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ExxonMobil says blockade threatens production at Nigeria oil facilities

The company made the announcement in a statement after a six-week blockade by former workers at the oil facilities. Mobil Producing Nigeria, the ExxonMobil subsidiary that released the statement, produces over 550,000 barrels per day of crude oil, condensates and natural gas liquids, according to the company website. …read more […]

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Former PayPal CEO Brands Bitcoin a ‘Cult’, Trashes Use Cases

Bitcoin believers and enthusiasts beware, you could be unwitting members of a cult if Bill Harris is to be believed. Speaking on CNBC’s Fast Money program, the former CEO of payments services firm PayPal claimed that bitcoin’s supposed advantages are non-existent. “The cult of bitcoin make many claims — that it’s instant, free, scalable, efficient, …read more […]

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One of China's richest men was arrested in the US on sexual misconduct allegations, then left the country (JD)

Liu Qiangdong, the founder and CEO of Chinese e-commerce giant JD.com was arrested in Minneapolis over the weekend. Liu has not been charged with anything, and went back to China afterward. China’s foreign ministry said it is looking into the matter. …read more […]

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Weak pound, higher commodity stocks boost FTSE

The UK’s top share index rose on Monday, starting September on a stronger note as a weaker pound and a bounce across commodity stocks helped British equities outperform continental peers. The blue chip FTSE 100 (.FTSE) index was up 1 percent at 7,504.60 points at its close, while mid caps (.FTMC) were flat in percentage terms. A rise in oil stocks contributed more than 21 points to the FTSE 100, the biggest sectoral boost to the index. …read more […]