More UK students to be rejected by universities: report

(LONDON) Record numbers of A-level students in Britain, including thousands with straight-As, will be rejected by universities this summer as applications soar in the recession, according to the Daily Telegraph on Saturday.

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Infosys co-chairman to head India's IC project

(BANGALORE) Infosys Technologies Ltd, India's second-biggest provider of software services, said co-chairman Nandan Nilekani resigned after being chosen by Prime Minister Manmohan Singh to head a national identity-card project.

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Firewalker's faulty gene may shake up market for painkillers

(LONDON) A Pakistani boy who could walk on burning coals propelled drugmakers on a quest for the ultimate pain treatment that can ease an ailment as old as life itself without harmful side-effects.

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Home resales in May increase 2.4%

(WASHINGTON) Home resales in the US rose in May for a second month as record foreclosures caused prices to drop.

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Regulate hedge funds worldwide: IOSCO

(MADRID) Hedge funds should be required to register and disclose data to regulators to guard against their trading destabilising financial markets, the International Organization of Securities Commissions (IOSCO) said yesterday.

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Disputed vote not rigged, says Iran's supreme leader

IRAN'S supreme leader yesterday said that the disputed presidential vote had not been rigged, warning protesters to halt massive demonstrations demanding a new election or be held responsible for creating chaos.

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UK MPs' expenses officially published finally

(LONDON) Details of MPs' expenses were officially published yesterday, although with key information like addresses blacked out.

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Ex-CEO plundered retirement plan: AIG

(NEW YORK) The former top executive of American International Group Inc (AIG) plundered an AIG retirement programme of billions of dollars because he was angry at being forced out of the company, a lawyer for the insurer told jurors on Monday at the start of a civil trial.

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All eyes on BRIC summit for dollar signals

(MOSCOW) When the leaders of Brazil, Russia, India and China gather for their first full-fledged summit, they will be closely watched for signs of policy shifts that could affect the global role and strength of the US dollar.

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BOA chief grilled over Merrill deal

KENNETH Lewis told Congress on Thursday he didn't feel threatened when regulators said they might oust him as head of Bank of America Corp (BOA) if he scuttled the purchase of Merrill Lynch & Co. At least half a dozen members of Congress begged to differ.

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Film casts doubts on US food safety

(NEW YORK) Bigger-breasted chickens fattened artificially. New strains of deadly E coli bacteria.

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VW supports Qatar buying stake

(HAMBURG) Volkswagen would support the Gulf emirate of Qatar taking a substantial voting stake in either its debt-laden parent Porsche or in VW itself, Europe's largest carmaker said yesterday.

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