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German Industrial Orders Bounce Back in August

New orders for German industrial firms booked a strong rebound in August from a slip in July, official data showed Friday, brightening the outlook for the second half of the year.

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EgyptAir Stands by 'Surreal' Drew Barrymore Interview

EgyptAir stood by its story Thursday after U.S. actress Drew Barrymore's spokesperson denied she took part in an interview with the airline's in-flight magazine that went viral over its bizarre content.

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IMF Chief Urges 'Revamp' of Japan Economic Policy

The head of the IMF Thursday called for an overhaul of Japan's economic policy, as the world's third-biggest economy battles stubborn low inflation, sluggish growth and a rapidly aging population.

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Danske Bank Says U.S. Probing Money Laundering Claims

Danske Bank said Thursday it was being investigated by the U.S. Department of Justice over possible money laundering related to more than $200 billion transferred through the Danish lender's Estonian branch. 

Denmark's largest lender is at the center of a storm of controversy and several inquiries after it said "a large part" of transactions totaling 200 billion euros ($235 billion) at its Estonian branch between 2007 and 2015 were "suspicious."

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What Keeps U.S. Federal Reserve Chief Up at Night? Everything

Is inflation about to rise? Are interest rates too high? Or too low? Are economic risks lurking? These are the fears that keep U.S. Federal Reserve Chairman Jerome Powell from getting a good night's sleep.

While he was generally upbeat about the U.S. economy, predicting that the good news could continue "effectively indefinitely," when asked what keeps him up at night, Powell said, "Basically everything."

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France Unveils Draft Law for No-Deal Brexit

France's government unveiled draft legislation Wednesday setting out preparations for a possible no-deal Brexit, with authorities already recruiting customs officers to secure the border along the English Channel.

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Turkey Annual Inflation Hits 24.5% in September

The annual inflation rate in Turkey rose to nearly 25 percent in September, official statistics showed on Wednesday, as the Turkish lira remains weak against the US dollar despite a sharp interest rate hike last month.

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Italy to Bow to Brussels, Cut Deficit Targets

Italy's populist government will bow to pressure from Brussels and reduce its budget deficit targets for 2020 and 2021 in a bid to reassure skittish markets, two Italian dailies reported Wednesday.

After declaring last week it was setting the public deficit at around 2.4 percent of gross domestic product (GDP) for the next three years, Rome now plans to reduce the targeted gap to 2.2 percent in 2020 and 2.0 percent in 2021, the Corriere della Sera and Repubblica dailies said.

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Amid Trade Spat, US-China Military Tensions Soar

The bitter trade dispute between China and the US is increasingly spilling into the military domain, with a risky incident in the South China Sea highlighting the dangers of souring relations.

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EU Vows Laundering Crackdown after Danske Scandal

EU finance ministers on Tuesday vowed to crack down on money laundering in the wake of a $235 billion Danske bank scandal that shone a negative light on supervision standards in Europe.

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