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OPEC+ agrees to ‘keep its powder dry’
OPEC+, the alliance of oil producers led by Saudi Arabia and Russia, agreed to keep in place most of the production curbs that have been credited with the recent surge in the price of crude on global markets.
After a virtual meeting of…
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Lufthansa posts record annual loss
German flag carrier Lufthansa said Thursday it lost a record €6.7 billion ($8.1 billion) in 2020, as the coronavirus pandemic wiped out demand for travel and left aircraft grounded.
Europe’s biggest airline said it expects to book an…
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Netherlands postpones trade mission to Qatar due to ‘concerns about conditions of migrant…
The Dutch government postponed a hypothetical trade mission to Qatar this month, citing "concerns about the living conditions of migrant workers" who participate in the construction of the World Cup soccer tournament facilities.
The…
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SoftBank says deal reached with WeWork founder, directors
SoftBank Group Corp. has reached a settlement in a US legal dispute with directors of office space-sharing venture WeWork Inc. and its founder Adam Neumann, the Japanese technology company said Saturday.
The terms of the settlement in…
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IMF urges Tunisia to cut wage bill and energy subsidies
The International Monetary Fund urged Tunisia on Friday to cut its wage bill and limit energy subsidies to reduce a fiscal deficit, putting more pressure on the fragile government amid a severe financial and political crisis.
With the…
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The highest level of the sterling in 3 years
The British pound crossed the symbolic threshold of $ 1.40 on Friday, driven since the start of the year by a rapid vaccination campaign in the United Kingdom and by the year-end trade deal between Britain and the European Union.
At…
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The moment of demolition of the “Trump Plaza” hotel and casino in Atlantic City …
The hotel and casino of former US President Donald Trump were demolished in the city of "Atlantic City" in the state of New Jersey, today, Wednesday.
The Trump Hotel and Trump Plaza Casino, where movie stars, athletes and rock stars used…
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A bank mistakenly transfers $ 900 million to its customers and is not entitled to recover them
A US District Court judge ruled that Citibank was not entitled to recover nearly half a billion dollars that it had mistakenly sent to the lenders of the cosmetic company, Revlon, in what was known as “one of the biggest blunders in banking…
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Bitcoin breaks the $ 50,000 mark for the first time, at its highest price ever
Reuters reported today, Tuesday, that the digital currency, Bitcoin, has breached the $ 50,000 barrier for the first time, at its highest price ever.
This comes after Bitcoin recorded, this morning, a historical level, as it rose above…
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Dollar in doldrums as recovery optimism thrives
The US dollar fell to a three-week low on Tuesday, sterling hit an almost three-year high and commodity currencies rose as vaccination progress added to investors’ recovery hopes.
The buoyant mood, and a sell-off in US Treasuries, also…
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