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Cyprus peace talks to continue next week in "good climate"

Cyprus peace talks to continue next week in "good climate" Nicosia  - The political leadership of the Greek and Turkish Cypriots on Monday held talks in a "good climate" on Monday, said UN special envoy Alexander Downer.

Downer added that the two will again meet for talks on reunifying the divided Mediterranean island on November 25.

Greek Cypriot President Dimitris Christofias spoke with his Turkish Cypriot counterpart Mehmet Ali Talat on topics related to the justice system and supreme court on Monday, Downer said on Cypriot broadcaster RIK.

White House, Congress on separate paths to help auto industry

White House, Congress on separate paths to help auto industryWashington  - The White House and Congressional Democrats agreed Monday that something must be done to rescue the US automotive industry, but they were far apart on how to get there.

Congressional Democrats appeared intent on taking 25 billion dollars from the 700-billion-dollar emergency bail-out legislation to help the industry, and were formulating further legislation expected to be introduced later Monday.

Obama, McCain hold first meeting since election

Obama, McCain hold first meeting since electionWashington  - US president-elect Barack Obama and his former opponent, Senator John McCain, met on Monday for the first time since the election, pledging to work together to meet the country's challenges.

Obama hosted McCain at his transition team headquarters in Chicago to have a "good conversation about how we can work together to fix up the country," the president-elect said.

Turner exhibit opens in Moscow, sponsored by Russian tycoon Usmanov

Turner exhibit opens in Moscow, sponsored by Russian tycoon Usmanov Moscow  - Works by William Turner, one of Britain's most prized artists, went on display Monday at Moscow's Pushkin Museum, the first time the artists' works have been exhibited in Russia in 33 years.

The show, which borrows the works from London's Tate Britain gallery, is entirely sponsored by Russian metals tycoon Alisher Usmanov, the largest shareholder in the London-based Arsenal football team. It comes despite the current financial crisis and diplomatic relations between the two capitals that have been on eggshells in recent years.

US awaits outcome of forces agreement in Iraqi parliament a

US awaits outcome of forces agreement in Iraqi parliament aWashington  - The United States was cautiously optimistic that an agreement establishing the legal basis for US troops in Iraq will be approved by the parliament in Baghdad, with the White House saying challenges remain in finalizing the deal.

"We're nearly there, but there are a couple more hurdles that we have to get through," White House spokeswoman Dana Perino said Monday, a day after Prime Minister Nuri al-Maliki's cabinet approved the agreement.

Bank of America to double stake in China Construction Bank

Bank of America to double stake in China Construction Bank New York  - Bank of America Corp said Monday it would almost double its stake in China Construction Bank Corp, ending speculation that it would dump its investment as a result of the widening global financial crisis.

Bank of America is increasing its stake to 19.1 per cent, or 44.7 billion shares, from 10.8 per cent. The shares can't be sold until August 29, 2011, without the Chinese bank's consent.

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