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Olmert defies calls to resign over bribe probe PDF Print E-mail
International News
Saturday, 10 May 2008

REUTERS, Jerusalem - Israeli Prime Minister Ehud Olmert defied a barrage of calls to resign on Friday after he admitted taking cash from an American businessman at the centre of a police inquiry into allegations of bribery.

Olmert, whose departure could disrupt U.S.-sponsored peace negotiations with the Palestinians, continued with his duties after telling the nation in a late-night address on Israel's 60th Independence Day that he would resign only if the attorney general could produce sufficient evidence to indict him.

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Chile gives volcano holdouts ultimatum to flee PDF Print E-mail
International News
Saturday, 10 May 2008

REUTERS, Puertomontt/Futaleufu, Chile - Chile on Thursday ordered holdout residents to flee from an erupting volcano in the remote region of Patagonia and vowed to force them out if they refuse to obey.

The military evacuated a small contingent of troops and journalists from near Chaiten volcano in southern Chile before dawn on Thursday after it spat out fiery material.

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US Congress spurns Bush`s call for food aid switch PDF Print E-mail
International News
Saturday, 10 May 2008

REUTERS, Washington - US lawmakers unveiled a five-year global food aid plan on Thursday, snubbing White House demands for significantly greater flexibility when buying food for the world's poor.

The final House-Senate compromise on the 2008 farm bill, if approved, would spend a mandatory $60 million over four years on a pilot program to test overseas purchases of food aid -- a step away from the traditional reliance on U.S. farmers.

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US Congress spurns Bush's call for food aid switch PDF Print E-mail
International News
Saturday, 10 May 2008

Thu May 8, 2008 5:58pm EDT
By Missy Ryan

WASHINGTON, May 8 (Reuters) - U.S. lawmakers unveiled a five-year global food aid plan on Thursday, snubbing White House demands for significantly greater flexibility when buying food for the world's poor.

The final House-Senate compromise on the 2008 farm bill, if approved, would spend a mandatory $60 million over four years on a pilot program to test overseas purchases of food aid -- a step away from the traditional reliance on U.S. farmers.
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3 killed in rebel landmine blast in SE Turkey PDF Print E-mail
International News
Saturday, 10 May 2008

Three people were killed and five wounded on Friday when a landmine detonated by Kurdish guerrillas destroyed their minibus in southeast Turkey, security officials told Reuters.

The minibus was traveling in Batman province when the blast occurred. One of those killed was a village teacher. Among the five injured, two were seriously hurt, said the officials, who declined to be identified.

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Russia celebrates WW2 victory with Soviet-style parade PDF Print E-mail
International News
Saturday, 10 May 2008

REUTERS, Moscow - Warplanes screamed over Red Square and missile launchers rumbled past ranks of soldiers on Friday when Russia celebrated victory over Nazi Germany with a show of military might not seen since the collapse of the Soviet Union.

The annual May parade, which remembers the almost 27 million Soviets who perished in World War Two, is also intended to show Russia's revival and a military that the Kremlin says is still a force to be reckoned with.

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US won't accept any military takeover: Boucher PDF Print E-mail
Country News
Saturday, 10 May 2008

Bdnews24.com

Washington will not accept any military takeover in Bangladesh, said US assistant secretary of state for South and Central Asian Affairs Richard A Boucher Friday.

The US official categorically said Bangladesh

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AL to demand freedom for Hasina in dialogue PDF Print E-mail
Country News
Saturday, 10 May 2008

Bdnews24.com

Demand for the release of former prime minister Sheikh Hasina from prison will top the Awami League's agenda during dialogue with the government, acting AL president Zillur Rahman said Friday.

Briefing reporters at his Gulshan home, he said: "We won't let conspirators to go ahead with the polls while Sheikh Hasina will be excluded from the process."

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BPC seeks fresh funds for oil import PDF Print E-mail
Business News
Saturday, 10 May 2008

Bdnews24.com

Bangladesh Petroleum Corporation has sought Tk 7,000 crore from the government to finance oil imports for June-December, BPC chairman Anwarul Karim said Friday.

Karim told bdnews24.com that the corporation had sought the money to cope with a feared fund crunch during the period.

The government had approved Tk 1,000 crore on April 20 in loan for the troubled BPC to help meet its immediate crisis

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Govt visits shrimp farms, processing plants on May 15 PDF Print E-mail
Country News
Saturday, 10 May 2008

A government delegation will visit shrimp farms and processing plants on May 15, based on a recent report by a US labour organisation, commerce adviser Hossain Zillur Rahman said Friday, reports bdnews24.com.

In the report "The True Cost of Shrimp", the American Federation of Labour and Congress of Industrial Organisations has alleged that Bangladesh shrimp industry uses child labourers and exploits women workers.

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‘BNP reformists must learn a lesson from GATCO case’ PDF Print E-mail
Country News
Saturday, 10 May 2008

Bdnews24.com

BNP leader Khandaker Delwar Hossain said Friday the pro-reform faction of the party would hopefully ponder a little and learn a lesson from the GATCO case.

His comment came a day after the Anticorruption Commission pressed charges against some reformist leaders of BNP in the Gatco graft case.
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BoI likely to discuss Tata proposal Sunday: official PDF Print E-mail
Business News
Saturday, 10 May 2008

The Board of Investment and officials of Tata Group are likely to discuss an investment proposal by the Indian business giant Sunday, a senior official said, reports bdnews24.com

"A meeting with Tata officials is scheduled for Sunday," BoI executive chairman Md Kamaluddin Ahmed told bdnews24.com Friday.

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Oil price vaults to record 125.98 dollars PDF Print E-mail
Business News
Saturday, 10 May 2008

The price of New York crude oil surged past 125 dollars per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said, report agencies.

New York's main oil futures contract, light sweet crude for June delivery, spiked as high as 125.98 dollars in early afternoon London trading.

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Ferguson has confidence in Bolton PDF Print E-mail
Sports News
Saturday, 10 May 2008

Manchester United manager Sir Alex Ferguson has faith that Bolton will provide a stern test for Chelsea in Sunday's Premier League title decider, reports BBC.

If Bolton beat Chelsea then United will be champions, regardless of the outcome of their clash with Wigan.

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England ace available for crucial Moscow clash PDF Print E-mail
Sports News
Saturday, 10 May 2008

Rooney fit for final

Sky Sports

Manchester United have been boosted by the news that Wayne Rooney will be fit for their UEFA Champions League final against Chelsea.

The England international has not featured for The Red Devils since equalising against Chelsea at Stamford Bridge last month.

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Mohammedan draw against Sonali in Premier Hockey PDF Print E-mail
Sports News
Saturday, 10 May 2008

Bdnews24.com

Mohammedan Sporting Club and Sonali Bank shared points in the Premier Division Hockey League when they played a 2-2 draw in their fourth match at Moulana Bhasani National Hockey Stadium Friday.

Mariner Youngs Club blanked Wari Club 4-0 to taste their first win in three matches at the same venue.
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Michael Clarke to delay departure for West Indies PDF Print E-mail
Sports News
Saturday, 10 May 2008

BRISBANE, May 9 (bdnews24.com/Reuters) - Australia vice captain Michael Clarke will delay his departure for the tour of West Indies due to the failing health of his fiancee's father.

Cricket Australia (CA) announced on Friday that Clarke would join the Australian team at a later, as yet unspecified, date and that Brad Hodge would act as a temporary replacement.

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US trade deficit narrows to $58.2 bln PDF Print E-mail
Business News
Saturday, 10 May 2008

AFP, WASHINGTON - The US trade deficit shrank to 58.2 billion dollars in March from a revised 61.7 billion a month earlier, as the weak dollar fueled a surge in exports, the Commerce Department said Friday.

The trade deficit narrowed by more than expected in March as most economists had forecast it would shrink to 61.3 billion dollars.
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Records help ease fears over art market PDF Print E-mail
Business News
Saturday, 10 May 2008

New York auction

AFP, NEW YORK - Record prices for works by Claude Monet and Edvard Munch at New York's spring sales this week have helped eased fears over the effect of the faltering US economy on the international art market.

Evening sales at Sotheby's and Christie's auction houses raised a total of 512 million dollars, slightly above lower estimates ahead of the sales, which featured a more tightly edited collection than in last year's auctions.
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Citigroup may unveil $400 billion asset sales: sources PDF Print E-mail
Business News
Saturday, 10 May 2008

REUTERS, NEW YORK - Citigroup Inc, hard hit by the global credit crunch, is expected to present plans to sell roughly $400 billion of extraneous assets when it meets with investors and analysts on Friday, people familiar with the situation said.

Newly-installed Chief Executive Vikram Pandit, scrambling to slash Citi's costs and get past credit market problems, also intends to reaffirm his promise to cut annual expenses at the largest US bank by roughly 20 percent, one of the sources told Reuters on Thursday.

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China fund sees opportunity in global instability PDF Print E-mail
Business News
Saturday, 10 May 2008

REUTERS, SHANGHAI - Global economic instability has created huge investment opportunities for China Investment Corp (CIC), but the sovereign wealth fund will be careful not to destabilize countries where it operates, its head said on Friday.

CIC paid $5 billion in December for a stake in US investment bank Morgan Stanley but has otherwise kept its powder dry as Western financial institutions have sought to replenish capital depleted by big subprime credit losses.
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