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Strauss-Kahn sex scandal talk of Cannes again

The sex scandal surrounding disgraced ex-IMF chief Dominique Strauss-Kahn on Thursday returned to Cannes as clips of an upcoming film about the affair leaked onto the Internet. Strauss-Kahn was the talk of the festival two years ago when he was arrested in New York on sexual assault charges. Within days of the scandal breaking, industry figures were eyeing the cinematic possibilities. "Humanity, power, women, sex, money -- it's got it all," said Jean-Andre Yerles, co-president of the French Screenwriters' Guild, at the time.

Pope urges global leaders to end 'tyranny' of money

Pope Francis on Thursday called on world leaders to put an end to the "cult of money" and to do more to help the poor, warning that insecurity was rising in many regions of the world and the "joy of life" was diminishing in developed countries. "The worship of the golden calf of old has found a new and heartless image in the cult of money and the dictatorship of an economy which is faceless and lacking any truly human goal," Francis said in an address to ambassadors to the Vatican.

Foreign investment in LatAm sets new record

Santiago, May 14 (EFE).- Latin America and the Caribbean received in 2012 a record $173.36 billion in foreign direct investment, or FDI, up 6.7 percent from the year before, the U.N. Economic Commission for Latin America and the Caribbean said Tuesday. The increase came despite a marked reduction of FDI at the global level, ECLAC said in its regional investment report for 2012 in Santiago.

G7 smoothes divisions, agrees on currency policy

The Group of Seven advanced economies smoothed over US-European differences at a weekend meeting on how to balance deep austerity measures with ways to support fragile growth. G7 finance ministers and central bank governors also pledged Saturday their commitment to tackling tax evasion on the second of two days of talks in the English countryside, British finance minister George Osborne said. The G7 additionally vowed not to intentionally set out to weaken currencies, after the yen on Friday hit its lowest point against the dollar in more than four years.

G7 finance chiefs to discuss bank reform push

By William Schomberg LONDON (Reuters) - Some of the world's most powerful finance chiefs will meet in an English stately home on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds. Finance ministers and central bank governors from the Group of Seven industrialized economies probably will not break new ground on how to fix the weak world economy as discussions at the International Monetary Fund took place just three weeks ago.

European stocks fall as eurozone ministers meet

European stock markets dipped slightly into the red on Monday as eurozone finance ministers met to discuss ways to clamp down on tax-fraud, while the euro and dollar hit fresh multi-year highs versus the yen. In afternoon trade, London's benchmark FTSE 100 index of top companies dropped 0.08 percent in value compared with Friday's close to stand at 6,619.81 points. Frankfurt's DAX 30 slipped 0.08 percent to 8,272.13 points and in Paris the CAC 40 shed 0.35 percent to 3,939.89. Madrid slumped 1.13 percent and Milan lost 0.76 percent.

European stocks fall as eurozone ministers meet

European stock markets fell on Monday amid a meeting of eurozone finance ministers, while the euro and dollar hit fresh multi-year highs versus the yen. In late morning deals, London's benchmark FTSE 100 index of top companies dropped 0.28 percent in value compared with Friday's close to stand at 6,606.26 points. Frankfurt's DAX 30 slipped 0.72 percent to 8,218.83 points and in Paris the CAC 40 shed 0.47 percent to 3,935.10. Madrid slumped 1.53 percent and Milan lost 1.0 percent.

G7 smooths divisions over growth, deficit reduction

The Group of Seven advanced economies on Saturday appeared to smooth over US-European differences on how to balance deep austerity measures with ways to support fragile growth. G7 finance ministers and central bankers also pledged their commitment to tackling tax evasion during two days of talks in the English countryside, British finance minister George Osborne said.

G7 tackles growth, debt balance

The Group of Seven top world economies wraps up talks Saturday aimed at striking a balance between supporting fragile economic recovery and slashing government debts, as the United States pressures Europe to scale back deep austerity measures. The two-day meeting in Britain comes amid renewed market focus on currency wars after the yen on Friday hit its lowest point against the dollar for more than four years.

Britain's Osborne says G-7 committed to shoring up global growth after 2 days of discussion

AYLESBURY, England - Japan convinced its partners in the Group of Seven leading industrial economies Saturday that it was not manipulating its currency as part of its bold attempt to get its economy out of a near two-decade period of stagnation.
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