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The International Herald Tribune
IHT.com News Alert


Paris, Wednesday, February 20, 2008

Fidel Castro steps down as president of Cuba after long tenure
The announcement put Raúl Castro in position to be selected as the head of state when the National Assembly meets Sunday, cementing the power structure that has run the country since Castro fell ill.
- Little likelihood Castro's resignation will end U.S. trade embargo
- Reactions to Castro's resignation are muted on streets of Havana
- A quiet reaction from Cuban exiles in U.S.
- Excerpts from Castro's letter
- Bush greets Castro resignation

Serbs torch border posts in northern Kosovo
The violence, two days after Kosovo declared independence, forced NATO troops to intervene and fanned fears that the Serbian-dominated north could boil over into violence and lead to the partition of the newborn country.
- EU split over recognition could undermine Kosovo

Chinese inflation rises to highest rate in 11 years
An increase in Chinese consumer prices is expected to put pressure on prices in the U.S. and Europe.

With India's new affluence comes the divorce generation
In courtroom battles across the subcontinent, in cases brought by slum dwellers and outsourcing workers and millionaires alike, Indians are fighting in growing numbers to divorce.

Crude oil closes above $100
The price rise of more than 4 percent in New York on Tuesday capped a weeklong run-up that began when Venezuela threatened to cut off oil exports to the United States.

Bhutto's party claims victory in Pakistan
After parliamentary elections, the Pakistan People's Party said it would form a government of national consensus and reach out to those who are fighting against the state.
- U.S. scrambles to salvage its Pakistan policy
- Many women avoided polls in troubled Pakistan province

Credit Suisse jolts investors with $2.85 billion write-down
The Swiss bank said the new write-downs would cut $1 billion from its profit and that it had suspended traders.
- Bank of Montreal suffers write-down
- Wall Street banks expect billions more in write-downs
- Federal Reserve rate reductions are giving banks a lift
- Barclays's profit slides 3.4%
- European governments won't let banks fail

Liechtenstein defends its banks in German tax-evasion inquiry
Liechtenstein's crown prince, Alois, said his country would take legal steps to protect banking clients from German investigators, who have mounted a campaign to expose wealthy people suspected of sheltering money.
- Germany re-examines ethics as police raids expand in tax evasion case
- Political elite in Germany seek distance from Deutsche Post chief

Two of 4 paintings stolen in Zurich heist are recovered
The paintings. by van Gogh and Monet, were recovered undamaged from an abandoned car near the museum, the E.G. Bührle Collection, where the armed robbery took place, the Swiss police said Tuesday.
- Art theft's less than glamorous reality
- Big art theft in Zurich raises fears for smaller museums
- Armed robbers steal 4 masterworks in Zurich
- Two Picasso paintings stolen from Swiss exhibition, police say
- Some of the biggest art thefts in recent times

Massachusetts governor defends Obama from plagiarism charge
A top ally of Barack Obama, Governor Deval Patrick defended the Democratic presidential candidate on Tuesday against charges that he had plagiarized a speech from Patrick himself.
- Democrats make populist appeals before contests
- Clinton camp accuses Obama of plagiarizing in speech

Bush, in Rwanda, urges all nations to end killings in Darfur
President George W. Bush said the United States would use sanctions or other pressure to help resolve the conflict in Sudan's western region of Darfur.
- Bush, in Tanzania, highlights anti-malaria effort

Microsoft steps up its fight for Yahoo
Unless Yahoo quickly enters into talks, Microsoft will pursue a lengthy campaign to remove the company's board.
- Ahead for Yahoo and Microsoft: Clashing cultures
- Yahoo chief explains rejection of Microsoft bid

Kerviel continued trades after Société Générale bosses received queries
Court documents also show Kerviel's trading activities exposed Société Générale to a trading loss in July.

Those who aspire to be green may want to cut back on travel
The emissions generated by car travel - commuting, grocery shopping, driving children to school - dwarf the emissions created by heating or lighting your home. And the emissions generated when you fly smother all your good green intentions.
- Carbon dioxide produced by various activities
- Porsche challenges London gas guzzler tax

Prada: Erotica and old lace
As the models walked down the steep runway in dresses as dark as pitch, just a nude-toned neckpiece suggesting something edgy underneath, the Prada collection seemed a world away from last season's subversive flutter of fairies.


BUSINESS
Crude oil closes above $100
Liechtenstein defends its banks in German tax-evasion inquiry
U.S. stocks turn down after oil spikes
Credit Suisse shakes investor confidence by revealing pricing errors
Former Société Générale trader had big bets in place as early as July
Strong order book lifts profit at Hewlett-Packard
Microsoft steps up its fight for Yahoo
MBIA ousts its chief executive and brings back his predecessor
Toshiba saw the tide turning against it in DVD format battle
Dubai investment fund plans to spend in Asia
Delta Air Lines said to be near a Northwest deal
InterContinental keeping up hotel-a-day pace despite U.S. worries


TECHNOLOGY
Toshiba saw the tide turning against it in DVD format battle
Microsoft may begin proxy fight for Yahoo
U.S. Web site that posts leaked material ordered shut
Strong order book lifts profit at Hewlett-Packard
Thomson wins regulatory approval to buy Reuters
Publisher at Los Angeles Times gets no benefit of the doubt
Smugglers and friends help Chinese connect with iPhone
BBC ends shortwave service in Europe
TrialPay makes it hard to resist the deal
Silicon Valley is fast losing middle-class work force, report says
BlackBerry maker and Motorola accuse each other of patent infringement
Traffic jam slows down 3G wireless communications
Software AG on its way to recovery
Ahead for Yahoo and Microsoft: Clashing cultures
A Silicon Valley start-up says it can predict others' fate
Tragedy strikes campus, and college paper leads coverage
Language lessons could be just a click away
Providers get a piece of ad income


EDITORIAL & OPINION
Much ado about head scarves
Not following through on the global tobacco threat
U.S. retreats on cleaner coal
New fluorescent lights, and new recycling problems
Taking aim at a satellite
Echoes of 'Nam
Bowring: What about all the other Kosovos?
Cohen: A realist called Obama
Kristof: McCain: The worst panderer
Dowd: Candidates and history's caprice
Taking the responsibility to protect
Make the peace work
McCain, small-c and large-C
No secret deal
One friend Facebook hasn't made: Privacy rights


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