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New home sales fall, durable goods orders weak

Sales of new U.S. homes dropped more than expected in June, while orders for long-lasting U.S.-made goods were weaker than analysts forecast, according to reports on Thursday that raised fresh concerns about the economy.
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NY smile dentist seeks $25 mln over explosion

A dentist who specializes in smile improvements has sued utility Consolidated Edison for $25 million for not being able to use his office since last week's steam pipe explosion in Manhattan.
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New kit to help Africa fight deadly food poison

Agricultural scientists unveiled a cheap kit on Thursday to let African farmers test crops for a deadly poison that makes them unfit to eat and costs the continent millions of dollars in lost exports.
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Sarkozy in Senegal to push African aid agenda

Nicolas Sarkozy arrived in Senegal on Thursday on his first visit as president to sub-Saharan Africa to underscore France's ties with ex-colonies and promote the diplomatic priority of African development.
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New home sales fell 6.6 percent in June

Sales of new homes fell 6.6 percent in June to a lower-than-expected level and prices slumped from May, according to a government report on Thursday that pointed to ongoing weakness in the housing sector.
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Durable goods orders below expectations

New orders for long-lasting U.S-made manufactured goods rose 1.4 percent in June on a big rise in orders for nondefense aircraft, a Commerce Department report on Thursday showed.
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UK targets green power gridlock

Britain is seeking ways to enable clean power sources to be linked much more quickly to the electricity network so that the country can meet carbon emissions targets, the government said on Thursday.
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Colombia says tourism growing despite war risks

Colombia, long known as little more than the world's kidnapping capital and home to Latin America's longest-running guerrilla war, is attracting tourists at record numbers because of better security.c
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Home loan demand drops to 5-month low

Mortgage applications fell for the first time in four weeks, touching a five-month low and largely reflecting a drop in demand for home purchase loans, an industry group said on Wednesday.
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U.S., India say substantial progress in atomic talks

The United States and India said on Friday they made substantial progress in negotiations on a landmark nuclear cooperation agreement, and one U.S. official told Reuters the long-delayed deal was effectively done.
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Zimbabwe debates nationalization, Mugabe future

Zimbabwe's parliament opens a new session this week to debate radical plans to nationalize foreign firms and a law empowering the house to name President Robert Mugabe's likely successor without a national vote.
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Floods hit southern Britain, power and water cut

Prime Minister Gordon Brown pledged more funds on Monday to tackle some of Britain's worst flooding for nearly 60 years as rising waters made thousands homeless and plunged entire towns under water.
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Populism may hit India's deficit repair plans

India's success in trimming its fiscal deficit has surprised even itself but progress in the next two years will be harder as dizzying growth slows and pressure for populist spending rises before elections.
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Barbed wire, bread greet desperate Zimbabwe migrants

These would-be-migrants are the unlucky ones among a growing tide of refugees escaping an economic crisis that has devastated Zimbabwe and threatens to engulf other nations in the region, principally South Africa.
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Japan PM's agenda, job at risk in July 29 election

Japan's ruling camp looks likely to lose a July 29 upper house election, newspaper surveys showed on Monday, an outcome that threatens to stall Prime Minister Shinzo Abe's conservative agenda and could cost him his job.
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Illegal immigrants to get ID cards in Connecticut

As many U.S. cities and states arrest illegal immigrants in raids and toughen laws against them, a Connecticut city is offering to validate them under a controversial, first-in-the-nation ID card program.
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States to help subprime owners refinance: WSJ

A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.
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Mumbai's rail lifeline a death trap for commuters

They are the arteries that keep Mumbai's economy ticking, rattling six million people a day to offices, shops and factories. But arriving safe and sound for work after a trip on Mumbai's clogged railways is no mean feat.
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Agriculture dependent on migrant workers

Driving through the Lower Rio Grande Valley in southern Texas, it is clear that whatever labor is being done on a farm -- be it driving a tractor or weeding a field -- Latinos are doing it.

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