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Canada and Britain Sign Interim Deal to Avoid Tariff Increase after Brexit

Canada and Britain have signed a temporary agreement to avoid an increase in tariffs between the two countries after the British exit from the European Union in early 2021, Ottawa said Tuesday.

At the end of November, the two countries announced they had concluded a provisional post-Brexit trade agreement that would reflect, as of January 1, the terms of the deal that Britain benefited from as a member state of the EU. 

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U.S. Sues Walmart over Opioid Crisis, Seeks Billions

The U.S. Justice Department sued Walmart over its role in the opioid crisis on Tuesday, alleging the giant retailer wrongly filled prescriptions and worsened a public health disaster.

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Asian Markets Fall Further as New Virus Strain Clouds Near-term Outlook

Concerns about soaring virus cases and new lockdowns sent equities and oil tumbling again Tuesday, while fears over a new strain in Britain and stuttering Brexit trade talks kept the pound under pressure.

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UK Govt Borrowing Soars Further on Virus Spending

UK government borrowing continued to soar in November on emergency action to support the virus-hit economy which nevertheless rebounded stronger than expected in the third quarter, official data showed Tuesday.

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IMF Says Unlocks $2 bn for Pandemic-hit Ecuador

The board of the International Monetary Fund on Monday decided to immediately release $2 billion to help virus-hit Ecuador, the institution announced.

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Brexit Talks Flirt with Failure as New Deadline Blown

EU and UK trade talks inched onwards under renewed pressure Monday as transport chaos triggered by the emergence of a more contagious variant of the coronavirus in Britain overshadowed efforts to reach a Brexit deal.

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Fears of Fresh Food Shortages Mount as UK Faces Isolation

Britain could face a shortage of fresh produce and greens due to transport chaos at the border as tortuous Brexit talks linger and more countries shut borders after the emergence of a more contagious Covid-19 variant in England.

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Americans to Start Receiving Relief Checks Next Week

A new round of pandemic relief checks for Americans will start going out next week, U.S. Treasury Secretary Steven Mnuchin said Monday.

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U.S. Stocks Open Lower on UK Covid-19 Spike despite U.S. Stimulus

Wall Street stocks opened lower Monday as worries over a new highly-infectious strain of Covid-19 in Britain offset optimism from agreement on a long-delayed U.S. stimulus bill.

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Iraq to Supply Lebanon with Power Generation Oil in 2021

Iraq’s oil ministry on Monday announced reaching an agreement with Lebanon for exporting oil to Beirut in the year 2021 according to global prices.

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