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World News
| High funding costs threaten Spain's robust exports | | MADRID (Reuters) - Spain's small and medium-sized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country's banking crisis hurts one of the few bright spots in a contracting economy. From ceramic tile makers to chemicals producers and conveyor belt manufacturers, they say credit is too expensive or simply unavailable, even though exporters appear at first sight to be healthy. Since the crisis year of 2008, Spanish exports have grown faster than those of any other euro zone country except Estonia, according to banking group BBVA. ... | | Spain beset by bank crisis, recession, bond pressure |  MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports that nationalized Bankia SA had suffered an outflow of deposits hammered its share price. The Spanish Treasury had to pay around 5 percent to attract buyers of three- and four-year bonds. The longer-dated paper sold with a yield of 5.106 percent, way above the 3.374 percent the last time it was auctioned. ...
| | Bollywood star faces police probe over cricket row |  Bollywood superstar Shah Rukh Khan faced a police probe and a lifetime ban from Mumbai's main cricket stadium on Thursday following a furious late-night row with staff at the ground, officials said.
| | Egypt's cautious provinces make vote hard to call | | SOHAG, Egypt (Reuters) - Democratic fervour is gripping Egypt's big cities ahead of a presidential election but in the provinces many are nostalgic for the autocratic past. In Sohag, a town 250 miles (400 km) up the Nile from Cairo, residents have been alarmed by civil unrest, labour strikes and lax policing since the overthrow of Hosni Mubarak last year. "Egypt is a land of pharaohs. If it isn't ruled by an iron-fisted pharaoh, it won't work," said Metias Rezq, a 65-year-old farmer, who believes life was better under Mubarak. ... | | Iran's parliament approves $462 billion budget | | Iran's parliament on Thursday signed off on a $462 billion budget bill for the current Iranian year that is about 9 percent less than the budget approved in the previous calendar year, a consequence attributed to the new exchange rate of the U.S dollar. |
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