International Headlines

Date: Wed, 1 Sep 2010 05:02:04 -0400
>TOP STORIES as of 0900 GMT -- 01 September, 2010

> OBAMA ENVOY SEES 'WINDOW OF OPPORTUNITY' FOR MIDEAST PEACE
U.S. President Barack Obama seeks to broker Mideast peace, with
his envoy identifying an opportunity for Israeli and Palestinian
leaders to reach a deal within a year.

> BIDEN TO MARK IRAQ POWER TRANSFER
After more than seven years of American military operations in
Iraq, U.S. Vice President Joe Biden will help mark the transfer
of U.S. military command in Iraq on Wednesday.

> HURRICANE EARL SPURS EVACUATIONS IN U.S.
As Hurricane Earl continues to spin toward the East Coast,
authorities in North Carolina are ordering more people to get
out of the way.

> POLICE DISMANTLE MALE PROSTITUTION RING
National Police said Tuesday an investigation that began in
February has resulted in the arrest of 14 people involved in an
organization dedicated to the sexual exploitation of men,
Spain's first such bust of its kind.

> EIGHT KILLED IN CANCUN BAR BOMBING
Eight people died early Tuesday after attackers hurled several
Molotov cocktails into a Cancun, Mexico, bar, the state attorney
general said.

> WEATHER STALLS EFFORT ON BP OIL WELL
Thad Allen, the government's point man on the BP oil disaster,
and Plaquemines Parish President Billy Nungesser will meet
Tuesday before briefing the public on the cleanup effort.

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BUSINESS
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> AXIS OF FASHION WORLD TILTS EAST
From individual consumers of luxury goods, the Chinese and
Indians have become consumers of luxury companies, in a shift
that has far-reaching implications for the $80 billion a year
industry.

> CURRENCY TRADING HITS RECORD LEVELS
Currency trading has surged to record levels in 2010, even as
the foreign exchange market becomes increasingly concentrated
among a smaller number of banks and trading centres.

> CHINESE MANUFACTURERS REPORT GROWTH
Fears that the Chinese economy is running out of steam eased
after a survey showed that factory activity accelerated in
August, but results from other Asian economies were gloomier due
to slackening demand from beyond the region.