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(MENAFN - AFP) China's yuan currency extended its downtrend against the dollar on Wednesday to hit a 16-month low, despite the country's central bank fixing its trading point for the unit at a higher level.

The unit fell to as low as 6.2458 to the dollar in the morning, its weakest level since December 2012. That compared with Tuesday's close of 6.2370, according to the ...

 

(MENAFN - AFP) Prime Minister Tony Abbott announced on Wednesday the purchase of 58 more F-35 Joint Strike Fighters costing Aus$12.4 billion ($11.6 billion) in a major defence upgrade to maintain Australia's regional edge.

The new aircraft will bring Australia's total JSF force to 72, with the first due to arrive in 2018 and enter service in 2020.

The deal with US ...

 

(MENAFN - AFP) From Steve McQueen to "The Fast and the Furious", the Mustang has long cruised through American pop culture, but Ford is hoping its snarling sports car will find a new generation of fans as it turns 50: in China.

Launched in 1964 at an event on top of the Empire State Building, the Mustang quickly became a byword for cool among America's youth, who loved ...

 

(MENAFN - AFP) When you risk your life fishing on dangerous seas, a drink in the bars back on shore seem a welcome relief, but in Uganda, it has created a culture with staggering rates of HIV.

Exhausted from a night of hard fishing on the vast inland sea of Uganda's Lake Victoria, fishermen come off the boats as the first rays of light glimmer at dawn.

Once the fish ...

 

(MENAFN - AFP) People who had low birth weights and those breastfed for short periods may be more likely to develop chronic inflammation linked to heart disease in adults, a study said Wednesday.

Researchers in the United States found a "significant" association in almost 7,000 people between birth weight or duration of breastfeeding and higher levels of C-reactive protein ...

 

(MENAFN - AFP) A French school has turned down the rare chance to train North Koreans in the proud Gallic art of cheese-making.

The head of the Ecole Nationale d'Industrie Laitiere, which specialises in the hard mountain cheeses North Korean leader Kim Jong-Un is said to favour, told AFP she received a visit from two North Korean officials last month.

The men expressed ...

 

(MENAFN - AFP) Warm sunshine and sandy beaches make south Florida and its crown city, Miami, a haven for tourists, but the area is increasingly endangered by sea level rise, experts said Tuesday.

During a special Senate hearing held in Miami Beach, Senator Bill Nelson described south Florida as "Ground Zero" for climate change and its threats to coastal communities.

The ...

 

(MENAFN - AFP) French economist Thomas Piketty's book on income inequality soared Tuesday to the top of online retailer Amazon's best sellers.

Already running in Amazon's top 100 since the English version, "Capital in the Twenty-First Century," was released last month, Piketty's book climbed past hit books like "Frozen", "Game of Thrones" and "Heaven is for Real, which ...

 

(MENAFN - AFP) General Motors asked a US bankruptcy court to bar most suits filed over its faulty ignition system, arguing its 2009 court-approved bankruptcy reorganization shields it from liability in most cases.

In papers filed late Monday, GM said it is not seeking protection from suits over the 13 fatalities and other injuries linked to the defect.

But GM argued ...

 

(MENAFN - AFP) A powder that would give new meaning to mixed drinks may take time to hit the US market, the company said Tuesday after regulators found a labeling problem.

Palcohol -- a powdered alcohol product -- is made by an Arizona company called Lipsmark and will come in six varieties of single-drink pouches, the company website says.

It would be the first such ...

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