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BEIJING – China’s exports rebounded in December but imports shrank in a sign of weak domestic demand. Full-year trade in 2014 grew 3.4 percent, well below the official 10 percent target. Customs data on Tuesday showed exports rose 9.7 percent, recovering from November’s unexpectedly low 4.7 percent. Imports declined by …

TIRANA, Albania – The grandson of the communist dictator who ruled Albania with an iron fist for four decades has been arrested on suspicion of belonging to an international criminal ring that smuggled cocaine from Colombia to western Europe. Ermal Hoxha, 40, faces a maximum 20-year prison sentence if convicted …

KUALA LUMPUR, Malaysia – Malaysia cut its economic growth forecast for this year and announced austerity measures after tumbling oil prices forced the government to slash its budget. Prime Minister Najib Razak says the 2015 budget, announced in October, was based on oil prices averaging $100 a barrel but this …