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Aramco markets five-tranche bonds, seeking cash amid cheap oil

Saudi Aramco began marketing a five-tranche U.S. dollar-denominated bond sale on Tuesday, as the world's largest oil producer seeks cash after low oil prices dented its finances. The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by...

Biden outlines plan to ease economic inequity amid pandemic

WILMINGTON, Del. (AP) — President-elect Joe Biden on Monday outlined his plans to alleviate economic inequality and boost the U.S. economy but said any structural reforms depend first on reining in the coronavirus pandemic. “Once we shut down the virus and deliver economic relief to...

Ethiopia resists mediation as it bombs Tigray capital

Ethiopia resisted international pressure for mediation in a war in the country’s north on Monday as its air force bombed the Tigrayan capital Mekelle, according to diplomatic and military sources. Hundreds have died, 25,000 refugees have fled to Sudan and there have been reports of...