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SURAT: Panic gripped the diamond city as police on Tuesday recovered 12 live bombs, one after another within a span of four hours, from different parts of the Varacha area where most of the diamond units are located. ( Watch )
Three bombs were recovered and successfully defused by the bomb disposal squad at the [...]

GENEVA (Kyodo) Japan may accept many of the compromise proposals put on the negotiating table at the World Trade Organization for a free-trade accord, trade sources said Sunday.
Japan is finding it difficult to hold out against the proposed target of 4 percent that each wealthy nation will be allowed to designate as sensitive farm products [...]

Reporting in April by MBC on the danger of mad cow disease appears to have been distorted, and intentionally edited to unduly highlight the risks of the brain-wasting illness, prosecutors said yesterday.
Announcing the interim results of an investigation into the case, prosecutors reiterated its call for the broadcaster to submit materials “to clear up public [...]

PARIS (Reuters) - Telecoms gear maker Alcatel-Lucent on Tuesday ditched its chairman and chief executive as it tries to galvanize a still-fragile merger following a series of profit warnings and falling market share.
Chief Executive Pat Russo, long rumored to be on an ejector seat at the world’s largest provider of fixed-line telecoms equipment, will leave [...]

NEW YORK (Reuters) - Merrill Lynch & Co said on Monday it will take a $5.7 billion third-quarter write-down as it unloads huge amounts of risky debt, and will raise $8.5 billion by selling new stock.
The Wall Street investment bank and brokerage announced its plans less than two weeks after posting a $4.9 billion second- [...]

Turkey’s Constitutional Court is meeting to consider if the governing AK Party should be banned for alleged anti-secular activities.
It is the culmination of a series of clashes between the party, which has Islamist roots, and the secular elite.
The AKP, which won a huge poll victory last year, denies it wants to create an Islamist state [...]

The recent flareup in the territorial dispute over South Korean-held islets in the Sea of Japan has affected 104 bilateral exchange programs, including the cancellation of 63.
Most of the cancellations, postponements, suspensions and reductions in size of such events, including visits and sports events, were at the request of South Korea.
The government decided earlier this [...]

AMSTERDAM (Reuters) - Kohlberg Kravis Roberts & Co’s KKR.UL Amsterdam-listed fund jumped 27 percent during morning trade on Monday after the private equity group detailed plans to list in New York in a public offering.
Under public offering plans detailed by the investment group on Sunday, shares in the Amsterdam listing, KKR Private Equity Investors (KPE) [...]

ISTANBUL (Reuters) - The death toll in two bomb blasts in Istanbul rose to 17 on Monday in an attack that sharply increased tension as a top court began deliberating on whether to ban the governing party.
The toll rose when one person died from wounds sustained in the Sunday evening blasts in a working class [...]

An Egyptian criminal court has found the owner of a Red Sea ferry not guilty of manslaughter over the deaths of more than 1,000 passengers in an accident in 2006, court sources say.
Mamdouh Ismail, a member of Egypt’s upper house of parliament at the time of the disaster, was tried in absentia because he left [...]