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EU Nations Agree to Quit International Energy Treaty

European Union countries have unanimously agreed to jointly quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts to fight climate change, the Belgian

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ConocoPhillips to Buy Marathon Oil in $22.5bn Deal

ConocoPhillips has agreed to buy Marathon Oil in a $22.5 billion deal, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster

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UAE, South Korea Agree to Slash Import Duties

South Korea and the United Arab Emirates signed a trade agreement at a summit to sharply cut import duties and forge closer business and investment ties. “The special bond between

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Apple Set to Open First Store in Malaysia

Apple plans to open its first store in Malaysia next month, the company has said, underscoring a bigger push into the Asia region beyond China. The store will be located

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Kingdom Holding Among Investors in xAI

Saudi Arabia’s Prince Alwaleed Bin Talal and Kingdom Holding Company (KHC) have doubled down on Elon Musk, emerging as backers of the tech billionaire’s start-up, xAI. In a blog post

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Toyota Unveils New Generation Compact Engines

Toyota Motor has showcased next-generation engines that can be used in cars as varied as hybrids and those running on biofuel, as it targets tougher emissions standards and doubles down

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Chinese Programme Returns in Africa Post Covid

China’s flagship economic cooperation programme is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to lending, investment and trade data. Chinese leaders have

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Oil Demand Expected to Rise Until 2034

Goldman Sachs has raised its global oil demand forecast for 2030 and expects consumption to peak by 2034 on a potential slowdown in electric vehicle (EV) adoption, keeping refineries running

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Luna Systems Launches Camera for Bike Safety

Luna Systems, a specialist in AI-powered safety solutions for micromobility, has announced a crowdfunding campaign for what it claims is a groundbreaking product. Launching on June 5, Luna Oculus consists

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China Forms Third Fund to Prop Semiconductor Sector

China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with

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