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UN says EU could win big in US-China trade war

Neither protagonist in the US-China trade war stands to benefit from their stand-off, the UN said Monday, suggesting others could cash in instead, with the EU possibly winning big. In a report, the UN Conference on Trade and Development (UNCTAD) examined the repercussions of the tariff...

Russian economy outpaced expectations in 2018

Russia's economy expanded 2.3 percent last year, growing more quickly than the government and the IMF had predicted, according to state statistics published Monday. Russia's growth rate accelerated from 1.6 percent in 2017 and exceeded the economy ministry's prediction of 1.8 percent as...

Nissan sparks Brexit shockwaves through UK auto sector

Nissan's decision to axe planned production of the X-Trail SUV in the Brexit-backing city of Sunderland is a heavy blow to the British auto sector, which repeatedly warned against quitting the EU. The Japanese carmaker revealed Sunday that the crossover vehicle would no longer be...

Asia shares steady, dollar firm after upbeat U.S. job data

Asia stocks hovered near four-month highs on Monday after a mixed performance on Wall Street at the close of last week, while the dollar firmed against the yen following strong U.S. employment and manufacturing data. Spread-betters expect European markets to start on a cautious note, with...