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Rapid transit key in fight against climate change

  Paris / AFP Big cities worldwide have expanded faster than their rapid transit systems, leading to higher levels of pollution, greenhouse gas emissions and commuter misery, a report released Tuesday showed. “Low-density, car-oriented development — known as ‘sprawl’ — has been the predominant urban form for cities in the past century,” said Michael Marks, a researcher at the non-profit, New ...

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Gulf up on oil price, Egypt falls on Saudi crude product halt

  DUBAI / Reuters Most major bourses in the Gulf rose on Tuesday as oil prices held near one-year highs, while Egypt retreated after news that Saudi Arabia had suspended oil product supplies to the country this month. Riyadh’s stock index gained 1.5 percent, trimming its loss over the last four weeks to 8.4 percent. All 14 listed petrochemical producers ...

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Samsung shares slump while London hits highs

  London / AFP Shares in Samsung Electronics tumbled Tuesday after the company junked its Note 7 smartphone, while the anaemic pound helped push Britain’s stock market to a record high. The weak pound, flailing in the wake of Britain’s June vote to quit the European Union, helped push London’s FTSE 100 index of top blue-chip companies to 7,129.83 points, ...

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