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The eurozone is likely to slip back into recession next year, according to a report by Ernst & Young.
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GENEVA — International scientists said on Tuesday they had found signs of the Higgs boson, an elementary sub-atomic particle believed to have played a vital role in the creation of the universe after the Big Bang.
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TRIPOLI — France will release 230 million euros to Libyan authorities in the next few days and help them recover the rest of their frozen assets, French Foreign Minister Alain Juppe said on a visit to Tripoli yesterday.
Libya's leadership has expressed growing frustration that, three months after Muammar Gaddafi was overthrown, only a fraction of the frozen assets, estimated at $150 billion, have been released to pay for wages and rebuilding the country.
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LONDON — Insurer Old Mutual is to sell its Nordic business at a paper loss to Skandia Liv for 22,5 billion Swedish crowns ($3,2bn) to cut debt and return surplus capital from the deal to shareholders.
The businesses being sold comprise Old Mutual's long-term savings and banking operations in Denmark, Norway and Sweden operating under the Skandia brand.
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Singapore — Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses yesterday, as fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and seek shelter in the dollar.
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ALGIERS — A lawyer for Muammar Gaddafi's daughter said on Wednesday he had written to the prosecutor of the International Criminal Court (ICC) to ask if an investigation had been launched into the killing of her father and brother.
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Pretoria — There is no credible evidence to prove that re-introducing the death penalty in South Africa will reduce crime, President Jacob Zuma said yesterday.
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Kinshasa - Democratic Republic of Congo president Joseph Kabila has accused critics of failing to understand the country, adding that the results of the polls were not in doubt despite some "mistakes".
At a news conference on Tuesday, Kabila said: "People should appreciate that, over a period of ten years we have, as promised, managed to organise elections.”
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MOSCOW — Vladimir Putin dismissed calls to rerun a parliamentary election in a marathon phone call-in on Russian television yesterday and ignored most of the demands of protesters complaining of electoral fraud and demanding an end to his 12-year rule.
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Jacques Chirac, the former French president, has been handed a two-year suspended prison sentence after being convicted on two charges in a long-running corruption trial.
Chirac, who led France from 1995 to 2007, was found guilty of diverting public funds and abuse of trust over two cases in which prosecutors said he had paid members of his former party for municipal jobs that did not exist.
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US defence chief Leon Panetta has officially ended the US's military presence in Iraq by saying that "the dream of an independent and sovereign Iraq is now a reality" at a ceremony at the US military headquarters in Baghdad.
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More than 70 Syrian army commanders and officials have been named by former soldiers as having ordered attacks on unarmed protesters in that country, a US-based rights group says.
The report from Human Rights Watch names 74 commanders and military and intelligence officials as having allegedly "ordered, authorised, or condoned widespread killings, torture, and unlawful arrests" during the country's nine-month uprising against President Bashar al-Assad's government.
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CAIRO — Egyptians voting yesterday said they felt empowered by the first free election after Hosni Mubarak's 30-year rule, a poll likely to give Islamists the upper hand in a parliament that will help shape Egypt's new constitution.
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LUSAKA — Zambia will raise its planned eurobond to $700 million from $500 million as it expects high investor appetite for the debt, Finance Minister Alexander Chikwanda said yesterday.
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