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Australia moves to keep its banks in the Pacific
Australia moves to keep its banks in the Pacific

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. Australia and China are locked in "a state of permanent contest in the Pacific", Australia's foreign minister said earlier this year.

Italy and Lufthansa reach deal on ITA Airways stake
Italy and Lufthansa reach deal on ITA Airways stake

The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.