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Israel approves 1,100 more settlement homes

(Reuters) – Israel approved on Tuesday the construction of 1,100 homes for Jews on annexed land in the West Bank, a move that will complicate international efforts to renew peace talks and defuse a crisis over a Palestinian statehood bid at the United Nations. Palestinian President Mahmoud Abbas applied at…

BAE Systems to cut nearly 3,000 jobs

Arms manufacturer BAE Systems on Tuesday said it plans to axe almost 3,000 jobs in Britain, mainly at its military aircraft division, as governments slash their defence budgets. “Our customers are facing huge pressures on their defence budgets and affordability has become an increasing priority,” BAE Systems chief executive Ian…

U.S. hiker ‘hid Israeli father from Iranian captors’

One of two US hikers freed from an Iranian jail where they were held for more than two years on charges of spying and illegal entry, has an Israeli father, Haaretz newspaper reported on Tuesday. Josh Fattal, who was released on Wednesday with fellow US hiker Shane Bauer, managed to…

Netanyahu suggests new settlement freeze unlikely

Israeli Prime Minister Benjamin Netanyahu suggested in an interview published Tuesday that he would not seek to lure the Palestinians back to peace talks by renewing a freeze on settlement building. “We already gave at the office,” Netanyahu told The Jerusalem Post, referring to a 10-month partial settlement freeze that…

Taliban insists it controls Haqqanis, not Pakistan

The Taliban took the unusual step of insisting that it, not Pakistan, controls the Haqqani network, with Islamabad under growing US pressure to cut alleged ties with the group. The militia on Tuesday advised Pakistan, historically perhaps its closest foreign ally, to prioritise “Islamic and national” interests and stand firm…

Goldman Sachs eyes major cuts: report

Goldman Sachs is mulling drastic spending cuts as it braces for what could be one of its worst quarterly reports since it went public more than a decade ago, the New York Times reported Tuesday. After Goldman set out this summer to cut costs by $1.2 billion by mid-2012, including…

World stocks surge on eurozone debt hopes

Global stocks rallied for a second day with a strong advance in Europe and Asia on Tuesday on signs that EU and world leaders are preparing a blockbuster response to the eurozone debt crisis. The euro steadied against the dollar as Greek Prime Minister George Papandreou headed for talks with…

Twitter opening international base in Ireland

Twitter, the San Francisco-based micro-blogging website, is to open an international office in Dublin, the Irish Industrial Development Agency announced — in a tweet. “Ireland is trending. Twitter to establish international office in Dublin,” the message said. Twitter joins a band of high-profile technology and computer multinationals with bases in…

Greece makes ‘superhuman effort’ to slash debt

Greece is making a “superhuman effort” to slash debt, Prime Minister George Papandreou said Tuesday as he prepared to meet German Chancellor Angela Merkel for crunch talks on tackling the eurozone crisis. Papandreou hit out at Greece’s critics, saying that to single out Athens for “punishment and scorn” was anything…

Strauss-Kahn claims immunity in U.S. civil case

NEW YORK — Dominique Strauss-Kahn claimed immunity Monday as he sought the dismissal of a US civil case, accusing a hotel maid of inventing sexual assault claims that derailed his efforts to right the global economy. “As managing director, which is the chief executive position at the IMF, Mr. Strauss-Kahn…

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