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Africa/International
UK public spending cuts expected to bring about ‘fairness’
Public spending will be refocused on delivering economic growth as the Government attempts to tackle the deficit, Chancellor George Osborne will say on Tuesday.
Hinting at what the public service landscape could look like after autumn's…
GM expected to file IPO Tuesday
General Motors Co has completed the paperwork for an initial public offering, and timing of its filing with the U.S. securities regulators rests with the board of the top U.S. automaker, sources familiar with the process said on Monday.…
US tightens oil drilling rules following Gulf disaster
Resumption and expansion of deep-water drilling across the Gulf of Mexico will be more costly and time-consuming for oil companies such as BP as a result of changes the Obama administration ordered Monday.
Interior Secretary Ken Salazar…
Gabon in $4.5b deal with Indian, Singaporean companies for economic recovery
Gabon has signed $4.5 billion worth of deals with companies from India and Singapore in a bid to revamp infrastructure, improve living standards and diversify the economy of a nation with dwindling oil reserves.
No details were given on…
Oil rises towards $76 per barrel on weaker dollar
Oil prices edged higher toward $76 on Monday, boosted by a weaker dollar, while a fall in Asian stock markets on news of a slowdown in Japan's economic growth restricted gains.
The economy of Japan, the world's third-largest oil user,…
Iran offers $3b bonds to fund gasfields
Sanctions-hit Iran will within days offer the first tranche of a three billion dollar domestic bond issue to fund the development of its South Pars gasfields, a top official said on Sunday.
Ali Vakili, head of Pars Oil and Gas Company, the…
Asian stocks fall as Japan’s growth stalls
Asian shares fell on Monday after data showed Japan's economic growth stalled in the second quarter, adding to worries that a global recovery is quickly faltering and prompting investors to sell riskier assets.
Japan's economy expanded…
Japan’s economic growth slows
Japan's economy grew at a much weaker than expected pace and was overshadowed by China in the second quarter, data showed Monday, amid further signs the global recovery is losing steam.
With cooling exports and flat domestic consumption…
Teen sex said not to be always bad for school performance
There's good news for parents who worry that their teenagers' sex lives are affecting their school performance: A provocative new study has found that teens in committed relationships do no better or worse in school than those who don't…
Russia bans grain exports
Russia has imposed a ban on grain exports until the end of the year, after a severe drought and a spate of wildfires devastated crops.
Russia is one of the world's biggest producers of wheat, barley and rye, and the ban is likely to see…