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Australia's carbon laws face delay, poll possible

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Australia's key policy to fight global warming limped closer to defeat on Monday with parliament set to delay or reject the government's carbon emissions trade scheme, raising the chances of an early election.
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U.S. investors curb risk trades as 2009 nears end

U.S. fund managers decreased their heavy exposure to stocks in November while increasing their cash allocations ahead of 2009's close and on signs that economic recovery may be slow, a Reuters poll showed on Monday.
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Dubai debt woes may hit U.S. property market

Dubai's debt woes could further unhinge an already fragile U.S. commercial real estate market, as it illustrates the importance of that tiny emirate to global investors in an increasingly interconnected world.
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Muslim pilgrimage ends with handful of flu cases

he annual Muslim haj pilgrimage has ended without the major flu outbreak feared by some experts and with only five deaths from the H1N1 flu virus out of 73 recorded cases, the Saudi health minister said.
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New WHO guidelines urge phase-out of major HIV drug

Countries should phase out the use of Stavudine, the most widespread antiretroviral, because of long-term, irreversible side-effects in HIV patients including wasting and a nerve disorder, the World Health Organization said on Monday.
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Stocks set for higher open on sales optimism

U.S. stock futures pointed to a slightly higher open on Monday on optimism over holiday retail sales and as concerns eased that a possible debt default by two of Dubai's flagship firms could damage a global economic recovery.
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Israel says enforcing West Bank settlement moratorium

Israeli inspectors armed with aerial maps and empowered to confiscate construction equipment have begun enforcing a limited government moratorium on new building in West Bank settlements, officials said on Monday.
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Oil ticks up above $76, eyes on Dubai

Oil prices recovered a little on Monday, rising above $76 a barrel as the dollar weakened, but investors kept a wary eye on debt-laden Dubai and its impact on the global economy.
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GM sees China market sales growth slowing

General Motors expects sales growth for China's auto market to drop dramatically in 2010, as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market, the head of the company's China operations said on Monday.
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United States, Brazil at odds over Honduras crisis

Honduras' disputed presidential election is likely to set Washington against emerging Latin American power Brazil over whether to recognize the winner of a vote promoted by the leaders of a June coup.
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Iran sees little point to nuclear curb pact: official

Iran sees little point to staying in the Non-Proliferation Treaty, a senior official said on Monday, a day after announcing plans to build 10 more nuclear sites in a swipe at growing pressure to rein in atomic activity.
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FTSE lower as Dubai worries linger; oils weak

Britain's top share index was 0.8 percent lower by midday on Monday, pulled down by weak energy stocks and banks, as investors were troubled by lingering anxiety caused by Dubai's debt problems.
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Stock futures edge up; eyes on Dubai, retailers

stock index futures were slightly higher early on Monday, following the previous session's sharp retreat, with futures for the S&P 500 up 0.22 percent, Dow Jones futures up 0.13 percent and Nasdaq 100 futures up 0.24 percent at 0855 GMT (5:55 a.m. EST).

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