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Turkey vows to abandon dollar in trade, business

BISHKEK (Kyrgyzstan), Sept 02 (AFP): Turkish President Recep Tayyip Erdogan on Sunday vowed Ankara would pursue non-dollar transactions in trade with Russia and other countries, accusing the US of behaving like "wild wolves."Both Turkey and Russia are reeling from punitive economic measures imposed by Washington."America behaves like wild wolves. Don't...

Malaysia’s AirAsia drops JV plan to set up base in China

KUALA LUMPUR, Sept 02 (Reuters): AirAsia Bhd, Asia's largest budget airline, said it has dropped plans for a joint venture to establish a low-cost carrier in China, in a setback for its plans to expand in the world's second-biggest aviation market.The Malaysian airline had signed a preliminary agreement last year...

Chad signs deal with Ethiopian Airlines to launch national carrier

ADDIS ABABA, Sept 02 (Reuters): Ethiopian Airlines and the government of Chad have signed an agreement to launch Chad's new national carrier on Oct 1, officials saidrecently.Ethiopia's state-owned flag carrier is in talks with a number of African states to acquire stakes and manage operations - a strategy aimed at...

Russian oil output keeps steady in August near post-Soviet high

MOSCOW, Sept 02 (Reuters): Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and steady near a post-Soviet high as production curbs were eased, Energy Ministry data showed on Sunday.In tonnes, oil output reached 47.41 million versus 47.429 million in July.The Organisation...

‘Swiss canton banks, neutrality are sticking points in EU talks’

VIENNA, Sept 02 (Reuters): Switzerland's talks on a new treaty governing relations with the European Union (EU) remain difficult with state-backed cantonal banks and concerns about the country's neutrality cropping up as hurdles, Finance Minister Ueli Maurer was reported as saying.Ties between the EU and non-member Switzerland are now governed...

EU ends trade controls on Chinese solar panels

BRUSSELS, Sept 01 (Reuters): The European Union (EU) will end restrictions on the sale of solar panels from China early next week in a move that EU producers said would lead to a flood of cheap imports.The European Commission, which coordinates EU trade policy, said in a statement on Friday...

Brazil prosecutors hope to strike deal lifting glyphosate injunction

BRASILIA, Sept 02 (Reuters): Brazil federal prosecutors are negotiating with health authority Anvisa and the agriculture ministry to reach a deal that could lift an injunction against the popular weed-killer glyphosate, a prosecutor on the case told Reuters on Friday.Prosecutors have requested a meeting next week to discuss a deal...

Volkswagen cheats on petrol engine emissions

FRANKFURT, Sept 02 (Reuters): Volkswagen engineers have told investigators that certain petrol engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests, Sunday paper Bild am Sonntag said.A spokesman for Volkswagen - the parent company of Audi and Porsche - said VW would not comment on...

China steelmaker closes again after flouting order to halt

SHANGHAI, Sept 02 (Reuters): A steelmaker in eastern China has been shut for a second time and local authorities reprimanded after the company resumed production without permission having been told to close due to environmental violations, Xinhua reported on Saturday.An inspection team found round-the-clock steel production in late August at...