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European Equities Extend Gains as Trade War Fears Ease

European stocks rose Tuesday, with London hitting a record peak on upbeat global sentiment and easing Italian political worries, dealers said.

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China to Cut Auto Tariffs on July 1 as Trade Tensions Ease

China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States.

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Nigeria Economy Grows with Bump in Oil Production

Nigeria's economy grew slower than expected in the first quarter, official statistics showed Monday, with an expansion in oil production offset by a sputtering non-oil sector. 

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UAE Announces Ownership, Visa Reforms to Lure Foreign Investors

The United Arab Emirates has announced plans to allow 100 percent ownership and visa incentives to foreigners, in a bid to attract investors to boost its slowing national economy.

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Asian Markets Rise as China and US Agree to Avert Trade War

Asian and European markets mostly rose Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war.

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Ryanair Profits Up 10% Despite Cancellations Crisis

Irish budget carrier Ryanair said Monday its net profit had risen 10 percent in 2017-2018 despite the cancellation of thousands of flights, but forecast a fall this year due to higher oil prices.  

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S. Korea's LG Group Chairman Dies

The chairman of South Korean conglomerate LG Group has died, company officials said Sunday. He was 73.

Koo Bon-moo is credited with expanding the business empire -- centered around consumer electronics, displays and chemicals -- founded by his grandfather in 1947.

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U.S., China Agree to Abandon Trade War

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

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France Warns Italy against Breaking EU Commitments

The stability of the eurozone will be at stake if a populist new government in Italy fails to keep its financial commitments, French Economy Minister Bruno Le Maire warned Sunday.

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Paris Says U.S.-China Trade Deal May Cost Europe

Europe could end up rueing a potential new deal between China and the United States after the two sides stepped back from a trade war, France's Economy Minister Bruno Le Maire warned Sunday.

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