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Renewables outpace fossil fuels despite US policy shift: IEA
Renewables outpace fossil fuels despite US policy shift: IEA
by  AFP

Renewable energy is still expanding faster than fossil fuels around the world despite policy changes in the United States, with oil demand possibly peaking "around 2030", the International Energy Agency said Wednesday. In the IEA's Stated Policies Scenario (STEPS), oil demand would peak "around 2030" and decline to 100 million barrels per day by 2035 before falling in subsequent years.

Cambodia's Prince Group denies link to scams after asset seizures
Cambodia's Prince Group denies link to scams after asset seizures
by  AFP

A Cambodian conglomerate whose founder has had more than $15 billion of allegedly ill-gotten assets seized said it "categorically rejects" claims he amassed his fortune running an internet scam empire. US investigators seized around $15 billion worth of Bitcoin they allege are criminal proceeds -- the largest forfeiture action in the Justice Department's history.

Asian markets up on hopes over shutdown deal, rate cut
Asian markets up on hopes over shutdown deal, rate cut
by  AFP

Equities rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive Federal Reserve interest rate cut. Adding to the upbeat mood was expectations for a Fed rate cut in December after data from private payrolls firm ADP showed US companies shed 11,250 jobs per week on average in the four weeks ended October 25.

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