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Siemens, SAP sign cooperation deals with Saudi Arabia: officials

April 30, 2017 JEDDAH (Reuters) – Saudi Arabia wants German companies Siemens and SAP to play an important role in furthering the kingdom’s “digital transformation”, company officials said on Sunday during German Chancellor Angela Merkel’s visit to the country. Top executives at the engineering conglomerate and the business software company who were traveling with Merkel signed declarations of intent to work with the Saudi authorities, the officials said. Saudi Arabia is pushing a long-term economic transformation dubbed “Vision 2030” to reduce the country’s reliance on oil, attract investment and improve…

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Sudden collapse of Alitalia would be a shock to Italy’s economy-minister

April 30, 2017 ROME (Reuters) – A sudden collapse of loss-making national airline Alitalia [CAITLA.UL] would be a great shock for Italy’s economy, Industry Minister Carlo Calenda said on Sunday. Rome has thrown the crisis-hit airline a short-term lifeline, a bridging loan of up to 400 million euros ($436 million) to see it through a process whereby an administrator will decide if it can be sold as a going concern or should be liquidated. “It (sudden closure) would be a shock for GDP (economic output) much greater than the scenario…

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Off target in 2016, global elite regroup at Milken conference

April 30, 2017 By Lawrence Delevingne BEVERLY HILLS, Calif. (Reuters) – Titans of U.S. industry and Wall Street gather in Beverly Hills this week to discuss how to navigate – and profit from – hot topics such as U.S. tax reform, the upcoming French election and Chinese economic growth. U.S. President Donald Trump’s first 100 days and the next 1,000, as well as the outlook for liberal democracy in Europe in the wake of Brexit are also set for debate at the Milken Institute Global Conference. The event aims to…

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‘Latin Lover’ Tops ‘The Circle,’ ‘Fate of the Furious’ Rides to Third Straight No. 1

April 30, 2017 By Seth Kelley LOS ANGELES (Variety.com) – It has become a familiar story — “The Fate of the Furious” is, once again, the box office champ. The massively popular eighth episode in the Fast and Furious franchise earned $19.4 million this weekend from 4,077 locations, placing it securely in first place during a sputtering weekend, anticipating the summer season. After winning the domestic box office for three straight weeks, the Universal movie’s U.S. total stands at $192.7 million. Not only that, “Fate’s” global total officially crossed the…

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