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Mugabe misses diamond loss parliament hearing

Jekesai Njikizana | AFP | Getty Images A private security employee guards a diamond processing plant in Zimbabwe’s eastern Marange region on December 14, 2011. Former Zimbabwean President Robert Mugabe failed to attend a parliamentary hearing on Wednesday that is investigating his claim that $15 billion of the country’s diamond …

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Turkish lira hits record low, down 20 pct against dollar this year

Alkis Konstantinidis | Reuters Turkish President Tayyip Erdogan greets his supporters as he leaves a polling station in Istanbul, Turkey April 16, 2017. The Turkish lira tumbled more than 5 percent on Wednesday before recovering some ground, the latest drop in a sell-off that reflects growing investor alarm over the …

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State Dept’s 12 demands for Iran raise oil market rise, trade tension

The list calls on Iran to accept tighter restrictions on its nuclear program than those Tehran accepted after years of negotiations leading up to the 2015 accord. It also requires Iran to halt its ballistic missile program and release U.S. citizens imprisoned in the country. Half of the demands require …

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Malaysia’s Mahathir Mohamad says national debt is 65 percent of GDP

Rustam Azmi | Getty Images The Petronas Twin Towers in Kuala Lumpur, Malaysia. Malaysia’s Prime Minister Mahathir Mohamad said on Wednesday that the new government will look to cut down the country’s debt which amounts to 1 trillion ringgit, by aborting or reviewing some projects and cutting salaries of cabinet …

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Italy’s populists face setback on their new leader

FILIPPO MONTEFORTE/AFP/Getty Images Leader of the Italy’s populist Five Star Movement, Luigi Di Maio (L), shakes hands with Giuseppe Conte, who could become Italy’s next prime minister. The two anti-establishment parties looking to share power in Italy face the prospect of having their first choice for prime minister rejected. The …

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Public sector assets saw a record $2.5 trillion surge in value last year

Krisztian Bocsi | Bloomberg | Getty Images The stars of the European Union sit on banners flying outside the European Central Bank headquarters in Frankfurt, Germany, on July 20, 2017. A global economic upswing helped the value of assets at central banks, sovereign funds and public pension funds hit $38.7 …

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Talks between North and South Korea likely

Korea Summit Press | Reuters South Korean President Moon Jae-in shakes hands with North Korean leader Kim Jong Un during their meeting at the Peace House at the truce village of Panmunjom inside the demilitarized zone separating the two Koreas, South Korea, April 27, 2018. High-level talks between North and …

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China agrees to bolster purchases of US goods, in move to ‘substantially reduce’ trade gap

Jim Watson | AFP | Getty Images Chinese President Xi Jinping (R) waves to the press as he walks with U.S. President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. China and the U.S. have mutually agreed to “substantially reduce” the yawning trade imbalance …

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India and EU give WTO lists of US goods for potential tariff retaliation

Daniel Acker | Bloomberg | Getty Images Non-GMO corn is loaded into a truck during harvest in Malden, Illinois. India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump’s global tariffs on …

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Qi Lu steps down as Baidu COO; previously exec at Microsoft

Source: Scott Eklund/Red Box Pictures/Microsoft Qi Lu, in blue shirt, at a 2014 Microsoft event. Baidu on Friday said its operating chief, former Microsoft executive Qi Lu, will be stepping down in July, less than two years into his tenure there. Baidu stock was down more than 9 percent after …

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