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Austria to Sue Airbus over Alleged Eurofighter Fraud

Austria's defence ministry will sue European giant Airbus over alleged corruption and bribery linked to a controversial $2 billion sale of Eurofighter jets, an official said Thursday.

The country's largest-ever defence deal has been plagued by scandals from the very start.

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India Awards Drilling Rights for New Oil and Gas Fields

India has awarded drilling rights for 31 small oil and gas fields as it looks to reduce its costly dependence on energy imports.

In its first such auction in six years, contracts for the fields were awarded to 22 companies, the majority of which are new to the oil and gas sector.

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Greece Hopes EU's Moscovici Can Break Bailout Deadlock

Top EU economic affairs official Pierre Moscovici met Greek leaders in Athens on Wednesday in a bid to break the deadlock between the debt-laden country and its creditors.

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EU Parliament Approves Contested Canada Trade Deal

The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism.

MEPs meeting in Strasbourg, France, approved the pact with 408 votes in favour, 254 against and 33 abstentions. 

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British Inflation Hits Two-and-Half-Year High

British annual inflation picked up to its highest level in two and a half years in January, driven by rising fuel and food prices, official data showed Tuesday.

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Credit Suisse 2016 Net Loss of 2.4 bn Swiss Francs

Credit Suisse, Switzerland's second-biggest bank, said Tuesday it booked net loss of 2.4 billion Swiss francs (2.2 billion euros, $2.3 billion) in 2016, after agreeing to a massive settlement with the US authorities last month over its role in the so-called sub-prime crisis in 2008.

Credit Suisse said in a statement that its net loss was narrower than a year-earlier figure of 2.9 million Swiss francs. 

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Trump Organization to Launch 'Iconic' Dubai Golf Course

US President Donald Trump's sons are set to inaugurate a branded "iconic" golf course in Dubai Saturday, the first launch for the business empire since Trump took office in January.  

"Join us as we celebrate the grand opening of the iconic golfing destination Trump International Golf Club Dubai," read the invitation from DAMAC Properties, a major regional luxury real estate developer.

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Ex-Chief of Spain's Central Bank Charged over Banking Scandal

The former head of Spain's central bank was charged Monday for allegedly allowing the troubled Bankia bank to list on the stock exchange in 2011 "despite repeated warnings... that the group was unviable."

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Eurozone Outlook Raised Despite 'Exceptional Risks'

Europe's economic recovery remains on track but vulnerable to the "exceptional risks" of Brexit and the new Donald Trump administration, the EU said on Monday.

Brussels raised its growth forecasts for the eurozone through to 2018 but warned that the European Union as a whole was navigating "choppy waters".

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Brexit Impact Not as Bad as Feared, EU Says

The EU on Monday sharply improved its gloomy predictions for the British economy next year, admitting that the Brexit vote would have less impact than earlier thought.

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