Beirut - Military police with the Palestine Liberation Organization in Lebanon arrested two terrorist suspects in the northern Lebanese refugee camp of Beddawi following a clash inside the chantytown, Palestinian sources said Friday.

According to the sources the two suspects were arrested after a major clash and were identified as Nader al-Ali and Khaled Jaber, who are accused of being members of a terrorist ring headed by wanted Lebanese citizen Abdul Ghani Jawhar.

Munich - German sports car manufacturer Porsche announced a huge jump in profits for the 2007/2008 financial year on Friday as Daimler AG and BMW reported a major slump in October sales.

Group profit before taxes in the 12 months up to the end of July soared to 8.57 billion euros (11.2 billion dollars) from 5.85 billion euros the previous year, Porsche said in a statement.

Dubai - The Ruler of the Gulf Arab Emirate of Dubai urged the new US government in a speech on Friday to focus on fixing its economy rather than wars.

"The financial crisis cannot be solved by going to war," said Sheikh Mohamed bin Rashid al-Maktoum in a the World Economic Forum in Dubai. "We advise the US administration to focus on their economy rather than wars."

Dubai, part of the United Arab of Emirates, and other states in the Gulf Arab region, have opposed any military action against Iran.

Brussels - European Union leaders agreed Friday to a common position on reforming the global financial system, officials at an emergency EU summit in Brussels said.

"There is a pretty detailed common position from Europe," said French President Nicolas Sarkozy.

Vienna- A 39-year-old Austrian who says he hacked five family members to death out of shame at losing money on the stock market was convicted of murder Friday and sentenced to life in prison.

A jury court in Vienna found the man guilty of killing his wife, seven-year-old daughter, parents and stepfather in May.

The defendant, a public relations manager, had run up 350,000 euros (450,000 dollars) in debt after playing the stock market for years, the court heard.

Beirut  - Lebanese military court investigator Judge Rachid Mezher issued on Friday eight arrest warrants for suspects involved in an explosion that killed five people in the Lebanese city of Tripoli in September.

The explosion on September 29 targeted a military bus carrying at least 20 soldiers, leaving at least five dead and 21 injured.

The explosion was part of a chain of sporadic bombings, mainly targeting the army.