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Rival parties open to cooperate against Thai junta

Bloomberg Thailand’s two major political parties, which have battled viciously over the past decade, are open to joining hands after the next election to blunt the power of unelected officials. In separate interviews last week, a top leader of the Pheu Thai party affiliated with former Prime Minister Thaksin Shinawatra and Democrat party head Abhisit Vejjajiva didn’t rule out an ...

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Duterte orders arrest of critic over 2003 mutiny

Bloomberg Philippine President Rodrigo Duterte ordered the arrest of one of his top critics over a failed mutiny more than a decade ago, in what observers see as his latest move to silence political opponents. In a proclamation dated August 31 that was published in the Manila Times’ classifieds on Tuesday, Duterte revoked an amnesty granted to Senator Antonio Trillanes ...

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South Sudanese vow to stop running as peace deal calms guns

Bloomberg Gunshots and screams rang out as Rosemary Keji fled her village almost two years ago, one of millions of South Sudanese escaping civil war. After finally returning last month, she’s planting potatoes beside her wrecked house in Yei River state and vowing never to leave again. The 28-year-old mother of two is one of a steady trickle of refugees ...

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Chinese solar giants boost output, chase growth plans

Bloomberg The top solar manufacturers in China are boosting production capacity, betting higher output will help them seize a bigger chunk of the global market that is set for its first-ever annual contraction. JinkoSolar Holding Co., which has lost almost half its market value this year, is ramping up cell and panel capacity and targeting higher-quality production, Qian Jing, vice ...

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Europe should get over oil storage and look to gas, says OIES

Bloomberg Europe’s strategic energy reserves shouldn’t be all about oil. As natural gas gains ground in the global energy transition, the cleanest fossil fuel should be allowed to replace some compulsory crude and oil product storage, according to Thierry Bros, a senior research fellow at the Oxford Institute for Energy Studies (OIES). That would help the region use some of ...

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India’s PVR seeks growth opportunities overseas

Bloomberg PVR Ltd., India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus” is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a telephone interview. PVR also expects to open a nine-screen multiplex in Sri Lanka’s ...

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Germany solar battery sales poised to boom

Bloomberg Solar battery sales in Germany are poised to boom as prices for the facilities continue to drop and homeowners turn to generate their own electricity to shield against rising power prices, the BSW solar lobby said. Total solar battery installs in Germany exceeded 100,000 units this summer and at the current rate of growth may double by 2020, the ...

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White Sasol staff to step up strike

Bloomberg South Africa’s Solidarity labour union plans to escalate a strike at energy and chemicals company Sasol Ltd. from September 6 over the exclusion of white staff from an employee-shareholding plan, deputy General-Secretary Deon Reyneke said. Members of the union began protests including a so-called go-slow at the company on September 3, Reyneke said. The full strike later this week ...

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China explores megamerger of mobile-phone carriers

Bloomberg China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the US over the technology, according to people familiar with the matter. The country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp. but ...

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Tencent-backed Meituan takes orders for $4.4 billion IPO

Bloomberg Meituan Dianping started taking orders for a Hong Kong initial public offering that could raise as much as $4.4 billion as it warned there was no guarantee it would ever become profitable. The restaurant review and delivery giant backed by Tencent Holdings Ltd. is offering 480.27 million new Class B shares at HK$60 to HK$72 apiece, according to terms ...

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