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Eurozone ministers reach vital agreement on Greece debt relief

  Brussels / AFP Eurozone ministers reached a vital deal with Greece on Wednesday to unlock bailout cash and start tackling the country’s debt mountain as demanded by the IMF, but analysts warned details are sketchy, spelling trouble further down the road. The agreement unlocks €10.3 billion ($12 billion) in bailout cash that Greece urgently needs to repay big loans to ...

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Energy giant Royal Dutch Shell to axe further 2,200 jobs

  London / AFP Energy giant Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs owing to low oil prices and following its takeover of smaller rival BG Group. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure ...

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La Nina weather change may boost Britain’s power price, curb wind

  Bloomberg Electricity prices in Britain may rise this winter as the El Nino weather system ebbs away, driving up energy demand while quelling breezes that wind farms depend on to generate renewable power. The La Nina weather patterns that generally follows El Nino may cool temperatures and curtail wind speeds from the U.K. to Germany, according to U.K. government ...

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