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South Korea says ‘comfort women’ deal with Japan is flawed

Jung Yeon-Je | AFP | Getty Images A statue of a ‘comfort woman’ is displayed in an installation of empty chairs set up in central Seoul to commemorate the death of eight former sex slaves. South Korean President Moon Jae-in said on Thursday that a 2015 agreement with Japan over …

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Explosion injures 4 at Russian supermarket: Report

Anton Vaganov | Reuters An Emergency Ministry member and a policeman are seen outside a supermarket after an explosion in St Petersburg, Russia, December 27, 2017. Russian news reports say at least four people have been injured by an explosion at a supermarket in St. Petersburg. Russian news agencies quoted …

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Barclays expects $1.3 billion writedown from US tax reform

Justin Solomon | CNBC Jes Staley, CEO of Barclays, is being investigated for his conduct in a whistle blowing incident in 2016. Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank …

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Tokyo-bound ANA flight turns back to LAX

Toshifumi Kitamura | AFP | Getty Images A child watches All Nippon Airways (ANA) jetliners on the tarmac at Haneda international airport in Tokyo. A flight from Los Angeles to Tokyo turned back on Tuesday because of an apparent mix-up involving an unauthorized passenger on board — while a famous …

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Mexico’s peso falls again despite currency hedge auctions

Susana Gonzalez | Bloomberg | Getty Images Mexican one thousand pesos bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico. Mexico’s central bank sold an additional $500 million in foreign exchange hedges on Tuesday to support the peso amid uncertainty over the economic …

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US says it negotiated $285 million cut in United Nations budget

Brendan McDermid | Reuters United States ambassador to the United Nations Nikki Haley addresses the U.N. Security Council, December 8, 2017. The U.S. government says it has negotiated a significant cut in the United Nations budget. The U.S. Mission to the United Nations said on Sunday that the U.N.’s 2018-2019 …

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US sanctions 2 top North Korean ballistic missile officials

KCNA | Reuters North Korean leader Kim Jong Un reacts with Ri Pyong Chol (L), in this undated photo released by North Korea’s Korean Central News Agency (KCNA) on May 15, 2017. The United States on Tuesday sanctioned two top North Korean officials involved in the rogue state’s ballistic missile …

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Oil prices are spiking to mid-2015 highs after a Libyan pipeline blast

Oil prices surged to more than 2½-year highs Tuesday on reports that a pipeline explosion in Libya has disrupted a big chunk of the country’s crude supply. International benchmark Brent crude rose $1.50, or 2.3 percent, to $66.75, after hitting an intraday peak of $66.89, its highest level since May …

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US regulator proposes scaling back offshore drilling safety rules: Report

Gary Tramontina | Corbis | Getty Images In about 8,000 feet of water, Shell’s Perdido offshore drilling and production platform is the world’s deepest offshore rig. A U.S. regulator has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill, which would reduce the role …

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Fiat Chrysler to recall 1.8 million trucks to fix shifter issue

Saul Loeb | AFP | Getty Images The Dodge Ram pickup truck display during the 2017 North American International Auto Show in Detroit, Michigan, January 10, 2017. Fiat Chrysler Automobiles’ U.S. unit said on Friday it would recall about 1.8 million trucks in the United States, Canada, Mexico and some …

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