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Apple Pay in First Deal with Major French Bank

Apple has reached its first agreement with a major French bank on Apple Pay, as Societe Generale said Monday it would offer its clients the chance to use the smartphone payment system.

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EU Ready for 'Most Ambitious' Brexit Trade Pact

EU Brexit chief Michel Barnier said on Monday the bloc would give Britain its "most ambitious" trade deal -- but only if it meets the bloc's stringent Brexit conditions.

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Booming Germany Can Weather Political Impasse -- For Now

Germany's robust economy can weather the immediate fallout from Chancellor Angela Merkel's failed coalition talks, experts said Monday, but warned that a lengthy political paralysis could delay much-needed reforms and jeopardize future growth.

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Euro Sinks in Asia as Germany is Gripped by Uncertainty

The euro faced fresh pressure in Asian trade on Monday after German Chancellor Angela Merkel failed to form a government at the weekend, fuelling uncertainty in Europe's biggest economy.

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EU Cuts Funding to Turkey in 2018 Budget

An EU 2018 budget deal was announced Saturday that cuts funds destined to Turkey, citing doubts about Ankara's commitment to democracy and human rights.

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VW Says Will Invest over 34 Billion Euros in Cars of the Future by 2022

German automaker Volkswagen on Friday said it planned to invest more than 34 billion euros ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars.

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Moody's Raises India Rating, Citing Reforms

Moody's on Friday upgraded India's credit rating for the first time in more than a decade, citing economic reforms introduced under Prime Minister Narendra Modi.

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Cyprus Says 2017 Already Record Year for Tourist Arrivals

Cyprus has smashed its record for annual tourist arrivals with two months to spare, with the total reaching 3.4 million at the end of October, official figures showed on Friday.

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Erdogan Takes Aim at Turkey Central Bank

President Recep Tayyip Erdogan on Friday lashed out at Turkey's central bank over its refusal to cut interest rates, prompting new losses for the embattled Turkish lira against the dollar.

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China Imposes New Rules on Policy Banks to Curb Risks

China has set new rules to curb risks at its policy banks, stepping up oversight of the country's financial system as Beijing looks to avert a feared debt crisis in the world's number two economy.

For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing's pet projects and supporting Chinese companies abroad.

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