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Algeria to invite bids to build three solar power plants

  ALGIERS / Reuters Algeria plans to invite bids for construction of three photovoltaic solar power plants with total capacity of about 4,000 megawatts (MW), and several energy and financial firms are already interested, the energy ministry said. Algeria, member of the Organization for the Petroleum Exporting Countries, has been exploring renewable energy as a way to meet growing demand ...

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India’s oil imports from Iran jumps to record high

  Bloomberg India’s Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year. India, Iran’s biggest oil buyer after China, was among a handful of countries that continued to deal with Tehran despite Western sanctions over its nuclear programme. Refiners ...

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Crude caps second weekly gain

  Bloomberg Crude capped a second weekly gain after briefly spiking on the first armed strike by President Donald Trump’s administration. Futures settled at the highest level in a month in both New York and London. Russia’s deal with OPEC to cut crude supply hasn’t delivered as much as expected, according to Deputy Prime Minister Arkady Dvorkovich. OPEC ministers will ...

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‘India could win from a US-China trade row’

  Bloomberg The prospect of a trade war between China and the US elicits frequent warnings of the risk to the global economy. India sees it somewhat differently. Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against ...

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Toshiba narrows group of bidders for chips business

  Bloomberg Toshiba Corp. has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai Precision Industry Co. and Korea’s SK Hynix Inc., according to people familiar with the matter. The other remaining contenders include private equity firm Silver Lake Management and chipmaker Broadcom, which are collaborating ...

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Dairy sector appeals to Trump over ‘Canada curbs’

  Bloomberg The US dairy industry is appealing to President Donald Trump for help after Canadian companies halted some imports, exacerbating a glut of milk on the American side of the border and forcing one of the country’s biggest butter producers to scrap supply contracts with farmers. Some US dairy companies say that in the past week, they’ve lost all ...

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Twitter drops suit after US gives up on unmasking Trump critic

  Bloomberg Twitter Inc. is dropping its free-speech lawsuit against the Trump administration over the government’s effort to unmask users critical of the president’s policies. Twitter said in a court filing, a day after it filed the case, that the US had withdrawn its summons to learn the identity of one of the so-called ALT handles purported to be the ...

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Parliamentary disaster of United States of America

  America’s Congress is quietly becoming a European-style parliament — and the transformation isn’t for the good. Congress is fanning, not defusing, conflict. Although I have written about this before, the issue is worth revisiting, because its significance is underappreciated and it helps explain the brutal bitterness of today’s politics. Witness the acrimonious debate over Supreme Court nominee Neil Gorsuch ...

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Amazon finds it hard to make friends it will crush later

  Amazon is taking over the world. And paradoxically that may hurt Amazon’s ability to take over the world. It’s been clear for a while that Amazon’s ambitions know few bounds. Sure, Amazon is a global shopping mall. But it’s also making its own household products like baby wipes and batteries, becoming a silent giant in advertising, opening its own ...

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