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Uber Seeks $10 Billion IPO, Scales Back Value Target

Uber is seeking to raise some $10 billion in what would be the largest stock offering of the year, with details coming this week, the Wall Street Journal reported Wednesday.

The global ride-hailing giant is seeking a valuation close to $100 billion -- an impressive figure but below some earlier estimates amid an ebbing of enthusiasm on growth and profitability, the report said.

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Russian Investigators Request House Arrest for U.S. Investor

Russian investigators have asked a Moscow court to move U.S. investor Michael Calvey, who is accused of fraud, from pre-trial jail to house arrest.

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Venezuela, Saudi Oil Output Slumps, Says OPEC

OPEC's oil output dropped sharply last month as a result of steep production cuts in Venezuela and kingpin Saudi Arabia, the cartel said on Wednesday.

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Petrol Rationing Hits War-Weary Damascus Cab Drivers

After his tank ran dry, Syrian taxi driver Abu Sammy had to get out and push his car with a passer-by's help to a long queue at a Damascus petrol station.

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Carlos Ghosn Appeals Detention to Japan's Supreme Court

Lawyers for former Nissan chief Carlos Ghosn on Wednesday appealed his ongoing detention to Japan's Supreme Court, after the auto tycoon was re-arrested last week while out on bail.

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IMF Cuts Global Growth Estimate to 3.3% as World Economy Loses Steam

The global economy is facing a "delicate moment," beset with risks as the recovery loses steam amid trade tensions, Brexit and other factors, the International Monetary Fund warned Tuesday.

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Trump Says U.S. to Punish EU over Airbus Subisides

President Donald Trump on Tuesday lashed out at the European Union, vowing to slap tariffs on billions in EU imports in retaliation for subsidies to aviation giant Airbus.

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'No Deal' Brexit Risks Severe Economic Shock, IMF Warns

Britain's economy risks a serious shock if the UK leaves the EU without a deal, the International Monetary Fund said Tuesday, warning of severe trade disruption and slower economic growth.

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EU's Juncker Demands Fair Trade from China ahead of Summit

European companies should have the same rights in China as Chinese firms in Europe, European Commission head Jean Claude Juncker said Tuesday as an unusually tense EU-China summit kicked off in Brussels.

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Ghosn Accuses Nissan Executives of 'Backstabbing' Plot

Carlos Ghosn has accused "backstabbing" Nissan executives of a "conspiracy" to have him arrested over fears he planned to merge the Japanese firm with France's Renault, in a video released Tuesday.

The footage, recorded shortly before Ghosn was re-arrested by prosecutors in Tokyo last week, did not however point the finger at specific individuals, with the tycoon's lawyer saying it had been edited to remove names.

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