October 25th, 2011
01:35 PM GMT
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Hong Kong, China (CNN) – Shareholder support for the 15-member board of News Corp. is being questioned after the company’s annual meeting in Los Angeles.

Last Friday’s votes – only now publicized – reveal the less-than-stellar outcome for CEO Rupert Murdoch and his sons, James and Lachlan.

Murdoch’s sons appear to have been the lightning rods for shareholder anger. The anger stems from the hacking allegations of the now-defunct News of the World tabloid - which was owned by News Corp.
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October 25th, 2011
04:45 AM GMT
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Hong Kong (CNN) – India is expected to overtake fellow Asian powerhouse China in terms of GDP growth in 2013, according to a new report from Ernst and Young.

India is forecast to achieve 9.5% growth, compared with China’s expected 9%. FULL POST



October 25th, 2011
03:32 AM GMT
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(CNN) – While it lacked the winding queues and applause normally associated with an Apple launch, the release of Steve Jobs' authorized biography still made a splash.

It hit stores earlier than planned, as publishers Simon & Schuster moved to meet the wave of public interest in Jobs following his death. Before it was even unveiled, the book was a blockbuster. FULL POST

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October 24th, 2011
08:20 PM GMT
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Moscow (CNN) – You can’t visit Moscow without visiting Gorky Park. It’s one of Europe’s biggest public spaces, and through the Martin Cruz Smith novel and 1983 film, became an international symbol of the paranoia and intrigue of the Soviet Union.

It was built in 1928 as an embodiment of the Soviet ideals of public health and public space, but gradually that ideology was forgotten, and the park fell into disrepair. Now though, that’s all changing.
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October 24th, 2011
01:13 PM GMT
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Brussels (CNN) – Here in Brussels Europe's heads of government talked their way through lunches, dinners and various press conferences at the weekend as they moved closer to finalizing a 'grand plan' to end the eurozone's sovereign debt crisis.

Despite hours of hard talk, the outcome was decidedly soft, with politicians promising that progress had been made and details remaining sketchy at best.

Leaders of the union's 27 countries are trying to hammer out a plan to restore fiscal order among the 17 of its member states that share the euro as their common currency-collectively known as the eurozone.
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October 21st, 2011
07:48 AM GMT
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(CNN) – The floods in Thailand may cost the country more than tumultuous political uprisings did last year, as officials revise GDP growth expectations and maintain interest rates.

The Thai economy is now expected to grow less than 3% this year, down from previous estimates that put growth at around 4%, according to the Governor of the Bank of Thailand, Prasarn Trairatvorakul. This translates into shrinking 1.1% in the fourth quarter from a year earlier, Finance Minister Thirachai Phuvanatnaranubala told Reuters. Interest rates will remain unchanged at 3.5%, the first time rates were not increased since 2006.

In 2010, when “red shirt” antigovernment protesters clashed with the military in violent uprisings, the GDP grew 7.8%, according to an IMF report, despite concerns that the chaos would scare away tourists and investors.
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October 20th, 2011
08:40 PM GMT
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London (CNN) - Deposed Libyan leader Moammar Gadhafi’s death injects fresh impetus into Libya’s move toward a stable economic and political influence in the region, but the transition remains difficult, according to regional experts.

The export-led country’s huge oil reserves, the largest in Africa, are a key resource to assist the country’s recovery, but a return to prewar output will be slow and complicated. According to the International Monetary Fund, oil has accounted for more than 95% of export earnings and 75% of government receipts in 2010.

If properly managed, they could contribute to the country’s long term prosperity, according to Edward Djerejian, the founding director of the Baker Institute for Public Policy at Rice University.  And under Libya's new leadership, the National Transitional Council, there are hopes oil capacity – over time – will increase, helping push down global prices.
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October 20th, 2011
04:09 PM GMT
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London (CNN) – Where do you draw the line between your professional and working life? It is the eternal unanswered question for ambitious people, but it was tested to its limits yesterday in Paris – a case study par excellence.

Just to put this in context: the world economy isn’t quite on its knees, but it’s heading that way. A collapse in the world economy would cause untold damage to millions of people, disproportionately affecting the most vulnerable.

What could tip the balance is a collapse of the eurozone, something world leaders are working to prevent. There are two people who matter more than most in these discussions and they are the leaders of France and Germany– the two most powerful eurozone economies and its main political backers.
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October 19th, 2011
05:44 PM GMT
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London (CNN) – It’s not everyday that I wake up to the smell of £250,000.

So, when I saw what was on offer this morning – create an orderly plan for countries to exit the euro and win just shy of US$400,000  – I started to think of my options.

But what would be my plan? Is an exit from the euro even viable?

Some background: Lord Wolfson, CEO of retailer Next, announced the Wolfson Economics Prize, the second largest economics cash prize next to the Nobel, to be awarded to the person who comes up with the least painful way for European nations to disentangle themselves from the European Monetary Union, which unites 17 nations under a single currency.
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October 19th, 2011
06:57 AM GMT
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Hong Kong (CNN) – China’s ‘Great Firewall’ keeps Chinese fans from following their favorite foreign stars on Twitter or Facebook, which are blocked in the mainland.

So more athletes and celebrities are jumping the fence.

Soccer star Cristiano Ronaldo is the latest to start his own Chinese microblogging site to build an online presence in the world’s second largest economy.
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