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French bank SocGen settles dispute with Libyan Investment Authority

A view shows the logo on the headquarters's of French bank Societe Generale at the financial and business district of La Defense, west of Paris, France, April 18, 2017. REUTERS/Benoit Tessier

French bank Societe Generale (SOGN.PA) and the Libyan Investment Authority (LIA) have signed a confidential agreement to settle a legal dispute regarding a case focused on five trades totaling $2.1 billion, executed between 2007 and 2009. “Societe Generale and the Libyan Investment Authority (LIA) jointly announce that they have signed a confidential settlement agreement that resolves all matters between both ...

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Banned at sea: Venezuela’s crude-stained oil tankers

The oil tanker Caspian Galaxy sits anchored near Amuay beach, in Punto Fijo, Venezuela March 30, 2017. Picture taken March 30, 2017. REUTERS/Stringer

In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can’t set sail in international waters. The vessel is among many that are constantly contaminated at two major export terminals where they load crude from Venezuela’s state-run oil company, PDVSA. The ...

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U.K:Barclays security chief faces disciplinary action


The head of security at Barclays faces an internal disciplinary probe over his part in a whistleblowing inquiry, the BBC understands. UK financial regulators have opened an investigation into Barclays boss, Jes Staley, over the whistleblowing case. Mr. Staley asked the bank’s security chief, Troels Oerting, to find the author of an anonymous letter. The letter questioned the past conduct ...

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Europe:Investors swoop on stocks as geopolitical strains simmer

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, April 11, 2017. REUTERS/Staff/Remote

A break in alarming political news lifted European stocks on Wednesday and cooled a safe-haven rally that saw the yen and gold at five-month highs and top-rated government bond yields at their lowest this year. The mood remained skittish though, tarnishing an otherwise brightening outlook for global economic growth, and meant that what looked set to be oil’s LCOc1 longest ...

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UK PM May says govt will act where consumer markets not working

Britain's Prime Minister Theresa May leaves 10 Downing Street in London, March 29, 2017. REUTERS/Hannah Mckay

The British government is prepared to intervene in consumer markets to reduce costs for bill payers, Prime Minister Theresa May said on Thursday. “We believe in the good that government can do – locally and nationally,” May said at the launch of her Conservative Party’s local election campaign. “So where consumer markets are not working in the best buy accutane ...

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Berlin ground staff strike, hundreds of flights canceled


Ground staff at Berlin’s two airports have gone on strike for the second time in four days, forcing the cancellation of hundreds of flights. The ver.di union called on staff at the Tegel and Schoenefeld airports to walk out from 4 a.m. (0300 GMT) Monday until 5 a.m. (0400 GMT) Tuesday. The strike follows a similar all-day walkout on Friday. ...

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UK poised to trigger Brexit this week — Here’s what you need to know


Complex talks to prepare the U.K.’s departure from the European Union could begin this week with lawmakers expected to finish debating a bill that would give Prime Minister Theresa May permission to formally start the Brexit process. The government has previously stated that May would trigger Article 50 by the end of the month, but a so-called Brexit bill could ...

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Europe:Vodafone to add over 2,000 British jobs to improve services

Branding for Vodafone is seen on the exterior of a shop in London, Britain, September 10, 2015. REUTERS/Toby Melville

Mobile operator Vodafone will create 2,100 new customer service jobs across Britain in the next two years as part of an investment drive to improve operations in its home market. The world’s second-biggest mobile operator, which competes with BT’s EE, Telefonica’s O2 and Hutchison’s Three in Britain, has been struggling in the market with a move to a new billing ...

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Europe stocks inch up, dollar rises before jobs data

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, March 3, 2017. REUTERS/Staff/Remote

European shares edged up on Wednesday after minor gains in Asia as Chinese import data signaled a recovering economy, while the dollar rose before jobs numbers that could help cement expectations that U.S. interest rates will rise next week. The pan-European STOXX 600 index inched up 0.1 percent, after falling for the previous four trading days. Banks .SX7P rose, while ...

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