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India Objects to U.S.-Pakistan Arms Deal

WASHINGTON – The Bush administration rewarded Pakistan (search), an improbable ally in the war on terrorism, with a promise Friday that it could buy sophisticated U.S.-built F-16 warplanes (search). Pakistan’s nuclear rival, India, immediately complained the sale would threaten its security. The sales would represent a shift in policy after …

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Trade Deficit Hits $58.3 Billion in January

WASHINGTON – The U.S. trade deficit (search) climbed to $58.3 billion in January, the second-highest level in history, as Americans’ appetite for foreign consumer products and automobiles hit record highs. The deficit with China was pushed higher by a surge in textile shipments, reflecting the end of global quotas. The …

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Symbolic Power Transfer in China

BEIJING – President Hu Jintao (search) on Sunday was named chairman of a figurehead government military body, symbolically completing a transfer of power to a younger generation of communist leaders. Hu succeeded his predecessor as president, Jiang Zemin (search), who gave up his last official title when he resigned as …

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