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Hammond Says UK Will Pay Brexit Debts, Admits Cabinet Splits

Finance minister Philip Hammond said Sunday that Britain will take responsibility for the money it owes the EU after leaving the bloc, as he acknowledged the cabinet was split over Brexit.

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Greece Heading for Bond Market Test 'within Days'

Bolstered by its third bailout program and positive reports from the European Union, Greece is planning an imminent test of the bond market, local media said this weekend.

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U.S. Ambassador Celebrates USAID/OTI Civil Society Partners

U.S. Ambassador to Lebanon Elizabeth Richard joined more than 300 guests on July 13 to celebrate the “important work of USAID’s Office of Transition Initiatives’ (OTI) civil society partners in Lebanon over its 10-year program,” the U.S. Embassy said on Friday.

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IMF Approves Second Tranche of Egypt Loan

The International Monetary Fund has approved a second tranche of a $12 billion loan to Egypt, praising the country's tough economic reforms that have fueled inflation.

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Fitch Keeps China's 'A+' Rating but Warns over Debt

Fitch Ratings warned Friday that China's growing debt could trigger "economic and financial shocks", but said it will maintain the country's A-plus rating with a stable outlook despite its concerns.

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Merkel Says Open to Creating Eurozone Budget, Finance Minister

German Chancellor Angela Merkel said Thursday she was open to the creation of a finance minister and budget for the eurozone as proposed by French President Emmanuel Macron.

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Qatar Airways Boss Says 'Bullying' Gulf States Will Hit Profits

Qatar Airways' outspoken boss Akbar al-Baker accused neighboring Gulf states Thursday of "bullying" his country during the region's political crisis and said his company's profits would be hit by the dispute.

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Qatar, Etihad Slam American Airlines for Ending Codeshare Deals

Qatar Airways and Abu Dhabi's Etihad said Thursday they were disappointed with an American Airlines decision to end its codeshare relationships with them as part of its push against government subsidies of Middle Eastern carriers.

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Peugeot-Citroen's Lifted by Iran despite China Sales Plunge

French auto giant Peugeot Citroen (PSA) said Thursday global sales rose slightly in the first half with its Iran comeback compensating for problems in China where volumes plunged by almost 50 percent.

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Turkey Energy Minister 'to Visit Israel for Pipeline Deal'

Turkey's Energy Minister Berat Albayrak is set to visit Israel by the end of this year to conclude an agreement for the building of a natural gas pipeline from the Jewish state to Turkey, the Israeli energy minister said on Wednesday. 

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