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Renault Signs 660 Million Euro Deal with Iran

French automaker Renault signed on Monday a long-awaited joint venture deal with Iran worth  660 million euros ($779 million) to build up to 300,000 cars per year.

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Cash Crisis Pushes Libyans to Virtual Payments

When a cash crisis struck the war-torn North African country of Libya, many people were forced to queue for days to withdraw their savings.

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RBS Picks Amsterdam as Post-Brexit EU Base

Britain's state-rescued Royal Bank of Scotland has picked Amsterdam as a post-Brexit EU base, it said Friday as it rebounded into second-quarter profit.

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Dollar Slumps on Russia Probe Report, Tokyo Stocks Slide

The beleaguered dollar struggled to recover from a fresh slump Friday triggered by a report on the probe into alleged Russian interference in the US election.

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Struggling Singapore Airlines Offers Crew Unpaid Leave

Singapore Airlines said Friday it is offering cabin crew unpaid leave in a cost-cutting measure as it struggles to keep up in an increasingly tough market. 

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Rio's Olympic Hotel Rooms Empty One Year Later

Rio de Janeiro hotels nearly doubled capacity for the Olympics, but had a problem once sports fans went home: the tourism industry had checked out with them.

After being criticized for not having enough rooms in the buildup to the Games, Rio energetically boosted bed numbers, hoping that this would also benefit the famous seaside city afterward. And during the Olympics last August things looked good: occupancy reached 76 percent.

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Apple, Huawei, Amazon Gain in Sluggish Tablet Market

Apple, Huawei and Amazon boosted tablet sales over the past quarter, despite the ongoing slump in the overall market for the devices, surveys showed Thursday.

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Bank of England Cuts Growth Forecast as Brexit Bites

The Bank of England on Thursday cut its UK growth forecasts with governor Mark Carney warning that high inflation triggered by a Brexit-fuelled slump in the pound had hurt consumer spending.

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UK Execs See Income Cut but Still 132 Times Average

The average annual pay packet of Britain's top executives fell by 17 percent in 2016, but was still 132 times the average full-time wage, according to a report published Thursday.

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Apple Beats Profit Estimates, Boosting Shares

Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price.

Profit climbed 12 percent to $8.7 billion, and revenue rose seven percent to $45.4 billion, with the California-based company selling 41 million iPhones in the fiscal third quarter to July 1.

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