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Seven arrested in suspected carbon tax fraud

The British tax office arrested seven people in London on Wednesday in a suspected 38 million pounds ($62.6 million) value-added tax fraud in the European market in carbon allowances, it said.

China seen looking to bigger climate change steps

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China appears committed to stronger steps to contain swelling greenhouse gas emissions, the former British Prime Minister Tony Blair said after meetings in Beijing, urging practical hopes of climate treaty negotiations.
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Views from expats on healthcare systems

With debate about healthcare reform raging across the Atlantic, Reuters asked a selection of expatriates what they thought of healthcare systems at home and abroad.
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Macquarie buys U.S. asset manager for $428 million

Macquarie Group Ltd , Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp , continuing a trend of consolidation in the fund management business.
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British award to honor Monty Python at NY reunion

The British Academy of Film and Television Arts (BAFTA) will honor the Monty Python comedy team with a special award for their contribution to film and television at an event in New York on October 15.
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Daily Commentary - 19/08/2009

The Australian Dollar opens higher today against the greenback at 0.8260. During local trade yesterday the Aussie moved half a US cent higher towards 0.8250 after the minutes of the Reserve Bank of Australia's August board meeting underlined once more the market's expectations of an interest rate rise by the end of the year. Also delaying another test lower for the currency was a stronger-than-expected performance on local equities which finished the day only slightly lower after a poor lead fro...
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Exploding iPhones and iPods to be probed

European Commission officials said Tuesday that Apple Inc. is looking into reports of exploding iPhones and iPods, after several dissatisfied customers claimed that their devices had exploded.
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Major Anglo investors say Xstrata deal dead

Two major Anglo American shareholders have backed new Chairman John Parker's bid to buy time and stave off rival Xstrata's nil-premium merger proposal, which one said on Tuesday was effectively dead.
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Euro, sterling rise on German, UK reports

The euro rose on Tuesday, recovering from multi-week lows against the dollar and yen, after an unexpected gain in German investor sentiment boosted optimism about the euro zone economy.
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U.K. music academy expands with Oklahoma branch

Britain's Academy of Contemporary Music is opening its first U.S. branch in Oklahoma City, with ambitious plans to enhance touring opportunities in the region, as well as educate students for a career in the music business.
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Distressed sales of global comm. properties rise-RICS

More countries are seeing a rise in distressed sales of commercial properties in the second quarter, with South Africa, the United States and New Zealand faring worst as the market downturn worsens, a report showed.
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Down under, UBS stealing deals thunder

The Australian unit of Swiss bank UBS AG thriving, even as its parent struggles in the global financial crisis, and has earned a reputation for snatching deals from rivals and making a success of them.
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Time no barrier as Cropredy Fest rocks on and on

Simon Nicol, the last original member of folk rock band Fairport Convention, admits he's not into numbers, which may be why no one is quite sure what milestone just passed in this rural English village.
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Egypt signs $2.3 billion oil, gas agreements

Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday.
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Hardy Oil posts H1 loss, cuts FY production forecast

Britain's Hardy Oil and Gas Plc (HAOG.L: Quote, Profile, Research, Stock Buzz) posted an operating loss for the first half on lower crude oil prices and higher costs, and cut its 2009 production forecast as its only producing field was shut for repairs.

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