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Syrian Stock Market Halts Trading for Assad Cousin's Company

Syria's stock market on Tuesday suspended trading for the largest cellular company in the country, owned by a cousin of the president and one of Syria's richest businessmen.

The decision by the Syrian Commission of Financial Markets and Securities marked another development in a deepening financial dispute within the Assad family, which has ruled Syria for five decades. The company, Syriatel, is one of the country's largest employers, with thousands of staff and 11 million subscribers.

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Athens Rejects 'Illegal' Turkey Drilling Plan

Greeve on Monday attacked Turkey's plan to carry out oil drilling in the eastern Mediterranean, describing it as "a new provocation."

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Greek Hoteliers Reopen, Anxious for Bookings

Greek hotel owners reopened Monday after a 10-week coronavirus-imposed shutdown, relieved to be back in business but anxious about how quickly customers will return.

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Lufthansa Supervisory Board Approves German Bailout Plan

Coronavirus-hit Lufthansa inched closer to securing a nine-billion-euro bailout from the German government after the airline's supervisory board approved a rescue plan on Monday.

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Few Tourists -- but No Gladiators -- at Rome's Colosseum

Rome's famed Colosseum reopened Monday after a three-month coronavirus lockdown but only a few hundred people were expected at Italy's top tourism site.

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U.S. Stocks Dip as Market Digests Protests, Reopenings

Wall Street stocks dipped in early trading Monday as markets digested a weekend of civil rights protest across the US as the country reopened from coronavirus shutdowns.

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Stocks Rally despite Global Tensions

Asian and European stocks mainly rallied Monday as investors shrugged off violent anti-racism protests in the United States, and simmering tensions with China over Hong Kong.

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Virus-Battered Italy Faces Worst Recession since WWII

Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy's economy hard.

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Canada's Economy Shrank 8.2% in Q1

Canada's economy shrank at an annual rate of 8.2 percent in the first quarter as consumers stopped spending and business ground to a halt because of the coronavirus pandemic, the government reported Friday.

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Brazil Loses 5 Million Jobs as Pandemic Slams Economy

Brazil shed five million jobs in the first quarter as Latin America's biggest economy felt the first effects of the economic shock caused by the coronavirus pandemic, figures showed Thursday.

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