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Qatar to Spend $13bn on 'Mega Projects' in 2017

Qatar will invest up to $13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices, the Gulf state's finance minister said on Tuesday.

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British PM Joins Gulf Summit for Post-Brexit Trade Talks

British Prime Minister Theresa May is to join Gulf Arab leaders gathered for a summit in Bahrain on Tuesday for talks on trade after Britain's exit from the European Union.

May is the first British premier and the first woman to attend the annual summit of the six oil-rich Gulf Cooperation Council states.

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Russia Says OPEC, non-OPEC Members to Meet Saturday in Vienna

Russia's energy ministry said Tuesday that OPEC and non-OPEC members would meet in Vienna Saturday following a decision to cut global oil output.

The ministry told AFP that Russian Energy Minister Alexander Novak would be taking part in the meeting, which comes after Moscow said it was ready to reduce crude output by 300,000 barrels a day in the first half of 2017. 

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Italian Banks on Knife Edge as Renzi Quits

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi's resignation will threaten their recapitalization plans.

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European Markets Bounce Back from Renzi-Sparked Losses

European stocks and the euro rebounded sharply Monday as investors were reassured by the speed of Italian Prime Minister Matteo Renzi's resignation after losing a crunch referendum.

The region's markets began the day in negative territory, with Milan tumbling two percent, but recovered somewhat with sentiment soothed also by the defeat of the far right in Austria's presidential election.

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Nutella Maker Ferrero Spreads into Biscuits

Nutella maker Ferrero said Monday it had bought Belgium's Delacre for an undisclosed sum as it seeks to spread from chocolates to biscuits.

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Italy Vote Won't Trigger New Euro Crisis, Ministers Say

The eurozone will not be plunged back into crisis by Italy's referendum vote and the resignation of Prime Minister Matteo Renzi, ministers from the single currency area insisted Monday.

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China Criticizes U.S. Decision to Block Aixtron Deal

China Monday criticized a US.. decision to block a Chinese company's purchase of German semiconductor equipment maker Aixtron, saying business should not be politicized.

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Trump Threats May Not Stop U.S. Offshoring of Jobs

President-elect Donald Trump's threats to retaliate against U.S. companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs.

Trump laid down the gauntlet on Thursday at a campaign-style rally after striking a deal with Carrier to keep about 1,100 jobs in Indiana in exchange for $7 million in state tax incentives over 10 years.

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Spanish Seek to Recover Properties Seized in Cuban Revolution

When Arturo Gonzalez's father fled Cuba half a century ago all he could take with him on the flight to Madrid was a suitcase with his clothes -- and his glasses.

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