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Wall Street joins a downturn

Investors on Wall Street sent shares lower on Monday as a chilly pessimism about the global recovery settled over worldwide markets. Before the weekend, disappointing data about the confidence of American consumers deflated stocks and…

Reader’s Digest to file for bankruptcy

Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load. The media company, known worldwide for its…

Egypt signs oil and gas agreements

Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry said on Monday. "Of the total, five are extensions and amendments to already…

Zimbabwe dollar is dead

A woman pays her bus fare with 3 trillion in old Zimbabwe dollars — the equivalent of 50 U.S. cents. The collector accepts the brick of neatly folded bundles of a trillion each without bothering to count the notes. "No one seems to worry,…