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Australia Invests in $1.6 Billion South Pacific Telco Deal

Australian telco Telstra has partnered with the Australian government in a $1.6 billion deal to buy the South Pacific operations of Digicel in a deal that would prevent a key part of the region's telecommunications infrastructure falling into Chinese hands.

Telstra, the nation's largest telco, said in a statement on Monday it would contribute $270 million to the deal and hold 100% of the equity in Digicel Pacific.

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Toyota Testing Hydrogen Combustion Engines in Race Cars

Toyota said Monday it is testing hydrogen combustion engines in race cars as it works toward using the technology in commercial products.

Such engines burn hydrogen as fuel instead of gasoline, much like rockets. The Japanese automaker said testing the technology in race cars will allow it to collect data and try to fix problems on-site.

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Beleaguered Haiti Capital Brought to Brink by Fuel Shortages

Haiti's capital has been brought to the brink of exhaustion by fuel shortages, after staggering along despite an earthquake, the assassination of the president, gang violence and mass kidnappings.

More than two weeks of fuel deliveries interrupted by gang blockades and abductions of fuel truck drivers have driven residents of Port-au-Prince to a desperate search for gasoline and diesel. The fuels are widely used to run generators needed to compensate for the country's unreliable electrical system.

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Nigeria to Launch eNaira Digital Currency

Nigeria's President Muhammadu Buhari will officially launch the country's eNaira digital currency on Monday, the central bank said, a first in Africa.

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New Allegations in Credit Suisse Spying Scandal

Fresh allegations over a major spying scandal that cost the head of Credit Suisse his job emerged on Sunday as Swiss media reported another alleged spying case.

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Taliban Offer Jobs for Wheat to Tackle Hunger and Unemployment

Afghanistan's Taliban government launched a program to tackle hunger on Sunday, offering thousands of people wheat in exchange for labor. 

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Under Israel's Blockade, Gaza Fishermen Struggle for a Catch

Crashing through the Mediterranean waves at sunset, Palestinian fisherman Mohammed al-Nahal leads a convoy of rickety boats out for another risky night under the Israeli blockade of the Gaza Strip.

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Report: Foreign Aid Lost in Syria Exchange Rate Distortions

Syrian President Bashar Assad's government benefited from variations in foreign currency exchange rates, boosting state coffers with at least $100 million in international aid money over the last two years, according to new research.

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Shea Inaugurates Pop Up Space Training Program in Sidon

U.S. Ambassador to Lebanon Dorothy Shea on Friday attended the inauguration of the Pop-Up Spaces program in Sidon.

"This one year-long program, which is implemented by Tatweer Baladna, will empower youth and young professionals in South Lebanon, North Lebanon, and the Bekaa through civic education and social entrepreneurship training and hands-on activities," the U.S. Embassy said in a statement.

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Snap's Stock Drops as iPhone Privacy Controls Pinch Ad Sales

Snapchat's corporate parent disclosed Thursday that its ad sales are being hurt by a privacy crackdown that rolled out on Apple's iPhones earlier this year, raising investor fears that the app's financial growth is going into a tailspin.

The revelation in Snap Inc.'s third-quarter earnings report sparked a sell-off in after-hours trading that could foreshadow one of the biggest one-day drops in the company's stock since it went public in 2017.

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