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IMF hikes outlook for global growth for 2017 to 3.7 percent

The International Monetary Fund upgrading its outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S. tax cuts will give the American economy a short-term boost.The IMF on Monday forecast global...

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Iraq signs rare gas deal with US firm

Iraq has signed a deal with a U.S. company to tap natural gas in one of its southern oil fields, a step toward exploiting a natural resource that has been neglected for decades.Iraq has long flared much of its natural gas, a byproduct of pumping crude...

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Angola ex-vice president misses corruption trial in Portugal

Angola's former vice president has failed to appear at a Portuguese court where he was scheduled to stand trial for corruption.Portuguese prosecutors accuse Manuel Vicente, the African country's former deputy leader and one-time head of national oil...

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French president hosts 140 world business leaders

French President Emmanuel Macron promoted his government's changes to French tax and labor laws Monday in front of 140 world business leaders in a bid to convince them to invest and hire in France.At the same time, the 40-year-old Macron, elected...

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The Latest: Trump's trip to Davos meeting appears to be on

The Latest on the World Economic Forum in Davos, Switzerland (all times local):9:00 p.m.President Donald Trump's trip to the World Economic Forum in Davos, Switzerland, appears to be on.White House spokeswoman Sarah Huckabee Sanders said Monday that...

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Trump to face mixed welcome at elite Davos gathering

In Davos this week, participants can experience "a day in the life of a refugee." Or hear about ways to uphold the Paris climate accord and promote free trade. Or rub elbows with any number of leaders of African countries.Enter Donald Trump.The World...

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Top CEOs take 4 days to earn a Bangladesh worker's life pay

A CEO from one of the world's top five global fashion brands has to work for just four days to earn what a garment worker in Bangladesh will earn in an entire lifetime, campaigning group Oxfam International said Monday.In the run-up to the World Economic...

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China defends role in trade after US criticism

China defended its role in global trade Monday and accused Washington of being disruptive after the U.S. government said it was a mistake to support Beijing's World Trade Organization membership on terms that failed to open its economy.China is "strictly...

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France's Sanofi buys US hemophilia specialist Bioverativ

France-based drugmaker Sanofi is buying U.S. hemophilia specialist Bioverativ for $11.6 billion in a deal that Sanofi says will boost its profile for fighting rare diseases.The deal announced Monday is the latest such move in a pharmaceutical industry...

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US tax reform writedown pushes Switzerland's UBS to Q4 loss

Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform.UBS said Monday it wrote down nearly 2.87 billion francs in deferred tax assets...

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