Oil industry fears more chaos after Colombia rebels disarm

  Bloomberg While Colombia’s recent agreement to end 52 years of internal war with its largest insurgent group has been heralded across the globe as a rare victory for peace, the nation’s oil industry fears the deal may increase turmoil, not reduce it. Parts of the accord with the Revolutionary Armed Forces of Colombia, or FARC, will amplify the risk ...

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Israel to get $38 billion in US military aid over 10 years

  WASHINGTON / AP The United States will provide Israel’s military with $38 billion during the next 10 years, officials said, the largest batch of military assistance the U.S. has ever pledged to another country. Following months of behind-the-scenes negotiations, the State Department said the two countries had reached a 10-year agreement, with a signing ceremony planned for Wednesday. The ...

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China seen investing more in coal power plants

  Bloomberg China may be investing too much in coal power, with construction of new plants accelerating at the same time that demand growth for electricity is slowing, the International Energy Agency said. The world’s biggest investor in fossil-fuel generation started more than 70 gigawatts of new coal projects last year and had 200 gigawatts under construction at the end ...

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Russia may ban Egyptian citrus amid wheat dispute

  MOSCOW / Reuters Russia threatened to ban Egyptian citrus imports on Tuesday, a move that could escalate a trade dispute over exports of Russian wheat to the world’s largest importer of the grain. Moscow said this week it hopes to hold talks with Egypt, its top buyer, over Cairo’s failure to approve Russian wheat shipments since tightening its regulations ...

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Libya unity govt seeks talks after rival seizes oil ports

  Tripoli / AFP The head of Libya’s UN-backed unity government called for urgent talks on Wednesday after forces loyal to a rival administration seized the main eastern oil ports in defiance of world powers. The fighting between the two sides — the first since the unity government started work in the capital Tripoli in March — was the latest ...

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Indonesian clerics issue fatwa against forest fires

  Jakarta / AFP Indonesia’s top Islamic clerical body said on Wednesday it has issued a fatwa against intentionally starting forest fires in a bid to stop the blazes that cloak Southeast Asia in haze every year. The religious edict by the Indonesian Ulema Council said it was “haram”, or against Islamic law, for Muslims to start fires on purpose ...

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N Korea says floods ‘worst disaster’ since WWII

  Seoul / AFP Floods in North Korea that have left hundreds dead or missing are the “worst disaster” to hit the country since World War II, state media said on Wednesday. The official KCNA news agency did not give exact numbers of those killed or unaccounted for, but a UN report said 138 people have died and 400 are ...

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Maldives opposition leader in talks to ‘topple’ president

  Colombo / AFP Exiled Maldives opposition leader Mohamed Nasheed has said he is in talks with the former president, who repeatedly threw him in jail, to “legally topple” the current leader of the troubled honeymoon islands. Nasheed became the first democratically elected president of the Maldives in 2008, but now lives in exile in London after he was jailed ...

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Strongest typhoon in 21 years hits Taiwan

  Taipei / AFP Parts of Taiwan were brought to a standstill on Wednesday as super typhoon Meranti skirted past the island’s southern tip, bringing the strongest winds in 21 years and disrupting traffic ahead of a major holiday. Although typhoon Meranti did not make landfall, the storm brought violent winds and torrential rain to eastern and southern Taiwan. At ...

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Syria truce holds but aid deliveries delayed

  Aleppo / AFP Besieged Syrian civilians waited desperately for aid on Wednesday as relief convoys remained on hold despite a significant drop in violence under a ceasefire brokered by Washington and Moscow. The truce that began at sundown on Monday is part of the latest bid to end a five-year conflict that has killed more than 300,000 people. The ...

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