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UK Car Investment Almost Halves on Brexit

Investment in Britain's key automotive sector collapsed by almost half in the first six months of the year owing to Brexit uncertainty, industry data showed on Tuesday.

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Libya Govt Says Oil Exports by Rival Administration 'Illegal'

Libya's UN-backed government warned Tuesday that any new attempt by a rival administration in the east to export oil independently will be stopped after the region's military strongman handed it control of key ports.

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Harley-Davidson Moves Some Work from US Due to Tariffs

Harley-Davidson plans to shift some manufacturing of its iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday.

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Jacques Saade, Founder of French Shipping Giant, Dead at 81

French-Lebanese businessman Jacques Saade, who founded CMA CGM, which went on to become the world's third largest container shipping firm, has died, his company said. He was 81. 

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Tehran's Grand Bazaar Strikes in Protest at Rial Collapse

Traders in the Iranian capital's Grand Bazaar held a rare protest strike Monday against the collapse of the rial on the foreign exchange market as demonstrators also took to the streets.

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Turkey Lira Surges against Dollar after Erdogan Victory

Turkey's embattled lira, which had lost some 20 percent in value against the dollar this year, on Monday surged some three percent in value against the greenback following President Recep Tayyip Erdogan's decisive election victory.

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EU, China Vow to Uphold Global Trade Order despite Divisions

The European Union and China pledged on Monday to uphold a rules-based international trade system, making an oblique criticism of growing protectionism in Washington despite their own disagreements.

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Asian Markets Fall as Trade War Fears Weigh on Sentiment

Asian markets fell Monday as fears of a global trade war continue to dog investors, with Donald Trump threatening fresh tariffs on European cars and reports he is considering curbs on Chinese investment the US.

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Russia Backs OPEC Oil Output Hike

Russia has joined an OPEC-led pledge to boost oil production in response to growing global demand, capping a week of tense diplomacy for the grouping that averted a damaging rift between arch foes Iran and Saudi Arabia.

Speaking after a meeting in Vienna, Russian Energy Minister Alexander Novak said the agreement would give the OPEC and non-OPEC countries cooperating in a landmark supply-cut pact the necessary "flexibility" to prevent the market overheating.

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Soul Searching for Latino Contractors in Trump Era

Outcry over revelations of confused migrant toddlers being stripped from their parents on the U.S.-Mexico border has shone a spotlight on one sector of the immigration debate that usually manages to stay obscure: government contractors.

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