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Barack Obama welcomes G8 leaders
US President Obama hosts an opening dinner for G8 leaders, discussing North Korea, Syria and Iran, with the eurozone crisis likely to top Saturday's agenda.
Facebook shares see modest debut
Facebook shares end a volatile first day of trading at $38.23, barely above the company's initial pricing, having initially jumped more than 10%.
Merkel 'suggests Greek euro vote'
Greek officials say Germany's Chancellor Merkel has suggested a euro referendum, but Berlin denies the report, as world leaders gather in the US for a G8 summit meeting.
Yahoo jumps on Alibaba deal talk
Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
N Rock rescue 'could cost £2bn'
The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.
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