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Former Croatian PM Convicted of War Profiteering

Croatia's former premier Ivo Sanader was convicted on Monday of war profiteering, in a re-trial that found him guilty of taking a bribe from an Austrian bank during the country's 1990s conflict.

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Saudi Says No Plans for Embargo despite Khashoggi Row

Saudi Arabia said Monday it had no plans to repeat its harsh 1973 oil embargo, even as relations with the West sour following the killing of Saudi critic Jamal Khashoggi.

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Italy's Salvini Dismisses Ratings Downgrade, Says Outlook 'Stable'

Interior Minister Matteo Salvini has dismissed ratings agency Moody's decision to downgrade Italy's credit standing because of the government's controversial budget plans and said the country's outlook was "stable."

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Germany Urges Global Minimum Tax for Digital Giants

German Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on U.S. tech giants.

"We need a minimum tax rate valid globally which no state can get out of (applying)," Scholz,  a social democrat in conservative Chancellor Angela Merkel's coalition government, told the "Welt am Sonntag" weekly. 

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Older Americans Delay, or Defy, Retirement

They tidy the baggage carts in airports, they sell clothes or work as cashiers in supermarkets at an age when their peers have long ago retired. 

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France Awaits Results from Macron's Pro-Business Push

Emmanuel Macron has watched his approval ratings plunge as voters wait for his pro-business reforms to pay off -- but for company leaders like Pierre Loustric, that's not a problem.

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At Jordan Border, Damascus Seeks to Revive Regional Trade

By reopening a key land crossing with Jordan this month, the Syrian regime is inching towards a return to trade with the wider region as it looks to boost its war-ravaged economy.

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Moody's Downgrades Italy Credit Rating on Debt, Deficit Concerns

Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget.

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State-Owned Oil Company Petrobras: Brazil's Crown Jewel

Petrobras is the jewel in Brazil's crown: Latin America's most valuable enterprise, a $100-billion oil and gas group whose crude output puts the country in the top 10 league globally, rivalling that of many OPEC members.

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IMF Reaches Deal with Ukraine on New $4 Billion, 14-Month Loan

The International Monetary Fund announced Friday it had reached agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly $4 billion.

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