Tuesday , 16 December 2025

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Israel, Egypt warm up relations over gas deal, fighting terror

  BLOOMBERG When Egyptian President Abdel-Fattah El-Sisi turned a standard speech on electricity supplies into an unexpected appeal for peace between Israel and the Palestinians, one man who wasn’t surprised was Israeli Prime Minister Benjamin Netanyahu. The televised address in May capped months of backstage diplomacy by a group including former British premier Tony Blair. Nearly four decades after their …

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Crucial South China Sea row verdict today

  Bloomberg China has intensified the drumbeat of its opposition to an international tribunal’s ruling expected on Tuesday that could threaten its expansive claims in the South China Sea. How Beijing responds to the ruling in the case filed by US ally the Philippines could chart the course of global power relations in an increasingly dangerous hotspot. It comes as …

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India wants new foreign investment pacts to limit lawsuits

  AP  India has triggered the escape clause on dozens of bilateral investment treaties, aiming to renegotiate toward securing better protection from foreign litigation. The notifications, issued earlier this year, effectively let governments know they have 12 months to broker new treaties before the old ones expire. The changes India seeks could make it harder for foreign investors to legally …

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Russia stalls China’s $1 billion hydropower loan for Mongolia

  Bloomberg Russia’s concern about water rights is holding up a $1 billion loan package Mongolia is seeking from China to build a hydroelectric dam that would help the landlocked central Asian nation ensure independent supplies of energy. The Kremlin said in June the project to build the Egiin Gol Hydro Power Plant on the Eg River in northern Mongolia …

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‘Portugal does not deserve EU penalties over deficit’

  Bloomberg French Finance Minister Michel Sapin said on Monday that Portugal does not deserve EU penalties for government budgetary overruns. “Portugal has made enormous efforts in the past years. It does not deserve excessive discipline,” said Sapin in Paris, speaking on his way to a meeting of European finance ministers. The ministers are meeting in Brussels and are mulling …

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Offshore wind power cost-cut plan gets boost from big firms

  Bloomberg Nine of the world’s biggest offshore wind farm developers joined with the Scottish government to fund a 7.9 million-pound ($10.3 million) study aimed at curbing the costs of the expensive renewable energy technology. Companies including Dong Energy A/S, EON SE, Iberdrola SA and RWE AG, will together invest at least 6.4 million pounds over the next four years …

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Romanian deflation eases as sales-tax cut impact fades

  Bloomberg Romania’s only bout of deflation since the fall of communism eased for the first time in five months as the base effect of a sales-tax cut last year faded, while low oil and energy prices kept price growth subdued. Consumer prices fell 0.7% in June from a year earlier after declining 3.5 percent in May, the National Statistics …

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