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Best Buy to sell China business, focus on North America
U.S. retailer Best Buy Co Inc (BBY.N) said on Thursday it will sell its struggling China business, Five Star, to domestic real estate firm Zhejiang Jiayuan Group in order to focus on its North American operations.
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Euro zone economy looking set to contract in the new year
Heavy discounting failed to stop euro zone business activity growing less than thought last month, a survey showed on Wednesday, suggesting the bloc's economy may contract again early next year.
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China says Britain has no moral responsibility for Hong Kong
China said on Wednesday Britain has had no moral responsibility for what happens in Hong Kong since its return to China, as the two countries argue about Beijing's ban on a group of British members of parliament visiting the city.
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EU, U.S. present Russia with united sanctions, energy front
U.S. and EU leaders will on Wednesday pledge to work together on sanctions and on strengthening the energy security of Europe and Ukraine, as they seek to present a united front to Russia, a draft document said.
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U.S. says to discuss possible new Russia sanctions with Europe
U.S. Secretary of State John Kerry will talk to European allies this week about imposing further sanctions on Russia if pro-Moscow separatists in Ukraine do not halt violence, a senior State Department official said on Tuesday.
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European court condemns Turkey for discriminating against Alevis
The European Court of Human Rights condemned Turkey on Tuesday for discriminating against members of the Alevi religious minority by failing to grant their places of worship the same status and advantages as those of other faiths.
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ECB could fix euro zone flaw with risk-free bond
As the European Central Bank comes closer to buying sovereign bonds, one London-based think tank says an opportunity has arisen to fix one of the euro zone's birth defects -- the absence of a credible "risk-free" asset.
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China plans to bid again for Mexico high-speed rail project
China plans to tender again for Mexico's $3.75 billion high-speed rail project after the Latin American nation abruptly canceled its earlier win, one of the firms in a Chinese-led consortium that had bid and a source close to the bid said.
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