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Greek impasse keeps euro, franc on back foot

Tweet ZURICH: The Swiss franc remained under pressure against the dollar on Monday after Greece’s political leaders failed to form a ruling coalition at the weekend and investors fretted over the spectre of a Greek exit from the euro zone. The uncertainty weighed on the euro, and by extension the Swiss franc which has traded…

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South Korean President Lee Myung-bak in key Burma visit

South Korean President Lee Myung-bak is to visit Burma, the first time a South Korean leader has visited the country since a deadly 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 is due to arrive in the capital, Nay Pyi Taw, later ...

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Summer gas prices to be stable

By Chris Kahn Associated Press Comments J.D. Wood fills gas cans for his boat at Walmart in Waveland, Miss., because it’s cheaper than buying it at a marina. (John Fitzhugh / Biloxi Sun Herald) Gasoline prices likely won’t set any records this summer, thanks to a recent drop in the price of oil. The government on Tuesday slashed its forecast ...

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Deadly sectarian clashes in Lebanon’s Tripoli

Ongoing clashes in Lebanon’s northern city of Tripoli between factions supporting and opposed to the revolt in neighbouring Syria left one person dead on Sunday, a source in the security forces said. The man was killed in clashes in Bab al-Tebbaneh between residents of the predominantly Sunni Muslim district, hostile to the Syrian…

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Nine injured in Peshawar blast

Islamabad: At least nine people, including a child and three policemen, were injured on Sunday when a bomb exploded near a police post in Peshawar, the fourth such attack in the northwestern Pakistani city in as many days. The blast occurred on the Ring Road near Mal Mandi,…

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Eurozone: the austerity allergy

Slowly but surely, the unthinkable is coming to be thought. Europe’s monetary marriage was supposed to admit no divorce, but the idea of Greece being put asunder is now being canvassed openly in Brussels and Berlin. The immediate reason for talking taboo is that there is no longer any government in Athens to do business with. But the underlying issues ...

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Photo essay: Patrolling for hearts and minds

The role of soldiers in Afghanistan has evolved since U.S. troops arrived in 2001 to strip the Taliban from power. Then, the emphasis was on combat. Today, much of what they do involves a daily regimen of patrols, like police officers walking the beat. Soldiers with the 1st…

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Another murder in Kabul

Another targeted killing in Kabul has exposed the obvious. There are elements at work that do not want to see political stability restored, and moreover, a just order come into being after the withdrawal of foreign troops from Afghanistan. That is manifest from the sporadic killings of noted figures that wanted to broker a thaw between the…

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