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World Unprepared for Next Financial Crisis, Says ex-IMF Chief

The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF).

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Greece's Tsipras to Chart Post-Bailout Strategy in Keynote Speech

Greek Prime Minister Alexis Tsipras is to unveil his government's post-bailout economic strategy in a keynote speech on Saturday amid protests against a controversial planned name deal with neighbouring Macedonia.

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Alibaba Co-Founder Jack Ma to Retire

The New York Times is reporting that Jack Ma, the co-founder and executive chairman of Chinese e-commerce behemoth Alibaba Group, is retiring.

The Times said that in an interview, Ma said he planned to step down as executive chairman on Monday to pursue philanthropy in education. He will remain on Alibaba's board of directors.

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Global Stock Markets Stumble on China Tariff Fears

World equities stumbled Friday as investors feared that the United States will ramp up its trade war with China by imposing fresh tariffs, dealers said.

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Italian Architect Renzo Piano Presents Genoa Bridge Plan

World-famous Italian architect Renzo Piano on Friday presented his plan for a replacement for the motorway bridge outside Genoa that partly collapsed in August, killing 43 people.

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U.S. Workers See Big Wage Gains in August as Employment Jumps

American workers saw the biggest bump in pay in nearly a decade last month amid a surprise late-summer hiring spree that offered no sign jobs markets could be cooling, the government reported Friday.

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Canada Upbeat on Trade Deal Progress, China Tariffs Loom

Talks between the United States and Canada will continue Friday after the two sides made "good progress" in their effort to rewrite NAFTA, as Washington was poised for a possible escalation in its trade war with China.

Discussions with Canada -- the largest US trading partner -- seem to be on track to agree on a rewrite of the 25-year-old North American Free Trade Agreement. Washington has already reached a new deal with Mexico.

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Britain and EU Face Trade Differences in Brexit Talks

Britain's Brexit negotiator met his EU counterpart on Thursday as Brussels and London scramble to reconcile divorce demands ahead of next month's summit deadline.

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UK Unveils Energy Price Cap to Help 11 Million Households

Britain's energy watchdog on Thursday proposed a temporary price cap on gas and electricity that could benefit 11 million households, notably the most vulnerable exposed to excessive cost hikes.

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U.S. Hiring Drops Off in August

Hiring by U.S. companies slowed sharply in August dropping far more than economists expected, with moderation in manufacturing and services, payrolls firm ADP said Wednesday.

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