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Vienna has dislodged Melbourne for the first time at the top of the Economist Intelligence Unit’s Global Liveability Index, strengthening the Austrian capital’s claim to being the world’s most pleasant city to live in. The two metropolises have been neck and neck in the annual survey of 140 urban centers…

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Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday. “Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean,” Maduro…

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Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports. Lopez Obrador, who will take office on Dec. 1, told reporters his government plans to invest $2.6 billion to modernize existing domestic…

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Iranian Supreme Leader Ayatollah Ali Khamenei said Monday government mismanagement has hurt Iran’s economy more than U.S. sanctions. U.S. President Donald Trump last week reimposed a set of sanctions that had been lifted as part of the 2015 nuclear deal Iran struck with world powers to limit the country’s nuclear…

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Asian and European markets were rattled by the Turkish lira’s record low of 7.24 to the dollar overnight. The markets began to recover Monday, however, when Turkey’s Central Bank said it was ready to take “all necessary measures” to help Turkish banks manage their liquidity. The bank’s announcement followed the…

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American businesses have long been preparing for a cashless economy as the use of credit and debit cards, instead of cash, become more widespread. But the move towards a cashless economy may have hit a snag in the nation’s capital. Some Washington DC council members say the cashless trend has…

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Iran’s official IRNA news agency is reporting that China’s state-owned petroleum corporation has taken a majority share of the country’s South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic sanctions against Iran. The Saturday report quotes Mohammad Mostafavi, an…

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France deems unacceptable a European Commission proposal to exclude French ports from a rerouting of a strategic trade corridor between Ireland and mainland Europe after Brexit, the government said. At the moment much of Ireland’s trade with the continent goes via Britain in trucks. However, with less than eight months to go until Britain leaves…

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By most indicators, the U.S. economy is doing well. An achievement that President Donald Trump has boasted about on many occasions. But whether Americans see it that way, may depend on which side of the political aisle they’re on. This report by White House Correspondent Patsy Widakuswara explores partisanship and…

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The White House issued a proclamation Friday evening officially announcing the doubling of steel tariffs on Turkey, slated to go into effect Monday. Earlier Friday, the Turkish lira suffered its worst one-day loss in a decade after President Donald Trump announced the United States would hike metals tariffs, prompting investor…

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A threat of more U.S. sanctions has sent the ruble tumbling to its weakest since mid-2016 but authorities are not expected to leap to the currency’s defense after weathering a similar storm in April, analysts said. The ruble crashed to 67.67 versus the dollar on Friday, losing more than 6…

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Chinese state media on Thursday accused the United States of a “mobster mentality” in its move to implement additional tariffs on Chinese goods and warned that Beijing had all the necessary means to fight back. The comments marked a ratcheting up in tensions between the world’s two largest economies over a trade dispute, which…

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New York’s city council on Wednesday dealt a blow to Uber and other car-for-hire companies, passing a bill to cap the number of vehicles they operate and impose minimum pay standards on drivers. The city of 8.5 million is the biggest app-ride market in the United States, where public transport…

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China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signaled growing anger from partners of the United States, which…

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New York City’s iconic but imperiled yellow cab industry may be getting help from lawmakers who want to pump the brakes on fast-expanding ride-hailing services like Uber and Lyft. In what would be a first-in-the-nation step if passed, the City Council on Wednesday is set to vote on proposals that…

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