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UAE to Open Arab Gulf's First Nuclear Reactor in 2018

The United Arab Emirates on Monday announced plans to open a nuclear power plant next year, in what would be a first for the emirate and the Arab Gulf region.

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OPEC to Discuss Extending Cuts, Quotas

OPEC will discuss extending production cuts that have boosted oil prices and imposing output quotas on all cartel members at a November meeting in Vienna, an Emirati minister said Monday.

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More U.S. Business Economists See 'Downside' Economic Risks

Amid uncertainty over President Donald Trump's growth agenda, U.S. economists increasingly are worried about risks to the economy, though they see little chance of a recession near term, according to a survey released Monday.

The National Association for Business Economists quarterly survey showed little change in the forecasts compared with June in key areas such as economic growth, which was projected at 2.2 percent in 2017 and 2.4 percent in 2018.

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600,000 Sign Petition to Overturn London Uber Ban

More than 600,000 people had by Sunday signed a petition asking London transport authorities to reverse their decision not to renew Uber's license when it expires.

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UK Negotiator Dismisses Reports of £40 Billion Brexit Bill

Brexit negotiator David Davis on Sunday dismissed a report that Britain was prepared to pay a £40 billion ($54 billion, 45 billion euros) divorce bill on leaving the European Union.

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Swiss Vote against Plan to Save Pensions

Swiss voters on Sunday rejected a divisive pension reform plan that the government said was vital to safeguard benefits, according to initial estimates.

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Vatican Says It Axed Chief Auditor for Spying

The Vatican said Sunday it had been forced to oust its former auditor general -- who resigned without explanation in June -- because he had been spying on senior officials.

In the latest scandal to embroil the centuries-old institution, Libero Milone had accused the Vatican of getting rid of him because his investigations into possible illegal activity had hit too close to home.

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Petrol Prices Pumped Up in Pyongyang

Petrol prices are being pumped higher in Pyongyang in the wake of United Nations sanctions restricting exports of oil products to nuclear-armed North Korea.

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China Confirms Will Limit Oil Exports to North Korea

China will limit exports of refined petroleum products to North Korea starting October 1, its commerce ministry said, confirming Beijing's participation in new UN sanctions intended to rein in its rogue neighbour.

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Russia Keen on More OPEC Cooperation

Russia's energy minister said Friday that he was in favor of continuing cooperation with the OPEC oil cartel as their joint accord to cap output bears fruit in boosting the price of crude.

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