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Pressure builds as retailers near holiday finish lineAfter buying and remodeling a home, Karin Gilles and her husband, Dave Muilenburg, are not splurging on holiday gifts this year - no matter how drastically retailers slash prices to lift sales in a shopping season that peaks this weekend. The couple, instead, is focusing on " More… |
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Africa's oil refining ambitions fadingAfrica's efforts to supply more of its booming demand for fuel are being dashed by fierce competition from foreign oil refiners and traders flooding the $80 billion market with imports. African governments want more oil refineries to cut fuel import bills and get better value More… |
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China moving closer to its ‘Dubai moment’(The author is a Reuters Breakingviews columnist. The opinions expressed are his own) China's reform drive is getting closer to its "Dubai moment". The emirate's 2009 refusal to bail out its flagship holding company shocked lenders who had assumed all d More… |
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Local dealers whet Iran's appetite for US muscle carsSnow falls heavily on the busy street. A fresh white blanket blurs the sleek lines of a Dodge Challenger - an iconic vehicle that defines the United States' love affair with muscle cars. This is not New York, Montreal or Tokyo but Tabriz, a city in north-west Iran showcasing More… |
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Libya steps up fuel imports as strikes hit refineryLibya is stepping up fuel imports, with four tankers queuing at one port as the Opec producer's second-largest refinery is running at only half its capacity due to oilfield strikes, a senior official said. A mix of militias, tribesmen and civil servants demanding political ri More… |
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Batelco's foreign ambitions crimpedAttempts by Batelco, a leading telecom operator in Bahrain, to offset shrinking earnings at home by expanding abroad have run into trouble as parts of its biggest acquisition have fallen foul of regulators. Lacking the firepower of Gulf rivals for multi-billion dollar deals, stat More… |
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Saudi expulsions leave broken dreams in Africa, AsiaMore than a million people from across the world - managers, maids, accountants and laborers - have left Saudi Arabia since March, after years or even decades working in the Gulf state, which sustains its own citizens with oil revenues. Around 120,000 Ethiopians have been deporte More… |
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Libya coastguard ill-equipped for big missionWhen Libyan coastguard officer Ashraf El-Badri needs to dispatch a boat to stop illegal migrants heading for Europe, his options are limited - ask the oil ministry for a tug, use an ageing fishing boat or board an inflatable. European governments are counting on officials like Ba More… |
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Gifts help exercisers heat it up and cool it downFrom sophisticated activity trackers and chest-mounted cameras to massage rollers and yoga toes, fitness experts say gifts for people trying to get in shape or stay that way include everything from high-tech toys to basic workout gear. Marathoners, yoga instructors and other heal More… |
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Syria using red tape, threats to control UN aid agenciesIt is a 15-minute drive from the five-star hotel that houses UN aid staff in Damascus to rebel-held suburbs where freezing children are starving to death. Yet it is months since convoys from the United Nations and other agencies have delivered food or medical care to many such ar More… |
