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China to Exempt 16 Categories of US Products from Tariffs

China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month.

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The Challenges Brexit Poses to Britain's Economy

British unemployment has hit a 45-year low, official data showed Tuesday, but the economy still risks falling into a deep recession due to the turmoil created by Brexit.

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World Bank's Georgieva Poised to Become 2nd Female IMF Chief

A top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced Monday.

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New Saudi Oil Minister Endorses Production Cuts

Saudi Arabia's new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing nations prepare to deliberate fresh cuts.

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British Airways Says almost All UK Flights Cancelled over Strike

British Airways said Monday it has been forced to cancel almost all its flights from UK airports on the first day of a strike by pilots.

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Asian Markets Start on Upbeat Note after China Easing Move

Most Asian markets started Monday on a positive note to build on last week's gains after China unveiled fresh stimulus measures and below-par US jobs data reinforced expectations the Federal Reserve will cut interest rates this month.

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Crisis-Hit Nissan CEO Set to Resign as Board Meets

The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said Monday, as the firm's board meets to discuss an audit launched after former chief Carlos Ghosn's arrest over financial misconduct.

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China's Exports Fall in August as U.S. Trade War Rumbles

China's exports fell by 1.0 percent on-year in August, official data showed Sunday, amid a bruising trade war with the U.S. that has roiled markets in the world's top two economies.

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UAE Says Oil Nations to Do 'Whatever Necessary' to Balance Market

Oil producers will do "whatever necessary" to rebalance a crude market depressed by trade tensions and an uncertain global outlook, the United Arab Emirates' energy minister said Sunday.

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OPEC Kingpin Saudi Arabia Replaces Energy Minister with King's Son

Saudi Arabia's King Salman on Sunday replaced the energy minister with one of his sons, state media said, in a major shakeup as the OPEC kingpin reels from low oil prices.

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