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LONDON, Sept. 26 (UPI) -- Cuts in defense spending around the world are hitting home in Britain, where BAE Systems appears poised to send thousands of pink slips to workers. "In order to bridge the gap between current demand and future anticipated export c …

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BEIJING, Jan. 16 (Xinhuanet) -- The central government says it will consider allowing budget air carriers to be set up in China for the first time in order to bring cheaper air fares to the country. Two private companies and a large travel agency have …

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