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Trump to order ‘oil drilling review’ off California coast

  Bloomberg President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of California with a directive that sets up a certain clash with environmentalists. Trump will order the Interior Department to review locations for offshore oil and gas exploration and consider selling drilling rights in territory that former President ...

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Brexit risks opening Pandora’s box of trade disputes for Britain

  Bloomberg As dawn broke on the UK’s decision to leave the European Union last year, Julian Braithwaite was awoken by a phone call from a fellow diplomat in Geneva. The message was more like a warning: your world is about to change. The British ambassador to the World Trade Organization, until now a job more in name than practice, ...

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‘America’s rich get richer and poor get replaced by robots’

  Bloomberg America’s working class is falling further behind. The rich-poor gap — the difference in annual income between households in the top 20 percent and those in the bottom 20 percent — ballooned by $29,200 to $189,600 between 2010 and 2015, based on Bloomberg calculations using US Census Bureau data. Computers and robots are taking over many types of ...

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