Russia, US sign pact for WTO entry
Hanoi: Russia and USA have signed a key trade deal that clears the way for Russia's entry into WTO.

WTO membership means that Russia, a big oil and gas exporter, would receive the same favourable tariff rates for its products as other members. Also, Russia and other member countries would have to follow WTO rules in trade disputes.
Russia's top trade official, German Gref and Schwab inked the deal in Hanoi on the sidelines of Apec summit. The deal had been widely anticipated.

On November 10, both sides announced that all the main questions had been settled and all that remained was for a few technical questions to be nailed down. managers invested in those stocks that would not fall sharply with fall of market.
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Universal Music files lawsuit against MySpace over copyright
New York: French media giant Vivendi, which owns Universal Music Group, the world's largest music company, has filed a lawsuit against social networking site MySpace alleging copyrights infringement of thousands of its artists' works.

The lawsuit accuses MySpace of allowing users to upload videos illegally and taking part in the infringement by re-formatting the videos to be played back or sent to others. The lawsuit follows several months of talks on music rights with News Corp.'s MySpace.

Universal claims thousands of links to music from Universal's biggest artists, including Jay-Z and Gwen Stefani, which are widely available on MySpace, even ahead of their release to music stores. It estimated maximum statutory damages for each copyrighted work at $150,000.
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