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Project Lebanon Launches Its 21st Edition at BIEL

Hakim: Initiatives like Project Lebanon contribute to the launch of new projects, boost export and investment, and thus put the economic wheel in motion.

Aoun: 21 years of success with the participation of 450 companies from 20 countries.

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Recession Warning as UK Marks one Month to EU Vote

Britain could be plunged into a year-long recession and lose hundreds of thousands of jobs if it left the European Union, the government said Monday, in a warning dismissed as "biased" one month before an in-out referendum.

Speaking at a hardware store, Prime Minister David Cameron said Britain risked sparking a "do-it-yourself recession" by voting to leave the bloc on June 23.

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Oil Prices Dip after Iran Says it Won't Freeze Output

Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major producers.

The Organization of the Petroleum Exporting Countries -- of which Iran is a member -- is due to meet in Vienna on June 2, after talks in Doha in April involving OPEC members and other major producers such as Russia failed to reach a deal to cap production.

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Abu Dhabi's ADNOC Cutting Thousands of Jobs

Abu Dhabi's oil giant ADNOC is cutting thousands of jobs as it vies to cut costs to cope with a sharp drop in oil revenues, industry sources said Sunday.

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Greece to Adopt More Cuts, Tax Hikes for Bailout Cash

Greece on Sunday was set to adopt fresh cuts and tax hikes ahead of a Eurogroup meeting that is expected to unlock desperately-needed bailout funds for the debt-ridden nation.

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G7 Warns Against Manipulating Currencies, amid Policy Split

G7 ministers warned Saturday against members manipulating their currencies, coming down against host Japan whose plans to tame the resurgent yen ignited a policy split in the club of rich nations.

The Group of Seven finance ministers and central bank governors also warned of the risks from a "shock" to the world economy if Britain votes to leave the European Union next month.

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U.S. Presses Japan on Forex Market Intervention Threat

U.S. Treasury Secretary Jacob Lew kept up the pressure on Japan Saturday not to devalue its currency after repeated threats by Tokyo to intervene in forex markets to tame a resurgent yen.

The warning came in talks on the sidelines of a G7 meeting where Japan's actions have set it on a collision course with its counterparts, including the United States and Germany, which have ruled out such moves.

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Brazil Deficit much Worse than Thought, Says Minister

Brazil's projected budget deficit for this year will be nearly twice as big as forecast when Dilma Rousseff was president, the new finance minister said Friday.

Rousseff's government vastly overestimated tax revenues from an economy in deep recession, minister Henrique Meirelles told a press conference.

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Paris Luxury Shops to Open on Sunday

Tourists flocking to the French capital will now be able shop at luxury shops that line the Champs Elysees and the Place Vendome on Sundays as a key government reform comes into effect.

An agreement between luxury shops and employee unions on Sunday hours has come into force, said Sylvie Zawadzki, who heads up tax and social issues at the French Fashion Federation.

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Plane Crash Prolongs Egypt's Economic Misery

Egypt's latest air disaster is another crushing blow to a country whose tourism-dependent economy is struggling to recover from years of jihadist attacks and political turmoil, analysts said.

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