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At Pemex, a new CEO confronts painful reckoning for oil bust

Mexico City / bloomberg For nearly 80 years, Pemex has ruled Mexico’s oil industry like a nation unto itself. Few dared challenge the state-owned monopoly, a pillar of government revenue with powerful political allies. Now, a Harvard-educated economist is about to try. Like a thunderclap, the arrival of Jose Antonio Gonzalez Anaya at Petroleos Mexicanos is sending shock waves across ...

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Nouveau-riche bling blossoms in Cuba

Havana / AFP Eddy Relova used to scrape a living buying and selling goods in the street, but now he sits wearing a thick gold necklace at a posh restaurant in Havana. State controls over Cuba’s economy are gradually easing, unleashing a new class of moneyed consumers in a communist island where wealth is largely taboo. Now, aged 23, Relova ...

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Now, monitor your 1,000-mile away farmlands from home

ALKESH SHARMA / Emirates Business Thanks to UAV (unmanned aerial vehicle) technology, soon UAE-based agriculturists and investors will be able to monitor their sprawling farmlands situated as far as in Sudan, without even stepping out of their homes. Under the concept of remote ownership, this could be made possible through smart drones that would do daily monitoring of faraway meadows ...

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