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Amazon's Bezos unveils $2 bn philanthropic fund

Amazon's Bezos unveils $2 bn philanthropic fund

Amazon founder Jeff Bezos announced he was launching a philanthropic fund with a $2 billion initial commitment to help homeless families and launch preschools in low-income communities. The world's richest individual made the announcement on Twitter a year after asking for ideas on how he...

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Japan, Vietnam urge US to rejoin Pacific trade deal

Japan, Vietnam urge US to rejoin Pacific trade deal

Japan and Vietnam on Thursday urged the United States to rejoin a sprawling Pacific trade deal, almost two years after President Donald Trump's withdrawal dealt a major blow to what would have been the world's largest free trade pact. Trump pulled out of the Trans-Pacific Partnership (TPP)...

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Mexico sees US-Canada trade deal 'in the coming days'

Mexico sees US-Canada trade deal 'in the coming days'

Mexico said Wednesday it was optimistic the US and Canada would reach a trade deal "in the coming days," as its top North American trade negotiator and foreign minister jetted to Washington. The movement on the Mexican side was the latest sign of progress in efforts to salvage the North...

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Record spending by tourists in 2017: US government

Record spending by tourists in 2017: US government

Spending by tourists visiting the United States inched higher in 2017, setting a new record and accounting for about a tenth of all US exports, the Commerce Department reported Wednesday. Nearly 77 million international visitors -- including pleasure-seekers, students and medical...

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Syria regime signs export deals with Iraqi, Kuwaiti, Russian firms

Syria regime signs export deals with Iraqi, Kuwaiti, Russian firms

Syrian regime media says the nation's Exporters' Union on Monday signed agreements with Iraqi, Kuwaiti, and Russian companies to export agricultural products to their markets. Syria's regime is looking for trade and investment partners through its annual Damascus International Fair to...

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VW 'dieselgate' fraud: Timeline of a scandal

VW 'dieselgate' fraud: Timeline of a scandal

As Volkswagen faces the wrath of investors in the first mass "dieselgate" lawsuit on its home turf, here's a look at how the emissions cheating was uncovered and the fallout for the auto giant: - 2014 - US researchers at the University of West Virginia discover that certain VW...

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Paris official seeks to outlaw Airbnb rentals in city centre

Paris official seeks to outlaw Airbnb rentals in city centre

The Paris city council member in charge of housing said Thursday that he would propose outlawing home rentals via Airbnb and other websites in the city centre, accusing the company of forcing residents out of the French capital. Ian Brossat told AFP he would also seek to prohibit the...

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Saudi stocks dip on emerging market concerns

Saudi stocks dip on emerging market concerns

Share prices on the Saudi stock exchange dived on Wednesday after a panic selloff on concerns a downturn in emerging markets could hit the oil-rich Gulf kingdom. The Tadawul All-Shares Index (TASI) dipped 3.1 percent to a five-month low of 7,719.10 points, partly recovering early losses...

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Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

Saudi Arabia’s sovereign fund has named Andrew Liveris, the former chairman and chief executive of Dow Chemical, as a special adviser, in its highest-profile appointment of any global manufacturing executive. Liveris will work closely with the Public Investment Fund on matters of strategic...

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Saudi Arabia is no longer attractive country for Syrians

Saudi Arabia is no longer attractive country for Syrians

(EQTSAD)- The number of Syrians in Saudi Arabia is decreasing due to the strict measures and restrictions of the Kingdom over the residents, in addition to the large costs necessary to the renewal of residency annually, which exceeded SAR 12,000 per person (about $ 3,200).  “The...

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Aramco letdown causes Saudi equity sell-off

Aramco letdown causes Saudi equity sell-off

The Arab world’s biggest bourse is losing its appeal to foreigners just two months after it won inclusion in MSCI Inc.’s emerging-market index. That’s because the initial euphoria surrounding Crown Prince Mohammad bin Salman’s efforts to overhaul the nation’s economy has given way to...

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No-let up in Turkey lira slide after Moody's downgrades

No-let up in Turkey lira slide after Moody's downgrades

The Turkish lira showed no sign of recovery as it slid further against the US dollar on Wednesday, hours after Moody's downgraded its credit ratings on 20 Turkish financial institutions. The currency has been hit by concerns over monetary policy under President Recep Tayyip Erdogan but...

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Automaker Tesla to remain a public company, CEO Musk says

Automaker Tesla to remain a public company, CEO Musk says

Tesla CEO Elon Musk said Friday that the company would continue to be publicly traded, weeks after suggesting that he would take the pioneering electric carmaker private. Musk met Tesla's board of directors on Thursday "and let them know that I believe the better path is for Tesla to...

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US-China trade war hits $100 billion in goods

US-China trade war hits $100 billion in goods

From iconic Harley Davidson motorcycles and American bourbon to machinery and computer processors, the world's two largest economies have exchanged punitive tariffs that slice through a wide swath of key products. Starting Thursday at 12:01 am (0401 GMT), the US will charge 25 percent...

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Aramco listing plan halted, oil giant disbands advisors - sources

Aramco listing plan halted, oil giant disbands advisors - sources

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia...

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French oil giant Total officially quits US sanctions-hit Iran

French oil giant Total officially quits US sanctions-hit Iran

French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of the first phase of US sanctions. "Total has officially left the agreement for the development of phase 11 of South...

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Turkish lira firms despite US warning of more sanctions

Turkish lira firms despite US warning of more sanctions

The Turkish lira strengthened against the dollar Friday as investors weighed up a U.S warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson. The lira has lost a third of its value against the dollar this year as worsening...

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Turkish lira rebounds after central bank measures

Turkish lira rebounds after central bank measures

The Turkish lira rebounded Tuesday against dollar, a day after the central bank took a raft of measures in a bid to soothe the markets. The lira was at 6.49 to the dollar and 7.41 to the euro, well off the 7.24 to the dollar and 8.12 to the euro seen Monday. The unit has lost...

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Assad calls on Druze minority to do military service      CIA mulled ‘truth serum’ post-9/11      Trump to back major rewrite of sentencing laws      British cabinet backs PM May's Brexit plan      Yemen army orders halt to Hodeida offensive: commanders      Migrant arrivals set to hit 5-year low: EU border agency      France says Trump should have shown "decency" on Paris attacks anniversary      British PM hails Brexit deal but must sell it to doubtful ministers