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Russia Says Suez Jam Shows Arctic Route Should be Developed

The Suez Canal jam has highlighted the importance of further developing Russia's Arctic shipping route, which is increasingly accessible due to climate change, a senior Russian diplomat said on Friday.

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Maritime Trade to Slow Down after Ship Blocks Suez Canal

Maritime trade will slow down for days after a giant container ship got stuck sideways in the Suez Canal, causing a bottleneck in one of the world's busiest shipping routes.

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Yellen Defends IMF Reserve Increase aimed at Poor Nations

U.S. Treasury Secretary Janet Yellen on Wednesday defended the IMF's move to boost its reserve offerings, calling the increased aid a "joint effort" to help the poorest nations hit by Covid-19.

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Global Markets Fall again as Covid Crisis Festers

Stock markets fell further Wednesday, as investors dumped risky shares on concerns that Europe's worsening coronavirus crisis could derail economic recovery, dealers said.

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Eurozone Economy Returns to Growth as Germany Revs Up

The eurozone economy returned to growth for the first time in six months in March, a closely watched survey said Wednesday, as coronavirus lockdowns had little effect on manufacturing, especially in Germany.

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Asian Markets Drop as Inflation Spectre Hangs

Asian markets fell Tuesday as investors extended recent sell-offs owing to long-running fears that the expected global recovery will force central banks to wind down their easy-money programmes earlier than hoped.

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Liberia to Print New Banknotes after Longstanding Shortages

Liberia has approved a scheme to print new banknotes, according to an AFP journalist, in a bid to address long-running cash shortages in the poor West African nation.

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Debt-Averse Germany to Take on Billions in New Borrowings

The German government will borrow a record 240 billion euros in 2021 and break its taboo on taking on new debt again in 2022, ministry sources said Monday, as Berlin looks to soften the economic blow of the pandemic.

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Sweden Airports to Charge High-Polluting Planes More

Sweden is planning to introduce a bonus-malus scheme at its two main airports in relation to the amount of greenhouse gas emissions that aircraft produce, the government announced Monday.

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Turkish Lira, Stocks Sink after Erdogan Fires Top Banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdogan's abrupt dismissal of his reformist central bank chief.

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