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‘Mideast serves as bridge connecting China with Africa, Europe under B&R initiative’

CAPPADOCIA, Turkey, June 24 (Xinhua): Middle East serves as a bridge that connects China with Africa and Europe under the Belt and Road (B&R) Initiative, a Turkish expert said in a recent interview with Xinhua.Tugrul Keskin, a Turkish professor from China's Shanghai University, noted that China has increased its investment...

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Airbus could leave UK if no Brexit deal

LONDON, June 24 (AFP): Aviation giant Airbus has warned it could pull out of Britain if it leaves the European Union (EU) without a deal. The company mounted pressure recently on Prime Minister Theresa May to make progress in negotiations with Brussels.The European group, which directly employs nearly 15,000 people...

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Saudi Arabia raising oil production

VIENNA: Saudi Arabia said on Saturday it was substantially increasing oil production in an effort to cool down rising prices and head off potential future shortages, reports The New York Times.Khalid al-Falih, the Saudi energy minister, told journalists at the headquarters of the Organisation of the Petroleum Exporting Countries here...

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Greece debt deal to give ‘short-term’ relief only

The new deal that Greece has signed with the European Union does not hold enough debt relief to keep the crisis-hit country out of trouble for a long term, Jubilee USA Executive Director Eric LeCompte has observed.Parts of the deal provide more breathing space for a short term, Mr LeCompte...

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Tesla to close a dozen solar facilities in nine states

LOS ANGELES/SAN FRANCISCO, June 24 (Reuters): Electric car maker Tesla Inc's move last week to cut 9.0 per cent of its workforce will sharply downsize the residential solar business. It bought the business two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven...

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