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Trump Threats May Not Stop U.S. Offshoring of Jobs

President-elect Donald Trump's threats to retaliate against U.S. companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs.

Trump laid down the gauntlet on Thursday at a campaign-style rally after striking a deal with Carrier to keep about 1,100 jobs in Indiana in exchange for $7 million in state tax incentives over 10 years.

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Spanish Seek to Recover Properties Seized in Cuban Revolution

When Arturo Gonzalez's father fled Cuba half a century ago all he could take with him on the flight to Madrid was a suitcase with his clothes -- and his glasses.

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EU, IMF 'Going in Circles' on Greek Debt Relief

Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout program for Greece.

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Egypt Hikes Tariffs on Imported Goods

Egypt is raising tariffs on some imported goods to up to 60 percent following a decree by President Abdel Fattah al-Sisi, the finance ministry said Sunday.

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OPEC Deal Boosts Iran Budget

Iran's President Hassan Rouhani presented his budget Sunday, with OPEC's decision to cut production helping to boost its expected oil revenues.

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EU Banks at Risk from Bad Loans, Low Profit

The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc's financial regulator said in a report Friday.

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Erdogan Urges Turks to Convert Foreign Currency to Lira

President Recep Tayyip Erdogan urged Turks on Friday to convert their foreign currencies into gold and lira to stimulate the country's economy as the lira continued its slide against the dollar.

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Airbnb Imposes Limit on London Home Rentals

Airbnb will impose a 90-day limit on the sharing of private homes in London, the home rentals website has revealed amid fears over the British capital's housing market.

The online lettings firm announced the move on Thursday after studying its impact in London and elsewhere, adding it would also enforce a 60-day limit in Amsterdam.

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Russia Says Foreign Spies Plotted Huge Cyberattack

Russia on Friday said it had uncovered plans by foreign intelligence services to carry out massive cyberattacks this month targeting the country's financial system.

The FSB security service said in a statement that it had received information on "plans by foreign secret services to carry out large-scale cyberattacks from December 5."

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Turkey Detains Business Executive, Alleging Gulen Link

Turkey has detained an executive from a major business conglomerate under a probe into supporters of the Muslim cleric blamed for July's failed coup, state media reported Thursday.

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