Exchange

Twitter shares will trade on the New York Stock Exchange, documents showed Tuesday, shunning the tech-heavy Nasdaq which saw major problems in Facebook’s market debut in 2012. An update to Twitter’s filing with the Securities and Exchange Commission said: “We intend to list the common stock on the New York…

Debt limit talks in disarray after House GOP fails to back Senate deal

Democrats accuse hardline Republicans of sabotaging bipartisan deal after negotiations to raise debt ceiling left in limbo A fragile deal to end the US budget crisis collapsed on Tuesday when Democrats accused conservative Republicans of sabotaging the bipartisan proposals less than two days before the country’s borrowing authority expires. A…

Tina Fey and Amy Poehler sign on to host next two Golden Globe Awards

Tina Fey and Amy Poehler will return to lead the Golden Globes ceremony in 2014 and 2015 after receiving rave reviews in January when they hosted for the first time. The US duo — long-time friends — replaced Ricky Gervais, who hosted for three years despite his caustic humor aimed…

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