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Counterfeit and Pirated Goods Represent 3.3% of Global Trade

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 and Allies Meet to Review Oil Production Cuts

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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Fed to Hold Fire on Interest Rates as World Economy Slows

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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Bucking the Crisis, Greek Microbreweries Bubble to the Fore

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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Traders Say 80 Businesses Hit in 'Yellow Vest' Rampage

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 Top Banks Launch Merger Talks to Create National 'Champion'

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 Disputes Spotify Anti-Competitive Claims

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 Climb on Trade Talks Optimism

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.

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World Can Rely on OPEC Supply Cushion for Urgent Oil Needs, IEA Says

Production 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 Rally as Trump Signals Trade Talks Optimism

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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