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London's City Finance Hub Braces for Possible Brexit

With one month to go before Britain's vital in-out EU referendum, London's City finance district is busily planning ahead for a potential "Brexit".

Big City firms, many of which are housed in skyscrapers that dominate the London skyline, are seeking to protect themselves from market volatility should Britons vote "Leave", experts say.

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Shadow Economy Thrives in Russia's Garages as Crisis Bites

Russia's ubiquitous sheet metal sheds -- where tires are changed, furniture repaired and fish smoked -- have become bustling hubs of a shadow economy essential to the livelihoods of the country's crisis-stricken population.

Built in the 1960s and 1970s close to Soviet-era apartment blocks, the clusters of boxy garages today house much more than cars -- everything from stables and saunas to pharmacies and the odd crayfish farm.

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French Tax Police Raid Google's Paris Offices

French investigators swarmed Google's Paris offices on Tuesday as part of a tax fraud investigation, with the U.S. Internet giant saying it is "cooperating fully" with the probe.

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Libya Says Oil Production up at 300,000 bpd

Crude production in oil-rich but conflict-ridden Libya is now more than 300,000 barrels per day since a new terminal opened in the east, the LANA news agency announced on Tuesday.

It cited a spokesman for the National Oil Corporation (NOC) as saying that with Friday's reopening of Al-Hariga terminal near Tobruk in the east, "production today has passed the 300,000 bpd mark".

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Brazil Government Announces Measures to Tackle Economic Crisis

Brazil's acting president Michel Temer on Tuesday called on Congress to approve reforms that he said are needed to haul the once booming economy from a crippling recession.

Temer, who took power May 12 after the suspension of president Dilma Rousseff pending her impeachment trial, is seeking to cement his authority in the face of multiple challenges on both the economic and political fronts.

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Singapore Kicks out Swiss Bank Linked to Malaysia's 1MDB

Singapore's central bank on Tuesday said it was kicking out Swiss bank BSI, which has been linked to a global money-laundering scandal at Malaysia's state fund 1MDB that has embroiled Prime Minister Najib Razak.

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Eurozone Ministers Seek Debt Deal for Greece

Eurozone finance ministers will on Tuesday push for a deal to unlock bailout cash for Greece and resolve a row with the IMF over debt relief for Athens.

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Chinese Investors to Build Industrial City in Oman

Chinese investors signed a deal Monday with Oman's government to build an industrial city, including an oil refinery, in the southern port town of Duqm, a joint statement said.

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Moscow Returns to Bond Market for First Time since Sanctions

Russia on Monday announced its return to the international bond markets for the first time since the West slapped it with sanctions over its role in the Ukraine conflict.

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GE Announces $1.4 Billion Investments in Saudi Arabia

U.S. industrial conglomerate General Electric said Monday it would invest $1.4 billion in Saudi Arabia in support of the kingdom's recently unveiled plan to diversify the oil-dominated economy.

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