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Nissan ex-Chair Ghosn Set on Restoring Reputation

Carlos Ghosn, the former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn't about to settle into quiet retirement.

The former head of the Nissan-Renault alliance fled to Lebanon in late 2019, while out on bail facing financial misconduct charges in Japan. In a recent interview with The Associated Press, Ghosn was confident, energized and determined to fight to restore his reputation.

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More Workers Off Sick since Italy Brought in Covid Pass

The number of workers taking sick days has surged in Italy since the introduction last week of mandatory coronavirus certificates for all employees, official data showed Thursday.

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Israel to Issue 3,000 More Permits to Gaza Merchants

Israel said on Wednesday it would issue 3,000 more permits for merchants from Gaza to enter Israel, the latest measure aimed at boosting economic conditions in the blockaded strip.  

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Roads Blocked in Lebanon after Major Surge in Fuel Prices

Protesters took to the streets in several Lebanese regions on Wednesday after a major surge in fuel prices, the latest in a series of recent increases.

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Alibaba Shares Soar after Founder Reported on Europe Trip

Alibaba shares surged more than six percent on Wednesday after billionaire founder Jack Ma was reported to be in Europe, fueling investor hopes that the worst of China's regulatory crackdown for the internet giant might be over.

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Lebanon Central Bank Audit Demanded by Creditors to Resume

A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank Thursday in line with creditors' demands, the Lebanese presidency and a top official said.

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Lebanon's Car Culture Questioned in Crisis

By challenging Lebanon's national passion for automobile ownership, and driving growing numbers towards greener or more collective transport, the economic crisis is succeeding where everything else failed.

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IMF Says Social Unrest Threatens Mideast Economic Recovery

The Middle East and North Africa is on track for a recovery, but rising social unrest is threatening the "fragile" progress of low-income economies, the International Monetary Fund said Tuesday.

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Energy Crunch Hits Global Recovery as Winter Approaches

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can't find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it's a cold winter.

The world is gripped by an energy crunch — a fierce squeeze on some of the key markets for natural gas, oil and other fuels that keep the global economy running and the lights and heat on in homes. Heading into winter, that has meant higher utility bills, more expensive products and growing concern about how energy-consuming Europe and China will recover from the COVID-19 pandemic.

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Asian Stocks Higher as Investors Watch Corporate Earnings

Asian stock markets followed Wall Street higher as investors waited for U.S. corporate results Tuesday to see how companies are coping with supply disruptions and the past quarter's surge in coronavirus infections.

Shanghai, Tokyo, Hong Kong and Sydney advanced.

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