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Oil holds near 3-year highs after OPEC+ keep tight control of taps By Reuters

Oil holds near 3-year highs after OPEC+ keep tight control of taps By Reuters

© Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.…

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Is the resource curse hard-baked into African economies? China’s approach hints that it may not be

Is the resource curse hard-baked into African economies? China’s approach hints that it may not be

Countries with abundant natural resources – gold, diamonds, crude oil– often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse. Countries like Nigeria, Angola and the Democratic…

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Russia is building its own kind of sovereign internet — with help from Apple and Google

Russia is building its own kind of sovereign internet — with help from Apple and Google

On September 17, the first day of Russia’s parliamentary elections, Apple and Google agreed to demands from the Russian government to remove a strategic voting app developed by opposition leader Alexei Navalny from the iOS…

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Central bank profits under pressure

Central bank profits under pressure

Profits aren’t the main objectives of a central bank, but a dependence on government to recapitalise the bank can pose a risk to a central bank’s independence. In turn, central bank independence exists in part…

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California oil spill cause probed, ship anchor cited as possibility By Reuters

California oil spill cause probed, ship anchor cited as possibility By Reuters

4/4 © Reuters. Oil slicks float on the water in the Talbert Channel after an oil spill off the coast of California has come ashore in Huntington beach, California, U.S. October 3, 2021. REUTERS/Gene Blevins…

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Puerto Rico has a once-in-a-lifetime chance to build a clean energy grid – but FEMA plans to spend $9.4 billion on fossil fuel infrastructure instead

Puerto Rico has a once-in-a-lifetime chance to build a clean energy grid – but FEMA plans to spend $9.4 billion on fossil fuel infrastructure instead

The Biden Administration has a once-in-a-lifetime opportunity to help Puerto Rico transition to a greener and more resilient energy future, but it’s on the verge of making a multibillion-dollar mistake. Since Hurricane Maria devastated Puerto…

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OPEC+ likely to rollover oil output policy amid COVID uncertainty, sources say By Reuters

OPEC+ likely to rollover oil output policy amid COVID uncertainty, sources say By Reuters

© Reuters. FILE PHOTO: A 3D-printed oil pump jack is seen in front of a displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar…

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Coffee bean prices have doubled in the past year and may double again – what’s going on?

Coffee bean prices have doubled in the past year and may double again – what’s going on?

International Coffee Day feels very different this year. Introduced by the International Coffee Organization (ICO) on October 1 2015 to raise awareness of the product and the challenges faced by producers, the day has usually…

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drone delivery promises comfort and speed, but at a cost to workers and communities

drone delivery promises comfort and speed, but at a cost to workers and communities

Drone delivery company Wing recently celebrated 100,000 deliveries with an unusual burst of media fanfare. Australia is at the forefront of Wing’s plans, with the company’s two biggest trial sites running in Canberra and Logan…

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BoE to close cash distribution centre in 2023

BoE to close cash distribution centre in 2023

The Bank of England will close its cash distribution centre in Leeds, but says it plans to increase its footprint in the north of England. In a statement today (April 22), the BoE said it will…

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