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Poland isolation shown as EU flays PM over judicial reform

Bloomberg Polish PM Mateusz Morawiecki faced off against European Union lawmakers over a domestic judicial overhaul that has put a political and legal EU pinch on Poland, which also risks suffering a financial hit as a result of the dispute. In an appearance at the European Parliament, Morawiecki gave an unabashed defense of Polish legislation that forced two-fifths of Supreme ...

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Terrorism focus of Macron-Buhari talks in Nigeria

Bloomberg French President Emmanuel Macron discussed ways to intensify the battle against terrorism in West Africa during talks with Nigerian leader Muhammadu Buhari. Nigeria’s fight against the nine-year-old Boko Haram insurgency in the far northeast has left more than 20,000 people dead and forced millions to flee their homes. In the semi-arid Sahel region south of the Sahara desert, France ...

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Najib pleads not guilty to corruption charges in 1MDB case

Bloomberg Malaysia’s former leader Najib Razak has pleaded not guilty to charges of corruption and criminal breach of trust in connection with a multibillion-dollar scandal surrounding state fund 1MDB. Appearing in the High Court on Wednesday, Najib was granted bail of 1 million ringgit ($247,000) and ordered to surrender his passports. He faces three counts of criminal breach of trust, ...

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German SPD cites progress towards backing Merkel’s migration deal

Bloomberg Germany’s Social Democrats said they’re moving towards a possible deal with Chancellor Angela Merkel to back a policy shift on migration that avoided a breakup of her own party bloc. Differences remained after Merkel and her Bavarian sister party presented the updated refugee policy to the Social Democrats, her junior coalition partner, during a meeting in Berlin. The three ...

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Ivory Coast to appoint new govt after cabinet resigns

Bloomberg Ivory Coast Prime Minister Amadou Gon Coulibaly will appoint a new cabinet after the government resigned as the main political alliance is increasingly divided over the nomination of its candidate in 2020 presidential elections. Coulibaly was immediately reappointed to his post and has been asked to form a government with members of the ruling Rally of Houphouetists for Democracy ...

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Venezuela says China investing $250 million to boost oil output

Bloomberg Venezuela’s distressed oil sector may get some much needed financing from China, Finance Minister Simon Zerpa said after meetings with officials from China Development Bank and China National Petroleum Corporation. China Development Bank will invest more than $250 million to boost Venezuela oil production in the Orinoco Belt, Zerpa, who is currently in Beijing for bilateral talks, said in ...

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Canadian oil set for gains with transport woes seen abating

Bloomberg Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and US refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte. Western Canada Select at the Hardisty hub will average C$53.35 this year and climb to C$54.55 a barrel next year, according to a ...

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Sweden to reach renewables target 12 years early on wind surge

Bloomberg Swedish utilities and power generators have already installed so many wind turbines that the Nordic nation is on course to reach its 2030 renewable energy target late this year. By December, Sweden will have 3,681 wind turbines installed, lobby Group Swedish Wind Energy Association estimates. Together with second-half investment decisions, that will be more than enough capacity to meet ...

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Madagascar turns to solar to cut energy costs

Bloomberg Madagascar’s state power utility may become profitable by 2020 as the nation builds more solar plants to cut electricity-production costs, Energy Minister Lanto Rasoloelison said. The government is overhauling the state-owned power company, known as Jirama, with World Bank help as it seeks to provide universal electricity access by 2030 in a country where less than one in seven ...

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Micron’s China ban latest blow to chipmaking giants

Bloomberg The decision by a Chinese court to temporarily ban some sales by Micron Technology Inc. adds to a series of setbacks for the world’s chipmaking giants in their most important market. Micron, which has been caught up in dueling intellectual property lawsuits with United Microelectronics Corp., received a preliminary injunction from the Fuzhou Intermediate People’s Court in Fujian province ...

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