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Russia’s Putin leaves China with no gas deal

Russian Prime Minister Vladimir Putin left China on Wednesday after a visit that yielded $7 billion in trade pacts but no breakthrough on a long-delayed gas deal with the world’s top energy consumer. Putin held talks with his Chinese counterpart Wen Jiabao andPresident Hu Jintao in Beijing on his first foreign trip since he announced plans…

European stocks rally on hopes of Slovakia vote switch

European stocks rose and the euro hit a three-week dollar high on Wednesday as markets expected Slovakia to eventually back expansion of a eurozone bailout fund despite lawmakers voting against it. Traders shrugged off disappointing results from aluminium producer Alcoa, which kicked off the US earnings season overnight. After falling at the start of trading…

Clinton voices concern over Egypt violence

WASHINGTON — US Secretary of State Hillary Clinton voiced “deep concern” about deadly weekend violence that killed 25 people in Egypt, mainly Coptic Christians. Clinton phoned top Egyptian diplomat Mohamed Kamel Amr to convey “the need for the Egyptian government to ensure that the fundamental rights of all Egyptians are…

Rumsfeld urges Taiwan to clarify defense needs

TAIPEI — Former US defence secretary Donald Rumsfeld insisted on Tuesday that further United States arms sales to Taiwan were needed as China continued with its ambitious military modernisation plans. Rumsfeld, who considers himself “a longtime friend of Taiwan”, urged the island to keep seeking weapons from the US, and…

Nazi-looted painting found in Swiss museum

GENEVA — A painting looted from a Berlin Jewish family by Nazis has been found by US authorities at the Kunsthaus museum in Zurich, museum officials said Tuesday. Confirming a report by local media, the museum said that the painting was an 1887 portrait called Madame La Suire by Swiss…

Egypt’s deputy premier quits over deadly clashes

Egypt’s deputy prime minister resigned on Tuesday over clashes that killed 25 people, mainly Coptic Christians, amid mounting anger at the ruling military and calls for the premier to quit. Hazem al-Beblawi announced his resignation, saying that despite having no direct involvement in the clashes, the government ultimately bore responsibility…

OPEC cuts forecasts on weak global economy

The OPEC oil cartel cut its world demand forecasts for 2011 and 2012 for the third time in a row Tuesday, citing uncertainty in theglobal economy and weaker demand from China and India. The Organisation of Petroleum Exporting Countries reduced its 2011 estimate to 87.81 million barrels per day (bpd), although…

EU says eurozone needs ‘permanent’ austerity

The EU warned Tuesday that the eurozone requires permanent tough austerity measures if it is to cope with public debt set to crash through the 100-percent-of-GDP barrier and keep rising for many years. With an ageing population piling up social security and pension costs, the European Commission says a radical long-term correction is required to put public debt throughout the…

Israel ‘to legalize outposts on private Palestinian land’

Israeli Prime Minister Benjamin Netanyahu is seeking ways to legalise unauthorised settlement outposts built on privatePalestinian land, the Haaretz newspaper reported on Tuesday. According to the paper, Netanyahu told ministers from his rightwing Likud party on Sunday that he would order Justice Minister Yaakov Neeman to set up a task force to…

Iranian president criticizes student’s flogging

Iranian President Mahmoud Ahmadinejad spoke out Tuesday against the weekend flogging of a student convicted of insulting him, saying other, more powerful people criticised him with impunity, the presidency website said. “Since influential people can freely defame us, I disapprove of flogging a young man for insulting the president,” Ahmadinejad said…