Xinhua world news summary at 0000 GMT, May 18
May 17, 2012 (Xinhua via COMTEX) --
WASHINGTON -- U.S. President Barack Obama will meet with Afghan
President Hamid Karzai in Chicago on Sunday when the NATO summit
there is due to start, a top White House official said on
"Obviously it is an important meeting because a central focus
of the NATO summit will be on Afghanistan and on Afghanistan's
future," said Obama's National Security Advisor Tom Donilon at a
White House briefing, referring to the meeting between the two.
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NEW YORK -- Moody's Investors Service on Thursday downgraded
the long-term debt and deposit ratings for 16 Spanish banks and
Santander UK PLC, a Britain-domiciled subsidiary of Banco
Santander, as the banks' credit situation worsened and the
government's ability to support the banks was impaired.
The rating agency cut one to three notches of the long-term
debt and deposit ratings for the 16 Spanish banks and Santander UK
PLC. Moody's said the main drivers of the downgrade action were
adverse operating conditions, reduced credit-worthiness of the
Spanish sovereign, rapid asset-quality deterioration and
restricted market funding access. (U.S.-Spain-Banks)
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UNITED NATIONS -- UN Secretary-General Ban Ki- moon said here
on Thursday that the world needs a new paradigm for dynamic growth
which could provide stable economies, decent jobs and
opportunities for all.
"Let us face the facts: the old model is broken. We need to
create a new one -- a new model for dynamic growth," said Ban
while addressing the UN General Assembly's high-level debate on
The State of the World Economy and Finance and its Impact on
Development. (UN-World Economy)
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MOSCOW -- Russia successfully sent a Cosmos- series military
satellite into orbit on Thursday, spokesman of the Aerospace
Defense Forces Col. Alexei Zolotukhin said.
According to Zolotukhin, the forces launched a Soyuz-U carrier
rocket with the satellite Cosmos-2480 from the Plesetsk space
center in northern Russia and the satellite separated from the
rocket at 18:13 Moscow time (1413 GMT).
"The launch was carried out to expand the cluster of Russia's
military satellites in orbit," the spokesman said.
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WASHINGTON -- U.S. President Barack Obama decided on Thursday
to extend for another year the sanctions on investment and trade
with Myanmar, citing it continues to pose "an unusual and
extraordinary threat" to the U.S. security and foreign policy.
While acknowledging "important strides" made by Myanmar's
government in a number of areas, including releasing hundreds of
political prisoners, pursuing cease-fire talks with several armed
ethnic groups and pursuing a substantive dialogue with the leading
pro-democracy opposition party, the U.S. government continues to
have serious concerns about the human rights situation in Myanmar,
Obama said in an executive order issued by the White House.
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