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Asian Markets Rise on China-US Trade Hopes, Pound Stands Ground

Asian markets rose Tuesday on growing optimism that China and the US will sign a partial trade deal next month, while the pound held firm around five-month highs as dealers bet Britain will leave the EU with a Brexit agreement.

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Crisis Could Claim Third of Big Global Banks, Says McKinsey

US consulting firm McKinsey said Monday that a third of big global banks may not survive a major financial shock, with those in western Europe and Asia most at risk.

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Pound Steadies as Johnson Faces Battle to Pass Brexit Bill

Sterling steadied around $1.29 Friday as dealers paused for breath at the end of a dizzying week and on the eve of a vital vote on Prime Minister Boris Johnson's Brexit deal.

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Environmentalists Slam Banks over Aramco IPO Support

Banks aiding a stock market float for Saudi oil giant Aramco will be "devoid of all sincerity" regarding environmental and social concerns, green and rights groups jointly said Thursday.

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Berlin Blames Trade Wars and Brexit for Falling Growth Prospects

Germany on Thursday slashed its growth outlook for next year, saying it expects trade conflicts, Brexit and other sources of uncertainty abroad to continue weighing on an economy that remains buttressed by domestic strength.

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China Says Efforts 'Accelerated' on US Trade Deal

China said Thursday that its negotiators have "accelerated efforts" to hammer out the details of a partial deal with the United States, as the two sides edge towards an agreement in a lingering trade war.

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Pound Sinks as Key Ally Rejects Johnson Brexit Plan

Sterling tumbled Thursday after Prime Minister Boris Johnson's key ally in parliament said it "could not support" his plans for a Brexit deal, throwing a spanner in the works just as Britain and the European Union were closing in on an agreement.

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Pope Warns Overeating is 'Avenue of Personal Destruction'

The pope on Wednesday contrasted the world's 820 million hungry people with those who turn food into "an avenue of personal destruction" through overeating, in comments to mark World Food Day.

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Most of Grounded Swiss A220 Fleet Resumes Flying after Checks

Switzerland's main airline said that it expected more than half its fleet of Airbus A220s to resume flying on Wednesday after checks proved their engines were in "perfect condition."

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Polish Court Jails Couple in 200-Million-Euro Ponzi Scheme

A Polish court on Wednesday jailed a married couple who swindled 18,000 clients out of a total of 200 million euros ($225 million) in a massive Ponzi scheme.

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