China's crude oil imports fall
BEIJING, Nov 08 (AN): China's crude oil imports slipped 12.2 per cent in October from the previous month as refiners hit the brakes after months of a buying frenzy that had raised crude inventory to a near-full level, and as independent refineries run out of import quotas.China, the world's No.1...
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Airbus in tussle over jet deliveries to China
BEIJING/PARIS, Nov 08 (Reuters): Chinese airlines are shunning some deliveries of Airbus aircraft, citing fears of coronavirus infection for their staff in the latest tussle over efforts to keep delayed deliveries on track despite the pandemic, industry sources said.Airbus has pushed Chinese airlines to take delivery of jets now that...
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Zimbabwe looking underground for golden economic revival
HARARE, Nov 08 (AFP): Reeling from decades of economic mismanagement, Zimbabwe is banking on gold to shore up revenue and tackle the upshots of rampant hyperinflation, corruption and coronavirus restrictions.Global gold prices have surged more than 30 per cent this year, topping a record $2,000 (1,700 euros) an ounce in...
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Egypt's GDP grows despite pandemic
CAIRO, Nov 08 (Arab News): Despite the pandemic and tourism collapse, Egypt is projecting healthy economic growth this year, even as one third of the Arab world's most populous country remains mired in poverty.Critics question, however, how much of the GDP growth is driven by ostentatious mega-projects, such as a...
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Unresolved biofuel policy issues facing next US president
NEW YORK, Nov 08 (Reuters): Big questions remain over how a Joe Biden administration might administer the nation's biofuel law, the US Renewable Fuel Standard (RFS), and the stakes are high for both the farming and oil refining industries.Here are the main issues:Under the RFS, refiners are required to blend...
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