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Creepy-crawly internet fame

  Karlsruhe / DPA uck. Terrifying creatures are crawling all over his hands and face – humongous snails, huge cockroaches, gigantic moths. It’s all in a day’s activity on the internet for a German 19-year-old named Adrian Kozakiewicz. The setting is not some tropical jungle in Brazil, but rather a nondescript middle class duplex house of a German suburb. There, ...

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UK Muslims arrange marriages via app

  London / DPA Finding love is never easy, and it’s even harder to find someone who shares your values – especially for young British Muslims. But many are starting to take control with a do-it-yourself approach to arranged marriage. Run-of-the-mill apps will display the name, age, photos and maybe the profession or music preferences of potential partners. Muzmatch, however, ...

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Saudi ‘cuts output by most in 8 years’

  BLLOMBERG Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets. The kingdom reported that it reduced output by 717,600 barrels a day last month to 9.748 million a day, according to a monthly report from the Organization of Petroleum Exporting ...

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Trump repeal of Obama energy regulation signals more to come

  Bloomberg President Donald Trump has overturned an Obama-era anti-corruption rule that would have forced oil, gas and mining companies to disclose payments to foreign governments, becoming the first president in 16 years to take advantage of a law that allows him to rescind a predecessor’s regulations. Trump signed a congressional resolution to repeal a Securities and Exchange Commission disclosure ...

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Indiana utilities try to tilt solar market in their favour

  INDIANAPOLIS / AP Indiana’s energy utilities want state lawmakers to pass a law that critics say would muscle out smaller companies from the emerging solar energy market. Solar power provides only about 1 percent of the country’s energy, but the industry is growing rapidly, with figures showing it employed 208,859 workers in 2015. That amounts to a 125 percent ...

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Eni, BP to pour more investment into Egypt

  Bloomberg Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, Chief Executive Officer Claudio Descalzi said. Production plans for Zohr are on schedule, and Egypt will be Eni’s top country for ...

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OPEC wins plaudits for crude recovery, economy lends hand

  Bloomberg OPEC may be getting all the credit for reviving the oil market, but it had a little help. While the Organization of Petroleum Exporting Countries did spur a 28 percent recovery late last year by announcing production cuts, supply isn’t the only factor buoying the market: demand repeatedly beat expectations in 2016, and is set to surprise again. ...

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SoftBank to buy Fortress Investment Group for $3.3bn

  Bloomberg SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company’s soon-to-be-established technology investment fund. Japan’s SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium to the company’s February 13 closing price, according to a statement. Fortress principals Pete Briger, Wes Edens ...

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Surging iron ore won’t ‘fall off a cliff,’ says Rio Tinto

  Bloomberg Iron ore will defy forecasts for a dramatic price collapse as China’s economy remains strong and the top buyer boosts demand for higher-quality imports, according to Rio Tinto Group, the second-largest exporter. “I wouldn’t necessarily say that it’s going to fall off a cliff,” Chief Financial Officer Chris Lynch said in an interview with Bloomberg Television’s Daybreak Australia. ...

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