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Turkish Lira Slides to Record Low of 8 against Dollar

Turkey's lira on Monday set a new record low against the US dollar after the central bank refused to raise its main interest rate and tensions increased sharply with the country's Western allies.

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Asian Markets Mixed as U.S. Stimulus Remains Elusive

Asian markets were mixed Monday with traders increasingly pessimistic that US lawmakers will pass a new stimulus package before next week's election, while spiking virus cases fanned worries about the economic impact of new containment measures.

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Greek Ghost Villages Wake Up for Tourists

The moonlight is the only light in the alleys of Mikro Chorio, the ancient capital of the Greek island of Tilos. And as in many other abandoned villages in Greece, they only come back to life for the tourists.  

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Brexit Talks No Closer to a Deal, Say Insiders

Britain and the European Union are still a long way from a post-Brexit trade deal, several European sources told AFP Sunday, as both sides prepared to resume talks this week.

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UK Eyes EU Trade Deal 'as Soon as Possible'

Britain said on Friday it was targeting a post-Brexit trade deal with the European Union "as soon as possible", after France suggested an intensive new schedule of talks could extend past the bloc's October 31 deadline.

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Tesla to Recall 30,000 Cars from China over Suspension Defects

U.S. electric car manufacturer Tesla will recall almost 30,000 vehicles imported into China due to suspension defects, China's market regulator said Friday. 

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Markets Mostly Up but Held Back by Stimulus Uncertainty

Stock markets mostly rose Friday but gains were limited as US lawmakers struggled to hammer out a fresh economic rescue package, while investors were largely unmoved by the last presidential debate before next month's election.

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Bloated Public Salaries at Heart of Iraq's Economic Woes

Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills.

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U.S. Existing Home Sales Boom in September, Jumping 9.4%

The U.S. housing market continued its boom in September as existing homes sales grew 9.4 percent from the month before, a survey released Thursday said.

The 6.54 million seasonally adjusted annual rate of sales reported by the National Association of Realtors (NAR) was above expectations and 21 percent higher than the same month in 2019, with low interest rates and the upheavals of the coronavirus pandemic fueling a surge in home-buying.

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UK Improves New Jobs Support Scheme after Criticism

The UK government on Thursday improved its new jobs-support scheme after businesses hit by regional coronavirus lockdowns claimed it did not go far enough.

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