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French government comes under cyber attack

PARIS (AFP) – The French finance ministry has shut down 10,000 computers after a "spectacular" cyber attack from hackers using Internet addresses in China, officials and reports said Monday.

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Kenyan producers hope rise in coffee prices will bring prosperity

NAIROBI (AFP) – Kenyan coffee producers are hoping that soaring global prices will end years of neglect, that saw output drop fourfold, and herald a new golden age for what was once the country's top export.

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White House says they may tap strategic oil reserves to ease gas prices

WASHINGTON (Reuters) - White House Chief of Staff William Daley said on Sunday the Obama administration was considering tapping into the U.S. strategic oil reserve as a way to help ease soaring oil prices.

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McCain claims iPad, iPhone are made in US

Sen. John McCain (R-AZ) believes Americans should buy products made in the US, but he seems a bit confused about what those products might be.

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Analyst warns oil prices could double in wake of Arab unrest

The price of a barrel of crude could double if the unrest in the Arab world deteriorates, oil trader turned British international development minister Alan Duncan warned Saturday.

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New York oil price hits new 2008 peak on Libya unrest

LONDON — New York oil briefly surged past $104 on Friday to strike the highest level for two and a half years, as traders reacted to worsening violence in Libya.

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Facebook valued at $65 billion in new investment

SAN FRANCISCO (Reuters) - Investment firm General Atlantic is investing in Facebook, valuing the leading social network at $65 billion, representing a 30 percent boost from its last big investment in January, according to a report on CNBC.

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South Korean websites targeted in cyber-attack

SEOUL (AFP) – South Korea issued a cyber security alert as the websites of 29 government and other agencies came under attack Friday, the Korea Communications Commission said.

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World food prices hit record highs amid oil jitters

ROME – World food prices have hit record highs and oil price spikes could push them even higher, the UN food agency warned on Thursday, as increasing violence in Libya sent jitters through commodity markets.

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Republicans target federal pollution regulations

Republicans introduced legislation to the House of Representatives and Senate on Thursday that would prevent the Environmental Protection Agency (EPA) from regulating greenhouse gas emissions.

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Spiders in fuel tank prompt Mazda recall

CHICAGO – Mazda has a creepy problem: a common spider species seems to have developed a hankering for making nests and weaving webs inside the engines of its sporty Mazda 6 sedan.

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Computer expert says US behind Stuxnet worm

LONG BEACH, California – A German computer security expert said Thursday he believes the United States and Israel's Mossad unleashed the malicious Stuxnet worm on Iran's nuclear program.

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World can handle choked oil supplies: Geithner

WASHINGTON – The world can pump enough extra oil and has enough stashed in reserve to limit price shocks from sustained turmoil in the Middle East, Treasury Secretary Timothy Geithner said Thursday.

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