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Merkel open to idea of European banking union
German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to the continent's financial crisis. Her support as leader of the EU's biggest economy could be crucial for the concept, which aims to strengthen the eurozone and calm jittery markets.Europe's worsening debt crisis is raising concerns well beyond the continent. Finance

Spain under pressure to outline banks rescue plan

Spain was under pressure on Monday to reveal what it intends to do about its troubled banking sector as the government's borrowing rates in the bond markets stayed at worryingly high levels,

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Spain PM insists on sticking to austerity measures

Spain will stick to harsh austerity measures until it emerges from financial crisis, the prime minister said Saturday, promising that the country would survive the present economic turmoil.

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Intelsat 19 Launch Success Refreshes Prime Asia-Pacific Video Neighborhood; Extends Global Mobility Broadband Infrastructure Across Asia-Pacific

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Chinese economy facing downside risks
China's economic downside risks have been aggravated by slowing expansion in the manufacturing sector and weak market demand, China Daily reported Saturday.

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Man on a mission

In the Indian government, it is said, there are only three people who really matter — the prime minister, the chief minister and the district collector. Yeduguri Sandinti Jaganmohan Reddy, or

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