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State-owned firms inflate revenue by 29 billion US dollars

China'sgovernmentauditorsaidthat18of20auditedstate-ownedenterprises(SOEs)haveinflatedrevenueby200billionyuan(29billionUSdollars)andprofitsby20.3billionyuan(3bil

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Italy act to bail out two more banks

Italy'governmentisrescuingtwobanksfacingbankruptcybypayingupto17billioneuros(19billionUSdollars)."Thetotalresourcesmobilizedcouldreachamaximumof17billioneuros–b

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Great Barrier Reef a $42 billion asset 'too big to fail': study

Australia'sunder-pressureGreatBarrierReefisanassetworthAus$56billion(US$42billion)andasanecosystemandeconomicdriveris"toobigtofail",astudysaidMonday.TheWorldHer

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Hong Kong: Visitors spend 60% of travel budget on purchases

Speaking of Hong Kong, what comes to your mind first? We asked people randomly on street, many said "Shopping!"

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Hong Kong: Visitors spend 60% of travel budget on purchases

SpeakingofHongKong,whatcomestoyourmindfirst?Weaskedpeoplerandomlyonstreet,manysaid"Shopping!"Yes,thisisHongKong,whereyoucomeandspendmoney.Youwon’tbeleavingwitho

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Australian engineer develops drone capable of planting 1 bln trees year

AnAustralianengineerhasrevealedaplantocombatdeforestationbyusingdronestoplantonebilliontreeseveryyear.SusanGraham,anAustralianengineer,revealedonSundaythatsheha

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UK nuclear plant to cost consumers 'billions more'

AhighlycontroversialUKgovernmentdealforthenewHinkleyPointnuclearpowerplantwillcostBritishenergyconsumersbillionsmorepoundsthanforecast,thecountry'sNationalAudit

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Toshiba stock listing status downgraded, deeper losses flagged

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

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Toshiba stock listing status downgraded, deeper losses flagged

Crisis-wrackedToshibaCorpsufferedfurtherindignitiesonFriday,estimatingbiggerlossesforthepastfinancialyearandgettingdemotedtothesecondsectionoftheTokyoStockExcha

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UN says world population to reach 9.8 bln in 2050

Theworld'scurrentpopulationof7.6billionwillballoonto9.8billionin2050,withIndia'snumberstosurpassChina'sinjustsevenyears,aUNreportsaidonWednesday.Nigeriawillover

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Fed raises rates, unveils balance sheet cuts in sign of confidence

TheFederalReserveraisedinterestratesonWednesdayforthesecondtimeinthreemonthsandsaiditwouldbegincuttingitsholdingsofbondsandothersecuritiesthisyear,signalingitsc

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China Focus: Chinese crave crayfish on summer nights

Glistening and boiled bright red, stacks of spiced crayfish can be found spread across tables on summer nights in major Chinese cities.

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Alibaba becomes Asia's most valuable company, surpassing Tencent

Chinesee-commercegiantAlibabahassurpasseditsmaindomesticrivalTencenttobecomethemostvaluablecompanyinAsia.Alibaba’ssharepricebounced13percenttoarecordUS$142.30on

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Canada plans 73% military spending boost addressing US pressure

CanadaonWednesdayunveiledplansforoneofthebiggesthikesinmilitaryspendinginitsrecenthistory,actinglessthantwoweeksafterUSPresidentDonaldTrumpdemandedthatNATOmembe

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An overview of China-EU business and trade relations

ChinesePremierLiKeqiangvisitedEuropethisweektoboostbilateraltieswithaparticularemphasisonbusinessrelations.TheEUisChina'sbiggesttradingpartner,whileChinaisthebl

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Indian tycoon tries to soothe RelComm investor fears

IndianbillionaireAnilAmbaniinsistedFridaythatdebt-saddledRelianceCommunicationshadabrightfutureashemovedtoreassureinvestorswhoareworriedthatthetelecomscompanyis

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Don't sleep on Microsoft. Stock is quietly soaring

2017isclearlytheyearofBigTech.AmazonandGoogleownerAlphabet'sstocksaretradingatrecords.Amazonbrieflytoppedthe$1,000markTuesdayandAlphabetisflirtingwithit.Apple,N