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Germans float direct EU control over Greek budget (AP)

January 28, 2012

AP – Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official in Berlin said Saturday.

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Yemeni president heads to US for medical treatment (AP)

January 28, 2012

AP – Yemeni President Ali Abdullah Saleh headed to the United States on Saturday for medical treatment, his spokesman said, the latest stage in an effort to distance him from his country’s policies to help ease a transition from his rule.

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Greece, creditors piece together debt deal (Reuters)

January 28, 2012

Reuters – Greece and its private creditors worked on stitching together the final bits of a complex debt swap agreement Saturday, amid growing optimism a deal will be clinched in time to avert an unruly default.

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Bankers resist regulatory restraint on bonuses (Reuters)

January 28, 2012

Reuters – Budding bankers expecting the bumper bonuses of years gone by will have to think again, with only the top performers likely to be paid top dollar.

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EU rejects call for control over Greek budget (AP)

January 28, 2012

AP – The European Union’s executive body is rejecting calls from Germany to establish a eurozone budget commissioner who would directly control tax and spending decisions in debt-ridden Greece.

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British police arrest 5 in tabloid bribery probe (AP)

January 28, 2012

AP – British police searched the offices of Rupert Murdoch’s British newspapers Saturday after arresting a police officer and four current and former staff of his tabloid The Sun as part of an investigation into police bribery by journalists.

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Topless protesters detained at Davos forum (AP)

January 28, 2012

AP – Three topless Ukrainian protesters were detained Saturday while trying to break into an invitation-only gathering of international CEOs and political leaders to call attention to the needs of the world’s poor.

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Arab League suspends Syria mission as violence rages (Reuters)

January 28, 2012

Reuters – The Arab League said on Saturday it had suspended its monitoring mission in Syria because of “the critical deterioration of the situation” as state security forces battled rebels holding three suburbs just outside Damascus.

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Arab League halts observer mission in Syria (AP)

January 28, 2012

AP – The Arab League halted its observer mission to Syria on Saturday, sharply criticizing the regime of President Bashar Assad for escalating violence in recent days that has killed at least 80 people across the country.

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Obama to senators: Change the way you do business (AP)

January 28, 2012

AP – President Barack Obama is pressing his case for changes in how the Senate does business, hoping to ease the partisan gridlock, and he wants to bar lawmakers from profiting from their service.

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