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$60 Million in Virtual Currency Hacked in Japan

Bitcoin and other digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday.

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Cyprus, Egypt Sign Accord for Mediterranean Gas Pipeline

Cyprus and Egypt on Wednesday signed an agreement paving the way for the Mediterranean’s first subsea pipeline to carry Cypriot natural gas to the Arab country for re-export to Europe.

"Today’s signing is an important milestone, not only for Cyprus but also the entire eastern Mediterranean region," said Energy Minister George Lakkotrypis after he signed alongside visiting Egyptian Oil Minister Tarek el-Molla.

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Qatar Airways Announces $69 Million Revenue Loss this Year

Qatar Airways suffered a $69 million loss this fiscal year, an over $800 million swing from the year before that the long-haul carrier blamed on the ongoing boycott of Doha by four Arab nations.

The loss by the flagship carrier shows the challenges still facing Qatar, a small, energy-rich nation that juts out like a thumb on the Arabian Peninsula. However, the airline struck a defiant tone while releasing its results for the fiscal year that ended March 31.

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Yemen Central Bank Raises Interest Rates to Shore Up Riyal

The central bank of war-torn Yemen has raised interest rates on deposits to an all-time high of 27 percent in a bid to stabilise the plunging riyal that caused food prices to soar.

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Asian Markets Ride Positive Wave on Hopes of Trade Resolution

Asian markets rose Wednesday as new tit-for-tat tariffs by China and the United States were seen as lighter than feared, while there are hopes the two sides will eventually avert a damaging trade war.

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U.S. Ranks Low on Commitment to Development, France Drops

The United States ranks near the bottom of the list of countries with the best commitment to global development, while France dropped several places, a report released Tuesday found.

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Asian Markets Bounce on Talks Hopes after Trump Tariff Threat

Asian markets mostly rose Tuesday after Donald Trump said he would thump China with another round of tariffs but give some room for talks before jacking them up to the highest rate.

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Saudi Arabia Invests $1 Billion in Tesla Competitor Lucid

Saudi Arabia on Monday announced it has signed off on a $1 billion investment in U.S. carmaker Lucid Motors with the aim of helping the Tesla rival roll out electric cars.

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Saudi Sovereign Fund Secures $11bn Loan

Saudi Arabia's sovereign wealth fund said Monday it had secured its first ever international loan, boosting the kingdom's diversification drive after its flotation of state oil giant Aramco stalled.

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IMF: No-Deal Brexit Would Entail Substantial Costs

Britain's economy would suffer "substantial costs" if it leaves the European Union next March with no divorce agreement in place, the International Monetary Fund warned Monday.

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