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European Stocks Mixed; Paris Hit by Glitch

Major European stock markets were mixed Monday as a technical hiccup hit Paris and investors weighed the chances of a U.S. stimulus package, dealers said.

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Iraq Arrests ex-Governor for Multi-Million Dollar Graft

Iraq's anti-corruption commission on Monday said it had arrested an ex-governor accused of embezzling millions of dollars, including aid for citizens who had fled their homes in war.

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Lawmakers Urge EU to Downgrade Presence at Saudi-Hosted G20

Sixty-five European lawmakers have signed a letter calling for the EU to downgrade its attendance at next month's G20 summit in Riyadh over human rights concerns, according to a document released Monday.

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American Airlines to Restart 737 MAX Flights in December

American Airlines says it plans to begin flying the Boeing 737 MAX again in December, assuming the Federal Aviation Agency (FAA) allows the plan to resume service, the carrier confirmed on Monday.

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UK Welcomes EU Offer to Break Brexit Deadlock

The European Union on Monday signaled a potential breakthrough in stalled Brexit talks in a move welcomed by Britain, which stressed however that it would not accept a deal at any price.

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Home Working to Boost Cyber-Attack Insurance

German reinsurance giant Munich Re said Monday that it anticipates a boom in cyber-risk insurance in the wake of the coronavirus pandemic. 

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First Emirati Passenger Flight Lands in Israel

The first ever passenger flight from the United Arab Emirates to Israel landed near Tel Aviv on Monday, a month after the countries signed an agreement normalizing ties.

Etihad Airways flight EY 9607 from Abu Dhabi landed at Ben Gurion airport early in the morning with only crew on board, a spokeswoman for the Israel Airports Authority told AFP.

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IMF Says Lebanon Economy to Contract by 25% in 2020

The International Monetary Fund said Monday that Lebanon’s economy is heading towards a contraction by 25%, compared with an estimated shrinkage of 12% in April -- one of the region's sharpest economic contractions this year.

"Lebanon needs a comprehensive reform program that tackles deep-rooted issues," the IMF's Middle East and Central Asia director Jihad Azour, who is an ex-Lebanese finance minister, said.

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Paris Bourse Trade Suspended Due to 'Technical Problem', Euronext Says

Trading on the Paris stock exchange has been suspended due to a technical problem, bourse operator Euronext said Monday.

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Asian Markets Rise on US Stimulus Hope, China Growth Falls Short

Asian markets rose Monday on lingering hopes for a new US stimulus package, though Shanghai and Hong Kong pared their initial rallies after data showed China's economy grew at a slower pace than forecast.

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