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Shell has begun the “nightmare” task of extricating itself from its biggest Russian energy project as China’s state-owned companies line up as the only current option for western oil and gas majors divesting Russian assets that much of the world will not touch. The UK-headquartered group is in “early stage negotiations” with Cnooc, CNPC and
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Coronavirus infection rates are falling rapidly across the UK, easing pressure on the strained health service, according to official data. About 3.7mn people were infected with Covid-19 in the week ending April 16, according to Office for National Statistics estimates published on Friday. The latest infection figures are 15 per cent lower than those recorded
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Belgian brewer Anheuser-Busch InBev is in talks to sell its stake in its Russian and Ukrainian joint venture to its Turkish partner, in a deal that could cause a $1.1bn hit to the world’s largest brewer. The maker of Budweiser, Stella Artois and Corona is seeking to sell its non-controlling interest in joint venture AB
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As state after state in America’s conservative heartland adopts reactionary abortion legislation, the beacon of the free world looks bizarrely out of kilter with even socially conservative neighbours like Mexico, where more progressive policies are being implemented. Abortion is already a divisive political issue in the US. It is becoming a business issue too. Companies
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Landscape architect Todd Longstaffe-Gowan’s new book is, as befits its subject, a glorious cabinet of curiosities. Covering a wide selection of idiosyncratic gardeners and their equally singular gardens, it ranges from the early 17th to the early 20th centuries, taking in many of the stranger features of the English tradition of landscape design. Longstaffe-Gowan avoids
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China’s renminbi has followed the Japanese yen’s downward path versus the US dollar. Both countries are sticking with loose monetary policies in sharp contrast to the trajectory of the US. But the similarities end there. Chinese companies have more to gain from a weaker currency. This week marked the renminbi’s biggest slide against the US
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Emmanuel Macron and far-right challenger Marine Le Pen are going head-to-head in a final appeal to voters as the French president tries to avoid an upset and secure an emphatic second-term victory in Sunday’s election. Macron has cemented his frontrunner status in recent days with his poll lead stabilising at around 55 per cent vs
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Dozens of cities in China are in full or partial lockdown in response to the spread of Covid-19 cases, meaning that a population roughly the size of the US has been stuck at home for several weeks, often with limited access to food and medical care. Among those cities in lockdown, Shanghai has received the
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