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Pound recovers as world supports Britain in spy case

Pound recovers as world supports Britain in spy case

The British pound recovered Friday from weakness prompted by a Russian decision to expel British diplomats, as the world rallied in support for London in a crisis sparked by the poisoning of a double agent, analysts said. World stocks rose slightly at the end of a volatile week as fears...

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Trump negotiating with countries over tariffs: White House

Trump negotiating with countries over tariffs: White House

WASHINGTON (Reuters)- President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new U.S. tariffs on steel and aluminum imports, the White House said Friday. "He's ... working with a number of individual countries and negotiating on...

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Iran's Zanganeh says OPEC unlikely to change output deal this year

Iran's Zanganeh says OPEC unlikely to change output deal this year

ANKARA (Reuters)- Iranian oil minister Bijan Zanganeh said OPEC was unlikely to change before the end of the year a deal among oil producers to reduce output, Iran's English language Press TV reported Thursday. "Russians can pull out of the deal as they have made no commitment to OPEC...

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Ford recalling 1.38 mln sedans over steering defect

Ford recalling 1.38 mln sedans over steering defect

NEW YORK (AFP)- Ford announced Wednesday a North American recall of 1.38 million Ford Fusion and Lincoln MKZ sedans to address loose steering wheel bolts that could lead to the steering wheel detaching. In the cars being recalled, the steering wheel "may not maintain torque, allowing...

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EU's trade chief questions rationale of Trump steel measures

EU's trade chief questions rationale of Trump steel measures

BRUSSELS (AP)- The European Union's trade chief questioned Wednesday U.S. President Donald Trump's rationale in proposing steel and aluminum import tariffs on a longstanding ally and said his move undermined trans-Atlantic ties ever more. Trade Commissioner Cecilia Malmstrom told the EU...

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Qatar Petroleum announces Abu Dhabi oil deal despite boycott

Qatar Petroleum announces Abu Dhabi oil deal despite boycott

DOHA (AFP)- State-owned Qatar Petroleum announced Tuesday it has signed a deal with Abu Dhabi to operate the shared Al-Bunduq offshore oil field, despite a bitter diplomatic rift. "We are delighted to sign this concession agreement, which will ensure the continued development and...

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Canada's Trudeau accuses China of 'dumping' steel on global markets

Canada's Trudeau accuses China of 'dumping' steel on global markets

OTTOWA, Canada (AFP)- Prime Minister Justin Trudeau Monday accused China of flooding global markets with cheap steel, adding that Canada has already taken steps to prevent "dumping" in this country. "We are very concerned about the actions taken by China and the dumping of steel and...

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Macron pledges $700 million euros for new solar projects

Macron pledges $700 million euros for new solar projects

NEW DELHI (AFP)- French President Emmanuel Macron Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy. Macron, who in December warned that the global shift to a green...

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China minister says trade war with US would be 'disaster'

China minister says trade war with US would be 'disaster'

BEIJING (AP)- China said Sunday that it will not initiate a trade war with the United States, but vowed to defend its national interests in the face of growing American protectionism. "There are no winners in a trade war, and it would bring disaster to our two countries as well as the...

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Fuel crisis deepens suffering of people in northern Syria

Fuel crisis deepens suffering of people in northern Syria

(Zaman Al Wasl)- Residents of the northwestern Syria have been suffering high fuel prices following the closure of a supply route between the town of Azaz and Afrin as the Turkish forces backed by Free Syrian Army launch major attack to seize Afrin region at the border.   As...

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Turkish banking sector net profit up over 20 pct in Jan

Turkish banking sector net profit up over 20 pct in Jan

Turkish banking sector posted a 4.5 billion Turkish lira ($1.2 billion) net profit in January this year, according to the Banking Regulation and Supervision Agency (BDDK) on Friday. In January, the net profit of the sector recorded a 22.7 percent rise year-on-year, compared to 3.7...

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China accuses Trump of damaging global trade with tariffs

China accuses Trump of damaging global trade with tariffs

BEIJING (AP)- China's government says it "firmly opposes" U.S. President Donald Trump's tariff increase for imported steel and aluminum but has given no indication whether Beijing might impose its own measures in response. A Commerce Ministry statement on Friday accused Trump of...

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Bonds help Bahrain, Oman keep their heads in the sand

Bonds help Bahrain, Oman keep their heads in the sand

Access to a debt market teeming with yield-hungry investors is helping some cash-strapped nations in the Gulf Cooperation Council kick reforms down the road. Taking advantage of attractive interest rates, Oman raised $6.5 billion in January, its biggest sale on record, to help bridge deficits....

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Saudi oil minister hints Aramco IPO could be delayed to 2019

Saudi oil minister hints Aramco IPO could be delayed to 2019

Saudi Arabia’s energy minister hinted the initial public offering of the state oil company Aramco could be delayed until 2019, pushing back a central plank of Crown Prince Mohammad bin Salman’s plan to modernize the economy. Khalid al-Falih also said the IPO, potentially the largest...

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Stocks retreat as Trump trade worries offset N.Korea hopes

Stocks retreat as Trump trade worries offset N.Korea hopes

London (AFP)- Stock markets and the dollar jolted Wednesday as news that Donald Trump's top economics adviser had resigned revived trade war fears, while early excitement at North Korea's offer of denuclearisation talks fizzled out. "Investors panicked in response to Gary Cohn's...

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IMF warns Nigeria of vulnerability amid slow exit from recession

IMF warns Nigeria of vulnerability amid slow exit from recession

LAGOS (Reuters)- The International Monetary Fund (IMF) on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices with improved revenues restricted to the energy and agriculture sectors. The assessment, published in a report on...

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Trump speaks with world leaders, no tariff exemptions: Commerce Secretary

Trump speaks with world leaders, no tariff exemptions: Commerce Secretary

WASHINGTON: U.S. President Donald Trump has spoken to world leaders about his planned tariff hikes on steel and aluminum and is not considering any exemptions to the measure, Commerce Secretary Wilbur Ross said Sunday. "I know he's had conversations with a number of the world leaders,"...

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Germany 'rejects' US steel tariffs: Merkel spokesman

Germany 'rejects' US steel tariffs: Merkel spokesman

Berlin "rejects" President Donald Trump's decision to impose hefty tariffs on steel and aluminum imports, a spokesman for German Chancellor Angela Merkel said Friday. "The federal government rejects such tariffs... the problem of global overcapacity in the steel and aluminum sectors...

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Iran says Europe's support for nuclear deal not enough: IRNA      EU sources deny report of proposed new nuclear deal with financial aid for Iran      Mass food poisoning at displaced camp in Idlib      Palestinian leader Abbas in hospital for third time in a week -officials      Islamic State quits Damascus enclave, regime media denies it      Polls open in Venezuela election boycotted by opposition      Kurdish militia launches wide conscription campaign      Ebola deaths rise to 26, says Congo health ministry