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Business

Phillips 66 to boost spending on chemicals, renewable fuels

By avivopurcom December 27, 2022December 21, 2022

U.S. oil refiner Phillips 66 (PSX.N) on Friday said it will raise spending on new projects next year by about 6%, putting more into renewable fuels and pipeline businesses. Total…

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Business

Big Oil does little to act on climate despite vows U.S. House panel

By avivopurcom December 26, 2022December 21, 2022

Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House panel said about documents released…

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Business

Gasoline queues return in Venezuela as refineries fail to produce

By avivopurcom December 25, 2022December 21, 2022

Long lines for motorists at Venezuela's refueling stations are back due to repeated outages at state oil company PDVSA's refineries and a lack of diesel and gasoline imports. In 2020…

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Business

Ericsson and Apple end patent-related legal row with licence deal

By avivopurcom December 24, 2022December 21, 2022

Ericsson (ERICb.ST) said on Friday it had struck a global patent licence agreement with Apple (AAPL.O), ending a row over royalty payments for the use of 5G wireless patents in…

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Business

Norway’s Reitan Retail buys 114 Danish stores from Germany’s Aldi

By avivopurcom December 23, 2022December 21, 2022

Norway's Reitan Retail said on Friday it had agreed to buy 114 Danish grocery stores and three distribution centres from German rival Aldi for an undisclosed amount, boosting the Norwegian…

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Business

Warner Bros TV channel executives leave amid restructuring

By avivopurcom December 22, 2022December 21, 2022

Two of Warner Bros. Discovery (WBD.O) executives leading TV channels left the company as part of ongoing restructuring at the media giant, according to an internal memo. Nancy Daniels, who…

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Business

Turquoise Hill shareholders approve Rio Tinto’s $3.3 billion buyout bid

By avivopurcom December 21, 2022

Shareholders of Canada's Turquoise Hill (TRQ.TO) on Friday voted in favour of Rio Tinto's (RIO.L), (RIO.AX) $3.3 billion bid to take it private and gain direct control over a giant…

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