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U.S. Services Activity Hits All-Time High in March

Activity in the U.S. services sector hit an all-time high in March as more corners of the economy saw a sudden uptick after months of coronavirus restrictions, a report said Monday.

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LG to Close Down Smartphone Business

LG Electronics, South Korea's second-largest appliance firm after Samsung, is closing down its mobile phone business, the company said Monday, after the division lost billions in recent years.

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Asian Markets Rally after Wall St Record

Tokyo's Nikkei led a rally in holiday-thinned trade in Asia on Friday following a record-breaking day on Wall Street with investors buoyed by Joe Biden's huge new infrastructure spending plan and growing optimism over the economic recovery.

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Aoun Meets Iraqi Minister, Lauds 'Oil-for-Medical Services' Deal

President Michel Aoun on Thursday met in Baabda with a visiting Iraqi delegation led by Health and Environment Minister Hassan al-Tamimi.

“We appreciate Iraq’s approval of Lebanon’s request to be supplied with raw oil in return for medical services,” Aoun said during the meeting.

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China Factory Activity Rises but Analysts Warn of 'Fragile Recovery'

Factory activity in China picked up in March, official data showed, as the country's economic recovery broadened after the Lunar New Year holiday.

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VW Says Regrets Name-Change Prank after Outcry

German car giant Volkswagen voiced regret Wednesday over a publicity stunt that duped major media outlets and was criticized by AFP as a "breach of trust".

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WTO Says 2021 Global Trade Recovery Rests on Vaccines

Global trade is set to grow by eight percent in 2021, the World Trade Organization said Wednesday, stressing that the route out of the Covid-19 crisis rested on the rapid rollout of vaccines.

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Traditional Manousheh Leaves Tables in Poverty-Hit Lebanon

Scattering spinach and hot chili onto fluffy flatbread in Lebanon's capital, 54-year-old Abu Shadi bemoans better times before the economic crisis when all Lebanese could afford his simple meals.

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Saudi Plans Economic Overhaul with $3.2 Trillion Investment

Saudi Arabia announced plans Tuesday to pump investments worth $3.2 trillion into the national economy by 2030, roping in the oil-reliant kingdom's biggest companies in a major new economic diversification push.

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One Virus, One Stuck Ship Spark Global Trade Rethink

A virus visible through only the most powerful microscopes and a huge container ship stuck in the Suez canal visible from space highlight how fragile the "just-in-time" global trade system can be.

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