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UK in Talks with Chinese Rail Firm over High-Speed Line

The British government is in "preliminary discussions" with the part state-owned China Railway Construction Corporation (CRCC) to help build the controversial HS2 high-speed link, according to the Department of Transport.

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Blame Game over 830-Million-Euro Settlement in VW's German Diesel Cases

Consumer representatives and car giant Volkswagen each blamed the other Friday for a breakdown in talks over a settlement for 400,000 German customers in the firm's "dieselgate" emissions cheating scandal.

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Global Defense Spending Makes Biggest Jump in 10 Years

Global spending on defense rose by four percent in 2019, the largest growth in 10 years, led by big increases from the U.S. and China, a study said Friday.

Beijing's military modernization program -- which includes developing new hard-to-detect hypersonic missiles -- is alarming Washington and helping drive U.S. defense spending, the International Institute for Strategic Studies (IISS) said.

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Fiscal Stimulus Likely after UK Finance Minister Quits

Finance minister Sajid Javid's resignation on Thursday, just a month before he was to deliver Britain's annual budget statement, took the business community by surprise.

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Huawei Hit with New U.S. Charges of Trade Secrets Theft

Huawei was hit Thursday with new U.S. criminal charges alleging the Chinese tech giant engaged in a "decades-long" effort to steal trade secrets from American companies.

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Economic Crisis Complicates Sex Lives of Young Venezuelans

Short on dollars, John and Amanda sneak back to their parents' homes when they want an intimate moment, while Carlos goes into sexual hibernation during financially lean months. Oriana, on the other hand, buys her contraceptives on the black market for a small fortune.

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Not (Trade) Fair: Industry Gatherings Fall Victim to Coronavirus

Cancel, delay or go ahead: the organizers of industry events are faced with a difficult choice as international gatherings of thousands or even of tens of thousands of people pose a risk of spreading the COVID-19 virus.

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U.S. Annual Inflation Pace Accelerates in January

Surging fuel and medical costs ramped up the annual inflation rate Americans faced in January to its highest in more than a year, the government reported Thursday.

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Pound Hit as UK Finance Minister Quits

The pound briefly retreated Thursday after UK finance minister Sajid Javid sensationally quit Prime Minister Boris Johnson's government, dealers said.

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Airbus Reports 2019 Net Loss of 1.36 bn Euros

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft.

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