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Iraq's Prime Minister nominated for Nobel peace prize

Deadly attacks kill 11, wound more than 20 in Iraq Baghdad - The Iraqi prime minister Nouri al-Maliki was nominated Wednesday for the Nobel Peace Prize, according to a government source.

The government nominated Maliki for his efforts in sustaining peace in Iraq, the Iraqi national information center said in a statement quoted by the Voices of Iraq (VOI) news agency.

Brussels proposes strict rules on credit rating agencies

Financial CrisisBrussels - The European Commission on Wednesday proposed tough rules designed to improve the functioning of credit rating agencies, which have been partly blamed for the global financial crisis.

The proposals, put together by European Internal Market Commissioner Charlie McCreevy, are designed to "restore market confidence" by imposing strict conditions on rating agencies wishing to operate in the European Union.

If approved by member states and the European Parliament, the proposals will place rating agencies under the control of European supervisors.

Mumbai anti-terror squad arrests Uttar Pradesh religious leader

Mumbai anti-terror squad arrests Uttar Pradesh religious leaderKanpur, Nov. 12 : A prominent religious leader of Uttar Pradesh was arrested on Wednesday by anti-terror squad officials of Mumbai on suspicion that he had played a role in the Malegaon bomb blasts.

Dayanand Pandey was arrested in Kanpur and is being taken to Lucknow for further questioning, said Uttar Pradesh’s Additional Director General of Police (Law and Order) Brijlal.

Pandey reportedly heads a religious outfit in Jammu.

French investment bank says loss not as large as reported

Natixis LogoParis - After denying that it had lost nearly 1 billion euros (1.26 billion dollars) in trading last month, French investment bank Natixis on Wednesday said it had incurred losses of about one fourth that amount.

In a statement, Natixis said its trading losses for October totalled about 250 million euros and were due to an "extremely difficult (market) that was without precedent for its activities."

The investment bank also said it had made provisions of another 250 million euros in October because of the risks associated with the finance crisis.

India test fires new Supersonic Missile

India test fires new Supersonic MissileNew Delhi, Nov. 12th, 2008 --India successfully test-fired a new supersonic surface-to-surface missile (SSM) today, capable of hitting targets 600 km away.

The surprise announcement about the new missile, named Shourya (or Valour) was made after the test was conducted at 0955 UAE time. It was not stated if the missile is tactical or nuclear-capable but it may be recalled that India's Defence Research and Development Organisation (DRDO) has had notable successes in missiles since
2007.

UAE supports UN funds with US$668,000

United Nations High Commission for Refugees (UNHCR)New York, Nov. 12, 2008 -- The UAE Tuesday presented US$668,000 to the UN in support of the latter's development activities and programmes for the year 2009.

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