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Price of Saudi Cigarettes Doubles as First Tax Hits

The price of a pack of cigarettes doubled for Saudi Arabian smokers on Sunday under first-time tax measures to help the kingdom cope with a drop in oil revenues.

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EU's Border Dwellers Cheer Loudest as Roaming Charges End

The end of roaming fees in the EU is drawing loud cheers from mobile phone users, and nowhere more so than in borderlands where residents are always just a step away from involuntarily incurring hefty surcharges.

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Boko Haram Food Crisis: Farmers Call to Return Home

Farmers and fishermen displaced by Boko Haram violence in northeast Nigeria want to return home, saying it will help ease chronic food shortages for the remote region's starving millions.

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Moody's Downgrades S.Africa on Growth, Political Worries

Credit ratings agency Moody's on Friday said it had downgraded South Africa a notch over gloomy growth prospects and the political instability unleashed by corruption scandals engulfing President Jacob Zuma.

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Pound Dives as Britain Thrown into Uncertainty by Shock Vote

The pound plunged two percent Friday as Prime Minister Theresa May lost her majority in Britain's general election, fueling political uncertainty just days before the start of Brexit talks.

May had called the snap vote in a bid to boost her party's hold over Westminster and give her a stronger hand in talks with EU leaders over the country's detachment from the bloc.

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Cuba Drills for Own Oil as Venezuelan Flow Falters

Near the Cuban seaside village of Boca de Camarioca, a giant drill runs into the ground and out to sea, probing for oil.

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In Mexico's 'Red Triangle,' Stealing Oil a Way of Life

Standing in the middle of lettuce and onion fields that reek of gasoline, the farmers pause from their work to watch an army convoy drive by.

Gripping their machine guns, the soldiers return the farmers' wary gaze. It's impossible to know which villagers are involved in the multi-million-dollar oil theft racket that has become a way of life in this remote pocket of central Mexico.

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London Stocks Stall as Britons Head to Polls

The London stock market stalled on Thursday, bucking an upwards trend across Europe, with investors nervous as Britons vote in a snap general election.

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ECB Hints at End to Easy Money Policy

The European Central Bank on Thursday signalled greater confidence in the eurozone economy, as it took what analysts describe as a tentative step towards an exit from its easy-money policy.

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S&P Cuts Qatar's Credit Rating One Notch to AA-

S&P Global Ratings on Wednesday cut Qatar's credit rating by one notch to AA- and put it on watch for further downgrades after Gulf Arab states severed ties.

"We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics," the ratings agency said.

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