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GLOBAL ECONOMY WEEKAHEAD-G7 finance ministers to address faltering global growth

"With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders...
Source: Reuters | By: Jonathan Cable
Fido al fresco? NY weighs allowing outdoor dining with dogs

Dog lovers and restaurateurs say the proposal would safely accommodate people who want to dine out with man's best friend in places from Manhattan sidewalk cafes to country ice cream stands. They're my boys, "Vargas said while relaxing this past week with her poodle mixes, Luigi and Carmine, and a friend's wire fox terrier at an outdoor Manhattan park cafe.
Source: The Associated Press | By: By JENNIFER PELTZ, Associated Press
Medical pot businesses to battle black market for customers

CHICAGO- When retailers open state-approved medical marijuana shops in Illinois later this year, they will face a distinct disadvantage in luring prospective patients across their thresholds: Marijuana will always be cheaper on the black market. Dispensary owners in Illinois are thinking, too, about Tupperware-style education parties, spa-like interior...
Source: The Associated Press | By: By CARLA K. JOHNSON, AP Medical Writer
Another patch put in place for highway and transit funding

WASHINGTON- Congress has sent President Barack Obama a bill to keep highway and transit aid flowing to states for another two months and prevent shutdown of summer construction projects. It's the 33rd time in more than six years that Congress has resorted to a temporary patch to keep transportation programs going, 12 bills specific to highway and transit...
Source: The Associated Press | By: By JOAN LOWY, Associated Press
Tensions rise after US flies over Chinese sea project

The Chinese are unhappy that the U.S. Navy is watching a reclamation project in the Spratly Islands, a group of reefs in the South China Sea. The NYT reports.
Source: The New York Times | By: Helene Cooper and Jane Perlez
Congress passes 2-month highway, transit aid extension

WASHINGTON- Congress sent President Barack Obama a bill to keep highway and transit aid flowing to states for another two months and prevent shutdown of summer construction projects. It's the 33rd time in more than six years that Congress has resorted to a temporary patch to keep transportation programs going, 12 bills specific to highway and transit...
Source: The Associated Press | By: By JOAN LOWY, Associated Press
Peru suspends civil liberties in region after 4th death

LIMA, Peru- Peru's government said it was suspending civil liberties in a southern coastal valley after a fourth death in violent anti-mining protests against a Mexican-owned copper mining project. One protester was killed and four injured Friday in clashes, which have escalated since farmers mounted resistance two months ago to the $1.4 million project...
Source: The Associated Press
Union dockworkers ratify labor contract for U.S. West Coast ports

LOS ANGELES, May 22- Union dockworkers at all 29 U.S. West Coast ports have voted overwhelmingly to ratify a contract agreement reached in February with shipping companies and terminal operators to end months of labor strife that snarled trans-Pacific trade. Members of the International Longshore and Warehouse Union voted 82 percent in favor of the new...
Source: Reuters | By: Steve Gorman
U.S. National Geospatial-Intelligence Agency: opening up to a changing world

SPRINGFIELD, Va., May 22- Much about the National Geospatial-Intelligence Agency remains classified, but the U.S. spy agency that maps and analyzes the earth is opening up more than ever, from sharing computer source code on a public website to tapping new sources of intelligence. The National Security Agency's page premiered this week, and the Defense...
Source: Reuters | By: Andrea Shalal
Hampton Creek CEO: Moment to make food biz better  

According to the New York Times, major food companies are turning to Hampton Creek for its powdered egg substitutes as a way to solve the current egg shortage. Insight, with founder and CEO Josh Tetrick.
Source: CNBC.com