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/ 24 March 2008

Oil prices drop amid US economic concerns

Oil prices slipped more than a barrel on Monday as traders worried that the flagging United States economy would cause oil demand to soften. Oil’s sharp decline started last week. Crude futures started plunging after the US Federal Reserve-backed sale of Bear Stearns to JPMorgan Chase created fears of deeper economic problems.

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/ 24 March 2008

Pakistan Parliament votes for new leader

Pakistan’s Parliament prepared on Monday to elect a new prime minister as the coalition government appeared set for a confrontation with key United States ally President Pervez Musharraf. Yousuf Raza Gilani, the candidate nominated by the party of slain opposition leader Benazir Bhutto, is a virtual certainty to win.

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/ 24 March 2008

Mali rebels hold soldiers hostage

Rebels in northern Mali are holding about 30 soldiers hostage following an attack last week, military officials said on Sunday. Ethnic Tuareg rebels raided a military convoy in the desert Kidal region last week, taking several dozen troops hostage, a military official said on condition of anonymity because he was not an authorised spokesperson.

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/ 24 March 2008

New wave of deadly violence hits Mogadishu

At least five people, including a child, were killed on Sunday in a new wave of violence in the Somali capital, Mogadishu, witnesses said. ”I saw armed men opening fire at policemen at Debka interception. Three policemen and a doctor who worked in a clinic nearby were killed,” witness Farah Hasan Sahal said in southern Mogadishu.

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/ 24 March 2008

Tsvangirai draws record rally crowd

President Robert Mugabe on Sunday vowed that his main political rival would never rule Zimbabwe, as the opposition raised concerns that the governing party would rig the March 29 ballot. Meanwhile, opposition Movement for Democratic Change leader Morgan Tsvangirai drew the biggest crowd so far in the election campaign.

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/ 24 March 2008

New look for Eiffel Tower

The elegant, tapering signature of the Eiffel Tower is to be reshaped, altering the skyline of Paris, in time for the structure’s 120th anniversary next year, the Société d’exploitation de la Tour Eiffel has just announced. Serero Architects of Paris has won the competition to redesign the structure’s public viewing platform and reception areas.