World News & Analysis 30 March 2018

Bitcoin is on track for its worst first quarter ever with over $114 billion wiped off its value

The price of bitcoin has fallen from $13,412.44 on January 1 to $7,266.07 on March 30, marking a more than 45 percent decline.

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China launches new share issue options to attract innovative firms to the mainland

China's State Council announced on Friday a pilot scheme to encourage firms to issue shares in Shanghai or Shenzhen.

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Russia summons Western diplomats to set out retaliatory steps in spy poisoning rift

Russia set out the retaliatory measures it was taking in a standoff with the West over the poisoning of an ex-spy.

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France renews backing for Syrian rebels, denies troop moves

France is offering renewed support to Syrian rebels fighting Islamic extremists.

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Russia tests its intercontinental ballistic missile that Putin says 'can reach any point in the world'

The nuclear weapon called Sarmat will replace the current Soviet-era missile called Veovoda.

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China cuts tax rates for chipmakers amid trade tensions

China's finance ministry said on Friday it has introduced new tax breaks and exemptions for firms making semiconductors, seeking to limit dependence on foreign chips amid trade tensions with the United States over technology transfers.

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Global mergers and acquisitions reached a record high in the first quarter

Global mergers and acquisitions had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies' dealmaking instincts.

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China is reportedly taking steps to pay for oil in yuan

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters.

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