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UK Warns Won't Accept EU-Ruled 'Level Playing Field'

Britain's trade negotiator warned Monday that his government would not accept EU supervision of its economy in exchange for close trade ties. 

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Syria Govt. Targets Property, Cars to Curb Cash Buys

The government in war-devastated Syria decided Sunday that all property and car sales must be conducted through banks, in an apparent bid to revive the banking sector and fight tax evasion.

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IMF Says Coronavirus Could Damage Global Growth in 2020

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.

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France Warns of Bloody Brexit Talks Battle

France on Sunday warned Britain to expect a bitter, bloody battle in Brexit trade talks with the EU, saying the two sides would "rip each other apart".

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Airbus 'Deeply Regrets' US Tariff Increase

European aerospace giant Airbus said on Saturday it "deeply regrets" Washington's move to increase tariffs on its planes imported into the United States from Europe.

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UK in Talks with Chinese Rail Firm over High-Speed Line

The British government is in "preliminary discussions" with the part state-owned China Railway Construction Corporation (CRCC) to help build the controversial HS2 high-speed link, according to the Department of Transport.

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Blame Game over 830-Million-Euro Settlement in VW's German Diesel Cases

Consumer representatives and car giant Volkswagen each blamed the other Friday for a breakdown in talks over a settlement for 400,000 German customers in the firm's "dieselgate" emissions cheating scandal.

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Global Defense Spending Makes Biggest Jump in 10 Years

Global spending on defense rose by four percent in 2019, the largest growth in 10 years, led by big increases from the U.S. and China, a study said Friday.

Beijing's military modernization program -- which includes developing new hard-to-detect hypersonic missiles -- is alarming Washington and helping drive U.S. defense spending, the International Institute for Strategic Studies (IISS) said.

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Fiscal Stimulus Likely after UK Finance Minister Quits

Finance minister Sajid Javid's resignation on Thursday, just a month before he was to deliver Britain's annual budget statement, took the business community by surprise.

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Huawei Hit with New U.S. Charges of Trade Secrets Theft

Huawei was hit Thursday with new U.S. criminal charges alleging the Chinese tech giant engaged in a "decades-long" effort to steal trade secrets from American companies.

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