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India's Exports, Imports Decline In May

India's exports declined by 4.16 percent to $25.68 billion in May due to a slowdown in global demand, a statement released by the Ministry of Commerce and Industry said on Monday.
UN special envoy Kofi Annan is to meet Syrian President Bashar al-Assad in Damascus in an effort to salvage his peace plan

Arab League, Syrian Opposition Tells World That Assad Must Go

The Arab League has called on the various Syrian opposition factions to unite in light of their rejection of a U.N.-brokered plan for a transitional government that, as a gesture to Russia, would possibly include President Bashar al Assad in any decision-making on the country's future government.
The statement comes only days after Clinton urged Iran to prove it was not attempting to develop nuclear weapons ahead of a make-or-break international conference in Istanbul on April 13.

Syrian Opposition Rejects UN Deal Even As Clinton Admits No Guarantee Of Success

Syrian opposition groups denounced a U.N.-sponsored international agreement to set up a transitional government in Syria, calling it ambiguous and a farce, even as U.S. Secretary of State Hillary Clinton acknowledged that there was no guarantee that the new deal would succeed in ending the 16-month-long Syrian crisis.
Chief Justice John Roberts

Why John Roberts Flip-Flopped On 'Obamacare'

When CBS News broke the story that U.S. Chief Justice John Roberts had first decided to vote with his fellow Supreme Court conservatives on so-called Obamacare and then changed his mind, it led to huge questions, not only about him but also about his motivations.
Enrique Pena Nieto

Enrique Pena Nieto Returns Presidency To Mexico's PRI: Preliminary Count

Mexico's Institutional Revolutionary Party, or PRI, counted every president of the country between 1929 and 2000 as one of its members, and it may again soon, as an official preliminary count of the votes indicates its candidate, Enrique Pena Nieto, won the nation's presidential election on Sunday.
Chief Justice John Roberts

John Roberts Flip-Flopped On Health-Care Law Decision: CBS

U.S. Chief Justice John Roberts was originally set to vote with the Supreme Court's conservative justices to strike down the Affordable Care Act, CBS News reported. However, he changed his mind about a month ago to join the court's liberal justices in mostly upholding the constitutionality of the law.
Tehran, nuclear program Iran

EU Embargo On Iranian Crude Oil Now In Full Effect

The European Union's economic sanctions on Iran became fully effective on Sunday, but the Islamic Republic's deputy oil minister claimed the country will have no difficulty finding replacements for recent EU purchasers of its crude.
Iranian Nuclear Program

Iran Announces Missile Tests, Threatens Israel

Iran announced missile tests Sunday and threatened to wipe Israel off the face of the earth if the Jewish state attacked it, brandishing some of its starkest threats on the day Europe began enforcing an oil embargo and harsh new sanctions
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Obamacare 'Tax Increase' Debate Heats Up Sunday Morning News Shows

It's not a tax. It's a penalty. President Barack Obama's administration and its allies in Congress carpet-bombed the morning news talk show Sunday with those seven words, holding the line in a PR counter-offensive the White House has been engaging on since Friday.
Benjamin Netanyahu

Israeli Premier Netanyahu Sends Egypt's Morsi a Letter

Israeli Prime Minister Benjamin Netanyahu has sent a letter to Egypt's newly sworn-in President Mohamed Morsi, urging him to maintain peace between the two countries, following an Iranian report last week that Morsi was planning to reconsider the peace deal with Israel, Israeli daily Haaretz reported.

Bobby Jindal Slips Up With 'Obamneycare'

Considered a front-runner as Mitt Romney's possible running mate, Bobby Jindal may have to put his vice presidential aspirations on hold because of a slip of the tongue. On Friday, the Republican governor of Louisiana misspoke and referred to the president's health-care plan as Obamneycare.
Yitzhak Shamir

Yitzhak Shamir, Former Israeli Prime Minister, Dies At 96

Former Israeli Prime Minister Yitzhak Shamir, who clung throughout his life to the belief that Israel should hang on to territory and never trust an Arab regime, passed away at 96 in a nursing home in Herzliya, Israeli officials said Saturday.
Mervyn King

Bank Of England Cracks Down On Cheating Banks

The Bank of England (BoE) is cracking down on large financial institutions to prevent them from cheating businesses and consumers worldwide -- a practice that has put a $360 trillion global financial market at serious risk for several years.

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