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US bans cotton imports from China's XPCC

The Trump administration expanded economic pressure on China's western region of Xinjiang on Wednesday, banning cotton imports from a powerful Chinese quasi-military organisation that it says uses the forced labour of detained Uighur Muslims, reports Reuters.The US Customs and Border Protection agency said the "Withhold Release Order" would ban cotton...

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Flybe 2.0 closer as owner applies for air operator certificate

LONDON, Dec 03: Britain's much-missed regional carrier Flybe has moved a step closer to making a comeback, as details have emerged of the airline's new owner applying for a UK operating license. But with no planes, no people, and likely no slots at major airports, it will be a tough...

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OPEC+ working on compromise for 2021 policy

LONDON, Dec 03: OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters.The Organisation of the Petroleum Exporting Countries,...

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Greenback remains poised to test gold's $1,850 amid weaker USD, golden cross

NEW YORK, Dec 03: Gold gained further ground heading into the European open, sitting at the highest levels in a week at US $1,837 an ounce, report agencies.The bulls continue to cheer the renewal of the US fiscal stimulus talks, with a much larger than the previously proposed aid package...

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Sky's the limit for US steel prices

WASHINGTON, Dec 03 (Reuters): US buyers are taking a break from the current dizzying surge in steel prices, but as they tuck into their Thanksgiving meals, many will be wondering what awaits them on their return to the negotiating table.Following a rapid recovery over the past three months, the price...

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