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Brent crude prices fell by more than two percent on Monday following a key deal between world powers and Iran on its controversial nuclear programme. Brent North Sea crude, the European benchmark, for January delivery fell $2.48, or 2.23 percent, to $108.57, while New York's main contract, West Texas Intermediate (WTI) for January, was down 82 cents, or about one percent, at $94.02. Iran on Sunday agreed to curb its nuclear programme for the next six months in exchange for limited sanctions relief, in a preliminary accord with world powers meant to lay the foundations for a comprehensive agreement later this year. "Brent had rallied last week in response to market talk that the negotiations weren't going so well, and what we see right now is a downward correction of prices after the deal," Victor Shum, managing director at IHS Purvin and Gertz in Singapore, told AFP.
TRIPOLI, Libya (AP) — Clashes involving soldiers, armed civilians and members of a militant Islamic group in Libya's eastern city of Benghazi left nine dead early on Monday, the government said. It was the latest confrontation between residents of Libya's larger cities and the militias based in their midst.
An investigation has been launched into the violence that surrounded Sunday's French Ligue 1 match between Nice and Saint-Etienne, the public prosecutor in Nice said Monday. Saint-Etienne's fans, who had earlier seen the bus carrying them to the ground come under fire from a barrage of stones thrown by rival Nice supporters, had to be surrounded by police and evacuated from the stadium before the game began. According to a source close to the investigation, the French interior ministry may even discuss the matter. Nice's public prosecutor Eric Bedos said that an investigation was underway, although he didn't give any more details.
Bangladesh will hold a general election on January 5, the Election Commission said on Monday, in an announcement likely to anger the opposition which is demanding a neutral caretaker government to oversee the polls. This month, Prime Minister Sheikh Hasina formed a caretaker cabinet to oversee the election but the main opposition Bangladesh Nationalist Party (BNP) says it is not impartial. Chief Election Commissioner Kazi Rakibuddin Ahmed announced the election date in a televised statement. The BNP had threatened to launch protests if the election date was announced before what it calls a "non-party" caretaker administration was formed.
SAN QUENTIN, Calif. (AP) — The budding entrepreneurs wear blue sweat pants labeled "prisoner" and huge, flapping blue shirts. Their doors are triple locked, and lunch is a stale peanut butter and jelly sandwich. Complicating matters, participants in this growing Silicon Valley startup incubator are barred from the Internet.
By Kanupriya Kapoor JAKARTA (Reuters) - Indonesia's second biggest political party has stood behind its candidate for next year's presidential election despite fears among some members that the controversial tycoon was far too unpopular among voters to stand any chance of winning. Most opinion polls show that the chairman of the former ruling Golkar party, Aburizal Bakrie, would win less than 10 percent of the vote in July and party lawmakers acknowledge they have their work cut out to get the wealthy businessman into the presidential palace. "His image of being a very successful business mogul doesn't go very far with regular voters," said Hermawan Sulistyo, political analyst at the Indonesian Institute of Sciences. Golkar won 14.45 percent of the 2009 votes for parliament, and just over 19 percent of the seats.
Both leading presidential candidates in crime-wracked Honduras declared victory late Sunday, setting the stage for a possible round of street protests and violence in one the world's deadliest countries. With more than half the votes counted, conservative Juan Orlando Hernandez was ahead with 34 percent against 29 percent for leftist Xiomara Castro. Castro is the wife of Manuel Zelaya, the cattle rancher who was elected president as a conservative and ousted at gunpoint in June 2009 after he aligned with the leftist governments of Cuba and Venezuela. "I will be the next president of Honduras.