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Nigerian court freezes Shell accounts in dispute over oil deal

Bloomberg A Nigerian court restricted Royal Dutch Shell Plc’s access to its bank accounts in the West African country amid a legal dispute with a local oil producer over a pipeline deal six years ago. Aiteo Eastern E&P Co Ltd is demanding billions of dollars in damages, claiming Shell misrepresented the condition of the pipeline and under-counted the volume of ...

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India’s Modi failed to make a Singapore in Gujarat

When Singapore set up an international financial hub in the late 1960s, the city-state was thinking both fast and slow — seizing an immediate opportunity, and opening a path to long-term economic development. Half a century later, India is attempting something similar in Prime Minister Narendra Modi’s home state of Gujarat. For Singapore, the British pound’s 1967 devaluation was the ...

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What Uber’s loss means for Britain

The latest ruling on Uber Technologies Inc is good for drivers and city dwellers alike. But it shouldn’t be the last word on the matter. The UK Supreme Court determined that Uber drivers should be classified as “workers,” entitling them to rights like the minimum wage, holiday pay and rest breaks. It’s the culmination of a five-year court battle, and ...

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