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Fayyad in Egypt for Gas Talks ahead of Jordan Visit

Energy Minister Walid Fayyad is in Egypt and will hold intensives meetings today, Monday with the Egyptian petrol and electricity ministers, media reports said.

The talks will especially focus on “the possibility of expediting the steps aimed at Lebanon obtaining Egyptian gas as soon as possible,” al-Joumhouria newspaper said.

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Leaked Records Open a 'Pandora' Box of Financial Secrets

Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century, according to a review of nearly 12 million files obtained from 14 firms located around the world.

The report released Sunday by the International Consortium of Investigative Journalists involved 600 journalists from 150 media outlets in 117 countries. It's being dubbed the "Pandora Papers" because the findings shed light on the previously hidden dealings of the elite and the corrupt, and how they have used offshore accounts to shield assets collectively worth trillions of dollars.

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Three Workers Died of Covid on Dubai Expo Site, Officials Say

Three laborers died from Covid-19 during construction of Dubai's Expo 2020 site, officials said Sunday, a day after revealing three work-related deaths.

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British PM Sticks to Economic Strategy despite Supply Crisis

Prime Minister Boris Johnson on Sunday refused to return Britain to its "broken" pre-Brexit economy even as the country confronts a supply chain crisis made worse by its EU departure.

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UK Army to Deliver Petrol from Monday amid Fuel Crisis

The British army will begin delivering petrol to fuel stations on Monday after fears over tanker driver shortages led to panic buying and forced the government to offer visa waivers to foreign truckers to plug the shortfall.

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Venezuela Introduces New Currency with 6 Fewer Zeros

A new currency with six fewer zeros debuts Friday in Venezuela, whose currency has been made nearly worthless by years of the world's worst inflation.

The highest denomination until now was a 1 million bolivar bill that was worth a little less than a quarter as of Thursday. The new currency tops out at 100 bolivars, a little less than $25 — until inflation starts to eat away at that as well.

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Energy Prices Drive Europe Inflation to Highest Since 2008

Sharply higher oil and gas prices have pushed annual inflation in the 19 countries that use the euro to its highest in more than a decade in September. Economists and central bankers say the jump in inflation is temporary — but the higher energy prices have governments nonetheless scrambling to ease the pain of higher utility bills for households.

The European Union statistics agency Eurostat said Friday that inflation came in at 3.4%, up from 3.0% in August and the highest since 2008.

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Surging Natural Gas Prices: Threat to Consumers this Winter?

Brace for a rude surprise on your winter heating bills.

After years of unusually inexpensive levels, the price of natural gas in the United States has more than doubled since this time last year. In Europe and Asia, wholesale prices are more than five times what they were a year ago.

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Miqati, Hajjar and Salam Sign Ration Card Resolution

Prime Minister Najib Miqati, Social Affairs Minister Hector Hajjar and Economy Minister Amin Salam on Thursday signed a resolution defining the mechanism and standards of the implementation of the law related to the ration card plan.

The resolution also includes the opening of an additional line of credit to finance the plan.

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Algeria-Morocco Standoff Threatens Spain Gas Supplies

Algeria pumps huge volumes of gas through Morocco into Europe, but with Algiers and Rabat at loggerheads as a pipeline agreement nears expiry, experts say the taps could soon be turned off.

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