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U.S. markets recover from steep losses
MOSCOW, June 16 (UPI) -- A visit from regulators in Moscow prompted a quick withdrawal of funds for the alternative biweekly The eXile, which will soon shut down, its editors said.
The English-language online newspaper is notorious for its write-ups of Moscow's underworld scene -- including stories of drugs and prostitution -- mixed with political columns, the Moscow Times reported Monday.
News that four inspectors from Russia's Federal Service for Mass Media, Telecommunications and the Protection of Cultural Heritage visited The eXile's offices a week ago, caused panic among funding sources, however, an editor said.
"News of their visit had our investors fleeing instantly," co-editor Yasha Levine told the Times.
"The paper is dead, unless a miracle happens," said Mark Ames, The eXile's founder.
The inspectors said they received a complaint that The eXile "mocks and humiliates Russian traditions," Ames told the Times.
A letter to The eXile says the inspectors will announce an initial decision on the case on Wednesday.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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