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Trade War Cited as Cause for 10,000 U.S. Layoffs in August

The pace of downsizing at American companies surged last month, with more than 10,000 job cuts blamed on "trade difficulties" alone, according to figures released Thursday.

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U.S. Sees 'Modest' Growth, Businesses Show 'Near-Term' Optimism

The U.S. economy grew at an unspectacular pace in recent weeks, while businesses still took a rosy view of the near future despite the escalating U.S.-China trade war, the Federal Reserve said Wednesday.

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Putin Woos Asian Investors in Russia's Far East

President Vladimir Putin sought to lure Asian investment to Russia's Far East on Thursday as the launch was announced of a huge Arctic gas project aimed at Asian markets.

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Syria Enjoys 2019 Harvests Boost

Strong rains and reduced violence in many Syrian regions have led to much improved harvests in 2019 but high prices remain a threat to food security, the U.N. said Thursday.

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EU Makes 780 Million Euros Available in Emergency Funding for Brexit

The European Union is freeing up 780 million euros ($860 million) in emergency funds to cope with the impact of a possible no-deal Brexit on member states, officials said Wednesday.

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UK Business Activity Contracts, Raising Recession Risk

British business activity shrank in August, slammed by weakness in the key construction, manufacturing and services sectors, as the economy suffers from Brexit turmoil, a key survey showed Wednesday.

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S&P Warns on Foreign Currency Reserve, Hariri Vows to Keep Lira Pegged to Dollar

An international ratings agency warned Wednesday there is a risk that customer deposit flows, particularly by nonresidents, could continue to decline in Lebanon, resulting in an accelerated drawdown of foreign currency reserves that would test the highly indebted country's ability to maintain the local currency peg to the U.S. dollar.

Prime Minister Saad Hariri, however, pledged to keep the national currency pegged to the dollar, as it has been since 1997.

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Australian Economic Growth Hits 10-Year Low

The Australian economy has recorded its weakest annual growth in a decade, official data released Wednesday showed, expanding just 1.4 percent in the year to June.

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Asian Stocks Rise after Disappointing US Data, Brexit Drama

Asian stock markets rose Wednesday following surprise weakness in U.S. manufacturing and wrangling in Britain over the country's departure from the European Union.

Benchmarks in Shanghai, Tokyo and Hong Kong advanced.

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EU Locked in 'Long Battle' against Chinese Fraud

Europe's "long battle" against fake goods from China has become even more difficult with the upsurge in online shopping, where fraudulent and often dangerous products were being sold, an EU official said Tuesday.

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