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Russian Pres. Vladimir Putin

Russia cracks down on foreign internet firms

Russia has come up with a new law that empowers the government to not only block websites but also orders them to share data of Russian citizens.

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German Chancellor Angela Merkel

European bailout fund grants release of aid to Greece

The first tranche of the bailout package for Greece has been released. The European Stability Mechanism board approved the release of €26 billion ($29 billion) Wednesday after assemblies of creditor nations, including Germany, endorsed the package.

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Stock Market

Stock markets expected to be under 4% annual growth

The slowdown in economic growth in major economies is expected to keep the stock markets under four percent annual growth in the near future. The second half of 2015 is expected to be sluggish following the bleak economy outlook for the US, EU and China.

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Angela Merkel and Wolfgang Schaeuble

Germans fret over Europe's future but still believe

The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.

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Wolfgang Schaeuble

Germany's Schaeuble wants to rebalance EU Commission's role

Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.

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Nevzat Aydin

Yemeksepeti CEO in Turkey gives out $27M to employees after sale

Nevsat Aydin, the co-founder and CEO of Yemeksepeti, an online delivery website in Turkey, shared $27M of revenue to its 114 employees after Delivery Hero acquired the company in May.

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European Union flag

Quartet of crises threatens Europe's core

Four great crises around Europe's fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.

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Russia's President Vladimir Putin

Russia waits in wings as Greek debt crisis deepens

Russian President Vladimir Putin must be finding it hard to contain a wry smile as the European Union struggles with Greece's debt problems.

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Asian Infrastructure Investment Bank

China-backed multilateral bank to take concrete shape this week

One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.

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Greek Prime Minister Alexis Tsipras

Greece considering capital controls, closing banks on Monday

Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level.

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Greek flag

Resistance to Greek drama hints at euro's strength

As the big global banks and investment houses see it, almost every outcome of Greece's stand-off with its creditors leads to a weaker euro. So why isn't the single currency falling?

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Dollar and Yuan Notes

U.S. to press China on currency, eye on AIIB: official

U.S. officials will press their Chinese counterparts on currency policy at high-level talks next week, and have not taken off the table the possibility that the United States may one day join a China-led infrastructure bank, a senior U.S. Treasury official said.

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EU-CELAC Latin America summit

Tsipras seeks debt relief as Greeks take offer to Brussels

Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with international creditors provided he gets debt relief in return, something that Germany refuses to countenance.

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Angela Merkel

Merkel urges Germans to put aside fear of big data

Germans need to overcome their traditional fear of the large-scale collection of personal data by companies and instead embrace its opportunities or risk being marginalized in the global economy, Chancellor Angela Merkel said on Tuesday.

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Vodafone

Vodafone in talks with Liberty Global on "asset" swap, not merger

Vodafone, the world's second-biggest mobile telecoms company, said on Friday it was in talks with Europe's largest cable operator, Liberty Global, about an exchange of "selected assets" but was not discussing a full-blown merger.

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