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Trump will be 'best salesperson' for US economy at Davos: WH

Trump will be 'best salesperson' for US economy at Davos: WH

US President Donald Trump is aiming to be the "best salesperson" for American economic interests when he goes to Davos later this week, the White House said Tuesday. Trump is set to speak Friday at the World Economic Forum, an annual gathering of the global pro-trade elite at the Swiss...

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Russia may back Aramco IPO, enhance OPEC ties

Russia may back Aramco IPO, enhance OPEC ties

Russian pension funds are considering investing in Saudi Arabian state oil major Aramco when it lists its stock in a move to strengthen the partnership between the world's two top oil producers, Russia's top state investment officer said. The head of Russia's Direct Investment Fund,...

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Iraq to sign gas deal with US firm for southern field

Iraq to sign gas deal with US firm for southern field

Iraq will on Monday sign a memorandum of understanding with American energy company Orion to tap gas at an oil field in the south of the country, the petroleum ministry said. The Nahr Bin Omar field, situated in the hydrocarbon-rich Basra province, is currently producing 40,000 barrels...

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Airbus to get '10 years of visibility' from Emirates deal: CEO

Airbus to get '10 years of visibility' from Emirates deal: CEO

A $16 billion deal with Emirates airline for A380 superjumbos will give Airbus "at least 10 years of visibility", the European manufacturer's CEO Tom Enders said in an interview published Sunday. Emirates announced the deal on Thursday to buy 36 Airbus A380s - just days after the group...

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Raqqa forest uprooted by greedy war merchants

Raqqa forest uprooted by greedy war merchants

 (Zaman Al Wasl)- A well-known forest lies on the northern bank of  Euphrates lake in Raqqa province has been exposed to haphazard timber cutting and neglect for years which resulted in the emergence of empty patches and patches of dry trees. The former employee at...

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Pakistan aims to sell national airline before election

Pakistan aims to sell national airline before election

Pakistan will try to privatize its national airline before general elections due this year, privatization minister Daniyal Aziz said, as the ruling party seeks to restart sales of state-run businesses. Pakistan International Airlines(PIA), hemorrhaging money and losing market share to...

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US report raps Alibaba's Taobao, others for pirated goods

US report raps Alibaba's Taobao, others for pirated goods

Alibaba's Taobao website and numerous public markets around the world were cited Friday as purveyors of hundreds of thousands of dollars in pirated goods in the US government's annual "notorious markets" review. The report by the US Trade Representative spotlighted online venues that...

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Jeff Bezos donates $33 million for DACA scholarships

Jeff Bezos donates $33 million for DACA scholarships

Amazon founder Jeff Bezos announced Friday that he and his wife MacKenzie are donating $33 million to fund college scholarships for undocumented immigrants. Bezos said the grant will allow some 1,000 undocumented high school students to attend college. The students will all be...

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Air France rejects report into 2009 crash that blames pilots

Air France rejects report into 2009 crash that blames pilots

Air France has dismissed the conclusions of a new report into the 2009 Rio-to-Paris Air France plane crash that blames the pilots for failing to apply correct procedures and losing control of the aircraft over the Atlantic Ocean. Previous reports said a technical fault on the Airbus...

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Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year. The sale of up to 5 percent of Saudi Aramco, expected to go ahead in the second half of 2018, is a...

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Germany lays charges in Ryanair pilots 'tax fraud' probe

Germany lays charges in Ryanair pilots 'tax fraud' probe

German prosecutors said Thursday they had charged five employees of a British recruitment agency working with Irish low-cost carrier Ryanair over millions of euros in allegedly unpaid social security payments for its pilots. No Ryanair staff were among the accused but "investigations...

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Oil dips from highs, but OPEC's cuts still support market

Oil dips from highs, but OPEC's cuts still support market

Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Despite this, markets remained well supported by ongoing supply cuts led by the Organization of...

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Saudi Aramco to seek pitches for IPO coordinator roles

Saudi Aramco to seek pitches for IPO coordinator roles

Saudi Arabian Oil Co. is asking banks to pitch for roles as coordinators and bookrunners on its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with plans for the world’s biggest share sale. The company sent out the request...

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Bitcoin rises above $14,000 on Bitstamp to record high

Bitcoin rises above $14,000 on Bitstamp to record high

Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year. The cryptocurrency was last up 2.94 percent at $14,030.00 at the Luxembourg-based Bitstamp exchange BTC=BTSP. Reporting by the Tokyo markets team;...

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Turkish lira gains on US dollar after Erdogan’s remarks

Turkish lira gains on US dollar after Erdogan’s remarks

The lira gained ground against the dollar on Monday after the Turkish president’s remarks on capital movement abroad. The dollar/lira rate, which soared to a historic high of nearly 4 lira last month, fell below 3.90 after Recep Tayyip Erdogan said he had not given any orders to put...

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CVS Health to acquire Aetna for $69 billion in year's largest acquisition

CVS Health to acquire Aetna for $69 billion in year's largest acquisition

 U.S. drugstore chain operator CVS Health Corp (CVS.N) said on Sunday it had agreed to acquire U.S. health insurer Aetna Inc (AET.N) for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies. This year’s largest corporate...

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Amazon steps up pace in artificial intelligence race http://

Amazon steps up pace in artificial intelligence race http://

Amazon.com Inc this week announced a flurry of new machine learning features for its Amazon Web Services cloud computing business, raising its challenge to Silicon Valley’s biggest tech firms for the lead in artificial intelligence. The new offerings will enable AWS customers to...

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Bitcoin tops $10,000, taking 2017 gains to 940 percent

Bitcoin tops $10,000, taking 2017 gains to 940 percent

Virtual currency bitcoin soared to an all-time high above $10,000 on Tuesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp. Created in 2009, bitcoin uses encryption and a blockchain database that enables the...

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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