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Stocks, ruble drop as traders eye Russia after aborted uprising

The ruble reached a 14-month low against the dollar and major equity markets slid Monday after an aborted weekend mutiny in Russia that stoked concerns about stability in the nuclear-armed country.

While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts said the rebellion showed President Vladimir Putin's grip on power was more fragile than previously thought.

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Aston Martin agrees US-Saudi electric car deal

Aston Martin on Monday announced a deal with US-Saudi electric vehicle specialist Lucid Group to help make the British group's luxury 'green' cars.

California-based Lucid will supply technology, including battery systems, for cash and shares worth about $232 million (213 million euros), Aston said in a statement.

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H&M workers strike for higher pay across Spain, shutting down stores

Hundreds of retail workers on Monday walked off the job across Spain in a new round of strikes against the fashion giant H&M Group, extending a series of store closures in the middle of the summer sales season.

More than 4,000 Spanish employees at the Swedish multinational's brands including H&M, Other Stories and Cos are seeking pay rises in line with the higher cost of living and are protesting increased workloads linked to layoffs during the COVID-19 pandemic.

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Global shares decline after armed rebellion quelled in Russia

Global shares mostly fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine.

France's CAC 40 dipped 0.4% in early trading to 7,135.23. Germany's DAX slipped 0.2% to 15,797.27. Britain's FTSE 100 fell 0.8% to 7,403.10. The futures for the Dow Jones Industrial Average and S&P 500 futures were down 0.2%.

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Ghosn says $1B lawsuit against Nissan is reasonable given his suffering after arrest

Carlos Ghosn has said that the $1 billion lawsuit he recently filed against Nissan and others is just the beginning of his fight.

The former Nissan CEO said during an interview with The Associated Press in Beirut that had he been an American citizen filing a lawsuit in the United States, "I would not be asking for $1 billion, but for much more," given his suffering.

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Qatar sovereign wealth fund buys stake in Washington's NBA, NHL and WNBA teams

Qatar's sovereign wealth fund is buying a roughly 5% stake in the parent company of the NBA's Washington Wizards, NHL's Washington Capitals and WNBA's Washington Mystics as part of a $4.05 billion deal, a person with knowledge of the sale said Thursday.

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Inflation, economic crises strain pilgrims in this year's Hajj, putting it out of reach for some

Saudi Arabia is hosting its biggest Hajj pilgrimage in three years, starting Monday. But for many pilgrims, and for many others who couldn't make it, global inflation and economic crises made it more of a strain to carry out Islam's spiritual trip of a lifetime.

Mohammed, a university professor in the Egyptian capital Cairo, said it was an annual tradition for him to apply to go on Hajj. But not this time.

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German MPs approve plan to attract skilled workers to plug country's labor gap

Germany's parliament on Friday approved plans to attract more skilled workers to Europe's biggest economy and help address labor shortages in a growing number of professions.

Lawmakers voted 388-234 in favor of the legislation, with 31 abstentions. It foresees a "points system" taking into account professional experience and other factors, along the lines of systems already used by countries such as Canada. It will ease entry rules for information technology specialists who lack university degrees but have other qualifications.

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US has tons of leftover food. Upcycling seeks to turn would-be trash into ice cream, pizza

At Tyler Malek's ice cream parlors, one cook's trash is another chef's frosty treat.

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Hollywood writers at rally say they'll win as strike reaches 50 days

Fifty days into a strike with no end in sight, about 1,000 Hollywood writers and their supporters marched and rallied in Los Angeles for a new contract with studios that includes payment guarantees and job security.

Speakers at the Writers Guild of America's WGA Strong March and Rally for a Fair Contract on Wednesday emphasized the broad support for their cause shown by other Hollywood unions — including actors in their own contract negotiations — and labor at large.

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