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EU hits Indonesia with new biodiesel levies

Bloomberg The European Union (EU) imposed tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, risking tit-for-tat retaliation by the Indonesian government. The EU duties on Indonesian exporters of biodiesel, a type of biofuel made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%. The levies mark the ...

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Unrest delays $1.5b HK property project

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Bloomberg CK Asset Holdings Ltd., the developer founded by billionaire Li Ka-shing, postponed a planned sale of condominiums in Hong Kong as ongoing political protests made it difficult to market the luxury residences. The homes at 21 Borrett Road would not be offered for sale as scheduled this month, a spokeswoman for the company said on Wednesday, confirming an earlier ...

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Australia rejects calls by Pacific Island countries to ditch coal

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Bloomberg Australia is pushing back against calls from Pacific Island leaders to ditch its commitment to coal mining to help combat climate change, saying its neighbours need to respect the country’s reliance on the industry. The world’s second-biggest coal exporter is increasingly a flash point in the battle against carbon emissions after Prime Minister Scott Morrison’s government was reelected in ...

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