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A country’s guide to escaping the euro

If disaster strikes, how exactly does a eurozone nation hit the emergency escape button on the euro? Once considered an outlandish scenario, it is no longer taboo among economists. Whether it is the entire euro project collapsing or just one country jettisoning the single currency, analysts agree on rule number…

Yemen ‘unity’ government sworn in

Yemen’s national unity government, headed by the opposition, was sworn in Saturday to lead a three-month transition period until early polls are held and President Ali Abdullah Saleh formally steps down. The official Saba news agency said the swearing-in ceremony took place at the Republican Palace in the capital Sanaa…

Peru PM replaced in cabinet shake-up

Peruvian President Ollanta Humala on Saturday replaced his prime minister with his interior minister — a former army officer like himself who played a key role in quelling a recent spate of social unrest. Local media had predicted for several weeks that a cabinet reshuffle was likely, as Humala —…

Strong earthquake rattles Mexico

MEXICO CITY (Reuters) – A powerful 6.7 magnitude earthquake hit Guerrero state in southwest Mexico, rattling buildings as far away as the capital Mexico City. Reuters reporters in Mexico City said the earthquake seemed to go on for an unusually long period. There were no immediate reports of damage but…

Anti-Putin rallies spread across Russia

Over 50,000 people rallied Saturday in Moscow while thousands more came out across Russia following disputed polls in the biggest ever national show of defiance against strongman Vladimir Putin’s 12-year rule. A crowd chanting “Russia without Putin” marched past tight police cordons to a square on an island in the…

Australia elects world’s first intersex mayor

The country of Australia has made history, electing the world’s first openly intersex mayor. Tony Briffa was declared the winner of the Hobsons Bay mayoral race last weekend, overcoming a glitch on his website announcing his victory a day before the election. Briffa, who says that he is “not male…

Executives charged over deadly India hospital fire

Six senior executives were charged on Saturday with culpable homicide and violating safety rules over a hospital fire in Kolkata that killed at least 90 people. The six executives are from two companies that co-own the hospital where poisonous fumes spread from a blaze in the building’s basement. The charges,…

After Arab Spring, Israel should change too: Arab leader

This year’s Arab Spring uprisings should effect the whole region, including Israel, Amr Mussa, the former secretary general of the Arab League and a candidate for the Egyptian presidency, said Friday. “We are seeing a historic and serious change,” Mussa said at the World Policy Conference in Austria’s capital. “Israel…

Karzai will not seek third term: spokesman

Afghan President Hamid Karzai is not secretly planning to change the country’s constitution to seek a third term in power, according to his spokesman. Recent media reports, citing a document set out by Germany’s foreign intelligence service, said Karzai was seeking special dispensation to guide the country through uncertainty after…

Radioactive water leaked at second Japan plant

A Japanese nuclear plant leaked 1.8 tonnes of radioactive water from its cooling system, the government said, heightening safety worries as an atomic crisis continues at another plant. The leak, discovered Friday, caused no environmental impact as it was contained within an idled reactor at the Genkai nuclear plant in…

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