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Q&A: What to Expect from Trial of Ghosn's ex-Aide Kelly

The criminal trial against Japanese automaker Nissan and its former executive Greg Kelly will open in Tokyo District Court on Tuesday. It's the latest chapter in the unfolding scandal of Carlos Ghosn, a superstar at Nissan Motor Co. until he and Kelly were arrested in late 2018.

Five questions and answers about the trial:

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Carlos Ghosn's ex-Aide Kelly Goes on Trial

The lengthy saga of ex-Nissan chief Carlos Ghosn takes a new turn next week when the auto titan-turned-fugitive's former assistant Greg Kelly goes on trial in Tokyo.

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UK Virus-hit Economy Continues to Recover in July

The British economy continued to recover in July, expanding by 6.6 percent, a slower pace of growth than in June when the country emerged from its virus lockdown, official data showed on Friday.

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German Finance Minister in Hot Seat over Scandals

German Finance Minister Olaf Scholz was grilled by lawmakers Wednesday as he faced growing pressure over his role in two financial scandals that have shaken the country.

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IMF Chief Warns Global Economic Crisis 'Far from Over'

The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is "unlikely" without a vaccine, IMF chief Kristalina Georgieva said Wednesday.

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Stocks Rise but LVMH Tiff Takes Tiffany Down

U.S. and European markets rose Wednesday, brushing aside falls in Asia and an overnight rout on Wall Street -- but U.S. jeweler Tiffany slumped on news its buyout by France's LVMH was off.

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General Electric to Restructure European Units

U.S. conglomerate General Electric said Wednesday it would restructure two European divisions that were the source of "large financial losses."

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Crisis-Hit Lebanon Launches Central Bank Audit

Lebanon on Wednesday launched a forensic audit of the central bank, in line with a long-standing request of donors, an outgoing minister said, as the country suffers its worst economic crisis in decades.

"Today the first phase of the forensic audit started," caretaker Finance Minister Ghazi Wazni said in a statement.

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European Stock Markets Climb despite Rout Elsewhere

Europe's main stock markets climbed Wednesday, brushing aside falls in Asia and an overnight rout on Wall Street.

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French Economy to Bounce Back as Lockdown Lifted

France's economy, which like those of other countries was pushed into a bruising recession by the coronavirus, will bounce back now that lockdown measures are lifted but will still contract over the year as a whole, official data showed Tuesday.

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