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Economic crisis to dominate opening of G8 summit

Leaders from the Group of Eight major industrial nations will warn against complacency over economic recovery on Wednesday at a world summit that will also tackle trade, climate change and food security.

China accuses WUC of instigating the deadliest riots

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The Chinese foreign ministry said on Tuesday that the deadliest riots in Xinjiang region were caused by a large group of people motivated by the World Uighur Congress (WUC), which operates from Germany and the United States.
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G8 plus G5 agree to end Doha in 2010

G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters.
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European IPO levels remain low in Q2 -PwC

European initial public offerings remained sparse in the second quarter, with most companies likely to defer going public until mid-2010, an expert on new listings from PriceWaterhouseCoopers (PwC) said.
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China to push global currency at G8

China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to start seeking a new global reserve currency as an alternative to the dollar, officials said on Tuesday.
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Weekly Outlook - July 6-11 - Energy

The New Energy Symposium will be held in New York City through July 8-9 putting together members from the clean energy industry, government officials and scientists to discuss how to develop sustainability and clean energy technologies in the state.
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Oldest Bible made whole again online

The surviving parts of the world's oldest Bible were reunited online Monday, generating excitement among scholars striving to unlock its mysteries.
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Dollar discomfort thrust onstage for Italy summit

World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy.
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Novo Nordisk says Victoza cleared for EU market

Danish pharmaceuticals group Novo Nordisk's diabetes drug Victoza, a key driver for future sales, has won European Commission approval for marketing across the European Union, the company said on Friday.
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China moves on Opel with BAIC bid

A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
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German EconMin sees in-depth EU probe of Opel deal

A top German government official warned bidders for Opel on Friday to develop a business plan that can meet European Union guidelines on state subsidies because Berlin expects an in-depth anti-trust probe of any deal.
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Daily News Wrap Up - July 2

Markets tumble after dour jobs report, GM warns of liquidation if sale not approved, Desertec could create 240,000 jobs
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Iran hardliners urge legal action against Mousavi

Iranian hardliners pressed on Thursday for legal action against moderate leaders accused of inciting post-election turmoil that has dimmed Western hopes of engaging Tehran on its disputed nuclear program.
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Beijing Automotive plans Opel bid: report

Beijing Automotive Industry Holding Co plans to present a detailed bid for General Motors Corp's Opel unit in Europe within the next few days, The Wall Street Journal reported, citing a person familiar with the matter.
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China gives ground to save iron ore deals; miners mum

Chinese steel mills offered their first meaningful compromise on iron ore prices on Wednesday, scrambling to salvage annual supply deals with global miners who kept silent one day after a deadline to agree terms.
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Iran demands EU apology before any nuclear talks

Iran, stung by European Union criticism of its handling of post-election unrest, on Wednesday accused the 27-nation bloc of meddling and demanded an apology before any more talks on Tehran's disputed nuclear program.

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