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US, Russian Oil Giants Sign Exploration Deal

Posted August 30th, 2011 at 11:55 am (UTC-5)
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Two of the world’s largest energy companies have agreed to jointly search for oil in the Russian Arctic. U.S.-based Exxon Mobil — the world’s largest oil company — and Rosneft — the top Russian crude oil producer — signed a $3.2 billion agreement Tuesday. The companies said they plan to explore for oil in the […]

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Muslims Celebrate Eid al-Fitr

Posted August 30th, 2011 at 11:55 am (UTC-5)
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Muslims around the world are celebrating Eid al-Fitr, a three-day holiday that marks the end of the holy month of Ramadan. Observers of Islam in Egypt, Syria and several other Arab countries started marking the holiday Tuesday by crowding into mosques for prayers. Muslims in several non-Arab countries including Russia, Turkey and Afghanistan also began […]

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Zimbabwe Expels Libyan Ambassador

Posted August 30th, 2011 at 11:40 am (UTC-5)
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Zimbabwe has given Libya’s ambassador to Harare 72 hours to leave the country. Zimbabwe’s Foreign Minister Simbarashe Mumbengegwi said Tuesday the decision was made after the Libyan embassy declared its allegiance to Libya’s Transitional National Council. Last week during a protest, Ambassador Taher Elmagrahi and embassy staff members burned the flag used by Libyan leader […]

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Iran Reaches out to Libya’s TNC

Posted August 30th, 2011 at 11:35 am (UTC-5)
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Iran is making overtures to Libya’s rebels, announcing its first formal contact with Libya’s opposition Transitional National Council . According to a foreign ministry statement Tuesday, Foreign Minister Ali Akbar Salehi discussed bilateral relations and “issues of mutual interest” with TNC leader Mustafa Abdel Jalil. The statement says Jalil also called for the promotion of […]

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Murdoch’s News International Launches Probe Into All Its British Papers

Posted August 30th, 2011 at 11:30 am (UTC-5)
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Media mogul Rupert Murdoch’s British subsidiary, News International, has confirmed it is conducting a broad inquiry into reporting practices at all of the company’s British newspapers. This comes in the wake of the phone-hacking scandal that hit his now-defunct News of the World tabloid. Last month Murdoch closed down News of the World, once Britain’s […]

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Muslims Around Globe Celebrate Eid al-Fitr

Posted August 30th, 2011 at 11:15 am (UTC-5)
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Muslims around the world are celebrating Eid al-Fitr, a three-day holiday that marks the end of the holy month of Ramadan. Observers of Islam in Egypt, Syria and several other Arab countries started marking the holiday Tuesday by crowding into mosques for prayers. Muslims in several non-Arab countries, including Russia and Turkey, also began Eid […]

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Yemenis Mark Muslim Holiday by Calling for President’s Ouster

Posted August 30th, 2011 at 10:55 am (UTC-5)
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Anti-government activists in Yemen marked the holiday at the end of the Muslim holy month, Ramadan, by renewing calls for President Ali Abdullah Saleh’s resignation. Thousands of protesters rallied against the president on Tuesday during Eid al-Fitr celebrations. The protests come a day after Mr. Saleh again vowed to hold presidential elections and enact reforms. […]

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Libya’s Rebels Give 4-Day Ultimatum to Gadhafi Forces

Posted August 30th, 2011 at 10:55 am (UTC-5)
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Libya’s opposition Transitional National Council has announced a four-day deadline for forces loyal to Moammar Gadhafi in his hometown of Sirte to surrender. TNC leader Mustafa Abdel Jalil said Tuesday in the rebel-stronghold of Benghazi that rebels will resort to military action in Sirte if they get no indication by Saturday of a peaceful end […]

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US Consumers Grow More Pessimistic

Posted August 30th, 2011 at 10:50 am (UTC-5)
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U.S. consumer confidence fell sharply in August, hitting its lowest level in two years. Tuesday’s report from the Conference Board says consumers grew even more worried about jobs during the month. The business research group says consumers may have also been discouraged by the lengthy bout of political bickering in Washington over the debt ceiling, […]

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Finland Obstacle in Path of New Greek Bailout

Posted August 30th, 2011 at 10:45 am (UTC-5)
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Finland has thrown an obstacle in the path of Greece’s new $158 billion international bailout, demanding that it get collateral from Athens to secure its investment in the deal. Barely a month ago, the 17 nations that use the common euro currency agreed to Greece’s second round of financial assistance in two years to help […]

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