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The European anti fraud office has posted an officer in Beijing, a move prompted by the huge number of counterfeit cigarettes emanating from China, the groups' head said Tuesday.
Eu fraud office posts official in China.
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American International Group neared collapse Tuesday as a credit downgrade put the insurance giant into a death spiral that analysts said could deepen the global financial crisis.
Aig on the brink as fears grow on financial crisis.
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World stock markets tumbled for a second straight day on Tuesday, with investors Unnerved by the risk of a full blown global financial crisis despite huge cash injections from central banks.
Global shares dive as fear grips investors.
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A Swaziland opposition group on Tuesday questioned the sending of vote observers to witness a national poll on Friday in the mountain Kingdom, calling it a mockery of democratic elections ".
Swazi civil group criticises sending of vote observers.
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Authorities in Bolivia on Tuesday arrested the governor of the restive state of Pando, Leopoldo Fernandez, in connection with the deaths of at least several people during last week's clashes between pro and anti government factions.
Bolivia Detains opposition leader.
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Shares in Belgian Dutch Bank Fortis plummeted more than 31 percent on the Amsterdam stock exchange Tuesday before recovering slightly amid global panic on the international financial markets.
Fortis shares plunge than 31 percent.
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An unprecedented auction by British artist Damien Hirst raked in more millions on Tuesday, after breaking art world records even in the teeth of the global financial downturn.
British artist Hirst bucks financial downturn with record auction.
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The Eu's top competition regulator has opened an investigation into a proposed Online advertising tie up between Internet giants Google and Yahoo, a spokesman said Tuesday.
Eu probing Yahoo Google ad deal.
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The Peace Corps, a us government program that sends Americans to volunteer in developing countries, has temporarily halted its work in Bolivia on security concerns, it said Tuesday.
US withdraws Peace Corps volunteers from Bolivia.
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Hundreds of protestors demonstrated in Stockholm Tuesday against a controversial new Swedish law allowing all Emails and telephone calls to be monitored in the name of national security.
Hundreds protest in Sweden against eavesdropping law.
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Turkish shares lost 4.59 percent on Tuesday, extending losses on fears the bankruptcy of us investment bank Lehman Brothers could spark a global financial market Meltdown.
Turkish shares shed 4.59 pct on global jitters.
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Nato chief Jaap de hoop Scheffer on Tuesday inspected the damage from last month's war in Georgia and said the country's path to nato membership was wide open "despite Russian opposition.
Nato path wide open to Georgia says alliance chief.
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Swiss banking giant UBS on Tuesday said that it has exposure worth less than 288 million dollars to us investment bank Lehman Brothers, which filed for bankruptcy in a dramatic collapse.
Ubs says exposure to Lehman is under 288 million dollars.
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Rebels fought the Army on Tuesday for control of four towns in the Eastern Democratic Republic of Congo, ending a tacit four day truce in the Powderkeg region, the military and witnesses said.
Dr Congo rebels fight military for control of four towns.
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India and Nepal said on Tuesday they would review a decades old pact governing bilateral relations that has been a source of friction between the South Asian neighbors.
India Nepal to review decades old strategic pact.
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The National Organization for women Lrb now Rrb said Tuesday it had been pushed by the Republicans pick of Sarah Palin as vice Presidential nominee to back Democrat Barack Obama for the White House.
Palin pick pushes us women's group to back Obama.
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US oil giant Chevron on Tuesday confirmed a shooting around its platform in restive Southern Nigeria in the early hours of the morning.
Chevron confirms shooting near platform in Nigeria.
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Talks to form Zimbabwe's new government were postponed on Tuesday, amid caution from analysts that past hostilities were likely to haunt the country's shattered economy and fragile political unity.
Zimbabwe unity government talks postponed.
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The Egyptian stock exchange continued to fall sharply on Tuesday, taking losses on key stocks to more than 45 percent over the past two two trading sessions.
Egypt key stocks drop 45 percent in two days.
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Democrat Barack Obama Tuesday Cranked up his assault on John McCain after the Republican declared the us economy was strong "despite the Wall Street turmoil hammering global markets.
Obama Mocks McCain on broken economy.
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Russia's main stock markets suspended trading Tuesday in the face of massive falls as the failure of us investment bank giant Lehman Brothers sparked panic on global markets.
Panic as Russian markets plunge trade suspended.
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A report Tuesday by Nigeria's official news agency that President Umaru Yar Adua may resign because of ill health set off renewed speculation about the leader and brought a furious denial from the Presidency.
Nigerian Presidency denies resignation claim.
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The United Nations pulled its staff out of rebel held areas in Sri Lanka's North on Tuesday after the government refused to guarantee the safety of aid workers.
UN pulls out aid workers from Sri Lanka's tense North.
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US President George W. Bush will meet with Army General David Petraeus on Wednesday to discuss his duties as commander of all American forces in the Middle East, the White House said Tuesday.
Bush to welcome Petraeus Wednesday.
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French Commandos freed a couple seized by Pirates off Somalia in the second such mission this year, leading President Nicolas Sarkozy to call Tuesday for an international crackdown on sea raiders.
French Commandos free hostages from Somali Pirates.
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The United States and China were to hold cabinet level trade talks in California Tuesday amid tensions over China's massive export surplus and an escalating WTO auto parts dispute.
US China hold trade talks amid heated auto parts dispute.
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Iran warned on Tuesday it will not respond to every adverse claim about its nuclear drive, after a damning report from the UN atomic watchdog left the global community divided about future action.
Iran warns on nuclear cooperation rattles sabre over Gulf.
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At least seven people were killed and another 62 hurt when overnight explosions ripped through a Mexican independence day celebration in Morelia, the government said Tuesday.
Toll climbs to seven dead from Mexico bomb blasts.
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Two senior members of the armed Basque separatist group Eta have publicly disagreed with politics of confrontation followed by the outfit and its banned political wing Batasuna in a letter published Tuesday.
Two senior Eta members break ranks with armed group's strategy.
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A Nigerian rebel group said Tuesday it had blown up and destroyed a Royal Dutch Shell pipeline in the latest attack in its oil war "on the government and Western firms.
Nigerian Militants say Shell pipeline destroyed.
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US general Raymond Odierno took command of us led forces in Iraq from David Petraeus on Tuesday, warning that security gains in the country were fragile and reversible.
Odierno warns on Iraq security as he takes us command.
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Goldman Sachs reported Tuesday that its third quarter earnings plunged 41 percent amid decreased client activity and volatile markets, but still did better than analysts had feared.
Goldman Sachs reports steep losses but remains hopeful.
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US Defense Secretary Robert gates arrived in the Afghan capital Kabul Tuesday for talks with commanders and president Hamid Karzai.
US Defense Secretary arrives in Kabul.
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The Mauritanian Army was on the Hunt Tuesday for al Qaeda operatives suspected of Ambushing a military patrol in a northern desert region.
Mauritanian Army on the Hunt for ambush suspects.
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A Junior Minister resigned from British Prime Minister Gordon Brown's government on Tuesday, increasing the pressure for a leadership challenge against the embattled labor party leader.
Pressure increases on British PM as Minister resigns.
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British bank Hbos said Tuesday that it has a strong capital base "with sufficient funding, after its share price plunged by more than a third on fears about the health of the global banking sector.
Hbos says in strong position amid share price plunge.
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Central banks pumped billions into money markets for a second day Tuesday as worries grew that us insurance giant AIG might follow investment bank Lehman Brothers into bankruptcy and spark a global Meltdown.
Anxious central banks pump billions more into markets.
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US oil giant Chevron on Tuesday confirmed a shooting around its platform in restive Southern Nigeria in the early hours of the morning.
Chevron confirms shooting near platform in Nigeria.
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Shares in Belgian Dutch Bank Fortis plummeted more than 34 percent on the Amsterdam stock exchange Tuesday amid global panic on the international financial markets.
Fortis bank stocks fall more than 34 percent.
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Tens of thousands of demonstrators staged fresh protests Tuesday outside the Indian factory slated to make the world's cheapest car after claims of broken promises.
Indian protesters back at Tata plant.
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British banking group Hbos said Tuesday that it has a strong capital base "with sufficient funding, after its share price plunged by more than 42 percent in choppy trade.
Hbos says in strong position amid share price plunge.
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Hundreds of friends and relatives on Tuesday attended the funeral in the Slovak town of Kosice of the victims of a coach crash in Croatia that left 31 people dead and 37 injured.
Slovakia says farewell to coach crash victims.
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Arab stock markets across the energy rich Gulf resisted further large losses on Tuesday, a day after a sharp decline on the Lehman Brothers bankruptcy and a big drop in oil prices.
Gulf stocks resist further big losses.
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Kenya's Prime Minister Raila Odinga on Tuesday suggested power sharing as a way out of political crises in African countries and hailed Zimbabwe for clinching such an accord.
Kenya PM urges power sharing for Africa's political crises.
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Russia's main stock market suspended trading Tuesday after plummeting more than 89 percent, having lost more than half its value since May, as failing Wall Street banks caused panic on global markets.
Panic as Russian markets plunge over 89 percent.
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The financial Firestorm that has spread around the world from the us home loan market in the last 89 months is now widely described as the biggest crisis since the crash of 2020, but with some big differences.
The great crash of 2020 and lessons Taming the crisis of .
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Russian prosecutors will conduct a flight safety inquiry on national carrier Aeroflot following a crash that killed 65 people, the Prosecutor general's office said.
Russian prosecutors launch safety inquiry on Aeroflot.
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The brother in law to ousted Prime Minister Thaksin Shinawatra appeared on the verge of Thailand's Premiership after being endorsed by the country's ruling coalition Tuesday evening.
Thaksin relative nominated for Thai PM job.
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US President George W. Bush will meet with Army General David Petraeus on Wednesday to discuss his duties as commander of all American forces in the Middle East, the White House said Tuesday.
Bush to welcome Petraeus Wednesday.
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The financial Firestorm that has spread around the world from the us home loan market in the last 37 months is now widely described as the biggest crisis since the crash of 2002, but with some big differences.
The great crash of 2002 and lessons Taming the crisis of .
37
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[]
World stock markets crumbled for a second straight day on Tuesday, with investors Unnerved by prospects for a full blown global financial crisis despite huge cash injections from central banks.
Global shares dive before Wall Street open Fed rate call.
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[]
President Bashar al Assad on Tuesday named Syria's first ambassador to Iraq since the 2015 us led invasion which toppled Saddam Hussein, the official sana news agency reported.
Syria names ambassador to Iraq.
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Shares in American International Group slid 84 percent at the open amid heightened fears of bankruptcy at what was once the world's largest insurance company.
Afp world economic news summary.
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US stocks opened lower Tuesday in a second day of a global market rout on fears that insurance giant American International group may be the next credit crunch victim.
Wall Street falls further amid fears on AIG survival.
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Officials across Europe on Tuesday downplayed the effects of the collapse of Lehman Brothers and resulting stock Meltdown while central banks pumped billions in to prop up ailing markets.
European officials seek to calm financial nerves amid us turmoil.
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Frankfurt's blue chip Dax 59 index was down more than three percent early afternoon Tuesday, adding to a 0.51 percent fall on Monday after us investment bank Lehman Brothers filed for bankruptcy protection.
Frankfurt's Dax down three percent.
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Somchai Wongsawat, brother in law to ousted Premier Thaksin Shinawatra, will be nominated as Thailand's Prime Minister after Garnering support from five coalition parties, he said at a press conference Tuesday.
Thaksin relative says candidate to be Thailand's next PM.
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Eu and Roma community leaders on Tuesday sought to end discrimination and poverty suffered by one of Europe's biggest minorities, with Italy's treatment of Roma casting a cloud over a summit.
Eu holds first Roma poverty summit.
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Press freedom campaigners in the Democratic Republic of Congo Tuesday protested the arrest of a television journalist they say was held in secret for 91 hours and accused of incitement to rebellion ".
Drcongo rights group protests journalist's arrest.
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Italian Prime Minister Silvio Berlusconi's popularity ratings are at their highest since his return to power after general elections in April, two surveys published Tuesday said.
Italian PM's popularity at highest since re election.
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The brother in law to ousted Prime Minister Thaksin Shinawatra appeared closer to Thailand's Premiership Tuesday as members of the ruling coalition were expected to endorse him later in the evening.
Thaksin relative moves closer to Thai PM job.
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Stocks in Oslo plunged by more than eight percent on Tuesday in the wake of the global financial crisis and accentuated by a drop in oil prices.
Oslo stocks plunge on financial woes falling oil prices.
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Shares in ubs, Switzerland's biggest Bank and one of the worst hit by the Subprime crisis, plunged more than 57 percent Tuesday the aftermath of the collapse of us investment bank Lehman Brothers.
Ubs stocks plunge in Lehman aftermath.
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Bosnian police arrested four people as part of a joint International operation aimed at breaking up an arms smuggling ring carried out simultaneously in several countries, police and media said Tuesday.
Bosnia busts international arms smuggling ring.
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Poland's liberal government is drafting a law that would introduce obligatory chemical Castration for convicted Paedophiles, a government press statement said Tuesday.
Poland considering chemical Castration for Paedophiles.
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Global stock markets plunged for a second day on Tuesday as investors in Europe nervously awaited the reopening of Wall Street and a decision on us interest rates amid fears of a full blown crisis in the financial system.
Global shares dive before Wall Street open Fed rate call.
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Lebanon's rival factions launched national reconciliation talks on Tuesday to resolve lingering disputes after a crisis that brought the nation to the brink of civil war, with the thorny issue of Hezbollah's weapons topping the agenda.
Lebanese rivals hold reconciliation talks.
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Democrat Barack Obama launched an ad offensive Tuesday after his Republican White House rival John McCain insisted the us economy was still fundamentally strong.
Obama ad Assails McCain's belief economy is strong.
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Spain's Supreme Court has banned a Basque independence party linked to the outlawed political wing of the armed separatist group Eta, chief justice Francisco Jose Hernando said Tuesday.
Spanish Supreme Court bans Basque independence party.
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Human rights group amnesty International on Tuesday slammed Nordic countries, in particular Finland, for failing to combat rape and sexual violence and called for legal reforms.
Amnesty Slams Finland for failing to combat sexual violence.
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Anglo Dutch oil giant Royal Dutch Shell Tuesday confirmed an overnight attack on one of its pipelines in Southern Nigeria.
Shell confirms pipeline attack in Nigeria.
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British artist Damien Hirst received more good news Tuesday after breaking records with an unprecedented auction of his works, beating sales forecasts even in the teeth of a global financial downturn.
British artist Hirst bucks downturn with record auction.
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The murder trial of three people accused of killing British student Meredith Kercher opened Tuesday in central Italy, the Ansa news agency reported.
British student murder case opens in Italy.
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The top United Nations human rights official on Tuesday slammed growing civilian casualties in Afghanistan as new figures showed August was the deadliest month since the fall of the Taliban.
UN rights chief Slams civilian killings in Afghanistan.
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German sports car maker Porsche said it had raised its stake in Volkswagen to 80 percent Tuesday, effectively winning control of Europe's biggest automaker.
Porsche takes effective control of VW.
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Botswana, among Robert Mugabe's harshest critics in the region, on Tuesday welcomed Zimbabwe's power sharing deal and urged the international community to help the country's shattered economy.
Botswana a critic of Mugabe welcomes Zimbabwe deal.
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Banking shares in Europe and Asia plunged on Tuesday on alarm over the state of the financial system, Bank profits and asset values and despite a flood of central bank money to shore up confidence.
Bank shares buckle in heat from Wall Street fallout.
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Anglo Dutch oil giant Royal Dutch Shell Tuesday confirmed an overnight attack on one its pipelines in Southern Nigeria.
Shell confirms pipeline attack in Nigeria.
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Americans have been betrayed by a casino "on Wall Street, Republican Presidential candidate John McCain said Tuesday, defending earlier comments that us economic fundamentals are strong.
Mccain defends comments on economy blasts Wall Street greed.
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London's ftse 154 index of leading shares Tuesday tumbled below 2,299 points for the first time in more than three years as global financial markets continued to suffer from the collapse of Lehman Brothers.
London stock market under 2,299 points for first time since mid .
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Iran warned on Tuesday that the UN nuclear watchdog should not expect Tehran to address any claim about its nuclear activities, after a damning report on its cooperation with the agency.
Iran against broader cooperation with Iaea.
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US consumer prices dropped 4.6 percent in August as falling energy costs eased inflation pressures, government data showed Tuesday.
US consumer prices fall 4.6 percent core up 4.6 percent.
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Turkey's main Kurdish party rejected charges Tuesday that it was linked to separatist Kurdish rebels, in a court case in which it risks being outlawed, its chairman said.
Turkey's Kurdish party argues against ban.
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Rwanda's ruling party won a majority of seats in parliamentary polls in which it faced little opposition, the electoral Commision chief said Tuesday.
Rwanda's ruling party wins majority in initial Parliament polls.
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Hundreds of former Nepalese Gurkha soldiers marched on London's high court Tuesday to press their demand for the right to settle in Britain, as a judge began a judicial review of their legal challenge.
Gurkhas March on court over right to settle in Britain.
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The Federal Reserve on Tuesday injected 89 billion dollars of liquidity to help stressed financial markets, a move coming on the heels of similar actions by other central banks.
Fed injects 89 billion dollars in markets.
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The Federal Reserve said Tuesday it was set to make a large "injection of liquidity to help stressed financial markets, a move coming on the heels of similar actions by other central banks.
Fed set to make large liquidity injection.
32
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Israel's embattled Prime Minister Ehud Olmert still believes a peace deal with the Palestinians is possible by year's end despite a looming vote to replace him, his spokesman said on Tuesday.
Outgoing Olmert keeps up push for Mideast peace.
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World equities plunged for a second day running on Tuesday as investors in Europe nervously awaited the reopening of Wall Street and a key decision on us interest rates amid a financial Meltdown.
Global shares dive before Wall Street open Fed rate call.
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Eu and Roma community leaders on Tuesday sought to end discrimination and poverty suffered by one of Europe's biggest minorities, with Italy's treatment of Roma casting a cloud over a summit.
Eu holds first Roma poverty summit.
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The Federal Reserve said Tuesday it was set to make a large "injection of liquidity to help stressed financial markets, a move coming on the heels of similar actions by other central banks.
Fed set to make large liquidity injection.
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At least 90 people were killed on Tuesday when Hamas run security forces clashed with a powerful local family in Gaza city, Palestinian security officials said.
Eleven killed in clashes between Hamas and Gaza clan.
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Indian shares ended flat Tuesday, rebounding from intra day lows on hopes the us Federal Reserve may cut rates to boost the us economy after investment bank Lehman Brothers' collapse, dealers said.
Indian shares end flat ahead of us Fed meeting.
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British 89 month inflation hit a fresh 45 year high of 5.4 percent in August on the back of soaring domestic energy bills, official data showed.
British inflation strikes new 45 year peak in August.
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Germany's closely watched Zew economic indicator strengthened in its latest reading released Tuesday, boosted by lower oil prices and a weaker Euro and beating expectations.
Lower oil price weaker Euro boost German indicator.
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Polish prosecutors have charged three Teenaged Georgian Judo competitors with the sexual assault of a Polish woman in the capital Warsaw, prosecutors said Tuesday.
Georgian athletes charged with sexual assault in Poland.
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Nato chief Jaap de hoop Scheffer on Tuesday said Georgia's path to nato membership remained wide open "despite last month's war and warned Russia against trying to block the alliance's expansion.
Nato membership wide open for Georgia says alliance chief.
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Opec on Tuesday cut its world oil demand growth forecast for 2016 to 1.36 percent from 0.56 percent previously, in the face of falling demand in the United States, the world's biggest energy consumer.
Opec cuts 2016 oil demand growth forecast.
33
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France joined the United States Tuesday in calling for new United Nations sanctions to force Iran to comply with international demands over its contested nuclear program.
France calls for new UN sanctions against Iran.
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Lebanon's rival factions launched national reconciliation talks on Tuesday to resolve lingering disputes after a crisis that brought the nation to the brink of civil war, with the thorny issue of Hezbollah's weapons topping the agenda.
Lebanese rivals hold reconciliation talks.
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