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Facebook to connect 1 billion users by 2012

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Social networking site Facebook will touch one billion users by 2012 and the fastest growth is coming from Brazil, with Facebook picking up another 1.9 million users in May, according to statistics site Social Bakers.
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Online network Viadeo eyes Africa after shelving IPO

Viadeo, the world's second-biggest online networking site for professionals behind LinkedIn, plans to double its users in Africa within a year, its chief operating officer for the continent said on Tuesday.
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IMF candidate Carstens urges tough euro zone plan

A non-European head of the International Monetary Fund could mean a tougher, more realistic action plan for the euro zone debt crisis, Mexican central bank chief Agustin Carstens said in newspaper interviews on Tuesday.

Geithner praises both IMF candidates Lagarde and Carstens

The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

IMF hopeful Lagarde's support grows but emerging economies express reservation

After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.

Lagarde Not A Sure Thing As Next IMF Chief

Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.

Tornado Wreaks Havoc in Joplin

A powerful tornado on Sunday tore through the southwestern Missouri town of Joplin, killing over 20 people and leaving several injured.

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