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Irma stirs fear of setback to $16 billion Everglades restoration

Bloomberg For two decades Steve Davis has made it his life’s work to save the Florida Everglades. Davis, a wetland ecologist with the Everglades Foundation, has been part of a push to restore millions of acres of marsh grasses and mangroves to their natural state. The effort, comprised nearly six-dozen projects carrying an estimated price tag of $16 billion, is ...

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UN ‘club’ Trump derided forges fresh alliance on vital issues

Bloomberg President Donald Trump, who derided the United Nations as a “club for people to get together, talk and have a good time” after his election, is surprising veterans of the global body by leaning on it to help carry out his foreign policy agenda. From pushing the Security Council to tighten sanctions on North Korea to forging a partnership ...

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Hurricane Jose could graze Massachusetts on Wednesday

Bloomberg A weakened Hurricane Jose could graze the Northeast as Hurricane Maria tears through the Caribbean, gaining strength and possibly heading toward the US in a week. Jose will probably be downgraded to a tropical storm as it comes close to Massachusetts on Wednesday—threatening shipping and real estate along the East Coast—before veering farther out into the Atlantic, the US ...

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EU tilts to China in fight against global warming

Bloomberg Europe and China are stepping up their coordination in the battle against global warming, a top EU official said, as the US mulls re-engaging in a landmark Paris agreement to cut greenhouse gases. The 28-nation European Union will press ahead with efforts to protect the environment by shifting to a low-carbon economy and reducing dependency on fossil fuels, said ...

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Boris Johnson seen ‘heading for’ face off with May in New York

Bloomberg Foreign Secretary Boris Johnson is again the focus in British politics after his challenge of Prime Minister Theresa May sparked a round of speculation over whether he’s willing to resign if she softens her stance on the Brexit bill or if he could be fired for insubordination. Both May and her top diplomat will be New York this week ...

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Macron reminds world ‘France is a N-power too’

Bloomberg Emmanuel Macron is aiming to show France can still punch its weight. After North Korea tested a nuclear weapon this month, the French President took time out of a state visit to Greece to lobby China’s Xi Jinping on ratcheting up sanctions. He’d already spoken to the leaders of Germany, the UK and Italy on the issue and in ...

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Turkish army ups ante against Kurdish plebiscite

Bloomberg The Turkish army kicked off a military drill near the border with Iraq’s Kurdish region, underscoring Turkey’s threat to do whatever it deems necessary against an Iraqi Kurdish independence referendum scheduled for next week. Dozens of Turkish tanks dotted an open field just a few kilometres from the Iraqi border on Monday, according to footage on CNN-Turk television. Erdogan, ...

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Saudi Arabia to seek bidders for 1,600 km Red Sea-Gulf Railway

Bloomberg Saudi Arabia plans to seek bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Persian Gulf as early as the end of this year, signaling the go ahead for a long-delayed project seen as vital to reducing the economy’s dependence on oil. The so-called Land Bridge line will shave around three days off ...

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Oil trades near $50 a barrel after decline in US drilling

Bloomberg Oil traded near $50 a barrel in New York, close to a three-month high, as a further reduction in US drilling added to signs the global crude surplus is abating. West Texas Intermediate futures were little changed after advancing 5.1 percent last week. Rigs targeting crude fell by seven to 749, according to data from Baker Hughes. Drillers haven’t ...

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Bahrain refuses Qatari bond investors in record sale

Bloomberg Bahrain refused to process bids by Qatari investors for its largest-ever bond offering after cutting ties with the gas-rich Gulf state in June, according to two people familiar with the matter. Doha-based companies that submitted bids for Bahrain’s $3 billion debt sale last week weren’t given allocations because the island state, along with other Gulf economies, are cutting their ...

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