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UK May Pay for EU Single Market Access after Brexit

Britain would consider paying for continued access to the European single market after it leaves the EU, a senior minister said Thursday, boosting investors' hopes of a "soft Brexit".

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Britain to Brief Foreign Press on Brexit to Counter 'Misreporting'

British Prime Minister Theresa May's office will hold regular briefings with foreign journalists from early next year to counter "misreporting" about its plans for Brexit, a spokeswoman said Thursday.

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Coca-Cola Opens First Factory in Gaza Strip

Coca-Cola formally has opened its first factory in the Gaza Strip, the company announced Wednesday, in a move that could create hundreds of jobs in the beleaguered Palestinian enclave.

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Ambassador Shorter Inaugurates UK Funded Projects in Bekaa

As part of the UK’s ongoing partnership with the Ministry of Social Affairs, British Ambassador Hugo Shorter returned to the Bekaa to inaugurate four additional UK funded projects under the Lebanon Host Communities Support Program, a close partnership between the Ministry of Social Affairs and the United Nations Development Program, a press release said Thursday.

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Oil Resumes Rise after OPEC Cut

Oil prices resumed their rise Thursday and held above the $50 barrier following OPEC's decision to carry out its first output cut in eight years.

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Oil Price Rises after OPEC Agrees First Output Cut since 2008

The OPEC oil cartel defied expectations Wednesday and nailed down its first joint output cut since 2008 after tough talks in Vienna, sending oil prices soaring.

In late London trade Brent North Sea crude for January delivery was up $3.98 at $50.36, the first time it rose above $50 in a month. West Texas Intermediate was up $4.53 at $49.76.

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Trump Picks 'King of Bankruptcy' for Commerce

U.S. President-elect Donald Trump picked an investor with such a history of investing in dying industries that he was known as the "King of Bankruptcy" to head the Commerce Department.

Wilbur Ross, a billionaire known for taking over ailing steel and coal companies and selling them for profit, will help handle trade disputes with countries like China, including complaints about the dumping of cheap metals into the U.S. market.

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Saudi Arabia Says Sentiment 'Optimistic' for OPEC Deal

Saudi Arabia's energy minister said Wednesday that an "optimistic" sentiment prevailed at an OPEC meeting meant to agree the cartel's first oil output cut in eight years.

"We don't know (if a deal will be reached)," Khaled al-Falih told reporters in Vienna as the talks started. "We will find out during the meeting. I think the sentiment generally is optimistic and positive."

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Eurozone Inflation Hits 31-Month High in November

Eurozone inflation rose to a two-and-half year high in November as Europe moved further away from the low consumer prices that have put a fragile economic recovery under threat.

The Eurostat statistics agency on Wednesday said consumer prices in the 19-country currency bloc rose by 0.6 percent this month, the first time it has hit that level since April 2014.

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SGBL and L'Orient-le Jour Reward the Winners of Génération Orient

Six months after the launch of Génération Orient the cultural project, a partnership between SGBL and L'Orient-le Jour, the closing of the first season and the awards ceremony took place at the O1NE in the presence of the artists and a large audience. Painter Hala Ezzedine was handed the 1st prize from SGBL's Deputy CEO Philippe Dubois; dancer Ali Chahrour received the 2nd prize while the 3rd prize was finally attributed to designer Marc Dibeh.

With « Génération Orient », both SGBL, a partner of ‪‎Culture and Youth, and l’Orient-Le Jour, the daily newspaper of reference, are catalysts of young artistic talents, highlighting every month their ‪art and their passion.‬‬‬‬‬‬‬‬‬‬ Thus, during 6 months, we had the chance to know and assess the story and the path of six young artists in various fields: Mir Jean Bou Chaaya (movies), Rayya Morcos (fashion), Hala Ezzedine (painting), Ali Chahrour (dance), Marc Dibeh (design) et Blu Fiefer (music). The winners were then selected with 50% on facebook and 50% by a jury of experts as well as representatives from both OLJ and SGBL.

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