US approves free trade agreements with South Korea, Colombia and Panama; trade agreements are expected to generate $13 billion in new exports for US; Julia Gillard drops asylum swap plan--will process asylum seekers onshore; South Korea will create task force to deal with crimes by US soldiers stationed there; Nigerian pleads guilty to US terror plot; Berlusconi calls for confidence vote in Italy; and more
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World News Brief, Wednesday August 10
Dow Jones takes steepest dive since Dec 2008; gold now a record US$1770 an ounce; experts fear policymakers do not have the financial or political clout to combat a second global recession; Chinese inflation at 6.5 per cent; US wants talks with North Korea to decide how to search for US soldiers killed there during the Korean War; 16,000 police will be on London streets to combat riots, says Cameron; US pledges $105 million for famine relief in Horn of Africa; and more
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BP releases report on US oil spill--points finger at Transocean and Halliburton; Japan to lower value of yen; tensions thaw between US and China; two US soldiers killed in Iraq; Obama unwilling to extend Bush-era tax cuts; and more
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