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Robert Mugabe resigns, celebrations erupt in the streets of Harare

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Zimbabwe's end of an era

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Video: An uncertain fate for US's transgender soldiers

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THE DEBATE

Enslaved in Libya:

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ENCORE!

Seal on his new album 'Standards' and why he doesn't like texting

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IN THE PAPERS

'The End of German Stability'

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IN THE PAPERS

'Bad news for Merkel is bad news for Europe'

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EYE ON AFRICA

Zimbabwean MPs set to start impeachment proceedings against Mugabe

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BUSINESS DAILY

US government sues to block AT&T-Time Warner merger

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Business

Markets ignore Obama fever, Dow Jones slides by more than 4%

Latest update : 2009-01-20

For the US markets, banking woes were stronger than the optimism surrounding the inauguration of Barack Obama as the 44th president. The Dow Jones Industrial Average slid 4.01 percent and the Nasdaq sank by 5.78 percent.

AFP - US stocks plunged Tuesday as renewed fears about the global banking sector offset optimism surrounding the inauguration of Barack Obama as the 44th president.
  
The Dow Jones Industrial Average slid 332.13 points (4.01 percent) to 7,949.09 at the closing bell, slipping below the key level of 8,000.
  
The Nasdaq composite sank 88.47 points (5.78 percent) to 1,440.86 and the broad Standard & Poor's 500 index lost 44.88 points (5.28 percent) to a preliminary close of 805.24.

Date created : 2009-01-20

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