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/ 27 January 2008

Oil peak: A crude ruse?

‘We’re running out of oil!” We’ve been hearing this warning at least since the 1970s oil shocks, but recently it has been proclaimed with increasing insistence. The idea goes back to 1956, when Shell geologist M King Hubbert declared that the world had enough oil for only about 50 more years, writes Carmelo Ruiz-Marrero.

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/ 24 January 2008

Russia buys one of world’s most powerful computers

A Russian university has bought one of the world’s most powerful supercomputers, the first time that such sophisticated technology has been exported to the former Soviet Union, makers IBM said on Thursday. The Moscow State University has selected a Blue Gene device capable of 27,8-trillion operations per second to use in research on nanotechnology.

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/ 22 January 2008

Fed slashes US rates in bid to thwart recession

The United States Federal Reserve on Tuesday slashed a key interest rate by a hefty three-quarters of a percentage point, the biggest cut in more than 23 years, after a two-day global stocks rout sparked by fears of a US recession. ”The Fed is very, very, very worried,” said John Tierney, an analyst at Deutsche Bank.

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/ 9 January 2008

Tough to pump more oil, even at $100

Oil at a barrel should give exporters every incentive to pump more, but their difficulty in doing so shows the world is struggling to sustain production. A growing number of leading industry figures now question mainstream forecasts for supply, suggesting the era of ”plateau oil” is nearer than many had admitted.

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/ 4 January 2008

The new-generation space station

Some time before 2050, satellites collecting solar power and beaming it back to Earth will become a primary energy source, streaming terawatts of electricity continuously from space. That’s if you believe a recent report from the Pentagon’s National Security Space Office.

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/ 4 January 2008

The new-generation space station

Some time before 2050, satellites collecting solar power and beaming it back to Earth will become a primary energy source, streaming terawatts of electricity continuously from space. That’s if you believe a recent report from the Pentagon’s National Security Space Office.

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/ 2 January 2008

Gunmen kill US official in Sudan

Gunmen killed a United States government aid agency official and his driver in Khartoum on Tuesday, US and Sudanese officials said. The unknown assailants opened fire as the official from the US Agency for International Development was heading home in an embassy vehicle shortly after midnight on New Year’s Day, diplomatic sources said.

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/ 6 December 2007

To get to Paradise, some Americans go to Intercourse

In Texas, amorous couples get engaged in Loving — and then go to Looneyville via Hoop and Holler. Earth is also in Texas, and lies about 2 400km away from Mars and Venus, both in Pennsylvania. And the good people of Rising Sun, Maryland, probably have close ties to their kinfolk in Hot Coffee, Mississippi, Toast in North Carolina and Two Egg, Florida.

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/ 2 December 2007

Chávez for life? Venezuelans to vote on re-election

Venezuelans vote in a tightly contested referendum on Sunday on whether to allow left-wing President Hugo Chávez to stay in power for as long as he keeps winning elections or hand him his first defeat at the polls. The anti-American firebrand, who has easily won one election after another against a fragmented opposition, is in the hardest campaign of his life.

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/ 29 November 2007

Natwest Three plead guilty to $7,3m fraud

A trio of British bankers dubbed the ”Natwest Three” face 37 months in prison after pleading guilty to stealing ,3-million tied to the collapse of Enron. The men, who worked for Natwest’s investment banking arm, concocted a deal in 2000 with two senior Enron executives who have since been jailed.

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/ 28 November 2007

Vast Nazi archive opens to the public

A vast archive of German war records opened its doors to the public on Wednesday, giving historians and Holocaust survivors, who have waited more than 60 years, access to concentration-camp records detailing Nazi horrors. The 11 countries that oversee the archive have finished ratifying an accord unsealing about 50-million pages.

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/ 22 November 2007

Oil steady above $97

Oil steadied above a barrel on Thursday, after falling just shy of the milestone in the previous session, as the dollar tumbled to fresh record lows. United States light crude for January delivery was down one cent at ,28 a barrel by 2.40pm GMT. Oil briefly surged to a lifetime peak of ,29 a barrel on Wednesday.

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/ 15 November 2007

Pakistani caretaker government due

Pakistani President Pervez Musharraf is expected to appoint a caretaker government on Thursday to oversee elections he has promised for January but which the opposition say will be a sham under emergency rule. ”We don’t expect fair and free elections under General Musharraf and his mini martial law,” said Farhatullah Babar, an opposition spokesperson.

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/ 8 November 2007

Oil resumes march to $100

Oil recouped early losses to resume its march towards the -milestone on Thursday as resurfacing worries of tight winter supplies and continuing dollar weakness put the brakes on some early profit-taking. By 12.57pm GMT, United States crude for December delivery stood 57 cents up at ,94.

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/ 7 November 2007

Oil crosses $98 a barrel

Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries’s apparent reluctance to pump more crude into the market also boosted prices.

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/ 12 October 2007

HRW: US should halt funds for homophobic Uganda

The United States should reconsider funding anti-HIV/Aids strategies in Uganda, where recipients of such money violate the rights of homosexuals, Human Rights Watch (HRW) has said. The watchdog group, in a letter to US officials on Thursday, said Ugandan officials and the media have intensified attacks on the rights of lesbian, gay, bisexual and transgender people.

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/ 11 October 2007

Baghdad shooting victims sue Blackwater in US

An injured survivor and relatives of three Iraqis killed in Baghdad on September 16 when employees of private security company Blackwater USA opened fire on civilians sued the firm in a United States court on Thursday. The Centre for Constitutional Rights said it filed the suit charging that Blackwater and its affiliates violated US law in committing ”extrajudicial killings and war crimes”.

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/ 10 October 2007

Outraged Iraqis condemn killings by foreign guards

Iraqi authorities on Wednesday condemned the killing in Baghdad of two women by foreign security guards, as the firm which hired the contractors defended its action. Tuesday’s bloodbath comes just days after Iraq vowed to punish United States security firm Blackwater after a probe found that its guards opened "deliberate" fire in Baghdad three weeks ago.

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/ 8 October 2007

Iraq vows to punish Blackwater guards

Iraq has vowed to punish United States security firm Blackwater after a probe found that its guards were not provoked when they opened ”deliberate” fire in Baghdad three weeks ago, killing 17 civilians. The US embassy was tight-lipped on Monday on whether those involved in the September 16 killings would be handed over for prosecution.

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/ 5 October 2007

Bush: US does not use torture

President George Bush said on Friday that the United States does not use torture during interrogations, amid renewed debate about his administration’s methods in the war on terror. ”This government does not torture people. We stick to US law and our international obligations,” Bush said.

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/ 29 September 2007

What’s in a name? Burma vs Myanmar

Burma or Myanmar? As the military regime has cracked down on pro-democracy protests in the Asian country this week, a war of words has flared again over what to call the troubled nation. The United States and the BBC prefer the old name, Burma, while the United Nations, Japan and other nations have adopted Myanmar.

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/ 25 September 2007

Ahmadinejad spars with academics in NY

Iranian President Mahmoud Ahmadinejad clashed with an United States university president who called him a ”petty and cruel dictator” at a forum on Monday where Ahmadinejad criticised Israel and the US and said Iran was a peaceful nation. Ahmadinejad also said in an appearance at Columbia University that Iran’s nuclear programme was purely peaceful.