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Jan 3, 2011

Yusuf Raza Gilani, the prime minister of Pakistan, is trying to keep his government afloat after two allied parties left the ruling coalition, reports the New York Times.

The two departing parties, Muttahida Qaumi Movement (MQM) and Jamiat Ulema-e-Islam-Fazal, only left the coalition at the federal level, remaining part of the ruling coalition in two provincial governments.

"It seems they have a certain agenda to settle or bargaining to do," Ahsan Iqbal, a member of Pakistan's legislature belonging to Pakistan Muslim League-N, told the source.

Gilani re

Dec 21, 2010

In the wake of a legislative election that saw the ruling party lose some of its hold on power, a lame-duck session of Venezuela's National Assembly granted President Hugo Chavez the ability to enact laws by decree for the next year and a half, reports CNN.

Chavez argued that he needed the new power to properly respond to a homelessness crisis sparked by recent flooding, calling his detractors "defenders of the bourgeoisie, enemies of the people [and] defenders of imperialism."

One of those detractors was Pastora Medina, a member of the National Assembly and the

Dec 10, 2010

Questions regarding the outcome of an upcoming meeting of the Organization of Petroleum Exporting Countries (OPEC) led oil prices to rise to $89 per barrel, according to ABC News.

This price falls near the top of the range deemed tolerable for consumers by Saudi oil minister Ali Naimi, who said that any price between $70 and $90 per barrel would be acceptable.

Dec 1, 2010

Interpol has issued a so-called "Red Notice" for Julian Assange, founder of controversial non-profit media organization WikiLeaks, amidst a number of sexual assault charges pending in Swedish court, according to CNN.

The source reports that an international arrest warrant was issued for Assange two weeks ago by the Stockholm Criminal Court.

Nov 18, 2010

The European stock market rose Thursday amidst reports that the financially struggling Ireland would accept bailout money offered by the European Union (EU) and the International Monetary Fund (IMF), according to Bloomberg.

The potential bailout comes after the nationalization of half of the country's local banks, a response to a collapse in the Irish real estate market.