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Regulators looking at ways to cap big banks: source

LONDON (Reuters) – Global banking regulators are discussing how to use extra capital cushions as a means of stopping very big lenders getting even larger, a source familiar with the talks said on Friday. World leaders have asked the Basel Committee on Banking Supervision to flesh out a package of…

Clinton, Sarkozy, Cameron meet to prepare response to Libya

PARIS (Reuters) – World leaders gathered in Paris on Saturday to discuss a coordinated military intervention in Libya, where Muammar Gaddafi defied the West with an advance into the rebel stronghold of Benghazi. U.S. Secretary of State Hillary Clinton, British Prime Minister David Cameron and French President Nicolas Sarkozy met privately and then sat down with Arab leaders, an African…

Iraq prison riot leaves 2 dead, 14 wounded

TIKRIT, Iraq (Reuters) – Two inmates were killed and 14 people were wounded in a prison riot Sunday in Tikrit, the home city of former Iraqi leader Saddam Hussein, a police source said. Seven policemen and seven inmates were among the wounded in the riot, at the central prison for Salahuddin province,…

North Korea digging tunnels for likely nuclear test: report

SEOUL (Reuters) – North Korea is digging tunnels at a site where it has launched two nuclear tests, suggesting it is preparing a third, the South’s Yonhap news agency said on Sunday, a development which would trigger concern across the region. Tensions rose on the divided peninsula when 46 sailors…

Kadhafi loyalists vow to snuff out protests

TRIPOLI (AFP) – Moamer Kadhafi’s regime vowed on Friday to snuff out attempts to challenge the Libyan leader, after an opposition “day of anger” became a bloodbath and two policemen were reported hanged by protesters. According to a toll compiled by AFP from different local sources, at least 41 people…

Abbas’ Palestinian cabinet to resign amid Arab revolutions, sources say

RAMALLAH, West Bank – The Palestinian cabinet will tender resignations Monday after which Prime Minister Salam Fayyad will select new ministers at the request of President Mahmoud Abbas, political sources said. The shake-up, disclosed to Reuters Sunday, was long demanded by Fayyad and some in Abbas’s Fatah faction. It follows…

Fox hosts slam ‘anti-Semitic, anti-American’ al-Jazeera amid Egypt protests

Perhaps Bill O’Reilly is worried that al-Jazeera upstaged his own network in covering the uprising in Egypt. As Americans flocked to the Middle East-based news network (or at least its website) in unprecedented numbers, and many praised the network for giving the Arab world a source of news not controlled…

NY Times dishes on ‘manipulative, volatile’ Assange

WASHINGTON — WikiLeaks founder Julian Assange resembles a character from a detective novel and is “elusive, manipulative and volatile,” the executive editor of The New York Times says in an upcoming book. “Open Secrets: WikiLeaks, War and American Diplomacy,” a digital book featuring an introduction by Times executive editor Bill…

US sends first ambassador to Syria since 2005 rift

DAMASCUS – Robert Ford, the first US ambassador to Syria since 2005, arrived Sunday in Damascus on a challenging mission to re-engage the two countries which disagree on a raft of important issues. “United States Ambassador to Syria Robert Ford arrived in Damascus today in the afternoon,” the embassy said…

Hezbollah and allies to topple Lebanon govenment: source

BEIRUT (Reuters) – Ministers from Lebanon’s Hezbollah movement and its political allies will resign on Wednesday, forcing the collapse of Prime Minister Saad al-Hariri’s government, political sources said. “The resignation statement has been written and will be announced at 4.30 p.m. (10:30 a.m. ET),” said a senior political source, who…

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