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Thousands march for Turkish democracy

Turkey military politics coup rally

  Istanbul / AFP Hundreds of thousands of people gathered in Istanbul on Sunday for a pro-democracy rally organised by the ruling party, bringing to an end three weeks of demonstrations in support of President Recep Tayyip Erdogan after last month’s failed coup. Followers of Erdogan’s Justice and Development Party (AKP) have taken to the streets every night since the ...

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Egypt’s Suez Canal revenues up to $3.183bn

Egyptian president abdel fattah al sisi greets abdel hakim nasser, son of egypt's former president gamal abdel nasser, during the first anniversary of launching the new suez canal and the 60th anniversary of nationalizing the suez canal in ismailia

  AGENCIES Revenue from Egypt’s Suez Canal reached $3.183 billion in the period between January 1 and August 6, up 4 percent from $3.059 billion in the same period last year, the Suez Canal Authority Chairman said. Mohab Mameesh, who was speaking at a one-year anniversary celebration of the opening of an expansion to the canal, said the canal’s revenues ...

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Louisiana leaders blame Big Oil for coastal ruin

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  AP The oil industry has left a big footprint along the Gulf Coast, where a Delaware-sized stretch of Louisiana has disappeared. But few politicians would blame Big Oil for ecosystem abuse in a state where the industry employs up to 300,000 people and injects $73 billion into the economy. Following the lead of Gov. John Bel Edwards, Louisiana political ...

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Deal to bring electricity to Navajo Nation

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  AP More than 1,000 Navajos who live without electricity in their homes soon could get power for the first time as the tribal utility buys a system of rural Utah substations and electrical lines under the terms of a decades-old deal with a power company. Across the 27,000 square-mile Navajo Nation, an estimated 15,000 people live off the grid ...

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Four-month hangover from Singapore fuel oil party ends

Singapore trade declines in july 2014

  Reuters Singapore’s long hangover from a near-record fuel oil trading binge in March is ending as tonnage traded that month and held offshore moves into landed tanks, signalling a tighter market in the world’s biggest trading hub for the shipping fuel. The excess floating storage taken up in March is now virtually empty. With fuel oil supplies coming into ...

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Apple buys AI startup Turi for $200 million

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  Bloomberg Apple Inc. acquired artificial intelligence startup Turi Inc. for about $200 million, according to people familiar with the situation, in the latest deal by the iPhone maker to accumulate advanced computing capabilities for its products and services. Turi helps developers create and manage software and services that use a form of AI called machine learning. It also has ...

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UK mulls directly paying Britons affected by fracking

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  London / Bloomberg Britons living close to fracking wells could be paid some of the proceeds under proposals being considered by the UK government. Prime Minister Theresa May has added an option to proposals to be consulted on this week that money from the fund set up to compensate areas hosting shale gas extraction sites be paid directly to ...

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Tesla to roll out driverless trucks within decade

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  California / Bloomberg The chief executive officer of the Nordic region’s biggest road transport company predicts the trucks he relies on can start operating without drivers within the next 5-10 years. Jens Bjoern Andersen, who drives a Tesla to work every day, giving him a first-hand view of how the technology is advancing, says the know how is already ...

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Argentina’s $8bn tax-amnesty bonds

  Buenos Aires / Bloomberg Argentina plans to sell as much as $8 billion in bonds that pay little to no interest as one of the options available for tax evaders seeking to repatriate money held abroad. Argentina will offer as much as $3 billion of three-year bonds that pay no interest and $5 billion of notes due in 2023 ...

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Philippines slaps $21.3mn fine on Rizal Bank for heist

Philippine senate investigates alleged 100 us million dollars laundered in the philippines

  Bloomberg The Philippine central bank has slapped a 1 billion-peso ($21.3 million) penalty on Rizal Commercial Banking Corp. for violations of banking rules in connection with the $81 million theft of Bangladesh Bank reserves. The amount is the largest fine meted out to a lender by the Bangko Sentral ng Pilipinas, it said, without detailing the violations committed by ...

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