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Shell to sell its LNG stake to GIP for $2.5b

Bloomberg Royal Dutch Shell Plc agreed to sell a minority stake at a liquefied natural gas export project in Australia to Global Infrastructure Partners (GIP) for $2.5 billion. The oil major will sell a 26.25% interest in the Queensland Curtis LNG Common Facilities in a deal that is expected to be completed in the first half of 2021, the company ...

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The cold, hard barriers to getting vaccinated

Doctors, nurses and other essential workers are getting vaccinated against Covid-19 in the US and UK. Yet in Asia, where several countries led the way in reining in the viral outbreak, there are few signs that detailed distribution plans are ready to be implemented. Supplies are limited and unknowns plentiful. Governments need to jump-start the process to get shots into ...

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It’s a good time to be an elite banker

When the world’s biggest health crisis in a century struck in February, central bankers and politicians rushed to protect their economies. The devastation of lockdown threatened even the soundest financial firms, whose collapse would have worsened the crisis. But the trillions of dollars plowed into companies and households, accompanied by the easing of regulatory demands on lenders, didn’t merely ensure ...

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