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Old school tailor shop goes hi-tech with personalised stores

Bloomberg At a traditional tailor shop, the kind that’s been around for centuries as an atelier for bespoke suiting, the personal touch has always been vital. Shoppers have relationships with their tailors, who know their style and what they’d want to wear. Now that relationship is getting a technological makeover. Knot Standard, a custom-suit startup backed by more than $25 ...

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Physical oil traders desperate for crude as risks multiply

Bloomberg From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter as supplies grow more constrained and risks to production spiral. Prices for actual barrels from the North Sea, Asia, and the Americas are now trading at the highest in half a decade. Key price spreads that show how urgently ...

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OFID grants $50m for Pakistan energy sector, economic growth

VIENNA / WAM The Opec Fund for International Development (OFID) is contributing $50 million to support energy security and economic growth in Pakistan via a participation agreement with the International Islamic Trade Finance Corporation (ITFC). The ITFC and other financial institutions will provide the remaining balance of the syndicated amount that will enable Pakistan’s Ministry of Finance, Revenue and Economic ...

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