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China says ‘firmly opposes’ U.S. Senate currency bill

China said Tuesday it “firmly opposed” a US Senate bill aimed at punishing Beijing for its alleged currency manipulation, which is expected to make its final passage later this week. The bill — which comes 13 months ahead of US elections in which high unemployment is likely to be an issue — sets…

Pentagon chief in bid to defuse Egypt-Israel tensions

US Defence Secretary Leon Panetta was headed to Cairo from Tel Aviv on Tuesday in an effort to defuse tensions between Egypt andIsrael that have mounted since the end of Hosni Mubarak’s rule. Before flying out after a one-day visit to Israel, Panetta said he will seek to encourage both sides to ease friction…

Russia’s Putin promotes ‘Eurasian Union’ in rare article

Russian Prime Minister Vladimir Putin called for the unification ofpost-Soviet states into a “Eurasian Union” in an article published Tuesday on the announcement of his planned return to the Kremlin. Putin’s article in the Izvestia daily outlining a grand project to integrate post-Soviet states into closer cooperation comes five months before polls…

Nuclear experts to help Fukushima decontamination

The UN atomic agency IAEA said Tuesday it was sending 12international experts to Japan on October 7-15 to assist the country with clean-up efforts after the nuclear accident of Fukushima in March. The experts “will go to several locations in the Fukushima Prefecture and conduct meetings in Tokyo with Japanese officials to provide assistance to Japan in its plans…

Europe urges Greece to do more, delays bailout cash

Europe delayed the release of bailout funds to Greece on Tuesday, demanding Athens make more sacrifices and warning banks may have to share more of the pain in the crisis threatening theeurozone. Stock markets tumbled after European finance ministers said Greece could wait until early November to receive 8.0 billion euros, the next…

Deutsche Bank abandons 2011 profit targets

Deutsche Bank, Germany’s largest bank, said Tuesday it will miss itsprofit target for the current year in face of the financial market turbulence. The announcement sent Deutsche Bank shares into a tailspin on theFrankfurt stock exchange, where they were among the biggest losers, shedding 1.56 euros or 6.1 percent to 24.18…

Trio win Nobel Physics Prize for supernovae research

Researchers Saul Perlmutter and Adam Riess of the United States and US-Australian Brian Schmidt won the 2011 Nobel Physics PrizeTuesday for their research on supernovae, the Nobel jury said. “They have studied several dozen exploding stars, called supernovae, and discovered that the universe is expanding at an ever-accelerating rate,” it said, adding that their discovery had…

China’s Nobel laureate leaves jail briefly: brother

China’s jailed Nobel Peace Prize laureate Liu Xiaobo was briefly allowed out of prison last month after his father died, his brother told AFP, in an unusual break in the dissident’s 11-year term. Liu Xiaoxuan said his elder brother “was sent back home on September 18″ to mark the seventh…

Mexico envoy rejects Perry idea of sending U.S. troops

Mexico’s ambassador to the United States rejected a suggestion by Republican White House hopeful Rick Perry that US troops could be sent over the border to quell Mexico’s escalating drug wars. “The issue of participation, or the presence of, US troops on Mexican soil is not on the table,” the…

Asia leads world in child-labor products: report

India, Bangladesh and the Philippines lead the world in the number of products made by child workers, a US government stock-taking of the global scale of underaged labor revealed. Some 130 types of goods — from building bricks and soccer balls to pornography and rare ores used in cellphones —…

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