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Germany ‘won’t give more to EU bail-out fund’

German Finance Minister Wolfgang Schaeuble ruled out Germany contributing any more money to the beefed-up EU bail-out fund than the 211 billion euros approved by parliament, in an interview published Saturday. “The European Financial Stability Facility has a ceiling of 440 billion euros ($590 billion), 211 billion of which is…

Obama hails death of radical cleric as ‘major blow’

President Barack Obama said the killing of US-born cleric Anwar al-Awlaqi is a “major blow” to Al-Qaeda’s Yemeni outfit and vowed to be relentless in destroying global terror networks. In Sanaa, the defence ministry said Awlaqi, an Al-Qaeda leader wanted over attacks in the US, was killed on Friday morning, while a man…

Plane flies into ferris wheel in Australia

An ultralight plane crashed into a ferris wheel at a small town fair in Australia, narrowly missing two children, and dangled from the structure for hours before its occupants could be rescued. Locals were stunned on Saturday to see the Cheetah S200 fly into the ferris wheel at the Old…

World stocks post worst quarter in 3 years

NEW YORK (Reuters) – Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe’s debt crisis. The euro and most commodity prices also fell as investors’ search for safety drove up U.S.…

U.S. dismisses Iran’s nuclear offer as ‘empty promises’

Iran’s offer offer to halt production of low enriched uranium is not credible because the Islamic republic has a record of making “empty promises,” the United States said Friday. Iranian President Mahmoud Ahmadinejad told The New York Times last week that his country had offered to stop its production of…

Arab Spring, Obama, China: Nobel committee chair speaks out

The Norwegian Nobel Committee met Friday to pick the 2011 peace prize winner, with the committee chair telling AFP this year’s choice was a relatively easy one, amid speculation Arab Spring actors could win. “It has not been particularly difficult this year (to decide on a winner),” Thorbjoern Jagland said…

Protesters declare sit-in in Cairo’s Tahrir Square

Protesters in Cairo’s Tahrir Square launched a sit-in on Friday following a rally to reclaim the revolution amid anger over the military rulers’ handling of the transition. Thousands had flocked to the epicentre of protests that toppled president Hosni Mubarak in February to demand an end to military trials of…

Nestle designs TV ad to appeal directly to dogs

GENEVA — The world’s biggest food company Nestle is seeking to conquer the dog food market with special advertising targeted at men’s best friend. “Nestle Purina has created the first-ever television commercial especially for dogs,” it said in a statement. “The TV commercial to be screened on Austrian television uses…

Blackwater looking to return to Iraq

Four years after Blackwater’s license to operate in Iraq was revoked over the killing of 17 Iraqis, Xe Services LLC — the company formerly known as Blackwater — wants to return to the country. In an interview published Thursday, Xe President and Chief Executive Ted Wright told The Wall Street…

U.N. court acquits two ex-ministers of genocide

(Reuters) – The U.N. war crimes tribunal for Rwanda on Friday acquitted two former Rwandan ministers of genocide charges, making them among the most high profile officials to be found not guilty of playing key roles in the 1994 slaughter of about 800,000 people. The International Criminal Tribunal for Rwanda…

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