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Saturated Lisbon Airport Puts Portugal Tourism Boom at Risk

A record number of passengers using Lisbon's airport is proving a bittersweet achievement as daily delays and a lack of space to park planes threatens to strangle the goose laying golden eggs for Portugal's economy.

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Cheese Squeeze: Japan Cheesemakers Fret over EU Trade Deal

It was three decades ago, but Kazuhiko Ochiai still remembers his first taste of cheese when he visited France, a palate pleaser that inspired the former researcher to start producing his own variety in Japan.

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Sudan Sharply Devalues Currency as Economic Crisis Bites

Sudan slashed the official value of its currency against the U.S. dollar by more than half on Sunday, the third devaluation this year in the face of a mounting economic crisis.

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IMF Calls for More Action in Pakistan, But No Word on Bailout

The International Monetary Fund has called on Pakistan’s new government to act fast to stabilise its teetering economy, warning growth will likely slow and inflation rise, but made no mention of a new bailout deal.

Former cricketer Imran Khan’s new administration had vowed to decide by the end of September if it would seek an IMF bailout to shore up the economy as it faces a balance-of-payments crisis and dwindling reserves.

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Pressure on Duterte as Philippine Inflation Jumps

Philippine inflation jumped to an almost 10-year high in September, data showed Friday, putting pressure on President Rodrigo Duterte to act as the cost of food and fuel hit the country's poor in the pocket.

Consumer prices have risen every month this year, with food surging further after Typhoon Mangkhut, the world's most powerful storm in 2018, smashed into the country's northern agricultural heartland in mid-September.

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German Industrial Orders Bounce Back in August

New orders for German industrial firms booked a strong rebound in August from a slip in July, official data showed Friday, brightening the outlook for the second half of the year.

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EgyptAir Stands by 'Surreal' Drew Barrymore Interview

EgyptAir stood by its story Thursday after U.S. actress Drew Barrymore's spokesperson denied she took part in an interview with the airline's in-flight magazine that went viral over its bizarre content.

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IMF Chief Urges 'Revamp' of Japan Economic Policy

The head of the IMF Thursday called for an overhaul of Japan's economic policy, as the world's third-biggest economy battles stubborn low inflation, sluggish growth and a rapidly aging population.

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Danske Bank Says U.S. Probing Money Laundering Claims

Danske Bank said Thursday it was being investigated by the U.S. Department of Justice over possible money laundering related to more than $200 billion transferred through the Danish lender's Estonian branch. 

Denmark's largest lender is at the center of a storm of controversy and several inquiries after it said "a large part" of transactions totaling 200 billion euros ($235 billion) at its Estonian branch between 2007 and 2015 were "suspicious."

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What Keeps U.S. Federal Reserve Chief Up at Night? Everything

Is inflation about to rise? Are interest rates too high? Or too low? Are economic risks lurking? These are the fears that keep U.S. Federal Reserve Chairman Jerome Powell from getting a good night's sleep.

While he was generally upbeat about the U.S. economy, predicting that the good news could continue "effectively indefinitely," when asked what keeps him up at night, Powell said, "Basically everything."

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