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BMW Vows to Rev Up Electric Car Rollout

German high-end carmaker BMW said Tuesday it would accelerate its plans to build new electric models, as the whole industry comes under pressure to meet strict emissions regulations.

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Nissan Shareholders Approve Post-Ghosn Governance Overhaul

Nissan shareholders Tuesday approved an overhaul intended to strengthen governance at the crisis-hit Japanese automaker, still reeling from the Carlos Ghosn scandal and facing tensions with its French partner Renault.

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EU to Sign Trade Deal with Vietnam

The European Union will sign a deal to remove virtually all customs duties on trade with Vietnam on Sunday, the EU Commission announced.

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Coca-Cola, China Dairy Giant Sign Olympic Sponsorship Deal

Coca-Cola and Chinese dairy firm Mengniu have signed a  deal to become joint sponsors of the Olympic Games from 2021 to 2032, IOC chief Thomas Bach announced Monday.

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Bitcoin Surges above $11,000 Thanks to Facebook's Currency Plans

Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing showings across stock, foreign exchange and commodity markets, with investors looking ahead to the week's G20 summit.

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Zimbabwe Ends Foreign Currency Use as Inflation Spirals

Zimbabwe announced on Monday that it would abandon the use of foreign currencies which replaced the local dollar that was swiped out by hyperinflation ten years ago.

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Jailed Daughter of Late Uzbek Leader Says Gave State $1 Billion

The jailed daughter of Uzbekistan's former president,  once tipped to succeed her father, says she has given $1.2 billion to the state and asked to be released.

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Arabs Renew Pledge to Give Palestinians $100 Million in Aid Monthly

The Arab League Sunday reaffirmed a pledge to pay $100 million a month to the Palestinian Authority, a day after Washington unveiled its Middle East peace plan.

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At Least 8 Killed in Nigeria Oil Pipeline Blast

At least eight people were killed when an oil pipeline exploded in the southeast of Nigeria, police and a local official said Sunday, adding that the death toll could rise.

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Saudi Launches Special Residency Scheme to Boost Revenue

Saudi Arabia on Sunday launched a new special residency scheme aimed at luring wealthy expats as the petro-state seeks to boost non-oil revenue.

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