IMF downgrades world growth outlook

THE International Monetary Fund (IMF) has slashed its 2014 growth forecast for China, Australia's number one trading partner. Updating its April World Economic Outlook on Tuesday, the IMF downgraded its world growth forecast for this year and...

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'United Stasi of America' on US embassy

A GERMAN artist has projected the message "United Stasi of America" onto the US embassy in Berlin, likening reported sweeping Internet surveillance by Washington to spying by the former East German secret police. A US embassy spokesperson told...

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Snowden agrees to asylum in Venezuela

US intelligence leaker Edward Snowden, who has been holed up in a Moscow airport for more than two weeks, has agreed to an offer of political asylum from Venezuela, a top pro-Kremlin MP says. "As was expected, Snowden agreed to (Venezuelan President...

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US stocks rise on earnings optimism

US stocks have opened higher on optimism about corporate earnings, even as the International Monetary Fund slashed its global economic growth forecast. Five minutes into trade, the Dow Jones Industrial Average rose 69.40 (0.46 per cent) to 15,294.09....

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Carr talks tough on boat arrivals

BOAT arrivals with a genuine fear of persecution shouldn't be burning their passports and reciting identical stories, Foreign Minister Bob Carr says. Senator Carr said asylum seeker numbers had spiked and 20 per cent of Australia's immigrants...

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UK Labour leader to reform trade unions

BRITISH opposition leader Ed Miliband has proposed to overhaul his Labour party's historic relationship with the trade unions, risking millions of pounds in political donations. The unions helped found Labour in 1900 but Miliband vowed to end...

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French diet guru Dukan sanctioned for drug

FRANCE'S medical order has sanctioned nutritionist Pierre Dukan, whose high-protein diet has seen him sell millions of books and win over a slew of famous followers, for having prescribed a slimming drug linked to hundreds of deaths. Dukan,...

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