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At least 200 dead after 7.1-magnitude earthquake shakes Mexico

Mexico City : A powerful 7.1 magnitude earthquake has killed at least 200 people, including 22 pupils from one school in central Mexico, according to officials. The US Geological Survey (USGS) said…

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EU firms want tangible action from China on access

BEIJING: European Chamber of Commerce in China said on Tuesday, EU suffers from promise exhaustion over China’s failure to follow through on pledges to open its market. The position paper…

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Takata airbags : GM to recall 2.5 mn vehicles in China

General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said on Monday. GM and its joint…

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Eurofighter deal: Airbus challenges Austrian allegations

VIENNA : Airbus denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and willful deception over a $2 billion fighter deal and threatened the country’s…

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ECB expects inflation to be declined by early 2018

Eurozone inflation will slump to hit in early 2018, the European Central Bank forecast Monday, Price growth could fall as low as 0.9 percent in the first quarter, but return…

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‘Angry Birds’ IPO expected to value parent maker Rovio to $1.1 billion

Rovio, the Finnish company behind the hit game ‘Angry Birds,’ Rovio, creator of hugely popular smartphone game  Angry Birds launched its initial public offering IPO on the Helsinki stock exchange…

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U.S. oil strikes $50 on rising refinery demand, falling stock count

SINGAPORE: U.S. crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs as the number of U.S. rigs drilling for new production fell…

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Google, Facebook may face higher tax bills in Europe as EU changes rules

Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley’s mega profits fall into public coffers….

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Russia cuts interest rate for fourth time this year

Russia’s central bank on Friday cut its key interest rate to 8.5 percent, the fourth reductions this year as inflation hits a record low. The bank said it took the…

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Mobile phone apps may replace BMW car keys

FRANKFURT: BMW reviews the necessity of car keys, Ian Robertson, the company’s board member responsible for sales told Reuters. The fact that customers now all carry a smartphone and the…

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China leads world internet population

BEIJING: China pioneers the world in internet development, as the growth of its citizen population and the amount of internet consumption both top the corresponding rate in other nations, a…

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No plans to take control of Ubisoft despite stake: JP Morgan

PARIS: U.S. bank JP Morgan said it had no plans to take control of video games maker Ubisoft, making the statement after a disclosure that it indirectly held about 11…

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