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IMF Warns of EU, US Recession Relapse

Global financial overseer IMF warned Tuesday that the European Union and the United States face recession if the sovereign debt crisis is not resolved even as it predicted lower economic growth for the two countries.

U.S. to Upgrade Taiwan Fighter Jets

Taiwan and U.S. defense officials have agreed to the upgrading of the former's fleet of F-16A/B jet fighters during talks at the U.S.-Taiwan Defense Industry Conference in Richmond, Virginia.

New York Police Blocks Wall Street Protesters

Some 1,000 people marched towards the financial district of New York City on Saturday to protest what they call a financial system that favors the rich but state police prevented them from coming near the New York Stock Exchange and from taking over the iconic Wall Street Bull statue.

U.S.-Poland Ballistic Missile Defense Pact Takes Effect

Poland and the U.S. have jointly announced that their ballistic missile defense agreement entered into force Thursday. The pact will see the deployment of land-based anti-missile batteries in the European country by 2018.

Norway Cruise Ship Catches Fire, Kills 2 Crewmen

An explosion is suspected of causing a fire in a Norwegian cruise ship Thursday that killed two crew members, injured nine other seamen and forced the evacuation of 200 passengers in Norway's arctic city of Aalesund.

EU Court Rules German Pilots Can Fly Until Age 65

The European Court of Justice in Luxembourg has ruled that Lufthansa pilots can fly a plane until the age of 65 after finding the airline's age restriction for such workers as constituting discrimination.

U.S. Airport Security to Cut Pat-Downs on Children

Passenger screening at U.S. airports will be revised in the next weeks and months with children getting less pat-downs and being allowed to keep their shoes on at security checkpoints, Department of Homeland Security Secretary Janet Napolitano told American senators on Tuesday.

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