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Hydrogen firm’s market value skyrockets to $25b

Bloomberg Plug Power Inc., a fuel-cell company that’s struggled to turn a profit, surged in value to nearly $25 billion after striking a deal with a South Korean conglomerate to promote hydrogen technology in Asia. Shares in the Latham, New York, company jumped more than 50%, when SK Group agreed to pay $1.5 billion for a 10% stake in it. ...

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UAE provides urgent aid to flood-hit people in Malaysia

ABU DHABI / WAM The United Arab Emirates has provided urgent humanitarian aid to those affected by the floods that swept the state of Pahang, Malaysia. The move is in implementation of the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the follow-up ...

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Oil posts best week in four months on Saudi output cut

Bloomberg Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in New York advanced $3.72 this week and Brent oil topped $55 a barrel for the first time since February. Saudi Arabia’s pledge earlier this week to cut production by 1 million barrels a day ...

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