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Airbus backs Bombardier in costly trade war with Boeing

Published time: 17 Oct, 2017 09:55 The European planemaker Airbus is taking a majority stake in Bombardier’s C Series jetliner program, thus helping the Canadian company in an expensive trade dispute with the US Boeing. Read more The agreement, which would come at no cost to Airbus, would give the European company a 50.01 share in the C Series Aircraft ...

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Oil prices rising as Iraqi forces advance on Kurdish-held territory

Published time: 16 Oct, 2017 14:18 Edited time: 16 Oct, 2017 14:18 Global crude prices have hit a three-week high as the conflict between Iraqi and Kurdish forces intensifies. Iraqi troops are advancing on the city of Kirkuk, reportedly seizing the region’s oil fields. Read more West Texas Intermediate crude rose 1.6 percent to $ 52.29 per barrel, setting it ...

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Russia on track to break 40-yr Soviet record on grain harvest

Published time: 16 Oct, 2017 14:35 Russia is due to reap an all-time high grain harvest this year, breaking the Soviet era record from before the war in Afghanistan. Read more The country expects to harvest at least 128 million tons of grain by the end of the year, Petr Chekmarev from the Ministry of Agriculture told RIA Novosti. Agriculture ...

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Foreign investments in Russia on the rise, spurred by economic growth

Published time: 16 Oct, 2017 14:45 Russian economy’s revival has led to increased foreign investments in the country, said Economic Development Minister Maksim Oreshkin at a meeting of the Foreign Investment Advisory Council held by Prime Minister Dmitry Medvedev. “The volume of foreign direct investment more than doubled in the first half of the year, compared with the same period ...

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Merkel is ‘harming EU credibility’: German chancellor savaged for ‘unfortunate statement'

Omer Celik, Turkey’s EU minister, criticised the German leader for saying there would be no expansion of the customs union between Turkey and the bloc – as well as “no kind of deepening at all” in ties between the two powers. Mr Celik said: “This is an unfortunate statement. We should emphasise that no EU member should give orders to ...

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Merkel is ‘harming EU credibility’: German chancellor savaged for ‘unfortunate statement'

Omer Celik, Turkey’s EU minister, criticised the German leader for saying there would be no expansion of the customs union between Turkey and the bloc – as well as “no kind of deepening at all” in ties between the two powers. Mr Celik said: “This is an unfortunate statement. We should emphasise that no EU member should give orders to ...

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‘We are not your global tax collector’ Ireland and Brussels facing fall-out over Apple

Dublin’s finance minister Paschal Donohoe slammed the Brussels bigwigs over their decision and said Apple and the government were appealing against the ruling. He insisted Apple had not benefited from special tax rules and neither Dublin nor the company violated European or Irish law. Mr Donohoe said it was not his nation’s job and the request was not justified as ...

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Teenagers infected with rabies after gang-raping a donkey

Fifteen boys, aged seven to 15, spent a week in a Moroccan hospital after catching the highly-contagious disease from the animal.  The actual number of infected children is feared to be higher as many families took their children to be treated at hospitals outside of Sidi Al Kamel to avoid embarrassment.  Police are now appealing to anyone else who “approached” ...

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BREAKING: Portugal holiday hotspot rocked by earthquake felt as far as Lisbon

Tremors struck the popular tourist town at 7.44am local time, according to Portugal‘s Institute of the Sea and Atmosphere (IMPA). The quake, which measured 4.3 on the Richter scale, was felt in nearby towns and cities including Almada and the Portuguese capital, Lisbon. Residents took to Twitter and Facebook to report feeling the aftershocks this morning, with the shaking lasting ...

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MERKEL UNDER FIRE: Rivals attack chancellor over Germany's defence spending plans

The country’s defence budget has become a major election issue as the German Chancellor tries to win a record fourth term. Mr Schulz’s campaign is linking Ms Merkel to Donald Trump‘s calls for higher defence spending by Germany and other Nato allies. His Social Democratic Party (SPD) hopes the message will win over German voters who are critical to the outspoken US ...

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