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Millions falling into poverty in recession-racked Italy: report
ROME (Reuters) - Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years.

China's Li offers to help end Pakistan energy crisis
ISLAMABAD (Reuters) - China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that triggers power cuts of up to 20 hours a day, bringing the economy to a near standstill.

Airbus wins Oman Air order for three A330 planes
PARIS (Reuters) - Airbus has won an order for three A330-300 aircraft from Oman Air, the national carrier of the Sultanate of Oman, the European planemaker said on Wednesday.

Garcia apologizes for "fried chicken" jibe at Woods
LONDON (Reuters) - Spaniard Sergio Garcia has apologized after a "fried chicken" jibe aimed at world number one Tiger Woods during a European Tour awards dinner on Tuesday.

Freeport can't say when Indonesia mine to reopen, confirms 28 dead
JAKARTA (Reuters) - Freeport McMoRan Copper and Gold Inc said it will not restart production at the world's second-largest copper mine in Indonesia after a tunnel collapse that killed 28 workers until it is convinced of the mine's safety.

Kerry hails tentative Raytheon arms sale to Oman
MUSCAT (Reuters) - U.S. Secretary of State John Kerry hailed on Wednesday what U.S. officials said was an estimated $2.1 billion deal for Oman to buy a ground-based air defense system from U.S. defense contractor Raytheon Co..

Rolls-Royce wins engine order from U.S. lessor CIT
LONDON (Reuters) - Britain's Rolls-Royce has won a contract to supply engines to power 23 Airbus aircraft ordered by U.S. leasing company CIT Aerospace, it said on Wednesday.

Dollar dips, shares mixed ahead of Bernanke testimony
LONDON (Reuters) - The dollar dipped and benchmark Bund futures rose on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no tapering off of the bank's ultra-easy monetary policy.

Sony to assess spin-off plan; cuts targets for cameras, smartphones
TOKYO (Reuters) - Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business.

World Bank pledges $1 billion to aid peace in Africa's Great Lakes
KINSHASA (Reuters) - The World Bank on Wednesday announced $1 billion in development funding for Africa's Great Lakes region, where renewed fighting this week between the government and rebels in eastern Congo has raised fears once again of an escalation in conflict.

Los Angeles city councilman opens lead in race for mayor
LOS ANGELES (Reuters) - Los Angeles City Councilman Eric Garcetti opened a narrow election night lead in his bid to become mayor of America's second-largest city as it faces an increasingly gloomy financial outlook, early returns showed late on Tuesday.

Tomic will play French Open despite troubles: Woodbridge
MELBOURNE (Reuters) - Bernard Tomic will play at next week's French Open despite his off-court troubles if only to keep some momentum going for the grasscourt season ahead, Tennis Australia's Todd Woodbridge said on Wednesday.

Sony cuts sales target for cameras, smartphones for 2014-15
TOKYO (Reuters) - Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen.

Rescuers seek Oklahoma tornado survivors as area eyes recovery
MOORE, Oklahoma (Reuters) - Rescue efforts in the tornado-ravaged Oklahoma City suburb of Moore continued through the night into Wednesday morning, with officials increasingly confident that everyone caught in the disaster had been accounted for.

Asian stocks supported by Fed reassurance; BOJ stands pat
SINGAPORE (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a 5-1/2 year high and staying firm as the Bank of Japan stood pat after unleashing massive stimulus last month.

Insight: No more easy pickings in Russia's banking market
MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.

Trout hits for the cycle as Angels thump Mariners
(Reuters) - Mike Trout became the youngest player in the American League ever to hit for the cycle in the Los Angeles Angels' 12-0 rout of the Seattle Mariners on Tuesday.

Cavs win right to first pick in NBA Draft
(Reuters) - The Cleveland Cavaliers won the NBA Draft Lottery and the top overall pick for the second time in three years on Tuesday.

Death toll rises to 28 in Indonesia mine accident
JAKARTA (Reuters) - The death toll from a tunnel collapse at the world's second largest copper mine run by Freeport McMoRan Copper & Gold Inc's Indonesian unit was raised to 28 on Wednesday as rescuers gave up hope of finding any more survivors.

China's Li offers to help end Pakistan's energy crisis
ISLAMABAD (Reuters) - China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that triggers power cuts of up to 20 hours a day, bringing the economy to a near standstill.