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Libya’s Zawiya port loadings resume after strike ends

TRIPOLI / Reuters Libya’s Zawiya oil terminal returned to normal operations after workers who were blocking ships from docking agreed to end a one-day strike, two sources said. Zawiya exports crude from Libya’s giant El Sharara oilfield, which produces 300,000 barrels per day (bpd), more than a quarter of the North African country’s output. Production at El Sharara had not ...

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WhatsApp stirs up India with push into digital payments

Bloomberg Just 16 months after demonetisation forever changed the way Indians pay for things, WhatsApp is set to disrupt the market yet again. With more than 200 million Indians already using its messaging, WhatsApp is piloting a payment service that lets them transfer money to each other. The well-timed move has riled rivals, who say the Facebook Inc unit hasn’t ...

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China wealth fund sells Blackstone stake

Bloomberg China Investment Corp. has sold its stake in Blackstone Group LP, ending an investment stretching back to before the US firm’s 2007 IPO. The sale, disclosed in Blackstone’s annual report released earlier this month, marks the end of CIC’s more than decade-long ownership of the firm’s shares, a partnership that was noted as an early example of China’s growing ...

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