WORRIES: The US Federal Reserve has cut interest rates twice since September, but India, China and euro nations say they are concerned about accelerating inflation
The Group of 20 nations said some Asian countries need to allow their currencies to appreciate more after European and Canadian officials stepped up pressure on China in the past week.

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SAME OLD, SAME OLD: Late-night television went into reruns on the first day of the strike and ratings have fallen as viewers switch away from repeats of programs
The Alliance of Motion Picture and Television Producers and Writers Guild of America agreed on Friday night to resume formal negotiations, 12 days after Hollywood writers went on strike.

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The subprime mortgage crisis in the US could lead to the opening up of a US$2 trillion black hole as banks and financiers stop lending money because of mounting losses, the leading Wall Street bank Goldman Sachs warned on Friday.

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With Christmas fast approaching, Don Edwards is worried about the record number of recalls of Chinese-made toys in the US, and not because he has bought tainted goods for his grandchildren.

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Kmart Corp said it will remove all costume jewelry labeled as "lead free" and sold throughout the US after some of the pieces were found to contain the metal.

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Mac users are certainly in a hurry. Two million copies of the sixth Mac OS X version flew off store shelves in the system's first weekend of sales.

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■ AVIATION

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