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UK Inflation Hits Two-Year Low on Falling Energy Costs

British annual inflation hit a two-year low point in January, undershooting the Bank of England's 2.0 percent target on falling oil and other energy costs, official data showed on Wednesday.

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Ghosn Says Lawyer Change 'Start of Process of Establishing Innocence'

Detained former Nissan boss Carlos Ghosn said on Wednesday that shaking up his legal team was the beginning of the process of "establishing my innocence" as his trial nears.

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No Flights to or from Belgium Due to Strike on Wednesday

Belgian airspace was to be closed to all flights below 8,000 meters on Wednesday as a national strike threatened to bring the European country to a standstill. 

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Samsung Reaches Settlement over 'Exploding' Washing Machines

Samsung Electronics has reached a settlement in a class-action lawsuit over 2.8 million "exploding" washing machines recalled in the U.S., the South Korean company said Tuesday.

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Berlin Woos U.S. in Europe Gas Battle

Germany put on a show of unity with the United States Tuesday in talks on importing natural gas, as Berlin battles accusations an under-construction pipeline deepens European energy dependence on Russia.

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Mnuchin in Beijing for Crunch U.S.-China Trade Talks

U.S. Treasury Secretary Steven Mnuchin said he was "looking forward" to crunch negotiations with China as he emerged in Beijing on Tuesday with global attention focused on whether the two sides can reach a trade deal.

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Nissan Downgrades Full-Year Forecast, Logs Nine-Month Profit Fall

Japanese automaker Nissan, rocked by the arrest of former chairman Carlos Ghosn, on Tuesday revised downward its full-year forecast as nine-month net profit dropped more than 45 percent.

It was Nissan's first earnings report since Ghosn was arrested on November 19 and then sacked as chairman. He is in detention facing charges of financial misconduct.

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U.S. Team in Beijing for Trade Talks after IMF 'Storm' Warning

U.S. negotiators met with their Chinese counterparts in Beijing Monday for a new round of high-stakes trade talks, hoping to reach a deal before the March 1 deadline set by Donald Trump as the IMF warned of a possible global economic "storm".

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UAE Expects Oil Market to Balance in First Quarter

The energy minister of the United Arab Emirates said Monday supply and demand in the oil market should balance out in the first quarter of 2019, following weeks of output cuts.

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Study: No-Deal Brexit 'Could Cost 600,000 Jobs Worldwide'

A British departure from the European Union without a deal could put 600,000 jobs around the world at risk, with Germany the hardest hit, a study published Monday found.

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