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OPEC, non-OPEC agree to their first global oil pact since 2001

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some …

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OPEC, non-OPEC agree to their first global oil pact since 2001

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Lawyers seek to launch fresh Brexit challenge in Irish courts

A group of British and Irish lawyers are seeking to challenge Britain's decision to leave the European Union in the Irish High Court to try to establish if Brexit can be reversed once divorce talks have been triggered. The lawyers hope the court in Dublin will ask the European Court of Justice, the EU's highest court, to determine …

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Lawyers seek to launch fresh Brexit challenge in Irish courts

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Murdoch’s new Sky bid should be probed, UK opposition politicians say

Rupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round. Liberal Democrat Vince Cable, who was Britain's business secretary at the time of Murdoch's first bid in 2010-11 told BBC radio the media tycoon's new takeover attempt would not be in the public interest. …

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Murdoch’s new Sky bid should be probed, UK opposition politicians say

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Trump faces dilemma as U.S. oil reels from record biofuels targets

By Chris Prentice NEW YORK (Reuters) – The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over…

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Trump faces dilemma as U.S. oil reels from record biofuels targets

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Unions, gig-economy firms gear up for New York benefits battle

Faced with a barrage of lawsuits from workers demanding benefits and recognition as employees, some companies in the fast-growing 'gig economy' are looking to settle the issues through legislation. Joseph Morelle, the number two Democrat in the New York State…

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Unions, gig-economy firms gear up for New York benefits battle

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Twitter says COO Adam Bain to leave, Noto to take his place

Twitter Inc said on Wednesday that Chief Operating Officer Adam Bain, widely credited with building a robust advertising business at the company even as it struggled with user growth, is leaving to explore other opportunities. “Mr. Bain will remain at Twitter in the coming weeks to assist with the transition of the chief operating officer role,” the company said. The move is a blow for struggling Twitter, which

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Twitter says COO Adam Bain to leave, Noto to take his place

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Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

While there was no prior official view on what the Fed would do if Trump won in a contest where nearly every poll of U.S. voters pointed to a victory for Democrat Hillary Clinton, many had said ensuing uncertainty from an upset might put up a roadblock. When the Fed last hiked, its first in the current cycle off the zero bound, it expected to have delivered four more by now, but was thrown off course several times throughout the year. Inflation has not picked …

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Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

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Dollar rallies against yen, euro as FBI clears Clinton

TOKYO/SYDNEY (Reuters) – The dollar jumped early on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server. Markets have tended to see U.S. presidential

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Dollar rallies against yen, euro as FBI clears Clinton

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German finmin criticizes Volkswagen management over bonuses: paper

Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. “I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and then defend their own bonuses in a public debate,” Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. “That shows that something is not working….

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German finmin criticizes Volkswagen management over bonuses: paper

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Buffett defends Berkshire’s Coke stake, warns on BNSF

Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking to tens of thousands of shareholders at Berkshire's annual meeting in Omaha, Nebraska, Buffett and Vice Chairman Charlie Munger also touched on many other issues including the 2016 U.S. presidential election, the risks of derivatives, and big losses at…

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Buffett defends Berkshire’s Coke stake, warns on BNSF