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ECB Says Eurozone Economy Showing 'More Protracted Weakness'

ECB chief Mario Draghi gave a gloomy assessment of the eurozone economic outlook as the bank slashed growth forecasts for 2019 and 2020, saying that a "more protracted weakness" of the single currency area is expected ahead.

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Trump Criticizes Federal Reserve for Not 'Acting Quickly' as ECB

U.S. President Donald Trump attacked the Federal Reserve again Thursday for not "acting quickly" like its European counterpart to provide stimulus to the U.S. economy.

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Saudi Raps Oil Producers over Flouting of Output Cuts

OPEC kingpin Saudi Arabia on Thursday led calls for oil producers to comply with output cuts aimed at stabilising a slumping oil market, as a gloomy new forecast blamed US-China trade tensions for depressed demand.

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OPEC Urges Further Production Restraint

The OPEC oil cartel urged continued production restraint Wednesday, saying output gains are still expected to outpace growth in demand for oil.

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China to Exempt 16 Categories of US Products from Tariffs

China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month.

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The Challenges Brexit Poses to Britain's Economy

British unemployment has hit a 45-year low, official data showed Tuesday, but the economy still risks falling into a deep recession due to the turmoil created by Brexit.

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World Bank's Georgieva Poised to Become 2nd Female IMF Chief

A top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced Monday.

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New Saudi Oil Minister Endorses Production Cuts

Saudi Arabia's new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing nations prepare to deliberate fresh cuts.

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British Airways Says almost All UK Flights Cancelled over Strike

British Airways said Monday it has been forced to cancel almost all its flights from UK airports on the first day of a strike by pilots.

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Asian Markets Start on Upbeat Note after China Easing Move

Most Asian markets started Monday on a positive note to build on last week's gains after China unveiled fresh stimulus measures and below-par US jobs data reinforced expectations the Federal Reserve will cut interest rates this month.

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