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Business

Avoid devaluing currencies to boost trade

NEW DELHI: The United States will “oppose and push back very hard” against attempts to boost exports by weakening exchange rates, Treasury Secretary Jacob J. Lew said in one of his strongest statements yet on a potential currency war.

World

No Russia-Ukraine gas deal at EU talks; Moscow queries finances

BRUSSELS (Reuters) - Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev's ability to pay.

World

Russia not preparing new tit-for-tat sanctions - Deputy PM

SOCHI Russia (Reuters) - Russia is not working on a new package of measures in retaliation for Western sanctions over Moscow's role in Ukraine, Deputy Prime Minister Arkady Dvorkovich was quoted as saying on Saturday.

World

Solidarity veteran takes Poland to Europe's top table

WARSAW (Reuters) - The son of a carpenter, Donald Tusk came of political age in the cauldron of Poland's "Solidarity" movement, which presaged the fall of communism a quarter of a century ago.

World

West faces tough choices if Russia, Ukraine fight

WASHINGTON (Reuters) - If Russia and Ukraine slide into outright war, the United States and allies will face tough choices on how to support a friendly state they have no intention of making a full NATO member.

World

EU unity on Russia sanctions fraying despite tough talk

BRUSSELS (Reuters) - European Union foreign ministers voiced concern on Friday at reports that Russian military vehicles had crossed into Ukraine overnight, but behind the tough talk there were signs that EU unity over sanctions against Moscow was fraying.

World

Turkish exporters see profit from Russian ban on Western foods

ISTANBUL (Reuters) - Turkish companies are enjoying a rise in orders from Russia as their government eyes a lucrative long-term opportunity from Moscow's ban on imported Western foods.

World

Poland should cut 2015 GDP outlook on Ukraine worries - Deputy PM

WARSAW (Reuters) - Poland should downgrade its economic growth outlook for 2015 to take account of fallout from the Ukraine crisis and tit-for-tat sanctions between Russia and the West, Polish Deputy Prime Minister Janusz Piechocinski said.

World

Italy counts cost of sanctions as Russia spurns pears, Grana Padano

ROME (Reuters) - Russia has sent entire shipments of Grana Padano cheese back to Italy and cancelled exports of pears from Modena under a food import ban which could cost Italy at least 200 million euros, an agriculture group said on Friday.

World

Moscow fights back after sanctions; battle rages near Ukraine crash site

MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land mines near the site of a crashed Malaysian airliner to prevent a proper investigation.