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UAE non-oil economy picks up amid job market stagnation

Dubai's biggest bank Emirates NBD said Tuesday that non-oil private sector of the United Arab Emirates (UAE), which saw in May its weakest improvement in six months, regained momentum in June though prospects in labour market remained bleak.

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BOK to take action to cope with foreign monetary policy changes

ThechiefofSouthKorea'scentralbankvowedTuesdaytotake"appropriate"stepsamidsignsthatmajoreconomiescouldchangetheirmonetarypoliciesgoingforward.Lastmonth,theU.S.Fe

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Key US inflation measure declines in May

The Federal Reserve's preferred measure of inflation retreated in May, casting further doubt on the chances for another interest rate increase this year, according to Commerce Department data released Friday.

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Key US inflation measure declines in May

TheFederalReserve'spreferredmeasureofinflationretreatedinMay,castingfurtherdoubtonthechancesforanotherinterestrateincreasethisyear,accordingtoCommerceDepartment

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Honda halts Japan car plant after WannaCry virus hits computer network

HondaMotorCo(7267.T)saidonWednesdayithaltedproductionatadomesticvehicleplantforadaythisweekafterfindingtheWannaCryransomwarethatstruckgloballylastmonthinitscomp

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Taiwan export orders up 9.1 pct in May

Taiwan's export orders saw year-on-year growth of 9.1 percent in May, on the back of global economic recovery and strong orders demand for electronic devices, according to data released by the island's economic authority Tuesday.

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Australia introduces illegal gun amnesty after Islamist-inspired attacks

AustraliasaidonFridayitwouldintroduceathree-monthnationalgunamnesty,thefirstinmorethan20years,inabidtoreducethenumberofillegalfirearmswhichhavebeenusedinrecentI

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Euro zone industry output rises, employment hits record high

Euro zone industrial output grew in April and employment rose in the first quarter of the year to reach a record high, data released on Wednesday showed, in fresh signs of healthy growth of the bloc's economy.

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

TheFederalReserveraisedinterestratesonWednesdayforthesecondtimeinthreemonthsandsaiditwouldbegincuttingitsholdingsofbondsandothersecuritiesthisyear,signalingitsc

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Euro zone industry output rises, employment hits record high

EurozoneindustrialoutputgrewinAprilandemploymentroseinthefirstquarteroftheyeartoreacharecordhigh,datareleasedonWednesdayshowed,infreshsignsofhealthygrowthoftheb

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Manchester attack planned for months, Libya says

The suicide bombing in Manchester last month that killed at least 22 people was being planned since December, BBC reported citing security officials in Libya.

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China home prices cool on tough controls: report

China's once-sizzling property market is cooling as home prices faltered in big cities, including Beijing, in May on the back of tightened policy controls.

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Maria Sharapova confirms she will miss Wimbledon due to injury

MariaSharapovawillmissWimbledonnextmonthbecauseofathighinjury.TheRussianpostedastatementonherFacebookpageonSaturdaynightsayingthatshehadnotrecoveredfromtheinjur

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China's Caixin service PMI rises to four-month high

China'sserviceactivityexpandedatthefastestpaceinfourmonthsinMay,aprivatesurveyshowedMonday.TheCaixinGeneralServicesPurchasingManagers'Index(PMI)roseto52.8inMay,

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Hundreds of poor fed every day during Ramzan in India' Delhi

ByAPDwriterRishikaChauhanNEWDELHI,June4(APD)-Around500peoplearefedeverydayatDelhi’siconicJamaMasjid,accordingtoarecentreport.ManygoodSamaritanshavecometogethert

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Eurozone inflation dips to 5-month low in May

The inflation across 19-country Eurozone was expected to plunge from April's 1.9 percent to five-month low at 1.4 percent in May, official data showed Wednesday, piling pressure on the bloc's policy makers who have struggled to raise prices via massive stimulus measures.

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Eurozone inflation dips to 5-month low in May

Theinflationacross19-countryEurozonewasexpectedtoplungefromApril's1.9percenttofive-monthlowat1.4percentinMay,officialdatashowedWednesday,pilingpressureonthebloc