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/ 5 November 2007

Wall Street cringes as Citigroup revives fears

Fear and mistrust gripped Wall Street on Monday after Citigroup’s CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a ”-trillion problem”. US stocks followed European shares lower, while safe-haven bonds rallied and even the downtrodden dollar ticked up.

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/ 5 November 2007

US space shuttle leaves space station

The United States space shuttle Discovery successfully undocked from the International Space Station (ISS) early on Monday to begin a journey back to Earth, space officials said. After saying goodbye and closing the hatches, Discovery crew members smoothly sailed away from the ISS at 10.30am GMT.

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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

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

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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/ 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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/ 22 October 2007

IMF chief warns dollar may suffer ‘abrupt fall’

The head of the International Monetary Fund (IMF), Rodrigo Rato, warned on Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets. "There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss of confidence in dollar assets," Rato told the IMF board of governors.

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/ 21 October 2007

US executions on hold awaiting court ruling

A month after the United States Supreme Court agreed to wade into the lethal injection debate, executions are effectively on hold across the nation as courts and politicians sit tight. On September 25, the country’s highest court agreed to examine whether lethal injections are ”cruel and unusual” punishment.

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/ 18 October 2007

Bush urges China to meet with the Dalai Lama

President George Bush gave the Dalai Lama one of the highest United States honours on Wednesday and called on China to open talks with the exiled Tibetan spiritual leader whom Beijing reviles as a separatist. The Dalai Lama, accepting the Congressional Gold Medal from Bush and leaders of Congress, told a packed audience in the US Capitol that he had ”no hidden agenda”.

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/ 17 October 2007

IMF lowers its global growth forecast

The International Monetary Fund (IMF) on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the United States housing sector could crimp growth worldwide. The world economy is expected to expand 4,8% next year after a 5,2% pace projected for 2007, the IMF said.

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/ 13 October 2007

US fears threats to peace process in Sudan

The United States fears that attacks in Darfur and an impasse in implementation of a peace agreement in southern Sudan threaten peace efforts throughout the embattled North African country. The rebel Sudan People’s Liberation Movement accused the central government on Thursday of failing to abide by the peace agreement.

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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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/ 11 October 2007

Homeless man is chess king of Washington

He sleeps on a bench, but he is king of chess during the day at Washington’s Dupont Circle, where he dazzles beginners and masters alike with his winning moves on the park’s stone chessboards. Tom Murphy (49) makes what little money he has from teaching his prodigious knowledge of the game to passersby for a few dollars.

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/ 9 October 2007

Disgraced Jones hands back Olympic medals

United States sprinter Marion Jones handed over her five medals from the 2000 Olympic Games to an official of the United States Anti-Doping Agency (Usada) on Monday. Once the world’s fastest woman, Jones was hailed as the queen of the Sydney Games, where she won three gold medals, including the 100m, as well as two bronze medals.

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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.