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Deputy finance minister plays down importance of AAA rating
Aug 6th, 2012
LONDON (Reuters) - Britain's Liberal Democrat deputy finance minister played down the importance of the country's top credit rating, preserving which has been at the heart of the country's austerity-focused economic policy. Chancellor George Osborne, a member of the Conservative party that dominates the country's governing coalition, plans to erase Britain's huge budget deficit within five years. ... (Source: Reuters) -
DAMASCUS, Syria (AP) - Gunmen on Saturday abducted the elderly father of Syria's deputy foreign minister, his office and a Lebanese TV station said. (Source: Associated Press)... [Full Article]
BRUSSELS (AP) - European Union finance ministers are seeking ways to cut down on tax evasion and hammer out controversial building blocks of the region's planned banking union to stabilize its financial system. (Source: Associated Press)... [Full Article]
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) - Prime Minister David Cameron convened an emergency meeting of his intelligence chiefs on Thursday after two Islamists hacked a soldier to death with meat cleavers on a south London street. A dramatic clip filmed by an onlooker just minutes after Wednesday's killing showed a man with h... [Full Article]
By Alexandria Sage CANNES (Reuters) - Paolo Sorrentino's "The Great Beauty," a nostalgic, melancholic ode to the eternal city Rome, is one of several films that touch on the unraveling of contemporary Italy in official selection at the Cannes film festival this year. Also competing for the prestigious Palme d'Or award to be hand... [Full Article]
BANGKOK (AP) - Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is slowing. (Source: Associated Press)... [Full Article]
A new poll finds that teens are sharing more about themselves on social media. They're also moving increasingly to Twitter to avoid their parents and the "oversharing" that they see on Facebook. ... (Source: Associated Press)... [Full Article]
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