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Surging fuel costs causing demand destruction: Vitol

Bloomberg The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Consumers are being hit by the run-up in gasoline, diesel and other oil products, Mike Muller, head of Asia at Vitol Group, said on Sunday on a podcast. “There’s very clear evidence out there of economic stress ...

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How Hong Kong’s 1997 dreams sank sans trace

The Jumbo Floating Restaurant, a landmark attraction built in the style of an imperial palace that adorned the south side of Hong Kong island for more than four decades, capsized this month in the South China Sea, having been towed away after its business was rendered unprofitable by the pandemic. Social media users were quick to see a metaphor. As ...

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Brexit has UK traveling wrong way in time

The idea of time travel is an old British preoccupation, from H.G. Wells’s 1895 novel to the seemingly immortal television series “Doctor Who,” which first aired in 1963, the year before I was born. Although I didn’t travel by Tardis or encounter any murderous Daleks, returning to my native land last month felt more than usually like a “Doctor Who” ...

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