US, Canada slowly recover from power outage
New York: Amid sweltering heat, the United States and Canada slowly recovered from the largest power outage in North American history on Friday, with President George W Bush calling the blackout a "wake-up call" to fix an antiquated electricity grid.

The White House said the United States and Canada would set up a joint task force to determine the cause of the blackout, which hit tens of millions of people in New York, Detroit, Cleveland, Ottawa, Toronto and other cities.
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BNP Paribas to invest $45 million in Indian arm
Goa: The Indian arm of French bank BNP Paribas SA will receive $45 million in capital investment from its Paris-based parent to expand its asset base, a senior bank executive said.

BNP Paribas approved the investment earlier this week, Ravi Chikhlikar, chief general manager and head of fixed income and treasury of its Indian operations, said on Friday on the sidelines of a seminar on the foreign exchange market.
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