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Biden to Meet with Farmers as He Seeks to Cut Meat Prices

U.S. President Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation.

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Tesla Delivers Almost 1 Million Cars Globally

Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges. 

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Markets Begin 2022 on a High Note

Stock markets rose Monday in the first trading day of 2022 following stellar performances last year, as investors keep an eye on the coronavirus pandemic, inflation and looming central bank rate decisions.

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The Costs of Erdogan's Fight for Turkey's 'Economic Independence'

Turkey's consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdogan's unorthodox battle for his developing country's "economic independence."

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Turkish Inflation Hits 19-Year High in Lira Crisis

Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed Monday, after a currency crisis sparked by President Recep Tayyip Erdogan's unconventional economic policies.

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Turkish Lira Crisis Turns Political with Lawsuit Threat

Turkey's currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who comment on social media about the lira's slide.

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European Stocks Rise in Year-End Trading

European stock markets rose slightly Thursday in quiet end-of-year trading as the Omicron variant dominates sentiment. 

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Emirates Upbeat on Growth despite Global Surge in Covid

Aviation giant Emirates said Thursday it expects business to grow next year despite the surge in global coronavirus cases fuelled by the Omicron variant.

The Dubai-based carrier said in November it was already on the path to recovery as six-month losses dropped by more than half from a year earlier.

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Israeli Environment Minister Says UAE Oil Deal is Blocked

Israel's Environment Minister said Thursday a clandestine oil deal that would have turned a scuba divers' paradise into a waypoint for Emirati oil headed for Western markets has effectively been blocked.

Tamar Zandberg told Israeli Army Radio that following a Justice Ministry opinion that her office had the authority to limit the activities of the Israeli government-owned corporation signed onto the deal, "the agreement cannot be realized."

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Despite Defense Buildup, Japan's Arms Industry Struggles

The dozens of Type 90, or "Kyumaru," tanks rumbling through recent shooting drills on Japan's northern island of Hokkaido exemplify the challenge its arms makers face both at home and overseas as the country fortifies its defenses against strategic threats.

The Self Defense Force needs the more advanced aircraft and weaponry sold by U.S. arms manufacturers as Japan's strategic focus shifts from Russia in the north to the south, where it faces incursions by Chinese fighter jets and naval vessels and North Korean missile launches.

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