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Spotify, controversial king of music streaming

Spotify, controversial king of music streaming

Spotify may incontestably be the king of music streaming, but as the Swedish firm prepares for a stock listing, there is still a divide whether its reign is benign or not for artists and the music industry. "We really do believe that we can improve the world, one song at a time," Spotify's...

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EU promises firm response to US steel tariffs

EU promises firm response to US steel tariffs

The European Union said Thursday it would react firmly with a proposal within days for WTO-compatible countermeasures against the United States for trade restrictions on steel and aluminum, which it called a "blatant intervention" to protect U.S. industry. "We strongly regret this step,...

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White House expects 'frank exchange' of trade views with Chinese official

White House expects 'frank exchange' of trade views with Chinese official

Trade talks between a Chinese official and three of U.S. President Donald Trump's senior advisers will take place at the White House on Thursday, a White House official said. U.S. Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and White House economic adviser...

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Goldman Sachs, SocGen bid for unit of Commerzbank

Goldman Sachs, SocGen bid for unit of Commerzbank

Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender’s exchange-traded fund business, according to people familiar with the situation. Barclays PLC, which was said to be interested in the Equity Markets and Commodities...

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Coca-Cola defeats U.S. lawsuit over Diet Coke ads

Coca-Cola defeats U.S. lawsuit over Diet Coke ads

A federal judge has dismissed a lawsuit claiming that Coca-Cola Co.’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain. The plaintiff, Shana Becerra, claimed that she and others would not have...

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BMW recalls 12,000 diesel cars over emissions

BMW recalls 12,000 diesel cars over emissions

German high-end carmaker BMW on Friday recalled thousands of diesel cars for a software update, after reports it had admitted to authorities they released more harmful emissions on the road than in the lab. BMW "noticed during internal testing that correctly programmed software was...

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Israel, Egypt gas agreement: another empty deal

Israel, Egypt gas agreement: another empty deal

The recent natural gas agreement on Monday between Israel and Egypt is more symbolic than viable with the aim of fabricating a gas market in Egypt to send a message that Jordan is not Israel's only market in the region, according to the director of hydrocarbons at the Paris-based Mediterranean...

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Number of crypto hedge funds soars amid bitcoin volatility

Number of crypto hedge funds soars amid bitcoin volatility

LONDON- The number of hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, despite sharp falls in the value of the virtual coins in recent weeks, data from fintech research house Autonomous NEXT showed Thursday. The firm recorded a...

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Turkish, Korean firms to build ring road in Kazakhstan

Turkish, Korean firms to build ring road in Kazakhstan

Turkish and South Korean companies on Thursday signed a concession agreement to build the Big Almaty Ring Road (BAKAD) project in Kazakhstan. The Turkish firms, Makyol Construction and Alsim Alarko, and South Korean companies -- Korean SK and Korea Expressway Corporation -- inked the...

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Qatar Airways’ CEO says carrier will grow despite Mideast spat

Qatar Airways’ CEO says carrier will grow despite Mideast spat

Qatar Airways’ chief executive said Tuesday the carrier will post a loss this year because four other Arab countries have severed land, air and sea links with Qatar. Akbar al-Baker said that the boycott on Qatar’s flagship airline flying to neighboring Saudi Arabia, the United Arab...

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Touting 'transformation', French PM seeks investment in Dubai

Touting 'transformation', French PM seeks investment in Dubai

 France's Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai Sunday, seeking investment from the oil-rich Gulf region. "France is undergoing great transformation", Philippe said, addressing a thousand-strong audience at...

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Reconstruction Cake: EU States Plan to Rebuild in Homs, Damascus

Reconstruction Cake: EU States Plan to Rebuild in Homs, Damascus

By Abdullah Ghadawi (Zaman al-Wasl)- Sources in the Syrian opposition revealed that economic projects have been promised to Britain and France in Syria, pointing out that these European countries have placed their political and economic interests in Syria, especially regarding...

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France targets deep pockets of Emirati wealth funds

France targets deep pockets of Emirati wealth funds

Prime Minister Edouard Philippe will look to deep-pocketed sovereign wealth funds in the United Arab Emirates to further investments in France when he carries his "France is back" pitch to Abu Dhabi and Dubai this weekend, a government source said. Among the investors Philippe will meet are...

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U.S. announces arrests in $530 million cyber identity fraud scheme

U.S. announces arrests in $530 million cyber identity fraud scheme

The U.S. Justice Department announced one of its largest-ever takedowns of a global cyber crime ring Wednesday, saying it had indicted 36 people accused of trafficking in stolen identities and causing more than $530 million in losses to consumers. The cyber crime network, known as...

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Egypt warns Turkey over eastern Mediterranean economic interests

Egypt warns Turkey over eastern Mediterranean economic interests

Egypt Wednesday warned Turkey against any infringement of its economic rights in the eastern Mediterranean under a maritime border demarcation agreement signed in 2013 with Cyprus that allows exploration for gas in the area. The discovery of the massive Zohr gas field in 2015 has...

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Asia markets plunge after record-breaking loss on Wall St

Asia markets plunge after record-breaking loss on Wall St

Asian stocks plunged Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising U.S. borrowing costs and take profits after months of market euphoria. Tokyo led a collapse throughout the region, briefly diving almost seven...

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Shell says annual profit almost triples to $13B

Shell says annual profit almost triples to $13B

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13 billion in 2017, energized by rising oil and gas prices. Net or bottom-line earnings for the full year compared with a figure of $4.6 billion in 2016, the Anglo-Dutch energy giant revealed...

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Over half of TurkStream gas pipeline completed

Over half of TurkStream gas pipeline completed

More than half of the first line of the TurkStream natural gas pipeline project to deliver 35 percent of Turkey's gas needs has been completed, Gazprom officials, the project constructor, told visiting Turkish journalists at Novy Urengoy, Russia's biggest gas field and the world's...

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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