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Police arrest five at Murdoch's Sun newspaper

4:50pm GMT

LONDON - Police on Saturday arrested five senior members of staff at News Corporation's flagship newspaper The Sun, the company said, as part of investigations into alleged payments to police by journalists for information.

Greece warns bailout rebels of unknown, dangerous path

4:57pm GMT

ATHENS - Greek leaders told a growing band of rebellious lawmakers on Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation down "an unknown, dangerous path" to default, international economic isolation and a deeply devalued drachma. | Video

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S&P downgrades 34 Italian banks

12:04am GMT

MILAN - Rating agency Standard & Poor's downgraded 34 Italian banks on Friday, including heavyweights UniCredit and Intesa Sanpaolo , citing a reduced ability to roll over their wholesale debt and expected weak profitability.

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Rock star welcome for Suu Kyi on Myanmar campaign trail

12:24pm GMT

WARTHINKHA, Myanmar - Tens of thousands of people lined the streets to give a rapturous welcome on Saturday to Myanmar Nobel laureate Aung San Suu Kyi as she hit the campaign trail for the first time in her bid to win a seat in the country's parliament.

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Exclusive - Future of bank benchmark rate under review

10 Feb 2012

LONDON - A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion (228.62 trillion pounds).

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Climax nears in Greek drama

12:41pm GMT

LONDON - Tortuous negotiations over a second bailout for Greece are set to come to a head on Wednesday, putting fragile market confidence to the test on the same day data is tipped to show the euro zone is entering a mild recession.

New snow trouble for Italy

Feb 11 - Snow hampers recovery operations at the stricken Costa Concordia ship and complicates transport in Rome for the second time this week. Sunita Rappai reports.

Felix Salmon

Rubber ducks explain the Greek negotiations

Is there really a done deal in Greece? The overloaded pirate ship is very precarious, and even if it manages to get everybody on board now — which is far from certain — it could still easily capsize a few months down the road.  Commentary 

John Lloyd

Europe’s welfare rock has made it a hard, undemocratic place

People have been accustomed to the idea that the state should protect its people from the hardships and, in some cases, the vicissitudes of life. For many citizens, that provision, coupled with security, was the point of government. But now, as each week brings little respite, ministers, prime ministers and presidents feel powerless.  Commentary 

Neil Unmack

Italy’s revival brings little joy to fund managers

Many bond investors have missed the best trade of 2012 so far. Italian 10-year government debt gained 8 percent in January while many fund managers were wary. Rather than chase prices higher, those who missed the boat may find more value in other corners of the euro zone periphery.  Commentary 

John Foley

Don’t bet against Glenstrata antitrust roadblock

Many customers see Glencore and Xstrata as one, even before their all-share merger. But that won’t stop regulators everywhere poking into Glencore’s secretive business. Market share in copper and zinc isn’t the only concern: bigger miners exert pressure on governments too.  Commentary 

Hugo Dixon

How to end the banker backlash

There was a whiff of the lynch mob last week, and the anti-banker phenomenon is widespread. Yet nobody batted an eyelid at the prospect of Facebook's Mark Zuckerberg being worth over $20 billion - the difference being people think Zuckerberg deserves his billions.  Commentary 

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