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May stresses UK’s role as global player

  Bloomberg Prime Minister Theresa May will make the case for Britain remaining a powerful player in the world after last month’s vote to leave the EU. The premier will use her first appearance in parliament since succeeding David Cameron to argue for renewing the Trident nuclear-weapons system after a weekend in which the team overseeing the divorce from the ...

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Ruble climbs as Turkey drives flows to Russia

  BLOOMBERG The ruble extended last week’s rally as exporters bought the currency to pay local dividends and taxes, while some traders speculated that the coup attempt in Turkey will spur investors to seek alternatives in the Russian market. The currency increased 0.7 percent to 63.10 by 12:03 p.m. in Moscow, taking its gain this year to 17 percent, the ...

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Exxon’s $2.5 billion bid for PNG’s InterOil tops Oil Search offer

  Bloomberg Exxon Mobil Corp. is doubling down on Papua New Guinea, topping a rival offer for InterOil Corp., a gas explorer focused on the Southeast Asian nation. The energy giant’s offer values InterOil at $2.5 billion, including debt, beating an earlier bid from Oil Search Ltd. and Total SA. Exxon already runs Papua New Guinea’s only liquefied natural gas ...

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Venezuelans pour into Colombia again as border reopens

  San Antonio del Táchira / AFP Tens of thousands of Venezuelans again streamed into the Colombian city of Cucuta, taking advantage of the temporary reopening of a long-closed border to buy food and medicine due to shortages at home. Border crossings over two international bridges were opened in the early morning hours without restrictions, although identity cards were checked. ...

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Brent crude fails to extend gain as Turkey oil flows continue

  Bloomberg Brent crude held below the highs reached following a failed coup in Turkey last week as shipments continued through the vital conduit for oil from Russia and Iraq to the Mediterranean Sea. Futures were little change in London, below levels touched on Friday as the coup raised concern about potential disruptions. Oil tankers are loading and unloading cargoes ...

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Nepal’s rustic sees road to vogue

  Lo Manthang / AFP A Himalayan Shangri-La that was closed to visitors until 1992, the former Buddhist kingdom of Upper Mustang in Nepal is facing unprecedented change as a new highway brings modernity to the roof of the world. Kerosene lamps have given way to solar panels, denim sneakers have replaced hand-stitched cowhide boots and satellite dishes are taking ...

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The dual ‘goals’ of students in Ghana

  Ghana / AFP Patience Kum strides across the training pitch of the Right to Dream academy, a football centre of excellence nestled in the Ghanaian countryside, and welcomes visitors with an assured handshake. The 14-year-old managed to convince her mother she should go to the school some 100 kilometres (60 miles) east of the capital Accra, because it teaches ...

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