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Putin-backed party on course to win more than half of vote in parliament election
The United Russia party backed by President Vladimir Putin has won 54.2 percent of the vote in a parliamentary election, based on the 90 percent of ballots counted by Monday morning, data from the election commission showed.
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Britain's banks face losing EU access after Brexit
Banks based in Britain will lose access to EU markets after Brexit unless the country remains in the broader European trading group that includes nations such as Norway, the head of Germany's Bundesbank warned on Monday.
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City of London should not suffer from Brexit: UK's Johnson
British Foreign Secretary Boris Johnson said on Thursday London's financial sector was a "massive asset" to the whole of Europe and should not be weakened by Britain's decision to leave the European Union.
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Winners and losers in EU plan to boost telecoms, rein in tech giants
The European Commission announced proposals for reforming EU telecoms and copyright rules on Wednesday, aimed at speeding up investment in fast broadband while boosting revenues for the telecoms industry and media publishers.
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Citi sees Russia business pick up as crisis abates
U.S. bank Citi (C.N) is seeing business pick up in Russia as the country's economic crisis abates and is staying as engaged as it can given Western sanctions, its Russia head said.
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EU lawmakers aim to limit proposed cuts to 2017 budget
The European Parliament will seek to amend an annual budget package agreed by EU member states and in particular wants to limit cuts to research and foreign aid spending, lawmakers said on Tuesday.
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EU/IMF rift on Greek debt is hurting country, Tsipras says
A rift between the International Monetary Fund and the European Union over how to make Greece's debt sustainable is damaging the country's attempts at economic recovery, Prime Minister Alexis Tsipras said on Sunday.
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Saudi Arabia, Russia sign oil pact, may limit output in future
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
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