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Facebook Firm in Its Quest to Launch Libra Cryptocurrency

Facebook chief executive Mark Zuckerberg on Wednesday reaffirmed his commitment to the social network's quest to launch Libra cryptocurrency despite pushback from governments and critics.

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U.S., China to Resume Trade Talks Next Week

U.S. and Chinese officials will resume negotiations next week in an effort to resolve the year-long trade dispute between the world's top two economies, US Treasury Secretary Steven Mnuchin said Wednesday.

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British PM Johnson Names Sajid Javid as Finance Minister

British Prime Minister Boris Johnson named former interior minister Sajid Javid to take over from Philip Hammond as finance minister in his first cabinet appointment, the government said in a statement on Wednesday.

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Boeing Could 'Temporarily' Halt MAX Production if Grounding Extended

Boeing could further scale back output on the 737 MAX or even "temporarily" halt production if the grounding is extended much beyond current expectations, the company's chief executive said Wednesday.

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Sterling Rises before Johnson Takes Office; European Markets Sag

The British pound rose Wednesday before arch-Brexiteer Boris Johnson's took over as prime minister, while European stocks mostly fell on the weak mining sector.

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British Pound Recovers on Boris Johnson Victory

The pound erased its morning losses Tuesday after arch-Brexiteer Boris Johnson won the race to become Britain's next prime minister.

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Madrid Court Rules Deliveroo Riders are Employees

A court has ruled food delivery group Deliveroo wrongly hired over 500 riders in Madrid as self-employed contractors, avoiding paying 1.2 million euros to Spain's social security system, it said Tuesday.

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Eurozone Banks Tightening Credit Taps, Says ECB

Eurozone banks are tightening the criteria firms and households must meet to be granted loans, the European Central Bank said Tuesday, as policymakers weigh their response to stuttering growth.

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Asian Markets Rise as Earnings, Trade Hopes Provide Cheer

Asian markets rose Tuesday, tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon.

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Libya Resumes Oil Output at Largest Field after 'Sabotage'

Libya announced the resumption of production Monday at its largest oil field and the loading of crude at a shipping terminal, following a three-day suspension due to "sabotage" of a pipeline.

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