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OPEC+ to Reconvene after Wrangling over Production Rise

The members of the OPEC+ alliance of oil producing countries will reconvene on Friday a day after failing to reach agreement on production quotas from August onwards.

Thursday was a busy day of video-conferencing for the alliance's ministers, starting with a meeting between the 13 members of OPEC proper led by Saudi Arabia, followed by a technical meeting (JMMC) and full discussion between the 23 members of OPEC+.

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Key Dates in the Carlos Ghosn Saga

From his shock detention to an audacious escape from Japan, the rollercoaster saga of former Nissan boss Carlos Ghosn made headlines around the world.

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Prosecutors Seek Prison for Americans in Ghosn Escape Trial

The trial in Tokyo of two Americans charged with helping Nissan's former chairman, Carlos Ghosn, flee Japan wrapped up Friday with prosecutors seeking prison terms of more than two years for each of them.

The Americans, former Green Beret Michael Taylor and his son Peter Taylor, were arrested in Massachusetts last year and extradited in March. They acknowledged guilt when their trial opened last month and have apologized for their alleged roles in Ghosn's escape.

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Nissan Unveils UK Battery Gigafactory as Electric Drive Speeds Up

Nissan launched plans Thursday for a vast battery gigafactory in northeastern England, where it will manufacture a new electric vehicle as companies and governments accelerate away from fossil-fuel cars.

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Israeli, UAE Airlines Announce Cooperation Deal

The UAE and Israeli flag-carriers announced a codeshare cooperation deal on Thursday, the latest sign of deepening ties between the two nations following September's normalization of diplomatic relations.

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Gunmen Take to Streets in Tripoli over Economic Crisis

Gunmen took to the streets in the northern Lebanese city of Tripoli on Wednesday, firing in the air and at times throwing stones at soldiers amid rising anger at power cuts, fuel shortages and soaring prices.

The anger was fueled by rumors that a young girl died after electricity cuts stopped a machine that supplied her with oxygen. A Lebanese security official denied the rumors and reports on social media about the girl. He spoke on condition of anonymity in line with regulations.

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Berri Says $900M Expected from IMF as MPs OK Ration Card

Parliament Speaker Nabih Berri announced Wednesday that the International Monetary Fund is expected to grant Lebanon’s central bank $900 million on September 23, as parliament approved the ration card plan during a legislative session at the UNESCO Palace.

“The IMF decided Monday to return the reserves lodged by some countries with it and Lebanon’s share from this issue is $900 million,” Berri told parliament, adding that the caretaker finance minister “has been informed of this.”

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Economic Crisis, Severe Shortages Make Lebanon 'Unlivable'

Ibrahim Arab waits in line several hours a day in the hot summer sun to buy gas for his taxi.

When he's not working, the 37-year-old father of two drives from one Beirut pharmacy to another, looking for baby formula for his 7-month-old son -- any he can find -- even though the infant got severe diarrhea and vomiting from an unfamiliar brand.

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Lebanese Army Offers Tourists Helicopter Joyrides

The Lebanese Army will start offering tourists helicopter joyrides this week in a bid to boost the coffers of one of the crisis-hit country's key institutions.

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UK Auto Sector Embraces Electric Car 'Gigafactories'

Britain's automotive sector must build huge electric car battery "gigafactories" to secure both its future and the transition to greener energy, industry body SMMT declared Tuesday.

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