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China's politically charged trade surplus shrank for the third year in a row in 2011

China export growth slows on weak demand from Europe

Growth in China’s exports slowed in December because of sluggish demand from the US and Europe. Exports rose by 13.4% from a year earlier, the customs agency said, down from 13.8% in November. Import growth also slowed, rising 11.8% compared with the previous year, much lower than the 22.1% growth in November. The latest figures […]

Mahmoud Ahmadinejad and Hugo Chavez lavished each other with praise

Iran’s uranium enrichment is escalation, says US

The US has said Iran’s enrichment of uranium at an underground site is “a further escalation” of its ongoing violation of UN resolutions. The warning comes after the UN’s nuclear watchdog confirmed that Tehran had begun enriching uranium up to 20% at its northern Fordo plant. Analysts say 20% enrichment is an important step towards […]

Cameron denies ‘dictating’ terms of Scottish referendum

Cameron denies ‘dictating’ terms of Scottish referendum

David Cameron has said he is not trying to “dictate” the terms of a Scottish independence referendum. Government sources have denied reports Westminster wo uld set an 18-month limit on holding the poll, if it transfers powers for a binding vote to Holyrood. But ministers may insist on a “yes or no” vote on independence […]

What is behind Nigeria fuel protests?

What is behind Nigeria fuel protests?

What is behind Nigeria fuel protests? (CNN) — Nigeria, Africa’s largest oil producer, ended oil subsidies on New Year’s Day that had kept gasoline prices artificially low. The cost of a liter of gasoline shot up from 65 naira (40 cents) to at least 141 naira (86 cents) virtually overnight. Furious Nigerians have since taken to the streets, […]