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China property tycoon warns on real estate bubble

Beijing, China | AFP | China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” — the latest alarm bell to be sounded on the world’s second largest economy. Wang, the owner of real estate and entertainment conglomerate Wanda, said …

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US Congress rejects Obama’s veto of Saudi 9/11 bill

Washington, United States | AFP | The US Congress voted overwhelmingly Wednesday to override Barack Obama’s veto of a bill allowing 9/11 victims to sue Saudi Arabia, the first such rebuke of his eight-year presidency. The Senate overrode the veto in a 97-1 vote, followed a short time later by …

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All global trade banned in endangered pangolins

Johannesburg, South Africa | AFP | The shy, scale-covered pangolin is to receive the highest level of protection against illegal trade to try to save it from extinction, after a vote Wednesday by delegates at a global conference. The reclusive, gentle mammal is prized as an edible delicacy and ingredient …

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IMF chief warns of weak growth, lure of protectionism

Chicago, United States | AFP | The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality. Christine Lagarde, the International Monetary Fund’s managing director, said the current global recovery was …

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MH17 shot down by missile brought into Ukraine from Russia

Nieuwegein, Netherlands | AFP | The missile that downed flight MH17 over eastern Ukraine was transported from Russia, a criminal inquiry revealed Wednesday, announcing about 100 people were being investigated for playing “an active role” in the disaster. Saying they had “irrefutable evidence” that the BUK missile system was used …

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Clinton leads 1-0 after debate – but no game-changer

Washington, United States | AFP | Hillary Clinton was calm, cool, well-prepared and — pundits say — victorious in the first presidential debate against Donald Trump, but her strong showing may have little impact on polls showing them in a dead heat. Both campaigns cried victory Tuesday after the sometimes …

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Israeli ex-president Shimon Peres dies at 93

Jerusalem, Undefined | AFP |  Israeli ex-president and Nobel Peace Prize winner Shimon Peres died on Wednesday, his personal doctor told AFP, some two weeks after suffering a major stroke. The 93-year-old died at around 3:00 am (0000 GMT), Rafi Walden, who is also Peres’s son-in-law, told AFP. He did …

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IMF warns central banks could lose deflation fight

  Washington, United States | AFP |  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …

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