UNITED STATES

Putin Vows $770 billion Russian Military Spending Plan Ahead of Elections

Vladimir Putin
Keen to boost his notoriously bullish image, Putin said in a newspaper article that Russia would spend 23 trillion roubles ($770 billion) over a decade to modernize the former superpower's armed forces, warning of the need to protect the country from new regional and local wars sparked by foreign powers.
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Universal seeks EU okay for EMI buy

French media group Vivendi's Universal Music is seeking EU regulatory approval to buy British record label EMI's recorded music unit for $1.9 billion to boost its worldwide market share, the European Commission said on its website on Monday.
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Alibaba to secure loan, eyes HK unit buyout

Chinese e-commerce firm Alibaba Group is set to sign on Monday a $3 billion loan it plans to use to take private its Hong Kong-listed unit, Alibaba.com, Thomson Reuters publication Basis Point reported.
Reko Diq

Pakistan's Reko Diq Looking Less Prospective

Pakistan's Reko Diq, an untapped copper and gold mine of fabulous potential, was meant to be the biggest foreign investment in the country's mining sector, but it's beginning to look more like fool's gold to the companies involved.
Gold could hit $2,000 in 2012, according to the latest Thomson Reuters GFMS survey

Gold Prices up on Optimism about Greek Debt Fix

Gold prices rose more than half a percent on Monday as growing optimism that European leaders will sign off on a rescue deal for Greece lifted the euro, and after China's central bank further loosened monetary policy.
Syria: Demonstrators during a protest against President Bashar al-Assad.

Syria Unrest: Who Are Assad's Mercenary Thugs Raising Riot on the Streets of Damascus?

Recent reports have indicated that Assad’s once-unshakable grip on power might soon crumble, with the Syrian regime running out of funds to maintain the Shabiha militia. As a consequence, the group may turn its back on the regime, thereby leading Assad to lose control on the ground. The U.S has already imposed tough sanctions on Damascus in response to the crackdown, according to reports.
Greece and EU

Why Greece Matters to U.S., European Investors

For some observers, Greece can seem like a small problem in a distant land, incapable of affecting U.S. investors. But in the financial crisis era, that is most certainly not the case.
iOS 6

Apple's Legal Row in China Helps Its Rivals

Apple Inc's legal row over its iPad trademark in China creates a window of opportunity for rivals such as Lenovo Group Ltd and Samsung Electronics Co Ltd as they try to chip away at the U.S. firm's dominance of the potentially vast Chinese tablet market.
Dakar Pre-Election Protests

Dakar Sees Another Day of Violent Protests, Death Toll Hits Six (PHOTOS)

On the fifth day of violent protests ahead of Senegalese capital Dakar's controversial presidential poll, two young men have already lost their lives, indicating a bad turn of events and intensifying demonstrations in an otherwise peaceful city. Protesters demanded on Sunday that Senegal's 85-year-old President Abdoulaye Wade step down, and were on the streets of the heart of the capital, throwing stones at police and erecting barricades.

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