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French-Israeli Diamond Mogul Jailed in Swiss Corruption Trial

French-Israeli diamond magnate Beny Steinmetz was sentenced by a Geneva court on Friday to five years behind bars for corruption linked to mining rights in Guinea.

After a seven-year international investigation, the 64-year-old businessman was accused of setting up a complex financial web to pay bribes so that Beny Steinmetz Group Resources (BSGR) could obtain permits in an area estimated to contain the world's biggest untapped deposits of iron ore.

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Nasdaq Rises Again ahead of Tech Earnings, Dow Drops

The Nasdaq jumped in early trading Monday ahead of earnings from tech giants, while the Dow fell on uncertainty about U.S. President Joe Biden's stimulus package and mixed Covid-19 vaccine news.

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Biden Seeks to Close 'Made in America' Loophole, Spur Manufacturing

U.S. President Joe Biden will sign an executive order Monday giving American companies and products priority in contracting with the federal government, as the new administration attempts to spur domestic manufacturing.

The order is aimed at boosting national production and saving industrial jobs by increasing investments in factories and workers, senior White House officials said, and comes after Biden promised on the campaign trail to "build back better" as the U.S. economy struggles through the Covid-19 pandemic.

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Debenhams Shuts all Stores, around 12,000 Jobs Lost

UK department store chain Debenhams is to shut all its outlets, administrators for the collapsed group said Monday, with the loss of around 12,000 jobs.

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Most Asian Markets Rise with Eyes on U.S. Stimulus Push

Asian markets mostly rose Monday, rebounding from a sell-off at the end of last week as investors keep tabs on the progress of Joe Biden's new US economic rescue package.

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Libya Oil Output Makes High-Stake but Fragile Return

Oil cartel OPEC saw production rise in December, as Libya's energy sector sprang back to life following a ceasefire deal in the war-torn country.

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Tesla Sues ex-Employee for Allegedly Stealing 26,000 Confidential Files

Tesla has sued a former employee for allegedly stealing about 26,000 confidential files in his first week of working at the company, according to a court filing seen by AFP. 

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Oman Bars Expats from Certain Jobs amid Economic Downturn

Oman announced Sunday it will bar expatriates from certain jobs in an effort to create more employment opportunities for its citizens amid an economic downturn. 

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Asian Markets Take a Step Back after Biden-fuelled Rally

Asian markets fell Friday as investors took a breather following a strong week for global equities as Joe Biden took up residence in the White House, though there are concerns about the outlook for his new stimulus proposal.

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Iran, Pressured by Blackouts and Pollution, Targets Bitcoin

Iran's capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped.

With toxic smog blanketing Tehran skies and the country buckling under the pandemic and other mounting crises, social media has been rife with speculation. Soon, fingers pointed at an unlikely culprit: Bitcoin.

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