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2017: The Year the Bitcoin Craze Reached Wall Street

Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is.

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Raising the Bar: Local Brews Make a Comeback in Syria

For years, Abu George's bar in Damascus' Old City served imported beers under portraits of famous foreigners Che Guevara and Marilyn Monroe -- but the brews on offer now are Syrian-made.

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Debt Bear Stalks Goldilocks Economy

The global economy is enjoying a Goldilocks moment, with growth and inflation neither too hot nor too cold.

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Saudi Budget Deficit Narrows after Oil Income Recovers

Saudi Arabia appears set to post a lower-than-expected budget deficit this year as oil revenues rebounded and the kingdom kept public spending in check, official figures showed Monday.

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LibanPost Represented at Regional Conferences Promoting E-commerce

Lebanon’s postal operator, LibanPost, recently participated in two recent regional conferences focusing on the growing influence of e-commerce in the global economy.

Sales from e-commerce, the buying and selling of goods and services online, reached $2.2 trillion in 2017, according to market researcher firm eMarketer. This figure is expected to rise to an estimated $4.4 trillion per year by 2021, which would account for 16% of retail sales worldwide.

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China Shivers as Shift from Coal to Gas Sputters

With temperatures dipping below freezing in a northern Chinese village, a group of parka-clad women tried to stay warm as they played mahjong around a small gas stove in a grocery store.

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Swiss Banker Says Bitcoins 'Not Money', Urges Regulators to Act

The chairman of Swiss banking giant UBS said in an interview published Sunday that he does not consider the soaring cryptocurrency bitcoin as money and called for regulators to intervene.

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French Aerospace Giant Thales Acquires SIM Maker Gemalto

French aerospace and defense group Thales said Sunday it has bought European SIM manufacturer Gemalto in a bid to become a global leader in digital security.

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Strike over Teva Cuts Briefly Halts Flights at Israel's Main Airport

Flights at Israel's main airport were temporarily suspended on Sunday as part of a strike against plans by pharmaceutical giant Teva to shed employees.

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US Asks Deutsche Bank for Info on Flynn-Linked Transactions

The US government has requested that Deutsche Bank provide information on transactions potentially linked to Michael Flynn, President Donald Trump's former national security advisor, The Wall Street Journal reported Friday.

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