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By Mahmoud Mourad CAIRO (Reuters) - Muslim Brotherhood leader Mohamed Mursi was sentenced to 20 years in prison on charges arising from the killing of protesters on Tuesday, nearly three years after he became Egypt's first freely elected president. Mursi stood in a cage in court as judge Ahmed Sabry Youssef read out the ruling against him and 12 other Brotherhood members, including senior figures Mohamed el-Beltagy and Essam el-Erian. The men were convicted on charges of violence, kidnapping and torture stemming from the killing of protesters during demonstrations in 2012. The ruling is the first against Mursi, who says he is determined to reverse what he calls a military coup in 2013 staged by then army chief, now president, Abdel Fattah al-Sisi.
When Italian luxury carmaker Maserati entered China a decade ago, with a brand virtually unknown to Chinese customers, it sold fewer than 40 vehicles its first year. Last year, the Asian giant was Maserati's second largest market as sales of its sports cars -- including the Quattroporte, which can cost up to $377,000 -- reached 9,400, more than doubling from 2013. The party is over for the luxury car market in China, with the country facing the slowest economic growth in a quarter of a century and a corruption crackdown orchestrated by Communist Party chief Xi Jinping. "Last year was fantastic," said Maserati boss Harald Wester, sipping a mineral water on the roof of a Shanghai art museum ahead of China's premier auto show.
HONG KONG (AP) — World stock markets rallied Tuesday, boosted by investor optimism over recent stimulus efforts, market reform measures in China and quarterly earnings from U.S. and European companies.