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Central Bank: Greece will Likely Exit Euro and EU without Bailout Deal

The Greek central bank warned Wednesday that the country could crash out of the eurozone and even the European Union if it fails to reach a bailout deal with international creditors.

"Failure to reach an agreement would... mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country's exit from the euro area and -– most likely -– from the European Union."

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Goldman Sachs Plans Digital Lending for Consumers

Goldman Sachs intends to launch a digital banking division to lend to small businesses and consumers, broadening its clientele from its blue-chip base.

The move reflects the 146-year-old Wall Street giant's belief that new technology allows it to increase its lending pool without being weighed down with branches and other traditional costs associated with lending to smaller parties.

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Embattled Greek PM Seeks to Shore up Domestic Support

Greek Prime Minister Alexis Tsipras sought Tuesday to muster domestic support for his government in its tug-of-war with EU-IMF creditors over a deal to save Greece from default.

Tsipras was meeting with a top conservative politician and the leaders of the socialist and pro-EU parties as Greece came under pressure to compromise with no new proposals in the offing.

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Toyota Wins Controversial Investor Vote on New Shares

Toyota won approval Tuesday for a controversial new stock sale that it defended as a way to lure stable, long-term investors, overcoming stiff opposition from some institutional shareholders overseas.

The world's biggest automaker said 75 percent of shareholders voted in favor of the plan that would see it sell up to 50 million of the new shares, which must be held for five years and would not be publicly traded.

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Survey: China Has Four Million Millionaires

China had four million millionaire households in 2014, the second-highest in the world after the United States, as the country's stock market boom boosted private wealth, an independent survey showed Tuesday.

One million new millionaires were created in the country last year, the highest increase among all nations, U.S.-based research firm Boston Consulting Group (BCG) said in a report.

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Israel Allows 70 Hebron Shops to Reopen after 15 Years

Israel has approved the reopening of around 70 Palestinian shops which it closed 15 years ago in the flashpoint West Bank city of Hebron, its mayor announced on Monday.

"The Israeli army's leadership allowed the reopening of stores on Sahla Street, which runs from the area near the Ibrahimi mosque" through Hebron's old town, Dawud al-Zaatari told journalists.

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Hollande Urges Restart of Greece Talks 'as Quickly as Possible'

French President Francois Hollande on Monday urged a quick restart of talks to save Greece from financial disaster after negotiations in Brussels collapsed at the weekend.

"We now have extremely tight deadlines. We are getting into a period which could be turbulent if no agreement is found. This message is for Greece. It should not wait and should restart discussions with the institutions," Hollande told reporters.

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Saudi Arabian Airlines Orders 50 Airbus Worth $8Bn

Saudi Arabian Airlines has ordered 50 passenger planes from Airbus with a total catalogue value of some $8.0 billion (7.1 billion euros), the aviation giant announced Monday at the Paris Air Show.

The order consists of 20 Airbus A330-300 Regionals and 30 A320ceos, Airbus said, adding that the Saudi flagship airline would be the first to fly the Regionals.

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Saudi Stock Market Opens to Foreigners

Saudi Arabia's stock market allowed foreign investors to trade shares for the first time Monday, further opening up the conservative Islamic kingdom and oil powerhouse to the global economy.

But analysts did not expect a sudden rush of funds after the Tadawul All-Shares Index, the Arab world's largest exchange, began trading under the new rules at 0800 GMT.

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Honda Reports Another Death in Exploding Airbag Crisis

Japanese automaker Honda has reported a new death linked to an exploding air bag crisis -- bringing the global total to seven fatalities and scores more injuries -- which sparked the recall of millions of vehicles.

The company on Monday confirmed that a woman in Louisiana died in April after the faulty inflator in her 2005 Honda Civic's airbag ruptured, firing metal shrapnel at her.

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