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Don't Panic, UK Business Minister Says after Brexit

British business minister Sajid Javid on Sunday urged companies not to panic following Britain's vote to leave the European Union despite dire warnings of the economic consequences of the Brexit vote.

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Foreign Investors Eye UK Property after Brexit Fallout

With property prices in Britain predicted to plummet post-Brexit, foreign investors, especially in Asia, are already poised for a buying spree.

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Blame Flows Freely as West Bank Taps Run Dry

Fatma Ali stands in her small patch of garden in the parched West Bank and wonders how to feed her family of seven when she's had no water in nearly a week.

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London Fears Brexit Exodus of Bankers, Investment

Will Brexit threaten London's long-booming economy? The British capital fears investors and bankers could flee the city after the shock nationwide vote, threatening its coveted reputation as a global financial hub.

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Gulf Stocks Fall on Brexit Vote

Stock markets in the energy-rich Gulf states dropped Sunday in the first trading session after Britain voted to leave the European Union.

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Newly Expanded Panama Canal Opens for Bigger Business

Panama is preparing to officially open its canal this weekend to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade.

On Sunday, a VIP ceremony will be held on the banks of the canal to inaugurate the completion of the works.

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Spain Struggles to Reduce Unemployment, Debt Despite Growth

Spain, which goes to the polls on Sunday in a repeat general election, is the eurozone's fourth largest economy and one of the fastest-growing nations in Western Europe, although it suffers from high unemployment and debt.


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Brexit a Possible Boon for China, Say Analysts

Britain's decision to quit the world's largest single market presents China with a golden opportunity to seek better business terms with a more isolated UK, analysts said Friday, pointing out that London has not had its own trade negotiators for 40 years.

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Brexit: IMF Urges 'Smooth Transition' to a New Economic Relationship

IMF chief Christine Lagarde called on Britain and Europe on Friday to work together to ensure that Britain's pullout from the European Union will take place smoothly.

"We urge the authorities in the UK and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the UK and the EU, including by clarifying the procedures and broad objectives that will guide the process," Lagarde said.

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Gold Strikes Two-Year High on Brexit Vote

Gold prices surged Friday to the highest level in more than two years following Britain's shock decision to leave the European Union.

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