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Turkish Economic Growth Beats Expectations as Vote Looms

Turkey's economy grew by a higher-than-expected 7.4 percent in the first three months of 2018 compared to the same period last year, official statistics showed on Monday.

The figure, released just two weeks ahead of a national election, beat the consensus market forecast of 7.0 percent growth.

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Morocco, Nigeria Agree to Press on With Pipeline Plan

Morocco and Nigeria have agreed a cooperation plan to press on with a proposed pipeline transporting gas to the North African kingdom along the Atlantic coast. 

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Saudi Arabia, UAE, Kuwait Offer $2.5 bn in Aid to Crisis-Hit Jordan

Saudi Arabia, the United Arab Emirates and Kuwait have offered $2.5 billion in aid for Jordan to ease its economic crisis following a wave of anti-austerity protests, the Saudi state media announced early Monday.

Jordan has been rocked in recent days by mass protests against price rises and a proposed tax hike as the government pushes measures to slash the country's debt, leading to the prime minister's resignation.

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Asian Traders Cautious after G7 Debacle, Eyes on Trump-Kim Summit

Asian markets fluctuated Monday after the Group of Seven meeting ended with deep divisions between the US and its allies, while investors are looking ahead to Donald Trump's summit with North Korean leader Kim Jong Un.

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Trump Trade Fury Torpedoes Canada's G7 Summit

The G7 summit ended in farce and a renewed threat of global trade war as U.S. President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the Canadian host.

Just minutes after a joint communique Saturday that had been approved by the leaders of the Group of Seven allies was published in Canada's summit host city Quebec, Trump launched a Twitter broadside from aboard Air Force One.

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France and Germany Push for Compromise on Eurozone Reform

France and Germany are "determined" to reach a compromise on President Emmanuel Macron's proposals for a shake-up of the eurozone, a French government source told AFP Sunday after marathon talks between the two countries.

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EU Pledges 20 Million Euros to Ease Jordan's Economic Woes

European Union foreign policy chief Federica Mogherini announced Sunday 20 million euros ($23.5 million) in aid for Jordan following a wave of anti-austerity protests that led to the prime minister's resignation.

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U.S. Stocks Dip as Trade Tensions Surround G7

Wall Street stocks dipped early Friday ahead of a Group of Seven summit expected to highlight the growing gulf between the United States and other major powers on trade.

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Turkey Hikes Interest Rate Again as Vote Looms

The Turkish central bank on Thursday hiked interest rates for the second time in two weeks, prompting the lira to rally strongly with elections on the horizon.

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May Finds Cabinet Compromise with Brexit Fall-Back Plan

Prime Minister Theresa May revealed plans Thursday for Britain to temporarily align with EU customs rules after Brexit as a fall-back option to resolve the Irish border problem, while also in a compromise with euroskeptic ministers setting a limit to 2021.

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