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Debt-Averse Germany to Take on Billions in New Borrowings

The German government will borrow a record 240 billion euros in 2021 and break its taboo on taking on new debt again in 2022, ministry sources said Monday, as Berlin looks to soften the economic blow of the pandemic.

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Sweden Airports to Charge High-Polluting Planes More

Sweden is planning to introduce a bonus-malus scheme at its two main airports in relation to the amount of greenhouse gas emissions that aircraft produce, the government announced Monday.

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Turkish Lira, Stocks Sink after Erdogan Fires Top Banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdogan's abrupt dismissal of his reformist central bank chief.

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Asia Markets Swing as Inflation Fear Tempers Recovery Hope

Asian markets fluctuated Monday as the battle between economic optimism and fears about the inflation and possible rate hikes the recovery will fuel continues to play out on trading floors.

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SGBL Chairman to Sue Judge Aoun in Europe, U.S.

International law firms hired by SGBL Bank chairman and CEO Antoun Sehnaoui have started preparing a series of lawsuits to be filed against Mount Lebanon Attorney General Judge Ghada Aoun in France, Switzerland, Belgium and the U.S., media reports said.

The lawsuits will accuse Aoun of “attempting to harm the reputation of Sehnaoui and the SGBL bank, especially that Sehnaoui owns a bank in the United States and another in France,” LBCI television said.

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Turkey Sacks Central Bank Governor after Interest Rate Hike

Turkey fired the governor of its central bank and replaced him with economist and former ruling party lawmaker Sahap Kavcioglu, according to a presidential decree published late on Friday, in a move likely to raise concerns over the bank's independence.  

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U.S. Slams Huthi Attack on Saudi Refinery as Bid to 'Disrupt Global Energy Supplies'

The United States on Friday condemned the drone strike on a Saudi oil refinery claimed by Yemen's Huthi rebels, calling it an attempt to "disrupt global energy supplies."

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Higher Gasoline Prices Fuel Canada Inflation

Canadian inflation rose 1.1 percent in February from a year earlier as gasoline prices increased for a third straight month, the government said Wednesday.

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U.S. Senate Confirms Tai as Top Trade Negotiator

The U.S. Senate on Wednesday confirmed Katherine Tai as President Joe Biden's top trade enforcer and negotiator.

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Lebanon to Reopen Restaurants, Gyms, Nurseries, Gambling Centers

Lebanon will on Monday begin the fourth phase of its reopening plan following a strict coronavirus lockdown aimed at curbing soaring cases.

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