Monthly Archive: April 2018

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Search for German billionaire missing in Alps since Saturday

BERLIN — Authorities in Switzerland and Italy were searching Wednesday for a German billionaire who has been missing in the Alps since the weekend, when he failed to return from a ski excursion on the Matterhorn. Karl-Erivan Haub, heir to the Tengelmann retail empire, was training for a ski race when he disappeared on Switzerland’s […]

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Ruble falls for 3rd day following US sanctions

MOSCOW — The Russian ruble has again fallen sharply as last week’s U.S. sanctions continue to bite. The dollar traded above 64 rubles on the Moscow exchange Wednesday morning for the first time since 2016, a 2 per cent drop, though the ruble later recovered slightly to 63.8 by midday. The euro neared the 80-ruble […]

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EU officials inspect 21st Century Fox unit in London

LONDON — European Union investigators raided the London offices of a 21st Century Fox unit amid concerns that some companies have colluded in bidding for the right to broadcast sporting events. The European Commission, the EU’s executive, said in a statement Tuesday that it carried out “unannounced inspections” at offices in several European countries, but […]

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Asian shares meander following gains on upbeat trade talk

Shares were mixed in Asia on Wednesday, trading in a narrow range after overnight gains following conciliatory comments on trade by Chinese President Xi Jinping. Xi’s pledge to cut tariffs on imported cars and improve intellectual property protection was seen as a step toward easing trade tensions. KEEPING SCORE: Japan’s Nikkei 225 stock index lost […]