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Euro fund head sees no quick China deal

BEIJING (Reuters) – The head of Europe’s 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc’s debt crisis but said he expects Beijing to continue to buy bonds issued by the fund. Klaus Regling, chief…

More companies shed light on political spending

WASHINGTON (Reuters) – More American companies are bending to shareholder pressure to reveal their spending to sway political campaigns despite court decisions allowing unfettered corporate cash in elections, according to a study released on Friday. Colgate-Palmolive Co, IBM and Merck & Co are among the big names with the best…

NATO declares October 31 end to Libya mission

NATO decided Friday to end its seven-month mission in Libya on October 31, despite calls from the country’s new rulers for air patrols to continue until the end of the year. Alliance warplanes would wind up the mission on Monday after flying more than 26,000 sorties and bombing almost 6,000…

British rules of succession to change

PERTH, Australia (Reuters) – Centuries of British royal discrimination came to an end Friday after Commonwealth leaders agreed to drop rules that give sons precedence as heir to the throne and bar anyone in line for the crown from marrying a Roman Catholic. The 16 countries that have Queen Elizabeth…

U.S. flying armed drones out of Ethiopia: report

WASHINGTON — The US Air Force is flying armed drones from a civilian airport in southern Ethiopia as part of a growing battle against Al-Qaeda linked Shabab militants in Somalia, the Washington Post reported Thursday. The airfield in Arba Minch is part of a network of secret bases for unmanned…

Analysis: Dodd-Frank, the jobs bill no one talks about

President Barack Obama may be smarting because his sweeping jobs bill has mostly stalled in Congress, but the Dodd-Frank bill — much maligned as a job killer — could boost the kind of work Democrats find hard to tout. The Dodd-Frank financial reform overhaul last year aimed to curb the…

Saudi interior minister named crown prince

RIYADH — Saudi Arabia’s powerful interior minister, 78-year-old Prince Nayef bin Abdul Aziz, was named the new heir to the throne in a royal decree read out on state television Thursday. Nayef — who has been interior minister for nearly four decades and led a crackdown on Al-Qaeda in the…

Chicago may decriminalize marijuana

CHICAGO — Chicago pot smokers may soon be able to light up without fear of jail time. Several Windy City councilmen said Thursday they plan to introduce a local law that would decriminalize possession of small amounts of marijuana in order to cut costs and free up police to handle…

U.S. energy secretary to face grilling over failed firm

WASHINGTON — US Energy Secretary Steven Chu will testify to a key congressional committee November 17 about a half billion-dollar loan to now bankrupt solar panel firm Solyndra, the panel announced. President Barack Obama’s Republican foes have been hunting for evidence that politics at the White House improperly shaped the…

Activists occupy site of huge Brazilian dam

SAO PAULO — More than 400 activists on Thursday occupied the site of Brazil’s $11 billion Belo Monte hydroelectric dam, demanding that construction be halted on the controversial project in the heart of the Amazon. “Everything was peaceful — there were no guards or workers,” a spokesman for the Indigenous…

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