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Five Nobel laureates favour regulation of financial markets

Berlin - Five past winners of the Nobel Economics Prize generally favour an increase in regulation of financial markets, the German news magazine Der Spiegel reported Saturday.

The magazine said it asked them for comment before key world leaders hold a G20 meeting on the crisis in Washington.

Those asked for a recipe were four US academics, Joseph E Stiglitz, Paul A Samuelson, Edmund S Phelps and Robert E Lucas and one German, Reinhard Selten.

Lucas was quoted saying the best solution would be a competitive banking system where deposits were guaranteed by the state.

Jordan premier visits Qatar as part of efforts to improve relations

Jordan premier visits Qatar as part of efforts to improve relations Amman - Jordanian Prime Minister Nader Dahabi flew to Doha Saturday for a two-day state visit to Qatar designed to open a new chapter in relations between the two Arab countries which have not been on good terms over the past decade.

Jordan's efforts to improve ties with Qatar started last week when the chief of the Jordanian royal court Nasser Lawzi took a message from King Abdullah II to Qatar's ruler Sheikh Hamad Bin Khalifa Al Thani.

"Scolari effect" is making Chelsea a happier place again

"Scolari effect" is making Chelsea a happier place againLondon - Ever since Roman Abramovich bought Chelsea in the summer of 2003, the sight of Chelsea at or near the top of the English Premier League table has become a common one.

Back-to-back Premier League successes in 2005 and 2006 soon followed but after an impressive first season under Jose Mourinho they were never loved by fans for their style, which was pragmatic, at best.

Until now, that is.

Anti-nuclear demonstrators in Germany obstruct waste train

Anti-nuclear demonstrators in Germany obstruct waste trainBerlin - Thousands of anti-nuclear demonstrators were trying Saturday to obstruct a tightly guarded convoy of spent nuclear fuel on its way to a German waste dump.

Near the warehouse in Gorleben in the northern German countryside where many tons of radioactive waste are stored, some 14,500 demonstrators attended a protest rally accompanied by bands, police said.

Spain deports bin Laden son after denying political asylum

Spain deports bin Laden son after denying political asylumMadrid - Spain on Saturday deported the son of al-Qaeda leader Osama bin Laden who had spent almost a week in the country trying to get political asylum.

Omar bin Laden, 28, boarded a plane bound for Cairo on Saturday, Spain's Interior Ministry confirmed. Bin Laden's lawyer criticized the move, saying bin Laden was being removed for political reasons.

Bin Laden applied for asylum in Spain on Monday. He and his British wife, Zaina al-Sabah, 52, were in Madrid on a stopover for a flight from Cairo to Casablanca in Morocco.

Leverkusen throw away three-goal lead in 3-3 Karlsruhe draw

Leverkusen throw away three-goal lead in 3-3 Karlsruhe drawHamburg - Bayer Leverkusen threw away a 3-0 lead in a 3-3 draw at SC Karlsruhe on Saturday as they failed to go top again in the Bundesliga standings.

Patrick Helmes, Stefan Kiessling and Michal Kadlec were on target in the opening 24 minutes for Leverkusen who appeared on course for a fifth straight victory.

But Karlsruhe rallied from Anthony da Silva, Tim Sebastian and Alexander Iashvili to earn a point after losing the previous five matches.

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