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Lehman inches closer to deal with creditors
NEW YORK — Lehman Brothers Holdings Inc. has filed a revised bankruptcy plan that could allow what is left of the failed investment banking giant to repay some $65 billion to…
Brussels eyes EU sales tax, financial tax in budget overhaul
BRUSSELS — The European Commission on Wednesday urged the introduction of an EU sales tax and financial services tax as part of an overhaul of the next EU budget that brought…
Canada sells nuclear energy firm to SNC-Lavalin
OTTAWA — Canada has sold its atomic energy firm to the nation's largest engineering company SNC-Lavalin, Natural Resources Minister Joe Oliver announced Wednesday.SNC-Lavalin has been a longtime partner in Atomic Energy…
Police recover purported Eva Peron tiara
MADRID — Spanish and Italian police have recovered stolen jewels worth six million euros ($9 million), including a tiara that may have belonged to the late first lady of Argentina Eva…
Hewlett Packard announces China expansion plans
BEIJING — US computer maker Hewlett Packard on Wednesday announced wide-ranging plans to expand in China, with a string of research centres and manufacturing facilities in several Chinese cities.By the end…
Europe's last 'sherpas' going strong in Slovakia
HREBIENOK, Slovakia — Barely visible under a keg of beer, bottles of water and sacks of heating coke on his back, Slovak Edo Liptak sets out on his gruelling daily climb…
Samoa confirms dateline switch
APIA — Samoa's parliament has confirmed a plan to switch timezones so that it lies to the west of the international dateline, bringing its clocks closer to major trading partners in…
Fugitive ex-leader Thaksin dominates Thai election
SANKAMPHAENG, Thailand — With his vast riches and family ties, fugitive former Thai leader Thaksin Shinawatra may be on the verge of a remarkable comeback, despite being convicted of graft and…
Mandarin Oriental joins Asian hotel invasion of Paris
PARIS — The Mandarin Oriental opened its doors in Paris on Tuesday, becoming the third top-end Asian hotel brand in less than a year to put out its shingle and woo…
Kusturica begins construction of stone city for new film
SARAJEVO — Award-winning director Emir Kusturica launched on Tuesday the construction of a historic town in Visegrad, a set for his forthcoming film based on a novel by Nobel prize laureate…
Triumph motorbikes to enter India in 2012
MUMBAI — Iconic British motorcycle maker Triumph said Tuesday it planned to enter India in 2012 to tap growing demand for bikes in the country, which is the fastest growing two-wheeler…
Microsoft takes Office into the 'cloud'
NEW YORK — Microsoft took its Office software into the Internet "cloud" on Tuesday, moving the suite of popular business tools online amid budding competition from Google's Web-based products.Microsoft chief executive…