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Britain Hikes Brexit Pot, Slashes Growth Outlook

Britain on Wednesday substantially hiked its funds for Brexit preparations, as it slashed growth forecasts over a five-year period in a key annual budget update.

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French Central Bank Calls for More Cross-Border Mergers

The Banque de France wants it to be easier for European banks to merge, the central bank's chief Francois Villeroy de Galhau said on Wednesday.

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UK Budget to Weigh Austerity as Brexit Clouds Gather

Britain's Conservative government, facing severe pressure over Brexit and battling a sluggish economy, launches a budget fightback Wednesday that is expected to see some scaling back of unpopular austerity.

Finance minister Philip Hammond will deliver his annual tax and spend plans as uncertainty lingers over the nature of Britain's departure from the European Union.

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Asian Markets Extend Global Rally, Hong Kong Cracks 30,000 Mark

Hong Kong stocks broke the 30,000 mark for the first time in 10 years on Wednesday as Asian markets extended a global rally following another record close on Wall Street.

After retreating for most of this month, investors were back in buying mood this week on optimism about the world economy and earnings, while they remain upbeat that US lawmakers will eventually push through much-vaunted tax cuts.

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Airbus Gets Certification for A350-1000

Airbus said Tuesday that its A350-1000 widebody aircraft had received certification from U.S. and European aviation authorities, clearing the way for its delivery and entry into service.

A longer version of the Airbus A350-900, the twin-engine plane can accommodate an extra 40 people, taking its total capacity to 366 people.

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UK Entrepreneur Addresses Future of Social Enterprise in Lebanon

One of the UK’s leading social entrepreneurs, Peter Holbrook – CEO of Social Enterprise UK, is on a two day visit to Lebanon, his second to Beirut and the region, the British Embassy said on Monday.

Holbrook held a series of meetings with Lebanese Ministers of Finance and Economy & Trade, the Central Bank, the Chamber of Commerce, bankers and officials aiming to raise awareness of social enterprise and demonstrate how social enterprise makes a difference.

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Apple Pay in First Deal with Major French Bank

Apple has reached its first agreement with a major French bank on Apple Pay, as Societe Generale said Monday it would offer its clients the chance to use the smartphone payment system.

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EU Ready for 'Most Ambitious' Brexit Trade Pact

EU Brexit chief Michel Barnier said on Monday the bloc would give Britain its "most ambitious" trade deal -- but only if it meets the bloc's stringent Brexit conditions.

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Booming Germany Can Weather Political Impasse -- For Now

Germany's robust economy can weather the immediate fallout from Chancellor Angela Merkel's failed coalition talks, experts said Monday, but warned that a lengthy political paralysis could delay much-needed reforms and jeopardize future growth.

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Euro Sinks in Asia as Germany is Gripped by Uncertainty

The euro faced fresh pressure in Asian trade on Monday after German Chancellor Angela Merkel failed to form a government at the weekend, fuelling uncertainty in Europe's biggest economy.

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