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Turkey Unemployment Highest in Half Decade

Turkey's unemployment rate in October was the highest since 2010, the statistical authorities said Monday, the latest in a slew of bleak indicators for the economy.

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Robot Arms Replace Factory Hands

Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the U.S. aren't saying much by way of celebration -- industrial robots don't tend to speak.

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Spain's Felipe in Saudi as Warship Sale Mooted

Spain's King Felipe VI is to meet Sunday with Saudi King Salman, local media said, during an official visit coinciding with talks to sell Spanish warships.

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Trudeau Says Canada's Oil Sands Must be Phased Out

Canada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday.

"We can't shut down the oil sands tomorrow. We need to phase them out," he said. "We need to manage the transition off our dependence on fossil fuels."

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Moody's Reaches $864 mn Settlement over Subprime Ratings

Ratings agency Moody's has agreed to pay nearly $864 million in a settlement with the US authorities over its inflated ratings of risky mortgage securities that contributed to prompting the 2008 global financial crisis, the Justice Department said Friday.

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Black Lady Liberty to Grace US Coin

The United States is set to issue a commemorative $100 gold coin that depicts Lady Liberty -- a national symbol generally portrayed as a white woman -- as an African American for the first time.

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India's SpiceJet Buys Up to 205 Boeing Jets Worth $22bn

Indian low-cost airline SpiceJet said Friday it would buy up to 205 Boeing planes worth $22 billion as it seeks to increase its share of the world's fastest-growing passenger aviation market.

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Germany Calls on ECB to Wind Down Economic Stimulus

The European Central Bank should begin winding down its expansive monetary policy in 2017 as inflation returns in the eurozone, German Finance Minister Wolfgang Schaeuble said in an interview Friday.

"It would probably be right if the ECB starts daring to head for the exit this year," Schaeuble told the Sueddeutsche Zeitung newspaper -- although he acknowledged it would be a "difficult task".

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As Talks Loom, 'Hard Brexit' Option Raises Fear of Tariffs

That's the sort of question that will matter to Britain if it leaves the European Union's tariff-free single market and ends up operating under rules overseen by the World Trade Organization.

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Australia Toughens Rules on Politicians' Expenses after Scandal

Australia toughened oversight of politicians' expenses on Friday after a senior minister quit over the purchase of a luxury flat during a taxpayer-funded trip. 

Public outrage has been building over revelations Health Minister Sussan Ley bought a Aus$795,000 (US$595,000) apartment on the glitzy Gold Coast during an official work trip -- which she claimed was an impulse buy.

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