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Daily Archives: December 1, 2017

World Bank Forecasts Commodity Prices Hike in 2018

WASHINGTON (ABC Live): Commodity Prices  :  Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday. …

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World Bank Confirms Russian Economy Recovery in 2017

Moscow (ABC Live):Russian Economy :The Russian economy has returned to modest growth – amidst positive global growth, a recovery in trade, rising oil prices, and growing macroeconomic stability – according to the World Bank’s latest Russia Economic Report (no. 38 in the series), launched today in Moscow. These shoots have allowed consumer demand and consumption to rise, as the business environment improved, …

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IAEA Clears Leningrad Nuclear Plant Safety Norms

Moscow (ABC Live): Leningrad Nuclear Plant Safety Norms  : An International Atomic Energy Agency (IAEA) team of experts said the operator of the Russian Federation’s Leningrad Nuclear Power Plant (NPP) has demonstrated a commitment to safety and is taking many improvement initiatives. The team also identified areas for additional improvement. The Operational Safety Review Team (OSART) concluded a 17-day mission today …

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WMO Joins ICAO to Watch Mount Agung Volcano

New Delhi (ABC Live): Mount Agung Volcano : Volcanic activity at Mount Agung in Bali, Indonesia, and potential risks to air transport from volcanic ash is being closely monitored by an international network including WMO. Indonesian authorities have been closely watching Mt Agung for weeks. On Monday the National Board for Disaster Management raised the alert level to level 4 …

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Know WTO Cotton Trade Reform Negotiations

New Delhi (ABC Live): WTO Cotton Trade Reform Negotiations :Cotton has been discussed at the WTO since the Cotton Four’s 2003 Sectoral Initiative on Cotton, and the 1 August 2004 General Council decision — sometimes called the “July 2004 Package” — covering all subjects in the WTO negotiations. The decision says that cotton will be addressed “ambitiously, expeditiously and specifically” within the agriculture negotiations. As a …

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