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Time to subject Libor to some stiffer competition

  In 2012, the London interbank offered rate — Libor — gained worldwide notoriety when it emerged that traders had conspired to manipulate this vital financial benchmark. Clearly, the system was broken and would have to be mended. Four years later, the repairs aren’t finished. Given the stakes, regulators are right to tread carefully. That said, they need to start ...

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UAE’s impetus to solar power timely

  Dubai’s hosting of the second Global Solar Leaders’ Summit has demonstrated the urgency to give impetus to renewable energy — essentially solar power. The UAE’s economic diversification plan and UAE Vision 2021 call for the need to tap the energy in the sunshine. Solar power will help reduce the carbon footprint and put the country on the road to ...

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Russian voters turn indifferent towards President Putin

  Russian President Vladimir Putin’s loyalists, the United Russia party, gained a massive, record majority in Sunday’s parliamentary election — but Russians have also shown that the high popularity ratings of United Russia and, by extension, Putin and his government are essentially fake: The turnout was lower than ever in the history of Russian federal elections. According to preliminary results, ...

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