WORLD

U.S. group sets oil talks with China

U.S. group sets oil talks with China

A group of prominent business executives and national security figures will visit China next month as part of their drive to reduce U.S. dependence on oil.

Spy arrest a warning to Taiwan on China ties

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The arrest of a Taiwanese general accused of spying for China is a warning to Taiwan to be wary of its old foe despite warming economic links that are likely to stay unscathed by the case.

Treasury intensely focused on China's yuan

The Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.

Lawmakers try again for China yuan bill

A bipartisan group of 101 lawmakers in the House of Representatives launched a new bid on Thursday to pass legislation aimed at pressuring China to let its yuan currency rise in value.
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Opposition supporters shout in their stronghold of Tahrir Square

Military appears to be taking dominant role in Egyptian crisis

As speculation grows that Egypt’s President Hosni Mubarak will step down in a few hours after more than two weeks of continuous political unrest in the country, the Egyptian Higher Military Council said it is in a state of “continuous session” to protect the nation and the aspirations of the people.”
Indian

India and Pakistan say peace talks to resume

India and Pakistan said on Thursday they would resume formal peace talks but issues such as militancy and the disputed Kashmir region are likely to slow any progress towards defusing tensions.
Pakistan

Boy suicide bomber kills 31 at Pakistan army centre

A 12-year-old boy in a school uniform blew himself up at a Pakistani army recruitment centre on Thursday, killing 31 cadets, officials said, in an attack that challenges government assertions that it has weakened militants.
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Sudan security release opposition spokeswoman

Sudanese security forces briefly held prominent opposition figure Mariam al-Mahdi and other women on Thursday, witnesses said, the latest detentions in a crackdown on anti-government protests.
In a video feed provided by the White House, President Barack Obama delivers remarks on the situation in Egypt on February 1, 2011. Obama called for an orderly and peaceful transition to a new government that must "begin now."

US says Egypt failing to meet protest concerns

Egypt must do more to meet protesters' demands for political change, the United States said on Wednesday in a sharp escalation of rhetoric with one of its most important allies in the Middle East.
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Egypt's economic stability tied to reforms: US

The Obama administration is closely watching the economic fallout from Egypt's political crisis and believes progress toward democratic reforms would help stem economic instability, a U.S. official said on Wednesday.
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Go now, Egyptian Nobel laureate tells Mubarak

U.S.-Egyptian scientist Ahmed Zewail once received a medal from President Hosni Mubarak. Now, he says, it's time for the Egyptian leader to heed the demonstrators clamouring for his departure.
Mugabe to run in 2011 polls

US says alarmed by Zimbabwe political violence

The United States on Thursday condemned a recent spate of violence in Zimbabwe and blamed President Robert Mugabe's party for the attacks, which are heightening tensions ahead of possible elections this year.
Egypt’s ruling party leaders resigns, army tries to reassert control.

Reports circulating that Mubarak may step down tonight

A senior Egyptian army commander has reportedly told protesters in Cairo's Tahrir Square on that Everything you want will be realized,” according to Al-Jazeera, suggesting that President Hosni Mubarak may soon be steeping down acceding to the protesters’ demands.

De-funding: Energy in the Budget Crossfire

The U.S. House Republicans will unveil their proposed budget cuts on Thursday for the remaining of fiscal 2011. The steep cuts proposed for energy and environmental programs foreshadow the continued trends that will dominate the foreseeable future, FBR Capital Markets said in a note to clients.

Obama Details Plan For Wider Broadband Access

President Barack Obama will unveil his plans to expand high-speed wireless service to at least 98 percent of Americans within five years, while reducing the U.S. deficit by about $10 billion over the next decade.
Passengers wait to get on a flight at Karachi's Jinnah International Airport

Strike, canceled flights snarl air travel in Pakistan

Pakistan International Airlines’ staff strike seeking the airline’s managing director’s resignation and termination of a passenger-sharing MoU signed with Turkish Airlines, took a complete toll on air travel in Pakistan when the country’s national airline had to cancel dozens of flights on Thursday.
Rep. Chris Lee's 'Shirtless' adventures

Congressman quits after web flirting scandal, shirtless photo

Rep. Chris Lee, R-NY, has resigned, saying he regretted the harm that my actions caused his family, staff and constituents, on the same day that an online publication published a story alleging he corresponded with a woman who posted a personal ad on Craigslist, sending a shirtless photo of himself.
Rep. Ron Paul (R-TX) questions Federal Reserve Board chairman Ben Bernanke at the House Financial Services Committee hearing in Washington February 24, 2010.

Economists encourage, attack Fed in Paul panel

Economists took their turns encouraging and attacking the policies of money supply managers of the U.S. Federal Reserve System on Wednesday, as the nation faces 9 percent unemployment, slow economic growth and rising federal debt and deficits.
U.S. Federal Reserve Board Chairman Ben Bernanke

Bernanke downplays inflation risks

Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.
Governor Chris Christie speaks at the Groundbreaking Ceremony for Cooper Medical School of Rowan University in Camden, N.J. on Wednesday, Oct. 27, 2010.

S&P cuts New Jersey bond rating

Ratings agency Standard & Poor's downgraded New Jersey bon d rating by one notch to “AA-“ from “AA” (both with stable outlooks).

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