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/ 4 November 2007

Citigroup CEO Prince to resign

Citigroup chief executive Charles Prince plans to resign this weekend, the Wall Street Journal said on Friday, as the widening subprime mortgage crisis brings to an end the reign of Sanford Weill’s troubled successor. The largest United States bank by assets plans to hold an emergency board meeting on Sunday, at which Prince will step down.

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/ 1 November 2007

Hollywood studios, writers hit stalemate in talks

With hours to go before their contract was set to expire, Hollywood screenwriters and studios deadlocked on Wednesday in talks aimed at averting the first major strike against the film and TV industry in 20 years. It was unclear what would happen next, but leaders of the Writers Guild of America have ruled out declaring an immediate walkout.

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/ 1 November 2007

Rice tries to close gap in Israeli-Palestinian talks

United States Secretary of State Condoleezza Rice meets Israeli and Palestinian leaders this weekend to craft a joint document ahead of a peace conference but she has intentionally set expectations low. US officials expect Rice’s visit will result in a document filled with principles to kick off negotiations on a Palestinian state.

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/ 1 November 2007

US astronomers spot massive black hole

United States astronomers have discovered the biggest black hole orbiting a star 1,8-million light-years from Earth in the constellation Cassiopeia, with a record-setting mass of 24 to 33 times that of our Sun, Nasa said on Tuesday. The massive newcomer beats the previous stellar-mass black hole discovered on October 17 in the M33 galaxy that has 16 times the mass of our Sun.

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/ 31 October 2007

Nasa crew ready to tackle station problems

Nasa scrambled on Wednesday to deal with two power problems at the International Space Station that could delay future missions and make it even harder to finish building the orbiting outpost before the space shuttles must be retired. Both issues competed for the precious little spacewalking time that’s left in Discovery‘s mission.

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/ 31 October 2007

Major powers to meet on Iran this week

Major powers plan to meet in London this week to discuss new sanctions on Iran amid a spat between Washington and the United Nations over Tehran’s nuclear ambitions, United States officials said on Tuesday. Iranian President Mahmoud Ahmadinejad said in a speech on Tuesday that Iran would not retreat in the dispute.

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/ 30 October 2007

UN extends sanctions on Côte d’Ivoire

The United Nations Security Council renewed arms and diamond sanctions against Côte d’Ivoire on Monday in a bid to make the West African country stick to the terms of a peace process. A resolution passed by the council extended the sanctions for a further year but promised to review them during that period.

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/ 30 October 2007

Sarkozy shows his temper to US audience

French President Nicolas Sarkozy showed flashes of temper and abruptly terminated a television interview aimed at introducing him to United States audiences. In the interview with CBS’ 60 Minutes, Sarkozy sparred with the correspondent, called his press secretary an imbecile, said he was too busy to make time for a ”stupid” interview.

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/ 29 October 2007

Fire-weary Californians mull next step

A week after a half-million people fled southern California’s wildfires, shelters began closing and residents were figuring out what to do next — even as firefighters kept a wary eye on the possibility of strong winds developing later in the week. The flames destroyed more than 2 000 homes.

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/ 29 October 2007

Dogs shoot man on hunting trip

A pack of hunting dogs shot an Iowa man as he went to retrieve a fallen pheasant, authorities said. James Harris (37) was shot in the leg while hunting with some friends on Friday afternoon, a day before pheasant season officially opened. Harris was treated at a regional medical centre.

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/ 29 October 2007

Merrill Lynch board weighs fate of CEO

As Merrill Lynch’s board deliberates the fate of chairperson and chief executive Stan O’Neal, a leading contender for the job on Sunday said he is not aware of being a candidate. Meanwhile, Merrill’s board has reached a broad consensus to remove O’Neal as chairperson and CEO, the New York Times reported on Sunday.

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/ 28 October 2007

Retreating California fires leave smoke hazard

Firefighters tightened their grip on California’s wildfires with the help of cooler weather, but a threat remained on Sunday of health hazards from choking plumes of smoke over the region. Cooler temperatures, calmer winds and spots of drizzle allowed firefighters to staunch or contain most of the 23 fires that have erupted since last Sunday.

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/ 27 October 2007

Nobel DNA pioneer Arthur Kornberg dies at 89

United States biochemist Arthur Kornberg, who won a Nobel Prize for shedding light on the construction of human DNA, died on October 26 at the age of 89, Stanford University said. "Dr Kornberg was one of the most distinguished and remarkable scientists in American medicine," the head of the California university’s medical school, Philip Pizzo, said in a statement.

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/ 27 October 2007

Oil price hits record high on Iran tensions

World oil prices surged to historic highs on Friday, breaching $92 for the first time in New York amid rising tension in crude-rich Iran and tightening United States energy supplies. New York’s main futures contract, light sweet crude for delivery in December, soared to a record intraday high of $92,22 per barrel.

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/ 26 October 2007

Apple sets Leopard operating software loose on Friday

Apple’s upgraded Leopard operating system will be set loose on Friday as trend-setting iPods and iPhones cause the ranks of Macintosh computer lovers to swell. Eagerly-awaited by Apple’s notoriously cultish followers, Leopard’s release was delayed so the company’s engineers could devote their time to getting iPhones to market in the United States in June.

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/ 25 October 2007

US slaps new sanctions on Iran’s military

Ratcheting up the pressure on Tehran, the United States on Thursday designated Iran’s Revolutionary Guard Corps a proliferater of weapons of mass destruction and its elite Qods force a supporter of terrorism. In total, Washington slapped sanctions on more than 20 Iranian companies, major banks and individuals as well as the Defence Ministry.

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/ 25 October 2007

Break in weather slows California wildfires

California wildfires that have destroyed 1 300 homes and forced the evacuation of 500 000 people raged into a fifth day on Thursday, but firefighters seized on a break in the weather to largely halt the march of destruction. About 15 fires still blazed across the southern part of the state, lighting up the night sky.

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/ 24 October 2007

500 000 forced to flee California wildfires

Fierce wildfires raged across Southern California on Tuesday, threatening more than 60 000 homes as night fell and forcing half a million people to flee in the state’s largest evacuation. California’s worst fires in four years tormented the San Diego area in the south and threatened mountain communities further north.

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/ 23 October 2007

Space shuttle Discovery blasts off in US

The United States space shuttle Discovery blasted off on a pillar of fire on Tuesday, soaring above Florida marshlands toward a rendezvous in two days with the International Space Station. Discovery‘s 14-day mission kicks off a two-month refurbishment of the -billion outpost that prepares the way for Europe’s first permanent laboratory in orbit.