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At least 3 dead in grenade attack in Bujumbura

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Inequality, sexism and the movie industry

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Sienna Miller on motherhood, her new movies and Cannes glamour

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After the Fall of Ramadi, Palmyra: Did the West Underestimate the Jihadists?

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THE WORLD THIS WEEK

Migrants and Immigrants: A Global Crisis

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Behind the scenes of French gastronomy

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EYE ON AFRICA

Protests continue in Burundi as calls mount for election delay

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EYE ON AFRICA

Burundi: Nkurunziza delays parliamentary polls as clashes continue

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EYE ON AFRICA

At least two killed in fresh protests in Bujumbura

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German Bundestag approves bank bailout

Latest update : 2008-10-17

The German lower house of parliament approved a 480 billion euro rescue plan for Germany's banks, clearing the first parliamentary hurdle for the package to pass. The plan is part of a multinational agreement to prevent financial collapse in Europe.


  
The German lower house of parliament approved Friday the government's 480-billion-euro (650-billion-dollar) rescue package for the crisis-ridden financial sector.
  
A total of 476 parliamentarians voted for, 99 voted against and one abstained.
  
The Bundestag vote was the first parliamentary hurdle for the package to pass. It must now be approved by the upper house or Bundesrat, before it can be signed into law by President Horst Koehler later on Friday.

Date created : 2008-10-17

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