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G20 'Grand Bargain' looks distant prospect

He promised a grand bargain but British Prime Minister Gordon Brown's hopes of an overarching deal to pull the world out of recession look doomed even before the G20 crisis summit has started.

Deflation stalks Japan, resentment rises before G20

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Japan edged closer to deflation, highlighting a threat to the world economy before next week's G20 summit where Europe and the United States may clash over stimulus plans, but seek common ground on regulating the financial system.

Deflation stalks Japan, rancor rises before G20

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Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.
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Morgan Stanley recovers lost ground in M&A rankings

In a dry quarter for deals, two massive pharmaceutical transactions helped catapult Morgan Stanley to the top of the league in global adviser rankings, bringing it up from the tenth spot a year earlier.
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AIG says departing execs will help in transition

AIG, the giant insurer bailed out by U.S. taxpayers, said on Thursday two top managers in Paris have resigned but will remain in place to oversee an orderly transition, reducing the risk of default on derivatives contracts.
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Britain to investigate possible MI5 role in torture

Britain's attorney general ordered an investigation on Thursday into whether the security services played any role in the torture of a British resident recently released from the U.S. military's Guantanamo prison.
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Kyoto goal a breeze as 2008 UK emissions fall

Britain's greenhouse gas emissions fell two percent in 2008, firmly putting the country on course to meet its targets under the Kyoto Protocol, the government's environment agency said Wednesday. Provisional statistics published by the Department for Energy and Climate Change (DECC) showed that total greenhouse gas emissions dropped to 623.8 million metric tons of carbon dioxide equivalent last year, down from 636.6 million metric tons in 2007.
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UK iPhone users lead way in Web, email use: survey

Over 90 percent of Apple Inc's British iPhone users accessed mobile media in January including websites, e-mails, social networks and games, far higher than users of other mobile phones, research showed.
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Wall St slips as tech, bond auction weigh

Stocks retreated on Wednesday as technology shares fell after news IBM is planning layoffs and a disappointing Treasury note auction raised concerns of flagging foreign interest in U.S. government debt, which could bode poorly for the economy.
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UN urges G20 for $1 trillion stimulus

The United Nations is urging 20 of the world's most powerful economies to support a $1 trillion stimulus plan for developing countries when the 20 meet in London next month, U.N. officials said on Wednesday.
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MySpace to offer Web contact domains to users

Social network MySpace and British telecoms provider BT will be among the first companies to offer a new type of Web domain for their users to manage their contact details live online.
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Germany to pass law blocking Internet child porn

Germany's cabinet agreed on Wednesday on a law authorizing the blocking of Internet pages containing child pornography to make it harder for criminals to profit from distributing the material.
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Skype used in 8 percent of international calls in '08

Eight percent of international call traffic in 2008 used Internet calling company Skype, an increase of 41 percent on a year earlier, according to data from communications research firm TeleGeography released on Tuesday.
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World's Strangest Laws

Driving shirtless, drinking juice in public, or just forgetting to flush the loo: Here are 10 odd laws that can get you in trouble around the world. When studying...
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Tata Nano to hit Indian roads in July

The Nano, the world's cheapest car, will hit Indian roads in July, with expectations that demand from millions of aspiring car owners will far outstrip supply.
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The Nano, world's cheapest car, to hit Indian roads

The Nano, the world's cheapest car, will hit Indian roads in July, four months after its formal launch on Monday, and demand is expected to far outstrip supply as the price tag of around $2,000 draws legions of new buyers.
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U.S. wants Afghanistan 'exit strategy'

The United States met NATO allies on Monday to outline its policy review for Afghanistan after President Barack Obama said it would contain an exit strategy and greater emphasis on economic development.
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City-dwellers emit less CO2 than countryfolk: study

Major cities are getting a bad rap for the disproportionately high greenhouse gases they emit even though their per capita emissions are often a fraction of the national average, a new report said on Monday.

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