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Prime Minister Mario Monti

Consumer prices in the euro zone fell more than previously expected in December, the start of a retreat from a November peak that should give the European Central Bank more room to cut interest rates as the economy heads for recession.

Inflation in the 17 countries sharing the euro was 2.7 percent in December on an annual basis, revised down from an earlier estimate of 2.8 percent for the month, the European Union’s statistics office Eurostat said.

“The pressure is abating although the risks from energy are still there,” said Fabio Fois, an economist at Barclay’s Capital. “We think the ECB could bring rates as low as 0.5 percent in March,” he said.

The bank made two 25 basis points cuts after Mario Draghi took over as president in November before holding fire this month.

Many economists expect it to take rates below 1 percent for the first time ever in the coming months but comments by Governing Council member Ewald Nowotny published on Tuesday hinted that the bank was in no hurry to move again.

“We are all agreed that now the point is to allow these measures to take full effect. Only then will we take further decisions,” he told the Wall Street Journal’s German website.

“For the ECB ‘We never precommit’ always applies, but there are no plans whatsoever at the moment.”

Reuters’ latest polling of some 66 economists before the ECB met earlier this month suggested the bank will cut interest rates to a new record low of 0.75 percent in February or March no fax payday loans.

Economists had expected euro zone inflation to remain at 2.8 percent in December.

IRAN EFFECT

Stripping out volatile energy prices, the main driver behind a 3 percent peak in the headline number in September, October and November, inflation was 1.9 percent.

Without energy and food, it was 1.6 percent.

That sits better with the ECB’s target of below, but close to 2 percent, which the Frankfurt-based bank judges to be right for price stability and a healthy economy.

The euro zone’s economy, however, is anything but. The bloc’s gross domestic product probably contracted in the fourth quarter of 2011 and is expected to do so again in the first quarter of 2012 - showing it has fallen into a recession.

The weakening economy and rising unemployment across the bloc are cutting demand for goods and with it pressuring retailers to reduce prices. That has offset continuing high prices for crude oil globally due to concerns about a supply disruption in Iran.

Oil futures rose on Monday after Saudi Arabia told its Gulf Arab neighbors not to make up any shortfall caused by an embargo on Iranian crude oil exports.

In the euro zone in December, fuels for transport, heating oil, gas and electricity had the biggest impact on inflation in December. Energy inflation was a massive 9.7 percent in the month, compared to December 2010, Eurostat said.

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For the first time, Indian prosecutors are taking Google, Yahoo, Facebook and other networking sites to court for refusing to remove material considered insulting to Indian leaders and major religious figures.

Government officials are upset about material insulting to Prime Minister Manmohan Singh, ruling Congress party leader Sonia Gandhi and major religious figures. Some illustrations have shown Singh and Gandhi in compromising positions and pigs running through Mecca, Islam’s holiest city.

On Friday, the federal government told a New Delhi court that there was sufficient material to proceed against 21 social networking sites for offenses of “promoting enmity between classes and causing prejudice to national integration,” according to the Press Trust of India news agency.

The cases, which PTI said name companies including Google, Facebook, Yahoo and Microsoft, represent a new risk of doing business in the nation of more than 1 billion people, which is looking to technology to boost its economy and standard of living. The dispute highlights India’s difficulty in balancing the Internet culture of freewheeling discourse with its homegrown religious and political sensitivities.

Convictions could bring fines and up to five years’ imprisonment, through prosecutors have named only the companies involved rather than any executives. Metropolitan Magistrate Sudesh Kumar on Friday asked India’s External Affairs Ministry to serve summons to officials of foreign-based companies for court appearances March 13 my credit score.

In December, Telecommunications Minister Kapil Sibal said he had spoken repeatedly with officials from major Internet companies over the past three months and asked them to come up with a voluntary framework to keep offensive material off the Internet. He said that the companies told him there was nothing they could do.

There was no immediate comment by the networking sites after Friday’s court proceedings.

However, Facebook said last month that it would remove content that “is hateful, threatening, incites violence or contains nudity.”

Google said in a December statement that it removes content that violates local law and its own standards.

“But when content is legal and doesn’t violate our policies, we won’t remove it just because it’s controversial, as we believe that people’s differing views, so long as they’re legal, should be respected and protected,” Google said in a statement in December.

Sibal had shown reporters Web illustrations showing Singh and Gandhi in compromising positions as well as a site showing pigs running through Islam’s holy city of Mecca, a clear insult to Muslims.

Sibal said the Internet companies had told him that they were applying U.S. standards to their sites, and he objected, saying that they needed to be sensitive to Indian sensibilities.

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The editor of a British tabloid has outlined a culture where reporters exaggerate headlines, dramatize stories, and occasionally go too far.

Daily Star Editor Dawn Neesom was speaking at the judge-led inquiry into British media ethics set up in the wake of the phone hacking scandal centered on the now-defunct News of the World tabloid

She shied away from claims that her paper played fast and loose with the truth, but acknowledged that the paper’s mission was “to put a smile on people’s faces payday loans.”

Neesom said Thursday: “Occasionally, I admit, we do cross lines. But we do have standards.”

The Star is owned by media magnate Richard Desmond, who is also to give evidence at the inquiry.

Desmond also publishes the Daily Express and celebrity magazines OK! and New!

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all at the same time, without being forced to close down a program.

But the cool part is the controls. First, the TV’s built-in cameras use face recognition to automatically sign users into their personal profiles. Then, users can issue voice commands like "channel 34" or "guide" to control the TV. They can also use gesture controls for Web browsing, adjusting the volume and more.

Overall, the experience looks like what would happen if Apple’s (, Fortune 500) Siri voice assistant and Microsoft’s (, Fortune 500) Kinect motion-sensor system had a baby TV.

Content is accessed through the Smart TV Hub. That menu includes other features like "Family Story" — which can upload photos and videos from a mobile device to the TV — and special hubs for fitness content and for kids.

The ES8000, along with most of the other devices Samsung announced Monday, didn’t get a release date beyond "sometime this year."

On Sunday, the company unveiled a device called the InTouch, which converts regular TVs into smart TVs payday loans for bad credit. The $199 converter is a low-cost option for customers to add Internet browsing, Skype voice calling and a keyboard remote, without having to buy a new TV.

Samsung’s Monday keynote also included more on the TV and Internet-connected fronts: a 55-inch Super OLED TV, as well as connected washer/dryer and connected camera line.

In addition, two Samsung devices will soon make their 4G network debuts: the Galaxy Note phone, and the Galaxy Tab 7.7 tablet.

Samsung closed the keynote with two computer announcements. The new Series 9 Notebook is "the thinnest premium notebook on the market," the company says, at just a half-inch thick and 2.2 pounds. It boots up in just under 10 seconds.

Like many of the CES exhibitors, Samsung also unveiled a super-thin ultrabook: the Series 5 Ultra. Samsung says Web browsing on the laptop is twice as fast as on last-generation notebooks. 

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The French and German leaders are stressing that they view boosting economic growth a priority as they push through with efforts to stem the eurozone’s debt crisis.

Chancellor Angela Merkel and President Nicolas Sarkozy said Monday that Europe should compare countries’ labor market practices and learn from the best; and they called for European funds to be used in a way that create jobs.

Both leaders also said they’re prepared to consider speeding up payments into the 17-nation eurozone’s permanent rescue fund, the European Stability Mechanism, in an effort to bolster confidence.

They’re calling for a quick conclusion to negotiations on a new treaty enshrining fiscal rules.

Still, Merkel says that resolving the crisis will be “step-by-step … there’s no single-dimension solution.”

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Iran has begun uranium enrichment at a new underground site well protected from possible airstrikes, a leading hardline newspaper reported Sunday in another show of defiance against Western pressure to rein in Tehran’s nuclear program.

Another newspaper quoted a senior commander of the powerful Revolutionary Guard force as saying Tehran’s leadership has decided to order the closure of the Strait of Hormuz, a strategic oil route, if the country’s petroleum exports are blocked. Revolutionary Guard ground forces also staged war games in eastern Iran in an apparent display of resolve against U.S. forces just over the border in Afghanistan.

“The supreme authorities … have insisted that if enemies block the export of our oil, we won’t allow a drop of oil to pass through the Strait of Hormuz. This is the strategy of the Islamic Republic in countering such threats,” Revolutionary Guard deputy commander Ali Ashraf Nouri was quoted as saying by the Khorasan daily.

Iranian politicians have issued similar threats in the past, but this is the strongest statement yet by a top commander in the security establishment.

The latest statements are certain to fuel tensions with the U.S. and its allies, which are trying to turn up pressure on Iran with new sanctions to punish it over its disputed nuclear program. The West suspects Iran is trying to make nuclear weapons, but Iran denies this.

The United Nations has already sanctioned Iran for refusing to stop uranium enrichment _ which can produce both nuclear fuel and fissile warhead material. Tehran says its nuclear program is only for energy and medical research, and refuses to halt uranium enrichment.

Kayhan daily, which is close to Iran’s ruling clerics, said Tehran has begun injecting uranium gas into sophisticated centrifuges at the Fordo facility near the holy city of Qom.

“Kayhan received reports yesterday that show Iran has begun uranium enrichment at the Fordo facility amid heightened foreign enemy threats,” the paper said in a front-page report. Kayhan’s manager is a representative of Iran’s Supreme Leader Ayatollah Ali Khamenei, who has the final word on all important matters of state.

Iran’s nuclear chief, Fereidoun Abbasi, said late Saturday that his country will “soon” begin enrichment at Fordo. It was impossible to immediately reconcile the two reports.

Iran has a major uranium enrichment facility in Natanz in central Iran, where nearly 8,000 centrifuges are operating. Tehran began enrichment at Natanz in April 2006.

The Fordo centrifuges, however, are reportedly more efficient. And the site better shielded from aerial attack.

Nouri said Iran’s leadership has made a strategic decision to close the Strait of Hormuz, should the country’s exports be blocked. One-sixth of the world’s oil flows to market through the Strait of Hormuz, at the mouth of the Persian Gulf unsecured personal loans.

President Barack Obama approved new sanctions against Iran a week ago, targeting the central bank and its ability to sell petroleum abroad. The U.S. has delayed implementing the sanctions for at least six months, worried about sending the price of oil higher at a time when the global economy is already struggling. But the new sanctions nevertheless prompted a series of threats from Iranian officials about closing the Strait of Hormuz.

The newspaper paraphrased Nouri as saying that a 10-day naval war game which ended Tuesday was preparation for such a closure. The Guard, which is Iran’s most powerful military force and which has its own naval arm, has planned more sea maneuvers for February.

“The exalted leader (Khamenei) determined a new strategy for the armed forces, by which any threat from enemies will be responded to with threats,” Nouri said.

The U.S. and Israel have said that all options remain open, including military action, should Iran continue with its enrichment program.

Tehran says it needs the program to produce fuel for future nuclear reactors and medical radioisotopes needed for cancer patients.

The country has been enriching uranium to less than 5 percent for years, but it began to further enrich part of its uranium stockpile to nearly 20 percent as of February 2010, saying it needs the higher grade material to produce fuel for a Tehran reactor that makes medical radioisotopes needed for cancer patients. Weapons-grade uranium is usually about 90 percent enriched.

Iran says the higher enrichment activities _ to nearly 20 percent _ will be carried out at Fordo. These operations are of particular concern to the West because uranium at 20 percent enrichment can be converted into fissile material for a nuclear warhead much more quickly than that at 3.5 percent.

Built next to a military complex, Fordo was long kept secret and was only acknowledged by Iran after it was identified by Western intelligence agencies in September 2009.

Buried under 300 feet (90 meters) of rock, the facility is a hardened tunnel and is protected by air defense missile batteries and the Revolutionary Guard, Iran’s most powerful military force. The site is located about 20 miles (32 kilometers) north of Qom, the religious nerve center of Iran’s ruling system.

“The Fordo facility, like Natanz, has been designed and built underground. The enemy doesn’t have the ability to damage it,” the semiofficial Mehr news agency quoted nuclear chief Abbasi as saying Sunday.

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The addition of 200,000 new jobs in December shows that the economy is strengthening, Labor Secretary Hilda Solis said on Friday.

“We have seen a steady firming up of our economy” in recent months with two million jobs created in the private sector of the past year, she told CNBC television.

“Now we are seeing a better trajectory, we are moving in the right direction.”

“In the last few months, on the whole I have seen good incremental increase in the private sector jobs, so on that side of the factor I would say, ‘Hey, that is not a bad thing at all,” she said free business cards.

But she urged the extension of the payroll tax cut and further measures to support continued improvement in the jobs market.

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