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  • Qatar Telecom boosts stake in Kuwaiti telecom firm Sunday, 7 Oct 2012 | 4:36 AM ET

    DUBAI, United Arab Emirates-- Qatar Telecom says it is paying $1.8 billion to substantially boost its stake in Kuwaiti telecommunications operator Wataniya. Qatar Telecom, or Qtel, didn't say who sold the shares. It has more than 83 million customers in the Middle East, North Africa and Asia.

  • Iran's parliament drops impeachment over economy Sunday, 7 Oct 2012 | 3:17 AM ET

    TEHRAN, Iran-- Iran's parliament on Sunday abandoned its planned impeachment of a Cabinet minister over the free-fall of the country's currency, opting instead to look for more effective economic measures, like cutting spending.

  • Etihad Airways reports 19 percent jump in Q3 sales Sunday, 7 Oct 2012 | 2:08 AM ET

    DUBAI, United Arab Emirates-- Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion. Like regional rivals Emirates and Qatar Airways, the airline is rapidly expanding its network, increasing the amount of cash it takes in.

  • Iran rulers eye currency mess from protected perch Sunday, 7 Oct 2012 | 12:30 AM ET

    DUBAI, United Arab Emirates-- Just as Iran's currency was rattling near bottom after a stunning free fall, officials in Tehran opened a trade exhibition that included advanced engineering tools, heavy machinery and robotics.

  • Bombardier workers reject contract, vote to strike Saturday, 6 Oct 2012 | 9:05 PM ET

    WICHITA, Kan.-- Bombardier Learjet workers rejected a contract offer and voted to strike Saturday, moves that will have them walking the picket line starting early Monday, a machinists union spokesman said.

  • Ecuador to advise Tunisia on debt negotiations Saturday, 6 Oct 2012 | 3:04 PM ET

    QUITO, Ecuador-- Ecuador's President Rafael Correa says his country will advise the North African nation of Tunisia on possible renegotiation of its debts. He says he will send a mission to explain what Ecuador did in 2009 when it renegotiated about $3 billion in debts after declaring many of them illegitimate.

  • Somalia president appoints a new prime minister Saturday, 6 Oct 2012 | 2:47 PM ET

    MOGADISHU, Somalia-- Somalia's president has appointed a new prime minister, a businessman who worked as a government economist in the 1980 s. Abdi Farah Shirdon was named prime minister on Saturday. Shirdon studied economics at Somalia National University in the 1970 s.

  • Ecuador to advise Tunsia on debt negotiations Saturday, 6 Oct 2012 | 2:23 PM ET

    QUITO, Ecuador-- Ecuador's President Rafael Correa says his country will advise the North African nation of Tunisia on possible renegotiation of its debts. He says he will send a mission to explain what Ecuador did in 2009 when it renegotiated about $3 billion in debts after declaring many of them illegitimate.

  • Thousands march to protest austerity cuts in Spain Saturday, 6 Oct 2012 | 2:22 PM ET

    MADRID-- Several thousand people marched in downtown Madrid on Saturday to protest austerity measures they say will lead to cuts in cherished national health care and the privatization of public services. Spain is experiencing its second recession in three years, is burdened with an unemployment rate of nearly 25 percent and social unrest is on the rise.

  • Calif. gas prices hit all-time high Saturday, 6 Oct 2012 | 2:05 PM ET

    The price of gasoline hit an all-time average high in California of $4.6140 a gallon Saturday, fueled by a reduced supply and a volatile market. AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.

  • Crisis highlights running dispute over US fish law Saturday, 6 Oct 2012 | 11:53 AM ET

    BOSTON-- The law that governs the nation's fisheries was passed 36 years ago to oust foreign boats working in U.S. waters. The law has become "an impediment to keeping the fishing industry alive," said Scituate fisherman Frank Mirachi.

  • Foxconn denies worker unrest slows iPhone assembly Saturday, 6 Oct 2012 | 10:21 AM ET

    BEIJING-- Foxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently over higher quality control standards.

  • Iran currency rebounds after protests Saturday, 6 Oct 2012 | 9:07 AM ET

    TEHRAN, Iran-- Iran's national currency is rebounding from record lows, days after protests flared in the country's largest display of anger at economic conditions since Western sanctions were tightened this summer. It was 24,000 rials earlier in the week, and close to 10,000 rials as recently as early 2011..

  • IMF chief predicts sustainable Gulf growth Saturday, 6 Oct 2012 | 8:51 AM ET

    RIYADH, Saudi Arabia-- The head of the International Monetary Fund said Saturday that the economies of the oil-rich countries of the Gulf Cooperation Council will continue to enjoy high growth rates, although at reduced rates.

  • Regulator acts against India's Kingfisher Airlines Saturday, 6 Oct 2012 | 8:34 AM ET

    MUMBAI, India-- Indian regulators have asked Kingfisher Airlines to explain why their license shouldn't be revoked as a strike forces the cash-strapped carrier to cancel flights through Friday. "From a safety point of view, there are no problems," he told India's NDTV.

  • Foxconn workers halt production at iPhone plant Saturday, 6 Oct 2012 | 7:21 AM ET

    BEIJING-- Foxconn Technology Group denied on Saturday that production was affected at a Chinese factory that makes Apple's iPhones, although both state media and an overseas labor watch group said some workers halted production lines on Friday, apparently over higher quality control standards.

  • EU to present banking union blueprint at summit Saturday, 6 Oct 2012 | 6:50 AM ET

    VALLETTA, Malta-- EU Commission President Jose Manuel Barroso says a blueprint for a banking union and supervision of the banking system will be presented at the EU's October summit as part of measures to raise confidence in the euro currency.

  • Calif. gas prices equal all-time high Saturday, 6 Oct 2012 | 6:24 AM ET

    LOS ANGELES-- The price of gasoline equaled the all-time average high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market. AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.

  • Report: ECB official says no help on Greek bonds Saturday, 6 Oct 2012 | 5:22 AM ET

    BERLIN-- A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates. Prime Minister Antonis Samaras, who wants more time to enact reforms and budget cuts, has suggested the ECB could help that way.

  • Calif. gas prices will rise, then fall next week Saturday, 6 Oct 2012 | 4:21 AM ET

    LOS ANGELES-- California gas prices will increase for several more days before leveling off after a temporary reduction in supply triggered a price spike that saw fuming motorists paying $5 or more per gallon in some locations and station owners shutting down pumps in others.