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News Feed Latest worldwide news Stella McCartney's rise to the top CNN's Monita Rajpal meets Stella McCartney, one of the world's most celebrated fashion designers. Egypt's political turmoil unlikely to derail vital wheat buy * Traders not afraid political change will impact wheat buy China to Test Free Trade Zone in Shanghai as Part of Economic Overhaul China wants to use Shanghai as a platform for financial overhauls, including interest rate liberalization and full convertibility of Chinas currency. Mumbai to ban racy mannequins CNN's Mallika Kapur reports on a novel response to India's rape problem -- a proposal to ban sexily clad mannequins. College Coaches Use Transfer Rules to Limit Athletes Options The use of transfer rules to eliminate many of an athletes preferred options illustrates the big-business mind-set of college sports and the control that coaches have over players. Bank of England Comments Send the Pound Lower In announcing that interest rates would stay at a record-low 0.5 percent, the central banks new governor, Mark J. Carney, said that rates would not rise soon because the economy remained fragile. Travel the 'Iron Silk Road' The Silk Road was once a series of dusty trails forged by traders traveling between Asia and Europe. Today it takes the form of a bustling railway linking the continents. Data Show Higher Cancer Risk for Mars Astronauts The NASA findings could lead to a search for better shields to block radiation, measures to shorten the trip or a recalibration of allowable risks. Football Giggs handed coach role Ryan Giggs takes another step in further cementing his remarkable relationship with Manchester United after he was appointed the club's player-coach. Disneys Chief Agrees to Hold Off on His Retirement Until 2016 The board of the entertainment company said Robert A. Iger, who was supposed to leave in 2015, now will stay in place until 2016. Magnate who's richer than Trump Meet Zhang Xin, a self-made Chinese real estate mogul who's richer than Oprah, Donald Trump and Steven Spielberg. In Tanzania, Obama Calls for a Partnership With Africa to Aid Its Economy Arriving to an enthusiastic welcome in Tanzania, President Obama called for a new model with Africa based on trade and partnership as well as aid and assistance. UPDATE 2-Shares of Brazil OGX plummet as regulator starts probe * OGX says has enough cash to meet mid-term obligations (Adds detail about additional inquiries into EBX Group companies and the nature of its inquiry) DealBook Talk of Mergers Stirs Cable TVs Big Players John C. Malone is weighing a deal for Time Warner Cable, using Charter Communications as the merger partner, people briefed on the matter said. A Kazakh Spaceport Slowly Declines Baikonur, in remote southwestern Kazakhstan, was once the pride of the Soviet Union. Today, nomadic herders from the nearby steppe are moving into abandoned buildings. Driverless car steering course to road-readiness June 11 - Researchers at Carnegie Mellon University are putting the finishing touches on their version of a driverless car that, they say, lays the groundwork for computers to replace humans in the driver seat within a decade. Ben Gruber went for a ride. Royal baby betting bonanza July 4 - British bookmakers are taking bets on everything from the future King or Queen or England's sex, weight, height and hair. Novelty betting is a growing market that reflects the facination the world has with the British royal family. Hayley Platt reports. Cervelli Set Back by Elbow Injury Francisco Cervelli, a Yankees catcher, was recovering from a broken right hand when he sustained a stress reaction in his right elbow. Bank of England Comments Send the Pound Lower In announcing that interest rates would stay at a record-low 0.5 percent, the central banks new governor, Mark J. Carney, said that rates would not rise soon because the economy remained fragile. Whats on Monday Television highlights. Western United States swelters amid deadly heat PHOENIX (Reuters) - A dangerous, record-breaking heat wave in the western United States contributed to the death of a Nevada resident and sent scores of people to hospitals with heat-related illnesses. U.S. Senator McCain arrives in Afghanistan U.S. Senator John McCain arrived on an unannounced visit to Afghanistan on Thursday, a coalition spokeswoman told CNN. The multi-billion-dollar fight for national sovereignty - Felix TV Elliott vs. Argentina is one of those court cases so important and complex that only a Power Ranger, Transformers, Legos and wooden trains can possibly do it justice. (November 30, 2012) Egypt pound strengthens on black market -trader CAIRO, July 4 (Reuters) - Egypt's pound strengthened suddenly on the black market on Thursday to 7.30/35 to the U.S. dollar from 7.60/65 earlier in the day, a trader said. European hedge funds struggle to break into U.S. market MONTE CARLO, Monaco (Reuters) - European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate. 9 classic American dive bars What makes a classic dive bar? Everything from octogenarian bartenders to surly bouncers, ghosts and incontinent chickens. Rsum Shows Snowden Honed Hacking Skills Edward J. Snowdens rsum suggests that he transformed himself into the kind of cybersecurity expert the N.S.A. is desperate to recruit. Dunn's Homer Lifts White Sox Over Orioles Adam Dunn hit a one-out home run in the bottom of the ninth inning off Tommy Hunter to give the Chicago White Sox a 3-2 victory over the Baltimore Orioles on Thursday. Vontobel sees client inflows at same pace as in H1 GENEVA (Reuters) - Swiss bank Vontobel AG has seen private client inflows continuing at the same pace as in the first half of the year, private banking head Peter Fanconi said on Wednesday. PRESS DIGEST - British Business - July 5 July 5 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. Jay-Z Is Watching, and He Knows Your Friends Surveillance rears its head in the spam traps of Jay-Zs new release, Magna Carta ... Holy Grail. China to Test Free Trade Zone in Shanghai as Part of Economic Overhaul China wants to use Shanghai as a platform for financial overhauls, including interest rate liberalization and full convertibility of Chinas currency. Steel lobby says EU CO2 targets require technology breakthroughs * Steel industry can only cut emission by 28 pct by 2050-Eurofer Snowden at center of U.S. and Russian tensions June 26 - Fugitive Edward Snowden is at the center of a political tug of war between Washington and Moscow as he awaits news of his future. Deborah Lutterbeck reports. Phys Ed The Rise of the Minimalist Workout People have long been trying to figure out what the right amount of exercise is, but the focus lately is on the shortest period possible. You're the Boss Blog How Crowdfunding Worked for One Timely Start-Up Kara Gorski and Kristin Gembala turned to a crowdfunding platform to raise $10,000 to begin manufacturing a small run of their product reconstructed bras for reconstructed girls. RPT-UPDATE 2-Nestle, Danone to cut Chinese infant milk prices amid probe HONG KONG, July 3 (Reuters) - Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector. Yankees Find New Fill-In for Jeter While Waiting for the Real Thing The Yankees signed Luis Cruz as the latest replacement for the injured Derek Jeter, who has started running the bases in Tampa, Fla. House may vote soon on controversial auditor issue NEW YORK (Reuters) - The U.S. House of Representatives is expected to vote soon on whether an auditor industry watchdog can force companies to switch auditors every few years, breaking up some business ties that have lasted over a century. Luxury sales defy gloom Nina dos Santos is in Switzerland for the annual exhibition for the world's makers of watches and fine jewelry.

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