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People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.

Roubini: U-shaped recovery is possible

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Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

Spain's RTVE wins 2014/16 Games TV rights

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Spanish state broadcaster RTVE has won national broadcasting rights for the 2014 winter and 2016 summer Games, the International Olympic Committee said on Friday.
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OzForex Daily Commentary - 04/09/2009

The Australian Dollar opens higher on Friday just shy of US84 cents as recent positive economic data bolsters sentiment. During Thursday's local session, the Australian Bureau of Statistics announced that the trade deficit for July widened by A$1bio to a larger than expected A$1.556bio. Imports were up by 4 per cent which the market interpreted as showing businesses and consumers were doing well and defying international trends. Also underpinning the local unit was a steady session on local equi...
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Europe's big 3 say crisis not over

The global economic crisis is not over and unemployment will keep rising in the months to come, the leaders of Britain, France and Germany warned on Thursday before a meeting of G20 policymakers in London this weekend.
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Global recession ending: OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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Global recession ending:OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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BMW plans Mini expansion at UK plant

German carmaker BMW (BMWG.DE) revealed plans to build two new Mini models at its plant near Oxford in central England on Thursday, boosting British manufacturing and the embattled motor sector.
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WTO panel may rule against Airbus in subsidy case: report

In a victory for Boeing , a preliminary World Trade Organization panel is likely to rule on Friday that European governments illegally subsidized Airbus aircraft, the Wall Street Journal said, citing trade officials, lawyers and executives from both sides.
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OzForex Daily Commentary - 03/09/2009

Australian Dollar: The Australian Dollar has firmed once again and opens on Thursday at 0.8340 against its US counterpart. During the local session yesterday the Aussie reacted positively to the release of better than expected economic growth numbers moving to an intraday high of 0.8317.
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Former British PM Tony Blair headed to

Tony Blair, the former prime minister of Britain, will take a break from seeking peace in the Middle East to trade jokes with comedian David Letterman on his first ever
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Paris Jackson gets hair cut in LA

Over the weekend Paris Jackson got her first haircut in Los Angeles after which every strand of hair was carefully swept up by her security and placed into a container according to reports from Britain's Daily Mail.
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Brown denies double-dealing in Lockerbie case

British Prime Minister Gordon Brown said on Wednesday that his government had put no pressure on Scotland to release the Lockerbie bomber early to improve Britain's trade links with Libya.
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Aerobatics, fireworks as Gaddafi's Libya turns 40

Italian aerobatic jets, paragliders with fireworks, dancers and an equestrian fantasia electrified Tripoli on Tuesday night when Libya marked 40 years since a bloodless coup brought Muammar Gaddafi to power.
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Gmail suffers widespread outrages

A majority of Google mail users were unable to access the service Tuesday afternoon, in a rare widespread outage of the popular Gmail service.
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OzForex Daily Commentary

The Australian Dollar opens sharply lower on Wednesday at 0.8260 after the Reserve Bank of Australia left interest rates unchanged at 3 per cent.

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