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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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U.S. Data Better, but Fed Likely to Hold Off on Rate Rise

Evidence is piling up that the U.S. economy is rebounding from the past few months' stall, with consumers spending more, a rebound in job creation, and wages beginning to rise.

But analysts believe the Federal Reserve will want to see more when it meets in the coming week to again weigh hiking interest rates.

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Ghost Villages Haunt Slovakia's Economic Success

Slovakia has been a star performer in Central Europe with a boom in car manufacturing driving brisk economic growth, but ghost villages haunt the countryside as people leave in search of jobs.

A white church has watched over Harakovce since villagers erected it in the century after the Black Death swept across Europe.

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PM: Iraq Oil Revenues Fall Short of Budget Projections

Iraq's oil revenues are even lower than projected in the country's already austere 2015 budget, Prime Minister Haider al-Abadi said Saturday, spelling more financial trouble for cash-strapped Baghdad.

"So far, our oil revenues are below what was passed in the budget," Abadi said in televised remarks, without providing exact figures on the shortfall.

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Greece's PM Warns of 'Difficult Compromise' after Default Threat

Greek premier Alexis Tsipras warned that Greece must be ready for a "difficult compromise" in its talks with creditors as his closest advisers arrived in Brussels on Saturday to thrash out a last-minute deal.

Cash-starved Greece is under huge pressure to strike an agreement to unlock vital bailout funds in the coming days, if not hours, after top eurozone officials turned the screws Friday and said they were preparing the ground for an Athens default.

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Egypt to Inaugurate Suez Canal Expansion August 6

Egypt will inaugurate on August 6 a "new Suez canal" shipping route aimed at speeding up traffic along the existing waterway, officials said on Saturday.

Dubbed the Suez Canal Axis, the new 72-kilometer (45 miles) flagship project would run part of the way alongside the existing canal that connects the Red Sea to the Mediterranean.

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U.S. House Derails Obama Trade Agenda

U.S. lawmakers dealt a stinging blow Friday to President Barack Obama and his ambitious trade agenda, stalling a measure that would have given him fast-track authority to conclude a trans-Pacific trade accord.

The vote, in which two-thirds of the House of Representatives opposed a workers aid program in the trade package, marked a defeat for the president, who had personally come to Capitol Hill earlier in the day in a failed bid to persuade fellow Democrats to back him.

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Report: Uber Plans $1 Billion China Investment

Taxi hailing app Uber plans to invest seven billion yuan ($1.1 billion) in China, the Financial Times reported on its website, citing a company email.

The paper said it obtained the message sent to Uber investors this week by its CEO Travis Kalanick.

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