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EU Parliament Eyes Approval of 1.2 Billion Euro Aid for Ukraine

The European Parliament on Tuesday agreed to an urgent vote on a 1.2-billion-euro ($1.4-billion) EU aid package for Ukraine, as fears of a potential Russian invasion threaten its economy. 

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European Stocks Rebound, Oil Slides on Easing Ukraine Fears

European stock markets rebounded and oil prices tumbled Tuesday on hopes that Ukraine and Russia would avoid a full-blown conflict.

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World Bank Economist Warns of Dangers of Ignoring Growing Debt

Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20, a top World Bank official warned.

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Week-Long Fuel Scarcity Hits Oil-Rich Nigeria

A week-long petrol scarcity is fraying nerves in oil-producing Nigeria as gas stations run out of stock, causing long queues of motorists in major cities.

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Turkish Company Barred from Haifa Port Tender over 'Hizbullah Ties'

The Israel Government Companies Authority decided this week to disqualify a Turkish company from taking part in a tender for the privatization of Haifa Port, an Israeli media report said.

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Key U.S.-Canada Bridge Reopens as Ottawa Protest Persists

The busiest U.S.-Canada border crossing was open Monday after protesters demonstrating against COVID-19 measures blocked it for nearly a week, but a larger protest in the capital, Ottawa, persisted as city residents seethed over authorities' inability to reclaim the streets.

Demonstrations against COVID-19 restrictions and other issues have blocked several crossings along the U.S.-Canada border and hurt the economies of both nations. They also inspired similar convoys in France, New Zealand and the Netherlands. The U.S. Department of Homeland Security warned that truck convoys may be in the works in the United States.

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Saudi Transfers Oil Giant Aramco Shares to Sovereign Fund

Saudi Arabia has moved four percent of Aramco shares worth 80 billion dollars in the world's biggest oil exporter to the kingdom's sovereign wealth fund, authorities said Sunday.

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Lebanon's Crash Snuffs Out Beirut's Fabled Hamra Street

From his small music shop on Beirut's Hamra Street, Michel Eid witnessed the rise and fall of Lebanon through the changing fortunes of this famed boulevard for more than 60 years.

Hamra Street represented everything that was glamorous about Beirut in the 1960s and 1970s, with Lebanon's top movie houses and theaters, cafes frequented by intellectuals and artists, and ritzy shops. It saw a revival the past decade, with international chain stores and vibrant bars and restaurants.

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IMF Says More Work Needed for Lebanon Aid Deal

After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed.

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Beijing Punishes Traders in Olympic Souvenir Crackdown

Police are punishing Chinese traders for cashing in by reselling scarce dolls of Olympics mascot Bing Dwen Dwen at up to 10 times retail price.

Buyers stood in line overnight in freezing weather and emptied store shelves after the Winter Games opened Feb. 4. News reports say factory employees were called back from their Lunar New Year holiday to make more panda mascots.

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