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Housing 'Crisis' Tests Saudi Reform Drive

Saudi Arabia is building a futuristic megacity with promises of talking robots and flying taxis, but for hundreds of thousands like academic Abdullah a simple dream remains elusive -- owning a home. 

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Myanmar 'Categorically Rejects' U.N. Report on Army Business Empire

Myanmar hit back Tuesday at a report by U.N. investigators calling for tougher sanctions against the country's powerful military to squeeze its business empire, accusing the probe of trying to harm the country.

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Federal Reserve Says U.S. Interest Rates 'in Right Neighborhood'

The Federal Reserve has set U.S. interest rates "in the right neighborhood," but will watch how the economy reacts to factors like the trade war, James Bullard, a key member of the central bank policy board, told AFP on Tuesday.

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European Stock Markets Recover after Yuan-Fueled Rout

European stock markets recovered a bit Tuesday and Asian indices pared back heavy losses following a rout on Wall Street as investors fretted over the US-China trade war.

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China's Yuan Falls Further amid Trade War Fears

China allowed its yuan to fall further Tuesday and accused Washington of damaging the global economy, fueling fears about increasing damage from their trade war.

The yuan declined to 7.0562 to the U.S. dollar before strengthening to 7.0297 in the afternoon. That came a day after Beijing sent financial markets tumbling by allowing the currency to fall to an 11-year low, breaking through the politically sensitive level of seven to the dollar.

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Japanese Car Sales Plunge in S. Korea as Trade Row Rages

Japanese automakers saw sales in South Korea slump last month, industry data showed Monday, as President Moon Jae-in thanked his citizens for responding to the intensifying trade dispute with "one heart".

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Report: Fiat Chrysler Open to Fresh Merger Talks with Renault

The chief of Fiat Chrysler remains open to the possibility of resuming merger talks with France's Renault, months after talks between the two automakers aimed at forging an industry powerhouse broke down, according to an interview published Monday.

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HSBC Boss in Shock Exit as Bank Warns of 'Challenging' Times

HSBC on Monday announced the shock exit of chief executive John Flint, but denied talk of a management split as it also axed 4,000 jobs and warned of dark clouds on the horizon.

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Chinese Yuan Falls to Weakest Level against Dollar since 2010

The Chinese yuan fell to its lowest level against the dollar since August 2010 in morning trade on Monday, fuelling speculation that Beijing is allowing currency depreciation to counter threatened US tariffs.

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Is Boeing Too Big to Fail?

The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing's reputation, but it still has the confidence of US policymakers.

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