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EU Turns Page on Brexit and Moves on to Trade Talks

A resolute European Union sought Friday to turn the page on Brexit and move on to negotiating a looser, less favorable trading relationship with its departing British partner.

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OECD Says Italy Must Strengthen Its Capital Markets

Italy must improve its capital markets to help underperforming companies access funding for investment and growth, while giving investors means for more diversified savings portfolios, the OECD said on Friday.

In a review of the capital markets of the eurozone's third-largest economy, the Organisation for Economic Co-operation and Development said Italian companies were deprived of needed funding for long-term projects and planning, and would not be able to grow to fend off global competition without stronger capital markets. 

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As Syria Currency Crisis Bites, Every Penny Counts

As Syrians feel the sting of a nosediving currency, local businesses have launched a campaign to sell goods symbolically priced at a single pound to counter a deepening economic crisis.

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UK Economy Seeks to Balance Brexit with Global Strains

Britain's economy, lifted by the country's post-election political stability, risks fresh turbulence as Prime Minister Boris Johnson seeks tricky Brexit trade deals amid global threats that include the coronavirus.

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Asian Markets Fall on Fears over Economic Impact of Virus

Asian markets fell Thursday with investors concerned about the economic impact from the spread of the new coronavirus as China reported more than 1,700 new infections.

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Virus Crisis Adds Pressure on Slowing Chinese Economy

Cinemas empty, high-speed train trips cancelled, tourist sites closed, an entire province shut down: The extraordinary measures taken by China to contain a deadly coronavirus threaten to dent an already fragile economy.

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Ikea Says to Close Half Its Stores in China over Virus Outbreak

Swedish furniture giant Ikea said Wednesday it had temporarily closed half of its 30 stores in mainland China until further notice amid concerns over the deadly new coronavirus.

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Wall Street Gains at Open as Strong Earnings Outweigh Virus

U.S. stocks continued to march higher at the open Wednesday, as positive news from major companies outweighed concerns about the spreading virus in China.

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Boeing CEO Says 'Confident' China Can Contain Virus

Boeing CEO David Calhoun said on Wednesday he was "confident" China could contain a viral outbreak that has prompted airlines to cancel flights and governments to warn against travel to the country.

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Vodafone Sells Egypt Stake to Saudi Group for $2.4bn

British telecoms group Vodafone said  Wednesday it had agreed to sell its majority stake in its Egyptian unit to Saudi Telecom Company for $2.4 billion (2.2 billion euros).

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