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China's central bank pledges global cooperation PDF Print E-mail
Sunday, 12 October 2008

AFP, BEIJING - China's central bank has pledged to continue international cooperation to tackle the global financial crisis and maintain market stability, according to state media.

The pledge on Friday came after China this week joined the US Federal Reserve, the European Central Bank and other major central banks to cut interest rates in response to the global financial turmoil and fears of a domestic slowdown.
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Morgan Stanley hangs on Mitsubishi's $9bn pledge PDF Print E-mail
Sunday, 12 October 2008

The American bank Morgan Stanley faces a critical weekend as it awaits a crucial $9bn investment from Japan's Mitsubishi bank to fend off a crisis of confidence among investors which is threatening its survival, reports The Guardian.

The 73-year-old firm has been battling persistent rumours about its financial condition in a market smarting from the collapse of rival Wall Street banks Lehman Brothers and Bear Stearns.
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Economics through the looking-glass: only Iraq thrives in world slump PDF Print E-mail
Sunday, 12 October 2008

The Guardian Online

Europe

EU governments yesterday rushed to adopt UK-style financial rescue plans, with Germany close to adopting a scheme for €150bn (£119bn) in guarantees and capital injection for its banks.

The Spanish cabinet approved a €30bn fund, which can be raised to €50bn, to buy "quality" assets from banks, and it increased the deposit guarantee to €100,000. Ministers said the scheme would cost taxpayers nothing.

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Iran calls for oil market stability as prices slide PDF Print E-mail
Sunday, 12 October 2008

Reuters, Tehran- Iran's oil minister called for market stability on Saturday, a day after crude prices dropped more than 10 percent, and said the "current critical problem" was related to demand.

Oil Minister Gholamhossein Nozari was asked what action he believed the Organisation of the Petroleum Exporting Countries (OPEC) should take at an emergency meeting scheduled for Nov. 18 in Vienna and whether a cut in output would restore stability.
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Probe accuses Palin of abuse of power PDF Print E-mail
Sunday, 12 October 2008

AFP, JUNEAU, Alaska - Investigators found vice presidential nominee Sarah Palin abused her powers as Alaska governor, dealing another blow to Republican John McCain's struggling White House bid.

As McCain sought to restore control over his unruly rallies which have seen a stream of invective, including a death threat, targeted at Democratic rival Barack Obama, the "troopergate" scandal threatened to torpedo his campaign.
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Obama rebukes McCain for divisive politics PDF Print E-mail
Sunday, 12 October 2008

AFP, CHILLICOTHE, Ohio - Democrat Barack Obama Friday rebuked John McCain for preaching a politics of "anger and division," as his Republican rival fired off new attacks vowing to fight back from his underdog position.

"In the last couple of days we have seen a barrage of nasty insinuations and attacks and I am sure we will see much more over the next 25 days," Democratic White House hopeful Obama said in Ohio.
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100 Somalis feared dead off Yemen coast PDF Print E-mail
Sunday, 12 October 2008

AP News

As many as 100 migrants from Somalia were missing and feared drowned off the coast of Yemen after smugglers forced them overboard in the treacherous Gulf of Aden waters.

Thirty bodies were found washed up on shore yesterday and were buried immediately as a search operation continued at sea.
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Austrian leader Haider dies in road accident: report PDF Print E-mail
Sunday, 12 October 2008

AFP, VIENNA - Austrian far-right leader Joerg Haider died in a road accident Saturday, APA news agency reported quoting the police.

"The governor of Carinthia and leader of the BZOe (Alliance for Austria's Future) Joerg Haider died after a car accident early Saturday in Klagenfurt", the capital of his home state, the agency said.
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Baghdad's mentally ill remain neglected despite promises PDF Print E-mail
Sunday, 12 October 2008

AFP, BAGHDAD - Baghdad's mentally ill people, their numbers swollen by the trauma of living under Saddam Hussein, remain sadly neglected despite many promises of help by US representatives.

"They originally said they would help us, but they do no more than to search for rebels," said Sarsan Raghad, a doctor at Al-Rashad, Iraq's only psychiatric hospital.
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India's deadly roads officially worst in the world PDF Print E-mail
Sunday, 12 October 2008

The Guardian Online

It is an unenviable title - but India's motorised mayhem has officially made it the most dangerous place to drive in the world.

Last year road accidents claimed more than 130,000 lives, overtaking China, where fatalities have dropped to less than 90,000, and prompted a government review into traffic safety, which until now has been best summed up by local drivers as "good horns, good brakes, good luck".
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Untrustworthy Bush pulls out some optimism PDF Print E-mail
Sunday, 12 October 2008

The Independent

His approval ratings hover at a record low, his credibility is close to zero and he'll be out of office in three months. But George Bush's address to the nation yesterday underlines how, despite everything, he is a key figure in a financial crisis that is no longer measured in months but in days and even hours.

The market collapse requires a co-ordinated international solution, of which an outline may emerge from the discussions of ministers and central bank governors of G7 industrial countries at the IMF annual meeting here. The role of the US will be crucial.
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British Freedom fighters honored PDF Print E-mail
Sunday, 12 October 2008

Seventy years on

Roving Correspondent

Seventy years have passed since they marched out of Barcelona amid crowds of weeping, cheering Spaniards, but it is only now that the last few British volunteers who fought in Spain against General Franco's fascist-backed rebels are finally to be rewarded by the Spanish state.
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Cockroaches hitch ride into US with troops PDF Print E-mail
Sunday, 12 October 2008

The Guardian Online

While they have their backs turned, fighting wars in Asia and the Middle East, it seems that US troops have allowed a counter-invasion of their country by marauding legions.

An infestation of the Turkistan cockroach, which can carry diseases such as typhoid and dysentery, can be blamed on a handful of the insects hitching a ride with soldiers returning from the war zone, experts say.
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British mum and daughter die in Spanish floods PDF Print E-mail
Sunday, 12 October 2008

A British girl saw her mother and sister swept away by floods in Spain and killed, officials said today, reports PA.

The victims, aged 47 and 14, were crossing a gully on foot in L'Olleria, near Valencia, to get to their house yesterday evening.
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5 die, 10 hurt in Mymensingh road crash PDF Print E-mail
Sunday, 12 October 2008

Our Correspondent

Five persons were killed and 10 others injured when a bus and a 'tempo' or an improvised passenger van collided head-on at Dosharpar on Mymensingh-Haluaghat Road under Haluaghat upazila at around 8:30pm on Friday.

Of the dead, three are women.
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Indonesians rally, dance to protest anti-porn bill PDF Print E-mail
Sunday, 12 October 2008

Reuters, Denpasar, Indonesia - Several thousand Indonesians from across the archipelago held a rally in Bali on Saturday to oppose a controversial anti-pornography bill that parliament may vote on next week.

The protesters, who came from Papua, North Sulawesi, Yogyakarta on Java island and Bali, carried a 230-meter (750 ft) long Indonesian flag and performed traditional dances.
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Mugabe hands key ministries to own party, angers MDC PDF Print E-mail
Sunday, 12 October 2008

REUTERS, HARARE- Zimbabwean President Robert Mugabe has allocated three important government ministries to his ZANU-PF party, angering the opposition and threatening a power-sharing deal.

A government notice on Saturday showed Mugabe had allocated to his party the ministries for defense, home affairs -- which is in charge of the police -- and finance, a crucial portfolio for the resuscitation of Zimbabwe's devastated economy.
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G7 aims broad five-point action plan at global crisis PDF Print E-mail
Sunday, 12 October 2008

AFP, WASHINGTON - The finance chiefs of the Group of Seven major advanced economies announced have a broad five-point action plan to tackle a global crisis that has markets and the banking system reeling.

The G7 pledged to use "all available tools" to
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ALCWC to maintain associate organizations PDF Print E-mail
Sunday, 12 October 2008

Staff Correspondent

The Awami League central working committee (ALCWC) has decided to uphold "all the associate organisations" and overseas units of the party.

The CWC also demanded scrapping of two clauses of the Election Commission Act, giving the EC powers to cancel candidature and declaring utility bill defaulters unfit, the party's acting general secretary said Saturday.
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Govt dialogue with BNP brought forward PDF Print E-mail
Sunday, 12 October 2008

Says CA's press secy

Desk Report

The government dialogue with BNP has been set for Oct 14, by bringing it one day forward, the chief adviser's press secretary said on Saturday.

"The government will hold talks with BNP on the morning, and will sit with Jamaat-e-Islami in the afternoon, at the chief adviser's office," the CA's press secretary Syed Fahim Munaim told bdnews24.com.
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Tofail to head AL constitutional body PDF Print E-mail
Sunday, 12 October 2008

Presidium member Tofail Ahmed will head a powerful committee to recommend changes to the Awami League constitution, the party's central working committee decided Saturday, reports bdnews24.com.

The decision came in the wake of legal requirement that political parties register and follow the newly-prescribed rules of the political game that have necessitated re-writing of constitutions.
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