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Saudi oil minister says OPEC cut ‘imperative’

  AFP Saudi Arabia’s oil minister said it was “imperative” that OPEC nations finalise an agreement over a cut in oil production aimed at boosting crude prices, Algerian media said on Sunday. Khalid al-Falih met his Algerian counterpart Noureddine Boutarfa on Saturday and called on cartel members to stick to the surprise cut deal, reached in Algiers in September. “In ...

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Rich nations told to shut coal plants by 2030 to save climate

  Bloomberg Rich countries must close all their coal-fired power plants by 2030 to have a chance of holding global warming to tolerable levels, a report from an environmental research group said. China would have to phase out the most polluting fossil fuel by 2040 and the rest of the world by 2050, according to Climate Analytics, a Berlin-based non-profit ...

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Trump’s rise deals a blow to India’s manufacturing dream

  Bloomberg Donald Trump’s rise is the latest setback for India’s ambition to become a factory for the world. Having missed the export-driven steam-boat that transformed China and fellow East Asian economies over the past several decades, India under Prime Minister Narendra Modi had pinned hopes on an ambitious “Make in India” campaign to make up lost ground. With the ...

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