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IMF Chief Warns of High Arab Public Debt

Public debt has rapidly increased in many Arab countries since the 2008 global financial crisis, due to persistently high budget deficits, the International Monetary Fund warned Saturday.

"Unfortunately, the region has yet to fully recover from the global financial crisis and other big economic dislocations over the past decade," IMF Managing Director Christine Lagarde said.

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Amazon Paves Way for Thousands of Items to Return to India Site

Amazon has struck a deal that will allow hundreds of thousands of products forced offline because of new e-commerce rules to return to its Indian site, a source said Friday.

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EU Adopts French-German Compromise on Russia Gas Pipeline

European Union ambassadors adopted a French-German compromise on Friday allowing Berlin to remain the lead negotiator with Russia on the Nord Stream 2 gas pipeline to Europe, diplomats said.

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France, Germany Compromise on Russia's Nord Stream II Gas Pipeline

France and Germany have struck a compromise allowing Berlin to remain the lead negotiator with Russia on the Nord Stream II gas pipeline to Europe, a proposed deal showed Friday.

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Oil Workers Flee Venezuela's Crisis for a Better Life

Nieves Ribullen, a Venezuelan oil worker sick of struggling to get by as his country falls apart, is betting it all on far-away Iraq's Kurdish region to give his family a better life.

Over the years he's watched dozens of co-workers abandon poverty wages and dangerous working conditions at the rundown complex of refineries in Punto Fijo on Venezuela's Caribbean coast for jobs in far-flung places like Kuwait, Angola and Chile.

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Ghosn under Scrutiny over 50,000-Euro Wedding Bill

French carmaker Renault said Thursday that it would inform investigators about a transaction it uncovered involving its former boss Carlos Ghosn and the Palace of Versailles, where the auto executive held an extravagant wedding in 2016.

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Qantas Confirms Cancellation of Airbus Order

Australian flag carrier Qantas on Thursday confirmed it would not take up eight Airbus A380s already ordered -- the latest blow for the European airspace firm.

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Germany, France to Seek Changes to EU Competition Law after Rail Flop

Paris and Berlin will jointly propose changes to EU competition rules to respond to growing rivalry from global giants, German Economy Minister Peter Altmaier said Wednesday after Brussels vetoed plans to create a Siemens-Alstom rail behemoth.

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U.S., China Committed to Reaching Trade Deal by Deadline, Says Mnuchin

Both sides in the U.S.-China trade negotiations are making a "big commitment" to reach an agreement by the March 1 deadline, U.S. Treasury Secretary Steven Mnuchin said Wednesday.

President Donald Trump and Chinese leader Xi Jinping agreed to a 90-day truce in the ongoing trade war, but US tariffs on $200 billion in Chinese imports are due to more than double to 25 percent if no deal is reached.

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Money Laundering Scandal Leaves Stain on ING Results

Dutch bank ING posted Wednesday a slight fall in profits for 2018 following a multi-million-euro settlement with Netherlands authorities in a money laundering investigation.

Earnings fell by 4.1 percent to 4.7 billion euros ($5.4 billion) last year despite growth in its client base, the Amsterdam-based lender said in a statement.

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