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IEA issues ‘dire warning’ on CO2 emissions as it predicts 5% rise
Global CO2 emissions from energy are seen rising nearly 5 percent this year, suggesting the economic rebound from COVID-19 could be “anything but sustainable” for the climate, the International Energy Agency said on Tuesday.
The IEA’s…
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Morocco’s Managem to Expand Gold Mining Portfolio From 20% to 50%
The Moroccan mining giant Managem Group is aiming to expand the share of gold in its portfolio, from 20% to 50%, in line with growing production in its Sudan mine.
According to the company’s CEO, Imad Toumi, the expansion of the Gabgaba…
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Bitcoin tumbles 7.7% to $55,408 on Sunday
Bitcoin fell 7.7 percent to $55,408.08 early Sunday, wiping more than $4,600 from the value of the world's biggest cryptocurrency.
Ether, the coin linked to the ethereum blockchain network, also dropped by about 6.5 percent to $2,165.91.…
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China’s GDP jumps record 18.3%
China’s economic recovery quickened sharply in the first quarter to record growth of 18.3 percent from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.…
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Amazon conciliatory as US eyes regulation
US tech giant Amazon on Thursday sounded conciliatory notes as the US government considers stricter regulatory measures against America’s largest digital platforms.
Founder Jeff Bezos told investors his e-commerce empire needs a better…
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Sanctioned Russian IT company partners with Microsoft, IBM
The US Treasury Department on Thursday slapped six Russian technology companies with sanctions for supporting Kremlin intelligence agencies engaged in “dangerous and disruptive cyberattacks.”
But only one of them stands out for its…
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$ 100 billion market value of a cryptocurrency company
Coinbase, the largest exchange for digital currencies and Bitcoin, recorded a market value of about $ 100 billion, in the list of the stock market.
The share price in the company after its first offering reached $ 381.
The new…
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Egypt’s petroleum sector made up 24% of GDP
The oil and gas sector contributed 24 percent of Egypt’s gross domestic product (GDP) in 2020 and was one of the key sectors that helped rebuild the country’s economy in the wake of the economic challenges since 2011, according to a senior…
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ADNOC shipping arm buys two supertankers
The shipping and maritime logistics unit of the Abu Dhabi National Oil Company (ADNOC) has acquired two Very Large Crude Carriers (VLCCs), boosting its fleet to eight.
The massive tankers can carry around two million barrels of oil.…
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Foreign firms vie to rebuild ravaged Beirut port
Eight months after a massive blast ripped through Beirut port and nearby districts of the Lebanese capital, a host of foreign companies with different national interests are competing to rebuild it.
“Everyone has their eyes on the port:…
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