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Chinese smartphone giant Xiaomi unveils first electric car

Chinese consumer electronics giant Xiaomi unveiled its first electric car model on Thursday, with its boss declaring ambitions of becoming a global automotive powerhouse despite fierce competition at home.

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Norway fund drops Saudi Aramco, 11 other Gulf firms

Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.

KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million.

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In Moscow to meet Putin and Lavrov, India's foreign minister praises growing trade

India's foreign minister met Wednesday with Russian President Vladimir Putin, who said relations between the countries are progressing even amid turbulent times.

Subrahmanyam Jaishankar's meeting was part of a five-day visit. At the start of the meeting, Putin said he would inform the Indian diplomat about the fighting in Ukraine, on which Indian Prime Minister Narendra Modi has held a neutral stance.

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US companies are picky about investing in China. The exceptions? Burgers, lattes

There's been no shortage of tough news for China's economy as some of the world's biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington.

Count Adidas, Apple and Samsung among those looking elsewhere.

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Schaeuble, German statesman and finance minister during debt crisis, dies at 81

Wolfgang Schaeuble, who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis two decades later, has died. He was 81.

Schaeuble died at home on Tuesday evening, his family told German news agency dpa on Wednesday.

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Wall Street quietly advances in thin holiday trading

Wall Street inched modestly higher in holiday-thinned trading Tuesday, while Asian markets mostly advanced and European markets remained closed.

Futures for the S&P 500 rose 0.1% before the bell and futures for the Dow Jones Industrial Average rose less than 0.1% to kick off what's expected to be a quiet, holiday-shortened week of trading.

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Morocco, in first, hands out welfare benefits

Nearly a million low-income Moroccan families are due to receive government aid, authorities announced, launching the kingdom's first and much-awaited social benefits program.

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Apple Watch import ban goes into effect in US patent clash

A U.S. import ban on certain Apple smartwatch models came into effect Tuesday, after the Biden administration opted not to veto a ruling on patent infringements.

The United States International Trade Commission (ITC) decided in October to ban Apple Watch models over a patented technology for detecting blood-oxygen levels.

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Asian shares advance in holiday-thinned trading, European markets remain closed

Shares advanced in Asia on Tuesday in holiday-thinned trading, while European markets remained closed for holidays.

The future for the S&P 500 was 0.2% higher and that for the Dow Jones Industrial Average added 0.1%. Oil prices edged higher.

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Biden to sign order aimed at financial facilitators of 'Russian war machine'

President Joe Biden is set to sign an executive order giving the U.S. Treasury Department the authority to target financial institutions that facilitate Russia's efforts to bolster its defense industry.

The new sanctions authority is meant to gum up the Kremlin's push to restock the Russian military's depleted arsenal after nearly 22 months of fighting in Ukraine. Russia has already lost over 13,000 pieces of equipment, including tanks, drones and missile systems, according to a U.S. assessment.

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