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U.N., Italy Embassy Launch Project for 'Promoting National, Local Urban Systems Approaches'

The United Nations Program for Human Settlements (U.N.-Habitat) and the Italian Government represented by the Embassy of Italy in Beirut have hosted a launching event of the Project entitled “Promoting national and local urban systems approaches”, U.N.-Habitat Lebanon said on Wednesday.

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Germany's Merkel 'Not Happy' Pacific Trade Pact in Danger

German Chancellor Angela Merkel said Wednesday she's not happy about the possible demise of the Trans-Pacific Partnership trade agreement, which President-elect Donald Trump wants to pull the U.S. out of. She argued that alternative pacts will be a poor substitute.

Merkel didn't mention Trump directly in a speech to the German Parliament in which she called for nations to take a multilateral approach to solving global problems, but made plain her unease at his approach to major trade pacts.

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Most Asia Markets Extend Gains after Wall St Surge

Most Asian markets rose again Wednesday, tracking a record close on Wall Street, while the dollar held onto its gains against the yen on expectations of a US interest rate rise.

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'Money Mules' Arrested in Europe-Wide Laundering Sting

European and U.S. law officials arrested at least 178 people in an international swoop against so-called "money mules" who helped launder millions of dollars, EU agencies announced Tuesday.

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Vietnam Scraps Huge Nuclear Power Plant Projects

Power-hungry Vietnam scrapped plans for two multi-billion dollar nuclear power plants on Tuesday, citing environmental and financial reasons after the cost of the projects skyrocketed. 

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Dow Jumps above 19,000, Extending Post-Election Rally

The Dow jumped above 19,000 in opening trade Tuesday for the first time as U.S. stocks continued to rally after Republicans swept the November 8 presidential and congressional elections.

The Dow got as high as 19,007.81 shortly after the opening bell. All three major U.S. stock indices closed at records Monday in anticipation of pro-growth policies under President-elect Donald Trump and congressional Republicans.

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Fitch Sees 'Weak' Q4 as India Cash Crunch Bites

Ratings agency Fitch said Tuesday it would revise down its India growth forecasts for the fourth quarter of 2016 after the country's shock move to pull most of its currency out of circulation.

Fitch Ratings said the move, aimed at forcing Indians to declare their untaxed money, had created a cash crunch that "seems to be holding back economic activity", with consumers unable to make purchases, supply chains disrupted and farmers unable to buy seeds.

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Britain Braces for First Budget since Brexit Vote

Britain on Wednesday delivers its first budget since the Brexit referendum, with economists expecting a slight shift away from years of austerity as the nation readies its EU exit strategy.

The Conservative government's finance minister Philip Hammond will deliver his so-called Autumn Statement before parliament around 1230 GMT Wednesday -- exactly five months after the Brexit vote.

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U.S. Stocks Higher as Markets Await Trump Appointments

U.S. stocks were trading higher early Monday at the start of a shortened holiday week, as investors await news on key appointments from the incoming presidential administration.

A half-hour into trading session, the blue-chip Dow Jones Industrial Average was 0.3 percent higher at 18,922.86. The broader S&P 500 rose 0.5 percent to 2,192.87 and the Nasdaq gained 0.7 percent to 5,359.42.

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PM May Seeks to Soothe Brexit Fears at Business Summit

Prime Minister Theresa May sought to reassure business leaders nervous about the "cliff-edge scenario" of Britain leaving the EU on Monday, as she announced a boost in research investment.

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