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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 —…

Europe puts off Greece verdict, demands spending cuts

Europe again put off a decision on unblocking promised loans to Greece, ordering Athens to slash government spending, but ruled out Tuesday any default or eurozone exit. Eurozone chief Jean-Claude Juncker said a rescue fund to be used for a second Greek bailout, agreed in July but frozen with auditors…

Michael Lewis on Greek default: It would be ugly for awhile

Financial journalist Michael Lewis appeared Monday on MSNBC’s The Rachel Maddow Show to explain Europe’s financial crisis and how it could effect the United States. He said that if Greece defaults on its debt and abandons the euro, countries across Europe may be forced to bail out their own banks…

Italian appeals court clears Amanda Knox of murder

PERUGIA, Italy (Reuters) – An Italian court cleared 24-year-old American Amanda Knox and her former boyfriend of murdering British student Meredith Kercher in 2007 and ordered them to be set free on Monday after nearly four years in prison for a crime they always denied committing. Seattle native Knox and Italian computer student Raffaele Sollecito, had…

Arab bloggers debate role ahead of Nobel Peace Prize

Arab bloggers in Tunis on Monday discussed the role they played in the “Arab Spring,” just days before the announcement of the Nobel Peace Prize for which some among them are seen as frontrunners. As the meeting got underway in the country whose “Jasmine Revolution” kicked off the turmoil in…

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