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Lufthansa cancels nearly 900 flights over pilot strike

Germany`s flagship carrier Lufthansa said it would cancel nearly 900 flights on Wednesday because of a strike by pilots, causing travel disruptions for tens of thousands of passengers in the latest escalation of a long-simmering pay dispute.

Britain lost $1.5 trillion in household wealth since Brexit vote: Study Britain lost $1.5 trillion in household wealth since Brexit vote: Study

Britain lost $1.5 trillion (1.4 trillion euros) in household wealth in 2016, a blow caused by the pound’s free-fall after the Brexit vote, Switzerland’s second largest bank Credit Suisse said Tuesday. 

Nasdaq hits record intraday high as Wall Street soars with oil prices Nasdaq hits record intraday high as Wall Street soars with oil prices

Wall Street rose on Monday morning, with the Nasdaq hitting a record intraday high, helped by a jump in technology shares and as higher oil prices boosted energy stocks.

Citi and JPMorgan top list of globally systemic banks, replaces HSBC Citi and JPMorgan top list of globally systemic banks, replaces HSBC

Citi has joined JPMorgan at the top of global regulators` list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.

Weak US dollar pushes oil at three-week high ahead of OPEC meeting Weak US dollar pushes oil at three-week high ahead of OPEC meeting

Oil prices rose on Monday to their highest in three weeks, catching a lift from a weaker U.S. dollar and from cautious money managers, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week.

British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas

Prime Minister Theresa May will unveil her new industrial strategy on Monday, pledging to spend billions of pounds on science, technology and research to spur a new "ambitious" way of doing business in Britain.

Chinese President pushes China-backed trade deals to fill US void

Chinese President Xi Jinping urged Asia-Pacific leaders on Saturday to get on board with Beijing-backed free trade agreements, after Donald Trump's election win spelled the likely demise of a US-backed deal.

Dollar strongest in 13 years; bond yields rise

The US dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a selloff that left yields at their highest levels of the year.

Donald Trump says he kept Ford from relocating plant to Mexico

Ford confirmed on Friday that it will keep production of one SUV model in Kentucky, rather than relocating as planned, a decision US President-elect Donald Trump claimed as a personal victory.

Pakistan spent $118 billion on 'war on terror': SBP Pakistan spent $118 billion on 'war on terror': SBP

Pakistan has spent a hefty USD 118 billion since 2002 to combat terrorism which has significantly hampered growth and it is facing "serious challenges" to its economy, according to a new central bank report.

With Donald Trump win, China looks to seize Asia free trade leadership With Donald Trump win, China looks to seize Asia free trade leadership

China will position itself as free trade`s new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as a U.S.-led Pacific Rim trade pact languishes under President-elect Donald Trump.

Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

The deal, agreed with labour representatives after months of tortuous negotiations, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, VW brand chief Herbert Diess announced.

Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

The dollar sprinted to a more than 13-1/2 year high against a basket of major currencies on Friday and U.S. debt yields hit near one-year highs on expectations that President-elect Donald Trump`s policies will boost the US economy.

Oil prices decline on strong US dollar

Oil prices declined as strong US dollar offset market`s optimism over an oil output freeze deal.

US dollar rises against major currencies

The US dollar increased against other major currencies as Federal Reserve Chair Janet Yellen said the central bank is close to raising interest rates recently.

Argentina loses 127,000 jobs in recession: Government

Nearly 130,000 people lost their jobs in recession-hit Argentina from January to September this year, the government said on Thursday.

Donald Trump's victory in US presidential election raises global uncertainties: Fitch

Donald Trump's victory in the US presidential election has created uncertainty for many other sovereigns as the reaction in financial and commodity markets could also affect countries outside the United States, Fitch Ratings said on Thursday.

Rate hike likely appropriate 'relatively soon': Janet Yellen Rate hike likely appropriate 'relatively soon': Janet Yellen

Federal Reserve Chair Janet Yellen said Thursday an interest rate increase likely will be appropriate "relatively soon" as long as there is further evidence of progress in the economy.

Russia moves to block professional networking site LinkedIn Russia moves to block professional networking site LinkedIn

Russia's state communications watchdog said on Thursaday it had ordered internet providers to block the LinkedIn professional networking site after a court ruled it was breaching a law on storing users' data.

China gets $98 billion FDI in ten months

FDI in China rose 4.2 percent year on year to reach around USD 98 billion in the first ten months of the year with service sector attracting massive investments, unlike manufacturing which suffered over capacity, official data said on Thursday.