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China Retail Sales Return to Growth, Economic Recovery Continues

Chinese retail sales rose in August for the first time since the coronavirus pandemic struck, data showed Tuesday, as officials try to kickstart the crucial domestic consumer sector to fuel recovery in the world's number-two economy.

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UAE, Israel Sign First Banking Deal

The National Bank of Dubai, the largest banking group in the emirate, signed a memorandum of understanding Monday with Israel's Bank Hapoalim, on the eve of the UAE-Israel normalization accord signing.

"It is a great honor to be the first bank to sign such an agreement that will contribute to the establishment of the relationship between the two countries," Bank Hapoalim’s CEO, Dov Kotler, said in a statement issued by NBD.

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Vaccine Hopes, Dealmaking Stoke Wall Street Optimism

European stock markets were close to flat Monday but Wall Street enjoyed positive midday trading, buoyed by coronavirus vaccine hopes and big-ticket deals.

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European Air Travel Nosedives as Virus Resurges

The total number of passenger flights in Europe will plummet by more than expected this year as countries fail to coordinate policy on air travel during a pandemic, Eurocontrol said on Monday.

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U.S. Government Confirms Receiving Oracle Bid for TikTok

Ahead of a deadline set by President Donald Trump over video sharing app TikTok, Washington officials will evaluate a bid that could see U.S. tech giant Oracle become a partner to a Chinese company that has been called a national security risk.

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Israeli Tech Start-Ups Take on the Emirates

The moment a deal normalizing ties between the United Arab Emirates and Israel was announced, the head of a Tel Aviv technology organisation received dozens of LinkedIn invitations from Emiratis.

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Q&A: What to Expect from Trial of Ghosn's ex-Aide Kelly

The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Tuesday. It's the latest chapter in the unfolding scandal of Carlos Ghosn, a superstar at Nissan Motor Co. until he and Kelly were arrested in late 2018.

Five questions and answers about the trial:

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Carlos Ghosn's ex-Aide Kelly Goes on Trial

The lengthy saga of ex-Nissan chief Carlos Ghosn takes a new turn next week when the auto titan-turned-fugitive's former assistant Greg Kelly goes on trial in Tokyo.

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UK Virus-hit Economy Continues to Recover in July

The British economy continued to recover in July, expanding by 6.6 percent, a slower pace of growth than in June when the country emerged from its virus lockdown, official data showed on Friday.

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German Finance Minister in Hot Seat over Scandals

German Finance Minister Olaf Scholz was grilled by lawmakers Wednesday as he faced growing pressure over his role in two financial scandals that have shaken the country.

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