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Oil drops largest percentage in 7 years on crude build

NEW YORK, Jan. 7, 2009 (Reuters) — Oil prices slid 12 percent on Wednesday, the largest percentage drop in seven years, after a U.S. government report showed crude inventories rose much more than expected in the world's top energy consumer. ...  > full story

Fed, ECB prepare to tackle deflation head-on

SAN FRANCISCO, Jan. 4, 2009 (Reuters) — Officials from the Federal Reserve and the European Central Bank on Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession. ...  > full story

Thai police say cause of club fire still unclear

BANGKOK, Jan. 2, 2009 (Reuters) — The cause of a fire in a Bangkok nightclub that killed 59 New Year revelers is still not clear so it is premature to file criminal charges, Thai police said on Friday. ...  > full story

Researchers unlock secrets of 1918 flu pandemic

WASHINGTON, Dec. 30, 2008 (Reuters) — Researchers have found out what made the 1918 flu pandemic so deadly -- a group of three genes that lets the virus invade the lungs and cause pneumonia. ...  > full story

North Korea makes threat over aid loss: report

TOKYO, Dec. 29, 2008 (Reuters) — North Korea threatened to stop taking apart its nuclear plant that makes bomb-grade plutonium unless Japan provides it with energy aid as part of an international disarmament deal, Kyodo news agency said on Monday. ...  > full story

Japan output logs record fall

TOKYO, Dec. 26, 2008 (Reuters) — Japan's industrial output dived at a record pace and core consumer inflation fell faster than forecast in November, putting the shrinking economy on course for a spell of deflation next year. ...  > full story

China's goodwill giant pandas arrive in Taiwan

TAIPEI, Dec. 23, 2008 (Reuters) — A pair of giant pandas from China's fog-shrouded mountains reached an excited but wary Taiwan on Tuesday, a symbol of improved relations between the longtime political rivals who once stood at the brink of war. ...  > full story

Toyota sees first operating loss

NAGOYA, Japan, Dec. 22, 2008 (Reuters) — Toyota Motor Corp forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. ...  > full story

Bush throws lifeline to U.S. automakers

WASHINGTON, Dec. 20, 2008 (Reuters) — President George W. Bush bailed out U.S. automakers on Friday with $17.4 billion in emergency loans as he sought to stave off a collapse that would have cost hundreds of thousands of jobs. ...  > full story

Rice says only an idiot would trust North Korea

WASHINGTON, Dec. 19, 2008 (Reuters) — Secretary of State Condoleezza Rice said in an interview released on Friday only an "idiot" would trust North Korea, which is why the United States is insisting on a way to check its nuclear claims. ...  > full story
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