Stories By 'Associated Press'
A French court ordered Switzerland’s largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, sending a stern warning to tax dodgers and the banks that aid them.
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Federal Reserve policymakers last month noted greater threats to the US economy, ranging from adverse effects of the government shutdown to rising trade tensions, and decided to emphasize that they would be “patient” in raising interest rates.
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US-backed Syrian forces fighting the Islamic State group in Syria handed over more than 150 Iraqi members of the group to Iraq, the first batch of several to come, an Iraqi security official said Thursday.
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The no-fly zone for drones around British airports is being extended to 5 kilometres (3.1 miles) in an attempt to avert disruptions like the December groundings of flights at Gatwick Airport, officials said on Wednesday.
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The Trump administration said Tuesday that it plans to cancel $929 million awarded to California’s high-speed rail project and wants the state to return an additional $2.5 billion that it has already spent.
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Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years.
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Germany and France on Tuesday launched a drive to overhaul the European Union’s competition rules to facilitate the creation of world-leading companies.
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