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Ghosn Says Arrest was Result of 'Plot and Treason'

Detained auto tycoon Carlos Ghosn believes his arrest and the charges against him are the result of a "plot and treason" at his former employer Nissan, he told the Nikkei newspaper Wednesday.

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U.S., China Resume Trade Talks with a Chill in the Air

Top U.S. and Chinese trade officials returned to the bargaining table Wednesday, working to avoid a sharp escalation in the trade war between the world's two largest economies.

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French 2018 Growth Slows to 1.5%, Hit by 'Yellow Vest' Protests

French economic growth slowed to 1.5 percent last year from 2.3 percent in 2017, hit by weaker consumer demand amid the turmoil of end-year "yellow vest" protests, official figures showed Wednesday.

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Pound Inches Up after Brexit Drop, Eyes on Fed and Trade Talks

The pound ticked up slightly in Asia on Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while regional equities were mixed ahead of crunch trade talks between China and the United States.

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Three Banks Merge to Form Third Largest UAE Lender

Three banks based in the UAE capital Abu Dhabi Tuesday announced they have agreed to merge to form the Emirates' third largest lender.

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UAE Files WTO Complaint over Qatar Goods Ban

The United Arab Emirates said Tuesday it had filed a complaint to the World Trade Organization after Qatar banned UAE goods, the latest escalation in hostilities between the Gulf neighbors.

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Spain's Jobless Queue Shortens in 2018

Spain's unemployment rate dropped in 2018 as the country's services sector, which includes all-important tourism, generated more jobs, official figures showed Tuesday.

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U.S. Goes after Venezuela's Oil to Hit Maduro

The United States announced sanctions against Venezuela's state oil company Monday in a coordinated effort with the main opposition leader to cripple embattled President Nicolas Maduro's power base.

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Saudi Hopes to Attract over $425 Billion in Investments

Saudi Arabia on Monday launched an ambitious program which it hopes will attract $427 billion in investments in the industry and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil.

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U.S. Shutdown Subtracted $11 Billion from GDP, Congressional Report Says

The five-week U.S. government shutdown subtracted a total of $11 billion from GDP, about twice the amount President Donald Trump had sought in funding for a border wall, a congressional body said Monday.

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