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India, Russia sign 28 investment deals -foreign secy

NEW DELHI (Reuters) – India and Russia signed 28 investment pacts on Monday, including deals on steel, shipbuilding, coal and energy, India’s Foreign Secretary Harsh Vardhan Shringla said. India has also begun to receive S-400 missiles from Russia this month, Shringla said, adding that supplies would continue. (Reporting by Neha Arora and Alasdair Pal; Editing …

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BP says Brent benchmark reform should include U.S. oil, dump Brent

By Julia Payne LONDON (Reuters) -BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have evaporated, according to a document seen by Reuters. Dated Brent, the S&P Global Platts benchmark set up over …

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Exxon Mobil to achieve net zero GHG emissions in Permian operations by 2030

(Reuters) -Oil major Exxon Mobil Corp said on Monday it aims to achieve net zero greenhouse gas (GHG) emissions from working assets in the U.S. Permian basin by 2030, expanding its emission-reduction plans for unconventional operations in New Mexico and Texas. Investors and governments have been increasing pressure on energy companies to fight against climate …

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U.N. approves decision that keeps Taliban, Myanmar junta out for now

By Michelle Nichols UNITED NATIONS (Reuters) – The U.N. General Assembly on Monday backed postponing a decision on rival credential claims for the seats of Afghanistan and Myanmar, which means the Taliban and Myanmar junta will not be allowed into the 193-member world body for now. Rival representation claims were made with the Taliban and …

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UniCredit’s Orcel pledges profitable new chapter for Italian bank

(Refiles to correct to “this week” in lead) By Valentina Za MILAN (Reuters) -Andrea Orcel must convince UniCredit investors that he can deliver on a promise to grow the Italian bank profitably when he presents its new strategy this week. And after spurning a merger with state-owned Monte dei Paschi, the chief executive is still …

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South African rand firmer on early signs Omicron causing mild infections

JOHANNESBURG (Reuters) -The South African rand firmed on Monday on signs the Omicron coronavirus variant driving a fourth wave of COVID-19 infections in the country may be causing mainly mild infections. At 1500 GMT, the rand traded at 15.9025 against the dollar, 1.04% firmer than its previous close. Anecdotal accounts from South African doctors and …

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Canada’s ambassador to China to leave post after helping free detainees

By David Ljunggren OTTAWA (Reuters) -Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect on Dec 31, leaves a crucial diplomatic post open …

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Myanmar’s deposed leader Suu Kyi found guilty in widely criticised trial

(Reuters) -A court in military-ruled Myanmar found deposed leader Aung San Suu Kyi guilty of charges of incitement and breaching coronavirus restrictions on Monday, drawing international condemnation of what critics described as a “sham trial”. Suu Kyi is set to serve two years in detention at an undisclosed location, a sentence reduced from four years …

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