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28 die in Papua New Guinea’s worst plane crash

Papua New Guinean officials were Friday trying to piece together how a passenger plane crashed in dense forest, killing 28 people — but leaving four survivors — in the nation’s worst air disaster. The survivors were the Australian and New Zealand pilots, a flight attendant, and a passenger believed to…

Investor group to vote against Murdochs at NewsCorp AGM

LONDON (Reuters) – Rupert Murdoch’s campaign to keep control of News Corporation suffered a fresh blow on Friday after another key shareholder group called for his eviction from the board of the embattled media company. Hermes Equity Ownership Services (HEOS) the shareholder advisory service affiliated to Britain’s largest pension fund,…

Italy’s Berulsconi faces confidence vote

Italian Prime Minister Silvio Berlusconi faces a crucial confidence vote amid infighting in his ruling coalition as well as growing criticism over his handling of the economy and mounting legal scandals. Barring any major upsets, Berlusconi’s majority is expected to pass the vote but the margin is likely to be…

Toyota extends halt in production due to Thai floods

Toyota on Friday said it would extend a production halt in Thailand through October 22 due to parts supply constraints as a result of the country’s worst flooding in decades. Production at Toyota’s three Thailand plants has been suspended since October 10, with the operations of many Japanese firms in…

‘Indignant’ protests to sweep across world

MADRID — “Indignant” activists, angered by a biting economic crisis they blame on politicians and bankers, vow to take to the streets worldwide on Saturday in a protest spanning 71 nations. It is the first global show of power by the movement, born May 15 when a rally in Madrid’s…

S&P lowers Spain’s debt rating a notch to ‘AA-’

WASHINGTON — Standard & Poor’s cut Spain’s credit rating by one notch to “AA-” from “AA” with a negative outlook on Thursday, following downgrades to the country’s top banks. S&P said Spain’s high unemployment, tighter financial conditions and “the likely economic slowdown in Spain’s main trading partners” prompted the downgrade.…

NATO wins in Afghanistan may be exaggerated: report

KABUL — The US-led NATO mission in Afghanistan may be exaggerating successes of raids designed to kill or capture insurgent leaders, a flagship strategy in the 10-year war, a report warned Thursday. The International Security Assistance Force (ISAF) hails the raids as one of the most effective tactics against the…

Drone attack in Pakistan kills Haqqani commander

MIRANSHAH, Pakistan — US drone missiles on Thursday killed 10 militants including a commander in the Al-Qaeda-linked Haqqani network, which the American military has linked to Pakistani intelligence. US drones hovering over Pakistan’s border areas with Afghanistan fired the salvo of missiles on the day that American envoy Marc Grossman…

U.S. lawmaker urges delay in arms sales to Bahrain

WASHINGTON — The United States should delay the sale to Bahrain of any items in a proposed $53 million weapons package that could be used against protesters there, a US senator said Thursday. “I urge the administration to delay the sale of any items within the proposed weapons package that…

Canada finance minister sympathizes with Wall Street protests

OTTAWA — Anti-corporate demonstrators in New York on Thursday got a sympathetic nod from Canada’s chief moneyman, Jim Flaherty, who said he understood their “legitimate frustrations.” About 600 people have been camping out in New York’s Zuccotti Park more or less permanently since the Occupy Wall Street occupation was launched…

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