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Libya unity government loses third oil port to rivals

  Tripoli / AFP Libya’s UN-backed unity government lost control on Monday of a third oil port seized by rival forces, raising fears of a major outbreak of fresh violence in the chaos-ridden country. The loss comes after fighters backing a rival administration in east Libya seized two other terminals from guards loyal to the Tripoli-based Government of National Accord (GNA) ...

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Equities struggle on oil, US Fed rates outlook

  AFP Stock markets struggled on Tuesday as investors contemplated the US interest rate outlook and oil prices slumped on a gloomy outlook for crude demand. Frankfurt, London and Paris had opened brightly, after a leading US Federal Reserve official tempered comments from her colleagues on the need for an early US interest rate hike. But the gains faded away ...

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Samsung shares rise after selling printing unit

  AFP Shares in South Korean giant Samsung Electronics rallied on Tuesday, recovering almost half the losses from a two-day collapse linked to its troubled smartphone, as traders welcomed news it had sold its printer unit for $1.05 billion to US firm HP. The company plunged more than 10 percent on Friday and Monday after it urged global consumers to ...

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