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Energy giant Royal Dutch Shell to axe further 2,200 jobs

  London / AFP Energy giant Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs owing to low oil prices and following its takeover of smaller rival BG Group. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure ...

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La Nina weather change may boost Britain’s power price, curb wind

  Bloomberg Electricity prices in Britain may rise this winter as the El Nino weather system ebbs away, driving up energy demand while quelling breezes that wind farms depend on to generate renewable power. The La Nina weather patterns that generally follows El Nino may cool temperatures and curtail wind speeds from the U.K. to Germany, according to U.K. government ...

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Pound may lose reserve currency status on Brexit, warns S&P

  Bloomberg A Brexit wouldn’t just weaken the pound — it would jeopardize its status as a reserve currency used in world trade, according to S&P Global Ratings. Sterling lags only the dollar and euro in central banks’ holdings, a legacy of Britain’s large economy, its trusted legal system and use of the global lingua franca. But a vote to ...

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