‘Brexit’ blues as plunging currency pounds UK vacationers

Bloomberg Rachel Holdsworth has the “Brexit” blues. The 38-year-old London resident is anxious that her already expensive planned holiday to Norway is getting pricier with each passing day. The pound is sinking under the weight of worry that her fellow subjects will vote to quit the EU. “How much I pay will be entirely dependent on the exchange rate,” says ...

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Strong USA, weak world picture challenges Fed

Washington / AFP Federal Reserve policymakers will hold their finger away from the rate-hike trigger when they meet next week, analysts say, but chances are it could move a bit closer. Meeting after the European Central Bank cut interest rates on Thursday in the face of weakening eurozone economic growth and inflation, the Fed is expected to heed caution even ...

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Maserati recalls sedans on risk of speed bursts from loose mats

Bloomberg Maserati North America Inc. is recalling some of its Quattroporte and Ghibli luxury sedans because of danger posed by the driver-side floor mat, which can become dislodged and stuck in the accelerator. “If the floor mat moves and becomes trapped between the accelerator and the vehicle carpet, it may result in very high vehicle speeds, which could cause a ...

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Argentine court fines Barrick $9mn for spill

Bloomberg Barrick Gold Corp. confirmed that an Argentine court will proceed with criminal charges against nine current and former Barrick employees in connection with a cyanide solution spill last year. Separately, the San Juan provincial government announced it intends to impose a fine of about $9 million against Barrick, the company said in a statement. Confirmation of the charges comes ...

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Brazil’s ailing sugar cane growers get boost from anti-coal push

Bloomberg Global efforts to curb the use of coal-fired power plants may provide a lifeline to Brazil’s embattled sugar cane industry. That’s the bet of companies including Cosan SA Industria e Comercio, co-owner of the world’s largest sugar cane processor, which formed a $130 million joint venture for making sugar cane-based biomass pellets that can be burned to produce electricity. ...

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Syria rivals clash before talks

Geneva / AFP Syria’s warring sides prepared on Sunday for a new round of peace talks after locking horns over the fate of President Bashar Al Assad, with the regime insisting his ouster was a “red line” while the opposition vowed to see him go—dead or alive. The UN-brokered indirect negotiations are due to begin in Geneva on Monday, the ...

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Curfew in Turkey’s mainly-Kurdish towns

Ankara / AP Turkish authorities on Sunday declared new 24-hour, indefinite curfews for two mainly-Kurdish towns where Turkey’s security forces are set to launch large-scale operations to battle Kurdish militants. Turkey has imposed curfews in several flashpoints in the southeast since August to root out militants linked to the Kurdistan Workers’ Party, or PKK, who had set up barricades, dug ...

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Third Kuwaiti found killed in Lebanon

Kuwait City / AP Kuwait’s ambassador to Lebanon says a third Kuwaiti citizen has been killed in the Mediterranean country in the past three days. The official Kuwait News Agency reported late Saturday that Ambassador Abdulaal Al Qenai said Lebanese authorities informed him of the murder in the town of Burj Hammoud, northeast of the capital, Beirut. Two other Kuwaitis ...

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Venezuelans hold rival marches for and against government

Caracas / AP Hundreds of opponents and supporters of President Nicolas Maduro held rival marches in Caracas, with anti-government forces demanding Venezuela’s leader step down and his sympathizers denouncing US. sanctions on some top officials. The marches were animated but peaceful, unlike massive anti-government protests in 2014 that left dozens dead and barricades burning in the streets. Government critics dressed ...

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