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Energy agency says oil prices may fall 7 percent in 2013

Oil prices are unlikely to fall much further over the balance of this year but could come under pressure in 2013 as the global economy falters due to slower US and Chinese growth, the IEA said Thursday. The International Energy Agency, which advises developed countries on energy policy, said supply…

Italian police forced to apologize for gay slur in training manual

Italian police apologised this week after they were forced to change a training manual that listed homosexuality as a “sexual deviance” in the same category as bestiality, incest and necrophilia. A passage in the 585-page manual, which was being used internally in officer exams in the Carabinieri police force, read:…

Former Barclays chief Bob Diamond could be brought before Congress, sources say

Washington politicians considering asking former Barclays chief executive to testify as Libor-fixing controversy crosses to US US politicians are considering summoning Barclays’ former boss Bob Diamond to Washington to answer questions about the Libor-fixing scandal, in a sign that the controversy is becoming an ever hotter issue in the US.…

Feds move to shut down West Coast’s largest medical marijuana dispensary

Feds move to shut down Harborside dispensary Harborside Health Center, the largest medical marijuana dispensary on the West Coast, is the latest and biggest target of a federal crackdown on pot clubs. The dispensary’s employees learned federal prosecutors are trying shut to down the club when they arrived at work…

Farm production ‘needs to rise 60 percent by 2050′: UN

World farm production must rise 60 percent by 2050 to meet the needs of a growing population but this has to happen in “a more sustainable way,” the UN food agency FAO and the OECD said on Wednesday. “It’s mostly going to be about productivity,” Angel Gurria, head of the…

Australia’s mining boom may doom Barrier Reef

Asia-bound ships queue for weeks outside the Australian port of Newcastle as an endless stream of coal trains wind their way from mine to port. Environmentalists say the nation’s unprecedented resources boom, which will see some US$500 billion pumped into gas, oil and mining projects in coming years, has come…

U.S. Labor Dept. beefs up protection of economic data from stock traders

The US Labor Department’s adversaries are “profit-driven, technically sophisticated individuals who may have considerable resources at their disposal.” They may secretly use surveillance equipment and “though they are willing to bend and potentially violate rules and laws, violence is unlikely as an operational method.” But these are not James Bond…

U.S. carp hunters spike flying fish with bows and arrows

Shooting a fish flying through the air with a bow and arrow isn’t as hard as you would think. At least, not when it’s a 20-pound Asian carp — and there are so many the one you got wasn’t necessarily the one you targeted. “That’s what I like to see!”…

Funding crisis at world’s largest refugee camp

Aid agencies warned Thursday that a critical shortage of funds is threatening lives in Kenya’s Dadaab refugee camp complex, the world’s largest, risking worsening an already volatile security situation. “Tens of thousands of lives (are) at risk with money for vital services set to run out in two to three…

Comic-Con fans flock to ‘Hobbit,’ ‘Twilight’ previews

Fans descend on San Diego Thursday for the annual Comic-Con festival of pop culture, with highlights including the long-awaited “Hobbit” and last “Twilight” films, in a four-day geekfest. Some 130,000 devotees of comic books, movies and TV shows — many dressed up in the costumes of their idols — will…

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