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World stocks post worst quarter in 3 years

NEW YORK (Reuters) – Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe’s debt crisis. The euro and most commodity prices also fell as investors’ search for safety drove up U.S.…

U.S. dismisses Iran’s nuclear offer as ‘empty promises’

Iran’s offer offer to halt production of low enriched uranium is not credible because the Islamic republic has a record of making “empty promises,” the United States said Friday. Iranian President Mahmoud Ahmadinejad told The New York Times last week that his country had offered to stop its production of…

Arab Spring, Obama, China: Nobel committee chair speaks out

The Norwegian Nobel Committee met Friday to pick the 2011 peace prize winner, with the committee chair telling AFP this year’s choice was a relatively easy one, amid speculation Arab Spring actors could win. “It has not been particularly difficult this year (to decide on a winner),” Thorbjoern Jagland said…

Protesters declare sit-in in Cairo’s Tahrir Square

Protesters in Cairo’s Tahrir Square launched a sit-in on Friday following a rally to reclaim the revolution amid anger over the military rulers’ handling of the transition. Thousands had flocked to the epicentre of protests that toppled president Hosni Mubarak in February to demand an end to military trials of…

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