Global sales of counterfeit and pirated goods have soared to 460 billion euros ($522 billion) a year, amounting to a whopping 3.3 percent of world trade, according to a report published Monday.
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OPEC nations and allied oil producers met in Azerbaijan on Monday to review a strategy of production cutbacks that has propped up crude prices.
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There is virtually no chance the U.S. Federal Reserve will raise interest rates in the coming week, since policymakers have all but promised to hold their fire as the global economy slows.
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Bent over a barrel, Greek microbrewer Sophocles Panagiotou lovingly draws a measure of his Septem Red Ale into a glass cylinder and expertly transfers it to a glass.
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Some 80 shops and businesses on the Champs-Elysees avenue in Paris were vandalized this weekend when "yellow vest" protesters went on the rampage, with about 20 looted or torched, retailers said on Sunday.
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Germany's two biggest lenders, the ailing Deutsche Bank and Commerzbank, said Sunday they would launch formal talks toward a possible merger that could create a "national champion" in financial services.
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Apple dismissed Friday Spotify's accusations of anti-competitive behavior, saying the Swedish music streaming giant was trying to enjoy the benefits of its online market without paying the cost of its upkeep.
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Stock markets rose Friday after U.S. President Donald Trump struck an upbeat note on trade talks with China, while the pound ended a volatile Brexit-fueled week by rising against the dollar.
Full StoryProduction cutbacks by OPEC nations are building a supply cushion that could be called upon to mitigate a possible supply shock from an abrupt drop in crisis-hit Venezuela's output, the IEA said Friday.
With a nationwide blackout that paralysed the country for one week, demonstrating the unreliability of the country's electricity network, new questions are being raised about Venezuela's ability to continue to produce and export oil.
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Asian markets rose Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit.
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