Cashing in on ‘propaganda posters’

  Hanoi / DPA Pham Thi Minh Thinh, a 52-year-old Hanoi native, spent her early childhood amidst the backdrop of catastrophic American bombings against her home city. Born in 1965 at the onset of the US-Vietnam War, she clearly remembers hiding in underground shelters as explosions rocked the surface. “It was a very painful time because the bombs nearly killed ...

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‘Even God is not ending my life’

  KABUL / AP Raheem Rejaey was a drug addict for 17 years. He lived under bridges in Kabul or in the ruins of buildings. His clothes reeked. In his misery, he tried suicide several times, he said, once intentionally overdosing and lying unconscious in a street for two days, undiscovered. So he can feel the pain of other addicts ...

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Russia dominating Europe gas scene for two decades

  Bloomberg Europe has wanted to wean itself from Russian natural gas ever since supplies from its eastern neighbor dropped during freezing weather in 2009. Almost a decade later, the region has never been more dependent. Gazprom PJSC, Russia’s state-run export monopoly, shipped a record amount of gas to the European Union last year and accounts for about 34 percent ...

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Canada may have US to thank for its first-ever LNG exports

  Bloomberg Canada’s first exports of liquefied natural gas may soon be heading overseas — from a port in Louisiana. A year ago, Cheniere Energy Inc. built an LNG export terminal along Louisiana’s coast and became the only company shipping US shale gas by tanker. Now it’s looking for supplies to send abroad from as far off as the Montney ...

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Sasol $11bn US project on track for 2018 start

  Bloomberg Sasol Ltd., the world’s biggest producer of liquid fuels from coal, said the first units at its Lake Charles chemical project will start operating in 2018, as the company reported lower first-half profit because of currency losses and a strike. The Lake Charles project is 64 percent complete and still within its $11 billion budget, co-Chief Executive Officer ...

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Refiners gain as Trump denies change to biofuels rules

  Bloomberg Shares of US refiners pared gains after President Donald Trump’s administration denied that it was considering a proposal to change biofuel blending rules. Billionaire investor Carl Icahn and the leading US biofuel trade group struck a deal to revamp a law that mandates oil refiners to either blend petroleum-based fuels with ethanol and biodiesel, or buy blending credits ...

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BP targets $40 break-even oil price to reassure investors

  Bloomberg BP Plc said it will need a crude price of about $40 a barrel in 2021 to cover spending and dividends, down from $60 this year, as Chief Executive Officer Bob Dudley seeks to reassure investors on the oil major’s growth outlook and finances. The break-even level will fall as BP keeps capital spending at no more than ...

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Australia’s growth comeback may not be as good as it seems

  Bloomberg Australia’s smashing growth may not be quite as good as it seems. It’s clear that China’s renewed resource binge has brought back the good times for its commodity-driven economic satellite, emboldening Aussie households to ease up saving and ramp up spending. And the outlook for the world’s No. 2 economy looks like it will remain good for some ...

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China’s richest win with Trump effect

  Bloomberg Not even Donald Trump can put the brakes on China’s wealth-creation machine. The 36 Chinese billionaires on the Bloomberg Billionaires Index have increased their wealth by 13.2 percent since the real estate mogul was elected US president on Nov. 8, a $39.2 billion increase that’s pushed their combined net worth to $336 billion. The gains top those seen ...

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China to order steel, aluminum curbs to fight pollution

  Bloomberg China has ordered curbs on steel and aluminum output in as many as 28 northern cities during the winter heating season as it steps up its fight against pollution, according to people with knowledge of the matter. The cuts include halving steel capacity in four major cities, including top producer Tangshan in Hebei province, according to the people, ...

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