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Aussie pipeline king gets plaints over monopoly prices

  Bloomberg  After a decade of unrivaled expansion, Australia’s largest gas-pipeline owner is facing growing pains. Complaints from industrial gas users, frustrated by supply shortages and hefty price spikes following the start of Queensland’s liquefied natural gas export plants, sparked a regulatory review last year aimed at boosting competition in the eastern seaboard market. APA Group Ltd. is now looming ...

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India launches app to monitor pollution

  AP  India’s capital, laboring under the label of being the world’s most polluted city, is trying something new to help clean up its air. A smartphone application that allows residents to report the presence of construction dust or the burning of leaves and garbage in New Delhi’s public parks to authorities was launched on Friday. The “Hawa Badlo,” or ...

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EU’s Schulz ‘optimistic’ trade pact with Canada can be saved

  Bloomberg European Parliament President Martin Schulz said he’s optimistic he can salvage a trade deal between Europe and Canada after talks broke down on Friday amid opposition from the Belgian region of Wallonia. Schulz met Canada’s International Trade Minister Chrystia Freeland in Brussels on Saturday and had separate talks with Wallonia’s Minister-President Paul Magnette. Negotiations to rescue the Comprehensive ...

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GE cuts sales outlook amid oil woes

  Bloomberg General Electric Co. may not grow this year as low oil prices, a strong dollar and a sluggish economy crimp demand for oilfield equipment and locomotive parts, a setback for Chief Executive Officer Jeffrey Immelt as he pursues a sharpened focus on manufacturing. The stock fell after GE cut its outlook for organic sales growth, projecting the figure ...

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Germany’s long-suffering savers fear inflation

  Bloomberg In Germany, fretting about inflation is a political currency that never seems to lose its value. In the past week, for example, at least three national newspapers have run prominent articles telling the populace that their savings — denied the magic of compound interest by the European Central Bank’s low-rate policies — are in for a renewed onslaught ...

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Canadian economy hit as deal collapses

  Bloomberg Canada’s listing export sector took another blow as talks to seal a trade deal with the European Union broke down, adding to questions about what will drive the economy forward. The country is already facing three straight years of growth below 2 percent, the weakest stretch since at least the 1960s. Business spending is still hurting from the ...

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China to surpass USA as world’s largest aviation market by 2024

Bloomberg China is set to overtake the US to become the world’s largest aviation market by passengers by 2024 as more people take to the skies domestically and internationally, according to the International Air Transport Association. The number of people flying to, from and within China will almost double to 927 million annually by 2025, from 487 million last year, ...

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Lufthansa ups forecast on premium-class bookings

  Bloomberg Deutsche Lufthansa AG raised its 2016 profit forecast after premium-class bookings beat the airline’s expectations and as fuel costs decline. The stock rose the most in eight years. Adjusted earnings before interest and taxes this year will about match the 2015 figure, bolstered by a projected decrease of 140 million euros ($154 million) in fourth-quarter fuel expenses, the ...

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Bombardier to slash 7,500 more jobs

  Bloomberg Canada’s plane and train maker Bombardier said it was cutting 7,500 jobs, its second major layoff announcement this year following delays in deliveries of its C-series airplanes. The job cuts, to be completed by the end of 2018, are expected to mostly hit administrative posts, with two-thirds from the transport division, a Bombardier spokesman said. These layoffs come ...

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Avianca Brasil sued over missed payments

  Bloomberg Oceanair Linhas Aereas SA, which operates as Brazilian airline Avianca Brasil, hasn’t paid more than $4 million in lease payments for one of its Airbus A330 airplanes, according to a lawsuit filed by Wells Fargo & Co. The complaint, filed Oct. 14 in federal court in Manhattan, claims the airline is behind on $4.64 million in payments to ...

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