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Brazil Economy Shrinks 0.2 Percent in First Quarter

Brazil's economy shrank in the first quarter of the year, official data showed Thursday, taking Latin America's biggest country to the brink of recession for the first time in two years. 

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U.S. Economic Growth Revised Down to 3.1% in Q1

U.S. economic growth at the start of 2019 was slightly slower than originally reported but remained robust despite President Donald Trump's extended government shutdown, according to new data released Thursday.

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Indian Celebrity Jeweller Appears in UK Court

Nirav Modi, India's fugitive jeweller to the stars, appeared at a London court on Thursday as his extradition battle focused on which prison India would send him to.

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Asian Markets Slump over Slowdown Fears

Asian markets largely fell Thursday as Beijing ratcheted up its rhetoric against Washington, fanning investor anxiety over the US-China trade war and a potential global economic slowdown.

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China Steps Up Threat to Deprive U.S. of Rare Earths

Chinese state media on Wednesday dangled the threat of cutting exports of rare earths to the United States as a counter-strike in the trade war, potentially depriving Washington of a key resource used to make everything from smartphones to military hardware.

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German Unemployment Rate Rises for First Time since 2013

Germany's unemployment figures rose in May for the first time in more than five years, official data showed Wednesday, amid signs of slowing growth in Europe's biggest economy.

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China Warns U.S. Not to Politicize Exchange Rates

China warned the United States on Wednesday not to "politicise" the exchange rate of its currency amid a festering trade war between the two economic giants.

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From European Dream to Global Giant: Airbus Marks Half Century

Fifty years ago at the Paris air show, France's transport minister and Germany's economy minister signed an agreement that would change aviation history.

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GE to Cut over 1,000 Jobs in French Power Operations

U.S. industrial conglomerate General Electric said Tuesday that it would cut more than 1,000 jobs mainly at its gas turbine operations in eastern France, part of a wave of European layoffs as it tries to stem losses in its power generation business.

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Italy Braced for 3 Billion-Euro Brussels Fine

Italy's Deputy Prime Minister Matteo Salvini said Tuesday he expected Brussels to slap Rome with a three billion-euro ($3.36 billion) fine over the country's rising debt and structural deficit levels.

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