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US-China Trade Talks to Open in Beijing

The United States and China open the latest round of their trade talks Thursday as the economic superpowers edge towards a deal to resolve a months-long spat that has rattled the global economy.

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are expected to resume talks in Beijing with China's top economic official Liu He, the first since China put into law new measures seen as an olive branch in their high-stakes stand-off.

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Boeing Holds Test Flights for 737 MAX Fix

US aviation authorities will defend their certification methods for new planes before lawmakers Wednesday, two weeks after grounding the Boeing 737 MAX over two deadly crashes in less than five months.

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U.S. Judge Recommends Partial Ban on iPhone Imports to U.S.

A U.S. trade judge ruled Tuesday that Apple had violated a Qualcomm chipmaker patent and said she would recommend banning imports of some iPhones.

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UPS Launches Package Delivery by Drone

American delivery giant UPS on Tuesday launched the first authorized use of unmanned drones to transport packages to recipients.

The company said the shipment of medical samples at the WakeMed hospital campus in Raleigh, North Carolina was the first of "numerous planned daily revenue flights."

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Billionaire Carlos Slim to Retire, Says Mexican President

Mexican telecoms billionaire Carlos Slim, one of the world's richest people, is planning to retire sometime in the next six years, President Andres Manuel Lopez Obrador said Tuesday.

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Bertelsmann Profits Boosted by Michelle Obama's Book Success

German media and publishing group Bertelsmann reported net profits of over one billion euros for the fourth straight year on Tuesday, a figure boosted by sales of Michelle Obama's memoir.

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French Budget Deficit Sinks to 12-Year Low

France's budget deficit fell to a 12-year low of 2.5 percent in 2018, a greater-than-expected decline achieved despite falling growth and purchasing power, national statistics agency Insee said Tuesday.

The deficit was lower than the government's forecast of 2.6 percent, and came as Insee revised upwards the shortfall between spending and revenue for 2017 to 2.8 percent of GDP, from a previous estimate of 2.6 percent.

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Uber Acquires Mideast Competitor Careem for $3.1B

Ride-hailing service Uber announced on Tuesday it has acquired its Mideast competitor Careem for $3.1 billion, making it the largest-ever technology purchase in the region.

Uber said in a prepared statement that the $3.1 billion purchase consists of $1.7 billion in convertible notes and $1.4 billion in cash. Under the deal, Careem will keep its brand as a wholly-owned subsidiary of Uber, operating as an independent company led by its original founders.

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Traffic-Choked Jakarta Inaugurates Mass Rapid Transit System

Indonesia's capital inaugurated its first mass rapid transit system on Sunday, a $1.1 billion project seen as crucial to tackling some of the world's worst traffic congestion.

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Last Hurdle for EU Copyright Reform in European Parliament

The European Parliament will vote Tuesday on controversial copyright reforms championed by news publishers and the music business but criticized by big tech and internet freedom activists.

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