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China draws up plans for national cybersecurity park

Chinaplannedaworld-classnationalcybersecurityindustrialparktocultivatea100billionyuan(15billionUSdollars)cybersecurityindustryinBeijingby2020.Thenational-leveli

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China to build national cybersecurity industrial park

Chinawillestablishaworld-classnationalcybersecurityindustrialparktocultivatea100billionyuan(15billionU.S.dollars)cybersecurityindustryinBeijingby2020.Theindustr

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China's Xiaomi seeks bank pitches for 2018 IPO - sources

ChinesesmartphonemakerXiaomiInchasaskedbankstopitchnextFridayforaninitialpublicofferingin2018,peoplefamiliarwiththeplantoldReuters.Xiaomiwasvaluedat$46billionin

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Saudi has completed main wave of arrests in anti-graft purge: minister

SaudiArabiahascompletedthemainwaveofarrestsinitssweepingcrackdownoncorruptionandispreparingtochannelbillionsofdollarsofseizedfundsintoeconomicdevelopmentproject

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One-billion-tonne conglomerate oil field discovered in China's Xinjiang

AnoilcompanyannouncedThursdaythatithadfoundaconglomerateoilfieldwithanestimatedone-billion-tonnereserveintheJunggarBasininXinjiangUygurAutonomousRegion.Theoilfi

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China to have over 60,000 film screens by 2020: SAPPRFT

Chinaisexpectedtohaveover60,000cinemascreensby2020,makingittheworld'slargestfilmmarket,accordingtoanofficialfromtheStateAdministrationofPress,Publication,Radio,

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Jeff Bezos is now worth $100 billion

Ifyou'reoneofthemillionsshoppingonAmazononBlackFriday,congratulations:YouhelpedmakeJeffBezosa$100billionman.Bezos,thefounderandlargestshareholderofAmazon,reache

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China's box office hits US$7.5b this year

China'sboxofficeexceeded50billionyuan(7.5billionUSdollars)onMonday,makingitthefirsttimethecountryhasbrokenthe50-billionmarkinayear,accordingtotheStateAdministra

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Volkswagen accelerates push into electric cars with $40 billion spending

Volkswagenapproveda34billioneuros(40billionUSdollars)spendingplanonFridaythatacceleratesitseffortstobecomeagloballeaderinelectriccars.Theworld’slargestcarmakerb

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China faces waste hangover after Singles' Day buying binge

China’sSingles’DayonlinediscountsalesbonanzaonSaturdaysawbargain-hungrybuyersspendover$38billion,floodingthepostalandcourierbusinesseswitharound331millionpackag

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Venezuela in 'selective default', signs debt deal with Russia

VenezuelasignedadebtrestructuringdealwithmajorcreditorRussiaonWednesday,adiplomaticsourcetoldAFP,asratingsagenciesdeclaredCaracasinpartialdefault.Thecountryisse

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Junta-run Thailand grasps for more FDI

Withdemocraticelectionsonthehorizonandasupposedendtodirectmilitaryruleinsight,areforeigninvestorspreparedtocommitmorecapitaltoThailand?Coup-installedPrimeMinist

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China’s ‘new third board’ records turnover growth

China'sNationalEquitiesExchangeandQuotations(NEEQ),alsoknownasthe"newthirdboard",hasrecordedmorethan190billionyuan(about28.6billionUSdollars)ofturnoverthisyear,

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Uber strikes deal on Japanese investment for stock listing

UberTechnologiesInc.,aU.S.ride-hailinggiant,agreedSundayonaninvestmentbyJapanesetechnologyconglomerateSoftBank,whichmaymakeUbertogopublic,localmediareported.The

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China shopping festival smashes record with $25 billion haul

OnlineshopperswithAlibabasetanewSingles'Dayrecordof25.3billionUSdollarsthisyear,theChinesee-commercegiantreported.Saturday'ssalesextravaganzaregistered168.2bill

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Egypt, IMF reach agreement on $2 billion loan installment: IMF statement

Egypthasreachedastaff-levelagreementwiththeInternationalMonetaryFundforaninstallmentofabout$2billionmorefromathree-year,$12billionloanprogram,theIMFsaidinastate

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Chip boom drives Toshiba profit surge

Japan’sToshibaCorpreporteda76-percentjumpinsecond-quarteroperatingprofitonThursday,drivenalmostentirelybyastrongperformancefromitsmemorychipunitwhichitrecentlya