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EU Chops Greece Growth Forecast amid Bailout Row

The EU sharply cut the growth forecast for Greece on Thursday, sparking worries that a long delay in its bailout program was damaging the economy.

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Emirates Airline Posts 82.5% Drop in 2016-17 Profit

Leading Middle East airline Emirates said Thursday its profits had plunged by 82.5 percent in its last fiscal year, blaming fierce competition, currency devaluations and U.S. travel restrictions.

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Saudi Budget Deficit Drops 71% in Q1

Saudi Arabia's budget deficit fell by 71 percent in the first quarter of this year, the finance minister said on Thursday, after the kingdom made sweeping spending cuts.  

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Germany Probes 2,000 Firms over Alleged Malta Tax Dodge

German authorities said Wednesday they had opened a probe into up to 2,000 companies registered in Malta on suspicion of tax fraud, after receiving an anonymous tip.

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Army to Protect Tunisia Resources from Protests, Says President

President Beji Caid Essebsi said Wednesday that the army will protect the output from Tunisia's main resources from being disrupted by protests over social and labor issues.

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Markets Diverge after Trump Fires Comey

World stock markets diverged and the dollar wobbled on Wednesday, as investors digested the overnight news that U.S. President Donald Trump has fired FBI director James Comey.

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Toyota Logs First Annual Profit Fall in Five Years

Toyota on Wednesday reported its first drop in annual net profit for five years, while it unexpectedly warned that earnings would fall again owing to pricey U.S. customer incentives and a forecast pick up in the yen.

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Palestinians Seek Pizza Hut Boycott for 'Mocking Hunger Strike'

Palestinians called for a boycott of Pizza Hut on Tuesday after the company's franchise in Israel was accused of mocking hunger-striking prisoners.

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Macron Victory is 'Good News' for Trade-Reliant Asia, Says IMF

Emmanuel Macron's victory in the French presidential election is "good news" for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund (IMF) said Tuesday.

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Steady growth keeps Commerzbank restructuring 'on track'

Germany's second-largest lender Commerzbank on Tuesday reported steady growth in the first quarter, saying that it would press on with far-ranging restructuring plans over the rest of the year.

Net profit increased 28.4 percent to 217 million euros ($237 million) between January and March compared with the same period last year, the bank said in a statement.

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