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UK Unemployment Stays at Lowest since 1975

Britain's unemployment rate remains at 4.6 percent, the lowest level for 42 years, official data showed on Wednesday.

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World Bank to Give Afghanistan $520 mn Credit

The World Bank on Tuesday said it had approved a $520 million plan to help Afghanistan, which has been weakened by the Taliban insurgency and gradual withdrawal of US troops.

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Eurozone Stocks Rise at Open; London Dips

The German and French stock markets rose at the open on Wednesday while London dipped, as investors awaited the Federal Reserve's latest decision on US interest rates.

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Spain Prosecutors Seek Five Years Jail for ex-IMF Head Rato

Spanish prosecutors have asked for former IMF chief Rodrigo Rato to be jailed for five years over the failed 2011 listing of Bankia, a bank he led which later had to be rescued by the state.

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Embattled Uber CEO Kalanick to Take Leave of Absence

Uber chief executive Travis Kalanick announced Tuesday he would take an indefinite leave of absence as the embattled ridesharing giant unveiled major reforms to address damaging allegations of corporate misconduct.

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Spain's Government Faces No Confidence Vote over Graft

Spain's government on Tuesday faced a vote of no confidence tabled by the far-left Podemos to denounce a series of corruption scandals that have hit Prime Minister Mariano Rajoy's conservative party.

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France Will Likely Miss 2017 Deficit Target

French Prime Minister Edouard Philippe said on Tuesday there is a very strong possibility that France will miss its deficit target for this year because of the previous government's lax spending.

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Exports Surge Pushes Turkey First Quarter Growth to 5%

Turkey's economy grew a stronger-than-expected 5.0 percent in the first quarter of 2017, official data showed on Monday, driven by a surge in export growth.

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Qatar Airways Profits Reached $540 Million before Gulf Crisis

Qatar Airways said Sunday its net profits rose by almost 22 percent in the last financial year that ended in March, before the diplomatic fallout with its Gulf neighbors.

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Pound Struggles to Recover in after Shock British Vote

The pound struggled on Monday to bounce back from last week's sharp losses that came in the wake of a shock British election result that has thrown the country into uncertainty.

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