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Venezuela Sees Massive Official Currency Devaluation

Venezuela's languishing currency, the bolivar, has officially slid 86.6 percent against the euro according to a new auction of the European currency by Venezuela's central bank, whose result was given Monday.

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Bitcoin Drops Below $6,200 for First Time in Three Months

Bitcoin plunged 20 percent to a three-month low on Tuesday, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling.

The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year.

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Broadcom Makes Improved, Final Offer for Chipmaker Qualcomm

Singapore-based computer chip maker Broadcom stepped up its battle for rival Qualcomm on Monday, tabling a higher price in what it said is its final bid for the major maker of chips for mobile phones.

Broadcom said it was offering the equivalent of $82 per Qualcomm share, up from an original price of $70 per share in November.

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Sudan Devalues Pound to 30 against U.S. Dollar

Sudan's central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the U.S. dollar, the second such move in weeks amid soaring inflation.

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Dubai Airport Retains Top International Spot in 2017

Dubai airport was the world's busiest for international passengers in 2017 for the fourth year running, with 88.2 million travellers, the United Arab Emirates' state news agency WAM said Monday.

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IATA Chief Warns about Rising Cost of Airport Expansion

The "skyrocketing" costs of expanding airport infrastructure must be controlled to keep flight tickets affordable, the boss of airline industry group IATA warned Monday.

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In Quest for Growth, German Toymakers Keep It Real

In an industry upended by the changing play habits of tech-savvy kids, German toymakers are pinning their hopes for growth on traditional, real-world toys -- with a little help from the big screen.

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EU Says 'Electroshock' Tax Plan for Internet Giants Set for March

The European Commission will present by the end of March its plan for overhauling tax rules for internet giants, aimed at making them pay up in the countries where they earn their profits, a top official said Sunday.

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Sony Profits Soar More than Tenfold, Forecast Revised Up

Sony said Friday its nine-month profit had soared more than tenfold, and upgraded its annual profit forecast, cementing a roaring recovery for the once-ailing tech titan of Japan Inc.

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As Cyprus Votes, Apathy and Economy Trump Unification for Youth

As Cyprus gears up for a presidential election run-off, apathy appears on the rise among young people more concerned by economic problems than the decades-long quest to reunify the island.

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