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Easy Money: Russians Trapped by Weight of Consumer Loans

She took out an 80,000-ruble ($1,300) loan when she wanted to go to Israel on holiday with her husband and 10-year-old son in August. 

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Eurozone Economy Stuck in 'Malaise', Says Survey

The eurozone's economy remained at a near standstill in December, extending the worst quarterly performance since 2013, said a closely watched survey by the company IHS Markit.

"The eurozone economy closes out 2019 mired in its worst spell since 2013, with businesses struggling against the headwinds of near-stagnant demand and gloomy prospects for the year ahead," said Chris Williamson, the firm's chief business economist.

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Israel Eyes Dubai Expo as 'Portal' to Arab World

With the world's largest trade fair opening in an Arab country for the first time next year, Israel is stepping up preparations, hoping to boost nascent ties with regional neighbors.

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U.S., China Mini-Deal Offers 'Breathing Space' for Chinese Economy

A truce in the U.S.-China trade war offers Xi Jinping breathing space as he faces a slowing economy and political trouble in Hong Kong, but experts warn 2020 will be another tough year for the Chinese president.

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U.S., China Close to Trade War Deal

The United States and China appeared close Friday to a "phase one" deal to de-escalate a trade war that has caused tensions between the superpowers and threatened to wobble the global economy.

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Stocks Surge on Johnson Election Triumph, U.S. Trade Deal Reports

London stocks and the British pound jumped Friday after an election triumph for Conservative Prime Minister Boris Johnson that analysts said will bring clarity to Brexit proceedings and unlock stronger economic growth.

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China Says Trade Deal with U.S. Must Be 'Mutually Beneficial'

Expectations for a U.S.-Chinese trade truce rose Friday, though Beijing accused Washington of unfairly attacking its economy and said a settlement to their costly, 17-month-old conflict must be "mutually beneficial."

A senior Trump administration official said an announcement regarding China would take place Friday. The official spoke on condition of anonymity to discuss internal planning.

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UK Markets Rebound on Johnson Election Landslide

A crushing election victory for Britain's Conservative Prime Minister Boris Johnson sent delight through UK markets on Friday, with the pound the prime beneficiary.

London's FTSE 100 index rallied 0.9 percent to 7,335.23 points in early morning deals as investors gave their verdict, reversing initial opening losses.

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Trump Says on Verge of China Trade Deal

President Donald Trump tweeted Thursday that the United States is on the verge of easing the China trade war, days before new tariffs are due to kick in between the world's two largest economies.

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Sterling Slips as Britons Head to Polls

The British pound dipped Thursday as Britons voted in a vital general election that seeks to determine the future of Brexit.

Eurozone stock markets meanwhile edged higher as dealers awaited the latest interest rate decision from the European Central Bank (ECB) at 1245 GMT.

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