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Germany urges EU unity in trade conflict with US

BERLIN, May 02 (Reuters): A top German minister urged European Union (EU) states to agree a common stance to negotiate with the United States on trade, acknowledging differences with France, after President Donald Trump extended a temporary reprieve for the EU on steel and aluminum tariffs.Although the EU has called...

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Qantas orders six more Dreamliner planes as jumbo bows out

SYDNEY, May 2 (AFP): Australian national carrier Qantas on Wednesday ordered six Dreamliner planes from aviation giant Boeing to replace the last of its ageing jumbo jets, which have been a staple of the firm's fleet since 1971.The deal, worth US$1.7 billion at list prices, comes as Qantas looks to...

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Oil eases as Iran exports up

LONDON, May 02 (Reuters): Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in US shale supply and a rise in Iranian exports ahead of a possible renewal of US sanctions on Tehran.Oil pumps are seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23,...

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Gold near four-month low

BENGALURU, May 2 (Reuters): Gold steadied on Wednesday near 4-month lows as the dollar's uptrend paused, but prices of the precious metal are expected to remain under pressure from a significantly stronger U.S. currency and weak investment demand.Spot gold was up 0.4 per cent at $1,309.34 an ounce at 1302...

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US sanctions extension may ease Rusal restrictions

MELBOURNE, May 02 (Reuters): An amendment by the US Treasury to its Russian sanctions programme may greatly reduce the restrictions on aluminum giant Rusal, Rio Tinto Chief Executive Jean Sebastien Jacques said on Wednesday.Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is...

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EU sees $26.40b funds from plastics, CO2, corporate tax

BRUSSELS, May 02 (Reuters): European Union (EU) nations should contribute new funds to the bloc's budget to fill the gap left by Britain's exit next year collected from taxing digital services, plastic waste and carbon emissions, the European Commission said on Wednesday.The new funds will amount to about 22 billion...

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