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Markets and pundits have a data-point fixation

  Data is the raw material we use as the basis for analysis. Investors demand it. Baseball fans love it. Quants live for it. Pollsters depend on it. Data is the difference between anecdote and evidence, between opinion and facts, between life and death (ask a surgeon or airline pilot). Data drives the economic world around us. It is how ...

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Make natural gas a (shorter) bridge to the future

  By speeding the demise of coal, which is far dirtier, cheap natural gas has done as much to reduce carbon emissions as any government regulation. But the returns are already diminishing: Natural gas also emits carbon dioxide, and this year for the first time the amount will exceed that of coal in the U.S. The most efficient way to ...

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Funding for research vital to tackle superbugs

  On Saturday, donors to the Global Fund pledged nearly $13billion to eradicate the three deadly maladies — AIDS, tuberculosis and malaria — by 2030. The money is expected to help save 8 million lives. The Global Fund demonstrates that collective effort and global commitment can do wonders. Since 2002, the Fund has spent $30 billion to fight the three ...

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Saudi stocks follow emerging markets to send Gulf index lower

  Bloomberg Saudi Arabian stocks declined the most in the Gulf as the kingdom’s equities traded for the first time in a week, tracking a selloff across developing nations as investors weigh the chances of a U.S. interest rate increase this year. The Tadawul All Share Index dropped 1.9 percent on Sunday as it reopened after a week-long religious holiday. ...

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Goldman says investors forget many stocks love higher rates

  Bloomberg Amid all the hemorrhaging in dividend stocks whacked by higher bond rates, Goldman Sachs Group Inc. says investors are missing a chance in another group that usually benefits. They’re referring to the companies poised to gain the most from a rate hike, a group dominated by financial firms such as Bank of America Corp. and Bank of New ...

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Iran urges USA to remove obstacles on aircraft deals

  TEHRAN / Reuters Iran urged the United States on Sunday to remove remaining obstacles to it buying passenger planes following the lifting of international sanctions and spread out the welcome mat to foreign investors as it seeks to boost its aviation sector. Iran provisionally agreed earlier this year to buy over 200 jets worth $50 billion at list prices ...

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1.3mn drones to hover over skies by 2020: FAA

  WASHINGTON / AP So many people are registering drones and applying for drone pilot licenses that federal aviation officials said they are contemplating the possibility of millions of unmanned aircraft crowding the nation’s skies in the not-too-distant future. In the nine months since the Federal Aviation Administration created a drone registration system, more than 550,000 unmanned aircraft have been ...

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Spare battery caused smoke on Atlanta-bound flight: Delta

  Bloomberg A spare battery overheated and created smoke in the cabin of a Delta Air Lines Inc. flight. The plane, a Boeing Co. MD-88, continued to its destination without further problems. Flight 2557 from Norfolk, Virginia, to Atlanta, carrying 143 passengers and five crew members, had just taken off when flight attendants noticed the smoke in the rear section ...

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Brazil may join airline emissions deal

  Bloomberg Brazil is unlikely to join the initial phases of a proposed United Nations accord being brokered this month to limit emissions from international air travel, a senior government official said. Brazil, one of the fastest-growing aviation markets, doesn’t produce enough emissions to justify joining the accord in the initial voluntary phases, beginning in 2021, said Brazilian National Civil ...

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Turbulence at SAA exposes govt woes

  Johannesburg / AFP Spiralling debt, massive losses and a widely-criticised boss. For many, the problems besetting South African Airways (SAA), the state-owned national airline, are emblematic of issues roiling President Jacob Zuma’s government and fuelling unease among foreign investors. SAA is “on the brink of disaster”, Mmusi Maimane, head of the opposition Democratic Alliance (DA) party, said in a ...

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