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Nissan Returns to Profit, Ups Forecast Despite Chips Crunch

Nissan reported a profit for the July-September quarter, managing to reverse earlier losses despite challenges that include shortages of computer chips and rising costs for materials.

The 54.1 billion yen ($479 million) profit for the last quarter compared with a 44 billion yen loss racked up in the same period of 2020.

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U.S. VP Harris Arrives in Paris for 4-Day Fence-Mending Trip

U.S. Vice President Kamala Harris landed in Paris on Tuesday at the start of a four-day visit and charm offensive aimed at shoring up the U.S. relationship with France, America's oldest ally.

Washington's relations with Paris hit a historic low this year after a U.S.-British submarine deal with Australia scuttled a French deal to sell subs to the Australian navy.

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APEC Leaders Meeting to Chart Path Forward from Pandemic

U.S. President Joe Biden and his Chinese counterpart Xi Jinping will have a rare virtual encounter this week as they gather online with other Pacific Rim leaders to chart a path to recovery out of the crisis brought on by the pandemic.

New Zealand is hosting this year's Asia-Pacific Economic Cooperation (APEC) forum, which culminates in a leader's meeting on Saturday. Continued outbreaks of the coronavirus and related travel restrictions have confined the meeting to the virtual realm for a second straight year.

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In Fast-Changing Dubai, Once-Isolated Village to be Razed

From the front porch of their cinderblock home, Garry and Amanda James gaze over Dubai's soaring skyscrapers and massive malls.

It's a skyline that in their young days had seemed impossibly far off. Outside Amanda's childhood home in the same spot three decades ago were just miles of empty desert.

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Miqati Promises '24/24' Electricity, Says IMF Talks 'on Track'

Prime Minister Najib Miqati confirmed Monday that the parliamentary polls will be held before May 21st. "No one can prevent the holding of elections,” he affirmed.

He also said that the negotiations with the International Monetary Fund are “on the right track,” and that the World Bank is “fully cooperating.”

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Asian Markets Lower after Wall St Record, China Trade Growth

Global stock markets and Wall Street futures declined Monday after stronger U.S. hiring and a double-digit rise in Chinese exports.

London and Frankfurt opened lower. Tokyo, Hong Kong and Sydney declined while Shanghai advanced.

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Japan's SoftBank Sinks into Losses over China Investments

SoftBank Group Corp. sank into red ink for the July-September period, dragged down by losses on its investments in China, the Japanese technology conglomerate said Monday.

SoftBank reported a 397.9 billion yen ($3.5 billion) loss for the fiscal second quarter, compared to a 627 billion yen profit recorded the same period the previous year.

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Elon Musk Tweets to Ask If He Should Sell Some Tesla Stock

Tesla CEO Elon Musk is asking on Twitter whether he should sell 10% of his stock in the electric-vehicle company amid pressure in Washington to increase taxes on billionaires like him.

Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hold goes up, even if they don't sell any shares. It's a concept called "unrealized gains," and Musk is sitting on a lot of them with a net worth of roughly $300 billion.

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Plenty of Pitfalls Await Zuckerberg's 'Metaverse' Plan

When Mark Zuckerberg announced ambitious plans to build the "metaverse" — a virtual reality construct intended to supplant the internet, merge virtual life with real life and create endless new playgrounds for everyone — he promised that "you're going to able to do almost anything you can imagine."

That might not be such a great idea.

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Lone French Fisherman Left adrift in UK-France Fishing Spat

Soon-to-be father Hermann Outrequin felt optimistic in 2019 when he gave up his fishing company job of 16 years to go independent. The Normandy fisherman wanted a fresh start to have time for his newborn son.

But now a political spat over fishing rights between Paris and London has thrown cold water over his plans.

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