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Global Stock Markets Mixed after Wall St Hits Another Record

Global stock markets were mixed Friday as investors waited to see whether U.S. hiring in August was weak enough to persuade the Federal Reserve to postpone the winding down of economic stimulus.

Tokyo advanced after Wall Street hit its second record this week. Shanghai and Hong Kong declined.

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China's Alibaba Promises $15.5B for Development Initiatives

E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party's political initiatives.

Alibaba said it will invest in 10 projects for job creation, "care for vulnerable groups" and technology innovation. Its 100 billion yuan ($15.5 billion) pledge includes 20 billion yuan ($12.5 billion) for a fund to "cut income inequality" in the company's home province of Zhejiang, south of Shanghai.

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German Carmakers Reject Environmental Groups' Climate Demand

German automaker Daimler on Friday dismissed a "cease and desist" demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.

Lawyers for Greenpeace and the group Deutsche Umwelthilfe have threatened to sue Daimler, BMW and Volkswagen unless they sign a legal pledge not to put new gas-fueled vehicles onto the market from the end of this decade.

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Sri Lanka Imposes Price Controls to Tackle Food Shortages

Sri Lanka imposed price controls on key foods Friday as the government stepped up the use of emergency powers to counter shortages.

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Global Stocks Higher Ahead of U.S. Report on August Employment

Global stocks rose Thursday after soft U.S. jobs surveys fueled optimism the Federal Reserve might feel less pressure to wind down stimulus.

Markets in Shanghai, Tokyo and Frankfurt rose while London opened little changed.

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U.S. Aiming New Lawsuit at Google over Ads

U.S. officials are preparing a new antitrust lawsuit against Google over its power in the online advertising market,  Bloomberg reported Wednesday.

Bloomberg cited an unnamed person familiar with the matter as saying the Justice Department could file the litigation by the end of the year.

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Afghanistan: UK Regulator Warns of Financial Crime Risks

Britain's financial watchdog has urged banks to be vigilant about the risk of being used for criminal operations such as terrorist financing or money laundering in Afghanistan following the Taliban takeover.

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Yemeni Workers in Saudi at Risk of Forced Returns, HRW Warns

Human Rights Watch has called on Saudi Arabia to stop laying off Yemeni employees, warning that this could force them to return to the humanitarian crisis in the war-torn country.

Yemen has been embroiled in conflict between the government, which is backed by a Saudi-led military coalition, and the Iran-allied Huthi rebels since 2014, creating what the United Nations calls the world's worst humanitarian crisis.

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Global Stocks Follow Wall St. Higher amid Virus Uncertainty

Global stock markets mostly rose Wednesday as investors weighed the economic impact of the spread of the coronavirus's delta variant.

Markets in London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced.

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Italy Braces for Train Track Protests against COVID Passes

The Italian government vowed to crack down on demonstrators threatening to block train tracks throughout the country on Wednesday as a rule requiring COVID-19 tests or vaccines takes effect for long-distance domestic public transport.

In a bid to rein in transmission of infections now that many have returned from summer holidays, domestic travelers in Italy must now show a so-called "Green Pass." This certifies that they have received at least one dose of the vaccine more than 15 days ago, have tested negative in the past 48 hours or have recovered from COVID-19 in the past six months.

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