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Half of South Sudan facing food shortages, warns UN

More than half the population of South Sudan are facing food shortages due to the continuing conflict with Sudan, the UN is warning. It says fighting on the border between the two countries and the shutdown of oil production have had a devastating impact on the South's economy. It adds there are fears the situation in the South, which gained ...

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Facebook IPO plan stands to rake in more than $100 billion and mint several new billionaires

A FRENZY for Facebook built Tuesday as the company hiked its expected opening price for shares to about $38 — making the eight-year-old social media site worth $104 billion. The staggering sum set ahead of Friday’s hotly anticipated IPO would instantly make Facebook more valuable than American corporate icons like McDonald’s, Disney and Kraft. “There are more than 2 billion ...

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Merkel, Hollande promise joint growth strategy

BERLIN (Reuters) – New French President Francois Hollande and German Chancellor Angela Merkel acknowledged differences on Tuesday over how to boost growth in recession-plagued Europe, but pledged to forge a joint approach in time for an EU summit next month. German Chancellor Angela Merkel and French President Francois Hollande gesture after a news conference after their talks in the Chancellery ...

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Obama, Monti agree to intensify growth, job creation

Tweet WASHINGTON: President Barack Obama and Italy’s Prime Minister Mario Monti agreed on Tuesday on the need to “intensify” growth and job creation, as Washington prepared the ground for this week’s G8 summit. The leaders spoke by telephone ahead of the two-day meeting beginning at Camp David, Maryland on Friday, and also discussed strategy in the war in Afghanistan…

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China may use dissident sect against Dalai Lama: Tibet

SHARE AND DISCUSSTweet DHARAMSHALA: The Tibetan government-in-exile on Monday pointed its finger towards a splinter community among Tibetans – the around 5000-strong Dorje Shugden community – after the Dalai Lama had raised an alarm on Sunday over threat to his life. The Dalai Lama has not recognized this community – members of which live underground – and had put a ...

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South Korea president to meet Aung San Suu Kyi

South Korean President Lee Myung-bak is visiting Burma, the first time a South Korean leader has visited the country since a bomb attack 29 years ago. The North Korean attack, during a visit by former President Chun Doo-hwan to Rangoon in 1983, killed 21 people. Mr Lee met Burma's President Thein Sein in the capital Nay Pyi Taw on Monday ...

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Merkel tells Greece to back cuts or face euro exit

Greece may be forced to leave the euro if the country refuses to implement spending cuts agreed with the European Union, Angela Merkel warned. “I believe it’s better for the Greeks to stay in the euro area, but that also requires that we set out a path on which Greece gets back on its feet step by step,” said the ...

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Israel fears Assad fall may bring Al-Qaeda to Golan

A senior Israeli military official said that Israel is closely tracking events in Syria, fearing the collapse of President Bashar al-Assad’s regime could see the Syrian Golan Heights fall to groups like Al-Qaeda. The military official told AFP that such a situation could create a dangerous security vaccum similar to Sinai. “If the Assad regime will fall, the biggest threat ...

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