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Bank of America to sell China bank stake for $8.3 billion

CHARLOTTE, N.C./HONG KONG (Reuters) – Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital. A group of investors is buying 13.1 billion CCB shares from Bank of America, with the deal expected to close…

Libya leader gives Gaddafi forces surrender deadline

TRIPOLI (Reuters) – Libya’s interim leader on Tuesday gave forces loyal to deposed ruler Muammar Gaddafi a four-day deadline to surrender towns still under their control or face military force. As the hunt for Gaddafi himself goes on, Libyan officials accused neighboringAlgeria of an act of aggression for admitting his fleeing wife and…

Gunman kills five in Lebanon cemetery

A man shot dead five members of the same family who had gathered in a Lebanon cemetery on Tuesday to mark the end of Ramadan, a security official said, adding that it was over a land dispute. The family had gone to the cemetery at a village in the east…

China urges end to ‘cancer’ of online rumors

China’s state news agency called on Internet sites Tuesday to stop the “cancer” of online rumours, in the latest sign of official unease over the rising popularity of social networking sites. The Xinhua news agency’s call for an end to online “rumour-mongering” came days after a similar warning from a…

Melbourne named world’s most liveable city

Melbourne has edged out long-time front-runner Vancouver to be rated the world’s most liveable city, a worldwide survey from the Economist Intelligence Unit said Tuesday. The Australian metropolis topped the Global Liveability Survey’s ranking of 140 cities worldwide, ahead of Canada’s Vancouver which dominated the rankings for almost a decade…

Strauss-Kahn apologizes to IMF staff: witness

Former International Monetary Fund chief Dominique Strauss-Kahn apologized to staff at the Washington-based lender, a witness said, after sexual assault charges against him were dropped. Strauss-Kahn told staff he had come to “apologize to those who have been hurt” by the scandal, and said he was sorry the sensational case…

Obama uncle arrested on drink drive charge: police

An uncle of President Barack Obama was arrested last week near Boston on a charge of drunk driving, police said. Onyango Obama was arrested in Framingham, Massachusetts, on August 24 and charged in Framingham District Court with operating a vehicle under the influence of alcohol. At the time of his…

Study links medieval Black Death to present plague

A much less virulent version of the Black Death plague that killed a third of Europe’s population in the 14th century is still present today, according to a study published Tuesday. DNA testing on the skeletons of plague victims unearthed in a medieval London mass grave reveals part of the…

Unethical US research killed 83 in Guatemala: panel

At least 83 people died as human guinea pigs in macabre US research on sexually transmitted diseases in Guatemala in the 1940s, a commission ordered by President Barack Obama concluded. Nearly 5,500 people were subjected to diagnostic testing and more than 1,300 were exposed to venereal diseases by human contact…

US Muslims ‘happy with life despite discrimination’

US Muslims are far more satisfied with the direction of their country than most Americans even though nearly half of them have faced discrimination and prejudice in the past year, a poll found Tuesday. The survey was conducted ahead of the 10th anniversary of the September 11 attacks and aimed…

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